Gilbanks Journal - Picture trades

[sean7725]

Had a nice stress free trade in USDCAD this morning.

Made 20 pips.

[sean7725]

we'll see if it pushes hasn't yet after 15 mins so might take a small loss.

[sean7725]

My 10 pip SL was hit

[immy]

Hi Sean

Its good to see your trades. Thank you for sharing them. I'd love to see a summary or your trading plan posted in the first post. A bit about yourself won't hurt either. Hope you utilise this opportunity in life to your advantage. peer review is one of the best way to improve our skills!

all the best

[sean7725]

Thank you Immy

Your strategy has made me more patient just sitting on my hands until a right opportunity arises.

Also taking pictures and posting them here is a great idea.

Sean :-h

[sean7725]

I took a long position in GBPUSD

The reason behind this trade was on the 5M time frame there was a smooth movement to the upside with a sideways consolidation, so I looked at the 1H chart and I saw a maroon bar - So I placed a buystop just above the aims box.

This trade hit my TP at 17 pips - I chose 17 pips because I looked at the individual bars on the 1H chart and the average was around 20 pips so I set the TP a little under.

[sean7725]

Here is another trade I just finished on USDCAD.

This was the same setup as the GBPUSD trade just as a sell setup instead of a buy.

There was a nice smooth movement down with a sidways consolidation. The 1H chart had a Dark Green ewaves bar - so I placed a sellstop.

I set my TP a little higher then yesterdays low.

As you can see on my 1M chart picture I set a really tight SL because the price hit the monthly pivot and ADR bottom line so I wasn't sure how price would react if it would bounce or cross through nicely.

Price bounced and hit my SL with a 12 pip profit. :-bd

As I am writing this USDCAD broke through and is testing yesterdays low.

[sean7725]

Just finished another trade on GBPJPY

I got an eWaves crossing the 0 line to the upside alert so I checked the 1H and it was showing a lime green bar on the eWaves indicator so I waited about 10 mins for a consolidation and got a down bar on the 5M so I placed a buystop.

The trade was triggered and went up about 2 pips and stalled a doji was formed on the 5M chart so I tightened up my SL and about 10 mins later my SL was hit with a -1pip

[Nikita]

Hi Sean. Would a bit more clear if you share you trading plan/ your approach. What are you trading - S1/cherry/seed/fruit..?

[sean7725]

Hi Sean. Would a bit more clear if you share you trading plan/ your approach. What are you trading - S1/cherry/seed/fruit..?

Good Morning Nikita

I believe it is the cherry and also the seed setups I am looking for on the 5M with 1H confirmation.