Hendrik Trading journal

[HENDRIK]

I'M BEHIND IN MY JOURNAL 15 MARCH 2011
FOUND RESISTANCE
short at 3943 sl 50
tp +32

DOJI
short at 3923
sl 50 tp +31

[HENDRIK]

SUSTAINED BREAK OF THE BOTTOM TRENDLINE
long at 1.3974 / 3992 /1.4000
closed all 3 at 1.4032 for +57 +40 +32 = 129 pips

PRICE FOUND RESISTANCE AT R1 = 1.4050

USED THE M5 TO ENTER THE TRADES
short at 1.4025 price reversed slightly and I put a sell limit at 1.4024
Currently both are profit but price is ranging. Tight sl of 13 pips to make provision that price might rise again
sl to b/e got 42 pips on each but had to close at 20 pips each as price reversed in no mans land
total +169

[HENDRIK]

IT'S FRIDAY AND I CAN'T RESIST THE BREAKOUT
long at 4088 tsl tight of 13 tp 4122 as I don't trust the volatility

price reached the upper bullish trendline closed trade for +41

Opened another long at 1.4112 sl 30 looking for another 30 pips closed for 20 pips
total 61 pips for a friday

[HENDRIK]

ON H1 FALLING CHANNEL WITH A REVERSAL QUALITY OF 70%
ENTERED TRADE ON M5

short at 1.4195 sl 30 and targeting S1 at 4140

on H4 price broke the upper line off the narrowing wedge
hoping this trade will turn into a long term trade

[HENDRIK]

ORDER # 2 AFTER THE PORTUGAL MESS
ENTERED TRADE ON M5 AS PRICE FOUND RESISTANCE AT PIVOT

short at 1.4124 sl 30 tp open. Histogram below signal
order # 1 was +140 ... price reversed and pierced the 38.2% on M30. Hoping pivot will be a true resistance
at the time of order # 2 order # 1 at +69
M30 a common doji appeared just outside the Boll band and looks like it will for the time being continue on it's path
Yes and it did.... threatened the sl
after 3 x ss on M30 took order # 3 at 1.4130 I can't remember if I ever saw a triple shooting star .. must be a good sign

No good sign I hope the Potugal Pig would drive the price down. It reversed and took both sl for -30 each and b/e on order # 1

[HENDRIK]

A FLAG ON DAILY
CHANNEL UP ON H4
INVERT HEAD AND SHOULDERS ON H1

taken a long just above the neckline at 1.41875 sl 25 tp open
sl taken

[HENDRIK]

MARK'S BULLSEYE CALL
price reached Mark's call of resistance
took a trade short on M5 as it crossed the 5 day SMA & histogram underneath the signal line
short at 1.4126 sl 2 above b/e tp open
will be adding orders as the price will be moving trough the blue line on various tf's
2nd short at 4110
3 rd at 4085
4 th at 4064

Looked like a retracement was in progress I closed
# 2 for +33; # 3 for +7 & # 4 -13
netto +27 pips
keeping # 1 open sl at b/e
re-enter # 5 at 4065 closed -10
Order # 1 was taken at b/e
so, this trade did turn into a longterm trade. will be looking for a bull trade at 4020/4000/3980

[HENDRIK]

FRIDAY'S TRADE
MISSED THE SHOW BY A HOUR

H4 long at 1.41832 sl 41588 tp open
left it over the weekend price in a range between 35 & 85 pips
12.00gmt price is still ranging not that one can expect anything else after Friday's move...will not consider another order if it it crosses the 5 day SMA on H4 but rather wait for a breakout of 4250 top horizontal line
Price reversed during Asian market I decided to close the trade at b/e and will look for another entry point

[HENDRIK]

4160 SEEMS TO HOLD AS SUPPORT

ENTER TRADE ON M5
long at 4169 sl 4158 a bit tight should support not hold
pending long at 4189 when price will cross the H4 5 day SMA
target will be 4206 100% of Fib M5 then the 4250 being 100% of Fib M15 then 4267 being the high of Monday Morning and should the trade hold 4297 being the 127% of H4 fib

[markelshark]

nice trade. 4250 seems to be short-term support now.