TRADE SUMMARY: market continued to highs without be. What a sorrow feeling seeing market move without you. Anyway, observation of the GOLD helped to form a new entry around FLIP zone. Well defended flip zone became a good zone of entry. My entry spot was higher, but was not taken by few ticks (pure luck), that gave me better entry . Market then did all type of fuckery, comments from some asshole came to drag the GOLD up and then straight DOWN. That got me worry a little. By that moment I draw an AZ (awarness zone) where I would exit if the zone did not hold. That did not happen and market went higher. Took stops and stopped. Creating a high, this led to a downhill move again but limited retracement. Decided to exit this trade and not hold it any longer. Time will be the judge of my decission.
TRADE SUMMARY: trade wemt into the old SD zone, zone was not used but had a lower probability due to not creating a highest high around 123 pattern. Market turned into this zone through RAR pattern (RUN, ACCUMULATE, RUN). This was a first sign of weakness of my entry. Market jumped (run) and held the tight range. Then the STOP HUNT started. My SL got me out pretty quickly.
TRADE SUMMARY: market moved into a grade B zone. I have entered on retrace. Market then slowly moved lower and overnight got me out.
TRADE SUMMARY: decent IDp but not great, very good structure, confluence with 38%. Wick structure. Markte then balanced in a bear trap creating lower high. This led me to conclusion that I should exit at market. Held position over weekend and closed for little profit after the open. Well. The rest is history. Market from that moment on in a nice zig zag pattern broke 1264 without me. That led me to conclusion: did I exit correctly
TRADE SUMMARY: D1 coming into a demand zone. Doing a move that I wanted to see. Waiting for retrace at H1, getting in. Are 1015 – 0995 put out a good fight, defending that area. Bids were coming in through the day but not strong enough to surpass 1030's. Break beneath 0995 signaled one thing for me: it screamed, get the fuct out (zone of high awarness), the pair is just so weak! I did on retrace back around 1003
I have recently listened to the Tim Ferris podcast with Matt Mullenweg. Very inspiring guy (guy behind wordpress) and out of all Matt says, these few points were the one that stood out most:
TRADE SUMMARY: Nice W1/M1 level at 8813 with a pin bar and SFP. Again, great setup, that just did not favour the overall conviction of the market players. That part of equo. that is simply part of this game. I got out after being roughly +0.7R. Market turned and stopped me out. The same day I was out. I do not regret. The day after, that would be a horrible slippage! GBP shit it self with over 400pips overnight. So I should glorify this exit! 😀
TRADE SUMMARY: SZP pattern at key higher low, lower high pattern. Expected a indecission, not a breakthrough. Also, several days of decline seemed to me as something what can pause for a while and fill some leftover liquidity at the TP (2R). It didnt, it stalled slowly, inch by inch, until it completely shit itself. This time, the risk was covered very well.
TRADE SUMMARY: since I have had day of during second part of the week, I could not trade and I have missed this great OPPORTUNITY. Similar to USDJPY, I have had a CONVICTION for this trade. GBPUSD, USDJPY and NZDUSD were my conviction trades. This trade first presented a zone on D1. Then on H1 presented an entry type of precision. Unfortunately I was not at the computer to trade it
TRADE SUMMARY: I have had a strong conviction for this trade. I liked the setup, the zone and rising trendline. When zone came into play, I have entered the trade on 1PB retrace (1st probe back) on the H1 TF. Market then moved into sideways for several days, when I have patiently waited. The market after two days moved my direction, reaching as far as 3.3R. Then droped lower. Since the D1 resistance was strong and I was aiming for 5R – 6R, I have reconsidered the target based on the new circumstances and setup a new TP at around +3R. It has reached that target on the overnight news from Japan.