Journal for Trend Follower 5 Minute System

Hello Everybody! This is the unofficial journal for Trend Follower 5 Minute System. I am not a novice trader but I would label my self as beginner still, I had minor success with trading but I did not have a set system of rules and was not consistently trading.


So here it is, my trade journal. This thread will be specifically for the trend follower 5 minute system. FYI, I am not personally trading with the EA...feel free to post results from either but I am focusing on manual trading.

I will be posting every trading day of the week, even if no trades have been taken. I hope this is helpful to any new comers and is helpful for me. Happy trading.

Hey Kush,

Great , we need someone to keep track of the famous trading systems. I used to be a follower of Trend Follower also. I look forward to seeing the results

Good luck on your posts. Will keep checking back.

"Used to be?" How come?
The volatility in the market recently?

I took a trade on the EUR/USD and will post the results on my journal. I got the signal and everything lined up, price was between two pivot points and the distance was very short...25 pips between pivots.

This is how I executed the trade. I opened a position .10 lots on a mini which is ten cents a pip, when I hit break even I closed out half of the position and set stop loss to break even...clumsily I was only able to set the stop loss at 1 pip below break even.

Which looking back I did not follow the rules on exit and stop loss...Please people take a look at the attached picture and let me know if you have any tips or comments.

NOTE: if I had of followed the rules I would still be in and be up.

EUR/USD 11/16/08 3:37 GMT Loss of 1 pip
Account Starting Balance 3000
Current Balance 2999.95
Trades taken to date 1

Thanks for the support Navin. I was going to send you a PM but apparently I do not have access to send ??? I've sent a message to the admins to check it out.

Glad to here you've used the system, hope you had a good experience with this system. I read in the original instructions that this trading methodology was created to be both profitable and teach people how to better understand trend, use of indicators, and why they make trading decisions.

I'd love to hear about your experience, I do plan on taking on a more active and less conservative trading system. I was looking at the http://www.forexfactory.com/images/m..._finallink.gif Powerful 1 Min Scalping System (Fx Prime). I like how they have a chat room setup for everyone using the system...that's what I'd really like to have for this...I may even setup a MIRC channel. It's fun when you can trade with people and create a community experience.
I want a system that will give me more trade opportunities but I first need to stick with this system and move on to more advanced systems. One thing I really need to get used to is executing the trades and setting my stops and managing the trades with ease.

Please let me know how this system worked for you and what you are using now. Please feel free to criticize my trades, especially since you used the system before!!! Thanks again for your support and hope to see you soon.

Market is looking flat so far....I should be up for an hour or two. If I don't get another trade, I just want to wrap up tonight.

On the trade I did take, I did not follow the rules with my stop loss. I had been reading some articles on money management and tried to implement some of the things I had read, next time I will just follow the rules.

I did notice that my take profit would have been rather close to some of the pivot points... in fact the range I was trading in was about twenty pips between pivots.

I may need to change systems. I feel like I found one that would better match my trading style. I have not found very many trade opportunities with this system, I am forced to watch a few pairs at a time and that can be overwhelming.

I am going to study the system tonight and make a decision....I'll keep myself posted.

HI,
I Use a hybrid system(trend followe 5 minute and EASY).

See this post: http://www.forexfactory.com/showthre...=40325&page=30

This system save many false alerts,

When the 4hr candle closed it was a failed bar because it had touched both ema's and close above the high ema. The following bar met the criteria for a proper setup bar but it did make a slightly lower low.[IMG]file:///C:/DOCUME%7E1/home/LOCALS%7E1/Temp/moz-screenshot-1.jpg[/IMG]

Sorry for leaving you dead journal!

I do have a new journal, a breath of new life and dedication is pouring into my new journal. My footprints will be left here

Using THV now