Swooshs Journal
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Thread: Swooshs Journal

  1. #1
    I am currently in high school and I have just started a live forex account. I have been trading paper cash for around 3 weeks. A lot of people might believe trading at this age is stupid, but I just don't care. I am not the very athletic(I do play basketball) and I do not have an innate capability for school; I just need to study my butt off. However, trading is something I have always been interested in and have a desire to become great in. I will prove. If forex doesn't work out do not worry since I have good enough grades to get into a good college.

  2. #2
    As you can see the GPBJPY made a good breakout today. The price broke the trend lines, nevertheless, I saw a consolidation zone forming therefore I drew my box from SSBO. I put a buystop in the line but it had been bought in the moment to line. The price then went down to my stoploss that was at 16 pips. Then, regrettably the price dropped...

  3. #3
    So, I shut my GBPJPY and I left near 30 pips. That is nice for my first trade.

    I simply opened a short for USDCAD using the 30 min time period. I am hoping to make 8-12 pips.

    This is the chart:



    since you can see each one of the indiors matched up and said downtrend.

  4. #4
    So, this has been my very first day of trading and I has been entertaining. Fortunately I returned a profit of 10 dollars. HoweverI found it quite difficult not to check my charts every moment to see my trades do even though I am not a scalper. I had today off from college, so tomorrow I will not feel the need to verify my charts cause I'll have school and homework to be worried about.

  5. #5
    It has been a couple of days since I posted something. My egy not worked. I was just getting some good ol luck. Over the weekend I was analyzing price action and the simplicity is amazing. I read through a 150 page price action thread over baby pips. After learning all these new thoughts I decided to put them.

    This is my USDCAD Long:


    it's funny to see how simple my chart is. As you can see that I bought at the end of the reddish bearish bar because it wasn't egorized as a bearish engulf and it found resistance on the EMA.

    This is my USDJPY Long:

  6. #6
    Well, this was a good week for. I made 3 profitable trades in a row and made around 70 pips. I've almost regained all my loses since I've begun trading. I have grown fond of price action. There are not any indiors and my charts are so sterile which makes the market seem more calm for me.

    This morning I was debating on whether to buy a specific currency or not. Then, I came home from college to see I could of made 60 pips. So, I decided that next week I am going to attempt to utilize pending orders to make my orders. So, if I'm at school or asleep and the market does go in the direction I planned then I won't miss as many opportunities.

  7. #7
    Hey Swoosh. Nice to see you gave up all those indis. Price action trading has a lot to do with identifying level support and resistance . We can then wait for price action candles occuring at those amounts to tell is to sell or buy. Moving averages are hot and irresistable but newbies rarely are profitable using them as principal support and resistance. Price action candles such as engulfing candles or pinbars at significant level support and resistance are key to successful trading. Anything else such as moving averages or perhaps trendlines are secondary in significance. And finally indis IMHO for the most part are only used by newbie traders. Certainly some have managed to develop successful systems predied on indis but should you find one they are often very complied. Any way enough rambling. Fantastic luck!

  8. #8
    @Winston

    Thank you for the information I am looking at resistance lines a lot more today since I've heard and read that if you exchange price action together with S/R lines then your accuracy improves considerably.


    ---------------------------------------------------------------------------


    There are two pairs I'm watching right now. Both are currently in a downward trend and it seems as though a pin is forming. I will wait until tomorrow morning to make sure a pin actually does kind.

  9. #9
    Well, it's been quite a while since I've posted on my journal. Ever since then I haven't made much money. There are now two trading egies I'm starting to settle down with: 1 ). Basket Trading 2. Stairsteps Breakout

    I am likely to be trading the Basket system reside (I've been trading it live for two weeks with good results) and I'll be trading the SSBO platform on my demo account. I'm still very new to this SSBO system so instead of filling FH's thread up with my noob articles; I will be posting my trades . I am not using the SSBO indior because I believe I need to get used to seeing the breakouts with my very own eyes. Additionally, instead of producing a box that is 30x30 pips I'll be drawing my breakout boxes together with all the large and lows during areas of comparative low volatility, so the size of these boxes will vary. In the long run I am hoping that my SSBO system will be profitable and I will be able to come up with my own ea to this because I'm learning how to program.

  10. #10
    Here is my GBPJPY buy:




    Here is my USDCAD buy:


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