Mickey's Journal

[kiravon]

I'm a bit out of my depth on this one...

I think the news spike might have confused the issue.

I actually have no idea where price will go next but if it
is establishing a new uptrend I would think I might exit
at around the +100 pip mark as that seems to have
been a key level

but really I'm quite blank on this one for some reason

Maybe just wait to see what the market tells us without
assuming anything

6c.jpg

[kiravon]

Of course this could be the long awaited Wave 4
which we don't want to trade

Assuming we are really in Wave 3 which I'm not
sure about at all

But I'm in now rightly or wrongly and am looking
to get out below AIMS below 23% Fib, and ditto
below AIMS below 38% Fib which was around
that 100 pip mark

If it really is Wave 4 then something unpleasant
is likely to happen and I might have to think
more seriously about trading into purple in the
future

As I understand it this should ensure you never
trade a Wave 4

so for someone as EW challenged as me that might
prove to be a very valuable safeguard

6d.jpg

[kiravon]

Switching to M30 we have either a very weak Bearish IB
, or we may have a weak bearish Railway Track pattern.

Quite honestly it isn't looking good at the moment

6e.jpg

[kiravon]

out for -30 and -16

The only lesson I can see at the moment is that I
traded into purple on the H1 and might likely have
walked straight into Wave 4

If so, I would really like to not do this in the future!

[kiravon]

Break of AIMS on EURJPY

6f.jpg

[kiravon]

TP set at 43 pips, SL initially 34 pips but the intention
is to move it to just below upper AIMS at just 5pip SL
- Audacious!

I think trades like this should be profitable over most T20s

Of course we have to be careful with statistics and
percentages, for example I am absolutely not taken
in by the very high profit I made over the summer
5 week period. over 600 pips was encouraging but
two of these wins were around 200 pips on much
higher TFs and they could just as easily have lost so
what I really mean is ten losses on M5 TF followed by two
lucky wins on the H4 TF could give you hundreds of pips
profit but may not mean anything more than you were
just lucky.

As always consistent results are all that counts

6g.jpg

[kiravon]

Looking Good with just 7 pip SL

but anything can happen

6j.jpg

[kiravon]

Locked in +22 pips and SL moved up under red
on LTF. trying to respect red but I think the
game is over for today

6m.jpg

[kiravon]

I don't want to clutch at straws but we're
still hanging in - and I just noticed the Seed on the H1

quietly optimistic

6p.jpg

[kiravon]

Well as we're still in with a small chance
I don't want to push my luck

I think the TP should be bought down
to just under upper AIMS

so +22 pips locked in and +33 if
we hit TP

I honestly don't know if we will make
the extra eleven pips but I feel happy
with the way I've managed the trade,
unlike the earlier fiasco when I was clearly
not in control

6q.jpg