Darren's Journal

[Darren]

A frustrating morning as I did not catch the move up as there wasn't any valid signals apart from an AA which somehow I missed!

[Darren]

Break even so far today...

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Plus a couple more, 2% down now...

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And some more. A down day and it was quite tough to trade, so a small loss isn't the end of the world!

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[immy]

I think overall you traded well. Slight mistake on getting out on the shorts in the am but the rest of the trades look just fine. if we trade like so day in and day out we will grow our accounts nicely!

[Darren]

Thanks Immy

[Darren]

Thanks Sam.

A better morning this morning, and no trades so far this afternoon after missing a couple of good setups.

[immy]

That 16.45 was exactly the same as this morning short that you took. well done.

psst: momentum breakout pullback or consolidation and bang bang

[Darren]

Good tip Immy!

A tough morning this morning with a few rents. The one chance I had of making a bit back I had moved the SL too early and was taken out before the drop! #-o

[Darren]

I am on holiday at the moment but trading a bit in the morning. I will update my journal if I get a chance but if not I will get back to it when I return!

[Grant]

I am on holiday at the moment but trading a bit in the morning. I will update my journal if I get a chance but if not I will get back to it when I return!

Enjoy your break matey...

[Darren]

I haven't posted in my journal for a very long long time, but I thought I would resurrect it so that I have a history of where I am going right and also where I go wrong!

I am working full time from home and often do the school runs etc, so I am not always at the charts at the right time. But the markets can move at any time so hopefully, this isn't a problem. 

I have had problems recently of not taking trades because they weren't 'perfect', but a lot of the time they turn out to be easy winners. This is part of the reason for this journal. 

Basic Trading Plan:

• I am trading the Hunt 2.0 on the Dax in the mornings and Nasdaq and Dow indices in the afternoon. I may reduce this to just the Nasdaq in the afternoon as the Dow can be quite volatile at times!
• I am looking at the M1 timeframe primarily, but I am aware of M5 and levels of support/resistance on H1.
• If there is a range, I will wait for the range to break and then look for a pullback.
• I will wait for 2 or three momentum candles, or an obvious trend before considering entering a trade.
• THERE HAS TO BE MOMENTUM IN THE MARKET.
• I will take the first 2 pullbacks unless I have made a profit already and I will then keep taking pullbacks until there is a loss.
• I will risk 1% per trade and move SL to BE at 1:1 or at an obvious level.
• I will take profit at 2R unless the move is obviously strong, in which case I will have a TP at an obvious price level.
• I will use the Banana template as it is easy to see setups as it is a clean and simple template.
• If I have two losers in a session I will check that they are correct setups and wait until the next session to trade again.

I will amend my trading plan if I feel the need to!