tenbobtraders Journal

Position trade ideas and execution

Indices, GBP/USD, EUR/USD

My main goal:

Maintain focus on long term trade ideas, execute trade, follow idea to its conclusion

The Journal will have my thoughts and ideas written down, modification of ideas etc

The Journal will give close to live entry update if a resting order is not used

The Journal will have stop and target price levels given at entry

I will not enter into any method or selection of price levels debate etc and ask mods to remove any rubbish other than my own

The Journal will have more than enough detail for any one interested to play dot to dot with the levels given, I will answer a serious question via pm if I get some spare time and the question refers to a Journal entry or entries

post from ftse swing thread

flat at the moment

"consolidation within the range, the rise bottoms formation HH HL, flat top at R, drop of in ATR and volume

imho all signs of false moves to follow shortly, shakeout ! Long and Short retail stops trailing in tight, nervious profit taking from the Long riders

ftse looks to be just holding its range, possible range extention into news event (Long opportunity) and perhaps then we will be able to make a longer term call on direction

watching NDX and OEX, volume interesting on latter (shows up well on a p&f chart) (stockcharts.com) EOD

favour it resolving Long, failure of the trend to continue and perhaps we could see the famous slow decline for ever !

printing a lot of funny money at the minute, must effect number value I would have thought"

looking to long ftse and time entry off US major Indices locations

NDX OEX SPX = main watch list, range, volume, wk & day tf

initial ftse price entry (subject to chang/ news events/reaction) 4258-4282 sept sb forward

GBP / USD

flat at moment

trend week up, obvious R at 50% retrace at 17253, price forming possible flag

day double top in play, full consolidation possible / range 15980 - 16580

price is pig in the middle

Eur / USD

flat at the moment

range 14076 - 12509

Eur / USD

thoughts:

long term Bear on the pair, Germany is going to require very large shoulders, to many weak components

range entry 12509 - 14076 sept week close price

H1 possible range entry at high

resting order at 13883, stop 13910, target 12730

Eur / USD trade triggered at 13883 (13:55)

Stop as per post at H1 location 13910

Stop will be moved to BE if hour range low price level reached at 13820

Eur / Usd

Stop out at 19:10

result - 27

resting order at 13889

error on original order level, original fill location and time not effected. Human error !

Can I?

Do you leave your computer? I see that you could have made a few points later but let it run into a loss.

This is one of my faults and one that I am trying to correct. The problem is that potentially better profits are lost if one closes out too soon.

If you want this post scrubbed, pm me, no problem.

Good trading.

no problem, here till noon

Splitlink said:

Can I?

Do you leave your computer? I see that you could have made a few points later but let it run into a loss.

This is one of my faults and one that I am trying to correct. The problem is that potentially better profits are lost if one closes out too soon.

If you want this post scrubbed, pm me, no problem.

Good trading.

Click to expand...

Split

no problem, here till noon

Yes if I am not day trading, not at my pc, check trade from time to time, for Stop move to BE or Mid etc or re-set order if applicable, whatever happens or I see I do not exit before the Stop hit (cost me to much over the years)

thanks for pointing that out, I feel much better

agree Split, but no point working out your method then deciding to apply some discretion when price is the wrong side of you ! even if it was the 1st trade

prefer to use that discretion when price on the other side of me

trade was Stop target based on H1 tf all pre determined months ago, bang the numbers into my excel and out pops my stop (H1 target detail, Higher tf target than usual, stop to BE or mid at discretion/clear latter if you follow journal)

my valid stop in the higher tf is well outside my account risk on this one Split so opted to use H1 and try and get one going at valid level, risk control in that tf

(Full risk would be 448 pips and sure I can do better via H1 on this one, we will see !)

have H1 resting order at same level


"This is one of my faults and one that I am trying to correct. The problem is that potentially better profits are lost if one closes out too soon."

one of mine to Split, hence the Journal for my higher timeframe trade ideas and execution

see if I can get my hands on some of that potential profit

thanks for your interest

good trading

thoughts posted on ftse from the swing thread

"7th may high vol bar actual which showed up less well on futures

3 day continuation signal, possible swing low at the time, no volume at take off, then high"ish volume at the re-test of the high (narrow spread)

condition:

1. failure or false start in place

2. 7th may bar possible cap

from that point on I assume market in range and trade with appropriate strategy or remain flat until resolved

think it was barjon who posted some time back when someone wanted to no how you no its a swing low "you just have to assume its a pullback was the quick answer given"

Do not use any indicators at all Tomorton, would have thought they are pretty useless when price is in a low volume range and rotating, do they not almost just flat line themselves ?

all patterns printed in a range are not continuation patterns imho, if they look like continuation patterns its because you have not defined the market conditions

if in range, fake shake fake shake from one side to the other, chop chop !! pain for many

ie: range or trend ?

news out ! its a range ? I hope"

Jury out at the moment, wait for UK and USA close

Sat on hands

Eur / USD trade triggered at 13889 (19:05)

Stop at 13920 move to BE if price hits 13820

Target 12730

Eur / Usd

Stop out at (06:10)

result - 31

resting order at 13889

ftse and others

changeover day, out for rest of day myself so sat on hands

NDX still trading high above old range, round top"y but could still turn out to be a swing low

profit taking after strong run ? volume pick up into 1st re-test of old range highs

others all at 1st re-test - mid

OEX volume into highs ! High ( p&f chart ) drop off on decline to 1st re-test

tenbobtrader said:

Eur / Usd

Stop out at (06:10)

result - 31

resting order at 13889

Click to expand...

Stop out and re-entered at stop level aprox

full update tonight

Eur / Usd

Stop out at 13920 (12:02)

result - 31

checked trade at 13:50 re-opened trade at 13908 (intra day set up / knee jerk reaction /think time) !!

Stop out - 12


Eur / Usd

running total

-101

resting order at 13889

Eur / Usd

move orders as per method / end of week adjusts

Sell Stop at 13877
Sell Limit at 13975

Gbp / Usd

no resting orders but looking to short pair

at level of interest, watch early trade next week

Major Indices

no resting orders

NDX pick up in volume/narrow range ? swing low or breakdown of trend ?

pick up in volume on ftse actual / recapture range

maintain watch, no clear directional bias


watch note to self : !

"(Full risk would be 448 pips and sure I can do better via H1 on this one, we will see !)"

Eur / Usd running total 4 trades -101 + spread (36 sep + spot 2) = -139

Eur / Usd

order at 13975 removed

trade triggered at 13877 (07:15) market Stop at 13920

if available to watch price will exit at 13902 ( M5 intra day / price action at level)

Eur / USD

price level

week / day 13852, my line in sand

tenbobtrader said:

Eur / Usd

order at 13975 removed

trade triggered at 13877 (07:15) market Stop at 13920

if available to watch price will exit at 13902 ( M5 intra day / price action at level)

Click to expand...

Out:

Stop moved to 13902 (valid H1 location)

:clap: