TJ's Journal

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There were two more signals that were present when I took the AU signal, the EU and GU pair. However I thought I probably shouldn't trade 3 USD pairs at the same time in case the USD goes against me. I unscientifically deduced that since the signal appeared during the Asian session, I should pick the AU pair haha. On hindsight, even if the USD goes against me and I have 3 losing trades at the same time, it also mean that there's a possibility that I can have 3 winners at the same time, so in the long run it would cancel out (plus some)...I think.

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Last week's summary:

The week could've ended with a +2R (2 Wins, 2 BEs and 2 Losses) but I wasn't available to delete and replace the pending orders of two of the trades. I'm not regretting anything, just giving my future self an assurance.

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Trade 1

Pair: USDJPY
Entry: Seed
Exit: 2R
Result: BE (0%)
Disciplinary Score : DS 1
Comments: N/A

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Trade 2

Pair: NZDUSD
Entry: Seed
Exit: 2R
Result: -1R (-0.1%)
Disciplinary Score : DS 1
Comments: N/A

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Trade 3

Pair: GOLD
Entry: Seed
Exit: 2R
Result: 2R (0.2%)
Disciplinary Score : DS 0
Comments: There wasn't a new peak. I tried to justify to myself that it's just one bar and that it might be just a blip, but rules are rules and I'm a bit disappointed that I broke it.

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Trade 4

Pair: GOLD
Entry: Cherry
Exit: 2R
Result: 2R (0.2%)
Disciplinary Score : DS 1
Comments: My original PO was based on the Seed prior to the cherry, but when the cherry appeared, I canceled it and then made a new order as the cherry is further away from TZ1.

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This week's summary:

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I probably won't be able to trade on Monday and Tuesday, so that's May done for me. In 3 weeks of doing H1 Hunt, I managed to get 2R profit, or 7R if traded properly. One important technical lesson that I learned this month is to don't just leave the pending order alone after entering the trade as a better signal might appear after that (for H1, just check every hour). It's only after the PO is triggered that I can walk away and leave the trade alone.

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Seems like I managed to squeeze in a couple of trades before the month ended. Took a quick look at skype and the charts before going on a 7 hours drive delivering stuffs and there were two signals on EJ and UJ. Placed my orders and came back home with a nice 4R profit.

Trade 1

Pair: EURJPY
Entry: Cherry
Exit: 2R
Result: 2R (0.2%)
Disciplinary Score : DS 1
Comments: N/A

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Trade 2

Pair: USDJPY
Entry: Cherry
Exit: 2R
Result: 2R (0.2%)
Disciplinary Score : DS 1
Comments: On hindsight, the eWaves might have shown that it has lost a lot of momentum but I thought it might be due to the lack of activities during the bank holiday yesterday.