Given the steep drop, and the price action, this market seems heavier. I don't think it will bottom at 1.5800 exactly, looks like a spike down is due before continuing up. Therefore, I have changed my order to 1.5750 with a 100 pip TSL. Right now in ...

Static's Place

Well. Since last week was so profitable lets do it again this week!! The only real good deal I can see for the week is to get in at 1.5800. I could line up some fibs and talk about the inconsequential 4HR trendline, but to justify my order at 1.5800 ...

Static's Place

Trades Taken: 21 Winners: 9 Losers: 12 P/L: +430 Win percentage: 43% Feel really good about that trade emotionally and rationally.

Static's Place

Don't mind at all, some company would be great. Given the huge rise today, I am looking ideally to 1.5750, but alternatively to 1.5800 for an entry. Nothing concrete yet, I have some time to mull it over. Did you get out at 1.5790?

Static's Place

Well it pays not to bail on a trade I guess. Reducing the stoploss to 50 pips was the ideal thing for this situation. I like the idea of always letting a TSL take me out, even if the SL is a reduced one. I was stopped out at 1.5895. This gives a ...

Static's Place

Been thinking about the next entry IF I get stopped out at 1.5750. 1.5700 area seems like a good entry area. The reason I like 1.5700 is because: 1. 50% retrace of current move up from just above 1.5600 to 1.5800 2. Historical Support 3. Placing a ...

Static's Place

Trades Taken: 20 Winners: 8 Losers: 12 P/L: +285 Thoughts: Win percentage at 40%. Just goes to show, you don't need a huge win percentage to be in the black. Although, with patience (but not ease) I think I can get mine up to around 60 - 70% over ...

Static's Place

Stop loss change — Ok, I have decided to adjust my stoploss to a 50 pip TSL. Based on new market high of 1.5800, my TSL is now set at 1.5750. This guarantees me a nice 100 pips on the trade (A 1:1 R/R) and leaves the possibility of further ...

Static's Place

Damn, thought I remembered to post my last trade here. Oh well, not in danger of anyone calling me out, since no one reads this anyways. But, after missing my 1.5600 entry and seeing the dramatic rise to 1.5750 it looked like the market wasn't going ...

Static's Place

Entry at 1.5600 was missed by 10 pips! Oh well, will wait for another opportunity I guess. I believe we have seen the short term bottom given the 4HR pinbar and 4 HR BUOB currently forming. I haven't quite decided how I'm going to handle this yet. I ...

Static's Place

What I'm seeing. — Ok, so after the break in market I am looking to get long again. There is a big BEOB on the daily which makes me a little cautious. It looks like the market is heading down again. If the BEOB had happened without breaking ...

Static's Place

Trades Taken: 17 Winners: 7 Losers: 12 P/L: +185

Static's Place

Ok, and update. I have not been keeping up my journal, as I have been in the mountains for the past week, and before that on tour with my band. Quite a hectic summer. My Euro trade at 1.5494 went very well and netted me 240 pips. I was definitely ...

Static's Place

Euro is looking very indecisive. But I am sticking with my plan, as it was made before I was in the trade. Stop is now set to 1.5424, with 80 pips at risk. Edit: I just realized I didn't post this trade. Must be slipping in my old age. I went long ...

Static's Place

OK, trades all doing alright. Not too sure about the CAD trade yet, but it is no stress, only 15 pips at risk, I will soon set the stop to break even depending on what happens tomorrow. EUR/CHF is about 75 pips in profit. Good start. I am expecting ...

Static's Place

OK, still in both my PA trades patiently waiting for them to do something... haha. The CAD trade is looking iffy. My stop on that trade is now adjusted to 1.0205. There is an outside bar on the daily which makes me think a retest of 1.0300 may be in ...

Static's Place

Waiting in boredom for the Eur/USD to pick up the pace, I have taken another price action trade in Eur/Chf. The reasons: 1. There seems to be a reverse head and shoulders pattern forming on the daily. We are now at the second shoulder, hopefully ...

Static's Place

Euro has finally made some meaningful movement and has now convincingly broke 1.5550. I will now be looking to get in at 1.5550 as per my plan. Market should make it down there next week. Now, just waiting.

Static's Place

Update — The CAD trade is still playing out. Stop is adjusted to 1.0250. I am still expecting to see par. For trailing my PA trades I will be trailing the stop just above/below two daily bars before current daily bar. So for now, counting two ...

Static's Place

Hope you don't mind me posting a chart in here. Just thought I'd illustrate what I'm seeing. (I even converted it to a grey line chart to stick with the theme!!) I see the 1.5550 area as being the line in the sand. It is the 50% level of the ...

zoopy's trading journal