TUE 30JUNE20: Long Soybean: S/L @+1u
Fib 50 on direction of current up trend
TUE 30JUN20: Short UK100Cash: S/O @B/E
Break of Inner and long term up trend line bouncing at the south of it and fib 61.8% level.
WED01JUL20: LONG EUR/USD: S/L @B/E
I couldnāt update this one, but if you didnāt get stopped out at b/e in the previous EU long trade (a few posts above), then this is just a re-entry.
There were a bunch of bull signals formed in the 4h chart: harami, engulfings, So I re-entered based on a shorter time frame bull candle shown last night.
This trade is now at b/e.
WED01JUL20: LONG US500: S/L @B/E
Another trade we found last nightā¦currently at b/e and if I donāt get stopped out, I might be able to add to this trade at the āBā marked point which is about the fib 61.8% of the last upswingā¦as shown
THU02JUL20: SUMMARY OF ACTIVE TRADES:
EUR/USD: LONG: FREEROLLING
SOYBEAN: LONG: S/L @+1u
US500: LONG: FREEROLLING
THU02JUL20: AUD/USD LONG
Based on the Day chart below, I see a Bull Harami and Engulfing candles at the 38% fib retracement of the up trend running since march.
Initially I had drawn my up trend line in a way that was placing the cross at a āsell zoneā, however, after a further review, I believe this cross is still within the up trend. Of course there is always chances that the cross turns around, it can happen at any time, and its quick typical once one enters a trade!
Since it is only bouncing at the Fib 38%. However, I feel this cross is on its way to form a Day Divergence by just taking the last high at 0.79649 by a few pips whilst the RSI not forming a new high, reason why I placed my TP above that high.
Wait and seeā¦
THU02JUL20: SUMMARY OF ACTIVE TRADES:
EUR/USD: LONG: FREEROLLING
SOYBEAN: LONG: S/L @+1u
US500: LONG: FREEROLLING
AUD/USD: LONG: S/L @-1u
THU02JUL20: EUR/JPY LONG
Similarly to the AU trade above, I had placed my up trend line in a way that was showing this cross under the Sell Zone, yet when looking at the recent up trend and the break of the past down trend line (23 jun 20), I can see this cross bouncing at the 61.8%-78.6% retracement at the UTL, also forming a 4h bull engulfing. I however also feel that this cross can yet drop down a bit before heading north (If), based on the 1h chart that is showing RSI Divergence and O/Bought signs.
Yet, I canāt see here an wait or miss out, so since this is a 4h signal I have entered long at current levels.
Wait and seeā¦
THU02JUL20: SUMMARY OF ACTIVE TRADES:
30/06/20 SOYBEAN: LONG: S/L @+1u
01/07/20 EUR/USD: LONG: FREEROLLING
01/07/20 US500: LONG: FREEROLLING
02/07/20 AUD/USD: LONG: S/L @-1u
02/07/20 EUR/JPY: LONG: S/L @-1u
THU02JUL20: UK100 CASH LONG
Even though this instrument has been in a sideways move, I feel is in similar situation as the AUD/USD, that after forming a bull signal near a fib level (61.8%) yet away from its inner up trend line, it has moved sideways now hitting the trendline, and hopefully, to bounce off north.
wait and seeā¦
THU02JUL20: SUMMARY OF ACTIVE TRADES:
30/06/20 SOYBEAN: LONG: S/L @+1u
01/07/20 EUR/USD: LONG: FREEROLLING
01/07/20 US500: LONG: FREEROLLING
02/07/20 AUD/USD: LONG: S/L @-1u
02/07/20 EUR/JPY: LONG: S/L @-1u
02/07/20 UK100: LONG: S/L @-1u
COCO: WAITING TO BUY
Coco has been in a nice up trend for quite a while, then after a Week Div around Febā20, it turned around. It ended up forming a weekly hammer before bouncing back up to the 78.6% Fib retracement level of the same downswing. It is at this point where we had a second chance for a sale trade (if trading the weekly charts). It formed a nice āEvening Starā. Now, here is where our chance to enter long appears to present itselfā¦either this or next week.
When drawing the fib (in pink) for the last downswing, its 127% extension crosses with the long term up trend line (marked in dark green box and with a āBā). This juncture should also coincide with the Week RSI hitting oversold levels. (also marked in dark green box).
I am considering either:
(1) Placing a buy order around this juncture
or
(2) Wait for a Day candle confirmation at this juncture to enter long.
Obviously, out of the 2 options, the latter is the safer one, but it will cost us a few more points.
I have some meditation to doā¦
PS; I love trading coco, and have been missing out in a lot of opportunities whilst catching some 
FRI03JUL20: SUMMARY OF ACTIVE TRADES:
AUD/USD: 02/07/20 LONG S/L@B/E
COCO: WAITING FOR POS LONG ENTRY
EUR/JPY: 02/07/20 S/O @-0.4u
EUR/USD: 01/07/20 LONG S/L @B/E
GBP/JPY: WAITING FOR POS LONG ENTRY
SOYBEAN: 30/06/20 LONG S/L @+1.5u
UK100: 02/07/20 S/O @B/E
USP500: 01/07/20 TP HIT +2U
FRI03JUL20: MULTIPLE TRADES:
EUR/JPY SHORT: CLOSED @B/E
GBP/JPY SHORT: EXIT/REVERSE (SEE NEW POST)
UK100 SHORT: S/O @B/E
US500 SHORT: CLOSED @-0.5u
AUD/USD SHORT: CLOSED @-0.5u
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UPDATING THE TRADES PERFORMANCE:
Hi everyone, I have tried my best to keep updating the progress and results of my trades when things change like trailing my stops, tp hit, etc. However, I am finding it quite difficult to keep up. I am still in the middle of renovating our home whilst trying to keep up with my 2h-Day trading charts.
So please forgive me if I canāt keep up with the āTrade Managementā part of trading. I will leave this up to you.
Here are the key principles I use, which could help share some light on how I manage my trades in āgeneralā:
Risk Management:
I try to move my trades to b/e as soon as possible when any of the following occurs first:
(a) My trade has move at least 1-1.5x my risk. This is if the trade costed me 50 pips+ I will certainly move my stop to b/e once it has move +50pips my way.
(b) The instrument has formed a new low/high in a smaller timeframe than the one I used to enter the trade. i.e. if I entered a trade using signals that showed in the 4h chart, then if there is new high/low formed in the 2h or 1h chart I will move my stop to that new low or high hence reducing my initial risk
Ā© When the instrument is showing signs of weakness in the same timeframe. e.g. RSI over bought/sold showing, etc.
This is why I have quite a few āstop outs at b/eā (S/O@B/E) 
However, although sometimes I get stopped out prematurely, because I use 2h-Day charts, I can find a lot of new trades to enter into.
This is also why sometimes I only lose 0.5u instead of the full 1u, etc.
My key principle is to āpreserve my capitalā.
Profit Management: On the other hand I use a variety of ways to catch profits:
(1) 1.5x my investment as a fix profit taking for a āquickā trade.
(2) Fibonacci 127% (sometimes the 161.8%)
(3) Cancel and Replace: Follows ābā above, when I move my stop to the new high/low formed by the instrument.
(4) Exit/Reverse: If I see a new opposing signal, I will exit and reverse my trade on that instant
I hope this give you all an idea of how I manage my trades. I will add a summary again of my method, which I have tried to improved and simplify, after all this topic is called "Kiss principle trading!"
I will do so before Monday. It will list the instruments I am trading since July 2020, and the basic principles for my entries as well as the ābest timeframesā for each instrument. The timeframes āI believeā works best for my method for the listed instruments.
Stay tuned!
Happy trading!
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MON06JUL20: ACTIVE TRADES
GBP/JPY LONG: Closed @B/E
This cross is in a new Up Trend by the Day Chart, so we will follow this trend until the Day Chart forms a Divergence on the RSI
DAY UP TREND: I had taken the long where the red arrows show, however I got out and cashed in some profits with the intention of re-entering longā¦yet I got āside-trackā and forgot about this, entering short at one point. Anyway, I believe we are back on track.
INTRADAY LONG ENTRY:
As shown, I have not set a TP. I intend to ride this new Day Up Trend until the Day Chart shows a RSI Divergence or it breaks the new Inner Up Trend Line (not formed yet). Letās wait and seeā¦
=============
EUR/USD LONG: S/O @-0.3u
We are still āFree-rollingā on this cross. As shown, after some sideways movements, we didnāt get s/o (luckily since it came pretty close) and hopefully the up trend is resuming from here. Wait and seeā¦
Unlike GJ, I have a TP set for this one above the last Day High, my thoughts are that this cross will form a Day RSI Divergence, which requires a new high and the RSI not to make a high, hence my TP above the last highā¦ It has bounced at the 38% fib, with a Bull Engulfing and broke the most recent inner down trend line, went sideways and missed our stop. Soā¦
Wait and seeā¦
========
SOY LONG: +3u
We are at the Fib 127% with a Doji Day Candle formed. We have secured 1.5u on this one but I am considering closing it since I canāt move my stop any closer (I use the GSLO from CMC and has its limitations)ā¦ But I also want to let this trade play out, there is no signs of a Day Reversal and have set my TP at the 161.8%, but letās wait and see.
The Intraday Chart is in RSI O/Bought but the recent Bear Engulfing has been taken by a gap opening. Still, chances of a retracement at this point before hopefully heading back up north againā¦
Wait and seeā¦
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MON06JUL20: EUR/JPY LONG TRADE OPPORTUNITY
I am not entering this trade, for two reasons: (1) I missed out on the proper entry, well I believe I entered it however I got stopped out prematurely. (2) I already have a freerolling trade with the EUR/USD and have just entered the GBP/JPY (so the EU + JPY crosses are covered)ā¦
There was a nice LONG trade oportunity a few days back (marked with red-arrow). And if you are still interested, you can use the Intraday chart to still enter in this up trend rideā¦
But it might cost around 50-100 pipsā¦
With a bounce at the Fib 61,8% and Day Bull Engulfing Candle, there was a nice entry (red arrow), specially since it came down to give us a cheaper entry, then forming a dojiā¦ Afterwards, EJ broke the new inner down trend line, and gave us another chance when coming close to the 618% againā¦now it seems to finally want to make a moveā¦ So we can use the Intraday chart as shown for an entryā¦
Also, unlike the EUR/USD (EU), the EUR/JPY (EJ) has actually formed a new Inner Up Trend Line in the Day Chartā¦
good luck!
PS: The horizontal red arrows mark the suggested Stop Loss locationā¦
MON06JUL20: COFFEE BUY COMING UP?
So the Coffee has completed the first few steps of my version of āThe Gartleyā which I nicknamed āTTRāā¦ We have formed the āAā point and are now waiting for a retracement to fib levels (as shown in green and marked with a āB arrowā) to buy after a candle confirmation at least on the 4h chart. Although, given my past failures with coffee I think I prefer to wait for a Day Candle confirmationā¦
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TUE07JUL20: COFFEE LONG 4H CHART: S/[email protected]
As per above, we have entered Long on Coffee after a Bull Engulfing at the Fib 61.8% with the S/L @ Last Low as shown
Now, wait and seeā¦
WED08JUL20: GBP/JPY (GJ) LONG 30m Chart: S/O @ B/E
Unfortunately, posting the 30min or 1h chart trades canāt be done quickly enoughā¦
But nevertheless here is my todayās trade. I tried to enter long yesterday, but the GSLO was forcing me to have a 50pips trade which I didn;t want to takeā¦and regret itā¦I was planning on entering long in the UK time but I forgot due to renovations 
ended up missing out on a 100+ pips move!
So today, I decided to take the 50pips stop, buy less lots, and still be in it for a 100 pips targetā¦
Wait and seeā¦
