spencer's journal

[spencerciccia1989]

hopefully I am in the right section to start recording a journal can someone verify this for me thanx.

[immy]

hopefully I am in the right section to start recording a journal can someone verify this for me thanx.

yes you are now. In order to know where you are in the forum, use the "breadcrumb"

[spencerciccia1989]

Trade plan
Spencer P Ciccia

This trade plan is to be used starting January 1, 2019 as a guide to organize and record my trading. I will make no changes for at least 3 months. At the end of three months I will asses my results progress and profits to see if this is a plan I can continute with for the remainder of the year.


trade plan

time frames

eur/usd on m5 and m1
jpy/usd on m5 and m1
eur/jpy on m5 and m1

times to trade

3:00 am start of London session (ideal time to be trading

8:00 am start of new York session (ideal time to be trading

7:00 - 8:00 pm start of Japanese session (ideal time to be trading)

Indicators

The alligator - made of three moving averages projected into the future
~the blue line(alligators jaw) is a 13 period smooth moving average, at the mid price (high + low) / 2 offset 8 bars into the future
~the red line (alligators teeth) is a 8 period smooth moving average, at teh mid price (high+low)/2 offset 5 bars into the future
~the green line (alligators lips) is a 5 period smooth moving average, at teh mid price (high +low)/2 offset 3 bars into the futre

the aimsigator ~a derivative of the red line of 5 time higher time frame (establishes the trend of the 5 times higher time frame)

Aims ao ~ is a 34 period simple moving average, plotted through teh middle points (h+l)/2 which is subtracted from the 5 period simple moving average built across the central points of bars (h+l)/2 (shows momentum)

aims box ~ formed from a minimum of five bars with the top of the box being the upper fractal the bottom of box the lower fractal
~rystal clear entry levels
~stop loss levels
aims box will be used to set pending orders 1 pip + spead above or below box (buy/sell) to enter the market (thus eliminating emotional trading)

Stop loss - should remain under 15 pips while trading on m1

Ground Rules for Entry
1. enter the market on breakout of the aims box oonly
~price must be inside aims box
~15 pip max stop loss
~candle with dot must be inside aims box

2. Trade away from the purple line

3. always set pending orders do not trade market orders

The three rules
1. alligator sleeping or awake
2. aims ao bars close to the zero line
3. entry level not to far from the stop loss

sleeping alligator is considered setup 1. (trade setup 1 on m1 with thrend established on m5)

take setup 1s on m1 when alligator mouth is open on m5

t20 trades principle
take 20 trades in exactly the same fashion looking for a discipline score of atleas 80% (all trades to be recorded and graded)

~ 1st goal learn to trade the chosen strategy.
~ 2nd goal is to maintain 100% discipline every set of 20 trades

[spencerciccia1989]

recording trades

pair - market traded instrument used

entry

exit

result - outcome of the trade in terms of R's / %

comments - reason for taking trade, reason for exiting (t20 1:1 )

disciplinbe score - 1 if followed all rules 0 if I miss something

[spencerciccia1989]

pair - aud/usd short

entry - .71219

exit - .7133

result - take profit at 7110 1r .5%

comments - looked like a good setup 1

[spencerciccia1989]

pair - eur/nzd long

entry - 165.10

exit - 1.6474

result - -.5%

comments - should have taken profit at 1r as per the t20 objective instead I was looking for tz1 fell short still had a good entry

[spencerciccia1989]

pair - gbp/usd m5 chart

entry - was 1.3194

exit - 1.3234

reward -- 3%

comments -- I took this trade off of my phone using the 144 in place of the aimsgator. strong momentum in the end of London session waited for a second push and tried so see wave off of AO.

GBPUSDM5.png

[spencerciccia1989]

pair - gbp/cad

entry - 1.7450

exit - 1.7468

result - 1% account growth

comments - at time of trade there was a peak on ao and about 130 bars on the m5 time frame

w

GBPCADM5 1.png

[spencerciccia1989]

pair - eur/usd

entry - 1.1387

exit - 1.1371

result - 1%

comments - ao looked good on the 5 minute chart but did lack the 100 bar minimum was around 70 bars. risk reward was also not ideal as I consider it.

EURUSDM5 1.png

[spencerciccia1989]

pair - eur/nzd

entry - 1.6697

exit - 1.6680

result - .25%

comments - looking at this trade as I type it up it was not the cleanest trade there were more then 140 bars on 1 minute time frame I did manage my way out of it on cross of the alligator and aimsigator (should avoid trades like this )

EURNZDM1.png