12/5 – Trading wrap

Did three trades this morning.  Two good ones and one bad one.  Net Result +1.34R.  I might have further trades but wanted to get this on the blog here so that i can review them with my trading coach Paul Wallace this afternoon, as he will be stopping by our trading office in central London.  Note it really looks as if I missed 2-3 other setups on Cable, I also looked closely at the DAX and at AUDUSD.

352 eurjpy May12

353 cable May12

354 chfjpy May12

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One Response to 12/5 – Trading wrap

  1. Hello George,

    I recently wrapped up the development of my own Forex trading system and, out of the resulting boredom, did a search for other active trading blogs where I might be able to interact. That’s how I came upon your site, though our approaches to trading seem to be quite different.

    Because my judgment is tainted by any attempts whatsoever to anticipate what the market might do, I now purposely avoid identifying pivot points, support and resistance levels, Fibonacci numbers and the like ahead of time.

    I have much better luck when I do intraday trading based on price structure in the context of 24-hour market cycles, following the real-time wave-like ebb and flow of price action generated by the institutional traders, which I find relatively easy to follow using 5-minute charts, a single moving average, a moving average envelope and my own proprietary price-cycle oscillators.

    I’ll be watching your trades and reading with interest your take on the markets, and look forward to comparing and contrasting your moves and rationale with my own.

    Liked by 1 person

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