Okay, so here is my Journal.
I'll start it with a nice win showing how all the rules can lead you to a nice win.
We had a saddle on the level just above and that should have been the entry point , however there was a spike that would have taken you out if you had. My entry was a type 2 with a fresh cross of the ZL. I choose to exit after the character of the candles seemed to change. Out for 21 pips
The Rhinomann's Journey
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John Wimberley
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- Joined: 11 Aug 2011, 15:04
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The Rhinomann's Journey
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Trade what you see, not what you think
John Wimberley
John Wimberley
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snorm
- AIMSter
- Posts: 305
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immy
- Founder
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- Joined: 22 Nov 2010, 16:46
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Re: The Rhinomann's Journey
John!
Nice one! Congratulations on start your journal. ~A Journal as I always say is the best tool I have every come across to miraculously improve your trading. As you know I always kept a journal of my trades. I still have all my trades since 2008. lovely lovely well done
Nice one! Congratulations on start your journal. ~A Journal as I always say is the best tool I have every come across to miraculously improve your trading. As you know I always kept a journal of my trades. I still have all my trades since 2008. lovely lovely 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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John Wimberley
- Free Member
- Posts: 92
- Joined: 11 Aug 2011, 15:04
- 14
Re: The Rhinomann's Journey
2 trades today. Both on the same image
Both trades were nice clean setups. I exited Trade 1 after 3 strong candles, trying to avoid the rubber band effect. out of it for about 16 pips.
Trade 2 was also a good setup. I had moved my SL to BE +1 after trade reached +8 pips. As you can see it came down and just manged to get me.
Still.. 17 pips and about 0.5 % profit on capital, so can't complain.
Trade 2 was also a good setup. I had moved my SL to BE +1 after trade reached +8 pips. As you can see it came down and just manged to get me.
Still.. 17 pips and about 0.5 % profit on capital, so can't complain.
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Trade what you see, not what you think
John Wimberley
John Wimberley
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immy
- Founder
- Posts: 9654
- Joined: 22 Nov 2010, 16:46
- 14
Re: The Rhinomann's Journey
Nice Work John! 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!
-
John Wimberley
- Free Member
- Posts: 92
- Joined: 11 Aug 2011, 15:04
- 14
Re: The Rhinomann's Journey
1st trade of the day. Not a winner, but all rules met.
You do not have the required permissions to view the files attached to this post.
Trade what you see, not what you think
John Wimberley
John Wimberley
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immy
- Founder
- Posts: 9654
- Joined: 22 Nov 2010, 16:46
- 14
Re: The Rhinomann's Journey
Hey, Well Done mate! this was a spot on trade, rules met, good discipline!
Hey John, Try saving your picture in .png format, they come out nice and crispy still very savy on the bytes... cheers
Hey John, Try saving your picture in .png format, they come out nice and crispy still very savy on the bytes... cheers
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!
-
immy
- Founder
- Posts: 9654
- Joined: 22 Nov 2010, 16:46
- 14
Re: The Rhinomann's Journey
Sorry John, Gif is also the standard format and comes out nicely... i wonder why your pic is a gainy!
no worries mate... have a good evening!
no worries mate... have a good evening!
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!
-
John Wimberley
- Free Member
- Posts: 92
- Joined: 11 Aug 2011, 15:04
- 14
Re: The Rhinomann's Journey
2 Trades so far.
You do not have the required permissions to view the files attached to this post.
Trade what you see, not what you think
John Wimberley
John Wimberley
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John Wimberley
- Free Member
- Posts: 92
- Joined: 11 Aug 2011, 15:04
- 14
Re: The Rhinomann's Journey
Made some goofs these last couple of days, and here is an example of what not to do.
I've attached a 5 min chart as well as the M1 to illustrate my point.
The Trade off the M1 was a setup. Small AIMS, dot inside AIMS,and a fresh cross. What I failed to do was take into account what the M5 was telling me.
The M5 was at the end of wave 3, so while the M1 looked good, the M5 was telling me no! But I did take the trade and then I repeated my self a day later (not shown). This resulted in 2 small loses.
Could they have been 2 wins instead? Yes they could have, but it was a high risk trade and I paid the price for that mistake.
As Immy says: "We trade the M5 taking the entry from M1."
I've attached a 5 min chart as well as the M1 to illustrate my point.
The Trade off the M1 was a setup. Small AIMS, dot inside AIMS,and a fresh cross. What I failed to do was take into account what the M5 was telling me.
The M5 was at the end of wave 3, so while the M1 looked good, the M5 was telling me no! But I did take the trade and then I repeated my self a day later (not shown). This resulted in 2 small loses.
Could they have been 2 wins instead? Yes they could have, but it was a high risk trade and I paid the price for that mistake.
As Immy says: "We trade the M5 taking the entry from M1."
You do not have the required permissions to view the files attached to this post.
Trade what you see, not what you think
John Wimberley
John Wimberley