foztrading's trade journal

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foztrading
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Joined: 11 Jan 2021, 08:35
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foztrading's trade journal

Unread post by foztrading »

Hi, My name is Richard and I’ve been trading on and off for several years and tried many different trading strategies but so far unable to consistently trade profitably. Reading a few posts on here and the AIMS setup document it’s clear that discipline and accountability are the first steps to turning my trading around. I’m going to read the setup document again then I’ll start posting my trades here. 

Trading plan v1.1
  • Trade the H4/H4 setup 1 on the major pairs
  • Active mainly during London and NY sessions
  • Aiming for 20pips per day
  • Demo account until consistent
  • Once consistent live spread bet account at £1 per pip
  • Increase position size according to account size not exceeding 2% risk per trade
  • Consider other markets & setups as my skills improve
@immy I’ve seen discipline score mentioned but I’m not sure how to calculate it, what have I missed?

Also for trade number you refer to batch, is that simply trades batched into groups of 20? 
thanks  :thumbs
 
 
 
 
 
Last edited by foztrading on 10 Feb 2021, 11:17, edited 2 times in total.
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immy
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Re: foztrading's trade journal

Unread post by immy »

Hi, Welcome to the World of Disciplined Traders...

Journaling is a powerful tool. You will love it.

Have you completed Lesson 3 Step 4?

 
 
What is the Secret of Successful Trading?
The Consistent Pursuit of DS1 :nerd

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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foztrading
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Re: foztrading's trade journal

Unread post by foztrading »

immy wrote: 19 Jan 2021, 21:50 Hi, Welcome to the World of Disciplined Traders...

Journaling is a powerful tool. You will love it.

Have you complete Lesson 3 Step 4?


 
 I'm getting access denied to that link?
 
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immy
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Re: foztrading's trade journal

Unread post by immy »

Sorry about that, it has been fixed. check again
What is the Secret of Successful Trading?
The Consistent Pursuit of DS1 :nerd

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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foztrading
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Re: foztrading's trade journal

Unread post by foztrading »

1. Batch 01 Trade 01
2. 2021-02-09
3. NZDUSD
4. Setup 1 buy
5. Setup orders as per rules
6. Trade was stopped out, no worries I followed the rules
7. 1
8. 1

 
 
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foztrading
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Re: foztrading's trade journal

Unread post by foztrading »

1. Batch 01 Trade 02
2. 2021-02-10
3. USDCHF
4. Setup 1 sell
5. Setup orders as per rules
6. Trade was stopped out, no worries I followed the rules
7. Win/Loss: Loss - 0/2 (0%)
8. DS: 1 - 2/2 (100%)
 
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foztrading
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Re: foztrading's trade journal

Unread post by foztrading »

1. Batch 01 Trade 03
2. 2021-02-11
3. EURUSD
4. Setup 1 buy
5. Setup orders as per rules
6. Trade was stopped out, getting a bit frustrated with losses
7. Win/Loss: Loss - 0/3 (0%)
8. DS: 1 - 3/3 (100%)
 
 
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foztrading
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Re: foztrading's trade journal

Unread post by foztrading »

1. Batch 01 Trade 04
2. 2021-02-12
3. EURJPY
4. Setup 1 buy
5. Setup orders as per rules
6. Trade was stopped out, only a small loss this imte
7. Win/Loss: Loss - 0/4 (0%)
8. DS: 1 - 4/4 (100%)
 
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Re: foztrading's trade journal

Unread post by immy »

foztrading wrote: 10 Feb 2021, 11:23 1. Batch 01 Trade 01
2. 2021-02-09
3. NZDUSD
4. Setup 1 buy
5. Setup orders as per rules
6. Trade was stopped out, no worries I followed the rules
7. 1
8. 1

 
 

 
Hi 

It's great that you're posting your trades with trade pictures. However, there is one thing I must point out. 
Your picture is TOO zoomed in. We are NOT price action traders. We trade a  Pattern that requires between 60-100 candles. So your picture should have at least that many candles/bars. This will allow you to appreciate the picture in full. Hope this makes sense... Your most recent post is more like it..

Moreover, Always print a picture of the H4 chart as well. So that you know where did you take your trade within the trend or range of the 5XHTF. We don't want to trade within the TIGHT range of the 5XHTF. We want to trade inside the WAVE, an impulse wave, il.e a trending market on the 5XHTF... If you check the Kiwi chart on the H4 , (drag and drop trade from History to show the trade arrows) then move ot H4 to see what it looked like... REcord those charts so that when its time for you to r eview your LAST 20 trades... you will know what was happening. 

cheers 
What is the Secret of Successful Trading?
The Consistent Pursuit of DS1 :nerd

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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foztrading
Posts: 10
Joined: 11 Jan 2021, 08:35
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Re: foztrading's trade journal

Unread post by foztrading »

1. Batch 01 Trade 05
2. 2021-02-18
3. USDCAD
4. Setup 1 buy
5. Setup orders as per rules
6. Trade was stopped out
7. Win/Loss: Loss - 0/5 (0%)
8. DS: 0 - 4/5 (80%)
 
 
 
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Last edited by foztrading on 21 Feb 2021, 11:51, edited 2 times in total.
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