Grants Journal [Awarded Title: Guru of the Gurus]

[Grant]

and tuesday's

Grant

[Grant]

Once upon time there was a trader named Grant. He was nimble, he was objective and careful. He had good money management techniques and discipline as solid as a rock. He enjoyed great success because he was patient and disciplined. and then one day.....



he disappeared....

After disappearing for quite a while it turns out that I am still alive and trading although if you were going on my journal entries then you could argue otherwise….

Immy has begged me to post some more in here…. (rofl) (rofl)

Before I do I want to share how I got to where I am now.

When I was last posting I had just switched over to trading DAX due to lack of movement on EU m1. Massive thanks go to Dave from down under ( ^:)^ ^:)^ ). If it wasn’t for him I would never have even looked at DAX and I would still probably be trading the crappy EU with its tiny range…

Any way DAX played very nicely until after my summer break. When I returned the days average range was a very healthy 250 ish pips. Great for our trend following system, but not so great because of the increased sizing of the AIMS boxes. Thus using the flow charts S1 and S2 were becoming more and more scarce.

So what to do?? ? ?

Well, it became obvious to me that I need a better way of entering the market with less risk.

The question was what….. ~x( ~x(

I am not a massive fan of counter trend trading so Fruits were never an option to me, although there are plenty of good traders making good pips using them. I still like the idea of trading the m5 trends using m1 for entries and exits.

Thus, Seeds (Inside Bars) were the answer. They are lowest risk entry you can trade on any time frame and not only that, because of this low, low risk they have the greatest potential R:R ratio.

It took me from returning in September to Christmas last year to work out which were the best ones to take and when I finally got there I had the biggest light bulb moment.

That revelation resulted in the flow chart I attach to this post.

Since January I have added a couple of other entry candles. These are AA fruits and dot candles. I use exactly the same rules as for the seed candles. So I have 3 potential entries into a trend as well as the tried and trusted S1 and S2.

So now i have several ways of entering an m5 trend on the m1 chart and over the past 6 months it has paid off very very nicely. (party)

As I said earlier in this post Immy has begged and begged me to resurrect this journal, so I will post my trades from Monday although I will be away from the last week of July til September when the kids are off school.

I hope what I post here will help some of you find your light bulb moment….

Have a great rest of the weekend
Grant

Ps A massive thanks also goes to the one and only TC ( ^:)^ ^:)^ ), who has kept me right with his indy coding and general Cness during this last year….
Seed Flow Chart.docx

Lam..

Here is the post that includes the flow chart..

Any queries ask Immy.... (rofl) (rofl)

Grant

ps. Thanks N for replying to Lam as well

[Grant]

Afternoon,

last day of the month and i expected profit taking to move price further than it actually did.

Still a + day so not all bad

pics attached
Grant

[Grant]

That also wraps up the months trading for Sept.

Very happy and looking forward to more of the same in October

result pic attached

Grant

[Kyle]

Fantastic month Grant. Results like this inspires the rest of us to keep chipping away until we too are consistently profitable.

[Skywalker]

Fantastic results and great motivation Grant! ^:)^ ^:)^ ^:)^

[immy]

That also wraps up the months trading for Sept.

Very happy and looking forward to more of the same in October

result pic attached

Grant

What an amazing month of trading. You are a true inspiration and I believe there are some good days ahead of you. Thank you for being with us thank you for sharing your technique and keeping your journal. its always a pleasure

[kiravon]

What an inspiration!

and the most exciting statistic is in fact quite modest
on the surface

Grant only makes an average 7.7 pips per trade

But thats every trade on average including losers!

Just like casinos only make 4.5% on every game
but that equates to tens of millions over the year

But imagine, if you have a trading accounts going back two,
three or more years and you always average 7.7 pips
per trade - what that does for your confidence!

Imagine those same accounts reveal you only actually lose
23% of the time and even then your average loss is only
half the size of your average win

So then you just confidently just keep on with the same old
thing, you don't need new indicators or any new angle
just rinse and repeat

Fantastic! This is really what I aspire to!

[bluediamond81]

This is true inspiration for me to keep going with trading.

BTW, thank you N and Grant for replying to my query.

Rgds,
Lam

[Grant]

Good Sunday Morning to you all,

End of week update.

Pics attached from Thursday and no trades on Friday.

cheers
Grant