David's journal

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immy
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Re: David's journal

Unread post by immy »

Hi David,

first drink a cold glass of water and take a deep breath... then check the pic below.
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What is the Secret of Successful Trading?
The Consistent Pursuit of DS1 :nerd

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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azadar
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Re: David's journal

Unread post by azadar »

yes you are right, the seeds are invalid. AO peak is at the same height as the previous peak so its not a new higher or lower peak. I will pay more attention to this. Thanks :)

As for the BDC which might not be one because it closed near middle. trend was strong so I gave it a shot. Maybe overly aggressive/confident.
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azadar
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Re: David's journal

Unread post by azadar »

I have not updated my journal in the last 3 days. I have been too busy trading ! I changed my trading plan to trade only the following: Seeds (Grant's rules), AA fruits, and classic breakouts. I will also change the format of my journal and post a few trades only because its too time consuming to post every trade (I am now trading currencies as well as indices on M1).

I also changed my trading times. Basically I trade whenever im in front of the charts and happen to see a strong enough wave 3 on a chart with low spread. I caught a nice eurjpy long during asian session while the dax trade happened late in the NY session.

So far the results are amazing. +15% since I started using the new indicator and strategy. Here are some of the best trades I made:
2015-07-10_2221.png
2015-07-10_2222.png
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immy
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Re: David's journal

Unread post by immy »

azadar wrote:I have not updated my journal in the last 3 days. I have been too busy trading ! I changed my trading plan to trade only the following: Seeds (Grant's rules), AA fruits, and classic breakouts. I will also change the format of my journal and post a few trades only because its too time consuming to post every trade (I am now trading currencies as well as indices on M1).

I also changed my trading times. Basically I trade whenever im in front of the charts and happen to see a strong enough wave 3 on a chart with low spread. I caught a nice eurjpy long during asian session while the dax trade happened late in the NY session.

So far the results are amazing. +15% since I started using the new indicator and strategy. Here are some of the best trades I made:
David

firstly congratulations on your success, its been a pleasure trading with you. I know you've been busy in skype and i can see you have a good knack for this type of trading. Well done.

Here are important points I must highlight to you! And I thank you for writing them.

1. I have not updated my journal in the last 3 days.
>>> Think about this again. If you don't update your journal properly, you'll exit the list of elite top performing traders who keep a thorough record of their trades, emotional and psychological condition.
2. I am too busy
>>> Remember less is more...

Hope you give the above too a bit of thought


all the best.
What is the Secret of Successful Trading?
The Consistent Pursuit of DS1 :nerd

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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azadar
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Re: David's journal

Unread post by azadar »

Thanks :)

Yes Immy you are right. Journal is very important but the way im doing it is very time consuming and probably not the most effective.

I will still keep track of trades in an excel file to analyse my trading but I want to lighten the load a little bit. Friday I took trades on 6 different instruments and sometimes the same instrument during different hours. That means about 10 screenshots to cover all my trades. Commenting and uploading screenshots takes a while so I am thinking about simply posting 1 screenshot per day.

As for your second comment (less is more), I must admit I am super excited about the strategy and results. I did put in more screen time during the last 3 days. Grant's rules are so easy that I find I can trade longer and still trade well. But you are right I should be careful about my trading time and find a balance for the other things.
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Grant
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Re: David's journal

Unread post by Grant »

(wd) (wd) (wd) (wd) (wd)

Good to see some lovely positive trades...

rinse and repeat

Grant

ps. i also second Immy and say keep up with the record keeping... I find it helps show trends (positive and negative) in my trading, so if needed, adjustments can be made...
success = patience + discipline - greed
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immy
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Re: David's journal

Unread post by immy »

azadar wrote:
So far the results are amazing. +15% since I started using the new indicator and strategy. Here are some of the best trades I made:
2015-07-10_2221.png
2015-07-10_2222.png
Image

I want to say it again... bruh ... those are the setups you traded them welll... go on buddy
What is the Secret of Successful Trading?
The Consistent Pursuit of DS1 :nerd

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! 🍌
User avatar
immy
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Founder
Posts: 9654
Joined: 22 Nov 2010, 16:46
14

Re: David's journal

Unread post by immy »

azadar wrote:Thanks :)

Grant's rules are so easy
oh yes... and I'm sure now that they are encoded into an indicator, thanks to Steve, our job is even easier isnt it?
What is the Secret of Successful Trading?
The Consistent Pursuit of DS1 :nerd

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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azadar
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Re: David's journal

Unread post by azadar »

today I went from +12% to +5% because I took a ton of rents at the end of the session. Not really happy about pissing all my profits away like that.
2015-07-21_1208.png
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azadar
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Re: David's journal

Unread post by azadar »

Saw a nice trend on gold this evening and took a few trades. I traded really poorly and missed big account growth but I thought I would share the picture as its a really nice clear pattern worth over 15% if rules were followed.
2015-07-21_2259.png
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