MJ12s Trading Journal
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thread: MJ12s Trading Journal

  1. #1

    MJ12s Trading Journal

    I've decided to Begin a Journal on FF. I've been keeping my own personal Blogger journal since November last year where I've posted each trade I have made on demo.

    I Have decided now that it might be better for me to post charts of my trades where other traders can view them. Primarily so I can finally get feedback from experienced traders and secondly so I think about how silly it'll appear on my journal before I make a very awful trading decision

    since Nov 5th I am now trading just retraces of PA over the time frames as this is what I have had most success and I feel more comfortable with these. I am also considering trading retraces and breaks on the shorter time frames so I will be posting my trades from two separate accounts with these if all goes well.

    I will be posting my results in the kind of myfxbook to establish I've taken the trades posted so there may be no funny business or temptation to omit silly mistakes in my part.

    I exchange Gold and 20 currency pairs all time frames from 15 minute to 4 hourly and the dailies, weeklies. In addition, I look to exchange oil and the main indices but since I am using Oanda as my primary broker I do not day trade them in the present time.

    My method involves trading PA (mainly pins like in j16) at highly confluenced areas, PA with powerful momentum and breakouts with a round retrace and PA.. I also have developed my own system for lesser time period trades. The majority of my trades demand a bit of a verified trend line and also a fantastic support and resistance area. I won't be posting any principles. I don't believe myself consistently profitable so I am not in a position to provide trading counsel.

    I am starting this thread primarily to improve my trading. I think I have an edge together with the method and the only thing holding me is myself. That is my quest to overcome myself.

    Entry Candle or place is indied by the Arrow and I use a tiny shaded blue area to indie my exit.

    Allow the trading begin...

  2. #2
    It was a good start today. I took 3 three trades and they all ended up being winners. Only problem is I changed my mind about the initial 1 and arrived out due to some silly correlation thoughts. I should not have and it would have made good profit. This was the GJ trade.

    I am in one other trade that's at BE very near my own TP but I am not posting a chart until I have made an exit. Seems like I will end up 2% to the day. Not bad considering I haven't been trading mornings as I am recovering from a throat operation.


  3. #3
    This is Max Cohen from the movie Pi its a fantastic choice independent low budget movie from precisely the same director as'The Wrestler' and'Requiem for a dream'

    Its about a mathematical genius who's trying to loe a formula for predicting the stock market. It drives him mad and in this scene he's trying trepanation (drilling a hole through your skull allowing more oxygen to attain your brain which is supposed to improve mental powers). Well worth a watch when it sounds up your street. Probably a bit weird for a few.

  4. #4
    Last commerce now. Probably made an early departure here but for now my departure egy is a really easy 1/1 and like it that way. I count it as 3 winners now if I did not make a silly exit.

  5. #5
    Not such a fantastic day today (Tuesday). Two trades and 2 losses. Back to BE. Pin was not that great about the AU. CJ was of a breakout pullback with a fashion line and I have found these generally do the job well.


  6. #6
    Pretty boring day now and needed to stay out the market due to news. There were several trades early and bright but was not awake for them.

  7. #7
    I took last week off as I had to visit my sisters because of her wedding and it was right in the middle of the week on a wednesday. I have alos determined that from now on I'll be investing a lot less and only trading 1H - per week timeframes. I have spent the past 18 months focusing solely on trading and it has been a really tough period. I have learned an incredible amount and I am totally addicted now so there's no possibility of me quitting.

    18 months is a long time to go without making any money and I really can not continue to eat into my savings. Also I am going away to egypt in december so I want to generate some good cash before then so I can enjoy myself. I play online poker for a living but I needed a rest and along came trading - I thought like each other novice does that it could not be that difficult and after a few months I would be making enough to live on. I ought to have known better coming out of being a professional poker player and knowing how much time it took me to find great at that.

    Nevertheless I have been enjoying my trip and I have spent the past few days ensuring that my trading can continue while I play with poker. It'll be tough going back to poker after 18 months of freedom but I will just need to muster the excitement from somewhere. I have setup mt4 so it automatically skips through the markets while I play with and I can keep an eye on things. I'm not certain how it will work out but I have to try. My trade program is to only exchange the transactions that stick out like a sore thumb and stay away from anything I have to look twice at.

    Bottom line is I have to maintain my funds tools sharp and that has to take priority right now if I like it or not.

    Rant Over.

    Anyhow, here is the commerce I took today. I think I came out too early which is one of my many advancement areas. Still its fine to make a bit of profit as I have just started my new account for my new more conservative commerce plan because of reasons mentioned previously. 0.4R at the conclusion but it is going to most likely go for more.

  8. #8
    here are all the remaining trades I have obtained this week. Happy with all except that the AC.





  9. #9
    This was a fast trade now for 0.4R would have made a fantastic touch commerce to. Had to take profit prior to oanda hiked their spread but price did go all of the way down to .9650.

  10. #10
    I will be posting something similar each week so I can not cheat. I hope this can help with my subject.


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