Hendrik Trading journal

[HENDRIK]

This morning I forgot to copy a chart of Gbp/Usd (in my peronal opinion I lately prefer trading pound as oppose to euro as it has more umf than euro for example last night euro traced to 50% of the fib as oppose to pound which moved to 61.8%)
We have turn around of the market and it made a sustained break of the pivot (1.5809) I wanted to go short but the news was due at 5:30
Took a short at 5:31 1.5725 quikly moved sl to b/e
entered another short at 5691 and move both sl's to 2nd entry
market came back to take sl's
result only 35 pips

Looking for anorther short at roughly 5770

the market did not obliged and I took another short at 5713 sl to b/e tp 5600 (hopefully)
move sl to 5693
market went sideways closed for 21 pips

Euro made a sustained break of S1 so I jumped in at the next candle

short at 2980 sl already to b/e tp 2890
move sl to 2972 that was a bad decision took me for 8 pips
result 64 pips


moved sl to 2972

[HENDRIK]

EUR/USD
Price attacked pivot but pulled back after it pierced the 23.6 of fib
took a short at 1.2859
target for this trade is 1.2790
well it started to range and I didnot want to loose my profit closed at 28259 for 33.5 pips

GBP/USD
Price did not reach the 38.2 of the fib pierced the pivot and thus virtually bounced off the pivot
1st short at 1.5674
2nd short at 1.5635
Target at 1.5560
pound too started to range closed both for 69.5 & 31.0 pips
Result thus far 134 pips

[HENDRIK]

Eur/Jpy
Price bounce off pivot 110.22
took a short just beneath the close of the shooting star at 110.048
sl to b/e
2nd short at 109.888
1st target 109.70
2nd target at 109.40

Market moved quickly but lost steam and took sl at 109.870
result only 17 pips
I MUST GIVE A TRADE MORE BREATHING SPACE

[HENDRIK]

short at 1.28724
in comparison with the pound euro is totally out performed by the pound
My point of entry was poor move sl to b/e
close trade for 6 pips

short at 1.56353
closed for 36 pips

[markelshark]

Looks like you've been on a nice win streak recently Hendrik!

[HENDRIK]

Looks like you've been on a nice win streak recently Hendrik!

Nice of you to take interest Mark. I haven't been trading for a couple of days .. either I missed a trade or it developes during odd hours (for me). Being making "biltong" I think the cowboys called it jerky meat... wel it's beef though and I use the silverside part .. it has a bit of fat. Spice it and hang out to dry and oh yes don't forget the dry sausage and nice chili bites made from the offcuts.
Mark do you do the programming yourself
Regards

[markelshark]

Mark do you do the programming yourself

I sure do

[HENDRIK]

GBP/USD
this pair in my opion (H4) is currently in a bearish triangle
On h1 at 0830 a doji appeared with a high of 5575
it retraced but did not reach the 61.8 fib
as the pound and euro are following one another and Mark's opinion that we might be shortterm bullish and a break south might be forthcoming and it did not break the trendline I went short at 1.55639 with a very tight sl at 5580 just in case it turns around.
the market went sideways for more than 40 mins before the order became positive
targets are 5545; 5525; 5500; 5470 for 90 pips
2nd short at 55419
3rd short at 5534
When 2nd target was hit I wanted to close 1/3 of the orders
Pressed the wrong hot key and all orders were closed for 63.5 pips
this was real stupid
looking for re-entry
re=enter again at 55149
all targets were hit
looking for 5405 which is 127 of fib
sl to b/e now 35 pips in profit ... hope it will pan out
TARGET HIT TOTAL 173

[HENDRIK]

EUR/USD
Haven't traded the euro for a while
took a short 1.27191 at the bounce off the upper trendline of the bearish triangle just before it reached the 23.6 fib. It pierced R1 at 2725
Targets are 2600, 2680, 2650 and hopefully 2590 being the 127 fib
2nd trade short at 1.27009
Subsequently the trade progessed to 2660 for 59 pips, but I was not not at the pc.
took the sl at 27035 and I had to setlle for 12 pips

[HENDRIK]

EUR/USD is in a triangle pattern .. H4, hopefully it indicates a continuation of the bearish trend .. I sincerely hope it pans out to be reliable
M30 made a d/top and pierced the pivot short at the pullback 1.28466 and 23.6 of the fib with targets at the following fib levels
38.2 1.28077
44.7 1.27904
Result b/e sl was taken Mark's signal of a buy above 2900 then came into play with a good 100pips