Journal of The Lord

This is going to be my self-evaluation thread. I will be posting charts and all analysis for taking the trades. After a lot of thinking, I have come to a conclusion that a journal is necessary to progress in the long run. I thought I would maintain it in a notebook, but the charts would be missing. So, online journal is easier to maintain.

My Entry Method:
Mostly derived from James16 method, Jankone 5minute method (but in higher timeframe) and Clockwork's Silent Service method. Always enter after break of a pinbar, bullish/bearish bars, etc. at least by 5 to 10 pips depending upon volatility of the pair. And mostly trading in more than 4-h timeframe (though sometimes in M30 as well).

Exit Method:
Always (Mostly) take profit in the first trouble area (FTA).

Stops
Stop is generally between 30 to 50 pips (never more than 50 even if the bar deserves). And the stop is trailing (TSL). Stop is trailed only upto the point where I am up by 25 to 30 pips. Then I quickly move my stop to breakeven (now its not trailing) and wait for the FTA to be hit. This makes my loss very small and my R:R is thus improved!

Yesterday, the price fell very sharply crossing the 1.2950 & 1.3000 mark like they don't exist at all. So, a retrace to that level is due. A pin bar is formed at a very strong zone (on the monthly PPZ). The entry point and the target profit point doesn't have much traffic there. When it breaks, it can easily reach the target without much trouble.

Well, the price might have fallen sharply, but the trend on the daily chart and with the monthly PPZ in mind, no doubt, the trend may resume to the upside. Time tells.

On the daily PPZ, the pin bar occurs on the 4 hour. Little resistance just above the entry level, but that is bound to be broken and ultimately reach the target. Pretty clean level.

Moved the stop at 1.2843, just below the previous 4-h bar.

Took the profits for both the trades just below the TP point. I was catching a falling knife and there was a small trouble zone which could possibly reverse the pair. A little profit out of not a very good setup. NZD/USD was fine. There was 365 ema as well.

Off the support and with the trendline. Should be an easy trade after the pb breaks.

Target reached. Easy trade.

Good support PPZ.

Off the support and with the trendline (3-day combined pinbar)

30+ pips

Mistakes:
1. close to swing high. (in the ppz)
2. not much pips to move to breakeven
3. The main thing: Missed the FTA. The trade was not a failure.

Its at nice BRN (75) and a 61.8 fib retracement. The support is also good.

The order is triggered. Stop is at 50 pips and target is at +60 pips.

Lost it. Maybe the close FTA was the problem. Everything else was good.

Very promising chart. Should be an easy pips.

Only a breakeven. No gain.

Easy and fast 15 pips

AUD/usd h-1. This was achieved while I was sleeping.

With the trend and off the daily resistance.

With the trend!