Please Don't Mind Me Journal

1. I stalk around the forum a lot if one were to stalk my history.
2. Whatever I post, the concepts are around the net. There is nothing new in this thread.
3. I will not complicate my approach too much as to avoid analysis paralysis.
4. I read on different concepts every week as to expand my horizon.
5. I will only post the trades after they are taken at the end of the day (Most Probably).
6. I will try to trade everyday (if there are setups of course)
7. I set a requirement to post in this thread due to one reason only: I prefer a simple journal
8. No extensive explanation will be posted for the trades as the charts are clear enough (or are they?), well unless of course if I steer off course.
9. I might consider trading multiple account to workaround NFA Hedge rule.

*PMs are most welcomed
**Please do not regard my "Voucher" requirement to post here for my arrogance or attempt at only a 1 sided view, Its solely to ease future review"



Methodology:
1. PA
2. MA Channel
3. Pivots/Murrey Math
4. MTFA
5. CCI

Trading Systems on FF studied: (Some of the popular trading system on FF that I read which are quite interesting)
1. Trading Made Simple
2. Trade What You See - Almost naked Trading
3. THV system
4. ForexCube's Threads
5. The System (II)

Articles/Points of Interest
1. Tensile trading http://blogs.stockcharts.com/journal...anagement.html
2. Business Economics of Decision Making http://www.paginasprodigy.com.mx/RPA...igDecision.pdf

17/08/2013 (Friday)
Red-5
Blue +18

1. Hesitated to exit at double indecision bar with CCI Zero Bounce and looming trendline.
2. Entered on PA. Its Friday. Exited at predetermined TP.
*Stopped trading early*

19/08/2013 (Monday)
+7
+11
-36

1. I would enter an entry at highlighted area at M5 but all my trades for now (testing phase) are at 1/5 of intended size. Hypothetically, If i take up the 3rd position I would be a wee bit exposed than I ought to be. That said, 3rd entry opportunity (20 pips) was the best one for the trade. I stayed with my trades in this despite M5 showing LL is because of H4 (not in chart) CCI bouncing off zero line

2. In a trade at the moment. Sudden spike of 10 pips in few seconds. No news. Interesting. Out with -36. The Price punched through multiple pivots in few minutes. I do not see any viability in my entry anymore so I exited. This was not expected but "What do I know?"
2.1 At the moment, the only negative argument of the entry is that the H4 zero bounce (Long) was still viable. But higher time-frame signals are usually stronger.
2.2 This was apparently a news driven by the ECB. Need to stay on top of the news that is outside of FF's calender more http://www.reuters.com/article/2013/...97I0AE20130819

3. Despite (2) happening. The price is heavily deviated to the top side. CCI M5 to H4 in extreme. In most cases that I have seen, when prices are spiked out of deviation usually from news driven event, Prices tend to reverse.
3.1 Prices are congesting on the M15 despite falling CCI. I could exit now (which would cover (2) losses) but MTFA (Monthly/Weekly/Daily/H4/H1/M30/M15) suggest further downward movement.
3.2 Following day floating +66 pips. M5 to H1 MTFA suggest upside retrace within a further downside movement by H4 to Monthly. Thus, I will hold the trade for now. I can trade the retrace but its only Tokyo Open. Im not interested due to my broker prohibiting hedging positions (update: price went 18 pips upwards.) Will continue holding on for now because this "retrace" pushed the CCI into extreme on M5-M30 possibly H1 too). Will see
3.3 Price is hovering just above my 1st TP for 2 short orders. But Price from M5 to H1 shows another likely retrace again. Again, If I could I would trade the retrace too.

20/08/2013
+10

1. Highlighted area was where I would have entered long.
2. My overnight trades missed its TP by a pip. It moved back beyond my entry. Will see
2.1 Ughh the drawdown from yesterday's trade thx to speculators yearning for some action after ECB "talk"...I will still hold on to this because MTFA suggest downside.. Still My risk tolerance has always been for short term "fast in fast out" type of trades. This might suggest that I might be "desperately" hoping for the trade to turnaround though
2.2 I do not feel like holding this trade overnight even though it is at its extreme. If it lacks momentum before I go to bed. I will close all the positions

22/8/2013 (Thursday)
+30
+6
+1

1. This is a trade from 20/8/2013 Tuesday, I held the positions disregarding the upwards price movement because the upward movement is driven by news and technical wise I was still bearish. Yes, I could have try to trade the "top" of that news spike but due to 3 positions opened I didn't want anymore exposure
1.1 This is only my 1st TP reached for my "mid" term trades. There are still 2 from 19/08/2013 [refer (3)]. Price just pushed upwards here due to news too from "German Flash" related news. H4/H1 suggests Upward movement. M30/M15/M5 for now suggest short term downward movement. Should I exit manually?

2. I will Close the remaining positions if I spot reversal on M5. Yes I entered based on Short term signal. Stayed based on Mid/Long term signal. Exiting on Short term signal seems to be bit illogical. But I have a need to review my Game Plan so closing off positions will help me think with a clear head.
2.1 Well the market is always interesting, I walk off for bit and return to see Price hovering just below my entry price. I exited right away.
*Reading and Thinking Time~*

Review:

1. I started out fine then converge into a state where I tried to over-analyse the market. That there is steering off my trading plan.
2. The main issue for the week is the short term positions that I switched over to longer term trades. It is not illogical per se but just not on my trading plan.
3. I should have exited at a small loss than holding on eventhough it turned out fine. But I was unable to make use of multiple opportunities as indicated in this week's posts.
4. A trader should be flexible, able to turn from a bearish sentiment to a long one quickly, that said, I am still unhappy with my own performance and management
5. Most important of all, I do not think my trades were bad. All of my entries are good but the problem and obstacle for most traders too is trade management

*Over the next week, I think there will be some changes, well there should be