Grants Journal [Awarded Title: Guru of the Gurus]

[petera]

Hi Grant

I noticed that you use fewer ma's than the actual system. Curious what changes tyou have made. Why did you remove it. Thanks for your help.

Peter

[Grant]

Hi Grant

I noticed that you use fewer ma's than the actual system. Curious what changes tyou have made. Why did you remove it. Thanks for your help.

Peter

Hi Peter,

Compared to the system as Imran supplies i have removed the blue MA and added a 200 EMA (close)..

Why have i done that?

Well i never used the blue line for anything so why have something i dont use on my chart.... Yes i guess you could say that it helps with seeing the alligator asleep, but i find the green and red sufficient for that.

The 200 EMA (yellow line) is there as i have always used it as dynamic supprt/resistance. I never use it as a sole reason, but if its in confluence with 1 or more other areas of interest (ie h1 or h4 AIMS levels) then i will watch the price action closely for getting out of trades (hopefully with + pips)... This MA is not used in the entry decision only for exits once in a trade...

I think Imran has posted my template in the relevent section so you can have what i see.

Hope this helps

cheers

grant

[Jerzy]

Hi Grant,
I do not fully understand "+5 SL move completed". Can you explain it a bit more and perhaps show some examples, please?
Jerzy

[Grant]

Hi Grant,
I do not fully understand "+5 SL move completed". Can you explain it a bit more and perhaps show some examples, please?
Jerzy

Hi Jerzy,

When a trade goes 5 pips into profit i move my SL up to -4, that is what i mean by +5 SL move completed...

SO whenever you see a trade that is -4 then this is an example of that move.... Trade 1 on the 19th Sept, trade 5 on the 15th Sept and Trade 5 on the 22nd Sept are trades where it has gone at least + 5 pips allowing the SL move to -4 before reversing....

Obviously any trade that ends in + pips has also had the +5 move completed as well..

hope this helps..

grant

[Jerzy]

Clear now,
thx Grant

[tayct]

Thanks Grant!

[Grant]

Hi everyone,

Had some time to trade today around running some errands… All in all a frustrating day for me as the set ups I like just never quite set up when i was in front of the pc, so only 4 trades despite 3 good 100 pip moves…

1. +14
2. +10
3. -8
4. 0

Total +16 (1.23%)

Trade records and pics below.

Cheers
Grant

[Grant]

Hi everyone,

Was on call today so have had very little time to trade and not surprisingly this is my first rent paying day since this journal started…

The rents were:

1. -4
2. -3
3. 0

Total -7 (-0.53%)

Trade 1 was one of those trades that was very borderline on the initial exit.. it was 20 but was at the LO so I went with it, was fortunate not to pay more rent there.

Anyway onwards and upwards…

Trade records and pics below.

Cheers
Grant

[Grant]

Hi everyone,

Apologies for the late posting of yesterdays trade but was on call again and have only just found time to post …. Again had very little time to trade but did catch the early London session..

yesterdays trades were:

1. +13
2. +10

Total +23 (1.76%)

Trade records and pics below

Cheers
Grant

[Grant]

Hi everyone,

Again apologies for the late posting of yesterdays trades, what a very frustrating day to trade… Was actually off and looking forward to some nice trades, instead sat through a 4 hr 54 pip range from NYO…. Despite that the set up kept me out and my equity remained in tact, so walked away proud that I stayed disciplined…

Yesterdays trades were:

1. -4
2. +2
3. +8
4. +10

Total +16 (1.23%)

Trade records and pics below.

Cheers
Grant