Thread: My Weekly Decision Bar Trading Direction Journal

I really don't have a lot of time to place to a journal, but I believed that if I'm sitting and assessing charts, I could too make notes of what I am doing, in hopes that I will keep growing into a much better trader. The overall concept here is to evaluate the prior weeks weekly pub and use a trading direction to be determined by it to the following week. After that, wait from the direction that it was decided to exchange in for great set-ups.

I will start with this EurUsd. According to last weeks weekly near, I am seeking to make short trades on the pair just. I'm thinking that around 1.1075 could be a good place to begin looking for short set-ups. I will look for candlestick formations/chart formations/consolidation breakout formations from the direction that I'm looking to trade.

I was able to earn some nice pips short on Friday and just wish that I was still in the trade. This approach with this particular journal will hopefully help in my conclusions. And, against a more powerful management, although allow me to stay out of transactions that might be. We are going to see. I should have pair ideas to come using thoughts and this method.

This is exactly what my EurUsd work space looks like:

GbpJpy: Weekly opinion is long, but I am getting some serious mixed signals here. I am going to exchange this pair with warning unless I find something wonderful.

EurUsd: The one thing I am seeing and can say at the moment is that based on the weekly close I will be looking for long positions. Nothing is to my own liking or is currently leaping out at me so much better. Although that monthly close looks like this pair could be attempting to go but might have difficulty making moves whatsoever.

NzdUsd - Seeking mostly for extended trade opportunities.

GbpChf: Bullish all day on the weekly. The charts on the weekly are showing me lovely black soldiers using a bullish doji. This seems like another exceptional awesome trading set-up with a great chance for an add on equity trade.

GbpUsd Direction, work space and trading outlook:

I am seeing that the weekly closed strong bullish having an inverse hs shaped on the daily. When I get the chance to I may take a chance to take amount trade but the move is to await a break of the neck line to go long. Unless something else contributed some nice bullish signal. Stocks are revealing bullish divergence on the 4h to boot!

EurJpy: I've certain bullish sentiment in the weekly candle with a 1hr bullish divergence in the stochs. I'll be seeing if I can ch this week chances to go or till sentiment changes to a short one.

UsdCad: Weeky sentiment here is unquestionably bullish. We ended with a great bullish daily pub along with a bottom with a enormous move upward with a pull back which is appearing rip for an entry. Weekly is showing a consolidation pattern for a lengthy entry at 1.3190 to get a TP move of at least 550 pips or so. Going to have to get an order in place for you. But could be great to have in down where it view it and maybe is go up out of here.

Perhaps it'll open a bit lower and if so, I'll be seeking to buy immediately! And hold for quite a very long time! Or, until my s/l is struck. . But I think it's raring to go higher!

UscChf : I will be looking for long transactions this week dependent on the weekly closed on this pair for weekly. There is revealing a wonderful flag formation around the 1hr and 30 m pub which should be beneficial for some pips when it breaks to begin using as a primary commerce searching opportunity for this week. From there, we'll need to find out what happens. Based on the 4h near, I would expect to observe a little lower motion, but once more. I am not trying to select a bottom. I am looking for the prime opportunity to go. Where the bottom might be, not taking a lot of losses by attempting to guess. However... carrying a long in the lower portion of the flag pattern might be nice for a minimal s/ risk. Potential TP about the flag would be up in the diagonal t/l I have drawn on the 4hr. I would like to remember that this might be a weekly bullish pub based on the weeks close. So, I will look for reasons and other long entries to remain into a trade that is long.

NzdUsd: According to weekly close I will be looking brief. Daily flag has busted. It'd be great to find a return to .7200, the last region of consolidation. That would be a great place to brief from. Not sure it will get there. Lets see what the charts are willing to give us. Perhaps a pullback into the rest point.