Journal of Junior Hunter (Charts & Explanations)

[Fable]

Hi guys !

In order to not pollute CJ's thread with my noob's thoughts, I start this new topic.
In one sentence: this is my story of fox hunting

What I will do:

- Post pictures with charts
- Explain the story they (aka the fox) tell me
- Spot what I think is fox'tracks

What's my goals:

- Improve myself in trading and be more consistent
- Build this topic as a journal
- Help others in the best of my ability
- Obviously to kill some foxes

What I expect from you:

- Advise me if you know better
- To forgive my English mistakes, it'sn't my mother tonge
- To enjoy this topic

That's all... for the moment.

Now let's hunt this sneaky animal !

Cheers,

Fable

[KevinT]

Noob it up! Be fablelous...

[Fable]

Noob it up! Be fablelous...

Thanks for support

Ok, here I go. This is NZDUSD.

As you can see on H4 chart we had 3 steps uptrend

Now, on M15 I see a 3 steps push up of the 3th level from H4 + a nice M pattern = fox going down ?
Well I shooted a bullet, let's see if it's gonna kill the fox

[Fable]

GBPJPY News

3 days of downtrend

W forming, fox going up ?

ps: Also notice the Stop hunt around NYopen

[Fable]

EURAUD Case study

However on a larger scale couldn't this large W indicates that the fox is going up ?

[Fable]

USDJPY Case study + Analysis

[Fable]

Hi guys !

Here some update from my previous pronostics, yesterday I took:

GBPJPY Buy: Fox killed, could have set a bigger TP
USDJPY Buy: Fox killed, idem thanks for the "news"
NZDUSD Sell: Fox injured, trade set to BE

Green lign is the entry
Red is the TP

[Fable]

NZDUSD Next episode of the story:

Today, as I already bank 300 pips, I try to no be greedy.

I add some positions to my previous one (which is set to BE).

[Fable]

I don't want to sell the fox skin before I kill it ... but this is the very best entry I ever took !


EDIT: Actually it wasn't so good, BE+1 hit

[Fable]

NZDUSD Next Episode 2

My short positions have been stopped out (BE+1, fortunately).
However, I still trust the major M pattern. I guess this is what CJ called "stopped out the bears and trapped the bulls", so I still have a bearish bias.

I took 2 other positions, one is just below the very first one have took (around 0.8405) and the other one is pure rookie mistake I took it right after my previous positions have been stopped out. Emotion ? Yep, probably. Any way hope I won't do this ever again.

Any opinion, thoughts guys ?

Cheers

Fable

ps: I also think that the last red bars on the volume indi is probably the fox at work, forgot to write it down on the chart.