Transparency from Obscurity

Some of you may know me from the No Brainer thread, Auslanco’s Gby/Jpy thread, or even James16’s chart thread. All of those threads contain so much information and, honestly, are the place where most traders should start their forex adventures. Maybe not Auslanco's... no hate I have been demo trading for about 6 months and I feel like it is time to start up a serious micro/mini account to get on with the next step of my forex adventure. A little about me, I’m 21 right now going to college majoring in Space Studies with a emphasis on Military Applications with a minor in history and going to work full time. It is not an easy thing to trade, but that does not stop me from losing sleep trying too. I live on the west coast in sunny southern California. I love it here even if my trading day starts at midnight and sometime around 8 am, it is over. August 1st 2008. Yes, I decided to start up my account in August because I figure if I can make it through this month with proper money management, well thought out trades, and carefully executed trade plans then I should have no problem.

I embrace August. It should prove to be an interesting month so far this week I’ve made a few trades here and there managing to break even so I’m going to start off my trading here recording my ideas, trade plans, and best of all hopefully better myself as a trader in the process. I am a technical trader through and through my charts and candlestick patterns are my weapons. I will try to post all my trades in a timely manner with the majority of my decisions made in h4 and daily time frames I should be able to get at least a couple of you thinking before you can decide to pull the trigger. There are few things I hate more than seeing a new trader coming into a thread and asking what someone thinks about a pair without really contributing anything. If I see “Hey Verto, great thread, so what do you think about ----?” Then I probably won’t even warrant your question with a response. It will depend on my mood at the time. Seriously though, this journal isn’t a place where you should be blindly following trade calls.

I posted this in the No Brainer thread, but I think this is an excellent place to reiterate my point. I know with everyone making all these different calls it seems like all the work is done for you, and this goes for everyone experienced or demo trader, DO YOUR HOMEWORK. I cannot stress it enough how many times in my demo trading days I would blindly takes calls and be so excited when they worked out yet I felt so abused when they were wrong. I don't know why, but it is human nature to see the good things with clarity but in bad times we put on the blinders and blame others for our misguided efforts. It really doesn't take that much time to hop into a chart plot some s/r lines maybe a fib tool and BOOM your chart looks pretty, the setup might be solid... or perhaps grasping for straws, IN YOUR MIND, and you now have reasoning to take the trade or not. I think the fact that you need to be convinced, IN YOUR MIND, by your own hand is a very important topic. It not only allows to you learn and do it yourself, but it also takes away the stresses of having to blindly follow trade calls.


Date Trade Pip P/L
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08/07/2008 AUD/JPY S +1680 - two orders combined pips
08/07/2008 EUR/JPY S -278 - one order
09/25/2008 AUD/NZD S +1197
10/02/2008 GBP/CHF S +650
-------------------------------------------------------
3249

I forgot to mention that everyone is free to comment on my ideas or join in on current discussions.

Without further ado, I present to you with a very beautiful Daily Aud/Jpy Chart. Who starts their journal off with a cross trade anyway? I do.

Hi there Verto

Good luck with your trading sounds like your on the right path.

With your first trade, if you are looking for a move in the hundreds of pips you may want to be careful....do you see AUD/USD really falling that much further?? Your short is going to be dependant on a USD/JPY fall, and as you can see USD/JPY has firmly hit the snooze button right now.

But it is Friday so who knows!

Very true I am keeping a close eye on both of those pairs. I'm not really sure where Aud/usd and usd/jpy will go at this point. I saw the setup and had to take it in my book if I get stopped out it is still a good trade.

I present, to you my loyal journal followist, a nice little H4 Eur/Jpy Chart.

All trades are still open.

I recorded a little intro to the journal, but since forex factory does not allow audio attachments I had to zip it. So you will have to unzip it in order to hear my beautiful intro. You can listen to the audio parts or not either way this journal will solider on.

Both of my open A/J short trades are now closed at 90.40 netting +840 pips each.

Hello all,

sorry I haven't posted in a while, but I've been rather busy with school and my trend following trading. It is just the 5 min trend following trading by Thewicker.

Back on focus though I have two pairs that I've watching like a hawk in regards to long time trades. I'd much rather set a trade and come back to it to see thousands of pips in profits and little stress. So far the journal trade's have gone pretty good. Few trades and large gain are bound to be profitable.

The blueish boxes are short entries based on price action at the time while the yellow box needs a new trade evaluation.