I read many journals, and found them really enlightening. I decided to start mine as of today July 24,
- hoping to be of help to others, as many here have been of great help to me
- to get feedbacks
- for me to improve
Big thank you to
Immy (too many things to detail, but thx thx thx so much!!!)
Steve (ewaves ..aahhh…now I feel like understanding Elliott Wave
)) )and (compound, amazing!!!!!)
Trade times CET (roughly)
- 7:00 - 10:00
- 13:00 - 16:00
I trade on M5, 2%, following scrupulously Immy's reco's (pdf ebook + Immy's journal)
I use Immy's and Steve's indicators + little extra ones (you can find them free here ---> http://www.forexoma.com/have-all-timefr ... tform-mt4/" onclick="window.open(this.href);return false; )
I changed maxclosetozl and minclosetozl respectively to 0.06 and 0.02
S1 Gator asleep
AO close to ZL
DOT on the right side of PURPLE LINE (which I'll note as PL from now on)
---> - PO BUY STOP (0.5%) 1 pip + spread above top of BOX
- PO SELL STOP (0.5%) 1 pip below bottom of BOX
- ADD aggressively (1%, then 0.5%) when TREND is confirmed/established, and we "know" which WAVE we are in
- Move SL to new BOX top/bottom if and only if SL is below RED (BUY) / above RED (SELL)
---> SL BUY 1 pip below bottom of BOX or 15 pips (never bigger than 15 pips)
SL SELL 1 pip + spread above top of BOX or 15 pips (never bigger than 15 pips)
---> no limit specified:
EXIT when close beyond RED (before DIVERGENCE), or close beyond GREEN (after DIVERGENCE)
Check upper timeframe TRENDS and AO (D1, H1 and M15); this is to better take advantage of IMPULSION in the direction of upper timeframe IMPULSION
This is my morning trade on EJ Jul 24, 7:05 CET
My comments:
- Rules are very clear, so no question at all when placing orders
- I've been VERY VERY tempted to EXIT on the first TOP of PRICE. Then I decided not to…Why = because if future proves that I was RIGHT exiting there (against my rules then) then I'll take the BED habit to break the rule whenever it pleases me…So I staid in the trade…
- LUCK was with me this time (news in favor or E, so in my direction). Sometimes it's good to have luck with us… But I need to be aware that all trades will not be so fruitful!!!
- 1st add seems the most promising. I'll try 0.5%, then 1.25%, then 0.25% to see...
- Trade took me beyond my trade time, but wow it was a lot of FUN!!! = You have GROUNDED reasons to expect something to happen + then this something happens…Just WOW!!!
KR
