Ulric's trading journal

[Joybearer]

I cannot believe that this mother lode of gold is here and yet I have wasted tens of thousands and years trying out "holy grail" signal providers. Well, enough is enough! I've spent the last week reading the seed, the fruit, principle C, the 10 seconds elliot wave, 20 trades principle. Now I am all ready to trade the fruit 20 times over and over until I get 95% right. Weird day to start trading since many people don't trade on Fridays but no more procrastination for me.

Why did I want to trade the fruit?

I had traded S1/S2 in the past with little success, fruit seems way more fun with the add ons, lack of a myriad of rules, just 2 rules, Arrow and Angulation, AA.

Preparation:
Loaded GKFX platform with template
Calculator at hand
Investing.com for news
AIMS forum journal open to record any trade sentiments and trading

Indicators:
AIMS box v5.1
AIMS gator v5.1
AIMS the fruit bars v1.1
AIMS the fruit v2
AIMS WAVES v5.1


Day 1, 21/08/2015, Start NYO, local time: 2000 hrs platform time: 1500 hrs
End, local time: 2200 hrs platform time: 1735hrs
Duration: 2 hrs 35 mins

Demo Account Starting Balance: $5000
Demo Account Ending Balance: $5004.75

Trades

Lot size: 0.4
Risk: EST 0.8%
Pair: DAX30
Timeframe: 5 minutes

#1

Buy Order
Entry: 10280.3
SL: 10256.5
Entry bar: 1645 hrs
Arrow: 1630 hrs
Risk:

Add-on(1):

Entry: 10314.0
SL: 10256.5
Entry condition: Broke top of 1st AIMS box

Exit condition: Bar closed below green line
Trades closed: 10302.8, 10302.3

P/L: +10.17 - 5.42 = +$4.75
P/L(pips): 22.5 - 12 = +10.5 pips
P/L(%): 0.095%

Risk: 2.21 X 81.6 = $180
Risk(pips): 23.8 pips + 57.8 pips = 81.6 pips
Risk(%): 3.6%

21082015-1-add1.png

Sentiment:

Signal came nearly 2 hours after market open. As I was taking the trade, I see that the price was drawn away to the downside forming a good but slight angle with the blue and red lines of the AIMS gator, therefore I took the trade when the arrow occurred. Was able to add on after price broke the AIMS box and was hovering near the top of the second AIMS box but was unable to do a second add on before the price came plummeting.

The risk to reward ratio seems to be way off. I may need to adjust my risk down so that the whole basket does not exceed the stipulated 3%. Using a 0.4 lot size seems to take more than 1% per trade as the bar stretched over 20 pips and the add on was 50+ pips.

P.S Please help me take a look at the trades and assist me to see if I had flouted any rule for those dear friends who are more experienced than me in trading the fruit. Thank you.

[immy]

Hi

Good start mate! keep the journal updated on a daily basis religiously. Be disciplined and make consistency your goal/objective.

Comment on the set-up. You trade a pull-back attempt within a strong down market on the higher time frame.s but thats ok. The entry was taken within a sidways market. it went up a fair bit and you got out at the right spot. It could have been a good winner though had you trailed the 5 green bars. I don't know if you knew but the day you traded, is one of the exceptional days when the markets are just dropping and dropping 300 point a day. But all good as long as you trade in the direction of the higher time frame and counter to current time frame. But keep it simple.

cheers

[Joybearer]

Hi

Good start mate! keep the journal updated on a daily basis religiously. Be disciplined and make consistency your goal/objective.

Comment on the set-up. You trade a pull-back attempt within a strong down market on the higher time frame.s but thats ok. The entry was taken within a sidways market. it went up a fair bit and you got out at the right spot. It could have been a good winner though had you trailed the 5 green bars. I don't know if you knew but the day you traded, is one of the exceptional days when the markets are just dropping and dropping 300 point a day. But all good as long as you trade in the direction of the higher time frame and counter to current time frame. But keep it simple.

cheers

I have been to quite a few 'premium' trading forums and only AIMS has the founder constantly looking over every member's progress and answering questions like you do. Thanks and noted. So I shall keep two things in mind, attempt a trailing green/red bars exit in the future and always trade higher time frame counter to current time frame. Got it! Great to be here.

[Joybearer]

Well done on getting AIMS Strategy and starting your own journal. I would recommend to create your trading plan which include time frame, trading times, entries, exits and trade management. Immy shared one on the forum you can use that template. Most of the aimsters are trading M1 time frame. In beginning, it's good to stay with S1/S2, cherries, SEED and AA which are all inline with trend (in direction of purple line).

you can certainly trade M5 but need to be patience as you will get less signal compare to M1 and holding time is longer than M1.

Do not forget, trading plan is your torch then you can enter in cave and start finding gold.
Hope this make Sense. All the best.

PS. If you can make it to chat room that is the best and quick way to learn from fellow traders.

Regards,
Samik

Thanks Samik, I believe I saw the trading plan format somewhere in one of the ebooks I will source it out and use it. Since I am still in the very early stages of learning, there are some things that I need to ask.

Do you mean that rather than trading fruit by itself, I should trade the combination of setups instead? And also, should I be trading more than 2 hours as suggested since I am using M5 rather than M1? M1 does seem very exciting, probably a little too exciting for me, I will try it out the next time though, just worried that I couldn't make a decision quick enough to enter the trade. I am sometimes pressed for time since I need to determine the top/bottom price of the candle and input the order as the PA fluctuates wildly, since you have been trading for a long time, do you have any suggestion around that?

[immy]

Hi

www.for-exe.com has a one click easy solution.

FTM!

[Joybearer]

Day 2, 24/08/2015, Start NYO, local time: 2000 hrs platform time: 1500 hrs
End, local time: 2200 hrs platform time: 1700hrs
Duration: 2 hrs

Demo Account Starting Balance: $5004.75
Demo Account Ending Balance: $4993.16
P/L: -$11.59
P/L(%): -0.23%

Trades

Lot size: 0.4
Risk: EST 0.8%
Pair: DAX30
Timeframe: M1

#2

A mess of things, got too excited and traded against the rules, not following angulation, did not place stop loss, sold and price shot up, closed manually way above where it should be stopped.

Loss: $11.59

24082015-DAX30M1-1.png

There was a good downward signal at 1549 hrs that I did not take due to fear. Going nicely down.

Sentiment: I was pretty despondent after watching the price action free fall and missing the trade at 15:49. The angle was right though the PA has few candles EWAVES was near crossover. I still sat it through to the end of my 2 hours. Taking that trade would have yielded me more than 160 pips without add ons. Well, better focus next time.

[Joybearer]

Hi

http://www.for-exe.com has a one click easy solution.

FTM!

Will definitely consider this!

[Joybearer]

Day 3, 25/08/2015,

Start LO, local time: 1500 hrs platform time: 1000 hrs
End, local time: 1700 hrs platform time: 1200hrs
Duration: 2 hrs

Demo Account Starting Balance: $4993.16
Demo Account Ending Balance: $4929.59
P/L: -$63.57
P/L(%): -1.27%

Trades

Lot size: 0.4
Risk: EST 0.8%
Pair: DAX30
Timeframe: M1

#3/4/4.5

24082015-DAX30M1-3-4-5.png

Sentiment: Seems like today was during LO was not a good day to trade fruit at LO. Did one trade that shot up, another trade that went in the right direction, triggered an add-on and reversed in direction. The price kept climbing and climbing.

[Joybearer]

I looked at the screen shot after I have posted and saw that I may have missed a trade at 11:26. Hmm. But it doesn't have a good angle, looks very parallel. Should I have taken that trade? Any pointers guys?

[Joybearer]

Made quite a few trades today, others were gone and one was particularly successful.

Day 3, 25/08/2015,

Start LO, local time: 1500 hrs platform time: 1000 hrs
End, local time: 1700 hrs platform time: 1200hrs
Duration: 2 hrs

Demo Account Starting Balance: $4929.59
Demo Account Ending Balance: $4946.74
P/L: $17.15
P/L(%): 0.35%
P/L(pips): 37.4

Trades

Lot size: 0.4
Risk: EST 0.1%
Pair: DAX30
Timeframe: M1
Strategy: Fruit

#5/6+2/7+1

27082015-DAX30M1-M1-5-6(1)(2)(3)-7(1)(2).png

Sentiment: This is the first time I am using the trailing fractals EA and the results are pretty good. 1st trade of the day was an immediate loser with no chance of adding on, 2nd trade has two add-ons at the break of AIMS box, should have closed all trades by 16:23 when the candle closed above the green line but was delayed by bad bowel movements. 3rd trade was very successful as the price action kept dropping. I managed to put in one add-on with a PO on another. I was closed out by the trailing fractal EA which was very effective.

Things to note: Risk was calculated poorly and instead of using 4 lots all along, I used 0.4 lots that resulted in an estimated 0.09% risk all along. Must remember to increase the lot size.