Time of entry: 11am Reasons for entry: - Break and retest of weekly support turned resistance - 23.6 fib from highest high - Recent downtrend Lessons learned: - Big US data can shake the WHOLE MARKET - TL was abit above so that was one way it could have went wrong but that was it so I entered
Time of entry:11AM Reasons for entry: - 3rd attempt to retest support - 50 fib - TL touch Lessons learned: -Theres always a bigger picture, don't chase the short term move, let the long term move come to you - There was a H&S with a sharp impulse down so I shouldn't of entered buys after the move already happened really on the left - Real long term buys were...
Time of entry:11AM Reasons for entry: -Downtrend -B&R of 4h support -50 fib - Weak £ due to Brexit fishing arguments with France Lessons learned: - NO MATTER HOW GOOD THE TRADE LOOKS ALWAYS CHECK THE DXY FOR DOLLAR TRADES
Time of entry: 11AM Reasons for entry: - Downtrend - Break and retest of support - 38.2 fib Lessons learned: - Non really I didn't enter on any news, the resistance just wasn't respected
Time of entry: 17:00 Reasons for entry: - Break and retest of daily res - 50 fib - TL touch Lessons learned - Closed out early by aggressive trailed stops because of normal structure being broken, 61.8 coming up - TRUST YOUR ANALYSIS, KEEP EYE ON DXY ON ALL USD TRADES
Time of entry: 10:15 was lucky to close out early at BE as this would have been a loss Reasons for entry: - 618 fib - Double top - Weekly res Lessons learned: - 618 was invalid as it had already played out - Double top was invalid as the previous high was broken - Broken TL 3rd touch not respected - LOOK HOW TRADE CAN GO WRONG, MORE THAN 1 REASON DONT ENTER!
Time of entry: 11:30 & 14:30 Reasons for entry: - Uptrend - 61.8 fib as midline of support - Ascending channel - 200 EMA - DXY on way down with H&S Pattern Lessons learned: - My support should have been drew from the higher timeframes (Daily) that way I would have only lost 1% as I wouldn't have been stopped out of the first trade. - Well closed out half...
Time of entry: 9:45am Reasons for entry: - Failure to close below support on daily TF - 800 EMA close to support - 4H double bottom - Bull flag Lessons learned: - Well moved stops to BE but DXY head and shoulders neckline was broken so dollar was weak so could have maybe risked half because technicals were there but correlations weren't
Time of entry: 12pm Reasons for entry: - Break and retest of daily resistance - 618 fib rejections - 2nd TL touch - Dxy at res of right shoulder Lessons learned; - It was Friday so when seeing that rejection on the 30m to the res I should have closed early - Don't get too caught up in lower timeframes, the trend was overall down so this was quite lucky to...
Time of entry: 12pm Reasons for entry: - Break and retest of daily support now res - 618 fib lining up with midline of res - Evening star presented on 1h Lessons learned: - Check sentiment before entering trades - Don't counter trend trade without valid reversal pattern, daily trend was still up - Bull flag was there too so even more reason for res to break
Time of entry: 15:00 Reasons for entry: - 3rd TL touch - 618 fib rejected - 4H res Lessons learned - Price failed to reach the support on the most recent attempt and there was another 3rd TL touch upward which I could have closed out early on - Also its not such a good idea trading the middle of a range
Time of entry: 1:50pm Reasons for entry: - Uptrend - Oil at resistance - 4H rejection to support - Daily trend line broken - Dxy at support - 800 EMA lining up with midline of support Lessons learned: - Nothing really it was just a normal loss, maybe put it down to entering a swing trade on a Friday
Time of entry: 1pm Reasons for entry: - 1h res - TL touch - 618 fib lining up as midline of res Lessons learned: - Don't trade in the middle of ranges - 1h res isn't strong enough for an impulse on the 618 - Look up the timeframes, the daily was wick rejecting our support multiple times so that should be enough for my to not wanna sell
Time of entry: 12:40pm Reasons for entry: - Downtrend - 1h resistance - 61.8 fib lining up with 1h res Lessons learned: - 1h resistance I should have waited for a close as it wasn't a 4h res - Look up the timeframes before taking a trade, from looking at it price needed to pullback further for a proper correction it especially wasn't gunna tank further on a...
Time of entry: 12:00 Reasons for entry: - Recent double top - Multiple wick rejections above daily resistance - Tweezer top on 1H -Risk on so should be strong AUD Lessons learned: - The more a level is touches the more likely it is too break and it becomes weaker and weaker and I traded the 5th touch so I should have left this one out
Time of entry: 16:45 Reasons for entry: - TL touch - Resistance rejected - 61.8 fib lining up with resistance - General downtrend - 200 EMA lining up perfect with res Lessons learned: - Keep a close eye on the reasons against you, I had a previous strong rejection support and a trend line that was against me. I could have took profit early at those multiple...
Time of entry: 11am Reasons for entry: - Break and retest of key level - Risk off - 707 fib lined up with midline of support as entry price Lessons learned: - Look at the bigger picture! Daily wicked above yesterday and had a weak close above the day before, showing price was failing to break res, either wait for a daily close above or only look for sells.
Time of entry: 11:45 Reasons for entry: - Break and retest of res now sup - Break and retest of descending channel - 1H failure to close below support - 50 EMA at support too Lessons learned: - Maybe wait for a 15m comfirmation after using only the 1h close as entry reason