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TheDoctor Trading Journal - Multi Strategy Systems

  • #1
  • First Post: Edited 1:01am Mar 15, 2018 12:37am | Edited 1:01am
Hello, Traders/Readers/Visitors,

This thread/forum is created to journal my trading diary and how I position and trade the market.

About
I have traded in the live market since 2010, doing this full-time since 2012.
Generally, I realized the market has both technical and fundamental trading aspects.
But I personally prefer to look at the market purely on the technical side of things.

Disclaimer
Follow me on this journey to uncover new trading possibilities if you are a newbie or even veteran looking for another perspective to trade the market.
I like to keep things simple here and use the naked chart as I trade solely on Price Action Trading and utilize Fibonacci based on my interpretation.
I have nothing to show off or boast about and not here to sell anything as well.

Asking questions/comments
I do not have every answer to everything, but I can share with you my personal views and trading experience of how I view the market and how I trade them.
Please be precise in asking question 1 thing at a time, I do not have all knowledge to answer you afterall the market is a zero-sum game.
I like to keep things simple, the market is either trending, sideway, or random.

Rules
Please keep my thread clean and hygienic from argument or flaming. Trading is a zero-sum game, and I am not a guru! I also lose too.
But I will try to be precise and accurate on my trading set up, as I think I can improve my discipline and patience by a little more...
I will moderate and ban people if I find the comments unconstructive.
Thank you!

Trading Systems
Range Trading to trade sideways market
Trending System follows the general trend on pullbacks.
Breakout system which may be attributed to a high impact news event.
Random system using pivot.
Sampling new systems.
Attached Image
  • #2
  • Mar 15, 2018 12:47am Mar 15, 2018 12:47am
Trade #1
Date: 15th March 2018
Currency Pair: $AUDUSD, #AUDUSD
The system used: Range Trading

Trader’s Summary if any:

AUS haven’t held above 0.79 for the last 24-48 hours. There was a strong spike yesterday after the core retail sales (US) data which arrived weaker than consensus.
Since then 0.7868 has been providing interim support where another key support is 0.7845 level which was the support of this overall bullish AUD view.
A drop below 0.7840 will start to turn AUD into sideway market/bearish view.

Trading Setup

  1. Market Sell Order: 0.78918
  2. Stop Loss: 0.7920
  3. Take Profit: 0.7860

Trade Management

  1. Breakeven: 20 points
  2. Trailing: 20 points
  3. Level: 0.7910 (If price closed below this level, I may consider to cut or scale out of position)
  4. 2nd Take Profit level: 0.7830

Attached Image (click to enlarge)
Click to Enlarge Name: au.JPG Size: 30 KB
  • #3
  • Mar 15, 2018 9:47am Mar 15, 2018 9:47am
Quoting Thedoc
Trade #1 Date: 15th March 2018 Currency Pair: $AUDUSD, #AUDUSD The system used: Range Trading Trader’s Summary if any: AUS haven’t held above 0.79 for the last 24-48 hours. There was a strong spike yesterday after the core retail sales (US) data which arrived weaker than consensus. Since then 0.7868 has been providing interim support where another key support is 0.7845 level which was the support of this overall bullish AUD view. A drop below 0.7840 will start to turn AUD into sideway market/bearish view. Trading Setup Market Sell Order: 0.78918...

Trade #1 moved in favor. [Green]

Levels - 0.7864, 0.7840

Pivot shifted to 0.7840 immediate and 0.7864 for any support turns resistance
  • #4
  • Mar 16, 2018 12:58am Mar 16, 2018 12:58am
Trade #2
Date: 16th March 2018
Currency Pair: $USDJPY, #USDJPY
The system used: Range Trading

Trader’s Summary if any:

Risk off sentiment so far, JPY crosses are on its support level and may drop but also a potential level to buy.
Buying USDJPY for slight recovery which may also be turned into a home run, if JPY stops strengthening and Dollar continues its rampage against other major currencies.

Trading Setup

 

  1. Market Buy Order: 105.84/86
  2. Stop Loss: 105.50
  3. Take Profit: 106.20


Trade Management

  1. Breakeven: 25 points
  2. Trailing: 25 points
  3. Level: 105.70 (If price closed below this level, I may consider to cut or scale out of position)
  4. 2nd Take Profit level: 106.60

Attached Image (click to enlarge)
Click to Enlarge Name: UJ.JPG Size: 59 KB
  • #5
  • Mar 16, 2018 11:48am Mar 16, 2018 11:48am
Quoting Thedoc
Trade #2 Date: 16th March 2018 Currency Pair: $USDJPY, #USDJPY The system used: Range Trading Trader’s Summary if any: Risk off sentiment so far, JPY crosses are on its support level and may drop but also a potential level to buy. Buying USDJPY for slight recovery which may also be turned into a home run, if JPY stops strengthening and Dollar continues its rampage against other major currencies. Trading Setup Market Buy Order: 105.84/86 Stop Loss: 105.50 Take Profit: 106.20 Trade Management Breakeven: 25 points Trailing: 25 points Level: 105.70...


Trade #2 moved in favor. [Green]

Levels - 105.60, 105.84, 106.20

Pivot 105.84

 

  1. The position was tanking with all other JPY pairs until US Session turned around despite USD was stronger overall.
  2. Up after EURJPY and GBPJPY and others stopped falling.

Position swing back to profit.

  • #6
  • Mar 18, 2018 11:51pm Mar 18, 2018 11:51pm
A DEEPER TECHNICAL ANALYSIS INTO EURUSD AHEAD OF FOMC RATE HIKE WEEK 19TH MARCH 2018 – DESCENDING TRIANGLE BREAKOUT

TheDoc's opinions and views.
I favor some shorter trend drop to 1.2200 level or below, the price may want to test this level before or during FOMC Rate hike this coming Wednesday.
If EURUSD can survive this bounce, it may again re-tests the 1.2550 level or higher.
But fundamentally, TheDoc is bearish on EURUSD even if it can be rebound again on 1.2160-1.2200 level due to the high differential interest rate on USD against EUR dollar which is currently standing at 0% against a 1.75% upcoming interest rate on the US Dollar which makes longing the EURUSD at this level too expensive.
A heavy drop below 1.2160 will invalidate the EURUSD’s bullish view this year 2018. And start to favor a downside bias below 1.2088 which was the resistance in 2017 and earlier this year in January 2018 before the breakout to 1.2550 level.
A 1.2160 break may technically decline into 1.18 zone easily within days or 1-2 weeks.
So look out for our breakout when key levels are broken
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD-Analysis-thedoc-Triangle-Breakout - Copy.JPG Size: 78 KB
  • #7
  • Edited 11:25pm Mar 25, 2018 11:14pm | Edited 11:25pm
Trade #3
Date: 26th March 2018
Currency Pair: $EURUSD, #EURUSD
The system used: Range Trading

Trader’s Summary if any:

EU traded higher after making another higher low off 1.2305 against 1.2285.
The resistance of 1.2345 is now intraday support level. EU looks bullish but a pullback may still be in play.
EU is ranging between 1.2250 - 1.2440 on the bigger picture, there may be many different levels of support & resistance.
Upside resistance is 1.2412 and 1.2440.

Trade Entry

  1. Market Sell Order: 1.23768 (Asia Market)
  2. Stop Loss: 1.2406
  3. Take Profit: 1.2346
  4. Validity: No Limit Time

Trade Management

  1. Breakeven: 20 points
  2. Trailing: 20 points
  3. Level: 1.2390 (If price closed above this level, the trader may consider to cut or scale out of position)
  4. 2nd Take Profit level: 1.2316

Attached Image (click to enlarge)
Click to Enlarge Name: eurusdsell.JPG Size: 24 KB
  • #8
  • Mar 26, 2018 10:35am Mar 26, 2018 10:35am
Quoting Thedoc
Trade #3 Date: 26th March 2018 Currency Pair: $EURUSD, #EURUSD The system used: Range Trading Trader’s Summary if any: EU traded higher after making another higher low off 1.2305 against 1.2285. The resistance of 1.2345 is now intraday support level. EU looks bullish but a pullback may still be in play. EU is ranging between 1.2250 - 1.2440 on the bigger picture, there may be many different levels of support & resistance. Upside resistance is 1.2412 and 1.2440. Trade Entry Market Sell Order: 1.23768 (Asia Market) Stop Loss: 1.2406 Take Profit: 1.2346...

Lowest achieved 1.2358, missed breakeven by 2 points and hits STOP LOSS
  • #9
  • Mar 27, 2018 12:22am Mar 27, 2018 12:22am
Trade #4
Date: 27th March 2018
Currency Pair: $AUDUSD, #AUDUSD
The system used: Range Trading

Trader’s Summary if any:

 

  1. Market Sell Order: 0.77537(Asia Market)
  2. Stop Loss: 0.7783
  3. Take Profit: 0.7723
  4. Validity: No limit

Trade Management

  1. Breakeven: 20 points
  2. Trailing: 20 points
  3. Level: 0.7770 (If price closed above this level, the trader may consider to cut or scale out of position)
  4. 2nd Take Profit level: 0.7693

Attached Image (click to enlarge)
Click to Enlarge Name: au.JPG Size: 40 KB
  • #10
  • Mar 27, 2018 10:54am Mar 27, 2018 10:54am
Quoting Thedoc
Trade #4 Date: 27th March 2018 Currency Pair: $AUDUSD, #AUDUSD The system used: Range Trading Trader’s Summary if any: Market Sell Order: 0.77537(Asia Market) Stop Loss: 0.7783 Take Profit: 0.7723 Validity: No limit Trade Management Breakeven: 20 points Trailing: 20 points Level: 0.7770 (If price closed above this level, the trader may consider to cut or scale out of position) 2nd Take Profit level: 0.7693 {image}

Trade #4 moved in favor. [Green]

Levels - 0.7723, 0.7700

Pivot 0.7720
  • #11
  • Mar 31, 2018 12:51am Mar 31, 2018 12:51am
Quoting Thedoc
Trade #4 Date: 27th March 2018 Currency Pair: $AUDUSD, #AUDUSD The system used: Range Trading Trader’s Summary if any: Market Sell Order: 0.77537(Asia Market) Stop Loss: 0.7783 Take Profit: 0.7723 Validity: No limit Trade Management Breakeven: 20 points Trailing: 20 points Level: 0.7770 (If price closed above this level, the trader may consider to cut or scale out of position) 2nd Take Profit level: 0.7693 {image}
Hi, guy

you did good job. what timeframe you trade?

best regards

B.S
Keep DISCIPLINE, control RISKS, and don't destroy your DREAM easily.
  • #12
  • Mar 31, 2018 1:33am Mar 31, 2018 1:33am
Quoting Bluesky8635
{quote} Hi, guy you did good job. what timeframe you trade? best regards B.S
My trading method is based solely on price. A timeframe is just perceptions of viewing the patterns/charts we want to see visually to affirm our trading system or application.

Basically, I will say all time is equal. But it starts from the bigger possible TF like weekly to daily and zooming all the way into minute 5 or even minute 1 if needed.

When the bigger TF move, it will affect the smaller TF so on.

So technically, timeframe used is all. As long price level hits the said levels.

Regards,

TheDoc
  • #13
  • Mar 31, 2018 3:09am Mar 31, 2018 3:09am
Quoting Thedoc
{quote} My trading method is based solely on price. A timeframe is just perceptions of viewing the patterns/charts we want to see visually to affirm our trading system or application. Basically, I will say all time is equal. But it starts from the bigger possible TF like weekly to daily and zooming all the way into minute 5 or even minute 1 if needed. When the bigger TF move, it will affect the smaller TF so on. So technically, timeframe used is all. As long price level hits the said levels. Regards, TheDoc
TheDoc

Yes. PA can be used at all timeframe, and the high TF controled the low TF.

I suggest you can leave the TF on the pic you posted. so I can know what tf you entried the trade.

Another question:

1) zooming all the way into minute 5 or even minute 1 if needed.
when you will trade into minute 5 or minute1?

2)
How you know which place of the trend the market is on? how to judge the maket is trend or reverse or retrace or range?

thanks for your reply very much.

best regrads

B.s
Keep DISCIPLINE, control RISKS, and don't destroy your DREAM easily.
  • #14
  • Apr 3, 2018 12:06am Apr 3, 2018 12:06am
Trade #5
Date: 3th April 2018
Currency Pair: $USDJPY, #USDJPY
The system used: Range Trading

Trader’s Summary if any:

 

  1. Market BUY Order: 105.70(Asia Market)
  2. Stop Loss: 105.40 (Breakeven)
  3. Take Profit: 105.95
  4. Validity: No limit


Trade Management

  1. Breakeven: 25 points
  2. Trailing: 25 points
  3. Level: 105.50 (If price closed above this level, the trader may consider to cut or scale out of position)
  4. 2nd Take Profit level: 106.25

Attached Image (click to enlarge)
Click to Enlarge Name: usdjpy.JPG Size: 47 KB
  • #15
  • Apr 3, 2018 12:09am Apr 3, 2018 12:09am
Quoting Bluesky8635
{quote} TheDoc Yes. PA can be used at all timeframe, and the high TF controled the low TF. I suggest you can leave the TF on the pic you posted. so I can know what tf you entried the trade. Another question: 1) zooming all the way into minute 5 or even minute 1 if needed. when you will trade into minute 5 or minute1? 2) How you know which place of the trend the market is on? how to judge the maket is trend or reverse or retrace or range? thanks for your reply very much. best regrads B.s

when you will trade into minute 5 or minute1?
If possible try to have a few screens so you can get the same alignment of consensus through the chart.
The minute 5 is to get the best entry for higher low or lower high if going for a buy low sell high setup.
Or buy within the minute 5 bull at the bottom channel or bearish candlestick sell at upper channel to confirm the range is still intact at the point of time.

How you know which place of the trend the market is on? how to judge the maket is trend or reverse or retrace or range?
The bigger timeframe of daily, hour4 and hour 1 would show whether the direction is sideway, trending which can be quite obvious.
A sideway market moves inside 2 horizontal lines, where as a trending market is making higher hi or lower lo within the last 24 hours.

As for reversal, no one will know but just observe that the overall-trendline is broken, then is a good indication the trend has exhausted.
  • #16
  • Apr 3, 2018 6:26am Apr 3, 2018 6:26am
Quoting Thedoc
Trade #5 Date: 3th April 2018 Currency Pair: $USDJPY, #USDJPY The system used: Range Trading Trader’s Summary if any: Market BUY Order: 105.70(Asia Market) Stop Loss: 105.40 (Breakeven) Take Profit: 105.95 Validity: No limit Trade Management Breakeven: 25 points Trailing: 25 points Level: 105.50 (If price closed above this level, the trader may consider to cut or scale out of position) 2nd Take Profit level: 106.25 {image}

Trade #5 moved in favor. [Green]

Levels - 105.95, 106.25

Pivot 106.15
  • #17
  • Apr 12, 2018 11:08pm Apr 12, 2018 11:08pm
Trade #6
Date: 13 April 2018
Currency Pair: $GBPUSD, #GBPUSD
The system used: Range Trading

Trader's Summary if any:
1. Market Sell Order: 1.4244(Asia Market)
2. Stoploss:1.4274
3. Take Profit:1.4214
4. Validity: No Limit

Trade Management
1. Breakeven: 20 pips
2. Trailing:20 pips
3. Level: 1.4259 (if price closed below this level, it may consider to cut or scale out of position).
4. 2nd Take Profit Level: 1.4184

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD_13_april_2018.png Size: 71 KB
  • #18
  • Apr 13, 2018 7:28am Apr 13, 2018 7:28am
Quoting Thedoc
Trade #6 Date: 13 April 2018 Currency Pair: $GBPUSD, #GBPUSD The system used: Range Trading Trader's Summary if any: 1. Market Sell Order: 1.4244(Asia Market) 2. Stoploss:1.4274 3. Take Profit:1.4214 4. Validity: No Limit Trade Management 1. Breakeven: 20 pips 2. Trailing:20 pips 3. Level: 1.4259 (if price closed below this level, it may consider to cut or scale out of position). 4. 2nd Take Profit Level: 1.4184 {image}
Trade #6 moved in favor. [Green]

Levels - 1.4220, 1.4248, 1.4294

Pivot 1.4248

Trade moves and HIT BE before TP1, and the market made u-turn and bull-up upon EU Session opens.
  • #19
  • Apr 17, 2018 12:58am Apr 17, 2018 12:58am
Trade #7
Date: 17 April 2018
Currency Pair: $USDJPY, #USDJPY
The system used: Range Trading

Trader's Summary if any:
1. Market BUY Order: 107.00(Asia Market)
2. Stoploss:106.70
3. Take Profit:107.30
4. Validity: No Limit

Trade Management
1. Breakeven: 25 pips
2. Trailing:25 pips
3. Level: 106.85 (if price closed below this level, it may consider to cut or scale out of position).
4. 2nd Take Profit Level: 107.60

Attached Image (click to enlarge)
Click to Enlarge Name: usdjpy_17th_april_2018.png Size: 67 KB
  • #20
  • Edited 8:59pm Apr 17, 2018 12:59am | Edited 8:59pm
Trade #8
Date: 17 April 2018
Currency Pair: $USDCAD, #USDCAD
The system used: Trend Trading

Trader's Summary if any:
1. Market BUY Order: 1.2573(Asia Market)
2. Stoploss:1.2543
3. Take Profit:1.2603
4. Validity: No Limit

Trade Management
1. Breakeven: 20 pips
2. Trailing:20 pips
3. Level: 1.2550 (if price closed below this level, it may consider to cut or scale out of position).
4. 2nd Take Profit Level: 1.2633

Attached Image (click to enlarge)
Click to Enlarge Name: usdcad_17th_april_2018.png Size: 73 KB
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