Good morning everyone and welcome to a new week. Best of luck!
Rent for me to start proceedings....
EU short for -3.4 and an add on for -6.9 for a total of -10.3 (SL 14, -0.74%). Moved SL to above most recent M1 AIMS level and closed on SL.
Dave from Sydney's Journal [Awarded Title: the Box-Trader]
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Dave
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Re: Dave from Sydney's Journal
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Now, I choose to make a profit in trading.
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Dave
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Re: Dave from Sydney's Journal
Tuesday 3 July
Only got an hour or so around UK open and didn't see any setups I liked. So no trades, hopefully some tomorrow!
Dave
Only got an hour or so around UK open and didn't see any setups I liked. So no trades, hopefully some tomorrow!
Dave
Now, I choose to make a profit in trading.
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Dave
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Re: Dave from Sydney's Journal
Wednesday 4 July
Hi everyone, hope you're all well.
EU short for 0.8 pips (7.8 SL, 0.10%). Standard type 1 entry but not enough gusto to push through the 5min low, stayed in for one attempt at the break but when it bounced again I was watching my pip count and said to myself if it showed <1 pip then I'd be out, so closed when it dipped below 1.
Happy with the entry. All criticism welcome!
Hi everyone, hope you're all well.
EU short for 0.8 pips (7.8 SL, 0.10%). Standard type 1 entry but not enough gusto to push through the 5min low, stayed in for one attempt at the break but when it bounced again I was watching my pip count and said to myself if it showed <1 pip then I'd be out, so closed when it dipped below 1.
Happy with the entry. All criticism welcome!
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Now, I choose to make a profit in trading.
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Bettina
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Re: Dave from Sydney's Journal
Hi David,
took exactly the same, with a result of 1.7.
This I feel to be real progress, not to let those non-starters into rents
Bettina
took exactly the same, with a result of 1.7.
This I feel to be real progress, not to let those non-starters into rents
Bettina
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immy
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Re: Dave from Sydney's Journal
Dave
Well done on that one. I hope you caught the next one. That was my favourite setup. M5 Alligator recently opened and Setup 2. m1 there was Setup 1, pointed by arrows (even double arrows) and I love it more when we have entry on double aims i.e. entry level was the same for m5 and m1. A double setup (the logic of V6)
cheers
Well done on that one. I hope you caught the next one. That was my favourite setup. M5 Alligator recently opened and Setup 2. m1 there was Setup 1, pointed by arrows (even double arrows) and I love it more when we have entry on double aims i.e. entry level was the same for m5 and m1. A double setup (the logic of V6)
cheers
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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Dave
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Re: Dave from Sydney's Journal
I couldn't agree with you more, Immy. I want my journal to reflect these setups and these setups alone. When there is confluence between time frames we are increasing the probability of winning trades. Looking forward to v6.0 to easily highlight this confluence! Unfortunately I didn't have a lot of chart time so didn't get any other setups, but hopefully a few towards the end of the week....
Bettina, well done! Rule no. 1 in trading: Never let a winner become a loser! BE trades will never ruin your account!
Bettina, well done! Rule no. 1 in trading: Never let a winner become a loser! BE trades will never ruin your account!
Now, I choose to make a profit in trading.
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Dave
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Re: Dave from Sydney's Journal
Thursday 5 July
Hi everyone, a small winner on a GU short. I keep telling myself to "want what the market wants" but it is a little disappointing when this setup was so promising and I walk away with a measly 0.09%.... It was an unusually large initial SL of 18 pips but trading with the H1 alli down trend, in a 5min W3, a fresh cross of ZL on M1 and breaking the 1, 5, 15 and 60min lows I was willing to make the exception. As always, never let a winner turn into a loser, and a quick retrace after showing about +7 made me close out when my platform showed <2 pips. I did have an add on set but it was wasn't triggered.
At the time of writing this the trade would have been closed on the opposite dot, or even on the trailing AIMS levels for a small loss, so a good exit in the end.
GU short for 1.6 pips (18 SL, 0.09%)
NEXT!
Hi everyone, a small winner on a GU short. I keep telling myself to "want what the market wants" but it is a little disappointing when this setup was so promising and I walk away with a measly 0.09%.... It was an unusually large initial SL of 18 pips but trading with the H1 alli down trend, in a 5min W3, a fresh cross of ZL on M1 and breaking the 1, 5, 15 and 60min lows I was willing to make the exception. As always, never let a winner turn into a loser, and a quick retrace after showing about +7 made me close out when my platform showed <2 pips. I did have an add on set but it was wasn't triggered.
At the time of writing this the trade would have been closed on the opposite dot, or even on the trailing AIMS levels for a small loss, so a good exit in the end.
GU short for 1.6 pips (18 SL, 0.09%)
NEXT!
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Grant
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Re: Dave from Sydney's Journal
Morning,
i have replied in Lukes journal to the same trade....
10 red candles down can only mean retrace is imminent, so exiting at BE or with a couple was a great exit....
as you said Want what the market wants
cheers
Grant
i have replied in Lukes journal to the same trade....
10 red candles down can only mean retrace is imminent, so exiting at BE or with a couple was a great exit....
as you said Want what the market wants
cheers
Grant
success = patience + discipline - greed
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Dave
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Re: Dave from Sydney's Journal
Thanks Grant
In writing my journal I've missed an obvious EU short... grrrrrr. Hope you got it!!!
Wait for the next one.....
In writing my journal I've missed an obvious EU short... grrrrrr. Hope you got it!!!
Wait for the next one.....
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Luke
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Re: Dave from Sydney's Journal
I looked at this trade i wasn't sure about the purple being wrapped in with it all so left it