hi, i am pretty new to journaling and decided to start up my own journal on babypips to discuss my thoughts and ideas for different trading pairs. I will mostly look at EUR/USD. Feel free to give and constructive feedback, criticism or thoughts of your own as it helps all of us 
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My first trade to add to the journal:
Today we are looking at EUR/USD…
First thing I always ask myself when taking is a trade is where market structure is? I identified that market structure is in a down trend.
I next draw my SNR up externally looking at the highs and lows for current trend to gain an external point of view… 4H
When looking at trends it’s also good to gather perspective of where a reversal may occur. We can find this by looking externally on a previous HL since we are in down trend we can call this CHOC
Now we have gained an external point of view of the market and its trend it’s now to look internally to see how market is forming and behaving. 1H
looking at current market structure internally we can draw up SNR and gather advice from the left side of market were previous levels were created.
Currently we can see that a liquidity sweep was in fact created on the 18th which we can use as previous residence and target the low for support.
Right now market is heading for the internal resistance level we’re $$$ sweep occurred, this may be a potential sign to look for a trade. We have to keep in mind that market can only go two ways up or down. We need to keep this in mind as it reaches our SNR and evaluate whether a breakout may occur or if it may respect this level, we have to be patient and gather other advice on why this may reverse/breakout.
As we can see from 1D we can see a TS forming at our resistance level indicating that market may respect this level and head to its current direction. I’ve taken a trade based on these factors. When we take a trade we should never do it intuitively and always be confident with our system
Thank you
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As we wake up and return back to the market results are here.
It looks like overnight during NY & London session market has hit TP and shot passed hitting our external support level we drew up on the 4 hour TF.
Looking at price action and paying close attention at the down trend we can see that the candlesticks show extremely strong seller sentiment as majority of candlesticks going to the downside display long wicks at the bottom and little to no wick at the top showing the downtrend’s strength. Following this down trend may be a good idea perhaps, let’s see what happens whether we have a reversal or continuation
SL - 8 pips (above SNR)
TP - 34.4
RR - 4.65
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Hi everyone who is viewing this, just wanted to share my backtesting results for today.
Just remember it is okay to fail and losing is apart of life it’s just we have to make sure that we learn from our mistakes to become better
My WW is 68% which to be honest I was probably lucky in some trades however
I used proper analysis. My WW varies between 60+. This is quite interesting to know because even though we may follow the same strategy and apply the same methodology over and over it is actually other factors that contribute to us losing or winning…
For instance psychology whether it be being patient and waiting for the right time take a trade and not chasing after a trade.
I have to admit I lack patience sometimes when trading and do chase after trades when I shouldn’t this leads me to failing, however I acknowledge this and I am trying to work on it.
Thank you for anyone who’s reading this
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Hi everyone,
Going back to that talk about the current state of eur usd and talking about its strong down trend.
I took notice of this and deicided to draw up a OTE from swing high to swing low. As we can see market has tapped into this golden level signifying us to take the trade which we have.
We have set TP for external support to ensure greediness does not get the better of us, currently this looks good however we don’t know what will happen.
SL 4.1 pips
TP 8.6
RR 2.1
Remember to always refer back to external!!!
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Update….
We had a loss. This is okay and it is apart of the game and in life, most important thing is to learn from them.
My mistake-
As we can see market is confused and has produced little to no sentiment to head back to its previous TP level. We can also see this as liquidity being generated.
Despite engulfing candles heading to the upside I decided to stick with the trade and became greedy.
I should have exited at the low. Or first of all not even taken the trade as just relying on OTE and then seeing lots of liquidity and market confusion is not great.
If any one has any comments to why I lost this would be super appreciative.
Take care
hi everyone.
today we are looking at the past two days of EUR/USD as the week comes to an end.
Currently my thoughts are that the market will continue to be Bearish but i wont be surprised if it does return to a bullish market.
BEARISH
- Currently looking externally market structure identifies a down trend of course creating HH & HL. Currently market is near a minor SNR identified internally.
- Now market can either retest this creating the HL and create of course a new LL or it can breakout through this minor level and retest the stronger internal resistance level. Paying attention to PA sells still look extremely strong. However lets look why it may turn bullish
BULLISH
- Externally looking to the left of the market we can identify an old support level which may lead to the market reversing into a bullish direction.
- Additionally looking internally we can see that a CHOC has been breached however, externally this is not the case so this may not be a valid point to say.
i believe that this trend will continue down!
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update hi everyone,
appears internal resistance has been broken leading to CHOC to breakout. This means a reversal has occurred. This is why paitence is key. We could have chosen to short however, we waited untill market conformation.
this could be a potentail long 
once the old resistance level which becomes support is touched
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Welcome to journaling! Focusing on EUR/USD is a great choice. I’ll be sure to check out your thoughts and share feedback. Looking forward to learning together! 
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update
Currently market is ranging. Externally, we are looking for a CHOC to occur then we can take a long position. Right now we are at a level of support, however, CHOC i needed to identify reversal in market. This is one of my biggest issues, which is patient. Sitting her waiting for market to form can be diffucult sometimes.
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update
Hi everyone,
Patient is extremely rewarding.
We have got confirmation of CHOC occurring currently, externally we have produce H HL and my prediction is HH. However, currently there is a resistance level standing around 1.8717 were levels of liquidity are being generated as we can see internally (1hr) market respects this level which has created this HL to occur.
Lets see what happens. I am predicting that market will grab that previous level of liqudity were resitence level is and create a breakout
Happy trading
just realized news comes out becareful this may lead to shorts causing SL to be hit
UPDATE
we won!, this is why being patient is important
1:4 RR!
SL 10pip
TP 23.9 pip
As we can see we waited for CHOC to occur which occurred by the big engulfing candle smashing through it. Overnight pullback occured.
Using OTE you can identify entrry however, Liquidity can also signify this entry.
We took this trade and targeted the current resistence level were liquidity was found making it an effective target.
lets see what happens if breakout occurs or if price respects this level
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Well done!! You can keep repeating the same pattern. 
This is one of EURUSD’s pattern you need to know closely. Look at where the position happens in D1/H4. How it looks in lower TF. 
Keep it up!!!
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Thank you this means a lot i appreciate it alot
i will analyze how this looks on 4HR and 15 min/ 1hr
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hi @TYGMedia, i just found the same pattern when back testing.
Set SL under liquidity because grab may occur which it did. then targeted previous level
Hi @tomo22, yes, it’s common pattern in EURUSD, you can compare to other instrumens, they will be looked the same, but some will reach above or bellow liquidity zone. So applying the same technique as in EURUSD will be hard.
Different instrument, different strategy is needed
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okay thank you Ill take a look at some other instruments.