Thread: Just my journal nothing complied

On a trend basis am still looking to sell usdjpy, sell gbpusd, sell gbpjpy.

Sold usdjpy in 112.24 SL 112.34 tp your Pick

So far today all my entries hit SL but that gives me more decipline that I need to do more in comprehending the market.

I'll be updating my diary. I took sometime out to work in my trading egy and I believe I've got something worth sharing.
Currently I've a buy on usdcad in 1.2394 that I entered Friday.
Additionally just entered a buy on usdchf in 0.9571.

My stop loss for all entrance is 25 pips while take profit is from 25 pips: I input multiple entrances but my SL remain the same (25 pips) while take profit rang from 25-200 pips more.

I have reserved 25 pips in my usdcad entrance, with this I have reduced the risk on my open orders on usdcad, it extremely important that you apply cash management, I have my own method of MM.

I have to point out that timing/trading year is an essential factor when is comes to getting better entries, I favor trading European period and US season, Asian period tends give false signals.

Okey I will try starting my journal again but thus time using another approach. (mainly personal use, on account of the simple fact I prefer online journal too progr )
Basically I will be analysing currencies holistically,I will be analysing every single currencies (USD,EUR,GBP,CHF,JPY,AUD,CAD)separately (strength and weaknesses). I will be trading currencies that are Strong against weaker currency (derived from every currency index).

Core technical analysis: every week I study every single currency index, calculating every median point (above implies bullish below means bearish), now knowing low and high to figure your median point is vital, knowing how market can be noisy, deriving high and low can be complied, so I invented mine,exactly how this is done is basically looking at the weekly chart and try to find break above previous week high for high and break below previous week to get low.
Should add here for clarifiion I do my analysis during weekends when market closes, for apparent price analysis.ill be attaching charts because as we all know charts gives better explanation.


The green line is to get high and red line for low.
That is a weekly chart of this EUR index, now observing that chart you'll notice I Drew green line on previous weekly high,that will be when the price broke above previous week high, its important to note that when assessing the price, when the price breaks above initial week high,this invalidates the
(( continuing project))

For preferred time I Will trade Asian Start the first two hours and Asian close the last two hours and the European Start the first two hours and the European close the last two hours US open the first two