tradingjournal101_

tradingjournal101_ Updated 

Picture perfect break and re-test on the 4H timeframe. Sell stop at the white level, as was waiting for confirmation by letting it break the uptrend trendline.

tradingjournal101_ Updated 

AUDCHF correction move on daily. Looks like it's ready to go up on the 1H timeframe. Usually, I would have done a market execution but this way seems safer? (For future note, the coronavirus is having a heavy impact on the markets, so take this into consideration when looking back at this trade as it is definitely a factor). Trade posted Friday night, 20th March...

tradingjournal101_ Updated 

GBPUSD has come to a major support zone which hasn't been seen since the uncertainty about Brexit. Although a break of this area is possible given the strength of the US dollar recently and the coronavirus only getting worse, this trade could be possible, given it moves above 1.22 and re-tests. Otherwise, I will not be looking to take this trade.

tradingjournal101_ Updated 

After the huge surge upwards breaking the downtrend, this stopped out a lot of traders in the sell positions, as well as wiping out buyers who were trading the breakout when it came back down. This move can only mean that the banks have accumulated their positions. Now that price is sitting above the blue level, this may entice people to buy the bounce, but this...

tradingjournal101_ Updated 

I see too many possibilities with this trade. One year ago I would have gone with a sell no matter what right now. However now, learning how to use volume and a little more about the banks this may have been perfect for them to ready their positions to take it up, especially with the amount of momentum. Below will be some notable possibilities that I see. I want...

tradingjournal101_ Updated 

Note that the analysis is purely based on supply and demand levels purely for journal entries. Due to the coronavirus fears, the market could still be heavily affected by it, as seen in the past week where the pair has melted hard, as opposed to going up as people were speculating (too many people panic buying?)

tradingjournal101_ Updated 

Movement on Monday morning re-tested the upper trendline. Looking for a pullback to the bottom of the channel and possibly buy. Risky SL but looking to see if movements like these are worth trading.

tradingjournal101_ Updated 

JPY looks to continue its strength due to the coronavirus. Market opened with a gap to the downside over the weekend as evidence of this. A pullback has been made from a minor turning point which allows for a good entry for this trade.

tradingjournal101_ Updated 

I feel that many traders will identify the blue area as a good place for a buy trade, since price has broken out of the trendline and above the blue area. They will then anticipate a break and re-test where that blue area will be filled with many pending orders, with their SL below it. Faking a small move will cause them to panic buy but the banks will take all of...

tradingjournal101_ Updated 

Trading against the trend. Instead of looking for pullbacks to zones on smaller timeframes I am looking to see if it will go up all the way to the top of the descending channel. As highlighted, when the market has come to the bottom of the channel there is an increase in volume followed by a move to the upside.

tradingjournal101_ Updated 

Comments for details NOTE: This is a journal, NOT a signal!

tradingjournal101_

A speculation with no analysis on the market - just simply using previous movements to see whether it will follow it or not. NOTE: This is not a signal! Just a journal to see how the market will play out

tradingjournal101_ Updated 

Are outer trendlines better or ones with more rejections? NOTE: This account is purely for documentation of trades and personal use.

tradingjournal101_ Updated 

EURUSD has come back into the play for bullish moves. Looking for it to perform a break and re-test on the support level as well as the broken trendline, to confirm that we can still trade from it. NOTE: This is not a signal - it is a journal to see how trades will play out.

tradingjournal101_ Updated 

A very clean chart on EURJPY. Uptrend broken. Looking for it to pullback as resistance and drop. Testing to see if setups can be traded in this way or do we constantly have to monitor charts for rejection? NOTE: This is a journal purely for documentation and NOT a signal!

tradingjournal101_ Updated 

By looking at the naked chart you can see very similar movements in this currency pair. Could the same thing happen again?

tradingjournal101_ Updated 

Nice reward : risk trade. Price has respected the trendline. I feel as if it is going to fly in the coming days/weeks.

tradingjournal101_ Updated 

Retail traders are selling a false breakout! Market is supported by the uptrend trendline. Banks will hunt their stop losses!