Thread: Joshs D/W Trades

Josh's Trades
This may comprise trades I carry on daily and weekly timeframes (and sometimes 1/4hr). My reasons for beginning :

- Accountability. I take some transactions I should not and I want to quit doing this. Maybe if I understand I have to place it for the entire world to see, I will learn quicker.
- To get my transactions organized in one place. I will be taking trades with Price Action. There are a number of things I've altered but nothing major. More simply incorporating PA..

I do not plan to perform a whole lot of dialogue here. This will be to simply show my trade(s), explain why I took it, what happened, etc.. Rather, please don't hesitate to email or PM me with any comments or suggestions you might have. I'd love to keep this thread as clean and focused as you can.

At this stage in my trading, I have studied J16's thread and price action in general for over 15 months. I demoed for 3 mos on d/w charts. Then endure for 6 mos on d/w. Also 2 mos of 4hr demo, and one month of live 4hr. 4months of demo 5min (e/u only) with BB, RSI(6 ) ), and PA and now a few months of live 5min.

Most of the transactions posted here will be contingent on the egies James16 Chart Thread https://www.nigeriaforextrading.com/...t-advisor.html

I will become profitable in the trading. I'll work at this as long as it takes. I'll use trading to fulfill the vision I have in my entire life. Trading is a means to an end for me. It is not the endresult.

Technically, a BUOB. We've been sitting on this level for some time now and have experienced pinbar shaped bars that the previous two weeks.
I took this transaction on demonion as I was not around at all to manage.

Stop moved to 1.5280, under today's (4-9-10) low.

I took this transaction much more as a breakout than a strict standards to get a pinbar. Each of the last three days have caused a testing of 1.5150 and then rejecting it, and closing close to the afternoon highs. Entered at 1.53 and watched carefully to see how price reacted on today's break. Following some sideways movement, we broke out bigger, to precisely the place I marked.

1/2 off at 1.5364, cease to b/e.

Originally Posted by ;

Technically, a BUOB. We have been sitting with this level for some time now and have had pinbar shaped bars the previous two weeks.
I took this transaction on demonion as I wasn't around at all to handle.

Cease moved to 1.5280, under today's (4-9-10) low.

Made a decision to lose this one. Not near as strong a move as others and it's just sat near the entry/drawdown the previous 36 hours.

Out in b/e

Originally Posted by ;

I entered this daily pinbar off a retracement on the 4hr. It was not a great looking pinbar on the 4hr, but it was at a fantastic loion.
1/2 off at 0.7103, cease to be. Nearly stopped out before we finally have created new highs.

Update 4-11-10: 1/4 off at 0.72136

Originally Posted by ;

I took this trade more as a breakout than a strict criteria to get a pinbar. Every one of the previous three days have caused a screening of 1.5150 and then rejecting it, and closing near the day highs. Entered at 1.53 and watched carefully to see how price reacted on the break. Following some sideways movement, we broke out bigger, to precisely the place I marked.

1/2 off at 1.5364, stop to b/e.

G/U Update 4/11/10: 1/4 off at 1.54474

Originally Posted by ;

I entered this daily pinbar off a retracement on the 4hr. It was not an excellent looking pinbar on the 4hr, but it was at a fantastic loion.
1/2 off at 0.7103, stop to be. Virtually stopped out earlier we finally have created new highs.

N/Cad Update 4/11/10: 1/8 off at 0.72136

Originally Posted by ;

I took this transaction more as a breakout than as a rigorous criteria for a pinbar. Each of the last 3 days have caused a screening of 1.5150 and then rejecting it, and final near the day highs. Entered at 1.53 and watched carefully to see how price responded on the break. Following some sideways motion, we broke out higher, to exactly the place I researched.

1/2 off at 1.5364, cease to b/e.

Exited final portion of position with this yesterday. Benefit of 0.49R overall.

Originally Posted by ;

I entered this daily pinbar off a retracement on the 4hr. It was not an excellent looking pinbar about the 4hr, but it was in a fantastic loion.
1/2 off in 0.7103, stop to be. Virtually stopped out before we finally have made new highs.

Stopped from staying 1/4 of position early this AM. I'm pretty happy about how I handled this trade. I took some off in the top trendline, which proved to be a huge stumbling block. I removed risk early on in this trade. I was mindful that I wasn't trading with the tendency, which can prove fatal without tight management on the greater tf.

Overall, profit of 1.45% over the trade.

Very wonderful jedu...I m still learning the j16 hope I will get the ideal means of trading. . .thnx once again great analyising and transactions.


Muhammad

Entered this BEOB with expectations of a retry at 0.7000. Broke the pub and nipped my stop order to input, then retrace/sat.
I dropped 1/2 of this position on the rest of yesterday's high (0.7115). Holding 1/2 for today but will look to depart well before a full bar reduction.