Grants Journal [Awarded Title: Guru of the Gurus]

[Grant]

One question about that chart, Grant.

It is a fantastic trade, with quite high R:R on it. When you trade this strategy, do you also place Add In orders on the break of each AIMs level, or do you enter on fruit and leave it to that entry?

Evening Kyle,

I am not the greatest exponent of the art of adding on, that said i will try and add on as long as the wave hasn't moved too far and if the potential entry isn't too close to an entry i already have (say no nearer than 5 or pips).

Grant

[immy]

One question about that chart, Grant.

It is a fantastic trade, with quite high R:R on it. When you trade this strategy, do you also place Add In orders on the break of each AIMs level, or do you enter on fruit and leave it to that entry?

Evening Kyle,

I am not the greatest exponent of the art of adding on, that said i will try and add on as long as the wave hasn't moved too far and if the potential entry isn't too close to an entry i already have (say no nearer than 5 or pips).

Grant

with 20% per month average, you don't feel the need of adding on do you? haha

[Grant]

Afternoon,

As promised here is todays trades... Any questions fire away.

Grant

[Silas]

:-bd ^:)^ :-bd ^:)^ :-bd ^:)^

Immy was kidding with "with 20% per month average"

REALLY DISCIPLINDED TRADING. GO ON GRANT

[Grant]

Afternoon,

Missed the first hour or so of London, so you could say that trades 1 and 2 were a little bit of market chasing and of course they didnt work out...

Trade 3 was a proper set up and lo and behold it worked out nicely...

Still have to remind myself not to bloody chase... [-x

Not around for the PM session today.

cheers
Grant

[Grant]

So that's the end of Junes trading and its been very nice to me.

As explained in the skype room i lost some data when i backed up my trading pc to my laptop... That data included my results SSs.

I luckily have an external hard drive that is backed up to at month end so i do have the rest of the year just not the start of June...

So attached are the results i have got from June.

cheers
Grant

[immy]

So that's the end of Junes trading and its been very nice to me.

As explained in the skype room i lost some data when i backed up my trading pc to my laptop... That data included my results SSs.

I luckily have an external hard drive that is backed up to at month end so i do have the rest of the year just not the start of June...

So attached are the results i have got from June.

cheers
Grant

2 things are fascinating here

1. Days traded. Only 7.
2. Your success rate is over 60%

The 2nd begs a question. Do you think anybody can manage that 60% following the flow chart or do you have your "feel" hat might help you achieve such high success rate. (BE's are usually counted as winners because you have recouped your invested money, i.e. the risk)

Amazing trading by a great human being! ^:)^

[Grant]

So that's the end of Junes trading and its been very nice to me.

As explained in the skype room i lost some data when i backed up my trading pc to my laptop... That data included my results SSs.

I luckily have an external hard drive that is backed up to at month end so i do have the rest of the year just not the start of June...

So attached are the results i have got from June.

cheers
Grant

2 things are fascinating here

1. Days traded. Only 7.
2. Your success rate is over 60%

The 2nd begs a question. Do you think anybody can manage that 60% following the flow chart or do you have your "feel" hat might help you achieve such high success rate. (BE's are usually counted as winners because you have recouped your invested money, i.e. the risk)

Amazing trading by a great human being! ^:)^

^:)^ GC ^:)^

Do i think anyone can achieve 60%...

In 1 way, yes I think that you can get very close to that and here's why, the entry is 100% mechanical, even the trader discretion boxes could be made into hard and fast yes or no questions...

But in another way, its all about exits, i may move to BE or close a trade where someone else won't....

ITS STILL ALL ABOUT BLOODY EXITS!!!! (rofl) (rofl)

On another note, have read through today skype chat that i missed. Any chance of some of your trades being posted? Us GC wannabees need all the help we can get....

Grant

[Silas]

Hello Grant,

thank you very much for sharing you low SL strategy and the seed flow chart. Great statistic in june!!!!!!!!!!!!
I studied the charts on DAX M1 and have some questions now.

- Is the orange line on your chart the purple line?
- Do you have special trading hours?
- What are IB 2, IB AO, AA AO and BO AO Candles?
- Do you use the flow chart for every entry candle?
- Which version of seed indicator do you use? It shows only seeds smaller than 10 pips on you chart?
- Two questions on the charts.
- Why did you use only half risk on your first DC candle entry yesterday? Onnly because you were late? Do you have the same risk management for every entry?
- When do you move the price to BE. Same rules for every trad?
- And now the question of questions: Could you please share your exit rules? Same rules for every trade?

Thanks a lot :thumbup: :thumbup: :thumbup:

- Attached are also my trades from today. I noticed an other good seed entry (also on other time frames). The seed after a fresh cross of purple line.

[Grant]

HI Silas,

Thanks for the questions. I am just leaving for after school stuff with the kids so will answer later on tonight..
cheers

Grant