Personal Traders Log (hot spot trading)

Rules of trading
Having Realistic Expectations
Knowing My Trading Plan And Sticking to it
Trading With the Probabilities
Being a Trader, Not a Gambler
Approach Each Trade Without Emotion
Only Accept Praise when I Follow The Edge
Engage in Processes that Create Success
Analyse My Trading Results and Act to Improve My Results
Always Accept What the Market Gives Me
Top down analysis
Determine trend
Always follow the trend
Never go against the indicators
Stick to stop loss and once infront trailing stop loss


Trade Results for 30 Aug 07

Trade 1 entry on 06:59 candle @ 2.0142/45
exit on 07:45 candle @ 2.0172/75 result 27 pips
exit reason retraced to pivot

Trade 2 entry on 07:49 candle @ 2.0175/78
exit on 09:15 candle @ 2.0113/16 result 59 pips
exit reason trailing stop loss hit

Trade 3 entry on 09:57 candle @ 2.0119/22
exit on 12:00 candle @ 2.0072/75 result 44 pips
exit reason trailing stop loss hit & tlb

total 130 pips

Finished for the day next trading day scheduled is 3 Sept 07

Trade Results for 03 Sept 07

Trade 1 entry on 06:50 candle @ 2.0169/72
exit on 07:30 candle @ 2.0206/09 result 34 pips
exit reason hit 2 ma

Trade 2 entry on 08:41 candle @ 2.0184/87
exit on 09:45 candle @ 2.0187/90 result 0 pips
exit reason broke aggressive trend line, hit trailing stop loss

Total 34 pips

Finished for the day as London market seems tired and US has a public holiday, next trading session is 04 Sept 07

Trade Results for 04 Sept 07

Trade 1 entry on 07:34 candle @ 2.0180/83 short
exit on 11:45 candle @ 2.0127/30 result 50 pips
exit reason broke trend line and indicators all low and hungry

total 50 pips

Finished for the day going, next trading session 05 Sept 07

Trade Result for 05 Sept 07

Trade 1 entry 05:08 candle @ 2.0144/47 short
exit 08:45 candle @ 2.0050/53 result 91 pips
exit reason price hit 127 fib level and indicators showed change of trend, query retracement.

A special thanks to the guy's who came over for coaching and got me on the market early. thanks again.

Trade 2 entry 09:05 candle @ 2.0058/61 long
exit 14:00 candle @ 2.0100/03 result 39 pips
exit reason broke med term trend line and getting tired long day

total 130 pips

Finished for the day time to chill out. Next trading session 06 Sept 07

Trade Results for 06 Sept 07

Trade 1 entry 07:20 candle @ 2.0198/201 long
exit 10:15 candle @ 2.0251/54 result 50 pips
exit reason RSI crossed

Trade 2 entry 10:37 candle @ 2.0249/52 short
exit 12:15 candle @ 2.0167/70 result 79 pips
exit reason hit 127 fib level & have to keep appointment

total for day 129 pips

Finished for the day next trading session is 10 Sept 07

Trade Results for 10 Sept 07

Trade 1 entry 07:06 candle @ 2.0297/300 short
exit 08:00 candle @ 2.0267/70 result 27 pips
exit reason indicators reversed at fib level 61.8

Trade 2 entry 09:15 candle @ 2.0292/95 short
exit 09:45 candle @ 2.0283/86 result 6 piips
exit reason indicators gave reversal at hotspot

Trade 3 entry 10:13 candle @ 2.0286/89 long
exit 10:30 candle @ 2.0326/29 result 37 pips
exit reason price hit 2ma

total for day 70 pips

Finished for the day due to urti next trading day depending on health will be 11 Sept 07

Sorry no trading tonight guy's as the flu has taken me out.

Hopefully will be right for trading on the 12 Sept 07

Go Getter

Hey Go Getter,

impressive trading , hope u get well soon to grab more pips.

What trading system/style do you use?

Trade Results for 12 Sept 07

Trade 1 entry 07:51 candle @ 2.0344/47 short
exit 08:45 candle @ 2.0314/17 result 27 pips
exit reason reversal on indicators at fib level

Trade 2 entry 08:54 candle @ 2.0316/19 long
exit 10:30 candle @ 2.0348/51 result 29 pipis
exit reason fib level, RSI low, MACD Hist

Trade 3 entry 11:33 candle @ 2.0332/35 long
exit 12:30 candle @ 2.0345/48 result 10 pips
exit reason broke TL, RSI cross

Trade 4 entry 12:39 candle @ 2.0346/49 short
exit 13:15 candle @ 2.0315/18 result 28 pips
exit reason hit trailing stop

total for day 94 pips

Finished for the day next Trading session 13 Sept 07

Hey pipcruiser


To anwser your question I'm a chartist and the system that I use I developed myself, it has a few indicators with some being Fibonacci, MA, RSI, MACD, alot of Tom DeMark stuff and what its designed to do is give me points of interest, the guy's I teach call it "Hot Spot Trading".

The reason I'm posting my trades is because I'm working with a group of people and we are experimenting with the Pyschology of traders and I'm the guinea pig, so this allows them access to my trades where ever they are as long as they have internet acess of course.

After doing some of the techniques it has so far doubled my profits and where I had become bored with trading I am now very eager to get back into it. Also the stuff that we did has had effects on my personal life as well.

Hope this anwsers some of your questions.

Cheers Go Getter

If you always follow the trend why did you go long & short with GU.

Hi dctrader,

After I do my top down analysis for the session (Daily, 1Hr, !5min charts) that I'm about to trade in I then check the trend on the 15 minute chart and obtain my entry off the 3 & 1 minute charts. Now the thing that I also do is I have a system with a couple of indicators that tell me when the trend on the 15 minute chart is turning, so I then follow that trend and if its against the daily and hourly chart I expect small profits and if all three time frames line up (daily, hourly & 15 minute) then I expect large profits or good runs.

Hope this helps explain it, so I'm sticking to the trend that my system tells me to follow.

Cheers Go Getter

Trade Results for 13 Sept 07

Trade 1 entry 08:31 candle @ 2.0263/66 long
exit 09:15 candle @ 2.0276/79 result 10 pips
exit reason RSI

Trade 2 entry 09:44 candle @ 2.0270/73 short
exit 10:45 candle @ 2.0245/48 result 22 pipis
exit reason hit trailing stop loss

Trade 3 entry 11:54 candle @ 2.0262/65 short
exit 12:00 candle @ 2.0259/62 result 0 pips
exit reason hit stop loss

Total for the day 32 pips next trading session ? 14 Sept 07, but 17 Sept 07 for sure

Trade Results for 17 Sept 07

Trade 1 entry 06:09 candle @ 2.0083/86 short
exit 07:00 candle @ 2.0066/69 result 14 pips
exit reason with student and showing technique

Trade 2 entry 07:21 candle @ 2.0067/70 short
exit 10:15 candle @ 1.9960/63 result 104 pips
exit reason hit trailing stop loss

Trade 3 entry 10:57 candle @ 1.9956/59 long
exit 12:45 candle @ 2.0009/12 result 50 pips
exit reason Target hit and lower level charts are high

Total for day 168 pips

Next trading session will be 19 Sept 07

Trade result for 19 Sept 07

Trade 1 entry 05:21 candle @ 2.0122/25 long
exit 06:15 candle @ 2.0157/60 result 32 pips
exit reason indicators setting up for short trade

Trade 2 entry 08:30 candle @ 2.0122/25 short
exit 11:00 candle @ 2.0004/07 result 115 pips
exit reason RSI cross and bouncing of 61.8 fib level

Total for the day 147 pips

Not trading NY open have made enough

For the guy's trading the system the period around the 09:15 candle was an instinct call but you should have exited as a trailing stop loss was hit and then looked for a re-entry point.

Next trading session will be 21 Sept 07

Trade result for 21 Sept 07

Trade 1 entry 08:18 candle @ 2.0091/94 long
exit 09:15 candle @ 2.0157/60 result 63 pips
exit reason price hit pink MA (remember guy's what happens to price when it hits the pink MA)

Trade 2 entry 10:27 candle @ 2.0144/47 long
exit 11:00 candle @ 2.0153/56 result 6 pips
exit reason price hit trailing stop

Trade 3 entry 11:54 candle @ 2.0133/36 long
exit 13:00 candle @ 2.0153/56 result 17 pips
exit reason hit trailing stop loss

Total for the day 86 pips

Next trading session will be 24 Sept 07

Hi Lance. I am really glad to see that you are back posting regularly on FF. I have sent you a pm.
Cheers

Hi Ironball,

will check out your PM talk soon

Hi Ironball,

PM sent

Cheers Go Getter

Trade result for 24 Sept 07

Trade 1 entry 07:59 candle @ 2.0287/90 short
exit 08:15 candle @ 2.0258/61 result 26 pips
exit reason indicators indicate retracement at fib level

Trade 2 entry 08:30 candle @ 2.0274/77 short
exit 09:30 candle @ 2.0253/56 result 18 pips
exit reason hit trailing stop loss

Total pips so far tonight 44 pips

Taking break for conference call may return later, otherwise next trading session 26 Sept 07