Trades Taken:
GBP/CHF 8/13/19 (OPENED) - 8/16/19 (CLOSED) [3.28%]
NZD/CHF 8/13/19 (OPENED) - Currently Open
GBP/AUD 8/14/19 (OPENED)- Currently Open
Past Trades:
AUD/CHF 8/08/19 (OPENED) - 8/12/19 (CLOSED) [-0.98%]
Missed Trades:
None
EUR/GBP, Recently had a nice pullback. I have been waiting for an entry for quite but nothing currently fits in my Plan to entry. But I have noticed this happening over and over in the Market. I am trying to look for at least 2-3 times frames to be congruent. Ex. Daily with You + 4H (Price action/ pattern / broken of Structure) + 1H (priceaction/Pattern)
Looking at EUR/GBP:
Daily - Obviously currently price is in a Run up but no real pullback has happened until Price Action started to decelerate then some Bearish Momentum finally
How’s everyone doing this week. I have been starting to see more opportunities in the market as my price action is getting better and especially psychology just understanding there is a "random distribution between wins and losses for any given set of variables that define an edge.
Trades Taken:
AUD/CAD 8/22/19 (OPENED) - Currently Open
Daily - Currently Price is still in a Dow trend currently in a pullback.
[Short] - Looking for some Pricea ction to go Short
[Long] - Waiting for Pattern to go long since the weekly is Bullish.
Weekly - Price recently had a break of Trendline + Head and Shoulder Pattern.It is in a pullback phase of a possible New Weekly Trend and New Run. We have a Pinbar Candle and deceleration signaling a reversal
Daily - It’s in a uptrend but made a slight New High but has been consolidating. Need a Pattern to look for a short.
How’s everyone doing? The market is starting to get hot.
NZD/USD - Long
Daily - Price has been In this Run down since the breakout of Wedge Pattern back in July with no pullback.A nice Bullish Candle ending last week followed by a Pinbar
4H - A double Bottom with some nice deceleration including a pinbar followed by some bullish Price action
1H - Nice break of 50 EMA and MACD and break of this Trend line
This will be my last entry for this month. I have taken 11 entries. Planned to do a review for the last few months of what I have been working on and plan to post it this weekend.
These two were long over due since both March & April were over 10% then May it was slow month with no trades. August will be posted as soon as the last two entries close.
June & July I missed two similar entries CAD/JPY & NZD/CHF which both were Head and shoulder on the Daily with no weekly confirmation but 4H Pattern + 1H entry. These Entries don’t happen often which was new to me but they are about 1:3 return that you don’t want to miss
I wanted to make sure I wasn’t missing trades because of How tend to rush things or if I don’t really know my trading plan. So came July, I backtested all 28 pair updated my data from 2017 + 2018 added a new strategy. In which, I updated my trading plan
I wanted to go into August SOLID making sure I was doing daily things Backtesting my plan Mon - Thur pair to make SURE I knew my Plan with the addition of the new trend entries I have been taking that only risking about 0.50%
EUR/USD 06/02/19 (NO Entry but hit TP)
EUR/JPY - 6/24/19 - No Entry, Price never retraced for an entry
GBP/CHF 6/27/19 - No entry, price hit TP before the entry so I decided to cancel the entry.
Hello, I am excited for the next few months especially in trading. Working on both improving my psychology and technical analysis.
I always wanted to start recording myself to help me with my analysis way back since last year. I decided I would not only post a written Weekly Watch but also a video format. I plan to do trade summary for my trades.
i do need work on my editing skills, if you have any tips for me for communication and videos. I would really appreciate it.
Weekly Watchlist: 9/01/19
AUD/JPY - Long
Weekly - Deceleration of the Run with a nice bullish Candle
Daily - Still in a Downtrend waiting for a pattern
Another Week, Just same old same old. CONSISTENCE!!
I got some improvements to make both in editing also slight uncomfortable when making these records. It is something new but will keep positing both Written and video on a Weekly basis.
EUR/CHF - Long
Weekly - Deceleration followed by some consolidation but a pinbar candle.
Daily - As you can see price is this downtrend and is at the previous low. This could be turning into a Head & Shoulder pattern. Will see how this pair progress this week
Daily - We recently had break of structure then change of trend with new high and low but looking like a rising wedge pattern (continuation pattern). Price has already starting to slow down, need some price action to look for a short.
Weekly - The price has been in down since March with no pullback but just some consolidation/deecleration. We recently had a third trend-line touch and price found resistance. (my reason for a Long - Daily can paint a different picture)
Daily - If you look at price it’s in a downtrend but formed a double bottom followed by a strong bullish move to the upside. are the bullish’s finally coming in?
(Short - Red) - Since previous is at the previous low, i will wait to see what happens there to go short
(Long - Green) - We have the weekly with us, Bullish Candle. Daily is starting to reversal. Break of trendline + Double bottom maybe turning into a head & shoulder where i would look for an entry.
It has been a slow month, no opportunity currently. Last week, i had nothing on my Weekly watchlist. Looking to see if get some opportunities end of the month or beginning of next.
