TJ's Journal
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SprayPlaster
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- Joined: 29 Mar 2016, 02:45
- 9
Re: TJ's Journal
It's nearly 11 pm here, so I can almost guarantee that there won't be anymore trades this month. So in 3 weeks of trading H1 hunt (10th till 31st May), I managed to get +6R profit (possible +11R with better management) for an average of +2R profit per week (or possible +3.7R/week). Very pleased with the results so far. Of course I prefer 10000R per day but this is better than I expected. Looking forward to next month/tomorrow.
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SprayPlaster
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- 9
Re: TJ's Journal
Trade 1
Pair: EURJPY
Entry: SEED
Exit: 2R
Result: 2R (0.2%)
Disciplinary Score : DS 1
Comments: Saw the signal before going to work, but the seed was actually more than an hour old (another candle already formed after the seed). However, current price at the time I was in front of the chart was above the low of the candle, so I managed to place a PO based on the seed signal.
Pair: EURJPY
Entry: SEED
Exit: 2R
Result: 2R (0.2%)
Disciplinary Score : DS 1
Comments: Saw the signal before going to work, but the seed was actually more than an hour old (another candle already formed after the seed). However, current price at the time I was in front of the chart was above the low of the candle, so I managed to place a PO based on the seed signal.
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immy
- Founder
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- Joined: 22 Nov 2010, 16:46
- 14
Re: TJ's Journal
great going on so far TJ,. I don't think you'll need to change your strategy after your T20's becasue this is a sustainable strategy. well done. keep it going
What is the Secret of Successful Trading?
The Consistent Pursuit of DS1
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!
The Consistent Pursuit of DS1
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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SprayPlaster
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- Posts: 152
- Joined: 29 Mar 2016, 02:45
- 9
Re: TJ's Journal
Thank you Immy, will do. Probably just going to tweak some stuff for improved trade management such as using a vps or something.immy wrote:great going on so far TJ,. I don't think you'll need to change your strategy after your T20's becasue this is a sustainable strategy. well done. keep it going
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SprayPlaster
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Re: TJ's Journal
Trade 2
Pair: EURJPY
Entry: Cherry
Exit: 2R
Result: BE (0%)
Disciplinary Score : DS 1
Comments: N/A
Pair: EURJPY
Entry: Cherry
Exit: 2R
Result: BE (0%)
Disciplinary Score : DS 1
Comments: N/A
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SprayPlaster
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Re: TJ's Journal
Trade 3
Pair: EURJPY
Entry: Cherry
Exit: 2R
Result: -1R (-0.1%)
Disciplinary Score : DS 1
Comments: N/A
Pair: EURJPY
Entry: Cherry
Exit: 2R
Result: -1R (-0.1%)
Disciplinary Score : DS 1
Comments: N/A
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SprayPlaster
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Re: TJ's Journal
Trade 4
Pair: UCAD
Entry: Cherry
Exit: 2R
Result: BE (0%)
Disciplinary Score : DS 1
Comments: N/A
Pair: UCAD
Entry: Cherry
Exit: 2R
Result: BE (0%)
Disciplinary Score : DS 1
Comments: N/A
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SprayPlaster
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- Posts: 152
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- 9
Re: TJ's Journal
Forgot to attach pic, haha.
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SprayPlaster
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Re: TJ's Journal
So I've finished my first T20, and I'm quite pleased with my discipline here, but there are still room to improve. I did a total of 21 trades and was planning to include that 21st trade with the next batch of T20, however, since I'm going to change the money management strategy a little bit, I will just group it with this first batch.
DS for T21: 19/21
Total Profit: 7R
DS for T21: 19/21
Total Profit: 7R
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SprayPlaster
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Re: TJ's Journal
Hey all, I apologise for the lack of updates. Due to a combination of being very busy at the moment (80+ hours work weeks), lack of good signals when I'm in front of the screen, spikes and uncertainties due to Brexit and of course Euro 2016, I haven't taken any trades yet in the past few weeks, but I still review the charts and skype chats every day.
I still think H1 Hunt is for me so I will be sticking with it but going to change some details of the plan a little bit. I will be using Hunt on a classic template with purple filter instead of using channel. I will also only take the best signals by changing the ATR settings on Seed and Cherry indicators to 1.5
I also feel like I'm ready to learn to let the trades run, so I will change my trade management plan to as follows: 2 orders (each 0.5%) will be made for each valid signal: the first will have a TP at 1:1 and the other at 15:1 and trailing boxes.
I still think H1 Hunt is for me so I will be sticking with it but going to change some details of the plan a little bit. I will be using Hunt on a classic template with purple filter instead of using channel. I will also only take the best signals by changing the ATR settings on Seed and Cherry indicators to 1.5
I also feel like I'm ready to learn to let the trades run, so I will change my trade management plan to as follows: 2 orders (each 0.5%) will be made for each valid signal: the first will have a TP at 1:1 and the other at 15:1 and trailing boxes.