Todays open trades (held overnight)

Nat Gas chart - there is a massive divergance between oil and gas - one has to give way soon? The best pairs trade maybe long gas, short crude.

The vital lesson I have learnt today is the fact that it's much better to wait for a BO then the retrace and test into that BO before entering a trade. A 'pin-bar' is a single bar trading range on a lower TF, and you don't want to be buying the top or selling the bottom of a trading range. Much safer to wait for the BO then wait for a retrace and good price action to get into the trade.

Watching and plotting Fibs is also pretty pointless as PA will reveal a level and whether a trade is worthy of taking.

The significance of TLs can not be underestimated combined with last highs and last lows. These are the keys to trading PASR.

Pins should never be traced in isolation as it's too risky. To trade counter trend you must wait for a significant trend line break and then a new low or high or a retest before entering any trade...

Hello, This is very much a work in progress that will allow me to document all my trades and review them for personal use at a later date. I am a Price Action trader that uses areas of supply and demand (depicted by Trendlines and Support and Resistance) and the 20ema. I trade the daily TF as I have a day job that I also enjoy and don't want to give up as long as the body allows me! I will be posting charts and setups that I took so I can review at a later date and spot errors in my trading.

Lack of discipline again - enterd a short on the DJI for small pip risk on TL touch - but forgot to check the time - it was 1715 - slap bang in the middle of US Lunch session. I don't trade the lunch session in UK or US as there are traders that specialise in these sessions and they usually take advantage of the lower volume for counter trend scalps!

I also entered a gold short for 5 pips risk based on the 15min TF as PA had retraced to under neath the minor H4 up TL but is still below the H4 20 ema and H1 and 15m 20 emas. (plus a 5m Shoot/Star right off the TL and 15m 20ema)

This was my oil short from the 15m chart today. I was looking for a tighter entry into the retrace after yesterdays BEOB. Waited for the lower highs as seen on the chart.

I fouled this up though as I checked the progress on my mobile ands moved the stop to 9170 - it was hit by 2 pips! Lesson - leave your stop where it is and set a proper target and limit order as per the plan. The obvious limt was at the SR level at 70.72 which it hit to the tick!

Well, been waiting for ages to short cable. I've been waiting for the top to be put in and the trend lines to break to show that we are in a new downtrend. Once we have a TL break we are waiting for that to be tested again from underneath. Cable had a spike out of the bull channel some days back and put in a weekly shooting star. The major UP TL has now been violated and the smaller minor TL has gone too as has the last low of that uptrend. I'm short at 1.6355 with stop at 1.6370 as I took the stop from the last high before the BO on the H1 chart.