4X Made Hard

EURUSD
Drive time pips are the best, eh? Waited for a setup on the euro to confirm and went long at 1.2018 when price traversed the 15m and bounced off of the -1 and the 1H mean with all channels up. Intial target was 2.050. http://www.precisetraders.com/forex/PTS_10-20_1.gif
http://www.precisetraders.com/forex/PTS_10-20_2.gif
http://www.precisetraders.com/forex/PTS_10-20_3.gif
http://www.precisetraders.com/forex/PTS_10-20_4.gif

Drove home and price is currently at 1.2060 which is the pivot projected high and the 15M Stop raised to 1.2050 and a limit placed at 1.2070 which is the 1H +2, 4H +2, pivot level, and dyamic pivot projected high. I may take profit at 1.2060... kinda busy right now and don't want to baby sit this one. http://www.precisetraders.com/forex/PTS_10-20_5.gif
http://www.precisetraders.com/forex/PTS_10-20_6.gif

The current goal is 20 pip avg per day. It's nice when you can bang out 2 days worth of trade in one blow.

10 winners in a row.
 
EURUSD

Breakdown of some of yesterday's trades.

Waiting for a breakout. Daily showing triangle in a down channel. 4H is flat. 1H and 15M pretty flat price. 1H channel down. Typically, in down channels, price can transverse flat and reach the other side. I usually expect a continuation to the downside when price runs into the +1 in a down channel, but the overall trend isn't down. The 4H is showing higher lows and my candlechart bollinger systems is showing all the signs of a setup for long. So now it's a matter of timing using the PTS setup. Because I was confident in a long side move, I entered without a signal at 1.1943 and then also set a buy stop at 1.1956. http://www.precisetraders.com/forex/PTS_10-24_1.gif

Breakout and confirmation. http://www.precisetraders.com/forex/PTS_10-24_3.gif
http://www.precisetraders.com/forex/PTS_10-24_5.gif

Had to get in the shower and get ready for work, so I raised stops to 1.1970 and put on take profit for one position at 1.1975 that hit. I also set a buy stops at 1.1974 should price breakaway some more
http://www.precisetraders.com/forex/PTS_10-24_7.gif

Price shot up to 1.1980 or so and retraced. So I set a buy limit at 1.1974 to catch the retrace to a pivot/fib level and a buy stop at 1.1986 to set a breakout. Both were triggered.http://www.precisetraders.com/forex/PTS_10-24_13.gif
http://www.precisetraders.com/forex/PTS_10-24_15.gif
http://www.precisetraders.com/forex/PTS_10-24_17.gif

Had to drive to work so I set take profit limits at 1.2010..10 pips shy of my end of run target of 1.2020. http://www.precisetraders.com/forex/PTS_10-24_19.gif

Total on the day came to 110 pips.
 
EURUSD

Here are some trades I started yesterday afternoon after seeing a set-up on the Euro. Price had consolidated to a triangle and a break-out was what I was looking for to the upside based on the candle chart I posted in a previous post. Targets for the int. term are in the 1.2200 area. The system wasn't showing a set-up and then I got too busy doing something else and missed the breakout. The first instinct is to jump in anyway, but I decided to show some restraint and wait for a pullback and wait for the system to come inline. Daily, 4h are in upchannels with 4h giving a signal, but 1h and 15m at the top of down channels. A pullback should advance the candles on the system and flatten out the channels giving a setup and entry targets.

http://www.precisetraders.com/forex/PTS_10-27_1.gif

Price has peaked for now and the 15m chart has advanced a candle and the channel is flattening out now. If/when the channel pivots up, it will present us with entry targets.

http://www.precisetraders.com/forex/PTS_10-27_3.gif

15M has pivoted up. I placed a stop buy at 1.2093 which is the channel breakout on the 1H and hopefully enough momentum to break through the 4H mean.

http://www.precisetraders.com/forex/PTS_10-27_5.gif

I had to go play hockey, but came back to this: http://www.precisetraders.com/forex/PTS_10-27_9.gif My entry had triggered and was in profit.

About an hour later, my trailing stop got triggered at 1.2013. The 15M is in bunny mode, so now I'm looking for a chance to re-enter. The high so far was 1.2022 and I'm expecting a re-test of that area and possibly a breakout of that area so I placed a buy stop at 1.2023.

http://www.precisetraders.com/forex/PTS_10-27_17.gif

Buy stop is triggered. But 1H is showing over extended signs. I'm thinking re-trace is in order. 1.2100 would be the 61% fib retrace level and 15m -1 stand. dev. So I'm going to allow my trade to go in the red and also place a limit buy at 1.2100 which is also near the 4H EMA.

http://www.precisetraders.com/forex/PTS_10-27_21.gif

About an hour later, the retrace occured and the limit buy is triggered. I'm watching it closely to make sure it isn't a full blown reversal: http://www.precisetraders.com/forex/PTS_10-27_29.gif
http://www.precisetraders.com/forex/PTS_10-27_31.gif

After the trade is in profit, I put a take-profit limit on the new trade for 1.2165 which is just shy of my target of 1.2170 based on the Daily +2 and some info off of the candle chart. Time for bed and hopefully waking up to profit.

http://www.precisetraders.com/forex/PTS_10-27_35.gif

Woke up kinda late and after the news, so I was crossing my fingers, but this is what I saw: http://www.precisetraders.com/forex/PTS_10-27_37.gif. The limit had triggered and the first trade was in profit, so I put a trailing stop on.

Trailing stop triggered on Greenspan, but everything still says long. So I'm targeting the 1.2140 as a re-entry area. http://www.precisetraders.com/forex/PTS_10-27_39.gif

Re-entered: http://www.precisetraders.com/forex/PTS_10-27_41.gif

Since I was at work by this point, I didn't want to babysit the trade during a flat period, so I exited with profit. http://www.precisetraders.com/forex/PTS_10-27_48.gif

About 120 pips on the moves.
 
Back for more. Personal life is stabilizing and I was able to start trading again. Although, I've pretty much been on the sidelines waiting for the system to churn out a signal which finallly happened Thursday.

Thursday/Friday morning
EUR
Long at 1.1676, 1.1717, 1.1746
Closed all at 1.1766 for +100, +49, +20.

Friday
Long at 1.1740, .1.1730
stopped out at 1.1700
-30, -40

Long at 1.1717, 1.1736
Closed all at 1.1764 for +47, +28

Finished the "session" at +174.

Analysis and screenshots coming later. The last 2 entries were about as perfect as I've ever been.

http://www.precisetraders.com/forex/PTS_11-18_9.gif
 
Euro

I had been long since Thursday on a semi-positional trade that had been up and down. 1.1800 was the primary target based on the daily +1 and projected highs on the pivots and bollinger system I use. At the european open, all the signs were pointing down, but I was willing to wait out a drop to 1.1640. http://www.precisetraders.com/forex/PTS_11-17_25.gif

Woke up to this: http://www.precisetraders.com/forex/PTS_11-17_27.gif

With all trades very much in the black and price nearing my target, I locked in profit on all 3 positions at 1.1766 which triggered on the retrace.

Went long at 1.740 and 1.1730 anticipating a bounce which did not come. Stop losses triggered at 1.1700. http://www.precisetraders.com/forex/PTS_11-17_35.gif

Price is coming up off of the bottom on the 15M and close to giving a confirmed signal. I entered a stop buy for 1.1717. http://www.precisetraders.com/forex/PTS_11-17_39.gif

Stop buy is triggered. http://www.precisetraders.com/forex/PTS_11-17_41.gif

Retrace and price is ready to bounce off the 15M channel again. Stop buy set at 1.1736. http://www.precisetraders.com/forex/PTS_11-18_5.gif

2:00 PM eastern is coming up which is when O A N D A raises the spread to 10 pips. So I exit both positions at 1.1764. http://www.precisetraders.com/forex/PTS_11-18_7.gif
 
Quote from Samson77:

This was one of the better Journals on ET is it DOA or can we revive it?
More...

Sure, I can revive it. It was getting to be a pain in the ass keeping two journals going. Most of the links to images dont' work now because the friend that was allowing me to keep images on his server took it them all down.

To summarize, I did very well in December. Very aggressive with the amounts I traded. Probably a bit cavalier, but the setups were there and I swung for the fences a few times and connected.

I'm currently slowing down a bit after banking on this weeks dollar crash. Personal and work life are a bit hectic right now.

Thanks for the interest.
 
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