Aguaman- A different take on Journals
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thread: Aguaman- A different take on Journals

  1. #1

    Aguaman- A different take on Journals

    So it has been recommended a few times that I start a journal of my own for my personal gain. So I decided sure why not. A few things though:

    This journal is hopefully geared toward everybody learning, researching possibilities, examining mistakes. I prefer a style of trading which uses largely trend lines, S/R, PA and a number of fibs. Anything that stems off of them is welcome in discussions as well.

    So How can this thread be different to the typical journals?

    While I will probably post all of my transactions, I will attempt to really go in depth into a few per week. Not just where and also the basic why. But how that situation developed, the moment, how the trade evolves, and the plogy throughout that moment.

    I will not cover money management any time soon in good detail. Your thoughts are welcome though when the discussion warrants it.

    One final thing- I'm by no means a professional. Actually. . I really don't think I'm that great in any way. I'm only getting out of that point of breaking even a whole lot.

    So anyhow -

    Current trades!

    SHORT EURCHF @ 1.3394
    SHORT GBPJPY @ 130.45
    SHORT EURCAD @ 1.3889

    According to how these transactions go I'll select one to examine Additional
    More information to come shortly

  2. #2
    EURGBP trade closed for 40 pips

    May not seem like much. But that has been my target for that trade. I'm waiting for a more substantial move to go for more.

    EURUSD currently at negative annoying pips LOL. Tightening a few ceases. Don't care for it much. We'll see where it's when I wake up at the a.m.

  3. #3
    Eur/usd short doing pretty well this time. Up 50ish pips at the moment.

    Also Brief gbp/chf at the moment.

    These Two trades I plan to hold for a while. Sometime next week I'll set them to BE and move my stop forwards out there till they stop out themselves. Hopefully I get some nice powerful moves and strong returns .

    I have a pending long on eur/cad buuut that's been there some time. If US session hits and no dice it is probably gont be outta there.

  4. #4
    I actually wanted my first write up to be on my own GBPJPY trade but it's currently still undecided about. I believe it will make for good dialogue, particularly in the plogy part of trading. But let's start easy.

    So looking at the EURCHF trade. First chart is your daily. You can see a strong downward trend (complete with trendline!) Along with a strong s/r or pivot point... everything you wish to call it... in 1.3800. This point was my principal focus on your daily chart as I wished to see two things happen here

    1- Price reject the point
    two - A new trend be confirmed through a retest.

    Certainly I'd been observing this for some time. Since the installation fulfilled itself my goal on the 4H was marked out through the red line at 3450. As price closed under it, I'd wait for a retest and based on price action I'd enter.

    One final point- I drew the fib there erroneously only to show that sometimes it isn't always the large that counts but the sticks of the bars. Interesting little feature that in my view frequently shows itself. No matter price also bounced very near the 61.8 making the trade stronger.

    Coming up next is the 4H chart.

  5. #5
    So to the 4H and also the completion of this trade-

    As previously stated, price now closed beneath the small s/r in 3450 using a strong bearish bar. Once a retrace started I set my sell stop beneath my strong bearish bar and place my Stop loss in the noisy area over the small s/r point. And I waited, and I slept. My goal was to get all of the way down to my following major pivot point at 3300 but due to this first retrace earlier it I adjusted my plan. This wasn't designed to be a long trade. The goal along with the percent I put into it didn't warrant me providing it the breathing space since I have my other transactions. As a result I closed it once it returned to where it originally retraced from. Not far from my target, and still a decent turnover out of it.

    So that's my first trade walkthrough. This is only scratching the surface of trading though. Anyone can do this stuff. And that's the purpose. Trading should be relaxed and worry free. I am learning that. verrryyy slowly.


  6. #6
    GBPJPY Ceased out (-90 pips)

    Closed EURCAD ( 85 pips)

    One Thing to be said about the GBPJPY trade. However, I probably won't go into detail on this one.

    Basically, it's been a powerful lesson in cutting my losses short. Though I don't always agree with letting my winners operate .

    But it's not even 7am yet here and that I have a 10:30 meeting sooo going to find another hr or so of sleep in.

  7. #7
    Pending sellstop on EURGPB set.

    On to what I said earlier about letting winners run and cutting losses short.

    Within my failed GBPJPY trade there have been several chances to close the trade at profit or in break even. Even after the trade initially became a loser it lasted to retrace into my entry point or close to it so that I could escape with a minimum reduction.

    It is indeed fine to provide a trade room to breathe but if it fails to resuscitate itself after almost an whole day... have a look at the trade.

    Consider the pair from the Place of a new trade. Am I looking for parameters that are similar to enter? Am I interested in this pair? If the answer is no to these questions, you're now trading from emotion. You do not wish to realize your money disappear. Somewhere on your gut you really feel like that is just one. You talk to the trade. Coax it. Will price to go up with your mouse.

    All of these are things I've done in the past. Nonetheless, it's very important to learn to simply let the trade go.

    Nearly all of my winning trades are losers for very brief periods of time. If they do become winners and retrace, it is generally back to breakeven, and then off again. These are the trades I want to hold on to.

    That was a lot, I think I'll discuss how I let my winners run another moment.

    OH as a final notice:

    Pairs I'm currently watching: eurusd; eurcad (again)

    Yeah I think that's it for now

  8. #8
    1 final update before I'm off to get the job done.

    Sell stop triggered- currently coming my TP which is 40 pips from my entrance. Stop Loss is around 40 pips above my entrance. If it continues this way would have been a wonderful trade. And probably my sole trade for the day. Definitely not worth discussing though.

    If anyone has any ideas on my transactions so far please feel free to say them. I like trading conversation and'm at the point where I don't let it change my own trades adversely.

  9. #9
    Well the US trading session is just about completed and price is shutting just past break even. Inside my writeup yesterday this is still okay. The trade remains healthy, albeit not perfect. I tightened stops a little more.

    Additionally I have included an AUDCAD long. Bounce off a trendline, just above major s/r (parity) and with the trend. On the 4H I've got two fitting highs with a higher close on the second. Wasn't the prettiest but not bad. On the 1H I saw price sitting on some nice support. All that was enough for me to input.

    EDIT: As an extra note, the initial bounce happened right on the 61.8

  10. #10
    Verrry beginner error. I left my audcad stops overly tight before I left my computer again. Got stopped out because of news. Fantastic news is that it was a very small reduction.

    I tend to prevent news altogether since my stops typically accommodate for such noise trading largely off the 4H. I attempted an aggressive entrance however since it was not a properly researched trade. Lesson learned. Not much lost.

    EURGBP SL is at break even. If it hits it, price was not going anywhere anyway. It has been hanging round for more there consolidating than I like.

    New trade: extended EURUSD


    EDIT: By no means has my week been a poor one but I realize that somewhere between starting this diary along with my trading this week I have lost a few of my edge. I believe I need to relax a bit. Read, begin looking deeper into my trades.

    Exit egies are significant and I will get to people as my trades progress. I am eager

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