Trying something new

I have not been able to post in regular basis due to some other issue to handle but at the same time i'm trying and testing something new..

A preview ( to see full picture click the pic )

CL For today

Premarket + 7

Cash session .. + 19 + 15

Missed + 30 .. what can i do.. cannot do blogging and trading at the same time

Just two trades today.. posting the first one..

+14 points

NQ for today

Total 5.1 Points taken..
Just trade before lunch hour..

Today's NQ

Total Ticks +32 Ticks 8 points ..

A lot can be made but bad trade management..

Short Setup

While writting the blog I missed this short setup..

But nice and easy one...

NQ 4.0 points today

It was easy today.. trading NQ futures after open.. nice up move.. ..

I could have hold the trade for 10 to 12 points but .. exited early..

NQ: +4.0

Trading NQ today

A very good day for trading NQ futures.

I took few trades all of them were good..

Posting few charts where i explained my entry...

AUD/USD Up Move

In my earlier post Pre Asian session I said .. price might bounce from 0.9349-0.9350 area and Price didn't reach even that level and then shoot straight up...
nice 80 pipsh move up..
not bad

I am Back to Journal Again..

Hi
Sorry I didn't post anyting last couple of months.. Been busy and researching new Ideas..

This is what I am expecting from AUS/USD .. This pair is been very good for trading for last couple of months... lets see what it does this comming week

I will be buying if price bounce from this green zone.. ( 0.9449 - 0.9330 ) area.. if it breaks down below with good volume price will most likely will go down more..

So plan is.. if we see good reversal candle go long .. or if it break below.. go short with the heavy trend..

Explaining the setup and the Swing High/Low indicator

This is the setup i use mostly..
and this is the indicator i use to determine swing high/low

Click Here to download Swing High/Low indicator

GU trade Easy +13

GU 2min chart.. Easy 13 pips but went 24 pips and going up. took profit at fib extension..

First time trading GBP/JPY

First of all trading GY pair is risky yet very profitable.. My first trade ( BUY Blue Arrow) i used 30 pip SL which I should have used 20 pip but in any case it hit my SL then 2nd trade (SELL Blue Arrow) I grabbed aprrox 40 pips.. so altogether up only 10 pips today but .. the sell went almost 90 pips.. i should have trailed it.. in any case.. good trading
NOTE: Today is a holiday in US so market is thin...

Still testing GY

All the blue arrow is signal to enter position..
As i said before still demoing the GY

Some demo trade with GY pair

As I am on demo with my method using 5m TF in GY pair .. first buy was a break even as price break the level ( blue Line ) and pullback on next bar so that was a valid buy went 25 pips so after spread i don't know could have taked few pips but i left the SL at Break even. So + 0
Second short was perfect short at Pullback .. took +50 but price went +70 pips.. cannot complain ... :)

Third buy signal was also a perfect signal went 48 pips but took only 15 pips and then it hit my traling stop..

so In total +0 +50 +15
Not Bad for demo :)

Trade that I missed

First circle with arrow was a buy setup .. missed it good for 15 pips .. most likely it would have been a break even trade

Second circle with arrow was a sell setup .. too bad missed it again but it has potensial of 70 to 80 pips ..

ATM I'm testing GY pair with 5 min because it is volatile..


Cheers..

GU trade Today +25

Took one trade today went Half full lots.. (0.50 ) took a nice 25 pips profit.
Perfect entry and .. Fib 233 extension exit..

Cheers

First Forex Trade after a break.

Nice pattern. entry is good as well as exit at 233 extenson.
I am using 2min chart on GU pair atm. Grabed 16 pips in 2 lot ..

MoneyMangement Part: As I had to step away from my desk so I used trailed stop for the last mini lot instead of baby sitting it but it went to the price projection as expected 423.6 Fib Extension

Setup that I missed..

Some trade setups.. Clear .. nice trending day today

Trade on TF

TF Emini signal which I was just eyeballing.. ... would have been nice profit..

What i was trying to prove happened in Last trade

What can i say I hold both of my first two trade for the 50 ticks .. and the one i didn't held went 50 ticks..

He he he.. but
again all can see how it works..

:)

Money management is the Key

3rd Trade +20

Since CL is ranging decided to take 10 tick Scalp..

+20 tick in 2 cars

-13 ticks Today for a start

... CL is very range bound today.. took two trade both has +10 and + 17 ticks potential..
First trade should have move SL to break even but i didn't.. so cost me -32 ticks
2nd trade i could have recovered my loss plus with tiny profit but i took one at +15 2nd one i was trying to get 20 or 30 but stopped me out +4

This week is NFP week so lets see..

Two Patterns to remember

Wedge breakout
Wedge break in..

Tuesday Trading

Plenty of entry but took only one.. and .. made 23 tick (Cum)

Last one +20

My Bebo Rocks :)

Trading Cruide on Wednesday DANGEROUS

Hii today I have decided to do little bit experiment with faster tick chart and try to play the breakout.. and this is what i have achived..

Missed this trade during London Session +40 to +70 ticks

..............

Wednesday is not good for Cruide

See the picture..

+42 ticks on CL and MIssed another 100 ticks

What can i say great market structure.. Happy with my trading... +42 ticks total ..
10 dollar per ticks..

:)

Last trade that I missed

This is the setup I missed.. but again easily +40 can be .. made..

but didn't take it..

Fifth Entry on CL

Nice breakout nice entry .. Rules followed

+12 on first one
+22 on 2nd one..
+34
Yahoo

2nd Attempt on CL

Well.. here i got my first hit of the day ( although I made my target before ) doing some extra trading.. first entry at point A honestly I have no idea why i took it..
At B point i was lucky i didnt play this breakout.. At point C i took the trade again.. with the rules..
At point D .. pullback entry .. Missed it
Total - 38 ticks and + 40 ticks..
I could have grabbed more.. BTM ( Bad trade management)

Second One On CL

Took this trade on CL Very bad trade management. Entry was ok.. take first one took +12 and second one take +2 . I wanted to move my SL to breakeven for the 2nd Contract but put my SL to BE+2 and this cost me 80 ticks move. It could have been the trade of the day...

First trade was taken on 6B nice Nice +18 ticks..

2nd Trade

This is 2nd Trade of the day but i bailed out quickly due to news coming ..

Shorted 2 at 84.28
Out 1 at 84.25
2nd one 84.21

+3 + 7

First Trade in the Journal

This is the first trade i took today Tuseday 20.4.2010

Long at 83.87 and 83.88

Out one at 83.94 second one 83.89