Topher's Journal

[Topher]

Hey Richard. Tabbing this from my tablet. Nice trading. You seem to have upped your trading lately. not that anything was of any lesser magnitude previously. I love your S/R interaction and black dot trades. Keep it up. An inspiration for many. as well as me as always.

Herbert

Herbert

Thanks for your kind words.

I like yourself have been very busy of late. As a result my forum activity had diminished, however, as my work load lightens I am making more of an effort to be active in the chat room and also keeping my journal up to date.

Richard

[Topher]

I took 3 trades today for +2.83%.

I had 2 winners and a breakeven. The first winner was in a nice downtrend so I trailed the aims levels. The second one I wasn't expecting that big a move so I trailed by the last candle once my initial tp level had been hit.

Althought it was a good day I missed a couple of very good setups and I am annoyed at myself for doing so. Later this evening I am going to go over the days data via strategy tester to see where I went wrong.

Richard

[Grant]

Nice trading Richard,

A quick question (2 actually) if i may....

Did you trail your first trade on the m5 or m1 AIMS levels??? If on m1 what buffer (if at all) do you use above and below the level please...

many thanks

Grant

[Topher]

Grant

In my first trade I had two po's set. When the 1st hit it's tp at 1:1 I was in a free trade. I was happy that we were in a descent down trend and let the trade breathe and basically do what it wanted. After a short retrace it started down again and it was at that point that I trailed the M1 aims levels until my sl was hit. The distance I trail the aims levels by is usually 1pip + spread for shorts and 1 pip for long.

Richard

[nickderby]

Hi Richard,
Nice first trade so congrats.
Can you give me your criteria and additional thinking for this one as as I see the following trends :

M1 - Up to sideways
M5 - Up to sideways
M15 - Up to sideways
H1 - Up
H4 - Up
D1 - Up
W1 - Up

So certainly not a " screamer ".
Previously you've said that it's imperative M1 is traded in line with HHTF's so I'm assuming there were some other considerations with this trade, especially given you held the 2nd half of it for so long even after a considerable retrace 45 minutes into the trade.

Many thanks

Nick

[Topher]

Nick

Having all the timeframes lined up is great and if seen is time to jump in with both feet. Unfortunately this is not common enough, therefore, we either have to sit and wait or look for alternatives.

I make significant use of pa particulary on htf and this analysis was showing that euro was at an indecision area. I had M1, m5 short term trend down with M15 starting to turn down. This was enough for me.



Richard

[nickderby]

Lovely, thanks for your clarity Richard.

[Topher]

Nice +1% this morning after LO.

I moved my sl just above the newly formed aims level which locked in 1%. Unfortunately that's as far as it went.

Richard

[immy]

Richard!

That was a nice breakout! I took it too. You timed a good exit... well done my friend! (wd)

[Topher]

Pushed my luck trying to go for a wave 5. The immediate levels to the left concerned me but I decided it was a risk worth going for.

Anyway my first loss of the month for -0.6%


Richard