Hendrik Trading journal

[Xol]

you mean the bullish engulfing at 7AM GMT?

[HENDRIK]

you mean the bullish engulfing at 7AM GMT?

Yes that's right it crossed the 5 day SMA and S1
H1 & H4 are essential to watch and the daily
take the 5 day SMA and apply it to the daily chart from 11 Jan as the price price crossed the 5 day till today 1585 pips and if you added along the way with another 5 orders!!!

[Xol]

Hendrick, what S1 stands for in your indcator (fibonacci?)
It is clear that it has been an amazing and profitable rally since Jan.
We might have a little short option right now.

[Xol]

Sorry Hendrik, I do not understand this: " as the price price crossed the 5 day till today 1585 pips and if you added along the way with another 5 orders!!! could you reexplain i do not get your idea there.

[HENDRIK]

Hendrick, what S1 stands for in your indcator (fibonacci?) NO, IF YOU WORK THE DAILY PIVOT AND SUPPORT AND RESISTANCE LEVELS - MY BROKER HAS AN INDICATOR FOR THAT SO I DON;T HAVE TO WORK IT OUT MANUALLY
It is clear that it has been an amazing and profitable rally since Jan.
We might have a little short option right now.

YES I'M SHORT FROM 4498 BUT IT MIGHT CONSOLIDATE FIRST

[HENDRIK]

Sorry Hendrik, I do not understand this: " as the price price crossed the 5 day till today 1585 pips and if you added along the way with another 5 orders!!! could you reexplain i do not get your idea there.

SEE TRADING SYSTEMS: "MAKING MONEY IN NO MAN'S LAND"

[HENDRIK]

FALLING TOPS ON M5 RESISTANCE AT 4518

short at 4498 sl 12 --- too tight --taken
short at 4494 already 50 pips in profit as the price crossed blue
sl/ to b/e
target 4380
closed for 45 pips

[HENDRIK]

COWBOY TRADE
WE HAVE A RISING NARROWING CHANNEL AND UNDERNEATH A BEARISH WIDENING WEDGE

price crossed H1 blue; histogram of M15 beneath zero; M15 s/s at 07:45; histogram on other TF's falling.
short at 4481 sl 4515 targets 4406 = 100% of M5 Fib and today's low;
and possibly 4390 being the bottom of the wedge currently the opening of the wedge is about 90 pips
Now 45 in profit as price crossed the bottom of the channel and top of the wedge and right through pivot
short again at 4481
closed both trades for 117 pips as price reach the bottom of the wedge

[HENDRIK]

TRADING WITH THE TREND

M15 histogram higher than signal; H1 hammer & bullish engulfing; price back in the wedge
long 4399 sl 3 pips beneath today's low, target 4485 the top of the wedge and bottom of channel; 4519 100% of M15 fib
pending 2nd long at 4420 when it will cross the H1 blue
pending 3rd long at 4475 when it will cross H4 blue
adjusted sl of # 1 & 2 to 4455
sl taken total # 1 +55 & # 2 +35 = 90 plus the short earlier +117 = 207 pips

[Xol]

Very helpful Hendrik. Hope it will now confirm by cross the MA20. So far histo is fairly ok as well. Do you see any resistance before the big one you stated in your post?