Randy Cha Journal

[bhands]

Hi Randy,

Nice trades, would you consider dragging the trades from the Account History to your charts so we could follow that actual entries & exits with those little arrows on the chart?

Many thanks and keep up the good work!

Bruce H

[Randy Cha]

Hi Bruce,

Sorry for late reply.
Did not trade on Friday and weekends. )
I will type in my entries next time.

Cheers,
Randy

[moty]

Hi Bruce,

Sorry for late reply.
Did not trade on Friday and weekends. )
I will type in my entries next time.

Cheers,
Randy

Hi Randy
You dont need to type your entries, just click on the Account History tab at bottom of the MT4 platform. With your cursor, highlight one of your closed trades, then click and drag it to your chart. The entry and exit points of the trade will then be plotted on the chart.
Moty

[Randy Cha]

30 Jan 2012

Good day

Mood - ok/neutral

Bigger TF - downtrend
Go short on H1 (2 minis) and M1 (2 minis) TFs.
H1 trades - positive trades, riding the trend; > 100 pips; will see how they turn out later; likely to exit by end of day.
M1 trades - short 2 minis; both fixed targets at 20 pips.

Trades on M1 chart:

120130_chart 33.gif

[Randy Cha]

Thanks, Moty.

[Randy Cha]

31 Jan 2012

Day - ok

Mood - Got into a tiff with my dad 2 days back / worried about his feelings

Do 2 trades on M1 chart.

120131_chart 36.gif

1st trade:
Setup 1. Straightforward. TP +20 pips.

2nd trade:
Acceleration from potential coincident point.
Use Fib. Expanison to determine target objective.
Initially, expect price to hit FE 161.8 ("clear blue sky"), but price pulls back.
Usually I am quite relaxed and calm but today, I feel restless to continue further, so I manual exit. TP ~ +11 pips.
I decided no more trades for me today because of my emotional state and lack of focus :ymsigh:

[Bettina]

Hi Randy,

do you care about round levels ? I didn't take that one because of the near 1.3200.
But I never know, whether the set up could be stronger as it was in this case.
Bettina

[PaulF]

Hi Randy,

I don't know why you bother with a journal, as far as I can see you've got it all worked out already! Have you had a loser yet??

BobbyF

[Randy Cha]

Hi Bettina,

Thanks for post.
You are right - indeed, round numbers attract many traders. Some traders find entries at these levels, while some traders don't. The former usually find some confirmation signals like a harami or an engulfing candle to proceed.
For my case, I entered the trade - price pull back, rest for a while, gain momentum and move forward again ... because I took this as price acceleration from the coincident point.
But it didn't go as far as I would like it ... perhaps after all, it could be due to the round numbers.

hope that answers your query.

Cheers, Randy

[Randy Cha]

Hi Bobby,

Thanks for the post.
All my trades are so far good because I do not take many trades - each day, 1 to 2 trades.
That could be the most likely reason.
Also, Jan is a good month (in my opinion).

Good trading,
Randy