Twitch Journal - Live Journal 4 replies
Creating my Trading Plan + My Trading Journal 27 replies
Another Trading Journal - Yuhu's Journal 16 replies
My Personal journal up 18% in 2 months going to start a journal 8 replies
Azzity's Trading Journal III (Azzity's 3/30 Trading Method) 9 replies
DislikedYea. I see ya'lls point. If I was losing in this business, I'd be a chart posting fool asking for help. I just have a laptop pc. I sit down each evening when I get home from work ( I don't have an office job) and set up my pending orders.Ignored
DislikedThe point about making a chart is that it shows you have thought something out... it does not matter if you are right or wrong... just that you have a reason for what you trade... a chart shows that you have given thought... and practice on chart drawing will be very helpful.... i can draw my charts in a minute or so each time.... this is not a lot of time... I post a chart almost every post I make.... but I bet I spend less time a day than you on forex.... !!
I guess I am bored tonight too.... someone give that GBP/USD a kick in the butt... I want it to go down...Ignored
DislikedA well planned trade should not go much against you.... yes.. the trade need room to breath....Ignored
DislikedThis probably won't affect you much because you trade towards the 5 EMA? I was looking at cable this morning and noticed on the weekly chart price is near a trendline and there's a buob setup.Ignored
DislikedTiki with all due respect, (and I really mean that) my trading is not luck. There is a rhyme and reason for the trades that I take. Now I might not be right on them, but there is a reason for every pending order that I set up. I treat my trading just like my other business. I am in this business to make money and to get better at what I do every day.Ignored
DislikedAn entry at the close of the BUOB would have resulted in a drawdown of 160 pips the next day. This trade would be profitable eventually. However, the entry was key here. How do I decide entry and if this would be an "A" trade?Ignored
DislikedWhat I generally try to do when trading the following setups: buob, beob, dblhc and dbhlc is to wait for a retrace to the 50.0% first. You'll find quite often that when these setups do occur, price pulls back first before continuing. Another thing to note that I've seen before and this has to do with correlation again. When I see gbpjpy go up, quite often I see euraud go down. Not sure about other yen crosspairs but I've definitely noticed it with gbpjpy.
You can try the 50.0% approach. It'll give you a better entry and a tighter stop.Ignored
DislikedI've attached a chart on the current weekly buob on cable. Price may or may not hit it but quite often there is a retracement first. Check it out though on other pairs and you'll see what I mean.
There's also an example on eurusd 4 hour. There was a very big dbhlc and after it formed, price has started creeping up towards the 50.0% retracement.
On the cable example, I would place an order to buy at around 1.9800.Ignored
DislikedI've attached a chart on the current weekly buob on cable. Price may or may not hit it but quite often there is a retracement first. Check it out though on other pairs and you'll see what I mean.
There's also an example on eurusd 4 hour. There was a very big dbhlc and after it formed, price has started creeping up towards the 50.0% retracement.
On the cable example, I would place an order to buy at around 1.9800.
Ignored