Shik moves from min to hrs

[Shikamaroo]

Hi I am a magnificent trader who knows how to lose money slowly. Well maybe not magnificent. I've been trading 3 years now but I still cant seem to maintain an online journal for more than a month. So, here i go again.

Technique:
4 hour chart
I draw a trend line (TL) connecting 2 lows or two highs and attempt to take an entry the third time the line is touched.

specific entry Long : break of the first candle (5 min time frame shhhhhh) after the TL that has a higher high and higher low than the previous candle. (reverse for shorts)

Money management:
Take off 1/2 position when profit = risk
Go to sleep

Stops and targets:
Stop below the last high or low before entry (20 or so pts) greater than 40 pray 4 retrace
Target 120 or the closest SR 100 to 120 pts away

Time spent trading this way, 2 weeks and counting. How i traded b4? 1 min charts. Why am i writing this? stupid gbp turned around. When's the next post? when i get another entry. Why I still trade? I'm an addict, it feels right, dont wanna do nething else, it's step one of the master plan, i do not yet concede defeat, it's a whole lot of fun, cant think of a better job/proffession, I want to get lazy and fat, well fatter.

 

[Shikamaroo]

the prayer begins. Long usd jpy

 

[Shikamaroo]

went long on gbp usd too. when it gets stopped out i'll retry this one.

 

[Shikamaroo]

GBP/USD entries.

Here we can c the main reason y i am yet to keep a journal more than a few pages (2 losers to start him off). If my English teachers could see me now. "smh. lol i did it again"

 

[Shakone]

Entering on the 4 hour, but exiting on the 5 min? Or is that where your stops where? Also, was USDJPY a loser? Looks like it worked out ok from when you entered.

 

[Shikamaroo]

the USD JPY still open with full position (was away from pc) doing poorly now.
I put the 5 min chart up since i wanted to show where the entry point and stop were (previous low).

 

[Shikamaroo]

the jpy ended up losing. i didn't trade on Friday due to NFP. journal alive after 1 week. hooray!!

 

[Shikamaroo]

gbp/usd last night

wasn't too sure about this entry but what do I know?
I couldn't cut 1/2 when it got to BE since i was asleep so it's a full win.
I needed that after last week. 120 pip win:clap::clap:

 

[Shikamaroo]

lost 22 pips on GBP USD
I was also long AUD and still am so I'm hoping a bit. 1/2 risk should be off but it isn't since I stepped away. will post a chart when it's closed.

 

[Shikamaroo]

Aud Usd today
It's been a long day! I cut 1/2 finally and i'm still hoping for a positive outcome.

come on ppl root for this trade. If it goes up I'll also be closing in on the top 3 in this weeks T2W competition. lol

Come on Aud Usd go to 1.0732:clap::clap::clap:

 

[Shikamaroo]

LOL. Wayyyyyyyyyyyyyyyyyy, I just opened my platform and taught aa, better than expected, 40 pips up. 1 sip of tea and i nearly swallow my tongue. nothing to do but watch. lol. net evens on that trade. lol.

I know y it happened tho, it's vengance for that gbp trade on monday

hmm, now I cant win T2W comp this week
still cant help but laugh.
i swear, I put out my hand to catch it

oh and on another note, that's the fastest i ever lost 70 pts on a trade in my trading career (and i used to try to scalp non farm payrolls).

 

[Doomberg]

Hey interesting journal

/subscribed

 

[Shikamaroo]

Thanks for the interest Doomberg.

Well no trades today as i took the decision not to go long on the EUR USD. I don't expect to have any trades tomorrow as I don't have any actionable lines. Actually E/U still in play kinda.

2 weeks online Oh yeah!! :cheers::cheers::drunk:

 

[Shikamaroo]

It's monday morning and I'm short the ranging aud/usd. I dont like this pair cause it hasn't given me a profitable exit yet. just a bunch of losses, break evens and almosts. I made a mistake today and took the entry off of the 15 min timeframe so my apologies. One good thing though, I'm still treating the 1 min chart like poison.

 

[Shikamaroo]

15 min aud/usd

I am now in a free trade and hoping for the best. come on money go up! I need an aud winner
i forgot to submit the post so now he's doing poorly

 

[Shikamaroo]

I'm trying to short AUD/ USD again. I wonder when i'll see the light at the end of the tunnel.

 

[Shikamaroo]

AUD USD

well I am fed up of not getting my just deserts on this pair so this time I cut half and moved my stop to BE. That means that this pair has paid for one of its losers

I'm off to bed now so here's hoping for the best and expecting the worst:cheers:

Oh also I closed 1/2 at 2 times risk on this trade. I feel like a newbie all over again. :whistling

 

[Shikamaroo]

that AUD/USD knocked me off hovered a little then ran off like a "i cant say it here" leaving me to say I knew it! oh well, "wah u go do", that's trading for you. On another note, today was a lucky day off as E/U and G/U would have recorded a loss each for me.

 

[Shikamaroo]

NZD/USD

the only line i had today after that crazy fall yesterday. I cut half at 2 to one and moved to break even again. at least I locked in some profit. Not sure if this is good or bad, but too many times I have had 80, 60, and 40 points and ended up with BE. (8 times)

Come on USD fight like a man Target is 0.8086
I know I said I'd go to sleep after BE, but I just woke up. wonder what's new on the tube

 

[Shikamaroo]

I appologize. I tried to cheat by trailing last night instead of sleeping. I saw the market get to within 4 pips of my target so i tried to lock in some funds. I moved the stop to 0.8037 (50 pips locked in). I waited and my eyes turned red. the market retraced and i got stopped out. I was happy, I went to sleep and now find that the market reached my target. Still made better than 2 to one on that trade so still smiling

tune in Next week as I attempt to keep this journal online for yet another week.
total trades this week 3. hours spent in trades 29 hrs 43 min
actual gain $12.24
potential gain $22.60
Grade C room for improvement. Good thing these days ppl get rewarded weather they did good or bad. Think i'll treat myself to a jumbie biscuit but no beers