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Saturday, June 30, 2018

July 2 trade plan



Priority

UsdJpy Divergent head and shoulders 1hr
GbpJpy Divergent Head and shoulders 4hrs
AudJpy Divergent Head and shoulders 4hrs
AudUsd Head and shoulders 1hr
EurAud Divergent Head and shoulders 1D

Non Prio

EurNzd Head and shoulders  4hrs
GbpAud Head and shoulders 4hrs
AudNzd Head and shoulders 4hrs


UsdJpy

Timeframe = 1hrs
Divergent = Yes
.618 rule = Still on neckline
Reject =
Retest =
15min =
MACD support =
Stop Lost > 35 pips =


GbpJpy

Timeframe = 4hrs
Divergent = Yes
.618 rule = Still on neckline
Reject =
Retest =
15min =
MACD support =
Stop Lost > 35 pips =



AudJpy

Timeframe = 4hrs
Divergent = Yes
.618 rule = Still above neckline
Reject =
Retest =
15min =
MACD support =
Stop Lost > 35 pips =



AudUsd


Timeframe = 1hr
Divergent = No
.618 rule = Yes
Reject = yes
Retest = yes
15min = yes
MACD support = yes
Stop lost = 21 pips

At 10:45 Am July 2 I took the trade
Done at 11:30 pm hiting $65 and $20 for other account
Did not exit the 2nd trade for chance to swing trade target = $100 for 30 cents per pip






EurAud

Timeframe = 1day
Divergent = yes
.618 rule = almost on the mark
Reject =
Retest =
15min =
MACD support =
Stop Lost > 35 pips =

This is one day so reject and retest is required in 1 day time frame



Non prio pics but potential










Monday, June 25, 2018

Trade Plan 6-25

EurJpy Divergent Head and shoulders 1hr
EurChf Divergent Head and shoulders 1hr
EurNzd head and shoulders 4hrs
Audchf Divergent head and shoulders 1hr


Eur Jpy

Rejection = Done
Retest = Done
15min crossover =
MACD =

EurChf

Rejection
Retest
15 min crossover
MACD

EurNZD

Rejection = Done
Retest = Done
15min crossover =
MACD =

AudChf

Rejection = Done
Retest = Done
15min crossover =
MACD = 

Saturday, June 23, 2018

This what learning can do


I strongly believe by know your identity will lead you to consistency. that is why Learning is the key essential in trading. Better know who you are and what you are as a trader. you can try other strategy for you to see if it fits your personality but you can never copy it even though it bring a lot of money to them.

Thursday, June 21, 2018

trade plan 6-21

UsdJpy 1hr Divergent head and shoulders
NzdJpy 4h Head and shoulders
EurCad 1hr Divergent head and shoulders
AudCad 4hrs and 1hr Divergent head and shoulders
EurJpy 1hr Divergent head and shoulders






UsdJpy

Forming the right shoulder
Rejection  = Done 
Re test = Done
15 min crossover = Done
Macd confrim = Done 




Upon retest crossover of 15min was in progress which given me favorable 24pips stoplost
pepperstone = .05 target goal $44
Capital index = .07 targe goal $36
Capital index = .04 target goal $33
Total target $113 +15
Total risk $53 + 5
Ratio 1:1

Upon first pull back strategy which has the pattern of flag on 5 min i create new entry
pepperstone = .03 target goal is $15 55pips stop lost on the tip of the 5min flag pattern

HUMAN ERROR
  • instead sell i click buy lost 0.22 cents
  • entry on the flag channel is not on the exact position im 5 pips behind the mark advance set up is recomended
Profit
1st trade at .07 target goal reach $36 at 10:33 pm




NzdJpy

Forming the right shoulder
Rejection  = DOne
Re test = Done 
15 min crossover =
Macd confrim =

5:16 new Rejection form but close before the first rejection


EurCad
potential advance trading
head to neckline at 4:58 pm

Forming the right shoulder
Rejection  =
Re test =
15 min crossover =
Macd confrim =

Structure not form right shoulder is higher than head.
remove from watch list


AudCad
waiting to reach 618 on 1hr to form right shoulder

Forming the right shoulder
Rejection  =
Re test =
15 min crossover =
Macd confrim =


EurJPy

Forming the right shoulder
Rejection  =
Re test =
15 min crossover =
Macd confrim =


Observation:

to trade aginst the trend will consume lot of time  to reach the goal market movement is slow from your entry.



How to find market buttom on structure


Took the trade GBPJPY at 1AM

Rejection done
Retest done
15min cross over done
MACD confirm done

But the Position of the crossover candle is 66 pips which double the size allowable for Stop lost.

Solution use VIX FIX Buttom on 15 min

OBSERVATION  Doubted the system again because i violated number of pips allowed in stop lost.
  2nd time more than 30 pips stop lost I began to doubt.
  16hrs now still my trade did not push through consilidation on 4hrs


WIN trade but goal not hit Stop lost for safety trading was hit only geting $16 total in 2 account






Monday, June 18, 2018

Trade plan details 6-18




Audjpy

Rejection done
Retest done
15 min cross over done
Macd support = is not what i want to see but still i trade it here is the pic

I traded on the next candle making sure the macd that i want is in right direction number of pips is not compromise stil its 30 pips

Lost trade the MACD was right if histogram dont confirm better not trade



The trade plan is in this video










Wednesday, June 13, 2018

trade details 6-12


took the trade
AUDJPY


Rejection done
Retest done
15min Moving average cross over done
MACD confirmation done
Stop lost on favorable less  30pips away




As of 6-13 Asia time retest was form  which created new oportunity if this will be  followed



at 5:04 pm of 6-13 philippine time my running profit is now negative 50 cents since the retest is about where i start my trade. What is testing right now is my faith to trust the system I created but since i consider this a retest for this time i move my stop lost on structure based which is from 30 pips to 20 pips.


OBSERVATION

Along the way if Rejection come prepare for retest because of this a 30 pips take profit must observe to have one step forward to the market. I did not do this on this trade since my brocker doesnt allow me to trade anymore Next time i will be trading .05 so that i can observe 30 pips take profit. creating 2 trades which boost the percentage of winning.

15 min cross over = breaking the retest in 1hr

ENHANSMENT
USDJPY
head to neckline

15 min cross over did not break the 1 hr retest the market went to opposit direction which will be a potential Lost trade.  Start of the HEAD look to the left for Support and Ressistance.

1hr Rejection , 1hr Retest, 15min crossover and MACD confirmation is not enought to start to trade from Head to neckline







Trade Plan 6-11

Currently waiting for the 4 currency
Aud Jpy = Divergent head and shoulders 4hrs
Aud Usd = Divergent head and shoulders 4hrs
Usd Jpy = Head and shoulders 1hr
Gbp Nzd = Divergent head and shoulders 4hrs


Changes on the system
.618 on AudUsd might not follow for the reason it dive down so deep that nearly destroy the head and shoulders pattern. but still I strictly follow rejection retest and 15min crossover back up by MACD.

New things
1. AudJpy = is under 618 which im going to consider for the same reason on AudUsd


Since im waiting on right shoulder I dont have any data to encode but to follow the enhanced version of entry point guide.

USDJPY
1 hr rejection done
1 hr retest done
15 min crossover done
MACD confirmation = NOT CONFIRM - did not take the trade





GBPNZD
1 hour rejection done
1 hour retest done
15min cross over done
MACD confirm

traded at exactly the crossover was seen which make it advance. the reason for it is I might not get enough pips which will make my trade size low. since stop lost is more than 30 pips I lowered my trade size to .4 lot. which risking 72 pips = $19.62 and the take profit is 76 pips = $22 dollars. ratio is almost 1:1

LOST TRADE - points to remember is the stop lost must not more than 30 pips and the structure must be clear on direction of the shoulders. however my analysis was still correct due to 76pips i was not able to set my stop lost to favorable distance where spread was not considerd and if followed the 30 pips rule out i have already profited.

Solution
 1. 2nd trade 30 pip rule 1:1 do not trade above 35 pips stop lost






Tuesday, June 12, 2018

June 9 trade details


Took the trade at 12:00 AM June 9 to AudJpy pair going up.
NOTE follow the rules in the formation of shoulder which i traded only 50 cents per pip since i still dont have proven system from neckline to shoulder.

the stop lost is still on 30 pips away which i maintain and make sure that it has to be exact on structure

Since this was not done on friday at monday i just took $10 dollars and stop the trade. for the reason I might miss a better oportunity on monday. however still if i have follow the plan it still hit my take profit.  meaning system used on right shoulders can be used on neckline to right shoulders.




Saturday, June 9, 2018

Advance Trade setup rules


4 Key factors to consider before laying down advance trade.

  1. 1 hr time frame head and shoulders
  2. Divergent head and shoulders (if you dont know this better scan my youtube channel)
  3. From neckline price must reach above .618 retracement
  4. Measurement of .618 retracement must only 30 pips above it will not be considered. 



Thursday, June 7, 2018

Trade Plan data Jan 7


Created  8 Currency Pair trade Plan 


EurCad Divergent Head and shoulders 4hrs
AudJpy Divergent Head and shoulders 4hrs
EurChf  Head and Shoulders  4hrs
EurNad Divergent head and shoulders 4hrs
GbpJpy Cypher Pattern 4hrs
GbpNzd Divergent Head and shoulders 4hrs
AudCad Head and shoulders 1hr
AudUsd Divergent head and shoulders 1 hr

          The reason I choose those trade Plan since all of them are my highest profit  based on pattern trading and I have develop the enhanced version of entry point design for right shoulder entry. which for this past 2 weeks the result was very satisfying



My Priority Currency Pair 

AudUsd 
Reason
  •  it has the potential of advanced trading
  • 1hr time frame and based on MACD indicator its a divergent (signiture trade that never fail me)

AudJpy
AudCad


Reason
  • 1hr time frame where i can test my enhanced version of entry point on the head to neckline
  • Divergent head and shoulders  

Trade I took
AudUsd

Reason
  • I want to test my enhanced version of entry point in the head going to the neckline 
  • I want to find certain flaws 
  • I want to develop certain system from head to neck line
  • I Want to profit in the Divergent signal that starts from head since most cases head and shoulders are not form 
Factors that contribute in placing a specific trade
1hr rejection done
1hr retest rejection done
proceed to 15min for entry
Was not able to trade on the crossover for the reason the Macd doesnt support it


Wher did i put my entry point?


proceed on 5 min time frame used the market checker and identify support ressistance . my entry point is right below the support and ressitance with is sellers area . (pull back strategy 5min)

tools i used support and ressitance on 5 min chart i use 5 min chart since the crossover in 15min chart is less than 30 pips. 


Stop Lost


for the stop lost is in the tip of the head then for the take profit it is on the  structure level in 1hr time frame which is near neck line. I did not put take profit at exact neckline for the reason the head and shoulders my perform slanting neck line.

Since this is a test drive trading and my enhanced version law was not followed i traded 50 cents per pip plus i plan to move my stop lost once the market break the 3 fractals below in 15 min time frame.




Was not able to trade on 
Audjpy and AudCad head to neckline

The law on rejection and retest in 1hr given but as i proceed on 15min the cross over was already in place so i need to wait for another down crossover of MA. if ever no crossover then I will not trade from head to neck line.  This is the law i follow on enhance version of entry point right shouldet to save me from possible trap on consilidation that will lead to the opposite direction ang high potential of lost trade.

TRADE RESULT
AudUsd

Force to move stop lost to almost break even, earning only 35 cents 7 pips for the reason a rejection was formed in  4hrs. following from experience higher time frame rejection is much reliable.

'Hopefully Im right this one of the reason my original trade plan is altered for the reason of new contributing factors that affect it.  like example in the pic"



ObservationAfter the rejection and retest cross over of 15min time frame and MACD doesnt support it there will be a a consilidation and possible bounce on opposite direction.








Wednesday, June 6, 2018

Know your Identity




To know your identity is to identify your good characters. In trading this good characters must be supported by good habbits that you consistently discipline yourself.

Couple of weeks ago i was anouncing for my book however i still have 1 final chapter to make which is the How to identify yourself  as a trader. In my early stage of learning forex a question pops out to my mind. a question that will explain everything and make learning forex easier. and that question is Who I am????

As i have continually ask this my self there wher a lot of answers that i wrote but unfortunately most of them are negative - and kinda negative. Im not gonna list in details but what im going to show you is a guide to identify yourself as a trader.

Guide  (A)  to know your identity

  1. List everything you knew about your good character
  2. in every good character you wrote down write a detail explanation about what you did consistently to have that good character. 
  3. List everything you knew about your bad character
  4. in every bad character you wrote write a detail explanation about what you did consistently to have that bad character
  5. Know your Calling in Life - this is kinda hard but it will be advantage if you knew your calling. In case you dont then find a deeper reason why you want to be a trader.  when i say deeper it has to be the last rope your holding when everything is falling down. cause believe me outside force and situation will make trading hard that most of the trader will give up.  
  6. As a Filipino you have to know the strength of pinoy. So for this part Im going ta ask you to do some research about 
  • History of Filipino (who they are before sapaniards came)
  • Why Filipino is good in cover music video???
  •  If you are to be with foregners in the room do you tell yourself that they have better idea or explanation than yourself? if yes explain in details then search deeper about the strength of pinoy. If No then explain the contributing factors of your answer. 
  •  Find out about Filipino Leaders (Pauliticians) 


  1. watch bonifacio movie
  2. watch Rizal movie
  3. watch Gen Luna movie
  4. search deeper the good side of Ferdinand Marcos
  5. Know the crownies of Ferdinand Marcos and their role today


The above Guide A will clearly tell your self who you are as a person and who you are in your community. if you miss this guide then there will be great chances for you to give up trading or to copy what others is doing which you believe it will bring profit to your trade.

The main purpose of Guide A is to boost your confidence and to tell  yourself that you are built for something great. It doesent mean on trading but something big and great.


Guide (B)


1. you are oblige to read books. any financial enhancement book is good. For a start I need you to write a book report on

     1. my maid invest in stock market - by Bo Sanchess
             Write something about compounding and its application to yourself

     2. Poor dad Rich Dad - by Robert Kiyosaki
              write something about mindset because that is your identity

     3. CashFlow Quadrant - by Robert Kiyosaki
              Write something about Quadrant  and cashflow plus the application

Reading books is one of you good characters because it bring knowledge.

2.  By know if you are trading in demo. You must have a journal note book. No journal no trading policy.

On your journal make sure you will have this content
  • Time and date you created a trade plan - (analysis of the market)
  • In trade Plan what currency and what time frame you took the trade. 
  • The tools you used (5 basic tools)
  • Modification of tools and reason for modifying it. 
  • What are the contributing factor why you took the trade. 
  • What are the contributing factor why you identify the direction of that pair
  • Win or Loose write the details how many pips? did your take profit was hit. do you follow Money Management. 
  • Win trades what are the factors that you can improve your trade. 
  • Loose trade time and date currency pair, tools and reason for taking this trade. How can this be the ringer on your head not to do it again. 


3. Find a coach for them to check your perfomance.
4. Find a group community  that share their downfall and success in trading.
     

Guide B is more on characters that you need to adopt as your identity, this will protect you on inconsistence.



Saturday, June 2, 2018

Best and Worst trades

One factor to determine what kind of trader you are is by having a journal on all your trades. this include of course the loose trade. a journal that explain why you took that trade. It is a must that you have enough data on currency pair and its time frame of trades, the tools you used and the indicators that encourage you to take the trade.