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Attachments: My Journal based on MTZ and CSM with SD Zones
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My Journal based on MTZ and CSM with SD Zones

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  • First Post: Jul 21, 2015 8:13am Jul 21, 2015 8:13am
Hi Everyone... After sometime of trading without discipline and without control on the planned strategy and losing all the time the pips which i gained for that particular day, I have decided to start a journal and involve with my friends here in FF, so that I can keep myself in control and learn some disciplines. first of all, I am really grateful to Vlady for being such a good friend and being helpful always with honest and positive feedback and knowledge tips. It is because of him I am starting this journal.
I am also thankful to Albert and Jeetvirk who are the minds behind this strategy which involves the MTZ and CSM. below is the thread where they are sharing their journy.

http://www.forexfactory.com/showthread.php?t=529396

My plan is to gain 30 pips daily and not more than that. I will stop trading for that day once i reach my daily goal. I need to continue this for 20 trading days. Most important thing is I have a day job so i can trade only little more than couple of hours from 6:00AM to 8:30AM UK time. I will not trade other than these timings but sometimes do if i'm on a holiday like today....

OK then let us get started....
Well done mate! Best of luck!
Don't be afraid to make mistakes, it is the struggle that creates your edge.
A pip is only worth it if you know how much you risked to earn it
Quoting vlady1974
Well done mate! Best of luck! Don't be afraid to make mistakes, it is the struggle that creates your edge.

Quoting tradeforlife
Hi Everyone... After sometime of trading without discipline and without control on the planned strategy and losing all the time the pips which i gained for that particular day, I have decided to start a journal and involve with my friends here in FF, so that I can keep myself in control and learn some disciplines. first of all, I am really grateful to Vlady for being such a good friend and being helpful always with honest and positive feedback and knowledge tips. It is because of him I am starting this journal. I am also thankful to Albert and Jeetvirk...
. Hope I can join you hear.
My help is in the name of the Lord who made heaven and earth.
Quoting Albertdkpllh
{quote} . Hope I can join you hear.

Sure Albert..
As I was trading during new york session today, i had placed more trades (against my target) which won't happen always (only during holiday) and from tomorrow, will make sure that i trade only for 30 pips.

I made +74 pips today.
my entries are still not great... i need to work on that... some of the trades had a bit of drawdown before hitting TP. also, need to work on strict SL.
10 pip on GBPCAD...
Attached Image (click to enlarge)
Click to Enlarge Name: GBPCADM15_2207.png Size: 72 KB
10 pip on EURCAD...

Also long on GU, AU and GJ... currently GU and AU under water...
Attached Image (click to enlarge)
Click to Enlarge Name: EURCADM15_2207.png Size: 73 KB
Quoting tradeforlife
10 pip on EURCAD... Also long on GU, AU and GJ... currently GU and AU under water... {image}
My help is in the name of the Lord who made heaven and earth.
GJ TP hit 10 pips and GU TP hit 10 pips...
currently AU is under water....
Quoting tradeforlife
GJ TP hit 10 pips and GU TP hit 10 pips... currently AU is under water....

Hi r u not using stop loss
Quoting jeetvirk
{quote} Hi r u not using stop loss
not at the moment Jeet.. I am working on entry and refining it so that i can have my defined SL (currently sometimes it is going beyond).
Quoting tradeforlife
{quote} not at the moment Jeet.. I am working on entry and refining it so that i can have my defined SL (currently sometimes it is going beyond).

i think during refining both (Entry & SL) should to together.
Quoting jeetvirk
{quote} Hi r u not using stop loss
It hurts but you should allow your stop loss to be hit. Never move your stop loss.
My help is in the name of the Lord who made heaven and earth.
Quoting jeetvirk
{quote} i think during refining both (Entry & SL) should to together.
Quoting Albertdkpllh
{quote} It hurts but you should allow your stop loss to be hit. Never move your stop loss.

Yes, You and Jeet are both correct. Never move SL and always the SL and entry works together. But the point is, I have a pre-defined max number of pips SL and I'm refining my entry now so that I can set the SL within my limit. You should be able to reduce the draw down by optimizing the entry. currently sometimes, i am a bit late to enter or bit early to enter, so there is a bit of draw down but i'm working on it. I hope it would improve.....
Ok, update for yesterday...

gained 40 pips from 4 pairs (10 pips each) and lost 40 pips on that AUDUSD trade.. tried to recover that again and lost 20 pips again...

So, no more revenge trading any more.... what ever lost is lost...
Today's update:

EURUSD - -20 lost
GBPAUD - +10 gained
USDCAD - -20 lost
GBPUSD - +20 gained
NZDUSD - +17 gained
EURUSD - +43 gained
EURNZD - -47 lost
EURUSD - +10 gained

So TOTAL, I ended up with +13 pips for today which is good in one way.... that i didn't lose again as yest... I need to focus more on entry.. entry... entry....
Also got another 35 pips from GBPUSD and 17 pips from EURUSD short after USD/CAD news...
Quoting tradeforlife
Also got another 35 pips from GBPUSD and 17 pips from EURUSD short after USD/CAD news...
woow . Congrats
My help is in the name of the Lord who made heaven and earth.
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