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Market Energy: 2012 Trading Journal

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Strategy 3

 

short EURUSD if breaks below 1.2513 SL staggered @1.2680/2755

 

Don't like this one. The bearish bar is too large. But I have a trigger on this strategy so I must trade.

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Strategy 3

 

short EURUSD if breaks below 1.2513 SL staggered @1.2680/2755

 

Don't like this one. The bearish bar is too large. But I have a trigger on this strategy so I must trade.

 

Out all, result= -5 pips

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Strategy 2: PB at 150ema

 

short GBPJPY@125.11 SL@125.93 ITPO@123.40

 

Strategy 3: PB at channel

 

short GBPJPY if breaks below124.50 SL@126.18

 

 

1st trade closed for +114 pips

2nd trade closed for +3 pips

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It's been awhile since my last post here. Some due to baby-son, some simply because stress or taking a break from trading, but mainly because taking a continuing education for a degree in psychology and life-coaching.

 

For a couple of years now I've observed that whipsaws due to change-in-trend, washout, sideways-chop, all occur at almost the same in many what we view as "diverse" markets. After long testing (by hand, I never use software besides excel sheet), I came to a conclusion that "diversification" doesn't work for me, unless I diversify into various futures (ahh, no, not even then) and include some stocks portfolio.

 

Such correlation in whipsaws all condensed into particular time period, can cause quite damaging drawdowns (as massive as 30-40%) trading as little as 4-6 fx markets

 

So I decided to try to dismiss all setups (not successful with this - I still get very tempted to take some juicy-looking ones and they cost me when I refuse to bring SL=BE a.s.a.p.) and switch to XAUUSD (spot Gold).

It's easier for me to develop multiple strategies of retracement levels, MA's, add-on's, etc, then try to look for specific few setups on 1-3 strategies in 4-5 markets.

 

But I'm stubborn, hence the chart of USDJPY first. Very nice retest of 50% level, retest of bearish pitchfork after exit, convergence of multiple long-term MA's and good Pin-bar. But I will trade it on breakout only, 79.60 buy, stops below: 79.00.

 

I'm long some Gold at 1687.00, now trailing profits, first target 1752.50. About 50% retrace, PPZ, SMA 120.

I've added @1727.60, now SL=BE, half @1715.20. Bounce off EMA21 high.

 

Hope I can keep up with updating my thread more regularly.

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I've added @1727.60, now SL=BE, half @1715.20. Bounce off EMA21 high.

.

 

Almost as soon as I posted, price washed my 1st stop, break-even. 2nd stop moved to 1725. Gold doesn't look very bullish for now. Either deeper retrace after bullish move or maybe it will still shoot to 1750 resistance.

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I'm long some Gold at 1687.00, now trailing profits, first target 1752.50. About 50% retrace, PPZ, SMA 120.

I've added @1727.60, now SL=BE, half @1715.20. Bounce off EMA21 high.

 

1727.60 stopped at BE.

1687.00 Half out @1724.90

 

Short now filled @1724.50 stops@1740.

 

JPY filled. depends on today close, maybe stop&reverse or just keep long & open new short. Critical area of major ma's & retracement confluence

x11_13.gif.094ea86e9df89f7c593a339b834251e4.gif

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Nov 13 I went long on gold @1,733.70, stopped out @1,7189/61. But I still had short from 1,724.5

On the 15th I went short @1,719.5 with stops@1,735.0. Now all short stops moved to break even.

Gold bounced off bearish 50% retracement and PPZ fooling with one bullish bar then another bearish NB (neutral bar) at which breakdown I went short. Also, it was nice looking setup based on support off Ichimoku (7,22,44 settings).

 

USDJPY did well for me, I'm still long half, half out@80.50. I will trail it.

 

Now Gold looks confusing. Bull? looking at the new swing forming there is bounce yesterday off 50%, support 1,708 and Kijunsen.

Depending if it breaks on Monday, I might be long on the breakout of this PB (Pin Bar) if it forms as such.

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Nov 13 I went long on gold @1,733.70, stopped out @1,7189/61. But I still had short from 1,724.5

On the 15th I went short @1,719.5 with stops@1,735.0. Now all short stops moved to break even.

Gold bounced off bearish 50% retracement and PPZ fooling with one bullish bar then another bearish NB (neutral bar) at which breakdown I went short. Also, it was nice looking setup based on support off Ichimoku (7,22,44 settings).

 

USDJPY did well for me, I'm still long half, half out@80.50. I will trail it.

 

Now Gold looks confusing. Bull? looking at the new swing forming there is bounce yesterday off 50%, support 1,708 and Kijunsen.

Depending if it breaks on Monday, I might be long on the breakout of this PB (Pin Bar) if it forms as such.

 

Gold shorts all stopped out. From 1,733.7 for a -162 points, from 1,724.5 for a loss -46 p, from 1,719.5 for break-even.

 

Long signal was on Fri, acceptable pin bar, but the market opened above it with price that I didn't accept. I cancelled the order after bearish price movement yesterday. Waiting for a new signal.

 

USDJPY still long stop trailed to 81.08.

 

I entered long EURUSD @1.2781, first stop triggered @1.2742, I will not do anything for now with the 2nd part of this trade. Price bounced off 200sma forming a pin bar. I often think that maybe just using limit orders at specific areas (i.e. slightly above 200sma) could be more profitable?

e11_19.gif.98220f421866fc338b203193621e2659.gif

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Most important that although long not filled after last Fri PB, I got another chance: small PB off ema21: @1,733.4 stops@1,719.1 / 1,709.0. Now both to BE. I hope to take some profit @ 1,770-80.

 

GBPJPY I got short as the price entered sell-zone (yellow on chart) and broke PB to the downside. I'm still in, but this one seems to be a loosing trade. Price went sharply up, but didn't break the PB high, yet.

 

EURAUD I put short order but price never went there. being where we are at nice point 200sma, as I see it, I will also put long order on Mon on the breakout of inside NB.

 

EURUSD @ 1.2782 after initial stop of half of trade I'm still in and locked profits @1.2867. Price went from 200sma to 365ema.

 

Finally, best trade, USDJPY still long from 79.58, 2nd part of trade locked@82.00

 

Overall, good week, late week though. I trade small now because after quite deep DD I've had I simply need to get more wins to "repair my guts". Even after many years I still didn't learn how to control my fear factor. On tests I always perform well, but that's due to keeping fixed risk ratio in $, so the DDs come back pretty fast. In reality I find it very hard to keep fixed ratio after prolonged DDs.

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