1. Batch 01 Trade 06
2. 2021-02-18
3. AUDUSD
4. Setup 1 buy
5. Setup orders as per rules
6. Trade was stopped out, small loss
7. Win/Loss: Loss - 0/6 (0%)
8. DS: 0 - 4/6 (66%)
foztrading's trade journal
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foztrading
- Posts: 10
- Joined: 11 Jan 2021, 08:35
- 4
Re: foztrading's trade journal
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Last edited by foztrading on 21 Feb 2021, 11:51, edited 3 times in total.
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immy
- Founder
- Posts: 9654
- Joined: 22 Nov 2010, 16:46
- 14
Re: foztrading's trade journal
2 thingsfoztrading wrote: 18 Feb 2021, 09:23 1. Batch 01 Trade 05
2. 2021-02-18
3. USDCAD
4. Setup 1 buy
5. Setup orders as per rules
6. Trade was stopped out
7. Win/Loss: Loss - 0/5 (0%)
8. DS: 1 - 5/5 (100%)
1. We can't see your entry and exit on the chart. you can drag and drop trades from history in the terminal.
2. H4 was NOT in tune for this and hence it is NOT A setup 1. Hence possibly you might want to consider marking this as DS0.
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!
-
immy
- Founder
- Posts: 9654
- Joined: 22 Nov 2010, 16:46
- 14
Trade In line with the Dominant Trend
1. Make sure the Gator on H4 is Open in the direction of your trades.
2. Generally its not a good idea if the higher time frame is in a predominately bearish trend.
3. Check the D1 chart and you will find that USDCAD is in a strong Down Trend.
2. Generally its not a good idea if the higher time frame is in a predominately bearish trend.
3. Check the D1 chart and you will find that USDCAD is in a strong Down Trend.
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!
-
immy
- Founder
- Posts: 9654
- Joined: 22 Nov 2010, 16:46
- 14
Re: foztrading's trade journal
This is not a Setup 1 on H1... But actually a Setup 1 on H4. Explained on chart below ... Score here should be DS0foztrading wrote: 18 Feb 2021, 16:28 1. Batch 01 Trade 06
2. 2021-02-18
3. AUDUSD
4. Setup 1 buy
5. Setup orders as per rules
6. Trade was stopped out, small loss
7. Win/Loss: Loss - 0/6 (0%)
8. DS: 1 - 6/6 (100%)
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!
-
immy
- Founder
- Posts: 9654
- Joined: 22 Nov 2010, 16:46
- 14
Re: foztrading's trade journal
Based on the FlowChart rules, you have ignored the "is levels to the left too close" ... best entry order should have been where you've makred the box with green rectangle.foztrading wrote: 11 Feb 2021, 17:02 1. Batch 01 Trade 02
2. 2021-02-10
3. USDCHF
4. Setup 1 sell
5. Setup orders as per rules
6. Trade was stopped out, no worries I followed the rules
7. Win/Loss: Loss - 0/2 (0%)
8. DS: 1 - 2/2 (100%)
Also ,there was no fresh cross of ZL on the AO
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!
-
immy
- Founder
- Posts: 9654
- Joined: 22 Nov 2010, 16:46
- 14
Re: foztrading's trade journal
This is the main violation of the FlowChart rules. The BOX is too big.foztrading wrote: 12 Feb 2021, 15:15 1. Batch 01 Trade 04
2. 2021-02-12
3. EURJPY
4. Setup 1 buy
5. Setup orders as per rules
6. Trade was stopped out, only a small loss this imte
7. Win/Loss: Loss - 0/4 (0%)
8. DS: 1 - 4/4 (100%)
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!
-
foztrading
- Posts: 10
- Joined: 11 Jan 2021, 08:35
- 4
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foztrading
- Posts: 10
- Joined: 11 Jan 2021, 08:35
- 4
Re: foztrading's trade journal
Hi immy,
Once again thanks for taking the time out of your trading schedule to review my trades, having this accountability I’m sure is going to push me on to be consistently profitable.
Reviewing your comments above I’m going to add the following steps to my S1 checklist
Confirm H4 gator is open in the direction of the signal
Confirm signal does not oppose higher timeframe trends
And I’ll update my AO step to include a ‘fresh cross’ check.
cheers!
Once again thanks for taking the time out of your trading schedule to review my trades, having this accountability I’m sure is going to push me on to be consistently profitable.
Reviewing your comments above I’m going to add the following steps to my S1 checklist
Confirm H4 gator is open in the direction of the signal
Confirm signal does not oppose higher timeframe trends
And I’ll update my AO step to include a ‘fresh cross’ check.
cheers!