JC's trading journal

[JC1975]

Hey Fellow traders,

Well, i've committed myself to start my own journal there in order to progress in my trading )

So, feel free to respond to me whenever you guys see something tricky i shouldn't have done;
For sure, i gonna read your constructive comments but sometimes i'm slow to answer or post because i'm looking for time;

At the moment, i mainly trade Dax from FO to the 1st hour of LO where i've found beautiful entries since i'm in the room with you guys. If i change my strategy (i mean, trade currencies, for instance), i'll let you know in my comments.

Let's Go!!!

April 27th

firstly, i took the 2d fruit Short you can see on my chart below, for a small rent and couldn't reverse fast enough to enjoy the Long side

then, i entered the fruit on the top of the chart (1st lot), couldn't place the order below the AIM box for a desired 2d lot, and finally got an 2 lot when stage 3 was going South.
I trailed my position untill the 50ish area, (where a fruit appeared in kinda wave 5), so i got 135 + 72 pips,

Even with this huge amount of pips, i was stress free!!! :-bd

[JC1975]

April 28th

Hey Guys,

today, the 1st attempt to go long didn't work as the market decided to go the other side, so it resluted in a 12pips rent

fortunately, i could reverse in time and go short for 17pips; which i exited too early, i mean no reason to exit as per the rules, but i was confused at that time: previous price action was still in my mind whereas i should had been focusing on the present

to continue, i found 2 Shorts when gator was open, took the breakout of the box, trailed to the green line and finally stopped out at b/e

[immy]

Hi JC!

Congratulations on taking this very important step. Trading journal is an essential part of the trading success formula. I urge you to apply the T20 principle. This will also allow you to "work towards goals" and help you stay motivated and more disciplined in terms of keeping your journal. The biggest problem people face is that they start a journal but stop after a couple of weeks for a variety of "humanly" justified reasons. There is no exception. Keep a journal and keep it updated. only then you will learn.

cheers

[JC1975]

April 29th

Good Morning,

today the breakout of the box at FO brought some big pips if you had taken it;
i couldn't push the trigger because of the risk (big stop loss); next time, i'll reduce my position size to have an acceptable $ Risk amount.

then, i missed the fruit : my bad!

finally, tight box appeared, i had a pending order long above the AIMS box because M5 was in an Uptrend and M1 had sleeping Gator; ready for a campaign of Longs but market decided to go South

Here, i need my buddies' help : it that wrong to look only at the Long side in such conditions or should i look for shorts too?
any comments will be appreciated, THX

[immy]

April 29th

it that wrong to look only at the Long side in such conditions or should i look for shorts too?
any comments will be appreciated, THX

I can see you have the Setup template. M5/M1 each side with purple on and dots. That means you should be following the flow chart. and as such based on the Setup strategy you have done the right thing not going long. But once again I see that you have decided to mix up the two strategies which i do not recommend. The Setup isa trend following strategy. its strict and it filters many many setups. because it focuses on the best high probability setups. The Fruit is different. Its busy, it trades often and more aggressively.

if you were trading the fruit you'd have gone short there.

hope it makes sense.

[Tomi]

Here, i need my buddies' help : it that wrong to look only at the Long side in such conditions or should i look for shorts too? any comments will be appreciated, THX

For purely fruits... Fruit trading is straightforward. Just use M1 and trade it. Decisions and trade management are based on M1. Personally I look M5 and above timeframes, but that's legacy from pure S1 trading. That information won't affect (much (rofl) ) to decisions. Just my opinions fellow. Have fun!

[immy]

I don't look at m5. I would only look at it when price action is choppy and range is tight. otherwise roll! but if I feel the need to look at m5 that means market is not moving so that means go do something else. clear your head, refresh yourseld and come back for next session. mostly i thrive on market open volatility and as such nothing can help me with "predicting" that so I just go with the "leading edge" of the market i.e. m1. I know all the rest of the charts are made of the data i have "analysed" on m1. hope it makes sense.

[JC1975]

Ok thanks Immy and Tomi, that helps a lot, because i know now that my trading is gonna be easier tomorrow: just 1 chart in stead of 2 ;-)

i was confused by reading the 2 E-books and the 2 strategies, almost at the same time

looking forward to reading the new coming V5 fruit strategy, which is mainly what you guys do in the room if i understood well

[JC1975]

Thursday, April 30th

Morning Gents,

today, my demo was freezing from time to time like other fellow traders in the room (for instance, gap before LO that didn't exist in reality); so, we were unconfortable to trade, even in demo, but i choose to stay and monitor the opportunities

to start, we had no entry for LO

then, a fruit appeared to the short side but the bar was invalidaded 2 bars later by a Higher High, so no entry for me
it seems, the breakout of the AIMS box could had been taken but was concentrated on the fruit strategy and the absence of a valid fruit bothered me

quickly after this opportunity, a long fruit presented but was still experiencing froozen datas (
so, i decided to quite for the day, the week, the month and come again in May
Cheers

[JC1975]

May, Monday 4th,

UK Bank holidays, so i was expecting a shy LO, waiting for Germans traders to move Dax at that time...

what should had been LO, turned out to be stop loss hunting : i took the breakout of the box twice but was stopped out (

as a trader, i kept doing my job and took the 3d attempt to break with stop above gator, then i trailed to the green line and finally exited a bit above the fruit; as a result, it payed for my 2 rents

i was so concentrated on managing it that i forgot to Stop & Reverse, by taking the fruit Long

then, i entered Long on the 2d fruit (4 bars later) but the fruit was in fact cancelled by the next bar, which went lower; i exited at break even, as the entry wasn't respecting the rules (Discipline +1)

this being said, rules were completely respected as it was a correct Add-on from the 10:28 Fruit and i should had stayed in this long : i realised it a few minuts later by analysing it again

Cheers