Trading Journal for newbies

This is a trading JOURNAL, it is not my intention to teach anyone how I trade.

If you need to learn more about the system click link below.

ANOTHER SIMPLE SYSTEM - TIME FRAME 15 (Another simple system - Time-Frame 15)

The owner of the thread had taught me the method ( with various strategies)
I learn to trade from Master Arjun. Here is the Trading method im using for trade.




Master Arjun (Master Arjun) aka loveevery1 (www.forexfactory.com/loveevery1)

I'm putting those strategies and record trade entries based on his method.

Nothin here will talk about strategies or trading signal......


NOTE : ANY QUESTION ON DETAIL you need to know is available in the above Thread.

If you need to ask any question regarding thie trade I've taken, please quote it and POST it back to the Thread.


NOTE :

This journal may be end up in Recycle Bin, if I keep on answering trade set up. FOREX FACTORY has the right to do so, because I violate the posting in Journal Rules.

It is advisable to re-Quote the trade I've taken and Post your question in Master Arjun Thread. By doing this

1) This Journal may be spared by Forex Factory into going to Recycle Bin
2) We have so many PRO and EXpert trader beside Master Arjun may be able to give full answer.
3) Sources of all trade taken posted in this journal are based on Master Arjun Thread. Always it will be nice to go back to the "source" for reference.
4) I may not regularly in this Journal.....it may takes a week to answer. If you post in Master Arjun Thread. Many are more than wiling to help you.

Thank You

Gibril

How to make ajournal

Good luck with your journal Gibril, I will certainly be following you with interest.
Take Care
ww xxx

Hi Gibril,

Nice work over at Loveevery1 thread. I am truely impress. I am a silent reader over there, because the way that thread move is too fast for everybody, so do not want to add on to the pages.

If given a chance, I am willing to help, that is, if I am good enough.

Keep up the good work, truthly committed to learn from you.

Regard
winwin for everybody

Thanks for the kind words guys.

About Arjun Method..............

First, it's not a flashy system, just built on the core basics of simple things that work. Most think that trading is somehow a complex issue and hard to grasp. The fact is that it's pretty simple and that "WE" are the only thing complex about it and "WE" make it harder, much much harder than it needs to be or is.

Second, is that it could be a result of the "rules of the thread." I don't intend to scare off anyone, but I also don't intend to let this become another arguement forum with lots of unrelated garbage in it.

Only that the reason for trying to tell everyone "their way" is the "only way" it can be done.

I have tried to make it as complete as possible, including all the tools to post in the thread, understand the process of "getting there" to have a strategy of one's own, how to "make it a business" not a gamble and all the things I heard so much about while learning, but never really ever got a solid answer about "how" to do that.

Simple example of that is "Let the market show you it's 'hand' before entering a trade." That one alone used to really mess with me. If I waited and was patient, the market simply ran past me, if I entered too quickly it crushed me. Never failed and every one who tried to explain it made it some complicated thing.

The truth of that one little thing is that every strategy is built on what the creator perceived as how the market reacts to "their" strategy and that simply following the "rules" DID SHOW you the market's "hand" so to speak. The issue is that the market, can simply move the other way after it's done that.

So the "real" issue wasn't seeing the market's "hand" but learning to deal with the fact that after it has "shown it's hand" it can simply change it's mind.

Many example I can quote when the Market gave a pretty solid "shot" signal, I took it then when it seemd to be gaining steam, it simply went the other way.

"My" flaw in that trade was not tightening up my stop when the reverse "pin" happened and allowing it to take me out with far fewer pips than I could have had. Which brings us to manageing the trade once it is entered.

We do our best "by the rules" that we can, we set a proper stop loss to act as both a disaster stop and to mitigate risk "by the rules" then we learn to live with my favorite trading quote from Endroute,,,"Some do, some don't, SO WHAT, next!"

We have to learn to take our trades dispasisonately, not get "hurt" or upset when the market lies to us according to "our" strategy, whatever strategy that may be. It's never personal and no one "out there" in the market, not the traders, not the borkers, not the banks, no one even cares about our tiny little trade, even if its a ten million dollar trade.

Again, thanks for the kind words, I hope all the work helps some one to start being consistent at least and perhaps helps others to improve what they already do.

I hope all the work helps some one to start being consistent at least and perhaps helps others to improve what they already do.

Hi Gibril,

Very well put my friend. I for one have benifited alot from your posting, but still exploring the consistancy part.

Keep posting, I am all ears.

Back to trading.

rdg
winwin for everybody.

Hi, Gibril
Very nice to see you start trading journal.
I am a bit busy these days, trying to keep up with the folks in LV1 thread.
I should join your Newbie club.
Thanks for sharing a lot on trading.
More impressed to me is that you almost did a good deed each month, to children, to schools , to teachers, to football teams and to the old.........
You are a real man! Very successful in trading and being a man with kindhearted soul. My hat off to you!

I'm not the most patient person in the world when it comes to trading.

I have always been more of a “make it happen” sort of person than a “wait for it” type.

I know that's a major shortcoming in trading and I am getting better about it, but I still wanted something that was less subjective, allowed for more

focus with less effort and with cleaner charts.

For those of us just beginning the forex journey, lack of confidence in our skills, a solid strategy, poor perception of price movement and a trading style that just simply add to failure and struggling to find the best method in the market......free or otherwise........

What is the BIGGEST obsticle in learning Arjun's Method ?

I have read many people in FF or other forum making the same mistakes again and again......

None of them came to the realization that not sticking to ONE strategy was the first and biggest problem one had to
confront.

Traders had to find or create a strategy that they could understand immediately and stick with. Why must creat ? Do you have the ability.............Arjun had laid out in from of you HIS method......with added LOVE.........

Then mastering that strategy and becoming consistent would be the next step in the journey..........

At times I feel I shouldn't post all the trades that i've taken..........Just few small ones will suffice to Arjun thread.

As days goes by I feel disgusted for myself as if I became like a rooster who likes to hear myselfs crow at every opportunity about how Iam able to pick tops and bottoms and know days in advance which direction the market is going. this is bad..............

But when i look at other members is just like chickens who sit around and wait for the rooster to crow some new trading call.

What shall i do to hlep them, but at the same time not becoming like rooster................ ?

But I must do ..............what i must do to protect Arjun Thread and method..........Simple and Love.

Arjun the person that I know who with good intentions post his system.

I can see very quickly he get people wanting to know what the win percentage is, if they trade it live, how long they have traded it and whether or not there is a freaking EA for it.

It worries me sometimes if then come some moron comes along with a super duper new indicator that will help to "filter out" the bad trades. Of course this moron has never even traded the Arjun original system.

Then within a very short period of time the Arjun Thread may end up with a system that is nothing like the original, 10 times more complicated and not even close to the same results as before.

There are far too many people in Arjun thread waiting for someone else to make them successful. I remember , the visitor was numbered less than 10..... average 7 per day............Now you have over 100 per day waiting and hoping some Holy Grail to pop out from the PC Monitor they are staring at....lol

Of course if they just listen to roosters crow at least they can blame someone else other than themself if they fail. Or simply just couldn't understand anything from the word Arjun utter..........for them it is just another post to chit chat...........

I wondered so many traders in the thread seem to be hardwired to overcomplicate simple things, even tho; Arjun himself already makes things to the simplest possible a human can understand ?



And most of traders are hoping to find Arjun's automated system that is fire-and-forget.

But this is NOT it.

With Arjun's method traders will be involved in the trade and need to build experience with good amount of screen time.

So either Demo or live , please DO spend time in front of the charts and see how price reacts at the EMAs and the round numbers.

There are two things I like to trade with Arjun's Method....

is........................

When I see all his items line up pretty well....I will "let it run" mentality


If there is speed bumb ahead......... i change to a "grab and run" mentality

But which is which, when all Arjun items line up nicely ?.............

I enjoy spending at least 10 hours a day to study charts and looking at different time frames............. as far as I can go to the left of my screen.

It has taken me 6 months full time ( including Saturday & Sunday) and worth of 3 great mentor to get to where I am now.

Arjun is the Master Mentor.................... idon't want to name the two

for Newbies came to Arjun thread hping to see full mechnical system...........When price cross 10ema and above 200ema, they will start LOOKING to buy,,,,,,,,,,,,,,,

LOOKING FOR WHAT ?,,,,,,,,,,,,,,,is there anymore EMa missing ? Something to think about

Here what it is .................

All price moves are retraced, at least to some level.

This point applies to candles, too. If you do a study of candles and price action, you will find that over 95% of candles are retraced against, usually in the next candle or within a few candles.

The reason I bring this up is that I have noticed that some traders are in and out of trades within a candle or two as a trade moves against their entry. ( sclaping)

If you expect this move, two things are likely:
1. you will not freak out when it happens, and
2. you will start waiting for the retracement before your enter you trade.

The market nearly always will move to rescue a price level that has not been retraced against or squared up.