Jims journals start today 6-11-2013

[thestart]

(hug) :-bd

test.png

seems like this worked I mean attaching the file I will be attaching more soon please anyone especially Immy,Steve,or grant tell me what you see wrong and again I will be placing many more pictures explaining what I see and maybe someone can tell me what I am missing. I think I might be having the problem Immy describes a while back. I am worried about the trades I miss and I do look at the opposing currency ie USD/CHF etc. I also think I have been worried to much about the size of my stop loss. What I mean is it is ok to risk 30/40/45 pips if you use a smaller entry size because I think you should enter a trade based on ZL ,dots and alligator 9 times out of 10 it seems that if all these things are good stop loss is proportionate/acceptable. How does anyone reading this feel about what I think and please be honest whatever your answers are I am happy to get the input. I really mean what I am saying so if you guys see something messed up tell me and thanks in advance. I should have started this a long time ago but I did not think it would help I am hoping maybe I was wrong and this will help me do in the NOW what I am seeing in the past if that makes sense to anyone I do not know,but it makes sense to me lol........Jimmy

[thestart]

chart #2.png

I think chart #2 has worked any input would be great pick this baby apart tell me whats wrong thank you. Oh and by the way I really do not see anything wrong with any of the pictures I have posted and this is a large problem because I see but am miss entering trade. I know I am close but just missing one ingredient that i need to be on top of the trading chain.

[immy]

Hi Jim

There is a very short answer. The setups as you have identified are perfect. Its just the matter of seeing them as they develop to the right side of hte screen and then have the courage to take it. And once they are gone they are gone. NEXT

Your perception and understanding of the setup seems to be spot on. I have no doubt if you could take such setups and exit correctly your account should start growing steadily. Do not focus too much on account growth for now. Focus on objectively identifying setups, taking them and correctly exiting as you pointed out. The challenge is managing the trade correctly!

ps: for more charts, simply visit this journal/top of yours and click on reply to topic... you don't need to start a new TOPIC each time. I have merged the other chart with this topic/journal. cheers

[thestart]

test #4.png

Immy thank you like I said I am right there just missing something. I understand divergance,abcds ,fibs,fib extentions,trendlines/trendline breaks,tweezer tops/bottoms,engulfing bull/bear,breakout trades. I think I am my problem like today I need to go to work but want to stay infront of computer and I am leaving for Russia in 5 days and will be there 2 weeks it just seems like there is never enough time. I feel that once I can be profitable trading that I would have more time because I would eliminate the work I do now and only trade.very difficult to need money go to work read trade and have family. I assume your work at this time in your life is trading only which would keep you home and around the family. Mentally challenging to keep trying since 2003 and keep finding so many ways not to do something the wrong way who would ever think there could be so many ways to do something not right. Maybe there are not so many ways and I keep doing the same few things wrong without knowing it ?. I can not give up I see the market moving and I see the signals all I need now is to see the income. Posting another trade that I really did enter

[thestart]

test # 4 follow up.png

Please let me know if you see something wrong with this entry thank you Immy or anyone else.

[immy]

test # 4 follow up.png

Please let me know if you see something wrong with this entry thank you Immy or anyone else.

Thats a valid trade and a valid exit and valid result. This is the type of trade you say to yourself.. Well done Jim, you followed your plan, you objectively identified the setup, you accepted the risk, you took responsibility, you managed yourself and your trade. If you have done it the next time within an hour or so, may be you could have hit 60-90 pips drop just like Mirgi did though he used the clever Seed Strategy.

cheers

[thestart]

test #6.png

test #5.png

tank you Immy for the last evaluation. what do you think of these ? I think the entries looked good . one did not turn out good and I entered 5 pips late but with only $1.00 till my entries become a habit.

[thestart]

follow up on trade #5.png

Closed trade w black diamond and now I have a blue dot. I thought I remember reading that when I see a black diamond I should think about possibly leaving the trade and I have many times seen diamonds and trade would reverse. What would your thoughts be about this Immy or anyone else that might know. Thank you

[thestart]

follow up on trade #5.png

Immy look where this trade went after I closed 179 pips higher in 7 hours give or take a pip or couple minutes. I will not close trades again when I see black diamonds I will wait for sl to be hit. If I have accepted the sl then that means I was OK with it when I placed trade so I should be OK later because nothing has changed since I entered trade. You see I know I just need more practice doing what I know and trusting my entries,and by you telling me If I am right or wrong is what was missing because I would spend my time wondering if I entered correctly or not. Now I do not need to spend this time because you are telling me if I was right or wrong my doubt is eliminated. One pip at a time and my feelings about leaving this trade when I did is OK because I am happy that I entered in the first place and another trade will come and when it does I will not leave with black diamond. I know when I stay diamond will be right and that Is OK to because as long as I do the same thing over and over again and it is the right thing I am going to the bank. I am going to put up $1.00 and mot increase until I have a habit/record of winning trades and I will increase my entry $1.00 at a time like I should have done years ago. This journal is also something I should have started when I read about it on the AIMS web page but I really did not think it would do anything and if I can see a difference in 2 or 3 days then I was sadly mistaking THANK YOU VERY MUCH.......Jimmy

ps Immy what do you think

[thestart]

test #7.png

See what happens with this entry 1 hour trend line down was broken to the up side and my understanding about trend line themselves is they are right 70% of the time and if this is wrong please anyone is welcome to correct me. Thank you in advance I believe this could be the start of wave 5 please let me know if this thought is correct or should this thought not even be in my mind I truly would like to know and this is why I should have started a journal a long time ago.