Friday Result

No News, Quiet US Market, Soared EUR. No Reason to short really.

Friday always been my cautious day. First, the movement different from other day. Second, it's very painful to close the week with red.

Net Result:

7E = +10 ticks

6E = +4 ticks (not shown)

Waited one and half hour for twenty ticks is not a typical day to trade aggresively. Closed the week with small profit. Enjoy the weekend, and forget bout market for a while :)

THURSDAY = FIRST DAY PHASE 2

6B = 0 ticks

7E = +16 ticks

First day started with chopped-chopped as usual. And sometimes I added 1 contract with no luck. My strategy is scaling up at working trades. Not moving to 6E yet, but prefer 7E 2 contracts. 6B entered first contract and no reason added another one until it came back on par and no flipped.

7E actually had nice short (mistype at chart) and saw the inverted H&S. First I thought it's failed. But suddenly price broke the neck and I got out with small losses plus flipping. No chance to enter 2nd trades and price already soared. Sold it at 36 with nice 46 ticks.

Summary:

Tired of being early chopped almost every day. Today's better than yesterday. My scaling up strategy failed today. But I still don't have guts to trade 2 contracts directly.

Update: 200 ticks Breached!!

6B = +3 ticks

Accumulation = +201 ticks

Decided to fight my mental barrier, strived for 3 ticks. One Month Objective formally Complete Today :)

Plan for Next Phase:

1. Not directly with 2 contracts, but more with blended contracts. Means there'll be no one contract (6B) traded from open to close.

2. If Accumulation closed below 200 ticks, then back to the phase one. 200 ticks will become the new support.

3. Every tick gain will be treated as two contracts in play. Every $$ I made will converted to ticks and divide to two (except 6E,6J, and 6A)

Wednesday Result

M6B = worth -2 ticks

7E = -13 ticks

6A = +32 ticks

Total = +17 ticks

Acumulation = 198 ticks

M6B was just an failed experiment. PT just 3 ticks too high and SL 5 ticks too high. One of them okay, then I'll made 20++ticks.

7E, another chopped chopped day. My biased told me to get long, but no biased here. Enter short-long-slipped-short-long. So confusing, and down around $300 before last trade took off. Slow movement made me sick so I got out too soon.

6A, I took the bottomest bottom of the candle. Not even 1 tick lower. Riding it, stalled at 0.9730-ish. Planned to got out at least 43, but worried it's already at top of channel. When EUR soared, the AUD stalled. Got out 0.9740 and it took off to 0.9755. I think the AUD need more time to think before it moved.

Ticks remaining = 2 ticks left. I think it's my mental block to avoid reaching target today. That's fine. I have next day hopefully. Overall a very good market to trade. I just getting in too soon. If I just entered at 03.00 am EST, I might fulfill my 200ticks today.

Tuesday Chop

7E = -14 ticks

6B = +35 ticks

Nett = +21 ticks

Frustrating movement from all three majors. No move further than 15 ticks. Made one mistake when the 7E infamous slippage appeared. But one time also saved me from stopped out spike. Called it even.

6B also become living dead, until I long 1 min before PPI news. Lucky I was not stopped out when spread widened. Lucky again price soared after news. And another lucky got out around high. Really, when I typed this the price finally moved....Timing...timing...

Total acumulation for the month = +181 ticks

Notes for improvement:

Dunno what, the price were dead, I still kept my cool, mistakes, well happened all the time. Maybe should more patient waiting the price moved.

Still Looking Breakout Filter with no luck !!!

Monday Early

Looked at the movement, more than 60 ticks drop from GBP. Sigh...

Got out, afraid of double bottom. It was, before it broke and dived another 30 ticks

I was wrong about bullish prediction :)

EUR = chopped early but then dive

GBP = weak but also chopped early

AUD = living dead

Seemed to me Monday is not really my day.

GBP = +20 ticks

AUD = +3ticks

Thursday Scratch

Saw narrow opportunities, entered and gain +6 ticks. Even in Bank holiday, there're some opportunities worth 10-20 ticks per signal.

6E = +6 ticks

Accumulation : +105 ticks

Summary:

Today's trade surpised me. Less noise, crisp signal, solid trend. Not much movement but very tradable. Tomorrow will be a cautious day due to 'Between Holiday' Day and G20 Meeting. Expect a more decent result. Planned to trade cautiously, entering at deep pullback at 2nd faked.

Surprisingly have a nice ticks for the last 5 days. If I breached the 200ticks spot before end of month, I'll move to the next phase. :)

Wednesday : Old Habit

Today should be a great day to trade. I start with high expectation and chopped out into pieces. I was down -78ticks before recovered again. I leveraged my position to recover. Up around +2oticks entered the 6A trade. Another chopped out again :(

I was not entering every signal but every signal I took sent the wrong move and vice versa. My last 6B trade waited for major news with breakeven position. Almost stopped out and suddenly the price soared!!! This was lucky trade but not fully lucky since the signal appeared after the news.

My old habit striving to win came again and downed me to big losses. I was just lucky with the recovery trade, also not entering every entry, not flipping, not re-entered cost me money.

Using 6E trade should be forbidden until I reached 200ticks profit. Worse, I used two of it!!!!. That's skipping to phase four!.

No Chart for today's trade. Too much and actually no unplanned-trade, maybe one and cost me just 5 ticks.

Today's result:

6A = -10ticks

E7 = -34 ticks

6E = +52ticks

6B = +34ticks

Overall: +42ticks

Summary:

As expected, Currency moved nicely. Too bad I was chopped out early and loosened a bit with my entry. Next time the big losses may swept me to big ugly red. Should find remedy to conquer the profiting passion. One off the method should swing the price further.

Tomorrow will be quiet day, US holiday and so on may freeze the market. Not mention the G20 meeting. Should trade lightly or better...not trading at all enjoy the life :)

Tuesday Result : Not So Discipline

6B Trade: afraid of missing the action, I tweaked my setup to little aggresive. Switched to 4 Candle Periods. If I was disciplined according to my rule, I may downed -10ticks instead of +21ticks. After stopped out, I thought about my experience of stopped out at exact tick. I entered with the risk of 3 ticks (top of previous candle). The trade worked out, and 2 consequtive days I exited near the top/bottom. Luck involved in this trade.

The real working trade came from AUD which I missed. Not entirely my fault since the setup came at the exact time I started to trade. 30++ ticks surprisingly came from AUD but if I took it I may got out at 15 or 20 ticks at max.

Summary: Another major movement at Aisan Session with Little News especially at US Session. Expecting another dull market at Europe through US, US particularly. But instead there's modest active movement on almost three of them. Not so eager to trade more since no significant news. I might fail to catch if there's drawdown at US session.

Result : 6B = +21 ticks

Accumulation so far: +57ticks

Monday Result

First start with 7E, broke my rule, I started little early. Short after deep pullback. Moved 15ticks my favour, lowered my SL and stopped out. Just part of trading. If I flipped according to my rule also, it moved more than 20 ticks. Too bad I was not buying it.

6B, also not waiting for a faked out. Entered quite high waiting quite long and moved at least to previous' day low. I can sit in my hand long enough not to bail out the slow movement.

6A had nice fake out and moved around 11 ticks. Another missed opportunity.

Still on track, but need more discipline. Tomorrow should be a great day.

Net result for today:

7E = -7 ticks

6B = +28 ticks

Nett = +21 ticks

As expected, not much movement from no news Monday plus big movement at Aisan Session, leaving just fractals at London session. Tomorrow also no big news from US, so trading at London Session will be good. The plan is more aggresive than Monday but not too aggresive than normal days. Accumulation of +36 ticks so far, still on track. Need bigger swing to protect the profit from choppy days.

First Day Of Journey

Start the journey with a nice decent ticks.

7 E = -10 ticks

6A = 14 ticks

6B = 11 ticks

Total = +15 ticks

6A traded as plan. First faked, entry at 2nd signal and exit based on discretionary.

6B traded after Non-Farm Payroll. Volatility forced me to get out fast before price got back to my entry.
Little accident when 7E got filled at the bottom while 6E chart didn't touch it. Cost me 10ticks and worse, unfilled the up-move since the price moved too fast.

Missed two working signal.

First the 6A down-move. Didn't see the wedge already forming and price already moved too far and no pullback.

6B around 1 hour before Non-Farm Payroll. Another faked and nice signal. I was too complacent thinking that there'll be no movement before the news.

Summary:

Good trade, good market condition. I could took more pips if the accident didn't happen and not missing the signal. But overall a decent trade for today.

Monday expect a slow day. Maybe enter on third faked with quick Profit Taking. Have a nice weekend :)