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Trading Log
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23.01.2022 I was doing some consulting with a new FX trader on Sunday night. As we were scanning through the markets and going through chart layouts, Levels, Signals and how to place trades we identified a really good opportunity based off the Trading Log 4 stage trading strategy. We are currently 113 pips up with the stop loss set to break even. Free trade from this point on. First target at 1.28 and full target at 1.307. A lot can be found by scanning the Trading Log pairs on Sundays to plan out trades. Should I start posting vids again? Any suggestions on a format that will give people more value?
21.01.2022 Sticking with the GBPUSD. Last weeks trade ended up being a break even. However, last night, another opportunity came up as the price retraced back to a previous fractal level. A signal formed to indicate a reversal back to the upside. Currently at 139 pips profit. I am now moving the stop loss to break even to protect the trade. Another free trade. Lets seee how it goes All my trades follow three things I look at. 1. Level... 2. Signal 3. Trigger In this case, the level is that green area where I was looking for price to retrace back to. The Signal is the Doji The trigger, is when price reverses up and goes a few pips(A pip is just a unit of movement) higher than the doji
18.01.2022 What's your thoughts?
10.01.2022 What software do I use to look at charts? https://www.tradingview.com/
08.01.2022 Descending flag on the AUS200. Keeps hitting that bottom level at 4800. A lot of downward pressure. Looks like it will bust on down. I want to be optemistic though as this is the time when we keep an eye on reversal patterns. It can go down as far as 4700, the last time it was there was Feb 2016 and possibly even down to as low as 3800 back in august 2011. However, unless anything like, it mutates and turns people into zombies, or toilet paper is discovered to cause cancer, I dont think that will happen. The big shock has already happened.
03.01.2022 Hi All, you may all be wondering what to do with the fiasco. I've been waiting after the recent big moves for pullbacks. But the news have been so erratic.
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