Hi Folks
Only one trade for me today.
I was able to get this one in before work. I was watching this chart like an hawk. I could see Fridays wave 3 pull back into a wave 4 just giving me a splash of red to confirm I should be waiting for a buy opportunity into wave 5. The price had been tight all the Asian session so was expecting it to spring into action. I got my blue signal so placed my pending order.
Didn't take long before I was into the trade. I could see that I had a TZ1 some sixty odd pips away but I also could see a round number 1.55000 just short about 8 Pips nearer, so from my past experience in trading I was keeping a keen eye on this area of confluence and was ready to manually exit the trade if price showed slowing of momentum and that's what I did. There was a breakout of the 1 Hour chart at the same time the M15 broke out.
This trade returned me 3.2 % for a 1 % risk
Seabreeze Journal
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Seabreeze
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Re: Seabreeze Journal
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Seabreeze
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Re: Seabreeze Journal
HI Everyone
I was only able to trade for a couple of hours in the Frankfurt and London open
After doing a quick scan of my charts the only pair that looked interesting to trade was EURJPY. The reasons being that I could see price was continually being rejected from the Daily open line which was also a round number 133.000 and the purple line was also joining the party. I then got my sell dot, a nice Aims box developed and the AO looked sweet so I set my pending order.
I was soon into the trade and I moved my stop to top of signal candle as soon as 10 pips was achieve when second red candle closed I move stop to BE and a pip.
My Plan was to target TZ1 because I was over due to set off for work other wise I would have tried to squeeze out a few more pips.
Trade gave me 1.5% for 1% risk
I was only able to trade for a couple of hours in the Frankfurt and London open
After doing a quick scan of my charts the only pair that looked interesting to trade was EURJPY. The reasons being that I could see price was continually being rejected from the Daily open line which was also a round number 133.000 and the purple line was also joining the party. I then got my sell dot, a nice Aims box developed and the AO looked sweet so I set my pending order.
I was soon into the trade and I moved my stop to top of signal candle as soon as 10 pips was achieve when second red candle closed I move stop to BE and a pip.
My Plan was to target TZ1 because I was over due to set off for work other wise I would have tried to squeeze out a few more pips.
Trade gave me 1.5% for 1% risk
You do not have the required permissions to view the files attached to this post.
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Seabreeze
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Re: Seabreeze Journal
Morning Guys
I had two trades this morning before the call of work scrapped me away from my trading desk.
Trade 1 GBP?USD
I was a little unlucky with this one, got into this trade and it was a little hesitant at first to go anywhere, then price shot up and held for a while I could see that price was negotiating with the Aims box to the left. Looking back it would have been a good idea to have moved stop to -4 pips at this point.
Price moved slowly to hit the stop for a 1% loss only to shortly shoot up and hit what was my original take profit. Oh Well Next Please.
Trade 2 EUR/USD
I almost missed this as I was in deep thought with the GBPUSD trade. I place a market order on this one. After getting in the price moved quickly and then pulled back I wasn't too worried and let it run until I was out of time in the end as I had to se off for work so closed the trade for a 1,7% gain for a total of .7 % gain on the day Looking at the chart I wouldn't be surprised if it hit TZ1, but I would rather cut the trade when I am not there.
I had two trades this morning before the call of work scrapped me away from my trading desk.
Trade 1 GBP?USD
I was a little unlucky with this one, got into this trade and it was a little hesitant at first to go anywhere, then price shot up and held for a while I could see that price was negotiating with the Aims box to the left. Looking back it would have been a good idea to have moved stop to -4 pips at this point.
Price moved slowly to hit the stop for a 1% loss only to shortly shoot up and hit what was my original take profit. Oh Well Next Please.
Trade 2 EUR/USD
I almost missed this as I was in deep thought with the GBPUSD trade. I place a market order on this one. After getting in the price moved quickly and then pulled back I wasn't too worried and let it run until I was out of time in the end as I had to se off for work so closed the trade for a 1,7% gain for a total of .7 % gain on the day Looking at the chart I wouldn't be surprised if it hit TZ1, but I would rather cut the trade when I am not there.
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Last edited by Seabreeze on 04 Nov 2015, 17:24, edited 1 time in total.
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immy
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Re: Seabreeze Journal
GU, was waiting for NEWS later. So I won't trade News before 9.30 news. moreover, th structure on GU H1 was not as good as it was on EU H1
EU, was my choice as the structure on H1 was good for it. M15 had still not hit TZ1 so there was room for movement.
well done
EU, was my choice as the structure on H1 was good for it. M15 had still not hit TZ1 so there was room for movement.
well done
What is the Secret of Successful Trading?
The Consistent Pursuit of DS1
The thing that makes me money in trading is when I "Objectively Follow my Trading Plan".
I understand that I can't catch all the moves or all the signals but my objective is to catch THE VALID SIGNALS & ONLY the Valid Signals.
My Deathbed Advice "5:1 Reward to Risk Ratio".
Yo, banana boy!
The Consistent Pursuit of DS1
The thing that makes me money in trading is when I "Objectively Follow my Trading Plan".
I understand that I can't catch all the moves or all the signals but my objective is to catch THE VALID SIGNALS & ONLY the Valid Signals.
My Deathbed Advice "5:1 Reward to Risk Ratio".
Yo, banana boy!
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Seabreeze
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- Posts: 113
- Joined: 02 Oct 2015, 12:12
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Re: Seabreeze Journal
Evening Immy
Thank you for your comments and Yes looking back at charts I completely agree with you , I just need a bit of fine tuning and wish I had a bit more time available this morning to squeeze a few more pips out of the Euro.
Thank you for your comments and Yes looking back at charts I completely agree with you , I just need a bit of fine tuning and wish I had a bit more time available this morning to squeeze a few more pips out of the Euro.
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Seabreeze
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- Posts: 113
- Joined: 02 Oct 2015, 12:12
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Re: Seabreeze Journal
Evening everyone
Didn't get chance to trade today due to a long day of boring meetings and looking at the charts from this morning looks like I missed some action, Oh well always another day
Didn't get chance to trade today due to a long day of boring meetings and looking at the charts from this morning looks like I missed some action, Oh well always another day
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Seabreeze
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- Posts: 113
- Joined: 02 Oct 2015, 12:12
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Re: Seabreeze Journal
Hi Guy
Just signing in to say that I didn't trade today, because it was first NFP day with Aims and sat on the side lines to watch how Aims reacted to the markets. Have a great weekend everyone.
John
Just signing in to say that I didn't trade today, because it was first NFP day with Aims and sat on the side lines to watch how Aims reacted to the markets. Have a great weekend everyone.
John
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immy
- Founder
- Posts: 9654
- Joined: 22 Nov 2010, 16:46
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Re: Seabreeze Journal
I hope you liked such reactions!Seabreeze wrote:Hi Guy
Just signing in to say that I didn't trade today, because it was first NFP day with Aims and sat on the side lines to watch how Aims reacted to the markets. Have a great weekend everyone.
John
What is the Secret of Successful Trading?
The Consistent Pursuit of DS1
The thing that makes me money in trading is when I "Objectively Follow my Trading Plan".
I understand that I can't catch all the moves or all the signals but my objective is to catch THE VALID SIGNALS & ONLY the Valid Signals.
My Deathbed Advice "5:1 Reward to Risk Ratio".
Yo, banana boy!
The Consistent Pursuit of DS1
The thing that makes me money in trading is when I "Objectively Follow my Trading Plan".
I understand that I can't catch all the moves or all the signals but my objective is to catch THE VALID SIGNALS & ONLY the Valid Signals.
My Deathbed Advice "5:1 Reward to Risk Ratio".
Yo, banana boy!
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Tomi
- AIMSter
- Posts: 954
- Joined: 08 Jan 2012, 19:21
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Re: Seabreeze Journal
To my experience NFP days are just normal fantastic days at least during London open. Towards NFP release market tends to settle down and wait for the news, but London open time is purely tradeable. Setup is a setup and it's there to be traded.Seabreeze wrote:Hi Guy
Just signing in to say that I didn't trade today, because it was first NFP day with Aims and sat on the side lines to watch how Aims reacted to the markets. Have a great weekend everyone.
John
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Seabreeze
- Free Member
- Posts: 113
- Joined: 02 Oct 2015, 12:12
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Re: Seabreeze Journal
Fantastic Immy well done (wd) Yes I can see the message here and the message is DRUM ROLL ....Trade In The Nowimmy wrote:I hope you liked such reactions!Seabreeze wrote:Hi Guy
Just signing in to say that I didn't trade today, because it was first NFP day with Aims and sat on the side lines to watch how Aims reacted to the markets. Have a great weekend everyone.
John
Have a great weekend