Day Trading & Forex Forum

tenbobtrader

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

tenbobtrader

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

tenbobtrader

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

tenbobtrader

Eur / USD

flat at the moment

range 14076 - 12509

tenbobtrader

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

tenbobtrader

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

tenbobtrader

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 !

Splitlink

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.