Start a Trading Journal - Start Posting Your T20 Trades Here.
Tips for First Post: Start with personal introduction, share your story, your future plans.
Use Template Prodvided for Recording Trades.
immy wrote:As you go along these setups, pay attention to how price moves away from the green line some times, creating that angle, most often you'll find the Fruit bar at the top/bottom of those "runaway" markets that leave green line behind. You'd not want to give your profits back at those spots. So, for now you don't need to exit at those levels but learn as you trade and keep observing it. This will, eventually lead to your understanding of The Fruit. Its why, important to understand to trade The Setup breakouts. When you learn to trade A trend breakout, you begin to understand where the trend ends, often at those spots, starts a new trend, in the opposite direciton.. THE FRUIT.... hmmmm fruit for thoughts
29 July 2016 at 1:00 GMT a long signal was given on NZD/USD.
Price was filled at 3:00 GMT.
Purchased 2X contracts. 1:1; 1:X
I entered the signal because it ticked all boxes. It also had a nice tight box, so SL was not to big 35 pips.
I am kind of trained not to feel anything when it comes to making a trading decisions, I don't believe my opinion matters at all and I just try to translate what the market is showing me.
At that point in time it ticked all boxed. HTF had a nice open gator. I did not question it but put a PO in.
This was an easy one because it fitted everything Immy is teaching is to look for, so I didn't have to guess or let my emotions make the decision, it was rather very technical.
Reasons for trade other than signal
1. My Subconscious and the chart matched perfectly to what I was seeing at the time.
2.Felt therefore confident in taking a signal.
3. I followed my plan which is always positive independently of outcome of trade.
Feelings about the trade Confident. I am grateful at it is a FT.
Outcome Profit/loss RR:
So far it is a free trade.
a total of 35+156 pips= 191 pips= 2.7R
What i learned from this trade: Pull the trigger when its valid based on TP.
My Overall DS:
D3/6
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Last edited by Jasmien on 02 Aug 2016, 16:27, edited 2 times in total.
28 July 2016 at 22:00 GMT a long signal was given on GBP/USD.
Price was filled ON 29 JULY 2016 at 4:00 GMT.
Purchased 2X contracts. 1:1; 1:X each contract was about 50 pips
I entered the signal however I was not confident about it. I did not like the look of the gator on H1 however the gator on H4 was nicely open. It was in wave 4 and when order was filled I could see a new wave "5" eventually occurring which it did.
Again I am trying to be technical as this has always worked for me in past when it comes to executing trades. Being emotionally attached to the outcome will only paralyse me.
Reasons for trade other than signal
1.I was seeing a new wave occurring at the time.
2. Made a technical decision.
3. I followed my T-Plan.
Feelings about the trade :
Felt Ok. I am grateful that it turned into a free trade.
Outcome Profit/loss RR:
So far it is a free trade, 1:1 was hit nicely.
Second contract was closed at about 150 pips profit.
Total is 200 pips profit= 2 R profit.
What i learned from this trade:
follow your system, keep learning, long way to go! My Overall DS:
D4/6
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Got stopped out just a few hours later at 1R loss.
Did not have time to take chart while entry on it but here it is in hindsight.
DS6/6
3 Aug 2016 at 21:00 GMT a short signal was given on U/J.
Price was filled on 4 Aug 2016 at 4:00 GMT
Purchased 2X contracts. 1:1; 1:X
Got stopped out very soon afterwards; at a 1R loss.
Didn't even have time to take a chart with entry on it. But here it is in hindsight.
I entered and did not realise that it was an INVALID ENTRY. I did not take notice of the BLACK DOT.
HTF had a nice open gator. I did not question it but put a PO in without realising it was not valid at all, I saw a potential new wave coming and got blindsided.
Reasons for trade other than signal
1. I thought I followed my plan which is always positive independently of outcome of trade, however I did not take notice of black dot.
2.X
3.X
Feelings about the trade
Outcome Profit/loss RR:
Minus 1R
What i learned from this trade: Maybe make sure to check if it is a valid signal and have TP checklist in front of you with steps to check for.
DS -1 for this trade.
My Overall DS:
DS5/6
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Moreover, do you not have ANY FEELING about your trades? e.g. oh shit this looks like its gonna be a loser but i'm taking it anyway, or wow its such a good setup i think its gonna be a great trade, oh i'm excited. or what i feel everytime, "don't trade it, its gonna be a loser man why you doing this" haha
no????
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.
with time, you'll learn that the most important bit of this journal template is "Your Feelings about the trade" and "What you learned from this trade" and another one, Reasons for taking the Setup otehr than signal
1. The gator on h4 is open and its in a wave 3.
2. The pair is in a strong daily up/down trend and its pulled back to gator.
blah de blah blah
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.
)
