Have gone for a cheeky Short on USDCAD (blackline) on the failure of mid Bollinger at 5M It's still very tentative, it has to clear a few supporting price averages. The mean-diversion mode (red MACD) is in effect though. image

Discovering An Edge

......AAAAAAAAnd proved wrong! LOL... that's the markets for you. Will re-enter on a pullback once the indecision is sorted. Probably next week.

Discovering An Edge

I exited USDCAD on the basis of weakness forming in the price action. 12287 was a resistance level from previous analysis and price did not close above. image

Discovering An Edge

Closed USDCAD 12270. +36 Didn't close on the highs, busy at work. May keep the AUDNZD trades open.

Discovering An Edge

I think that what you'll find is that certain timeframes will display certain types of alternating patterns. Not all pairs are the same. Let me know if you start experimenting with Uneven TZs, eg. one side greater than the other. You'll find these ...

Trading the middle TZ's

Added to AUDNZD Longs @ 11232. Tried to catch the bottom of DAX but decided against it on a Friday. -15

Discovering An Edge

Great! You've observed some of the regular behaviours of equal sided TZs. Keep it going! Great trades!

Trading the middle TZ's

If DAX breaks 11122, that would indicate lower.

Discovering An Edge

DAX stopped out +27

Discovering An Edge

DAX stop moved to last swing low on 15M. I don't wanna manage this anymore due to work, so if the highs are taken great if not and I get stopped out that's fine too. SL at 11184

Discovering An Edge

Mate! You're doing bloody well! Don't think like that. No apologies necessary. LOL Edge is simply = the probability of one occurrence over another occurrence. So it's however you calculate that probability. It's all a learning opportunity!

Discovering An Edge

AUDNZD 4H has support at 11188 which ironically is wherein have my stops. Currently in mean diversion mode which is where it is best to buy.

Discovering An Edge

Long on DAX, USDCAD, AUDNZD Price and charts later DAX 11144 and 11157 USDCAD 12234 AUDNZD 11242 Risk initially set to 50 then move to BE on 10-15 pip step. Avg SL close at -20 EDIT: The DAX trades were off the bounce. Got in initially at 11144 ...

Discovering An Edge

Awesome! I think it's great to do these journals as it can really help with trade psychology and trade reflection. Good luck with the thread and TE!

Long term position trading

GBPAUD is the ultimate dragon. 50 slow pips just going up since 3pm. It's the spread that kicks the shit out of me though. My stops need to be looser than a hip-hopper's jeans! Sterling is kicking ass.

Discovering An Edge

Ideally, a Short Setup [at least for me anyway] isn't about tops, but a breakout. I can't reveal how/why but the targets below are projections that can be made off the trendline breakout. So for this EURCAD to have any steam downside, I would ...

Discovering An Edge

Stopped out at BE. No worries. It was in zombie zone anyway. Will be looking for another good Long entry.

Discovering An Edge

EURCAD Thanks to Ephisi for bringing this to my attention. The weekly shows that EURCAD went under the long term averages during the tail-end of 2015 and the recent retrace to 14000 has a failure and move below last week's close indicating further ...

Discovering An Edge

VIEWS ON EURUSD Weekly shows that the pair is still retracing it's Wave 4 structure and speculation is on where it will end - will it peak at the 1.14-15ish levels or will it go for 1.2? Personally I don't care but the EMA's provide resistance at ...

Discovering An Edge

I've right royally screwed up my trades on GBPAUD today. But.... I persevere. The past is gone. As it stands, my weekly projection is still in place. The 4H gives the following picture: image Price is at Bollinger Mid which is the 18EMA. ...

Discovering An Edge