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Wednesday 30 September 2015

Surprise !!!

Smooth market AFTER EIA report, but I dont trade on WED..
May be I will try WED after EIA

Tuesday 29 September 2015

missed entry


focus out due to  important phone call during open.

this is inside previous day - so its choppy as expected.
I looked at big frame after opening AND KEEP that big frame that could create confusion...
chart selection should change to small frame after 15 minutes of opening...
if I picked the small frame - entry must be entered after 2 candle without waiting for confirmation
becoz if wait for confirmation the opportunity akready gone in this choppy mkt.

so the standard operating procedure is
1) looked at prvious day hi lo - inside or outside to gauge which better chart frame
2) preopening till 15 min - looked at big frame chart to look for potential trending move.
3) if no trend detected, switch to small frame  -to play hit and run, without 3rd candle confirmation

Tuesday 22 September 2015

Monday 21 September 2015

+7 in 2 trades

choppy market..
use Muhammad Ali tactic  - dance like butterfly and sting like a bee.
nothing fancy, just using hammer candle.

Friday 18 September 2015

+2

Line break method went off early - missed
Candle pattern play = +2

Thursday 17 September 2015

Wednesday 16 September 2015

EIA - in SIM

Wed- Sim trade.
Classic market action - waiting for EIA news before going up.
Sim short resulted in loss as its based on breakline of support that actualy a fake breakout
Only large time frame will indicate that market was waiting to explode - like in Daily chart in 30 min chart.

Thursday 10 September 2015

+ 3

Entry : Short, Follow plan
Exit: price not moved as expected - market reversed long.
(Wed , no EIA)

Monday 7 September 2015

Confident to trade on Monday

Waited 1 hour in dead market.
Opened economic calendar to check possible reason - holiday labor Day in US...
Now I felt like an idiot and genius at the same time..

Tuesday 1 September 2015

After several hours..I wait the only setup of the choopy session then...

my wife called me to look at her faulty hp...
I know the market will move...
cause my wife is a good market guru...
Lost oppo to short valued USD 225...

BTW: I followed simple rule - candle close - it saved 2 times - proved it validity to my setup.