Grants Journal [Awarded Title: Guru of the Gurus]

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immy
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Joined: 22 Nov 2010, 16:46
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Re: Grants Journal

Unread post by immy »

grant18265 wrote:Hi everyone,

Was on call again today but managed 3 trades and missed some good set ups as well.

Trades today were:

1. +15
2. -5
3. +6

Total +16(+1.23%)

Trade summary and pics below

Cheers
Grant
17% for the month is a phenomenal result mate... how the hell did you manage that by trading only part time... Well I know now.... 7% for me in 2 days... Using your strict rules. (wd) (hug)
What is the Secret of Successful Trading?
The Consistent Pursuit of DS1 :nerd

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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Grant
Posts: 943
Joined: 14 Aug 2011, 14:52
14

Re: Grants Journal

Unread post by Grant »

immy wrote:
grant18265 wrote:Hi everyone,

Was on call again today but managed 3 trades and missed some good set ups as well.

Trades today were:

1. +15
2. -5
3. +6

Total +16(+1.23%)

Trade summary and pics below

Cheers
Grant
17% for the month is a phenomenal result mate... how the hell did you manage that by trading only part time... Well I know now.... 7% for me in 2 days... Using your strict rules. (wd) (hug)


nice 2 days trading mate....

will be interesting to see the results of my rules being traded full time for a pro longed period..

may even push me down the full time trader road a bit quicker... lol

Grant

noce trading Imran
success = patience + discipline - greed
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Grant
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Joined: 14 Aug 2011, 14:52
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Re: Grants Journal

Unread post by Grant »

Hi everyone,

So starts another week, with my little boyt off school ill and me playing nurse… sigh

Still got 3 trades today though. These were

1. +14
2. -7
3. +6

Total 13 (1%)

Trade records and pics below

Cheers
Grant
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success = patience + discipline - greed
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PaulF
Posts: 276
Joined: 18 Nov 2011, 09:15
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Re: Grants Journal

Unread post by PaulF »

Thanks for posting Grant, please keep going.
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John Wimberley
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Posts: 92
Joined: 11 Aug 2011, 15:04
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Re: Grants Journal

Unread post by John Wimberley »

Discipline and patience = consistent profits. You are showing us the way, Grant!!!
Trade what you see, not what you think

John Wimberley
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PaulF
Posts: 276
Joined: 18 Nov 2011, 09:15
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Re: Grants Journal

Unread post by PaulF »

Hey Grant

Your flow chart only mentions the M5 chart to check the distance to the M5 AIMS level. Don't you use M5 to determine the trend, or is the purple line on M1 enough for you?

Also, your trade management rules specify an emergency stop loss of 13 pips. Does that mean that you're not scared to place orders when the AIMS box size is over 15 pips on M1?

BobbyF
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Grant
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Joined: 14 Aug 2011, 14:52
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Re: Grants Journal

Unread post by Grant »

Hi Bobby,

purple on m1 is enough for trend, but i dont like trading into obvious m5 levels so will place the PO accordingly.

as for the trade management. i wont take a trade if AISM is over 15 pips because having watched EU exclusively for the last 18 months it likes moving in 20 pip blocks, so if price has travelled 15 pips to trigger my entry then there is a chance that it will have a natural retrace after 20 pips, which could tag my SL. i like to have the room to get my +5 SL move in before a potential 20 pip block is hit.

hope this helps

Grant
success = patience + discipline - greed
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Grant
Posts: 943
Joined: 14 Aug 2011, 14:52
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Re: Grants Journal

Unread post by Grant »

Hi Bobby,

purple on m1 is enough for trend, but i dont like trading into obvious m5 levels so will place the PO accordingly.

as for the trade management. i wont take a trade if AISM is over 15 pips because having watched EU exclusively for the last 18 months it likes moving in 20 pip blocks, so if price has travelled over 15 pips to trigger my entry then there is a chance that it will have a natural retrace after 20 pips, which could tag my SL. i like to have the room to get my +5 SL move in before a potential 20 pip block is hit.

hope this helps

Grant
success = patience + discipline - greed
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Grant
Posts: 943
Joined: 14 Aug 2011, 14:52
14

Re: Grants Journal

Unread post by Grant »

Hi everyone,

On call today but wasn’t busy so had some chart time today not that it did me any good….sigh

Got lucky on trade 3 as I clicked on close instead of modify so if I hadn’t that would have been a -4 as well… phew.. lol

Trades today were.

1. -4
2. -7
3. +6.8
4. 0
5. -7

Total 11.2 (-0.86%)

Trade records and pics below

Cheers

Grant
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success = patience + discipline - greed
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immy
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Joined: 22 Nov 2010, 16:46
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Re: Grants Journal

Unread post by immy »

What a great result for a difficult day like this! well done Grant. keep the losers small and winners big!
What is the Secret of Successful Trading?
The Consistent Pursuit of DS1 :nerd

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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