ROLS Trading JOUNAL
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Rols
- AIMSter
- Posts: 123
- Joined: 05 Oct 2016, 09:00
- 9
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Rols
- AIMSter
- Posts: 123
- Joined: 05 Oct 2016, 09:00
- 9
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immy
- Founder
- Posts: 9654
- Joined: 22 Nov 2010, 16:46
- 14
Re: B3 > T 13 > GBPNZD BUY 5M - LOSS
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!
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immy
- Founder
- Posts: 9654
- Joined: 22 Nov 2010, 16:46
- 14
Re: Template for Recording T20 Batches
I went through all your trades and here is what I think.
1. A trader must chose a time frame of Entry and exit and stick to that time frame for that market.
2. if taking trades on multiple time frames then each time frame requires its own modified trade plan and its own T20 campaign.
3. If trading the M1 time frame , best not to trade anything else alongside that time frame as it would mess up everything.
4. In stage 1, first 5 T20's should be Setup 1/2 signals only.
But this is what worked for me and How I planned it out for people. if you think you will learn quicker or better taking all time frames and signal types, then its up to you. all IMHO.
ps: have you noticed that you've hijacked my topic which I kept for a Template for Posting? Never Mind I've split my bit of hte topic and created a new "Topic for your Journal named "Rols Trading Journal". Bookmark it.
1. A trader must chose a time frame of Entry and exit and stick to that time frame for that market.
2. if taking trades on multiple time frames then each time frame requires its own modified trade plan and its own T20 campaign.
3. If trading the M1 time frame , best not to trade anything else alongside that time frame as it would mess up everything.
4. In stage 1, first 5 T20's should be Setup 1/2 signals only.
But this is what worked for me and How I planned it out for people. if you think you will learn quicker or better taking all time frames and signal types, then its up to you. all IMHO.
ps: have you noticed that you've hijacked my topic which I kept for a Template for Posting? Never Mind I've split my bit of hte topic and created a new "Topic for your Journal named "Rols Trading Journal". Bookmark it.
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!
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Rols
- AIMSter
- Posts: 123
- Joined: 05 Oct 2016, 09:00
- 9
Re: ROLS Trading JOUNAL
Hi Immy
Sorry about the hijacking - not sure I knew what I did -never mind I'll bookmark it and try not to do it again.
I agree with you on the single time frame - I originally began with with 4hr and then 'diversified'.
I will stick to 1hr TF, but then sometimes I like to use the 5m for an entry, and then manage the trade with 1hr TF.
I do use the 1m TF for indices - G30 and A200, so I will keep these as a unique T20 batch. I do use the 5m for confluence of signals.
Once again, thank you for your critique.
Kind Regards
Roly
Sorry about the hijacking - not sure I knew what I did -never mind I'll bookmark it and try not to do it again.
I agree with you on the single time frame - I originally began with with 4hr and then 'diversified'.
I will stick to 1hr TF, but then sometimes I like to use the 5m for an entry, and then manage the trade with 1hr TF.
I do use the 1m TF for indices - G30 and A200, so I will keep these as a unique T20 batch. I do use the 5m for confluence of signals.
Once again, thank you for your critique.
Kind Regards
Roly
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Rols
- AIMSter
- Posts: 123
- Joined: 05 Oct 2016, 09:00
- 9
B4 T8: XAU 1HR SU1 SELL SEP 2 LOSS
ALL SETUPS FROM HEREON WILL BE POSTED ON 1 HOUR TF.
THIS SU1 I'M READING AS A WV4 FROM THE MOVE DOWN TO 1515.
