Man, I wish we had added this question into the journal format for all otehr members years ago. it would have brought such a differnece. That is a great lesson. above. @everyonefxsam wrote: 05 Feb 2019, 10:41
What did i learn and how will i make it better in future ?
Today i learnt understanding of market from start of session is very important. Once you get understanding and get feel for the market keep FOCUS and follow trend. Stick to rules. If setup is missed then wait for next one. Do not go against trend. In future i will be more discipline and stick to my rule and Focus hard.
Sam's Journal [Awarded Title: The Master of Famous Setup ]
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immy
- Founder
- Posts: 9654
- Joined: 22 Nov 2010, 16:46
- 14
Re: Sam's Journal [Awarded Title: The Master of Famous Setup ]
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!
-
immy
- Founder
- Posts: 9654
- Joined: 22 Nov 2010, 16:46
- 14
Re: Sam's Journal [Awarded Title: The Master of Famous Setup ]
This is a very good method. I love it. MONEY MAKER... BIG TIMEfxsam wrote: 04 Mar 2019, 10:27 Back to famous way. Before LO i scanned through various market. Found gold moved well on Friday and had 5th of wave 3 pending on H1. It was famous pattern. I entered before LO and then first add-on at box break and second add-on at AIMS left level. I closed half of first 2 positions when price reached to 1290 which was also low of m15 wave3. Imi pointed out about candle trail then i had a look at chart and spotted 5 red candle and trade was in very good profit so clicked CTL.
Exit - First half on BRN/AIMS left level and second half trailing candles
How can i trade this better ? - Avoid high risk. 2nd add-on added some extra risk as 2 position was sufficient.
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!
-
immy
- Founder
- Posts: 9654
- Joined: 22 Nov 2010, 16:46
- 14
Re: Sam's Journal [Awarded Title: The Master of Famous Setup ]
Bro... its been EXACTLY one year ... it was last year , 13 months ago... you said you were gonna carry on with this... bloody helll..fxsam wrote: 04 Mar 2019, 10:43 Saw famous pattern on Silver as well. So took initial setup and added-on at box break.
Entry - Closed half of first entry at left level which was also lowest level of m15 wave3. Closed remaining half manually when AO wasa at peak and H1 shown diverged AO. it was manual exit.
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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azlankhann
- AIMSter
- Posts: 5
- Joined: 02 Feb 2018, 14:52
- 7
Re: Sam's Journal [Awarded Title: The Master of Famous Setup ]
I hope you start updating your journal again. I was just going through it
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retzolini
- Free Member
- Posts: 1
- Joined: 18 Aug 2021, 11:53
- 4
Re: Sam's Journal
what is bdc? can anybody explain it to me?fxsam wrote: 23 Oct 2013, 09:43 Another Gooder. I am having a ball today. Looks like best trading day so far. Picture tells the rest.
PS. My original target was 100 pips which was missed by 5 pips. News was on the way and BDC forced me to grab profit and close the trade.