MyJournal 12 - 16/02/2024
MyJournal 12 - 16/02/2024
WINS/LOSSES COMMENTS:
- 1st try, HOW loss
- 2nd try, failed, great loss
-----------------------------------------------------------------------------------------------------------------
FUNDAMENTALS:
a) DXY - (Tues) CPI getting hotter, sentiment still rate cut delayed (bullish USD)
b) Other: CHF - (Tues) Bearish
GBP - (Wed) Interest rate non change
UJ - (Thu) GDP bearish
AUD - (Thu) Employment rate bearish
c) XAU - XAU strong fundamentally, Lobo Tiggre said 2024 bullish gold in all cases
TECHNICALS:
a) Monthly chart - Bearish, 1st 2nd week buy, 3rd 4th sell
b) Last W1 chart - Last candle was railroad
c) D1 chart - Monday/Tuesday (Weekly typical structure) bullish - bullish
- Tues/Wed expect to bearish - bearish
- Wed/Thurs/Fri bearish - bearish
*check DXY chart to confirm the thesis, 15M chart- Execute, Breakout/Pullback
TAKING POSITION RULES:
(Normal)
0.25% per position,
1) Daily/Weekly 61.8/78.6 swing, plus all conservative positions.
(Conservative)
1) Monthly 61.8/78.6
2) 2nd try after SL
3) 3rd try
4) 4th try
(Ultra conservative)
1) Monthly 61.8/78.6
2) 3rd try after SL
2) 4th try
ESSENTIAL CONCEPTS:
a) Typical structure - Monthly: Buy Buy Sell Sell / Sell Sell Buy Buy
- Weekly: Buy Buy Sell Sell / Sell Sell Buy Buy
b) Sessions - Asian/London/New York
ADDITIONAL BIAS:
a) Round psychology number 50/00
b) WeeklyTypicalStructure:
-anatomy of candle, price always push to other side first before making real move
-midweek reversalrejection/continuation > BuyBuy*SellSell / SellSell*BuyBuy
c) Daily Candlestick Pattern: doji, engulfing, insidebar/railroad
d) TakeProfit TP / StopLoss SL
Depends on:
-fundamentally / what are the news saying
-liquidity pool at Daily/Weekly/Monthly where
-averageDailyRange ADR
-catch explosive move only if direction align with weekly high low bias.
Eg. Previous day was bullish doji at daily support & it is mid of the week, do catch today explosive move to next weekly liquidity pool.
e) Entry timing recommendation
-session LONDON, NY 9-12PM GMT+8
f) Entry with discount price, use Fibonacci
WINS/LOSSES COMMENTS:
- 1st try, HOW loss
- 2nd try, failed, great loss
-----------------------------------------------------------------------------------------------------------------
FUNDAMENTALS:
a) DXY - (Tues) CPI getting hotter, sentiment still rate cut delayed (bullish USD)
b) Other: CHF - (Tues) Bearish
GBP - (Wed) Interest rate non change
UJ - (Thu) GDP bearish
AUD - (Thu) Employment rate bearish
c) XAU - XAU strong fundamentally, Lobo Tiggre said 2024 bullish gold in all cases
TECHNICALS:
a) Monthly chart - Bearish, 1st 2nd week buy, 3rd 4th sell
b) Last W1 chart - Last candle was railroad
c) D1 chart - Monday/Tuesday (Weekly typical structure) bullish - bullish
- Tues/Wed expect to bearish - bearish
- Wed/Thurs/Fri bearish - bearish
*check DXY chart to confirm the thesis, 15M chart- Execute, Breakout/Pullback
TAKING POSITION RULES:
(Normal)
0.25% per position,
1) Daily/Weekly 61.8/78.6 swing, plus all conservative positions.
(Conservative)
1) Monthly 61.8/78.6
2) 2nd try after SL
3) 3rd try
4) 4th try
(Ultra conservative)
1) Monthly 61.8/78.6
2) 3rd try after SL
2) 4th try
ESSENTIAL CONCEPTS:
a) Typical structure - Monthly: Buy Buy Sell Sell / Sell Sell Buy Buy
- Weekly: Buy Buy Sell Sell / Sell Sell Buy Buy
b) Sessions - Asian/London/New York
ADDITIONAL BIAS:
a) Round psychology number 50/00
b) WeeklyTypicalStructure:
-anatomy of candle, price always push to other side first before making real move
-midweek reversalrejection/continuation > BuyBuy*SellSell / SellSell*BuyBuy
c) Daily Candlestick Pattern: doji, engulfing, insidebar/railroad
d) TakeProfit TP / StopLoss SL
Depends on:
-fundamentally / what are the news saying
-liquidity pool at Daily/Weekly/Monthly where
-averageDailyRange ADR
-catch explosive move only if direction align with weekly high low bias.
Eg. Previous day was bullish doji at daily support & it is mid of the week, do catch today explosive move to next weekly liquidity pool.
e) Entry timing recommendation
-session LONDON, NY 9-12PM GMT+8
f) Entry with discount price, use Fibonacci
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.