My PC that I use for documenting stuffs finally broke down (I use a different laptop for trading) so I couldn't update the journal sooner. Here were my trades for this week (2 trades currently still running)
Trade 1
Pair: AU
Entry: SEED
Exit: TP 1 at 1:1 and TP 2 is trailing boxes
Result: BE (0%)
Disciplinary Score : DS 1
Comments: N/A
TJ's Journal
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SprayPlaster
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- Joined: 29 Mar 2016, 02:45
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SprayPlaster
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- Posts: 152
- Joined: 29 Mar 2016, 02:45
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Re: TJ's Journal
Trade 2
Pair: GU
Entry: CHERRY
Exit: TP 1 at 1:1 and TP 2 is trailing boxes
Result: BE (0%)
Disciplinary Score : DS 1
Comments: On hindsight, I think I might've joined the trend a bit too late, but at the time it ticked all my boxes. Something for me to keep in mind in the future.
Pair: GU
Entry: CHERRY
Exit: TP 1 at 1:1 and TP 2 is trailing boxes
Result: BE (0%)
Disciplinary Score : DS 1
Comments: On hindsight, I think I might've joined the trend a bit too late, but at the time it ticked all my boxes. Something for me to keep in mind in the future.
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immy
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Re: TJ's Journal
on no yen pairs, take trades within the first 10 hrs of the session starting at FO.
Read this again, you may as well make this a rule. I don't take trades after London close. period.
Read this again, you may as well make this a rule. I don't take trades after London close. period.
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
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Re: TJ's Journal
Will do Immy, does that include Aus pairs as well?immy wrote:on no yen pairs, take trades within the first 10 hrs of the session starting at FO.
Read this again, you may as well make this a rule. I don't take trades after London close. period.
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immy
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- Posts: 9654
- Joined: 22 Nov 2010, 16:46
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Re: TJ's Journal
What I meant to write, sorry, was that we should take trades between FO and London Close. However, the Yen Pairs can be traded around tokyo open as well. I don't know if AU moves, all the time in that session but certainly on news days it does. You'll have to find out yourself. Do some back testing. I trade between FO to LC. Gotta have a life as welll...
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!
-
SprayPlaster
- Free Member
- Posts: 152
- Joined: 29 Mar 2016, 02:45
- 9
Re: TJ's Journal
Alright, thanks for the tips, will update my plans.immy wrote:What I meant to write, sorry, was that we should take trades between FO and London Close. However, the Yen Pairs can be traded around tokyo open as well. I don't know if AU moves, all the time in that session but certainly on news days it does. You'll have to find out yourself. Do some back testing. I trade between FO to LC. Gotta have a life as welll...
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SprayPlaster
- Free Member
- Posts: 152
- Joined: 29 Mar 2016, 02:45
- 9
Re: TJ's Journal
Trade 3
Pair: USDCAD
Entry: CHERRY
Exit: TP 1 at 1:1 and TP 2 is trailing boxes
Result: 1R + 1.75R = 2.75R
Disciplinary Score : DS 1
Comments: This signal was taken after my trading hours, but at that time I haven't updated my plan yet, so DS1, haha. There was a better signal that appeared after that with a smaller SL, but I wasn't around to change the pending order.
Pair: USDCAD
Entry: CHERRY
Exit: TP 1 at 1:1 and TP 2 is trailing boxes
Result: 1R + 1.75R = 2.75R
Disciplinary Score : DS 1
Comments: This signal was taken after my trading hours, but at that time I haven't updated my plan yet, so DS1, haha. There was a better signal that appeared after that with a smaller SL, but I wasn't around to change the pending order.
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immy
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- Joined: 22 Nov 2010, 16:46
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Re: TJ's Journal
nice monarch cherry
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!
-
SprayPlaster
- Free Member
- Posts: 152
- Joined: 29 Mar 2016, 02:45
- 9
Re: TJ's Journal
Trade 4
Pair: AUDUSD
Entry: CHERRY
Exit: TP 1 at 1:1 and TP 2 is trailing boxes
Result: -2R
Disciplinary Score : DS 1
Pre-trade comments: The pair was in a strong downtrend, but has lost momentum and ranging for the past few days.
Post-trade comments: The signal was preceded by a strong bullish candle (50+ pips) and a few doji candles, not the preferable smooth wave up followed by a retracement. Missed BE by a pip.
Pair: AUDUSD
Entry: CHERRY
Exit: TP 1 at 1:1 and TP 2 is trailing boxes
Result: -2R
Disciplinary Score : DS 1
Pre-trade comments: The pair was in a strong downtrend, but has lost momentum and ranging for the past few days.
Post-trade comments: The signal was preceded by a strong bullish candle (50+ pips) and a few doji candles, not the preferable smooth wave up followed by a retracement. Missed BE by a pip.
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SprayPlaster
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Re: TJ's Journal
Only took one trade the past 3 weeks, missed a couple of really big winners. Was really occupied with my work and I'm applying to go back to class as well so I can stop earning peanuts every month haha. The next few years will be very hectic for me (whew)
Trade 5
Pair: AUDUSD
Entry: Seed
Exit: TP 1 at 1:1 and TP 2 is trailing boxes
Result: BE
Disciplinary Score : DS 1
Pre-trade comments: Setup looked good. And the seed signal is less than 3 pips so it has a really really nice profit potential.
Post-trade comments: Second trade got taken out by a single pip.
Trade 5
Pair: AUDUSD
Entry: Seed
Exit: TP 1 at 1:1 and TP 2 is trailing boxes
Result: BE
Disciplinary Score : DS 1
Pre-trade comments: Setup looked good. And the seed signal is less than 3 pips so it has a really really nice profit potential.
Post-trade comments: Second trade got taken out by a single pip.
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