Seabreeze Journal

[Seabreeze]

Thanks guys for the encouraging words and advice. I love it when you pop into my journal.

Two of many things I have learnt since I've joined Aims is that I didn't just join a website I found a new family that is willing to share with others their wisdom for which I am very grateful. (hug) I also realise how much I've underestimated the power of keeping a journal and have enjoyed this part of my trading. :-B

[Seabreeze]

Evening everyone

Was able to spend a little time at my trading desk today. In th time I was there I entered two trades as shown below.

Trade 1

TRADE 1.png

This trade had everything going for it and did actually reach 1% profit at one point but then retraced, I though that maybe after a small retrace price would continue up but sadly it didn't and I exited the trade for a small loss of 0.4 % in the gators


Trade 2
Similar thing with this trade Started off pretty well and again reached 1% profit at one point but just didn't have the momentum to push a little bit further. I decided to close trade at gator and take a few pips from the trade as I didn't like the look of the candles setting up on M5 chart.

TRADE TWO.png

Looking over the last couple of trades maybe I should just go for the 1% targets.

[Seabreeze]

Hi Guys

I have noticed that a lot of you trade the DAX Would you say that the Dax is a better option than EU and would you recommend me to trade it instead of EU. I don't have DAX on the platform I trade but would be willing to change if its recommended.
Thanks guys

[immy]

Hi Guys

I have noticed that a lot of you trade the DAX Would you say that the Dax is a better option than EU and would you recommend me to trade it instead of EU. I don't have DAX on the platform I trade but would be willing to change if its recommended.
Thanks guys

hello!

Yes, we trade DAX because
1. its got 3 times more volatility on M1
2. its spread is fixed and lower than any currency (1 point for us)
3. its patterns are much more solid. No banking discrepancy and spikes.

But if you don't get Dax from your broker you can continue to trade EUR/USD on M5. Why m5? becasue we want the Spread to be a smaller proportion of our average winners/losers. Infact currencies show similar level of volatility and ATR values on M15. So if you trade DAX m1 with 10 pip max for Seeds and cherries (suppose) and you use the same parameters on m15 EUR/USD GBP/USD and USD/JPY you'll be able to catch similar type of trades 2;1 winners with 60% success rate, following our Grants Flow chart and filter rules together with sepcific 2:1 Money management.

I cannot recommend as I'm not qualified but if I were you i'd trade 3 Currencies on m15. out of 3 I will chose 1 to trade based on its movement YD and todays volatility. NEVER make the mistake of playing catchup (oh, EUR/USD is moving looks like GU will soon catch up let me take this signal. nah nah... this one is NOT moving. trade the one that is moving) logic fails

hope it makes sense.

[Seabreeze]

Thanks Immy I very much appreciate you taking the time to share this information.

[Seabreeze]

Evening everyone.

I wasn't able to trade today due to work demands, but while I was away from the charts I had a little chat with myself. No I'm not going crazy 8-} but just felt I needed to get back in control of making good trading decisions.
I feel the transformation from Daily charts to 1m may be too much of a transformation for now anyway, so I have decided to move time frames and trade the M5 and M15 charts and see how I go.

I have a solid plan ready to go which includes only taking prime trades, trade management, money management.

I will still be a part time trader as work get in the way at the moment, but will take trades when ever I can and keep my journal up to date.

I am still reading Journals from fellow Aimsters and learning lots from them. :-B So bring on mother forex I'm ready for you he he.


.

[Seabreeze]

Morning Guys

I have a quick question for you and I am sorry If I've missed this :ymblushing: but I was wondering if when we see a buy alert and the Aims box level increases higher before pending order is hit, do we cancel pending order and wait for another alert ? or do we move pending order 2 pips above new Aims level ? This one just missed trigger on first Aims level See pic below.

Many Thanks In Advance
John

AUDUSDM5111.png

[Seabreeze]

Hi guys

Here is a few trades for today. It was a funny day for me were I could only grab half a hour here and half a hour there for trading

Trade 1

Got into this trade and started off ok, I was looking for around 20 PIPS on this trade to give me 1%. There was around 40 pips to bottom of the M15 Aims. Price reached 17 pips before the reversal candle formed so I moved stop to break even plus a pip and was shortly stopped out. It proved a good move as later my original stop was later hit.

EURJPYM5trade1.png

Trade 2

Again trade started off ok, but price reversed off Aims levels so I cut the trade for a 1% profit. I know the sharp eyed will notice that the signal candle was a tad Past the Aims level but I took it because it was only a fraction.

EURJPYM5trade 2.png

Trade 3

Got into this one and price didn't like the Aims levels and produced a potential reversal pattern so I set stop at break even and was shortly stopped out.

So overall nothing to shout home about but I was happy about the way I managed the trades for a tad over 1% for an hour or so of trading.

USDJPYM5TRADE3.png

[immy]

[Seabreeze]

Thanks Immy

Thanks for your time and patience I will study over weekend. I have also just started to read Sam's Journal with great interest which seems to have a similar approach .

Have a great weekend.