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Journal of Junior Hunter (Charts & Explanations)
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Author:  Fable [ Wed Apr 03, 2013 5:23 pm ]
Post subject:  Journal of Junior Hunter (Charts & Explanations)
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 :D

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 :twisted:

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
Author:  KevinT [ Wed Apr 03, 2013 6:05 pm ]
Post subject:  Re: Journal of junior hunter
Noob it up! Be fablelous... :lol:
Author:  Fable [ Wed Apr 03, 2013 6:13 pm ]
Post subject:  Re: Journal of junior hunter
KevinT wrote:Noob it up! Be fablelous... :lol:
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 :twisted:
Author:  Fable [ Wed Apr 03, 2013 6:58 pm ]
Post subject:  GBPJPY Analysis
GBPJPY News

3 days of downtrend

W forming, fox going up ?

ps: Also notice the Stop hunt around NYopen
Author:  Fable [ Wed Apr 03, 2013 7:23 pm ]
Post subject:  Re: Journal of junior hunter
EURAUD Case study

However on a larger scale couldn't this large W indicates that the fox is going up ?
Author:  Fable [ Wed Apr 03, 2013 7:32 pm ]
Post subject:  Re: Journal of junior hunter
USDJPY Case study + Analysis
Author:  Fable [ Thu Apr 04, 2013 10:34 am ]
Post subject:  Re: Journal of junior hunter
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
Author:  Fable [ Thu Apr 04, 2013 2:18 pm ]
Post subject:  Re: Journal of junior hunter
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).
Author:  Fable [ Thu Apr 04, 2013 2:49 pm ]
Post subject:  Re: Journal of junior hunter
I don't want to sell the fox skin before I kill it :twisted: ... but this is the very best entry I ever took :mrgreen: !


EDIT: Actually it wasn't so good, BE+1 hit :cry:
Author:  Fable [ Thu Apr 04, 2013 6:54 pm ]
Post subject:  Re: Journal of Junior Hunter (Charts & Explanations)
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.
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