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IbunyaranapsitumorangPSK's Trading Journal

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Good morning all, 
for admin let me open my trading journal for the first time. here I use basic candlesticks and chart patterns to analyze the market 

the tools that i use are

  • Fibonacci retracement
  • Trendline
  • Horizontal line
  • Rectangle


the technique that I used 

  • Harmonic pattern
  • Supply Demand Area
  • Elliot Wave Area
  • Candlestick Pattern 
  • Konvergen divergen


Other indicator tools

  • Moving Average
  • Stochastic Oscilator 
  • RSI osciltor



Linkback: https://www.forex.zone/trading-journal/31/ibunyaranapsitumorangpsks-trading-journal/2972/
#1 - January 12, 2020, 03:30:52 AM

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DAILY EUR/JPY

Technically, EurJpy pair will take Supply orders in the price range of 121,800 - 122,000, but what is unique is that there is a small supply barrier in that area in the form of a doji d timeframe daily (see picture). 

H4 EUR/JPY

Now we look at the H4 timeframe For open entry I recommend just focusing on selling in the area of the price barrier because together with the small W pattern formed in the image (see picture) With stop losses above the closest highest price. 

For sell signal settings: 
Sell at 121,800 
prices Target at 119,500 
Stop loss at 122,500 

Use wise lot settings with a maximum risk of 2% per trade.
#2 - January 12, 2020, 03:46:33 AM
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"USD/CHF TIMEFRAME DIVERGENCE PATTERN H4"

on this occasion I will discuss the direction of the pair USD/CHF in the H4 timeframe. 
Why did I choose the pair USD/CHF, because I found a beautiful pattern that is DIVERGENCE in the H4 timeframe. That means the opportunity to open long positions is very large in the next few days. My focus in analyzing is in accordance with the pattern I have written in the first post of the journal opening. 

For next Monday opening I recommend this pair for an entry buy. In accordance with the signal given between the chart with the awesome oscillator indicator, a valid DIVERGENCE BUY pattern has been formed for the buy area, we can aim at the 0.96600 price area and form a small inverse head and shoulders pattern there. As for the stop loss, I put it under the head at the price of 0.96100. For takeprofit I put it in the flip resistant resistance area at 0.98383. 
So the conclusion we can get is 
Buy at the price of 0.96600 
Stop loss at the price of 0.96100 
Take profit 0.98383
#3 - January 18, 2020, 04:00:32 PM
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ELLIOT WAVE EUR/GBP
The Euro currency pair against Gbp or (Eur/Gbp) is currently in the area of correction. 
As we can see in the daily Eur/Gbp chart chart the price is forming the elliot wave correction B pattern, this can be a good signal considering we can chase the target up to point C in the area 261.8% as an absolute requirement for the formation of elliot wave type C. 
Our task now is to ensure that the point B is suitable to be the right open position for the buy position. In H4 chat we find a long shadow of rejection which identifies that the price is valid to open a buy position. So now we just focus on buying for this Eur/Gbp pair. 

For buy orders, we can immediately open a buy at the market opening tomorrow at the price of 0.84300
For stop losses we put on the price of 0.82700 point A. 
For the target we put it at the price of 0.90500 

The travel time is around 3 weeks to 1 month depending on market power. Use MM wisely.
#4 - January 26, 2020, 06:02:09 PM
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On this occasion I will discuss EURJPY pair which in my opinion is technically very good for open buy positions. 
As we saw in the H4 timeframe, the price first drops down then sideway and possibly next week will rally or what we usually call the DROP BASE RALLY (DBR), we can place a buy stop order in the 120.500 price area assuming the target is at 122,100 with a stop loss is certainly below the 119,600 sideway range The recommended open positions for next week are as follows:
Buy stop 120,500 
Target is 122,100 
Stop loss 119,600 
#5 - February 02, 2020, 10:52:37 AM
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