(+90 , +82 , +52 ) USDCNH +90 USDZAR h4 many tp pos but holding power to be worked on.

Got the context of the market right, next will be holding of the trades correctly.

USDCNH h1 rd 1

Got this right, only that did not hold trade to the end.

Initial fractals play

Understanding of fractals is improving. This is something that I want to work on and hope to explore it to form proprietary trading style.

USDCNH rd2

Prempt of bear flag was spot on.

Powerful D1 line chart perspective

I find that this is a POWERFUL chart.

The combination of candlestick/linechart produced a combination of shooting star which showed rejection from an identified confluence R. It prompted me to short right even before CNY news.

rd2 TP of USDCNH

overall spot on for USDCNH.

There is definitely more room for USDCNH in the coming week.

USDZAR

excellent trade call, excellent timing and pretty good projection of TP.

Initial Outcome

I am very satisfied with the entry as it had affirmed that I have demonstrated appropriate application of patterns in the fractal context. Ultimately profit comes from being part of the expansion. This will be the aim of my game in 2015.

Summary

In week3 will be looking for trend continuation.

week51 Follow the momentum , drill the rules EURCAD ( -120) USDZAR ( +50) USDJPY (-170)

Not following the momentum will have its consequences.

It is ALWAYS about following the path of least resistance in h1. Whenever I preempt the turn in h1, more times I am wrong rather than right.

Hence I will need to structure my thoughts to try to get in on smooth h1 momentum rather than preempt their turn.
At the very least, let a very strong opposing day close be confirmed before I decide to play reversal.

EURCAD h1 -120

I did see a small hns of sort. But is that enough to say that it is turning? Do note that I do see that it is happening at a 2 x MY levels, so some jsutifiation there. But losing 120 pips for a reversal play, is not good.

I believe waiting for a bearish day close is a better better to confirm my suspicion.

USDZAR +50

This is the correct direction that I have taken and I reaped the reward of getting pips for it. I have followed my protocols correctly and following the bullish momentum is the way to go for. Btm of bullish price channel , D1LC.
It is right that I have a go at this.

USDJPY h1 (-170)

News dont mean a thing. It only means how we interpret news. My trend is right, but the momentum was wrong.

I also engaged a trade not based on MY levels. My fault, my greed. I have also learnt it this way n keep drilling until it goes to my head.

Everyday there will be movement. But not everytime I can enter at the right price. So I need to be patient.

this trade i did without much testing.
Breaking off the reversal channel is not following the momentum. only following the trend. Which does not give as high probability.

My analysis

On hindsight, When I put on a trade like this,

I expected :

1) My Support level is damn strong
2) I expected the reversal channel to materialize
3) I bought on the high, in a reversal situation, with no momentum

Doing 3) puts me on a disadvantage in the case where trade turns sour, i got less space to escape.

At the end of the day, I believe I have put in effort tp journal down my trades, but I always have this feeling I am still not focused enough when it comes to putting in the trade. I still can do better, I still can be more focused. There are better ways to do things.

( +30, +50 , +120) week45 USDZAR a satisfying trade, and the way to trade

h1

Did this trade and was very satisfied with the RRR.
in recent months, due to the advent n concretiziing of D1 line chart as powerful SAR,

I have now moved on to establishing superior RRR so that each trade yields far more than what is risked, and this helps to covered over losing trades.

In this trade, I practiced reasonably good RRR of varying degrees: 1:2 , 1:4 and hypothetical RRR of 1:10 if the position had been held on.

This is the way to go. The crux lies in understanding trend , momentum and timing. In this trade, I had demonstrated my understanding of this holy tripartite with a small SL, but yet a larger RRR due to understanding of trend.

I look forward to more trades like these.

I believe firming up RRR will be my next level to move towards to.