I posted the trade on May 21st to complete the whole week trading post. Unluckily I have to spend my weekend to prepare 2 post including this one.
GBPUSD: 10, 44, 32,
30, 18, 9, -3, 27, 19, 17, 16 = 219 Pips
EURUSD: 19, 19, 0,
20, 16, 1, 1 = 73 Pips
Total: 292 Pips
The total
Pips gain this full week trading:
May 21st : 292 Pips
Total: 1.748 Pips
Finally, this post
on the trade May 21st - 2012 would complete the trade for the whole week five
days. You will see the wrong trade just like the other post. Learn the
situation when I loss -3 Pips on GBPUSD and several trades of EURUSD that I
scratched and scratched. If I were loosing focus and wasn't read bar by bar
price I would have given back some of my profit to the market. This wrong trade
would be a huge loss if dealt differently.
Some of the trade on
EURUSD I would call a wrong trade since they were not move in my favor as
expected. I know that a member forum say that I spent a
lot of chart time. Indeed but look at the gain. I know that many traders still
expecting a stress free trade, set and forget trade. Tell me if you were not
stress when your stop keep being hit and you lose money. On the other hand I could
have close the wrong trade in profit without waiting for the price hit my stop.
You might think that those would be just a small profit, then read my post on
trade may 24th, it was accumulated more than 300 Pips.
It was Lance Begs
YTC-PAT taught me this. So I would directing traders to his site as he
requested in return of his kindness to share his knowledge. (Although I know
that Indo-investasi forum provide the link for free). It was YTC-PAT taught me
to trade Dual monitor (Next week would be three screen, I have to order another
screen and usb to vga adapter from the capital of Indonesia as I am currently
at the very remote small island for a tour of duty), have higher and lower
time frame chart, trade evaluation, rehearsal
etc. But Lance Begs apply it on the Support and Resistance line while
for me at the Supply and Demand area. Again I should also thank Sam Seiden for this
Great share of knowledge.
Still some criticize
people that giving a good sharing: why would they sell system if they really
making money with their system. I also aware that my way of providing real time chart
and pips gain as indicator show at stage to stage is still not enough (instead
of showing complete chart and an empty
claim that I made more than 800 Pips during this move).
I believe they are doing this not for money.
Some people doing things not for money. Some enjoy teaching and sharing.
I will post the
trade on GBPUSD first, yet both trades on GBPUSD and EURUSD were taken nearly
the same time. You may notice that in this picture the Divergence line of LST
System (still in the forum some asked what LST is, it is Forex LST System ofVladimir Ribakov) were missing as the picture taken today on May 27th.
This is the picture
of complete move GBPUSD M15 on May 21st:
Pic-1:
H1 chart (not shown
here) has shown indication that the correction on the large bearish move has
ended. There were a fading of bull strength and the price has been rejected
several times by a Ceiling (yellow circle). I was a little bit late to open the
computer so I miss the trade at the end of Asian box. I took the first trade at the last circle
when price made two Pins to the high
Pic-2:
LST has showing
Regular Bearish Divergence. Look at the
chart M-1 (top left), price rejected by blue line (MMM). I enter 2 initial
units. First TP above the next Demand area. The first move down just miss my
first TP then price show a rejection and failed test on M5 chart (lower left). Anticipating a deep pullback I adjust the SL of
1st TP 4 pips above the last swing high on M1 while the second unit's SL under the entry lines.
This stage I am already in the safe ride.
Pic-03:
It was this Pin that
took out the SL of the first initial entry for about 10 Pips. Look at the M1
(top left chart). Two consecutive high close bullish bar failed to take out its
initial High. David Weis would call this "Lack of Follow Through". I
scaled in 2 units short.
Pic-4:
Some scaled in after
each resume and finally the price halt by the DEMAND area (Please,, Please,,
Learn Sam Seiden Method, it works all the time). Look at the Chart
M1. Twice rejection, Lack of Followtrough and I was out. See the Pips gain
indicator on the top right. The last scale in was a loosing trade -3.4 Pips
loss. But am I lost any money ,,,???
Pic-5:
Later M15 chart, LST
trigger a long trade. I was in doubt as the price has over shot the Demand
area. Only after the third long pin that I enter 2 units Long.
Pic-6:
Price rallied up to
take out my first TP.
Pic-7:
At this stage both
LST histo and scto showing a potential Hidden Bearish divergence so I close the
second unit and be ready to revers the trade.
Pic-8:13
More than enough of
sign, I place 2 units short.
Pic-9:
Price fell of to
take my 1st TP. It's on top of a DEMAND area and already late in the night so I
close the second units then turned in.
Followings are
EURUSD trade, hope that the picture are self explanatory:
Complete move of
EURUSD on May 21st taken today on May 27th:
Pic-1:
This trade was
closed a little bit earlier when I saw a potential bullish divergence and a
quick rejection on M1 and M5 chart while price still made a last thrust for
more than 10 Pips and reached its ADR as seen on the next pic.
Pic-2:
This is again a
wrong decision. I doubt the Long singnal alerted by LST as the price halted
right at the Trend Line. I forgot that Trend line, SR, Supdem could Hold or
just Halt . That's how all aspect of analysis must come to mind all at once and
when some analysis seems conflicted the wrong decision are made. As my rule, I
should just move the Stop to BE. But as my premises were bearis, I doubt the
setup provided by LST. I refined this mistake in the days of trade next. Keep
refined and refined, all of them just "return to the rule", being
discipline, a willingness to do what I know I should do. See the next pic that the price resumed up in
to the Supply area.
Pic-3:
I placed 2 units
short when the price reversed down. I scratch this trade as I closed the trade
on GBPUSD, see the candle time and compare.
