Moty`s Journal [Awarded Title: Samurai Sword Fruit Chopper]

[immy]

One trade with 2.5%.

Hi Moty

Great trade. One question. Did you wait for this one trade all day? or were you trading only the late session?

cheers

[moty]

Hi Immy

I waited for this trade from LO open.

I saw a great setup three hours earlier, but did enter because I did not like the wicks were at the same time on the m5 chart.

[immy]

Moty, i was hoping for this reply. I am proud of you. Guys, learn from Moty, not long ago he was lost in the woods now he seem to have found his natural rhythm. Its simple but you gotta trust it, you gotta love it you gotta be one with it! Most of all enjoy!

cheers

[Darren]

I am watching closey!

Moty - What money management do you use when you enter your trades? I have noticed that a lot of the time trades are closed with a small loss, so do you utilise Grant's method of money management or a version of it?

Nicely done! ^:)^

[moty]

Hi Darren

At the base, I use the Grant`s method for MM, but sometimes in a more aggressive manner.
(This is because of my fear of loss).
I noticed that a good trade,progressive strong from the beginning, and if it starts delay in the break out earea, I tend to move quickly stops, to avoid a large loss.
I admit that at this stage of my trading career, yet most of my energy is devoted to all when it comes to deciding on the entry / filtering the trade, but I'm sure that after accrue a little self-confidence, I will concentrate on than improving the managing of the trade.

[moty]

Another day that cames to test my patience and discipline.
3 trades, 2 L, 1 W.
Daily winn= 1.36%

[moty]

3 trades today, 1 (FP) winner, and 2 m1 lossers.
Total daily +0.5%.

[moty]

Two trades today 2w, total 2.5%.
(I do not I included in my statistics today, two trades i took on S12 chart, which produced over 80 pips, because the a/m time fraim, is still for learning and experimentation purposes.)
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Weekly:

10 trades, 5W, 5L.
Total weeky win= 6.9%

[immy]

Fantastic Week Moty... tells us how much was account growth on the 70 pips lol come on (and why not make it part of the stats... tis a fact of life... these events will happen every now and then)

[Dave]

Super trading, Moty! And what a DAX move, wish I was around for that! You've just got to make yourself available. Be patient when it's not moving, but be ready for when it does, like a coiled spring!