Journal

[predator75]

Sample analysis:

- We have identified three trends, 4h, the 30m and 5m, to get an idea about the market structure. Each of the trends has been painted with a color. The Red 4h 30m the yellow and green 5m.

- They have been found three important levels in price from price action:

The red circles mark the time when the price returns again and again to the same level. That is why it is called RECURRING price level.

Thanks to have found trends, it has been observed that the price is in a situation of breaking of a very important channel, the higher timeframe.

Using the significant levels have been found three possible places where the price can go.

 

[predator75]

Indeed the price falls back on that level, triple bottom pattern and enter:

If there isnt some kind of confirmation by the price simply do not go. Many times have I think it is close to an important level and open operation without waiting for confirmation, having to put a stop loss unnecessarily large, when with a little more TIMING r: r would have been better.

And not only is consistently win, but to do so with attractive parameters for future investors. We live in an era of statistics in trading. You can open the ribcage of a system and inspect each of its variables, it is something that now people want. The TIMING is one of its elements, and of course the drawdown. Between two traders, an investor will choose a drawdown of 9% to 10% profit that not a drawdown of 18% to 20% benefits; at least large capital investors.

 

[predator75]

CAD employment change to half, surely boost the price one way or another. Should close? No, better to use proper risk management.

As there is a possibility that the price explodes, I move the stop loss near the current price. If it blows up, either. If it explodes down perdere very few pips and if not explode, I can always return the stop in place.

 

[predator75]

[url]https://charts.mql5.com/11/782/bcousd-m1-oanda-division4.png[/url] [/ img]


[Img] [url]http://oi63.tinypic.com/153p5xi.jpg[/url] [/ img]

I was continually adjusting the stop but not enough margin there I had a fault. Since my intention was to follow, I re-enter.

Operations do them by oanda, hence the fxTrade.

 

[predator75]

Stop to breakeven:

 

[predator75]

Stop to breakeven.

And I close:

I always expect some sort of confirmation in the price. In this case the double top.

And this is the operation, I will take a tea now..

 

[predator75]

This is what I meant by the timing. 10 more seconds and the operation would have gone wrong:

And now .. I'll rest a little.

 

[predator75]

The timing has not accompanied me on that input for a few pips, but inevitably not be perfect.


trends 4 hours, 30 min and 15 min, with their respective recurrent levels, in this case only one, which has been used to set the take profit are defined:



And here the fault is in the timing:

 

[predator75]

Talking about timing, this double top is too a valid trigger:

Stop loss at break even.

 

[predator75]

And I close. I really shouldnt because it was not closed by the take profit. It is difficult when the operation means the +54% of the Account. I dont have yet the mental skills to treat these challenges, but Im on it.

 

[predator75]

USD JPY to break the major channel (red), it is taking shape perhaps to touch the medium channel's support? There is a recurring area (blue) nearby.


Zooming in, nothing clear yet:

I'm waiting for a response from the price, a pattern, an explosion of some pips up as a sign to start to fall to that level, but as yet does not say anything, Iwait for the moment.

 

[predator75]

Price falls to the level. )I thought in putting a price alarm to myself, but there wasn't a pattern or signal, this operation wasnt worth it.

 

[predator75]

Zooming:

Waiting for the price to touch the yellow support to make a sell.

 

[predator75]

Entering.. 5/10. Timing is lacking.

Im in.

 

[predator75]

I reenter because the pinbar, and close the platform.

I always make a reentry if it's worth , but not more than one, because I might be in a situation where I'm reentering compulsively unawares and lose everything I earned there .

Keep open platform After the first inning, to hunt Possible reentry, but i close the platform after that, because nothing going to change.

 

[predator75]

I thought operating this price formation, the price breaks the tertiary channel (this is how I call the red channel of the three channels drawing. The red channel is TF H4) and returns to the price, is a very typical pattern and in many people who start fails. Not to sell at break, but expect to rise later to sell when it returns to broken support. There's the timing, when it touches the support.

The reason why I have not opened operation, it is because I could not define one of the levels that I call "recurring". Although the price has returned to the support, it has not had that period a recurring noise level seating. It is very similar to the market profile thing. Not having a defined level, it is not to lean; feel no control over the price, it can go up 10 or 100 pips. I can not anticipate where is going to stop or start changing, without defined level, i dont trade.

 

[predator75]

Interesting scenario:

Price breaks the 3 trends (4h, 30m and 5m) so it seems that its overbought.

I am looking for any signal from the price to enter para entrar. Interesting level to close, 1.31, Lets see how to price reacts and if I can enter.

 

[predator75]

Chartism is not outdated:

Although usually looking for them only is an error. Rather, once you know identyfing tops and bottoms, they naturally appear . Notice that , I had not even seen before, but I have identified a market ceiling using other things , and it turns out that there was also a hgh pattern.

I had noticed that double peak ( the second shoulder) at the time when I was looking at the price at that moment , and well could have been a trigger to enter, but I'm being more conservative because I am preparing this account to the public, and I'm interested in good statistics .

Moreover, this pattern was not solid, it did not move near any significant level of price, if he had at least hovered near for example, a psychological price ( 00,000 ) pherhaps it would made me think, but as I'm being conservative, and it dont even happened that, I have not entered .