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L'Lawrence Trading Results and Diary

  • Post #1
  • Quote
  • First Post: Edited Oct 27, 2007 1:51am Oct 21, 2007 5:42pm | Edited Oct 27, 2007 1:51am
  •  Leonlorenzo
  • Joined Aug 2007 | Status: Always trying... | 2,263 Posts
Ok,
Just for a quick introduction to myself........
I am a 20 year old male from the Uk, and have been trading for the past 2 years with varying results.
I seem to have found a trading perspective that suits me and have started to see promising results over the past months, and have decided that keeping a log of thoughts Trades and results in a journal such as this will be very beneficial to me.

One thing that i stand by is my oppinion that Machanical profitable systems are VERY hard to come by. Remember i said 'OPINION', and everyone s entitled to there own.
To me trading should be a very instinctive process.........where the instinct is gained by SCREEN TIME!

I do not think i could write a manual to tell someone how to trade like i do, its not very concerete like that but I would say there are certain rules to be used....

*5 min chart
*draw lines of support and res from previous day
*asume what is happening now will carry on untill the market shows otherwise. eg. if the market is ranging, only buy at the bottom half of the range/sell atth top. If the market is treanding up/down then only take ur trades in that direction and preferably enter on pullbacks
*use fibs to find possible points to get out before a retrace and get back in at a better price.

.........to name a little for the moment.

Hopefully Ill start the Log tomorrow! with continued possitive results from friday (105pips).
Living the adventure in my head.
  • Post #2
  • Quote
  • Oct 21, 2007 5:46pm Oct 21, 2007 5:46pm
  •  steviet
  • Joined Jun 2006 | Status: Member | 2,512 Posts
Hi Leon,

Good luck with your journal from a fellow Brit

Kind Regards
Steve
 
 
  • Post #3
  • Quote
  • Oct 22, 2007 12:30am Oct 22, 2007 12:30am
  •  Leonlorenzo
  • Joined Aug 2007 | Status: Always trying... | 2,263 Posts
Well, Trading this Asian session and it has not realy been that productive. But the thing which is of foremost importance when trading is NOT to LOOSE money rather than to make it.

So keeping that in mind I havent done to badly in heindsight

Results below (all for EJ with spread already deducted)

10
-15
-13
17
10
-10

total -1

Time to get afew hours sleep and then Ill be trading London!
Living the adventure in my head.
 
 
  • Post #4
  • Quote
  • Oct 22, 2007 12:33am Oct 22, 2007 12:33am
  •  Leonlorenzo
  • Joined Aug 2007 | Status: Always trying... | 2,263 Posts
Thanks for the Comment m8, hopefully ill have better luck than this asian, lol.
chears again!

Quoting steviet
Disliked
Hi Leon,

Good luck with your journal from a fellow Brit

Kind Regards
Steve
Ignored
Living the adventure in my head.
 
 
  • Post #5
  • Quote
  • Last Post: Edited 8:13pm Oct 22, 2007 7:58pm | Edited 8:13pm
  •  Leonlorenzo
  • Joined Aug 2007 | Status: Always trying... | 2,263 Posts
Well, Turns out The 1st Trading day with a journal has been very dissapointing for me. Hopefully I will be able to turn this around tomorrow. Alot of foolish mistakes made today due to being really tired i think!

Total for sesson -43

From journal start -44
Living the adventure in my head.
 
 
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