Afternoon
Have finished this week and months trading on a high.. Chart attached
My kids break up for 2 weeks today so will only be able to trade the occasional session in this time. Will post trades as and when.
Happy Easter to you all
Grant
Grants Journal [Awarded Title: Guru of the Gurus]
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Grant
- Posts: 943
- Joined: 14 Aug 2011, 14:52
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Re: Grants Journal
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success = patience + discipline - greed
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Grant
- Posts: 943
- Joined: 14 Aug 2011, 14:52
- 14
Re: Grants Journal
Afternoon again....
If you read the chat i posted a few posts ago you will have read about average wins and losses... So this is mainly for fts....
Attached are my results for March... As i said in the chat text i like hitting base hits and not swinging for the fence on every trade.... It works wonders for my mentality seeing my equity steadily rising from consistent gains.....
Again Happy Easter!!!
Grant
If you read the chat i posted a few posts ago you will have read about average wins and losses... So this is mainly for fts....
Attached are my results for March... As i said in the chat text i like hitting base hits and not swinging for the fence on every trade.... It works wonders for my mentality seeing my equity steadily rising from consistent gains.....
Again Happy Easter!!!
Grant
You do not have the required permissions to view the files attached to this post.
success = patience + discipline - greed
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Darren
- Posts: 891
- Joined: 20 Nov 2012, 13:54
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Re: Grants Journal
Those are fantastic stats Grant. I am on the road to being that consistent but not there yet as I am bit more aggressive with my trades.
Thanks for your input in the chat room, I feel it helps everyone not just me! :-bd
Happy Easter.
Thanks for your input in the chat room, I feel it helps everyone not just me! :-bd
Happy Easter.
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Grant
- Posts: 943
- Joined: 14 Aug 2011, 14:52
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Re: Grants Journal
You're welcome Dave and aggressive is good as long as you apply the same method each and every time...
happy Easter to you
Grant
happy Easter to you
Grant
success = patience + discipline - greed
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Darren
- Posts: 891
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Re: Grants Journal
Cheers Grant (my name is Darren btw!)Grant wrote:You're welcome Dave and aggressive is good as long as you apply the same method each and every time...
happy Easter to you
Grant
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Grant
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Re: Grants Journal
oops, apologies darren.....
always thought dmfx was the Dave that uses the chat room...
apologies again..
Grant
always thought dmfx was the Dave that uses the chat room...
apologies again..
Grant
success = patience + discipline - greed
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Darren
- Posts: 891
- Joined: 20 Nov 2012, 13:54
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Re: Grants Journal
No problem
Maybe I should change my forum ID to Darren to avoid confusion? Hmmm......Immy is that possible?
Maybe I should change my forum ID to Darren to avoid confusion? Hmmm......Immy is that possible?
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Dave
- AIMSter
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Re: Grants Journal
That would be me, Grant. Great results again, congratulations on you consistency.
Dave
Dave
Now, I choose to make a profit in trading.
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immy
- Founder
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Re: Grants Journal
Grant and others
I'd like to say, what a wonderful conversation you guys had yesterday. I recommend everyone to take a look at their charts, spot that setup and then read the conversation from top to bottom. Some very important stuff that may have enough power to steer your boat towards the path of least resistance (success).
I'd also like to congratulate you Grant, once again (seems to be an endless barrage of appreciation but I like it), for you Iron Clad Discipline. Trading really is a Pattern Recognition Numbers Game and Success in trading is Consistency. You have proven that my friend. Good on ya!
I'd also like to add, Darren said, " Darren: I agree fts - I read Grants journal and found it very inspirational. I try to trade similarly but probably not quite so rigid, but use small stops as much as possible."
That last part, if not properly understand can lead to problems. While in good faith I'm sure you understand but I thought I'll try to clarify something here. There is a different between "using small stops" and "finding opportunities that REQUIRE small stops". Let this be clear. Otherwise you can hop in randomly and say, well I only use small stop loss anyway... no thats not how its done. Grant trades setups that require small stop losses, meaning market generated SL requirement is low and it would only take a few pips to find out if we were wrong. For a newbie, or many traders hold this perception that if its too small stop loss then there are more chances of it getting hit so I'd rather use a slightly bigger one. Believe me this works the other way round. If the market pattern requires a small stop loss, say e.g. 5pip for EU m1 chart. We know, "KNOW" from experience, that EU when it moves nicely on average does ~20 waves. now there you have a potential 20:1 reward risk. This is trading. This is Risk and money management at its best. Grants produces a 3:1 average for all his trades during this month. That is a CLASS 1 performance.
cheers Happy Easter.... where are the eggs and the Australian Bunny?
in the picture below you'd see similar example. Chart to the right is M5. We Don't trade against the purple of M1. We DO trade against the purple of M5. If you understood this, you'd know that we have got potential reversal entries already covered in our strategy. So we go against and in favor of M5 trend and that is what I mean by Trading according to M5. But we do it by following our SETUPS on m1. So There is time to be with the trend on higher time frames and there is a time to be with it in the form of following it when its reversing. So to be in tune with the market means to dance with it up down and sideways. And this flow chart will keep you on the right side of the FLOW most of the time.
I'd like to say, what a wonderful conversation you guys had yesterday. I recommend everyone to take a look at their charts, spot that setup and then read the conversation from top to bottom. Some very important stuff that may have enough power to steer your boat towards the path of least resistance (success).
I'd also like to congratulate you Grant, once again (seems to be an endless barrage of appreciation but I like it), for you Iron Clad Discipline. Trading really is a Pattern Recognition Numbers Game and Success in trading is Consistency. You have proven that my friend. Good on ya!
I'd also like to add, Darren said, " Darren: I agree fts - I read Grants journal and found it very inspirational. I try to trade similarly but probably not quite so rigid, but use small stops as much as possible."
That last part, if not properly understand can lead to problems. While in good faith I'm sure you understand but I thought I'll try to clarify something here. There is a different between "using small stops" and "finding opportunities that REQUIRE small stops". Let this be clear. Otherwise you can hop in randomly and say, well I only use small stop loss anyway... no thats not how its done. Grant trades setups that require small stop losses, meaning market generated SL requirement is low and it would only take a few pips to find out if we were wrong. For a newbie, or many traders hold this perception that if its too small stop loss then there are more chances of it getting hit so I'd rather use a slightly bigger one. Believe me this works the other way round. If the market pattern requires a small stop loss, say e.g. 5pip for EU m1 chart. We know, "KNOW" from experience, that EU when it moves nicely on average does ~20 waves. now there you have a potential 20:1 reward risk. This is trading. This is Risk and money management at its best. Grants produces a 3:1 average for all his trades during this month. That is a CLASS 1 performance.
cheers Happy Easter.... where are the eggs and the Australian Bunny?
in the picture below you'd see similar example. Chart to the right is M5. We Don't trade against the purple of M1. We DO trade against the purple of M5. If you understood this, you'd know that we have got potential reversal entries already covered in our strategy. So we go against and in favor of M5 trend and that is what I mean by Trading according to M5. But we do it by following our SETUPS on m1. So There is time to be with the trend on higher time frames and there is a time to be with it in the form of following it when its reversing. So to be in tune with the market means to dance with it up down and sideways. And this flow chart will keep you on the right side of the FLOW most of the time.
You do not have the required permissions to view the files attached to this post.
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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Bettina
- Free Member
- Posts: 491
- Joined: 28 Dec 2011, 19:55
- 13
Re: Grants Journal
Immy,
I remember you saying : If M5 is sleeping, we need a S1 Setup on M5 .
Your example has no S1 on M5.
How do you prioritize, when do we need it ? Or does it depend on how "good" the m1 setup is ?
Bettina
I remember you saying : If M5 is sleeping, we need a S1 Setup on M5 .
Your example has no S1 on M5.
How do you prioritize, when do we need it ? Or does it depend on how "good" the m1 setup is ?
Bettina