NevFX Journal
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Thread: NevFX Journal

  1. #1
    I've been at the Forex markets for years. Pretty much tried everything that you see on the internet and everywhere on FF. I had been the ultimate egy hopper. There is nothing wrong with altering the egy so long as every time you learn something and you do not lose of your cash. I have invested thousands of pounds into my forex eduion, I have to say as if I said wasted, I cry, spent. I'll be honest and I have actively looked for eduors and mentors and say that I have never found exactly what I am searching for. I'm beginning to feel that maybe there is and if they could, it would be nevertheless that I figured this out. The cause of this journal is solely to preserve discipline. My objective is to publish one egy and for me to exchange it, with no deviations. I don't profess to have any answers to the forex puzzle, however I am starting to see improvements and I feel I have an understanding of why the markets are moving but more importantly where they're moving.

  2. #2


    all my trades from now on will probably be based around this price action as described in the picture.
    They state that markets go Up, Down and Sideways and for 70 percent of the time that a market is non trending. Which means that for 70 percent of the time we are currently going sideways.

    A lot of things are still happening when we go. Sometimes buyers are constructing a position and the instances vendors are looking to off load. Accumulation and Distribution.

    As the markets go sideways, traders which sell the top of the range will generally put a stop just beyond the range on top and vice versa for all those traders buying at the bottom of the range.

    The biggest turning point for me was describing specific activities by retail traders (of which I am included) versus explaining what the institutional traders would do. Anyone who has ever purchased a move's large, knows that as they were buying computers or more individuals sold and they were using the buy for their sale.

    Additionally, anyone who was taught the London Breakout Strategy or the Asian Breakout Strategy or the Big Dog Breakout Strategy or anything else where a range is the defining point for placing a Trade 3 - 5 pips outside the range and a Stop Loss on the opposite side of the range, will know through experience, your Stop gets taken a hell of a lot. Which should direct you to believe that some traders know that we put our stops and utilize these stops.

    As are the stops at a swing high or low!

  3. #3


    Every time a swing low or high is formed, we retail traders tend to place our stops just another side of our commerce.
    So points 1 - 3 variant a range and nearly all the time there will be Stop Losses put at these regions just beyond the forming range.

    If there's an order to buy just away from the range and somebody needs to market for another reason, the best place to market is in the exact point more people are eager to buy. It will guarantee that your order gets filled. So if you're looking to sell, then you have to begin searching for where the logical buy orders will sit and that is the stops of retail traders who are short the market and even better if they've sold the surface of a range.

    Retail traders see at the top of the range as forming resistance as well as the more unsuccessful attempts to break the surface of a range the more resistance there must be. When in reality , the more Stops there that the quicker and larger the movement is going to be that cuts through them and takes the stops.

  4. #4


    For years I would try and buy a breakout and also hope for a risk to reward of 1:2
    It looks so good when price pops out of the top of a range and trends all day.

    I've become tired of all of the times however, there are a strong pop out of this range, simply to see that my SL get hit , or my Breakeven trade be just that, 0 gain and then for my original Require Profit to be hit finally.

  5. #5
    The trading egy:
    1. Wait for a range to form
    2. Wait patiently for Stops to be obtained both sides of the range
    3. Look to trade with the dominant momentum
    4. Wait for a return to the range, specifically to a trading range characterized using the fib instrument between Point 4 5
    5. Goal Point 5
    6. Stop Loss at Point 4


  6. #6


    Todays Strategy was to Market the EURUSD



    Fortunately for this thread the Strategy Exercised

  7. #7
    Now I Exchanged GBP/JPY.
    The plan was to hold for lesser but to also take profits and not hold only for the sake of trying to prove that I was right in my analysis. I have held on nearly forcing my will on the markets to prove me right. The majority of the times I am not , therefore taking an adequate profit is essential to making money and surviving long term.





  8. #8
    So did I make a fantastic trade today. Yes , I specify a trade and it 75% panned out just how I needed it to. In hindsight, I was blessed.
    Once again I didn't notice or pay any attention to the change in market sentiment. My trade idea was initially



    The stops had been taken from a clear swing high and swing low. The market came back to my own trading range and through London open I put a short.
    I'd marked out an intraday high as a potential difficulty but we went and I took profit. When I'd moved to an H4 chart I am certain that the pattern I am about to reveal would have stood out like a sore thumb.



    Fortunately I took profits in the area where I might have been reversing. However, my trade idea stayed with me and my view did not change at all. So in my mind I am still expecting yesterdays low to be taken out.




    There are a Couple of mistakes which all neglecting traders createTrading Not trading in a greater time frame Support and Resistance Levels on time frames Not adjusting to a change in market sentiment Over trading Next week I will try and be a trader by working at least 2 of the aforementioned

  9. #9


    After the weekends analysis I see the GU coming down to test the lows. The chart above is that the transaction that today I am seeking to take.

  10. #10
    Had to close out in Break. My analysis was on the Daily time period I clicked on time period, obtained to the first service , place myself and then got stopped outside. Happy to wait patiently to find out what todays range is before placing another transaction tomorrow.

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