David's Journal

[snowman]

Two more trade for today.

Trade 3.
Good setup for 12 pips, again I have no real idea about what Wave I'm getting into.

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Trade 4.
Good Aims setup, but poor entry due to the price being around the days low and big round number. B/E. Was this the 5 wave I was getting into?

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[snowman]

Late start for me this afternoon as I have been caught out to many times when Trichet & Benanke do there speaches.
So 2 trades for me this afternoon. There would have been 3, but I feel asleep and missed the last one.

Trade 1. Set a 10 pip target which was reached.

Trade 2. Again aiming for 10 pips, messed up on this one and closed for 2 pips.

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[snowman]

Heres two trades to remind me not to take setups like these.

Trade 1. when I looked at the setup I could see that the overall trend was up on 15m, 30m, 1h, charts. Entered with reduced stake and got burned for -4 pips.

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Trade 2. This trade was also in the wrong direction for me but I took it anyway to add to my journal of the type of trade I used to take. Close to BRN, Trend wrong way for me. looking just to get the 4 pips I had lost back, while risking 12 pips. again got my fingers burnt. - 1pip.

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Then to top of my trading for today I lost connection with my broker for over an hour. Looks like that would have saved me a couple of pips.

[snowman]

Took no trades this afternoon because:

1. Wait for the red news to get out of the way.
2. Market was producing large ranges after the red news.
3. By the time the market had settle into smaller ranges it had already had a great retrace.

Outcome is, I've missed a couple of moves in the late session, but I'm quite happy with the result. Having the patience to wait for a setup I'm comfortable with makes all the difference to the way I trade.

[snowman]

Two trades today. net result plus 1 pip.

I'm starting to feel like I have adaped the aims system to my own style of trading now. My own style leaves me with less opportunities to take trades, but I feel more comfortable when I do.

Trade 1.

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Trade 2.

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Result for the week. 45.5 pips just under 4%

Monday 35 pips
Tuesday 12 pips
Wednesday -5 pips at reduced stake so minus 2.5
Thursday No trade
Friday 1 pip

[Grant]

Good trading David,

now rinse and repeat

Good weekend to you

Grant

[snowman]

Thanks for the comment Grant. If I can learn to have patience & discipline like you then I should do alright.

David

[snowman]

Well only one trade for me today for 14 pips, I know not very impressive, considering all the pips available this morning. Some times when you change the criteria on setups it works for the best an other times it lets you down. The important thing for me is, I was very comfortable about taking the trade.

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[snowman]

Some nice easy trading this morning. 23 pips

Trade 1. Taken on the break of the 5 min & 15 Min aims level leaving the range to the upside. Reversed for 1 pip profit.

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Trade 2. Taken on the break of the 15 min aims level to the downside. Failed to hold the trade as I was not confident that it would not return to the range. so plus 2 pips.

Trade 3. Longer time frames confirming short trades & a setup. 15 pips

Trade 4. Longer time frames confirming short trades & a setup. -2 pips

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Trade 5. Longer time frames confirming short trades & a setup. Took a quick 7 pips when it appear to bounce of previous low on 1 min chart.

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[snowman]

3 Trades for Wednesday.

Trade 1. -6 pips

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Trade 2. 32 pips

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Trade 3. 5 pips

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