TMM journal

[tmmbabs]

Who is TMM anyway?
TMM Is not yet a good trader. Many times I lose about half of my trades. But for the past three weeks I always managed to come up with profits every week, don’t say that’s just too short to confirm your success, who cares, all I know is evaluating my success every week will be one of my priority

AIMS system will score me pips and beat the forex for me only if I follow the rule closely and have enough discipline to control myself.

The 10 SL Pips
what is 10 SL pips? This is the Stop Loss I will use. This and this only

What do you Trade?
EU M1 and M5 timeframe only and only.

Profits Target.
At least 10 pips or whatever pips I want. The Idea behind this is to stay as long as I can whenever am right and get out as fast as I can when am wrong.
Where do I exit in case it goes the opposite way?
The difference between winning and losing traders is this. Winners think about their exit before entering market whereas losers think soon after they are in the market.

Option 1.
Long/Buy Trades : Use Red Dot for Exit
Short/Sell Trades: Blue Dot for Exit


Option 2.
If price runs away from alligator mouth too fast, I trail candles.
How to use trailing candle?
For Long/Buy Trades: Put SL 1pip below the Low of previous candle.
For Short/Sell Trades: Put SL 1pip + spread Above High of previous candle
This I believe, is a Stress Free Trading Model.
No thinking required, No analysis required, No Magic Formula, No Prediction, No Expectation. Just Trade what you see and not what you think.
RULES
1. Enter market on the break of AIMS Levels ONLY.
2. Trade in the direction of Alligator on M5
3. Always Setup Pending Orders.

I will be posting my winning and losing trade here for learning purpose.
I will start with account balance of $6000 Live acc and let’s see were these will ride to.
Comments are welcome Thank you

[immy]

HI TMM

Congratulations on starting your journal. I can assure you that having a journal is the thing I have ever done. I have picture of each and every trade that I have taken so far. I then put it some where and attach my thoughts and feelings about it. Later when I get some time, I would pick my fav trades ,of course only the ones that make good money and were proper traders, and put them on display the just rotate all day and i keep watching them.

I like what you wrote above. well done

Wish you many pips TMM

[John Wimberley]

Hi Tmm

Nice start to your journal. Looking forward to reading your progress.

[tmmbabs]

Thanks for the encouragement, I will start posting from next week franfurt open (08/22/11), no more dulling, no more trigered happy, just trading the setup, no more breaking rules, risking only 1% of acc, and above all no more regret just living in the moment, opportunity is now here.

[tmmbabs]

1% increase in account using setup 1 and 2, comments are welcome, immy let me know if my entries are ok

[immy]

I can only say WELL DONE! TMM you are doing realy well. I just wish you had not closed one and add another one. that would have been even better. but still its good. I also have to say that it was against the purple but it was london open. adn the rest for exiting the trade was low. But generally if we keep our trades in line with purple we will have better chance of success. cheers

[tmmbabs]

Thank you Imran, I just set alarm to wake up and trade LO but i guess need to master myself on my sleeping patern, am a part time trader and my other JOB need concentration, needs alertness, need relax mind because i deal with life, I work in the Hospital, my patient notice yesterday how dull my face was due to lack of sleep i-) , i stay awake to trade london open so i could post something, am still thinking about what to do, no trade to post today. still dont know what to do yet, maybe to quit my job or just trade only on my off day, may be one or two days of my day off at work, Guyz from America how you all doing it, cos i wanna trade the shit out of this setup. For now i will do it the way have been doing it, just trade when am not working. I need some touch on this.

thanks

[tmmbabs]

I'm on trading vacation trying to come up with something beneficial to my decision, am about to take the most critical decision in my life, but no shaking cos am equal to the task, next week will be great, have a wonderful weekend

[immy]

I'm on trading vacation trying to come up with something beneficial to my decision, am about to take the most critical decision in my life, but no shaking cos am equal to the task, next week will be great, have a wonderful weekend

I wish you a happy weekend too. Tmm I wish you have the inspiration and guidance from the most divine and pure sources. I wish you find your purpose in life. I take my critical decision after meditating in a quite place. Its a simple technique. Empty your mind and focus on your breathing for 15 minutes. Eyes Close, sit upright position. Take deep Long slow breaths in and out and Do not think. take it easy dont stress. if a thought comes and takes you away as soon as you find out just bring your focus back to breathing. and relax. you shall receive your "inspired thought" soon ..... this is my intention for you! stay well, happy and joyful.

[tmmbabs]

That's a great revelation for me, Imran reading your post always inspired me to see from a different realm,I'll do as you said what a genius you re, you are special gifted to mankind, continue helping and sure you will never lack. using this medium to inform people reading this post, that am not new to the system but just getting use to it, AIMS work, sure u will loose some and win some, but the aggregate scores for pips will be more pips on winning day and small pips on loosing day, master this the system and it will be dream come true.