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mjrsaunders replied Mar 17, 2014First two trades of the week. #1 BUY @ 1.38883, closed at 1.38925 for 4.2 pips and a 0.9% profit after commission. image #2 SELL @ 1.39042, closed at 1.39063 for -2.1 pips and a 0.7% loss after commission. image Daily Totals +2.1 pips after 2 ...
Low Risk Entries London/NY Session
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mjrsaunders replied Mar 17, 2014It's Monday morning and it looks like we should have an interesting week ahead. Long/Short Bias I'll be favouring long positions for the time being, especially if we break towards the 4H demand level at 1.3851. I'll be favouring short positions if ...
Low Risk Entries London/NY Session
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mjrsaunders replied Mar 14, 2014That's it for this week for me, hopefully I'll find the time to trade every day next week. Week 2 Profits +42.6 pips +10.7% profit after commission image I hope you have an excellent weekend, and will see you on Monday!
Low Risk Entries London/NY Session
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mjrsaunders replied Mar 14, 2014Here's a summary of Thursday's trades. Week 2 Day 4 - Thursday March 13th 2014 #1 SELL @ 1.39555, closed at 1.39508 for 4.7 pips and a 1.1% profit after commission. image #2 SELL @ 1.39645, closed at 1.39562 for 8.3 pips and a 2.0% profit after ...
Low Risk Entries London/NY Session
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mjrsaunders replied Mar 14, 2014Despite saying I wasn't going to keep trading today, I managed to receive a great chance for a re-entry based off the same reversal zone as the last trade. This time the price moved downwards a lot faster. #4 SELL @ 1.38933, closed at 1.38834 for ...
Low Risk Entries London/NY Session
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mjrsaunders replied Mar 14, 2014Tonight's been quite a good one so far and the money keeps on rolling... #3 SELL @ 1.38936, closed at 1.38904 for 3.2 pips and a 0.6% profit after commission. image Once again I will still take extremely good set-ups, but otherwise I'm done for ...
Low Risk Entries London/NY Session
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mjrsaunders replied Mar 14, 2014Hey there kjmartyn, thanks for your post! Should be a fun ride, let's see how we go... I haven't had a whole lot of time to trade this week with the exception of the Thursday and Friday London/NY sessions, so I'll just have a few trades to show. ...
Low Risk Entries London/NY Session
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Low Risk Entries London/NY Session
Started Mar 8, 2014|Trading Journals|39 replies
Starting a journal for a strategy that focuses on making all entries as low-risk as possible. ...
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mjrsaunders replied Feb 28, 2014Good morning and happy Friday! Here's some quick pre-session analysis before the London session begins. image Given that we are now quite high in the curve on the 4H chart, I'll be looking predominantly for short positions today. Depending on how ...
Supply and Demand Swing Trading
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mjrsaunders replied Feb 27, 2014Normally I'll try to make a posts prior to the trading session, during and after, however for today it'll just be one to summarise the day. I made 4 trades during today's session, 3 losers and 1 winner for a total profit of 1.7%. Trade 1 image I ...
Supply and Demand Swing Trading
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mjrsaunders replied Feb 27, 2014Hi everybody! So it's been a while... long story short I've been on a working holiday in a ski resort in BC, Canada for the last few months (and will be until mid-April) and have struggled to find the time to actively trade with my now very busy yet ...
Supply and Demand Swing Trading
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mjrsaunders replied Nov 2, 2013Hi fxswordfish, Thanks for your kind words, I'm just a humble student but like I said in the first post, if I can help anyone else while I myself am learning, I'll he incredibly satisfied. I'm presently in the process of moving overseas to Canada, ...
Supply and Demand Swing Trading
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mjrsaunders replied Oct 22, 2013Took a pretty significant hit last night, but it's my own fault for trading the NFP! Had 2 losses and 1 win, although one of my position trades from a few weeks ago on the EURCAD was knocked out at a SL as well.
Supply and Demand Swing Trading
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mjrsaunders replied Oct 21, 2013Planning a short trade on the EURJPY (4H timeframe). SELL @ 134.521 Reasons *For* Trade All higher time frames are extremely high in their respective curves (+95%). Entry level was created from previous high, with a strong departure in price (good ...
Supply and Demand Swing Trading
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mjrsaunders replied Oct 21, 2013Planning a short trade on the AUDCHF (4H timeframe). SELL @ 0.87248. Reasons *For* Trade 4H ascending trendline has been cleanly broken. We are very high in the weekly curve, and price is respecting the weekly proximal line. Reasons *Against* Trade ...
Supply and Demand Swing Trading
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mjrsaunders replied Oct 20, 2013Planning a long trade on the USDJPY (4H timeframe). Reasons *For* Trade Entry demand level was part of the origin of a price rally that broke the descending trendline. There is more than enough room to the nearest supply zone. We might be seeing the ...
Supply and Demand Swing Trading
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mjrsaunders replied Oct 20, 2013Last week I took a trade on the EURJPY (you can see it in my trade explorer) that in hindsight was NOT based on a valid level of supply. I ended up being knocked out of the trade fairly abruptly... because of this I've decided to not allow myself to ...
Supply and Demand Swing Trading
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mjrsaunders replied Oct 20, 2013Planning a short trade on the AUDCAD based on the 4H timeframe. Reasons *For* Trade Price is very high in the weekly curve. There is a daily supply zone just above the current price. Level price pattern had a very strong departure, breaking through ...
Supply and Demand Swing Trading
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mjrsaunders replied Oct 16, 2013Thanks for your thoughts Alfonso! Some part of me has been making that exact same argument, so my plan of attack is to try out this ratio while forward testing only valid levels (ones that I'll verify through other people such as yourself) to ...
Supply and Demand Swing Trading
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mjrsaunders replied Oct 16, 2013I've had a crazy few weeks recently so haven't really been able to find the time to journal my trades properly... but hopefully from here on I can keep up as it's pretty important to keep a record of everything you learn as a trader. After doing a ...
Supply and Demand Swing Trading