Can's journal

[Ural]

Hello everyone!

My name is Can and i joined Aims two weeks ago. First week was full of studying and digesting what i have read and watched. Even though i read books and workshops of Bill Williams, properly understanding them and applying to trading dont happen instantly(at least for me). Im glad i have found AIMS, not just to trade better but also for mental(psychological) support too which i think is most important. I began trading this week again for my first T20 and result is 11.7% already! Could have been more but i still have those old habits that i need to trim.

Because of my job, i dont have much time id spend in front of my computer so i use my phone mainly with notifications coming from my laptop. Next week ill order an indicator that will send me screenshots of charts which i believe will help me trade better.

As for my goal; i will trade Setup 0,1 and 2 in H1 and look for H4 and D1 for trend. Every day i will check news as well and wont trade in days that have really high impact news like FOMC decision(cant do anything about Trump tweets or French politicians though ) I am currently trading in demo and wont use real account until i feel confident enough.

I will post details of my trades of this week here, later today or tomorrow.

[acceleratum]

Hello and welcome, good to see you starting a journal.
A couple things: Id recommend you stick to our template for setup, you can grab the indies on the forums and install them on Metatrader4, if you use your phone to trade the ideal is to buy a VPS install the MT4 with indies there and access from your phone with remote connection, that way you have all the customized indicators and tools from your phone. If you dont use Metatrader or want to stick with your mobile app then you should at least clear that screen, You only need AO, boxes and gator. I see your using fractals instead of boxes but the stochastic and the other oscilator arent needed. Also you can trade the daily chart just checking the charts a couple minutes at end of day at home without even needing the phone, or if you can access your computer every 4h the h4 charts.

[Ural]

Thanks for your comments! What i tried to explain was; i set all indicators up and running in my laptop and have been using them already, until getting a vps(which is soon) i am trading from laptop which sends me notifications then i check the fractals for entry levels and then trade. No problem so far. But as you have suggested, im considering vps for better conditions.

[immy]

Hey Can,

Well done , you've taken a big step. Pedro has said what I would say, nothing to add except one point. That I have raised as a reply to my own topic... link here... please read ... .

http://www.itradeaims.net/forum/viewtop ... 394#p26394

[Ural]

For this week only i will post my trades pair by pair instead of time order, sorry for that.

First one i took with PO and exited manually, +32pips, Ds=1
Second one i took again with market order and exited with box trailing, +23 pips



This is my old habit, trying to get rid of for good. Even though it pays off sometimes its really dangerous especially if it goes on my way for a while then i get more greedy and market slaps me in the face. Saw the dot, realised i missed the initial PO, then opened my first position, realised it was going against me, then opened another position, waited for a while and opened another one again. After i was close to my first position, i closed them all. Problem is, i used like 4.5% risk here. I am ambitious about getting rid of this habit for good!



Premature entry due to seeing fractals and not boxes(As Pedro warned and informed me). Box trailing and stopped out at night. +18 pips
Then entered trade after seeing the next candle and in morning exited manually, another big mistake here. -24pips



First one; saw the dot, PO triggered, trend was down but it got stopped out. -12pips
Second one is a campaign, Setup 0, Purple inside box, checked H4, trend was down and then waited for PO to get triggered. Second entry was a bit late because of news. I waited to see to which direction news would take the price and after positive news and box breakout, i added with double position here. First exit in fibonacci TZ level and second is box trailing, stopped out. +47 + 19 pips.



First one; entered after dot and PO, exited manually(old habit, not having enough confidence) +46 pips
Second one; trend is still down and i opened it from mobile, exited manually again; +72pips

[acceleratum]

ok so you should stop with those addons and wild entries, the setup 1 dots entries seem like your in the right track but all that manual touches will hurt you in the long run, keep a money management set in stone. The T20 technique is a must to train your discipline and we use it as part of our system.
read the t20 and apply it to your trades, it consists on recording your trades and every 20 trades make a little summary with discipline score "DS" , you follow a strict plan and mark it as DS1 or DS0. Simple and it works wonders for discipline, exactly what you seem to be lacking.
Also we usually recommend a simple 1:2 RR, never do manual entry or close. Target is 2x your risk. at 1R you move your sl to BreakEven, thats all. The outcomes are awlays -1R 0 or +2R. and you give yourself a DS1 score if you followed it and DS0 if your broke the plan. You can find this in more detail in the trading plan and t20 threads here in forum.

[immy]

Hey Can,

Well done , you've taken a big step. Pedro has said what I would say, nothing to add except one point. That I have raised as a reply to my own topic... link here... please read ... .

http://www.itradeaims.net/forum/viewtop ... 394#p26394

I'd like to Repost my comment. In case you missed it.

[Ural]

Thanks, saw it and got message(clearly and obviously :-bd ). But until that video, that setup was Setup 1 for me. After seeing it i realised you changed your signature to in line with that too And no, i wont take setup 0 again as we have a saying here; 'hot milk makes you try to cool down yoghurt' Even though result of that AU campaign turned in my favor

[immy]

The blindness of a single event... a dangerous thing... Our ancestors, were clever, hence they became superstitious... "I stumbled on this stone here, fell over and found a coin" ... Lets do it again...

When a trader makes a trade and it goes in "their favour" [depends on your time bound perspective] but broke their rules. They learn, "lets stumble again"...

What happens next?

The Random Event Addiction. one of the worst addiction is the addiction of "random rewards"... Think casions and gambling. A certain chemical is released in your body. Its just so exhilarating. Monkeys go wild during random reward testing. A trade without a plan, a trade without a DS, a trade without a strategy, is JUST THAT.... people lose their Entire worth trying to find that next big wave....

When you take a trade against the rules of the setup you are trading "random" patterns. those patterns have less than 50% rate of success. WHen you follow the Setup 1 rules, you then have 33% chance of a losing trade, 33% chance of winning trade and 33% chance of BE.. (roughly)... this is a HUGE edge its gives you 1.5 profit factor and that to any statistician is HUGE....

have a great weekend... don't gamble, run your "trading business" professionally... [I'm not a guru, and I certainly don't want to sound like one, if I said more than I should, please accept my apologies.]

[Ural]

Waiting for Setup 1, patiently, hopefully