Tom from Leeds's Journal

[tombacon89]

Hi all, i couldn't get my head around eur and cable this morning. I took a 15min trade on UJ my target was 14pips for 1% profit. I had a blue dot signal on the 5min chart, and looking at the 5min it was clear that momentum was getting tired. I chose to come out of the trade for -3.2 pips which was around -0.25%. I can live with that. Looking back on the trade, I took the break of the 60 low, price looked to find support from what I think was the 240 low if you look at aims boxes to the left of my trade. Temped to add the 240 low onto my 15min charts, 1 to filter trades such as this and 2 to provide S/R targets.

[msk185]

Hi Tom, on my M1 charts I have the 5 15 and 30 min levels displayed and on the 5 min charts the 15, H1 and H4 levels

I find this helps as a quick look at the 5min warns me of any higher t/f levels close to my entry as well as giving potential tgt zones

Mike

[tombacon89]

-2 pips here, I am a little bit annoyed with myself on this trade, should have waitied for a fresh cross of AO. After being patient and disciplined all morning this was a bit slack, time for a break.

[tombacon89]

I got the next move on UJ for +7.8 pips (just short of 1%). It took some time to get there but I was happy with my trade management. I trailed aims boxes until a confirmed exit signal, I know it's quite common for UJ to take time to get it's feet off the ground which is why I chose to not pay too much attention to the ao, and trailed aims on this one. This time it paid off

[tombacon89]

The entry on this was perhaps a bit far away from the ideal stop above the aims, went with a 10 pip stop with my target at tz1 10 pips away including spread, taking the break of the 15min level. I closed manually after watching price stall for +1.5, but that 1.5pips means i've done 0.99% today, (my weekly target is 1%) so as immy would say, take it with an attitude of gratitude

[immy]

Tom

thats good trading mate. With patience and discipline you'll start hitting bigger wins. Just dont forget that you are learning and learning is a process not a thing!

cheers

immy

[tombacon89]

Hi all, that's me done for the week. I missed the pink dot setup on euro 1min this morning and had 1 po set for a wave 5 but that got deleted.

That leaves me with a total of 0.54% up for the week, and so far this month up 2.47%. Small steps but in the right direction. I am still trading the smallest lot size, so my % gains are based on risk reward, not money for now. I will trade small positions for the rest of June and starting in July I am going to up my lot sizes so I am trading a full 1% risk.

Have a good weekend all, cheers

[immy]

Hi

"A Journey of a 1000 miles begins with the first step"

Well done and a have a great weekend!

[Topher]

Great result Tom well done.

[Kyle]

Great stuff Tom,
I am new myself and a fair bit behind you in progress, but it was so good reading through your journal seeing so many questions, mistakes etc and showing it warts and all. I am doing the same with my journal. Racking up many losses at the moment, but celebrating the fact that it is part of learning the AIMS process and eventually mastering it.

It truly looks like you have turned the corner. Your continued optimism and good attitude has helped you a lot and it will stand you in good stead for the future. For that, I congratulate you in advance.

It is going to be great to keep up on your progress, as it is a nice insight for me in my trading journey as well :-bd

Kyle