The Progress of Alphahavoc III

Great journaling. Love the family and food pics. Definitely cut down on the fast food and soda. Maybe run some correlations between trading performance and caloric intake for the week. Wonder if you’ll come to any interesting conclusions.

1 Like

Good idea! :thinking:

Trading Day 35 (18 Sept 2019)

Update on open trades,

18 Sept 2019
0029HR SGT
Symbol : GBPCAD
Action : Short
Lot : 0.005
Open : 1.65518
Target : 1.65069 (hit target)
Stop : 1.66551 (edited to 1.65751)

18 Sept 2019
1540HR SGT
Symbol : GBPCAD
Action : Short
Lot : 0.04
Open : 1.65499
Target : 1.65349 (hit target)
Stop : 1.65751

ALL POSITIONS CLOSED!! :partying_face:

18 Sept 2019
2133HR SGT
Symbol : EURGBP
Action : Short
Lot : 0.02
Open : 0.88662
Target : 0.88599 (hit target)
Stop : 0.88911

I decided to short EURGBP again. I really wonder how i got hit. Why did i not set my stop loss at Daily R1??? This is really a mystery. This morning, my stop loss for EURGBP was set at 0.88801, i should have set at daily R1 0.88901. Then i wouldn’t have lost that trade. This is so weird. I must be too sleepy this morning. Just as i am typing away, one of my EURGBP shorts hit target! :grin:

Trades consideration,

  1. Receding Bullish MACD histogram
  2. Overall Bearish trajectory

18 Sept 2019
2131HR SGT
Symbol : EURGBP
Action : Short
Lot : 0.02
Open : 0.88657
Target : 0.88519
(manually closed at 0.88644)
Stop : 0.88911

18 Sept 2019
2253HR SGT
Symbol : EURGBP
Action : Short
Lot : 0.02
Open : 0.88660
Target : 0.88599 (hit target)
Stop : 0.88911

All positions closed once again! :partying_face:

19 Sept 2019
0101HR SGT
Symbol : EURNZD
Action : Short
Lot : 0.01
Open : 1.74523
Target : 1.74349 (hit target)
Stop : 1.75001

19 Sept 2019
0101HR SGT
Symbol : EURNZD
Action : Short
Lot : 0.01
Open : 1.74523
Target : 1.74169
Stop : 1.75001

Trades consideration,

  1. MACD bearish Divergence vs Higher Price levels
  2. European session market participant unable to breach Daily R2, current hourly candle closed below daily R1 level, in my discretionary personal experience, price may attempt to test daily pivot support level.
1 Like

Trading Day 36 (19 Sept 2019)

Update on open trade,
19 Sept 2019
0101HR SGT
Symbol : EURNZD
Action : Short
Lot : 0.01
Open : 1.74523
Target : 1.74169
Stop : 1.75001
(manually closed at 1.74950)

Breakfast

Trade consideration,

  1. Price trading above Ichimoku cloud
  2. Stochastic crossover below 20%

19 Sept 2019
1605HR SGT
Symbol : USDCAD
Action : Long
Lot : 0.04
Open : 1.32866
Target : 1.32916 (hit target) :sweat_smile:
Stop : 1.32749 (edited to 1.32689)

19 Sept 2019
1624HR SGT
Symbol : USDCAD
Action : Long
Lot : 0.01
Open : 1.32870
Target : 1.33001
Stop : 1.32689 (hit stop)

19 Sept 2019
1624HR SGT
Symbol : USDCAD
Action : Long
Lot : 0.01
Open : 1.32870
Target : 1.33091
Stop : 1.32689 (hit stop)

Dinner

19 Sept 2019
1833HR SGT
Symbol : AUDUSD
Action : Short
Lot : 0.01
Open : 0.67900
Target : 0.67829
Stop : 0.68121
(Manually closed at 0.68009)

19 Sept 2019
1833HR SGT
Symbol : AUDUSD
Action : Short
Lot : 0.01
Open : 0.67900
Target : 0.67749
Stop : 0.68121
(Manually closed at 0.68010)

Trades consideration,

  1. Price on its way to test 61.8% fibo level 0.67600
  2. Price go below Ichimoku cloud level on the daily charts

19 Sept 2019
2119HR SGT
Symbol : AUDUSD
Action : Long
Lot : 0.03
Open : 0.68011
Target : 0.68351
Stop : 0.67799
(Manually closed at 0.67969)

19 Sept 2019
2119HR SGT
Symbol : USDCAD
Action : Short
Lot : 0.03
Open : 1.32683
Target : 1.32449 (hit target)
Stop : 1.32901

2 Likes

just curious, you don’t cook at all? LOL but nice work keeping up the journal, keep pushing :muscle:t5:

1 Like

Trading Day 37 (20 Sept 2019)

20 Sept 2019
0504HR SGT
Symbol : AUDCAD
Action : Short
Lot : 0.05
Open : 0.90052
Target : 0.89919
(Manually closed at 0.89962)
Stop : 0.90501

Trade consideration,

  1. Price trading below Daily pivot
  2. IMHO look bearish to me

20 Sept 2019
1135HR SGT
Symbol : AUDUSD
Action : Long
Lot : 0.01
Open : 0.67941
Target : 0.68051 (hit target)
Stop : 0.67699

20 Sept 2019
1135HR SGT
Symbol : AUDUSD
Action : Long
Lot : 0.01
Open : 0.67941
Target : 0.68131
(manually closed at 0.68031)
Stop : 0.67699 (edit to 0.67959)

Trade consideration,

  1. Price trading above Ichimoku cloud
  2. Today is Friday, last trading day of the week, profit taking on the horizon

Boring Lunch again

20 Sept 2019
1650HR SGT
Symbol : AUDUSD
Action : Short
Lot : 0.01
Open : 0.67916
Target : 0.67859 (hit target)
Stop : 0.68121

20 Sept 2019
1650HR SGT
Symbol : AUDUSD
Action : Short
Lot : 0.01
Open : 0.67916
Target : 0.67789
(Manually closed at 0.67802)
Stop : 0.68121

Trade consideration,
1)Price trading below Ichimoku cloud
2) stochastic crossover 80%

20 Sept 2019
2355HR SGT
Symbol : GBPUSD
Action : Short
Lot : 0.01
Open : 1.24851
Target : 1.24699 (hit targe)
Stop : 1.25301 (edited to 1.25021)

20 Sept 2019
2356HR SGT
Symbol : GBPUSD
Action : Short
Lot : 0.01
Open : 1.24851
Target : 1.24529 (manually closed at 1.24708
Stop : 1.25301 (edited to 1.25021)

Trades consideration,

  1. A Re-test of daily Pivot level had failed at around 1900HR SGT
  2. Price trading below Daily Pivot
  3. Attempt to test Daily S1 level seems to be brewing.

Time to chill! :sunglasses:

A reason to live for

Dinner with my children!! :heart_eyes: This is priceless!!

2 Likes

Pre-Trade Workup

Monday 23 Sept 2019

There are no High Impact News on Monday. The only movers in view are German’s Purchasing Managers’ Index (PMI) for manufacturing . With respect to the forecast, it is a mixed bag of macadamia.

EURNZD was all Bull last week. Market tend to price in ahead of time. Monday’s lackluster Forecast for the Euros may just drive market participant to book profits for the EURNZD pair. A pullback day for EURNZD i suspect.

According to my Currency strength meter version 2. On Friday, EUR did drop from rank 4th to 7th illustrating immediate bearish momentum. Thus, i will be aiming to short EURNZD when market open on Monday.

1 Like

Trading Day 38 (23 Sept 2019)

On market open, price gapped down from 1.75020 to 1.74680 . No opportunity for me to short at all. I decided to bet on mean reversion and Long EURNZD instead . A gap is an abnormal move. Over the weekend, there were some trading that continued which was not available for retail traders. IMHO, mean reversion in the act at the moment.

23 Sept 2019
0632HR SGT
Symbol : EURNZD
Action : Long
Lot : 0.02
Open : 1.75848
Target : 1.75901
Stop : 1.75599
(Manually closed at 1.75648)

23 Sept 2019
0822HR SGT
Symbol : EURNZD
Action : Long
Lot : 0.02
Open : 1.75779
Target : 1.75819 (hit target)
Stop : 1.75599

23 Sept 2019
1116HR SGT
Symbol : EURNZD
Action : Short
Lot : 0.04
Open : 1.75651
Target : 1.75549
Stop : 1.75901 (hit stop)

23 Sept 2019
1131R SGT
Symbol : EURNZD
Action : Short
Lot : 0.04
Open : 1.75639
Target : 1.75449
Stop : 1.75901(hit stop)

It seem to me that buyers have given up. I should have stick to my pre trade workup directional bias. Anyway, i’m closing my EURNZD Longs, and doubling down on EURNZD shorts.

Price seem to be gravitating towards Friday’s Higher Low support level at 1.75300. This is a strong support level to watch out for, if a forthcoming reversal play might be in the deck or not .

" Draghi also takes center stage as he is due to testify to the European Parliament where he is expected to emphasize the much needed collaboration between monetary and fiscal policies while reasserting his view of QE as a necessary tool to keep the EU afloat. "
Ivan delgado

Ah ha!! Mario is in the limelight, no wonder EUR is so weak! There is hope for my EURNZD pullback afterall.

7eb

23 Sept 2019
1529R SGT
Symbol : EURNZD
Action : Short
Lot : 0.1
Open : 1.75744
Target : 1.75399
(manually closed at 1.75487)
Stop : 1.75901

A close one :sweat:. Although, 1.75901 never came, still my stop loss was triggered due to widen spread. I manage to put in a 0.1lot EURNZD short trade in the nick of time and get to square off my losses. What a shame it is that my pre trade workup was right, and yet i didn’t get to make more pips.

On hindsight, 1.75300 price level had just been breached. A major support level was broken. A reversal of trend for EURNZD might be on the horizon.

Actually, i’m on sick leave today. I guess i will take my rest now. I had been doing lots of emergency cases over the weekend, and i just did 5th straight week of standby for the hospital as well. I’m exhausted. I need some rest…

Watching my cute one playing BlockCraft. :slightly_smiling_face:

23 Sept 2019
1709HR SGT
Symbol : GBPUSD
Action : Short
Lot : 0.04
Open : 1.24403
Target : 1.24299 (hit target)
Stop : 1.24821

Trade considerations,

  1. 1min chart very bearish trajectory
  2. Last week, weekly candle form a doji and a close below mean level suggestive of forthcoming reversal of trend.
  3. On the 1hour chart, a significant HL had been breached at 1.24400, further suggest forthcoming reversal of trend is brewing

23 Sept 2019
2214HR SGT
Symbol : GBPUSD
Action : Long
Lot : 0.04
Open : 1.24185
Target : 1.24301 (hit target)
Stop : 1.24049

Trades consideration,

  1. Momentic indicator blue box showing buy signal
  2. Nonlagdot turns blue also showing buy signal

24 Sept 2019
0033HR SGT
Symbol : EURUSD
Action : Short
Lot : 0.01
Open : 1.09897
Target : 1.09829
Stop : 1.10151

24 Sept 2019
0033HR SGT
Symbol : EURUSD
Action : Short
Lot : 0.01
Open : 1.09897
Target : 1.09729
Stop : 1.10151

Trades consideration,

  1. 1hour chart, Momentics red sell box appear with 4 star bearish momentum.
  2. 5min chart, Momentics red sell box appear with 3 star bearish momentum.

IMHO, price seems ready to take the plunge and resume its bearish path. On an afterthought, the nonlagdot in the 5min chart have yet to turn bearish.

2 Likes

You work at a hospital? Your schedule sounds really hectic! And you still have time to fill in details for your trading journal! Also, get well soon!!!

1 Like

Trading Day 39 (24Sept 2019)

24 Sept 2019
0033HR SGT
Symbol : EURUSD
Action : Short
Lot : 0.01
Open : 1.09897
Target : 1.09829
Stop : 1.10151
(manually closed at 1.09957)

24 Sept 2019
0033HR SGT
Symbol : EURUSD
Action : Short
Lot : 0.01
Open : 1.09897
Target : 1.09729
Stop : 1.10151
(Manually closed at 1.09957)

Trading Day 40 (25 Sept 2019)

25 Sept 2019
2237HR SGT
Symbol : GBPUSD
Action : Long
Lot : 0.02
Open : 1.23619
Target : 1.23701 (hit target)
Stop : 1.23389

25 Sept 2019
2237HR SGT
Symbol : GBPUSD
Action : Long
Lot : 0.02
Open : 1.23632
Target : 1.23801 (hit target)
Stop : 1.23389

Trade consideration,

  1. Alphahavoc ultra instinct say mean reversion in progress…:smiling_imp:

a7392a11ddab3cc12dbd497c6014a9cc19d28f3d_1_625x500

26 Sept 2019
0104HR SGT
Symbol : EURJPY
Action : Short
Lot : 0.08
Open : 117.982
Target : 117.919
(manually closed at 117.925)
Stop : 118.121

Trading Day 41 (26Sept 2019)

26 Sept 2019
0758R SGT
Symbol : EURJPY
Action : Short
Lot : 0.01
Open : 117.957
Target : 117.901
Stop : 118.101
(Manually closed at 117.989)

26 Sept 2019
0758R SGT
Symbol : EURJPY
Action : Short
Lot : 0.01
Open : 117.957
Target : 117.851
Stop : 118.101
(Manually closed at 117.989)

26 Sept 2019
0950R SGT
Symbol : EURJPY
Action : Long
Lot : 0.02
Open : 117.992
Target : 118.101
Stop : 117.799
(Manually closed at 117.848)

I changed my mind, and decided to go long instead, as i feel that price seem to be moving up, a pullback might be in play. Receding bearish awesome oscillator histogram is showing bullish sentiments at the moment.

26 Sept 2019
1602HR SGT
Symbol : EURJPY
Action : Short
Lot : 0.05
Open : 117.848
Target : 117.699 (hit target)
Stop : 118.021

Another close one today :sweat_smile:, manage to close my long EURJPY In time and double down a short EURJPY. Looks like my initial opinion about EURJPY was right after all.

Trading Day 42 (27 Sept 2019)

27 Sept 2019
0224HR SGT
Symbol : EURJPY
Action : Short
Lot : 0.02
Open : 117.793
Target : 117.659 (hit target)
Stop : 118.001

27 Sept 2019
0224HR SGT
Symbol : EURJPY
Action : Short
Lot : 0.02
Open : 117.791
Target : 117.569 (hit target)
Stop : 118.001

27 Sept 2019
1148HR SGT
Symbol : AUDNZD
Action : Long
Lot : 0.02
Open : 1.07357
Target : 1.07441 (hit target)
Stop : 1.07099

27 Sept 2019
1148HR SGT
Symbol : AUDNZD
Action : Long
Lot : 0.02
Open : 1.07357
Target : 1.07531
(manually closed at 1.07426)
Stop : 1.07099

27 Sept 2019
2128HR SGT
Symbol : AUDNZD
Action : Short
Lot : 0.02
Open : 1.07370
Target : 1.07229
Stop : 1.07521

Late dinner

Trading Day 43 (30 Sept 2019)

30 Sept 2019
1041HR SGT
Symbol : GBPCAD
Action : Short
Lot : 0.02
Open : 1.62668
Target : 1.62559
Stop : 1.63201
(Manually closed at 1.62792)

30 Sept 2019
1041HR SGT
Symbol : GBPCAD
Action : Short
Lot : 0.02
Open : 1.62668
Target : 1.62379
Stop : 1.63201
(manually closed at 1.62792)

30 Sept 2019
1559HR SGT
Symbol : GBPCAD
Action : Long
Lot : 0.04
Open : 1.62791
Target : 1.62881 (hit target)
Stop : 1.62499

30 Sept 2019
1559HR SGT
Symbol : GBPCAD
Action : Long
Lot : 0.04
Open : 1.62781
Target : 1.62881 (hit target)
Stop : 1.62499

30 Sept 2019
1559HR SGT
Symbol : GBPCAD
Action : Long
Lot : 0.04
Open : 1.62786
Target : 1.63001 (hit target)
Stop : 1.62499

1st Oct 2019
0345HR SGT
Symbol : EURJPY
Action : Short
Lot : 0.01
Open : 117.857
Target : 117.799 (hit target)
Stop : 118.001

1st Oct 2019
0346HR SGT
Symbol : EURJPY
Action : Short
Lot : 0.01
Open : 117.856
Target : 117.699
(Manually closed at 117.837)
Stop : 118.001

1st Oct 2019
0346HR SGT
Symbol : EURJPY
Action : Short
Lot : 0.01
Open : 117.856
Target : 117.599
(Manually closed at 117.837)
Stop : 118.001

Trading Day 44 (01 Oct 2019)

01 OCT 2019
1930HR SGT
Symbol : AUDNZD
Action : Long
Lot : 0.02
Open : 1.07618
Target : 1.07651 (hit target)
Stop : 1.07459

01 OCT 2019
1930HR SGT
Symbol : AUDNZD
Action : Long
Lot : 0.02
Open : 1.07610
Target : 1.07721 (hit target)
Stop : 1.07459

01 OCT 2019
1930HR SGT
Symbol : AUDNZD
Action : Long
Lot : 0.02
Open : 1.07614
Target : 1.07801
(Manually closed at 1.07693)
Stop : 1.07459

01 OCT 2019
0303HR SGT
Symbol : AUDNZD
Action : Short
Lot : 0.04
Open : 1.07356
Target : 1.07219
Stop : 1.07651
(manually closed at 1.07502)

Trading Day 45 (02 Oct 2019)

02 OCT 2019
1131HR SGT
Symbol : AUDNZD
Action : Long
Lot : 0.06
Open : 1.07502
Target : 1.07601
Stop : 1.07249 (edit to 1.06999)

02 OCT 2019
1131HR SGT
Symbol : AUDNZD
Action : Long
Lot : 0.06
Open : 1.07502
Target : 1.07701
Stop : 1.07249 (edit to 1.06999)

02 OCT 2019
1332HR SGT
Symbol : AUDNZD
Action : Long
Lot : 0.06
Open : 1.07385
Target : 1.07441 (hit target)
Stop : 1.07249

02 OCT 2019
1333HR SGT
Symbol : AUDNZD
Action : Long
Lot : 0.06
Open : 1.07392
Target : 1.07491
Stop : 1.07249 (edit to 1.06999)

I have merged all my AUDNZD Longs into a one 0.18lot position. At 1903HR i gave up hope, and hedge my AUDNZD Longs with a 0.24lot Short AUDNZD position. All stop loss and target removed as well. I will have to monitor this hedged positions and play by the ear.

Trading Day 46 (3 OCT 2019)

Somehow, i lost control of myself yesterday. Bailed out today. Calmed myself down. I will start out afresh… My mood is rather nonchalant. :neutral_face:

Whoever say trading is easy would be a piece of :poop:

As you know from our talks, this is the only thread I look at anymore on BP and I know I did say I wouldn’t comment…but…:slight_smile:

I think you are demonstrating two very important issues for others here who may be on the same journey.

Firstly, although people often devote perhaps 90% of their attention to their method and entry signals and only 10% to managing their account balance, it should be the other way around. You have returned to your opening balance in one day already twice in this thread due to over large risk-taking. This should never happen. Focus should be 90% on your account management and 10% on your method - which is still ticking along just nicely - but you are not getting the consistent results from it.

Secondly, short term day-trading can work, but it demands intense concentration and strong emotional stability in order to work consistently. People often, mistakenly, think that day-trading brings profits quicker and larger than longer term trading. But the hare and tortoise have already proven that this is not necessarily always the case.

As you know, I am really wanting to see you succeed with this and I am as disappointed as you when I see such mishaps, but, really, with your current account balance should we really be seeing daily swings of amounts like $700 and $300?

End of nag and best wishes for a more sustained future with this! :+1:

2 Likes

Actually, i was on call for my hospital for 5 week straight. Got one week of rest thereafter, which was last week. This week i am on call again. Overworked , office hour i’m working, after office hours, i’m on standby, got a couple of call back this week. I was exhausted, my entry got looser. Too tired and lazy to analyse carefully. Mood got the better of me. The rest is history… Anyway, just have to start over again… i’m going to sleep now. Seriously lack of sleep… thanks for popping by… i done with trading this week. Need a break. Will start trading again next week. :zzz::zzz::zzz:

1 Like