Chris's Journal - Step 1 (Setup 1)

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immy
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Re: Chris's Journal - Step 1 (Setup 1)

Unread post by immy »

TRADE THE H4 TRADE THE H4 or
TRADE THE M15 TRADE the M15
What is the Secret of Successful Trading?
The Consistent Pursuit of DS1 :nerd

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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Boad
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Re: Chris's Journal - Step 1 (Setup 1)

Unread post by Boad »

These next few are a mix of Famous and H4 since I traded them before getting the advice above. Will separate things after this batch is done.

Batch 2 - Trade 3

USDCAD (Famous)
Entry: 1.27280
Stop:1.2330
T/P: 1.27180

THIS WAS NOT A PROPER FAMOUS AS THE LARGE MOVE WAS 2 EUROPEAN SESSIONS AGO

Result: DS0 (-1R)

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Boad
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Re: Chris's Journal - Step 1 (Setup 1)

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Batch 2 - Trade 4

USDCAD (m15 - S1)
Entry: 1.27280
Stop:1.2330
T/P: 1.27180

THIS WAS A GOOD S1 but Im not supposed to be trading them on M15 so rating it a DS0

Result: DS0 (2R)

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Boad
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Re: Chris's Journal - Step 1 (Setup 1)

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Batch 2 - Trade 5

NZDUSD (m15 - S1)
Entry: 0.73240
Stop:0.73150
T/P: 0.73420

THIS WAS A GOOD S1 but Im not supposed to be trading them on M15 so rating it a DS0

Result: DS0 (-1R)

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Boad
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Re: Chris's Journal - Step 1 (Setup 1)

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Batch 2 - Trade 6

Gold (H4 S2)
Entry: 1216.5
Stop:1224.45
T/P: 1200.6

I think i took this S2 prematurely before the new box fully formed

Result: DS0 (-1R)

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Boad
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Re: Chris's Journal - Step 1 (Setup 1)

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Batch 2 - Trade 7

EURAUD (Famous)
Entry: 1.47237
Stop:
T/P: 1.46690

I have since cut this pair from Famous, but it was valid at the time...

Result: DS1 (2R)

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Boad
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Re: Chris's Journal - Step 1 (Setup 1)

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Batch 2 - Trade 8

GBPUSD (H4 Seed)
Entry: 1.30820
Stop:
T/P: 1.31340
Didnt have room to get to TZ1 for 2R but did for BE. Strictly though I shouldnt have taken it

Result: DS0 (BE)

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Boad
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Re: Chris's Journal - Step 1 (Setup 1)

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Batch 2 - Trade 9

EURJPY (H4 S2)
Entry: 129.47
Stop:
T/P: 130.95

Result: DS1 (BE)

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Boad
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Re: Chris's Journal - Step 1 (Setup 1)

Unread post by Boad »

Batch 2 - Trade 10

Silver (H4 Cherry)
Entry: 16.18
Stop:
T/P: 16.38

Result: DS1 (BE)

Sitting at a lousy 4/10 DS1 (40%). The upside is there are improvements to be made :)

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Last edited by Boad on 20 Jul 2017, 12:23, edited 1 time in total.
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immy
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Re: Chris's Journal - Step 1 (Setup 1)

Unread post by immy »

its best to keep a running score of your DS. as in

DS 1
Total: 16/18 etc. you can even add 88% etc.... to keep you motivated and on track .

which means you've taken 18 trades, 16 were ds 1 which is 88% DS
What is the Secret of Successful Trading?
The Consistent Pursuit of DS1 :nerd

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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