October Review

So, all data for every trade can be found here, and even thought I started with this strategy just 2 weeks ago on October 18, I found some success. Below are the results:

Pips Pips in $ Account $ Total %
 October 198.6  $   19.49  $  519.49 3.86%

So it was a pretty decent few weeks actually. 10 trades and of which 2 were busts because of stupid mistakes. First mistake was with my AUD/JPY  after I freaked out and exited a trade because of news I read regarding the pair. Stupid. Then, the second one with the USD/CHF trade and I had a TERRRRRRIBLE stop/loss in place.

Despite the limited amount of time I have to study charts, enter trades and watch them, they were all pretty quality trades. That’s going to be my biggest obstacle as I move forward.

October brought some great lessons and observations

  1. Stop/Loss needs to have enough room to breath in case of a bad entry spot (which is my next point) and be able to withstand price before it changes direction.
  2. Correct Entry Positions. This will be a battle for the next few weeks and probably months, figuring out when to enter a trade. Are my emotions in play? do I not do enough reading/studying where price and indicators stand? and are my signals actually correct? are the questions I need to answer.
  3. Utilizing more information from other charts is pretty cool figuring out where price will go and how to size the trade.
  4. I need to get out of trades sooner, with as many pips as possible (AMPAP?).
  5. Try riding the trend more, find where price is meeting resistance and support lines and catch that swing.

Looking forward to November and improving, improving, improving. Lets get after it!

First post election trades

The days leading up to the election and after the shocking news that Donald Trump will now be the next president of the United States, we all saw USD pairs go wild. Descending hundreds of pips on each pair to shortly ascend back to even or even surpass price before the election.

Even with all this craziness the day of and after election day, the markets went back to doing what they do. It was interesting to see how each of the different markets reacted but in time we will see the real effect of the Presidential election.

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Late night entry using my new friend Ichimoku and QB together

I may have discovered a diamond in the rough for my trading style. After seeing a possible trade setup for the QB strategy, I went to twitter to see if any one else was tweeting about it. I guess I found a user on tradingview.com going in on the same setup but utilizing this crazy looking spiderweb/cloud/smoke looking 4H chart. I was completely taken away as to what the hell was going that I neeeeeded to research what the hell was actually going on. Would you just look at it?!

EURAUD H4 (11-08-2016 0941).png

How in the hell do you one day just make that up?! I pity that person who has no clue how to read any of whats going on in this picture. Luckily, it’s pretty simple if you’re familiar with each individual element.

Continue reading “Late night entry using my new friend Ichimoku and QB together”

Back from a week off

So, last week was pretty crazy with work and I didn’t have a chance to watch the markets enough to enter any trades. I was tired from being sick the week before and I just wasn’t up for anything with the forex market.

I injured my shoulder and got a few days off of work. If the pain meds don’t hijack my brain, I will be able to do some research and get a better grasp on this forex thing.

Trade 1:

EURCHF H1 (11-07-2016 1230).png

After that last debacle of a trade with EUR/CHF, I re-entered a position today with the same pair; is it revenge? Hell yeah, the North remembers. I intend to catch only a few pips and hold it for a few hours. The SSD indicator is heading negative on the hour chart but the daily chart says a different story. The trend on the daily chart is negative, but price (if it wants to act normal) is going to correct itself over the course of today.

TRADE 2:

Entered EUR/JPY as a short position shortly after my EUR/CHF trade. Going in at a 30SL and 60 limit. It looks as it may have a bit more momentum to go further but lets take it slow.

EURJPY H1 (11-07-2016 1250).png

UPDATE trade 1: My target was reached and I posted a gain of 15.2 pips. Not all that shabby considering it is exactly where I wanted to exit. The SSD seems that it may descend further over the next few hours. Just happy to get back on a positive mindset after that big loss.What kind of sucks is that after I exited the trade, it continued to descend until it reached my  original Limit (obviously, right?).

EURCHF H1 (11-07-2016 1402).png

A little fun with EUR/CHF

EURCHF H1 (11-01-2016 0909).png

Pippin’ aint easy out here. Actually, with my new QB strategy, I’ve done okay for the few weeks I tried it in October.

There’s a shit ton going on in this chart. I apologize.

Buy on the EUR/CHF at 1.0840. Stop at 50 with a limit of 100 (pretty bold but I’ll go over that later). The Black line denotes the hourly trend. So, its going north to Winterfell. I have the 5 and 10 SMA that follows along the candlesticks. And, the 100 and 200 SMA coming in from the top left corner and crossing at my entry (blue arrow).

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2 trades going into the weekend

So, Friday showed up and I was sick as a dog. Regardless, I hit the markets to look for some signals to enter. I honestly didn’t put crazy time into it but I was lucky to find two seperate trades that I considered valid. I couldn’t take screen shots of when I entered, but I closed them this morning so I will post the as I see them now:

audusd-h1-10-31-2016-0818

Above, is my AUD/USD buy position and as you can see at my time of entry, all signs were valid. I kind of cheated with the SSD but it worked out in my favor. The daily trend is an uptrend so I took that into factor as well. Directly after entering, I went slightly negative and then price just kinda hung out all day before all markets closed for the weekend. Kinda forgot about that part. So, watched it pretty closely as markets re-opened and with no crazy news coming out, I kept it open while I went to sleep. Woke up at the perfect timing as SSD crossed to head south and bring price down. Ended with a +22.4 on the trade or +.44% bringing me to 3.61% over the last 2 weeks.

eurchf-h1-10-31-2016-0817

Here, we have yet another sell position from me with the EUR/CHF. I’m not sure why I tend to go for more sell positions, maybe its the time I read markets and enter trades? hmm. Anyway, I entered this trade pretty cocky and much to early. It almost cost me being too early. As soon as I entered, price went north for a good while before someone came in and dropped the price in my favor. Unfortunately, no correcting really happened, instead price is still falling ever so slightly. At closing, I saw the market correcting itself and exited with a +13 pips, +.25% and overall +3.86% on my account. Let’s see what happens over the next hour or so when markets open here in Europe.

my head and my heart – here live!

Something happened to me over the past few days when I was sick, lying on my deathbed I call my couch. I binge watched so much DareDevil I truly believe superheroes exist; I’m going to constantly watch the shadows from now on.The hallucinations from my medicine didn’t help, but at some point yesterday or Friday night, I felt this overwhelming realization I have yet to make a difference in my family during my adult life. It made me extra sick, well depressed, having realized that. I can’t explain everything, but what it boils down to is that I’m in Europe and they are still back home. At the same time, I felt selfish because it is my life and I need to make my own choices at the end of the day. So, I was left in a pretty empty spot in my head. Meds kicked in, I passed out.

Continue reading “my head and my heart – here live!”