My Journal- My Journey to Learn Price Actions

[damntrader]

a couple years ago ,i remembered i had learned in hard way from the market.

as newbie i am too brave with forex trading without proper knowledge, i opened a trading account and lost around $20K , it is hurt me a lot and put me in traumatic state.

need one year or more so i can recovered my mental state.,and learned anything about forex trading

Today i started to trade again and opened a new account with one simple objective.
Trying to survive with minimal funds.

so deposit around $50 and for broker i use tickmill because they are suitable for my needs, they have low minimum deposit

For trading system i try to trade with price actions and EMAs,



FXBlue Trading Account Publisher


This Week High Impact News

Time using GMT+7

Mon 15 Feb :
21:00 : ECB President Draghi Speaks

Tue 16 Feb :
4:45 : NZDRetail Sales q/q
7:30 : AUD Monetary Policy Meeting Minutes
9:00 : NZD Inflation Expectations q/q
Tentative : German Constitutional Court Ruling
16:30 :GBP CPI y/y
17:00 : German ZEW Economic Sentiment
20.30 : Cad Manufacturing Sales m/m
Tentative: NZD GDT Price Index

Wed 17Feb 2016 :
16.30 : GBP Average Earnings Index 3m/y
16.30 : GBP Claimant Count Change
20.30 : USD Building Permits
20.30 : USD PPI m/m

Thu 18 Feb 2016
4:45 : NZD PPI Input q/q
7.30 : AUD Employment Change
7.30 : Unemployment Rate
20.30 : USD Philly Fed Manufacturing Index
20.30 : Unemployment Claims
23.00 : Crude Oil inventories > Spesial , news khusus oil

Fri 19Feb 2016
16.30 : GBP Retail Sales m/m
20.30 : CAD Core CPI m/m
20.30 : CAD Core Retail Sales m/m
20.30 : USD CPI m/m
20.30 : Core CPI m/m

opened 2 trades, Sell EURAUD and sell EURNZD
Sell EURAUD

Reasons :
1.Engulfing on MA at H1 timeframe
2. RSI H4 formed Hns, even now, RSI h4 already reach RSI support, but i will waiting next RSI support for exit
Traling stop activated at +100.0 pips

Sell EURNZD

Reason :
1. Engulfing confirmed by inverted hammer which is hanging on MA Cross
2.RSI H4 Formed HNS dan maybe will try to break the RSI support.
Trailing stop at +1

 

[wizard4444]

Good Luck with you trading damntrader

 

[Handle123]

What is your sample size of the method back tested? What is your MAE? What is your drawdowns, What is ave swing for time periods you are trading as ever hour the swing aves different amounts? What is best hours to trade Forex as each country has best hours. If you are a newbie still, I would not recommend using an RSI unless you become an expert in reading charting, most new traders this TA is the way to go, but unless you get to expert status in chart reading, indicators such as RSI makes it very difficult to understand, it s not just reading charts but knowing what the RSI should display when price does something, you need to know this like breathing, I am not saying RSI is useless, but after you see price structures for 10,000 hours, you can read divergences without oscillators. I would use one sma, low is better than fast moving averages as it forces you to wait for deeper retracements, faster moving averages are gears more for scalping handful of ticks or a trader who has developed into expert chart reader. Instead of trading, I would advise sim trading and when you can be profitable 19 of 20 days three times, then you ready to compete against the best in the business, otherwise that $50 will be gone.

 

[Redneck]

need one year or more so i can recovered my mental state.,and learned anything about forex trading

Today i started to trade again

deposit around $50

a couple years ago ,i remembered i had learned in hard way from the market.

Forgive my boldness - but obviously not

Get on SIM..., get it figured out (where you're consistently profitable using a reasonable approach/ methodology - with damn good risk management..., and I do mean damn good) - then go live

or not

RN

 

[damntrader]

busy all days, and just updated my journal after i finished all my business thing

opened Sell GBPJPY dan Sell GBPUSD

My reason sell both pairs are they had big engulfing on MA cross (look at magenta rectangle)
and i am positive , when i post issue about Brexit, it may happen in near future.

Closed with profit
and after some drawdowns with my account in 8 days, finally i can banking some nice profit into my wallet
now i am Breakeven and in profit


Requested $45 WD +$45 at 20.30 GMT+7

Recieved 20.42 in same day.

my target : to WD $1000 from $50
is it possible?dunno, let us see, how long i can maintain my trading account. and consistantly banking some profits into my wallet

 

[damntrader]

What is your sample size of the method back tested? What is your MAE? What is your drawdowns, What is ave swing for time periods you are trading as ever hour the swing aves different amounts? What is best hours to trade Forex as each country has best hours. If you are a newbie still, I would not recommend using an RSI unless you become an expert in reading charting, most new traders this TA is the way to go, but unless you get to expert status in chart reading, indicators such as RSI makes it very difficult to understand, it s not just reading charts but knowing what the RSI should display when price does something, you need to know this like breathing, I am not saying RSI is useless, but after you see price structures for 10,000 hours, you can read divergences without oscillators. I would use one sma, low is better than fast moving averages as it forces you to wait for deeper retracements, faster moving averages are gears more for scalping handful of ticks or a trader who has developed into expert chart reader. Instead of trading, I would advise sim trading and when you can be profitable 19 of 20 days three times, then you ready to compete against the best in the business, otherwise that $50 will be gone.

i just can say thx for your advice
my sample size ? well, i had forward tested this trading system with 1:2 RR , few years ago, and i can make nice profit if i were patient. waiting the best signals. and few years ago i can hold my trade up to 2 weeks. which is i can not do it right now.
average trade durations : dunno. maybe 2hours to 1 day?
about RSI, well i learned from my guru/ mentor, and he even teach me how to calculated RSI abnormality and combine it with the chart it self. but to be honest, i am not even mastered this RSI.
anyway thx for your advice, and $50 is my risk

 

[damntrader]

Forgive my boldness - but obviously not

Get on SIM..., get it figured out (where you're consistently profitable using a reasonable approach/ methodology - with damn good risk management..., and I do mean damn good) - then go live

or not

RN

thx for your advice,
it is reasonable approach because i learn this strategy for around 1 year. but i do not recieve the full lesson, because my mentor passed away befor he gave me all of his lessons

 

[damntrader]

i starts my day with opened trades for several pairs




Sell USDCHF @ 0.98823 SL @ 0.99073 TP @0.98190
Sell Stop USDCHF @ 0.98573 SL @ 0.98823 TP @ 0.98190
Sell AUDCAD @ 0.98449 SL @ 0.98849 TP @ 0.97449
Sell stop AUDCAD @ 0.98049 SL @ 0.98449 TP @ 0.97449
Sell EURAUD @ 1.57448 SL @ 1.57848 TP @ 1.54314
Sell stop EURAUD @ 1.56813 SL @ 1.57448 TP @ 1.54314

Reason :

Sell USDCHF
1. I saw Tower pattern ,
2.confirmed by engulfing at right leg
3.left leg already formed 2 waves

My reason why i opened Sell AUDCAD is simple , Because ad Daily Timeframe , my EMA will cross, and engulfing it self alreay formed. i just need today confirmation

For EUAUD , i use it as hedge instrument against USDCHF and AUDCAD

not bad. got good spreads when i entered this 3 trades

 

[damntrader]

My fokus today is CADJPY, to find out the best price to buy CADJPY

Spoiler

My reason why i decide to buy CADJPY
1. W pattern
2.RSI Divergence

And if we compare USDCAD and CADJPY , why i buy CADJPY because few days ago, USDCAD had strong bearish trend ,

Spoiler

and tonight we have crude oil inventories news and as far as i know , OIL and CAD have strong correlation

 

[damntrader]

Yesterday i made +$55 profit and request for Withdrawal

,

Spoiler

Request @ 18:12

Processed @ 21:12 GMT+7

Buy CADJPY
Chart CADJPY

Spoiler

Because CADJPY spreads are low, i can trade this pair
Reason buy CADJPY : Strong Support area

got 1 pip spreads

before GBP News, i tried to catch the trend