Ike's Journal

[stead]

This is my first day by trading AIMS system, hope someone can review it and give me some feedback that I can improve my trading skill. Thank you all~

Cheers

Ike

[immy]

Hey Ike

Great Start

First of all let me Congratulate you on starting your own journal. A Journal is not only an extremely important step but also very powerful learning tool. Moreover to get the best out of the forum I highly recommend starting and updating your journal. Its your own space. You'll be amazed to see how you traded 3 months from now.

Ok so back to the trades. All I can say is WELL DONE! WELL DONE!

The first trade as you know could have got you alot more, but who knows whats coming next right? no worries.
The second Trade -12 is a rather bigger hit, try to minimise that, your exit was actually the same bar that you made your entry on. Using that candle you could have minimised your "RENT" (losing trade) to almost half of what you've paid. You must ~NEVER pay more than 10 pips on m1. the third trade is well executed and managed. well done. 4th one... is Priceless! wonderful!

Just remember keep your winners running, let them be bigger and bigger and keep your losers small. To do that, make sure your entries are as close as possible to exit points.

cheers - Wish you all the Green pips!

[stead]

Hey immy & all,

Thanks for your comment. Yes you are right, SL should be 10 pips or less because I am trading M1 chart.
I live in Asian and I have a job, so I can trade after my work and before sleeping during GMT 12:00 pm to 16:00pm. I am not sure if this period is good to trade.
During my writing the market still keep moving down, is it setup 2 and should I take this trade?

Looking forward to your teaching & comment. Thank you!

Ike

[stead]

No red dot but still tried to trade but stop out quickly and lost 4 pips~ Shall I trade only with Red Dot or Green Dot?

[stead]

Another no win/loss trade, try to hold the trade to gain a big move but the market is still range~

[immy]

Hey immy & all,

Thanks for your comment. Yes you are right, SL should be 10 pips or less because I am trading M1 chart.
I live in Asian and I have a job, so I can trade after my work and before sleeping during GMT 12:00 pm to 16:00pm. I am not sure if this period is good to trade.
During my writing the market still keep moving down, is it setup 2 and should I take this trade?

Looking forward to your teaching & comment. Thank you!

Ike

Ike

First of all, well done on your trade execution. This is very good.

Whether you should take a trade there or not? the answer is YES AND NO
Yes, if you have confidence in the trend and you would like to continue you can take a smaller add on position there. No for add on I'd say if you did not take the previous trade then dont take this one. but since you had participated in this trend/move down you had earned the right to get back in if the trend continued. In your case today you could have taken an entry just to find out. But thats ok if you did not, because at that time setup was not High probability.

The last trade was NOT as setup. AIMS Waves had crossed zero line to turn red a while ago, you traded this wave already and the wave was at the end. so No Setup. But still very well done on the exit and reduced lot size. You can become a good trader very soon if you continue like this....

cheers and have a great weekend

[stead]

I did two bad trades before market closed last week. The last trade I didn't take small profile and left it because I was sleeping.
two -11 pips loss were a little hurt, I should make stoploss smaller.
Still need to practice and discipline.

[stead]

The first trade made some loss and the second trade made a small profit. It's so pity I lost a big move. Keep practicing.
Sometimes I felt the market was so strange because when I wan is trade, the market moved very slowly. When I was not in trade them the market moved very big..

[stead]

I had one loss and one profit trades today. Although I missed a big trend but it's enough.
The fund backed to initial deposit. I need to practice to be patient, it is very difficult.
I believe the system works, need to stick it more~

[Herbert]

Wow Ike!
Which TF did u trade the last chart on? 1m or 5m?
Herbert