Polish Trades

[Luke]

Think its time i started making a journal on here that i am going to up date everyday.
Been trading for bout 9 years not forex tho been doing forex about 3 years made some good money over the years and also had some painful lessons along the way like wiping a whole bank 2 weeks before xmas when i was 22, you know what they say about burnt fingers i deffo wont be doing that again.
So i'm not really a newbie but i am to aims.Just been hanging around here watching few vids looking at journals fell asleep for a bit (rough weekend) lol early night tonight for a full day trading tomorrow.
It seems a different way of trading from what i know. But am sure i will get the hang of it and become helpful to newbies.
By way am not polish its a nick name at work because i work like a nutter and no one can keep up ha ha calmed down now am little older

Luke :ymalien:

[immy]

Luke

(rofl) Welcome to the world of Journal Keeping! I really do hope that you remain disciplined in keeping your journal and updating it regularly. This exercise of keeping a journal itself requires discipline. It is the best thing that's ever happened to me trading wise. All the best, Polish Guy! (hug)

[Luke]

First trade b/e

[Luke]

Losser 12 pips will work out my percent end of the day

[Luke]

[Spyros]

Hello,

I also placed a pending order but I did it calculating the 5min low at 1.25783. It was missed by less than one pip.

Very difficult to find a clear direction the last few days.

[immy]

Spyros!

I find that a quick look on h1 reveals the story. In General, after a strong wave 3/5 with AIMS Wave peaking price usually start coming back into Gator's mouth on H1's. During this journey back to home then m1/m5's might only provides scalping opps, which require a bit of skill. Best to trade in the direction of the higher time frame trends using Setup 1/2.

Another lesson learnt and lets say NEXT

[Luke]

So immy are you saying to check the 1hr now and then. When i trade the 15 min the 1 hr trend is my rule wasnt sure if the 5 min was enough on 1min. Have you took any trades today?

[Luke]

Just looked at 1hr if i had looked at this first thing dont think i would have placed a trade its flat

[immy]

So immy are you saying to check the 1hr now and then. When i trade the 15 min the 1 hr trend is my rule wasnt sure if the 5 min was enough on 1min. Have you took any trades today?

I study the h1 for a minute and then down to m5/m1. I usually check all H1's for my H1 strategy anyway so I like to know where in the wave of H1 are we playing m5/m1 . To limit your trades one can create a rule of not trading when H1 high and low are tight or just be more selective if H1 is not showing a trend. But that might be a bit too cumbersome for those watching multiple charts. I trade m1 only on EUR/USD so no problems. This am I noticed that my leg was vibrating, sign of anxiety. I saw no apparent reason, so I thought it must be a subconscious reason. I used the process of deduction and thus switched off m5 screens. That seemed to work. So I concluded my mind was overwhelmed with too much information. Now I feel relaxed and more focused.

Keeping pips is harder than making at times.