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A Different Kind of Journal (EURUSD)

Ok, guys. Technically, I'm done. MFE 67 - MAE 26 = Net Profit 41. In actually, my MAE should only be 16, as I was typing a post during the move and missed the on-time swap. So, MFE 67 - MAE 16 = Net Profit 51 (on 1 swap), which fits inside the ...

The Confession & The Secret

A potential bottom forming on the M1, with reduced 127% extension to the downside and a couple of 127%+ extensions to the upside. Let's see if it holds to reverse the overall direction, or whether its just another M5/M15/M30/H1 temporal rally.

The Confession & The Secret

Its going to be really interesting to see what London does to the EUR today. Sydney and Tokyo, surprised me by kicking up the volatility a bit - I thought they all went to sleep for the day.

The Confession & The Secret

MFE on this cycle has been +67 pips thus far. MAE on this cycle has been -26 pips thus far (using swap cost as MAE).

The Confession & The Secret

That's, I think, what's going so separate those who can do this and those who can't. There is a very strong urge to follow every single swap trade with directional bias - its a natural way of thinking - very human. What I need as a Line Trader, are ...

The Confession & The Secret

2 pips from BE at 0459 GMT on M1.

The Confession & The Secret

If this isn't the easiest way to trade, then I don't know what else would qualify.

The Confession & The Secret

H1 absolute ranges have dropped down to their historical low levels of about 15-18 pips for the last 2-3 hours. They typically won't get any lower than this. H1 average ranges have dropped down to their historical low levels of approximately 26 ...

The Confession & The Secret

Neither Sydney, nor Tokyo, want very much to do with the EUR at this time, apparently. The current range for the session has only been about 45 pips deep thus far. If either Sydney, or Tokyo, don't provide the momentum, then I would expect the real ...

The Confession & The Secret

Precisely 16 minutes after gap creation, with an apex above the gap of 11 pips, the market has decided to fill the M1 gap. There was no M15 or M1 Swap initialized during gap closure, but the theory still seems sound when price moves across the ...

The Confession & The Secret

Saw something very interesting. On the M1 chart (depending on what platform you use), you can clearly see gaps in the data. The theorem that all one minute gaps get filled, is a very plausible conclusion and the vast majority of them do indeed get ...

The Confession & The Secret

Initial Daily range for today comes in at between 157 - 161 absolute pips. Current range consumption is now about 28% at 43 pips, with the expansion being to the Short side of the T-Trigger. Current condition is -26 pips on swap one. Should be -16 ...

The Confession & The Secret

Once again, as I was typing, I got caught in the middle of a swap. I'll post more later, and will focus on swaps for now.

The Confession & The Secret

Right out of the gate - Swap on Close using the M1 chart, would have saved about 26 pips in swap loss.

The Confession & The Secret

Swap on Close method is being used this cycle, but I'm going to keep an eye on the M1 vs M15 charts to determine if there any advantages to swapping with one vs the other this cycle. Something I should have been paying more attention to in earlier ...

The Confession & The Secret

My apologies - forgot to post the platform pic. However, if you've been following the trade cycle in the other thread like you should have been, then you realize that +41 pips were closed out and +156 (roughly) were available on the trade cycle. ...

A Different Kind of Journal (EURUSD)

0000 GMT-1 T-Trigger at 3858. Initiating swap on sequence. Using Swap on Close method. image

The Confession & The Secret

Yep, which is why I like to enter when the Daily range has not expanded beyond 100% of normal. So, in reality, if I were in production trading, when I looked up at the Daily range this morning and found that it was well beyond 100% of normal, that ...

The Confession & The Secret

Using an M15 chart, the strategy here will be rather simple: - Trade the 0000 GMT-1 until profitable. - If 50-75 pips are not seen by 0800 GMT-1, close current position. - Re-enter the market at the start of the 1200 GMT-1 bar until 50-75 pips are ...

The Confession & The Secret