Nocturnal Journal
Results 1 to 3 of 3

Thread: Nocturnal Journal

  1. #1
    I am starting a new journal on the FF. The name stems from my own personal journal'Nocturnal System' on Blogger. The name stems from the simple fact that I do my analysis in the evening/night time after work or during the weekends, thus the expression nocturnal.

    I will post my site material on here from now on. This would motivate me to keep my transactions up .

    I do my own analysis on the weekly chart and input in places on the daily. I trade all the majors and lots of crosses too. My technique of trading entails marking key reversals, resistance, or support amounts. I do my weekly chart analysis at the end of the trading week. Pick those pairs that are making interesting moves, then watch it on the daily for possible transactions for this week.

    Hilmy83
    Nocturnal System

  2. #2
    The initial trade is extended AUD/JPY.


    (see attached)

    As you can see in the weekly, the pair is on the uptrend support. So in order to find out if it would bounce off the service, I take a look at the daily chart and it broke the triangular pattern I've made. I went long at 89.27 with stop loss at 88.75 (52 pips risk) with 4500 lots which is about 39 cents/pip. I made a error on stop loss depending on the lot. I wanted to have the stop loss at 88.24 however I'd 4500 lots when I entered so I could not increase the stop loss, otherwise I would increase my risk. I really should pay more attention next time. The Aussie have experienced strong top index, increasing employment and customer confidence. On the other hand, the house sales and business assurance are dwindling. Their expert vacancies have increased as well. However, I assume the customer confidence with high employment will drive the Australian Dollar higher

    Then I went long on AUD/NZD

    (see attached)


    I see that the weekly chart have produced a bullish candle after an extremely long bearish candle. This could signify that the bears are losing steam. Taking a look at the daily chart, I visit a hammer on the base of the trend and this is an expected reversal. I went long AUD/NZD at 1.1399 with stop loss at 1.1294 with 2500 lots which is about 17 cents/pip. Since the Australian market is doing pretty decent, I assume that the Kiwi's soaring transport and wage prices will bring it reduced. In addition to the dovish tone following the interest rate could weigh it down farther.

    My prevent losses from now on must be the lowest price of the former candle on the daily or at any important resistance levels.

    So I've taken the trades and whatever the outcome, I hope I will learn from them.

  3. #3
    Quote Originally Posted by ;
    I'm beginning a new journal here about the FF. The title stems from my personal diary'Nocturnal System' on Blogger. The title stems from the fact that I do all my analysis in the evening/night time after work or during the weekends, so the expression nocturnal.

    I will post my blog stuff on here from now on. Hopefully this would inspire me to maintain my transactions current.

    I do my own analysis on the weekly chart and input in positions around the daily. I exchange the majors and many crosses too. My technique of trading entails indiing key reversals, resistance, or service levels. I do my weekly chart analysis at the conclusion of the trading week. Pick those pairs that are making intriguing moves, then watch it on the daily for possible trades for the week.

    Hilmy83
    Nocturnal System
    awaiting this. It is good to find someone who doesn't trade the short-term charts. I am with you all the way
    Peter

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  
This website uses cookies
We use cookies to store session information to facilitate remembering your login information, to allow you to save website preferences, to personalise content and ads, to provide social media features and to analyse our traffic. We also share information about your use of our site with our social media, advertising and analytics partners.