Today’s been my most successful day to date. I did get lucky and miss an entry which would have been a loss of 4-6 pips.
Result 65 pips.
Trade 1. target 20 pips, hit
Trade 2. target 20 pips, hit
Trade 3. target 20 pips. closed early when it hit the 15 m aims level, 15 pips
Trade 4. target 10 pips, hit
David's Journal
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snowman
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Re: David's Journal
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snowman
- Posts: 77
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Re: David's Journal
5 Trades for today. Result 29 pips
Trade 1. I should not have been in this trade as the aims level was to high, closed for -2 pips
Trade 2. 10 pips. I was expecting this trade to finish at BE when the price started to come back.
Trade 3. I had a target of 20 pips for this trade but I closed it out for 16 pips when it failed to hit target by 1 pip.
Trade 4. First entry point I could see after the start of this down move. -7 pips
Trade 5. Got lucky with this one as very nearly closed it out at two points before I did. 10 pips
Trade 1. I should not have been in this trade as the aims level was to high, closed for -2 pips
Trade 2. 10 pips. I was expecting this trade to finish at BE when the price started to come back.
Trade 3. I had a target of 20 pips for this trade but I closed it out for 16 pips when it failed to hit target by 1 pip.
Trade 4. First entry point I could see after the start of this down move. -7 pips
Trade 5. Got lucky with this one as very nearly closed it out at two points before I did. 10 pips
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snowman
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Re: David's Journal
Not the best start to the day. I didn't take the first opportunity the market offered as it was on the daily pivot point, MISTAKE. Turned out to be a good trade.
Trade 2. -4 pips
Trade 3. 10 pips
Trade 4. 10 pips I was very close to closing this trade out at a loss.
Thats me done for the day. 16 pips in total.
Trade 2. -4 pips
Trade 3. 10 pips
Trade 4. 10 pips I was very close to closing this trade out at a loss.
Thats me done for the day. 16 pips in total.
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snowman
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Re: David's Journal
Two trades for Friday. Result 6 pips
Trade 1. 10 pips
Trade 2. -4 pips. A very short day for me on Friday, I quit after this trade. The reason for quitting was good old fashion fear. After having a good weeks trading (I didn't trade on Tuesday) I decided to take my weeks profits and run, as didn’t want to give as any more back.
Trade 1. 10 pips
Trade 2. -4 pips. A very short day for me on Friday, I quit after this trade. The reason for quitting was good old fashion fear. After having a good weeks trading (I didn't trade on Tuesday) I decided to take my weeks profits and run, as didn’t want to give as any more back.
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snowman
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Re: David's Journal
This has been my best week todate. 116 pips. Good job we don't trade Saturday's looking at the trend. 
)
Monday 65 pips
Tuesday No trades
Wednesday 29 pips
Thursday 16 pips
Friday 6 pips
Have a good weekend everyone.
) Monday 65 pips
Tuesday No trades
Wednesday 29 pips
Thursday 16 pips
Friday 6 pips
Have a good weekend everyone.
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immy
- Founder
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Re: David's Journal
Great Trading David! Well Done
What is the Secret of Successful Trading?
The Consistent Pursuit of DS1
The thing that makes me money in trading is when I "Objectively Follow my Trading Plan".
I understand that I can't catch all the moves or all the signals but my objective is to catch THE VALID SIGNALS & ONLY the Valid Signals.
My Deathbed Advice "5:1 Reward to Risk Ratio".
Yo, banana boy!
The Consistent Pursuit of DS1
The thing that makes me money in trading is when I "Objectively Follow my Trading Plan".
I understand that I can't catch all the moves or all the signals but my objective is to catch THE VALID SIGNALS & ONLY the Valid Signals.
My Deathbed Advice "5:1 Reward to Risk Ratio".
Yo, banana boy!
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apoovakad
- Free Member
- Posts: 10
- Joined: 30 Aug 2011, 04:33
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Re: David's Journal
Great Job David.
Is there a method to your exit points? In some cases you got out with a 4pip loss, and in others you took a 10 pip profit. Just wondering what criteria you use to pick out your exit points..
Is there a method to your exit points? In some cases you got out with a 4pip loss, and in others you took a 10 pip profit. Just wondering what criteria you use to pick out your exit points..
Abe
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snowman
- Posts: 77
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Re: David's Journal
Monday's trades. -17 pips before I walked away.
Trade 1. B/E
Trade 2. -3 pips
Trade 3.B/E
Trade 4.B/E
Trade 5. B/E
Trade 6. -7 pips
Trade 7. -7 pips
Trade 1. B/E
Trade 2. -3 pips
Trade 3.B/E
Trade 4.B/E
Trade 5. B/E
Trade 6. -7 pips
Trade 7. -7 pips
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immy
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Re: David's Journal
Oh well shit happens! Its good you walked away otherwise the stuff afterwards was even more choppy before it started going up in a nice way. Thats where I recovered most of mine!
What is the Secret of Successful Trading?
The Consistent Pursuit of DS1
The thing that makes me money in trading is when I "Objectively Follow my Trading Plan".
I understand that I can't catch all the moves or all the signals but my objective is to catch THE VALID SIGNALS & ONLY the Valid Signals.
My Deathbed Advice "5:1 Reward to Risk Ratio".
Yo, banana boy!
The Consistent Pursuit of DS1
The thing that makes me money in trading is when I "Objectively Follow my Trading Plan".
I understand that I can't catch all the moves or all the signals but my objective is to catch THE VALID SIGNALS & ONLY the Valid Signals.
My Deathbed Advice "5:1 Reward to Risk Ratio".
Yo, banana boy!
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snowman
- Posts: 77
- Joined: 21 Aug 2011, 15:55
- 14
Re: David's Journal
Hi Abe
If you read page 3, the post dated: Mon Oct 03, 2011 8:28 pm of Grants journal you will find were he moves his stop loss to -4 pips after moving into profit by 5 pips. Sometimes I’m a bit over enthusiastic and move it after 3-4 pips if things are moving slowly. I have a 12 pips stop loss on my aims EA but I very rarely leave it at that high, I look at the charts and then decide where I’m going to place it.
As for the take profits, only going for 10 pips is easy. This is where I struggle the most, my natural tendency is to take the money and run, not worrying about what the market does afterwards. Again in the same post Grant offers great advice. I do look at the higher time frame support & resistance levels, to see were the next problem area might be and around the zeros. So to answer your question, no I have no hard and fast rules.
Cheers
David
If you read page 3, the post dated: Mon Oct 03, 2011 8:28 pm of Grants journal you will find were he moves his stop loss to -4 pips after moving into profit by 5 pips. Sometimes I’m a bit over enthusiastic and move it after 3-4 pips if things are moving slowly. I have a 12 pips stop loss on my aims EA but I very rarely leave it at that high, I look at the charts and then decide where I’m going to place it.
As for the take profits, only going for 10 pips is easy. This is where I struggle the most, my natural tendency is to take the money and run, not worrying about what the market does afterwards. Again in the same post Grant offers great advice. I do look at the higher time frame support & resistance levels, to see were the next problem area might be and around the zeros. So to answer your question, no I have no hard and fast rules.
Cheers
David