Dave from Sydney's Journal [Awarded Title: the Box-Trader]

[Dave]

Tue 26/6/12

No trades. Watched the charts for a while but was a little distracted so no entries.

Cya

[Dave]

Wed 27/6/12

No trading due to work, I suspect tomorrow will be the same story.

Hope you all had a good day!

Dave

[humpha]

David,
Great to see another Aussie in the AIMS stable - welcome and many pips to you.

Tony

[Dave]

Thursday 28/6/12

Two quick trades to start the day that I was forced to close immediately when the work phone rang :-c Fortunately they were in profit at the time so no damage done! Unfortunately, both trades went on to give a bucket load of pips - at the time of writing this both have given their exit dots - EJ & EU both 70+ (and I’m not even talking about the add-on fractals!!!)

I can’t honestly say that I would have held these trades for the full harvest though, especially as I was anticipating a W5 trade. I was determined to hold until the eWaves showed a change of colour and a loss of momentum, so would have only grabbed a few more on each *sigh* (Edit: I've since read some of Immy's posts about expectations, grounded and ungrounded assessments and being in the now - by doing this and just waiting for the dots these delicious trades were possible - want what the market wants ) ) )

Anyway, two small winners:

EJ short for 4 pips (10.8 SL, 0.37%)

Screen Shot 2012-06-28 at 5.47.52 PM.jpg

EU short for 3.7 pips (12.8 SL, 0.29%)

Screen Shot 2012-06-28 at 5.47.31 PM.jpg

So a total of 0.66%

Things to take away from these trades:
1. Trust the setup and be confident to hold onto the trade, especially when the whole market is moving in sync;
2. Don’t answer the work phone! )

The whole market really bombed at this time and there were a few setups so hoping everyone got on for a ride!

-----------------------------------------------------

Thought this was a good setup but stop loss was hit when the 5 Min High was broken, -12.6, -1%

eWave showed the possible W3 and W5 of W4 and was now approaching for the cross of ZL downward, but in hindsight it probably wasn’t a sufficient correction given the down move, and the “W5” hadn’t actually made a higher high than the eWave labelled W3…. and there was an opportunity for a smaller rent with an earlier close. NEXT

GU short for -12.6 (SL 12.6, -1%)

Screen Shot 2012-06-28 at 7.05.20 PM.jpg

-----------------------------------------------------

This was a much better setup and the W3 and W5 of the W4 were now completed and shown on the eWaves. Included an add on after the formation of the first fractal but the >5 consecutive red candles meant that I was out when the high of the latest was beaten.

GU short for 7.3 pips and 0.9 pips for a total of 8.2 pips (13.3 SL, 0.62%)

Screen Shot 2012-06-28 at 7.33.28 PM.jpg

That’s it for today:

EJ short for 4 pips (10.8 SL, 0.37%)
EU short for 3.7 pips (12.8 SL, 0.29%)
GU short for -12.6 (SL 12.6, -1%)
GU short for 7.3 pips and 0.9 pips for a total of 8.2 pips (13.3 SL, 0.62%)

Total: 3.3 pips, 0.28%

I won’t be trading tomorrow so here’s my weekly summary, first for the journal (I’ll exclude my first day’s journal entries from last Friday as I wasn’t recording SL and % - it was +1.1 pips from 2 losers and 1 winner)

Weekly summary:
6 trades, 4 winners and 2 losers for 24.9 pips, 2.56%

Goal for next week: Wait for the A+++ setups, only exit on grounded assessments!!! Cya then. Have a good weekend!

Dave

[Spyros]

I admire you for monitoring so many pairs.

I am only watching EU at the moment until I feel comfortably with my understanding of the setup.

Have a nice weekend.

[Bettina]

Hi David,

I like your journal entries. Great that you started it and nice trading !
Have a good weekend !
Bettina

[immy]

Hey David!

I wish you continue updating your journal like this. You will learn so much. I used to be part of another forum and I recorded all my trades and thoughts. I still have those pages and I some time browse through them and find it fascinating how my thoughts kept changing over time.

Carry On! good luck! Remember: patience + discipline = consistency and want what the market wants and stay in the now!

[Nitin]

Hey David!

I wish you continue updating your journal like this. You will learn so much. I used to be part of another forum and I recorded all my trades and thoughts. I still have those pages and I some time browse through them and find it fascinating how my thoughts kept changing over time.

Carry On! good luck! Remember: patience + discipline = consistency and want what the market wants and stay in the now!

Immy if I m not wrong that another forum was ******** forum?
Edit: by the powers invested in me by the most powerful, I have edited your post!

[immy]

Hey David!

I wish you continue updating your journal like this. You will learn so much. I used to be part of another forum and I recorded all my trades and thoughts. I still have those pages and I some time browse through them and find it fascinating how my thoughts kept changing over time.

Carry On! good luck! Remember: patience + discipline = consistency and want what the market wants and stay in the now!

Immy if I m not wrong that another forum was Black Dog forum?

Yes, I call it the forbidden animal forum! (rofl)

[Dave]

Thankyou everyone for your kind comments and encouragement!