My live trading journal
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thread: My live trading journal

  1. #1

    My live trading journal

    Hi People

    okay here goes


    ive finally had the courage to come out of hiding and take this massive step (for me personally ) to record my transactions, because I can't be bothered to log my transactions in private and do not adhere to my rules of logging my transactions, I believe the whole point of logging my transactions will come in handy, so I can reflect back and go through transactions when need be and also to see how or what I can do different to further improve my trading.

    Ideally with people seeing my trading, will force me to stick to my rules and boost my trading, although I am very profitable, I have been hanging round the breakeven mark for the large aspect of 1.5 years, I believe my trading has come a long long way from when I started (2006). I've ignored 1 account with alpari due to bad money management but learnt my lesson after I blew the second account with oanda although not a big amount.

    My trading consists of trend trading, learnt from Jacko and DanUK, price action trading learnt from the masters James16, jaroo, mike, an others (thank you to everyone who showed me the way) breakouts with trend. (Please visit relevent threads to get more info)

    Number 1 rule of my trading program which I hope will cause me to profitable is to STICK WITH THE TREND.

    Secondly rule adhere to my trading egy for every single trade.

    Scrolling back through my transactions, had I stuck to my original egy when entering a trade, my account could have a gain of over 250 percent this year alone, I have a bad habbit of pissing about with the trade either moving my stop or cutting my winners becasue I was bored and wanted some action LOL.


    thanks
    sohail

  2. #2
    And same thing happens here again at the right market timing, this time price moved over the 1.5500 region and over the grey PPZ area, I entered this trade today morning but depart only with 1.0R, fear got the best of me as price moved down slightly and then in my favor, OH WELL. Next trade.

  3. #3
    Breakout, pull back USDCAD

    buy 1.0242
    prevent 40 pips
    target is october drops or based on what PA informs me

  4. #4
    Breakout, pull back USDCAD

    buy 1.0242
    stop 40 pips
    target is october highs or depending on what PA tells me
    stop moved to be, no motion heading sleep

  5. #5
    stop Proceeded to be, no Motion Heading sleep
    stopped out in be, next

  6. #6
    long at 83.75, cease 30 pips. 2 percent

    I did not perform with a direct fracture of the snare, because we were trading into a ppz ( gray marked area ), so I entered later candle close above this region.

    Trade closed for 1.5R (43pips).

  7. #7
    Stops moved to break even 1. Looking for 84.50, goal may not get hit now, maybe tomorrow, or maybe I receive BE

  8. #8
    chart below shows the most important reason for taking the preceding 4 hour pinbar on USD/JPY

  9. #9
    Interesting pattern I see within this EU chart, at the begining or end of each year I see that a trend change that goes on for atleast the next year, in which the red lines have been marked, on a number of those years ive missed there's a continuation of this tendency the question is, are we likely to see a continuation or change of fashion this year? Using the bearish bar of november this year, we may observe a continuation of the down trend.

  10. #10
    I have purchased at 7530. Because price appeared to move below 7500 round number, subsequently acted as resistance under 7500, and has moved back on it that indies to me an up move, I watch the manner price reacts at round numbers, also price is on 50%, bounce off trendline, also with fad

    I'm fully aware of beob on each chart and the resistance area (grey region ) thus have reduced my risk to 1.5% and will proceed ceases to BE fast (grey area marked).

    Entrance:7530
    stop:7467 (todays non )
    I didn't stick to my plan and exited early because price moved against me. -37 pips -0.7R .
    Price is now moving in my path again. I need to work on sticking with my plan. I truly need to have waited for the candle to close over the 7500 level lesson learnt.

    sohail


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