8 jul 2011

So Its Friday NFP -- What a Day

1 comentarios
Hello nice waited NFP day, the things hasnt been very good But I´ve learned a lot, and I saw that my systems worked very well, It was me not the system who failed.


The first trade came of a Short USD/CHF:


This trade was a Spring in a relative S/R zone, Ok the price went to the first support but I managed it bad and put BE quickly. (I saw some bars showing strengh). Then after some more strengh came I didnt took the long. Have to revisit my plan on this kind of trades.

------ Trade NÂș 2

This one is funny because I readed the market well, I saw some buying going on Above a Structure point and decided to buy expecting the news of CAD and get a rally. The idea was good, but then the News came good as expected but I saw some BIG SELLING on the Futures and Spot m15.



I convinced my self to wait and see the news instead of Close the position to that vert typical move from the SM (Selling to good news), and I didnt move my SL also.

Anyway Im learning from writing this now, so I really won something more interesting than the pips today :)

6 jul 2011

Euro kaboom?? I took the spring..

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Hello This trade, is one I finally proud of the execution, I entered in the right place. After all dumb day, The bad news about Portugal enter and the Price in Euro/Usd 70 pips, In late US-Session the volume was very High, VSA was calling VSA signals and then I saw the posibility of trading a "Spring", the thing is I was looking for a Shakeout after the thing I saw as Accumulation, so that with the kinda volume decided to enter.



My theory was to use the posibility of a Shakeout to gain 300+ pips, with my Second lot (1st was put on the first S/R). The initial SL was 10 pips, Then I moved it to -3. Well you can see the results this time it didnt work, But I least I had follow a trading idea.

5 jul 2011

Bad Trigger or Bad Background or Bad management?

1 comentarios
Hello today I made a real trade on EU, I saw signs of accumulation and enter the trade on a M5 trigger.

Here you can see the accumulation:




Now here you can see the trigger:



Also I didnt was awared of something when I entered, and this thing was the near background in terms of S/R, etc...





Point A: Is the nearest S/R, and I could have exited half of the position for a 1/1 R:R.

Point B: That was more Interesing because We were on a Downtrade mode on, because of the imposibility of making Higher Higher, and broking the Low of A a new Lower-Low was mande, So I could Have been Looking for Shorts If I was looking at price action only. But that seemed accumulation on m15.


Lessons Learned:
Work your charts before the trade
.
Learn to take profits early if we are Counter-Trend.
Not trading When you dont have the best traders.

1 jul 2011

Friday 1th July!

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Hello! This is Friday we had our first session with Richard Seegers, pretty nice guy and seems a very good traders too. I took a trade with him and went well but Im not going to post it because I dont know already why he made it, But I took I nice trade afterwards.

The trade was:



There was weakness in the near Background +1, Also just above a Structure Point +1, Also the were "very bad news for the pair" +1.

Lessons I took, I should enter this type of trade with multi-lots, I preferible use multiple SL too, and probably take the this kind of trade when my dark passanger is telling me to :) (my unconsciousness).

Well have a nice day

30 jun 2011

3rd trade

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This one, was another 0,1,2,3 Pattern.

Daily was confirming because we have made a Higher High, So I like it.

2 timeframes working together. :)

2nd Trade. GBP-USD revenge trade

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My 2nd trade, was near a revenge trade, but was still a better trade than the 1st, It was GU (better spread), and a better pattern, but still not good enough, for the bars that were comming and the SSI signal, this one worked a little better and was +10 pips in profit.

Also the pair made the type of trade that is to rally 100 points + in the same day and rebound for s structure point, in this case worked but I didnt took it. Maybe I could accumulate a little because the pair showed signs of accumulation.

1 Trade Total failure :)

0 comentarios
It has been a 0,1,2,3 pattern trade on GBP/JPY m30. Not like a lot of things about the pattern, anyway I trade it.

First the H1 view give us some bad news, A downtrend line that was contrarian to our buy and it worked, The strange thing happening between the Bid and Ask and, and the near touch of the trendline that happened yesterday, just take a look:



If we take a look to M30, we can see the Volume that appears as the price aproach the trendline not favour the trendline support:



Also I could find a better trade to the downside with the help of an structure, and the downtrend.

Things I have learned:

- Put SSI into my plan, pick the extremes between AUD,EUR,GBP. Not trade against the extremes.

- Beware of the Spread of some pairs, not trade it unless the SL= 10*Spread.

Total = -3,5%