Swooshs Journal - Page 2
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Thread: Swooshs Journal

  1. #11
    The GBPJPY buy was going good. As you can see, the volatility has been low for the large part. I have to say that this looks like a good breakout to me.

    Now the USDCAD simply stopped out!
    Now let's see how that could of been avoided. IMO the volatility looked a little too large. Actually I was wondering if I should buy it because look how big some of those candles are. However, leading up to the buy there were some service candles which led me to believe that the price has been going up.


    P.S. I forgot to add that I'd like to wait around for two candles to shut ABOVE the box and the next candle must not have any wicks touching it. Additionally, these transactions were on the M5 period. I'm just using that timeframe at this time since it is sunday and I have to time to check at it, but generally I will use the h1 period.

  2. #12
    So, I have not stuck to my promise I would place all my transactions here, but I have been very busy with basketball and college. I made 4 profitable trades this week and 4 wins. Two of my loses were during the NFP report, therefore lesson learned. I'd of had a wonderful profitable week but I ended up breaking even.

    Oh, I forgot to say that I started a $50 account that I'll trade exclusively with no indiors(except for zig zag).

    My best commerce this week was around the EURAUD where I grabbed the breakout. I would of caught the EURUSD breakout also however I didn' have enough free margin to buy a different micro lot. I made 100 pips on the EURAUD.


  3. #13
    I think it is funny when I first began with forex all I did was use indiors. Now look at my chart and there's only zig zag which I only use to help identify the highs and lows.

    I like to draw trend lines between zig zag high and lows then use those as S/R lines. But, I'm still trying to learn when the price will bounce in the line or break through. Hopefully, in a year or so I will have the ability to understand when the price shoots via the lineup or bounces. I'll keep tabs on the formations and which way the price . I'll also be taking a look at the price action along those lines. (engulfing bars, pin bars, ect.)

    I'll use a live account the whole time since I feel that trading a live account is not anything like trading a demo account.

  4. #14
    Here is the EURUSD chart:



    As you can, there is an initial up trend channel formed and the price broke that that really nicely. Then, the price retraced. Shortly after the price broke through the triangle formation and shot down.

  5. #15
    This is my trade on the AUDUSD today.



    I entered the trade across the base red line then I left the trade across the top red line.

  6. #16
    Initially I was looking at a sell but I was waiting for the price to break the flat resistance their. The price then broke through two fashion lines. The price then shot up to 1.05332 also it's currently finding support along the outside of a triangle formation. I am interested to see where the price will go from there.

  7. #17

  8. #18

    Here is my initial live trade!! As one could see, the Stochastic Histogram is below zero, the CCI Arrow indies market, the IrEKo has crossedas well as the MACD is revealing downtrend. So, I feel this is going to be a fantastic sell. I've put my stoploss in 75 pips.

    Ouch, I did a pretty noobie mistake. Last night once I shorted I didn't realize I'd of lost 20% of my account should it struck stoploss. Thankfully the price is going in the direction I needed it to.


    Around May 4 a situation happened like that and there was a wonderful downtrend around a couple of hundred pips.

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