After nearly 3months of PA observation, as a newbie, I think/hope I’m starting to get it, so I’m creating this journal for my entries, so that I can keep a track of my performance…So, bring it on 
TR1-EURAUD
Signal: PB
Entry:1.4461
S/L : 1.4526
T/P : 1.4330
RR=2:1
TR2-NZDUSD
Signal: Reversal Combo PB/IB
Entry:0.8283
S/L :0.8190
T/P :0.8463
RR=2:1
Good luck buddy.
Flawless setups.
Cheers
Thank you mate
TR4-NZDJPY
Entry: 81.84
S/L:81.54
T/P:83.04
Price just reached the entry price to fall…and lately it create a bullish fakey (TR4)
TR1-EURAUD
T/P reached
Final RR=2
pips=130
Comments: none
TR2-NZDUSD
T/P =leave earlier
Final RR=1.13
pips=102
Comments: decided to lock 102 pips profit
TR3-NZDJPY
T/P= stopped out
Final RR=-1
pips=-30
Comments: failed signal
TR4-NZDJPY
T/P =leave earlier
Final RR=4.56
pips=123
Comments: decided to lock 123 pips profit
TR5-AUDUSD
Signal: IB
Entry:0.9521 (I entered at 0.9521 because expected retesting the Support area, used previous OB as reference)
S/L: 0.9461
T/P:0.9681
RR: 2.5
TR6-GBPJPY
Signal: IB/PB Fakey
Entry:158.60
S/L: 159.01
T/P:156.60
RR: 4.88
Outcome: stopped out (-41pips)
TR7-EURJPY
Signal: IB/PB Fakey
Entry:133.10
S/L: 133.73
T/P:131.33
RR: 2.81
Outcome: Manually locked 113pips
TR8-EURCAD
Signal: PB
Entry:1.4074
S/L: 1.4138
T/P:1.3904
RR: 2.66
Outcome: Manually locked 134pips
TR9-NZDUSD
Signal: IB/PB Fakey
Entry:0.8380
S/L: 0.8349
T/P:0.8500
RR: 3.87
Outcome: stopped out (-31pips)
Bottom line: I shouldn’t take TR-5 because it wasn’t clear enough. Correlation might not apply to PA signals especially if they all occur at same time (i.e. TR-7 & TR-8). However, TR-6 failed, maybe because the tail of the PB didn’t protrude deep enough (compare with TR-6)
TR10-AUDNZD
Signal: Combo PB/OB
Entry:1.1380
S/L: 1.1310
T/P:1.1530
RR: 2.14
TR11-EURCAD
Signal: Long PB
Entry:1.4097 (POSITION SEIZED)
S/L: 1.3884
T/P:1.4527
RR: 2.02
TR11-EURNZD
Signal:Combo Long PB/OB
Entry:1.6188 (POSITION SEIZED)
S/L: 1.5911
T/P:1.6788
RR: 2.17
TR11-USDCHF
Signal:IB/Long PB Fakey (POSITION SEIZED)
Entry:0.9107
S/L: 0.9250
T/P:0.8817
RR: 2.03
Hey Venepips. What are you using to track your progress?
Regards,
Andrew.
Correlation Analysis. Does it really matter?
Hypothesis 1:
Signal Occurs at the same time and 2 or more pairs have +75%/-75% correlation.
[ul]
[li]Should I take both because they are independent signals (i.e. correlation is espurea)
[/li][li]Should not take them because there is an underlying relation (i.e. correlation is significant)
[/li][/ul]
TR10-was a lost
TR11-still open
TR12-locked 130pips
TR13-Hasn’t been triggered yet
TR14-EURUSD
became emotional due to news realised (Interest rate) and cancelled it , I need to learn to cear my mind and disregard any news but NFP, for now.
TR15-NZDUSD
Signal:OB/Long PB Fakey
Entry:0.8234
S/L: 0.8167
T/P:0.8354
Outcome: Target Hit
RR: 2.03
I would like to know if PA can really give 80% winning rate. For sure I need more experience in order to master PA signals recognition. However, i’m doing fine by keeping losses low and winning highs, even though I’ve been locking profits around 120 pips. I also on my way to master the set and forget behavior.
Anyway, out of the last 14 Transactions recorded below I had 8W/6L (57% winning rate), I have 2 open transactions TR11-EURCAD & TR17-AUSNZD. Therefore, I need to focus on:
[ol]
[li]Picking better set ups
[/li][li]Do not trade 4H TF, only 8H and above
[/li][/ol]
TR17-AUDNZD
Signal: Combo PB/IB
Entry:1.1257
S/L:1.1237
T/P:1.14
T/P:
