Perstomans T. Journals - Page 2
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Thread: Perstomans T. Journals

  1. #11
    Got stopped out originally, but reentered after seeing another topping formation at 1.054 area.
    Even though bearish divergence appears very promising, I'm not super confident using this commerce, since Eur/Usd has broke 1.39area.
    But I've a feeling that if that divergence plays out, then this pair will move down considerably.

    Quote Originally Posted by ;
    After seeing USD/CHF getting rejected at the previous high, I sold this pair.
    Possible 1st target is circled on the chart.
    There's no doubt that we're in a somewhat powerful uptrend, but I also see that USD/CHF hadn't retraced for a very long moment.
    So, let us see if my first transaction works out!

  2. #12
    Looking back at my previous chart, I see that I did enter somewhat correctly and was creating green pips until the tendency continued up.
    So, I am rethinking about how I could play divergences with minimum risks.
    I'll find divergences on greater time-frames, and enter a trade, when I see that a break of trendlines on smaller time-frames.
    The next chart shows the illuion of entering a commerce with less risks than my very first trade.


  3. #13
    Depending on tonite's data in the united states, I believe we can see USD/JPY moving up higher to my very first goal of 91.77, where we've seen bunch of sellers last moment. (Maybe we will need to clearly break 91.10 level )
    The fantastic part is that we've touched the 50 percent retracement level, and seems to be clearly turning back the trend to the upside. Also, USD/JPY has retested the busted downward trendline last nite.

    My ultimate goal is 95 and 100 until the end of 2nd quarter this season!

  4. #14
    After being in FX trading for approx 2 yrs, I felt I was becoming a better trader not just technically but emotionally. However, whenever I make a dumb decision to put in a long-term trade, which I anticipate the price of certain pair to go against the long-term trend, I end up adding too much of my account into one trade. In the conclusion, I end up bailing out with huge loss or a margin call.
    From now on, I'm likely not to enter a long-term trade but only trade based on my commerce setups.

    Some ideas on trading:
    Supply and demand
    buy at sell and support in resistance
    fall base rally-where demand is
    rally base drop-where distribution is

    SLMM are the most important principles in trading

    Practice my rule
    Focus on fibs, S/R, candle stick patter and PA

    is the key to success

  5. #15
    All 3 trendlines were broken down and that I was still too stubborn to change my bias...
    no more explanations desired see chart below

  6. #16
    Quick profit on breakout to drawback
    Out with 5pips. . .not that great but was not willing to risk earlier profits.
    Also the price will be bouncing right back out to test the broken trendline or continue its up movement from this morning.

  7. #17
    Had a dreadful week holding trades.
    I had been planning to build long term long position on Euro, that was crap from the beginning up me.
    From today on, I'm forgetting about long-term positions and focusing only on intraday/short-term trading.
    No losing trades will be left available overnite.

    Well, 3weeks into trading with my new finance and I am already down 60%...
    However, I understand I can recover that loss shortly and I'm confident I will.

    No regret on closing all my losing trades today.

  8. #18
    Think smarter and transaction brighter!

    Starting a new day together with my mind fresh.
    Once again, I heard the most important lesson SLMM

    I will do so and I will do this!

  9. #19
    Closely watching three trendlines drawn here.
    When it breaks upsidedown, then my very first tp is that the blue shaded region.
    Or even if it breaks drawback, then preceding low becomes my tp.

    But looking at how G/U is holding up relatively well in contrast to E/U, I am leaning toward break to the upside.

    This is my trade for now

  10. #20
    Looking at 4h tf, I see a major downtrend. . .no reversal signals in all
    With this momentum, G/U will form triple base at 1.479ish place at the end of the week.
    However, I'm still playing this dangerous game of picking tops and bottoms. . .dunno why I'm doing so. . .maybe it is going to be my last moment. . .Ok

    on 30min tf, g/u broke the important support region in 1.515ish and slipped into 1.509ish until the market realized it was too oversold and jumped back up to 1.517ish.

    I'm not familiar with UK politics or its economy, but by just looking at this 30min chart, G/U can return up to 1.52ish region to check the resistance before going farther down.

    Maybe this is what I wish to see.

    But when we could gather enough momentum to break resistance in 1.517ish, then we could see 1.52place by LD or NY open.


    *Invalidated only as long as the lower trendline on 30min chart is broken


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