Trading journal of LE1 methods

This is my trading journals of Loveevery1's methods teaching in the thread: Another simple system - timeframe 15 under his permission.

I would gradually keep updating this first page with links for sharing some LE1's posts which I think they are one of the most important which make his thread become exclusively special, at least as what they are meaning to me.

TDI entries: 47; 94; 182, 231; 290, 382; 413; 414, 462, 685; 775; 907; 1746; 4276
4H chart TDI entry: 22; 272; 361
50EMA: 5954; 6339
5mn chart: 5979; 6086; 6234; 6256; 7025; 7135; 7142; 7198;
ADR entries: 6341; 6348; 6350;
10 EMA (4529, 5265, )
RN: 2210; 3692; 3697
EMAs on M15 chart: 251; 8405 (to make 20pips you don't need to look at other TFs).
How to look at chart everyday: 2,985; 12560
Confirmed setup: 2033; 2698; 3247; 4683; 7878; 7891; 9331; 10,921; 11,690; 12,097; 13645; 13,648; 16,506
Bouncing off: 17; 6091
Pull back entry: 1383; 1840; 3481; 3491
SL vs TP: 487; 2199; 4,376; 4913; 5686; 6086; 6098; 11.724
3 levels of trading skills: 3,306;
Risk management: 745; 2029; 2197
Confluence (high probability): 1746; 5,399; 5400; 5409; 5471; 7201
Target: 10924
Are they buying or selling: 4711; 5389
Arjun candles: 2118; 2410; 2450; 2,854; 3,707; 4,376; 4,539; 4,615; 4,915; 5,105; 5250 (H1); 5,291; 5,332; 5,941; 5,982; 6,855; 6,975; 8,457; 8,460; 8,923; 9,558; 11,828; 12,364; 15,557; 16.090; 16,506; 16,656;
Psychology/life: 45; 175; 376; 472; 2062; 6582; 6583; 6626; 7560; 7883; 8602; 11,685; 15,531; 17259

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First trade, NU H1 sell bounce of 200EMA (yellow).
Result: BE.
Comment: not a good setup for short as 800EMA just nearby as a dynamic support. Need to be more patient.

Second trade,
AJ M15 Sell. BASIC SETUP.
Result: + 15pip by manual close i/o +20pip as TP set.
Comment: nervous and fear.

Third trade,
Buy AJ H1 based on a nice pinbar bounce off 200EMA.
Result: loss -15pip.
Comment: just a loser of probalility.
That's enough for today coz I commited to myself not more than 3 day per day.

First Trade of 4/12/2012.
Sell Gold, TF: H1, basic setup, entry a bit late but still manage for +60pip.

Second trade 4/12/2012.
Buy GU; TF: M15; Basic setup. Manual close for +10pip.

04/12/2012 third trade.
Sell Gold again basic setup; +80pip.
I'm lucky today.

Hi VNFX,

I know did very good progress in last month.

How many pairs you are trading and at any point of time max how many pair in trade ( max risk of all Stop losses amount in % your Equity)

I am also learning LE1 method but new. I have one small suggestion if you change color of your EMA as near as LE template like

200 pink 800 while , so we can understand easily PA position in relation to EMA's.

IT is up to you.

But it will help other LE1 followers to understand your charts quickly.

Wish you all the best.

Dear Mkfx,
Thank you for your attention.
Last month I was just lucky to have a good result but in fact my performance was not good at all in terms of patient and discipline.
I'm trying to focus on fewer pairs and never take more than 3 trades per day. I've also learned from Gibril to filter the most trending pairs to trade instead of scatering on several pairs. But you already know, Bro, that theory is always easier than practice.

At the moment I don't use % SL compairing to equity but just a fixed SL, let say 20pips as initial recommended by Master Arjun, but sometime I move SL a bit depending to recent swings but never execeeding 50pip of SL at the time.

Sorry that my EMAs' color make you a bit annoying to follow but please understand that I don't use LE1 template. I make this journal with intention to illustrate that if newbies have enough pentient and dicipline with LE1 methods (basic first, then other advanced later) we will survive in this bloody battle.

Cheers.

First trade 5/12/2012,
GJ Sell M15 basic setup; Loss: -20pip.
Comment: Late entry. If looking at H1 it was CT trade. Need to avoid TFs conflict and must Trade in agreement with HTF.

First trade 6/12/2012.
EJ M15 Buy with PA bounce off 200EMA. Result: BE.
Comment: I'm so greedy to be stop out at BE otherwise +20pip is ok.

Second trade 6/12/2012,
EU M15 sell basic setup. Loss: -20pip.
Comment: I'm a bit chasing and it was very near to LO. Should wait for after London open before entry.

Third trade 6/12/2012.
AJ M15 Buy basic setup. Result: -12pip. A winner turned into a loser.
Comment: I'm greedy. I should move SL to BE after 12pip as recommended by Master Arjun.

First trade of 7/12/2012 and also EOW.
AU H1 Buy based on basic setup with Arjun candle.
Result: Stop out at +7pip.
Comment: again I don't know I'm greedy or I don't know when to TP.

First trade of the week.
NU H1 basic set up. Buy after seeing the pin bar rejected 10EMA.
Result: stop out at BE.

What if I was not fear and did not close the trade before the price hit my initial SL?

And here are a series of overtrades I took on EJ, M15 chart. All trades are BE. If I'm not greedy and followed Master Arjun recommendations all trade should be booked +20pip.
Trade 1: a bit chasing. Trade 2: good price. Trade 3: failed pinbar but I move SL to above RN. Trade 4: basic setup.

This week is a disaster to me! So many mistakes!

I'm so depressed and shocked with what just happened in Master Arjun's thread. It is so much demotivated. I don't know is it one of the reasons make me uncontroled and a big mistake happened to my trade: I made a bad entry which is not belong to any of Master Arjun's method and then moved my SL and hope the price to return. It was a huge loss.

I need sometime to be recovered before continue posting more journals. However, newbies can still watch my live trading explorer and you will know that the trades have followed Master Arjun's basic setup or not!

Cheers.

11/12/2012
AU Buy basic set up. Result: +39pip.

First trade 12/12/1012
EJ H1 Buy. Basic Setup.
Result: +40pip.