Chuck's (PipFlak) Journal T20 H1

[PipFlak]

Hi, hello to all.
My name is Chuck or PipFlak, I respond to both. I also respond not very well to large dogs trying to bite me while I am riding my electric bike. I just finished my trading plan and am still waiting for an S1 trade so I can post it. In the meantime I thought i would post my trading plan for Immy's badge thingy. Hope to have something soon this seems to be a great system much better than others I have tried.

AIMS Trade Plan.pdf

[immy]

Hey Chuck , (i'd love to call you Chuck as I think this name is cool) HEY Chuky

thanks for letting us know about you. I'm excited to welcome you, again , to our little community of like minded wanna be awesome traders ...

I think through the years we have simplified it pretty much to a few lines... its all about risk management and having a realistic approach. Solid trading plan is the first basic step that would put you way ahead of others who think installing cool indicators is all they need to become a "forex trading success stories"...

you are on the right path but I must warn you. you must commit to "finish" something ... everyone can start something , very few can finish it...

lets do it ...

[PipFlak]

Pair: USDCAD
Entry: S1 using ATM RR 1:1 BE
Exit: using ATM RR 2:1
Result: + 38 Pips
Comments: Tight box, Alligator taking a nap, Entry dot correct, right side of purple-not too far away, AO close to ZL and coming out of W4 on AO when price hits PO, RR 1:1 BE room to 4Hr box level, plenty of room before TZ1 for RR 2:1
DS: 1

T20 1.png

[PipFlak]

I had an ATM glitch and my first entry didn't trigger so I had to re- enter a little later than I wanted to. Anyway...
Pair: USDJPY
Entry: ATM RR 2:1, RR 1:1 BE
Exit: RR 2:1
Results: +44 Pips
Comments: Proper dot, alligator sleeping, tight box, purple touching box but alligator on H4 awake, room to H4 box level for BE, plenty of room to TZ1, AO close to zl
DS:1

[PipFlak]

Pair: USDCAD
Entry: ATM RR 2:1, BE 1:1
Exit: ATM 2:1
Results: got within a cat's whisker of BE. -33 Pips.
Comments: Proper dot, alligator sleeping, tight box, purple right side not too far away, room to H4 box level for BE, plenty of room to TZ1, AO close to zl
DS: 1

[immy]

Nope its NOT DS 1... yes ...

DS1 is not about entry as much as it is for EXITs... DS1 is achieved ONLy when you are able to manage this trade properly following your simple trade management plan. Not early exits. no unwanted unplanned SL moves. The plan is simple. Move SL to BE at 1R. You have ATM I see. Perhaps once its in. you don't touch it. Thats your test of discipline...

Then you cna mark youreslf DS1

[PipFlak]

Thanks Immy yes once I have ATM set for RR 2:1 and BE set for 1:1 and position sizing set to 1% I let ATM do the rest. Thank you
Steve.