MY Journal-phil13

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Nice to see you dancing well my friend.

Live long and prosper.

Cheers

Hi Ray

thanks my friend, good to hear from you again.

regards

Phil.

U/J trade..... (part 2) was supposed to be a continuation trade .... but market had other ideas... that's trading.

going away at the end of the week for two weeks so will not be posting any trades until i get back, i will have my laptop with me though.



















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have not shown the account stats for a while so here they are for anyone who is interested... every trade is documented here for this account.

Got back from my break last week but have had some stuff to sort out, so sorry not had time to post any trades, hopefully I will get some time to post some next week.

Hope you had a nice break my friend.

Alex

Hi Alex

It was good thanks my friend , will be going back there at the end of august for 3 weeks, planning to hopefully spend quite a bit of time out there in the future.

Regards

Phil.

G/U .... , got some time to trade today so let us if this brings anything.

no trade...

with reference to the above charts and trade set up/read let us see what happened to price after i saw the clues in the P/A...

friend which broker u using?

Hi juisen25

I will not recommend any broker, the broker I use for my live account is pepperstone, personally I have never had an issue with them that they have not sorted out to my satisfaction but others complain about them, maybe they are ok with me because I take a lot of trades (usually 3000+ a year) and they earn from the spread, the account I am showing/using here atm for demonstration purposes on how I trade is with fxpro, personally I think their customer service could be better.

Regards

Phil.

ADDED..... be aware that with pepperstone you can not trade for the first 5mins of the trading day, which does not really affect me as it is at 10pm for me.

Hi Phil,
I am reading TAF a few months ago (studying, notes, compilations ...). And just this week I've been reading your posts in 2011. (I also have a good compilation of yours.)
Thanks for your effort and generosity.
Is this journal a "sample" of how you do trading in real?
regards

Hi fex

No problem my friend, just trying to give a little back.

You are correct in saying that what I am showing with this open account I am trading with on here that what I am showing is a ‘sample’ of how I trade and see things, this is just my interpretation of what I have learnt from the TAF thread and FTI, one thing I have learnt is there is no one way to trade that is right for everyone, indeed FTI has stated he was not trying to make us copy clones of his trading style. The reason I post the way I do and not just cherry pick from my live account is because it is far too easy to just post the trades I want you all to see which will give a false impression of how I trade, I also find it hard to post live trades with updates on my thoughts all the time, I found this affected the way I was trading on my live account which again gave a false representation of my true trading. The way I am posting now by calling out live with the higher frames what and why I am watching what I do before I start a trade and then posting the whole trade result when concluded suits me fine, I had people before trying to copy my trades when I showed them with live updates as I made each move and they would sometimes mess up then moan at me even though I stated I was not a signal service, so again this way I am posting seems to have stopped that, I think I am showing more detail in my posting trades with dealing with the good/bad set ups now as well which may help some understand what I see and look at/for, I have also been able to separate and show certain tools along the way since starting with account, as I say take what is useful to you and discard the rest (for now).

Basically with this account I am showing, I am trying to show some of the different tools needed (in my opinion) to be able to trade, they can be used in many different ways so hopefully some people will find some of what I do useful for their particular way of trading that fits nicely with/for them.

Good luck with your journey and thank you for your support here.

Regards

Phil.

G/U....

G/U trade...

been a while since my last post.... here is why..

G/U trade…. Was supposed to be a continuation trade of the above trade (that is why no ‘watching’ post was given), this trade has lasted a long time (way too long.. for me), but I have managed to show here how the locking/flattening trade can also quickly get out of hand and snowball rapidly, I should of ‘offset’ some of the captured F/cap against some of the losing side as much as I could have along all the way to reduce my opposed risk exposure, I did not always do this to show the effects on the locked snowball and also to show that with enough capital, the correct management, mindset and experience we could actually continually trade and book good profits along the way for almost as long as we wanted too, I could of continued this trade but it has achieved a good view of how and what these parts of my strategies can be used for and blended together to create the never ending battle circle where you can have the slightly upper hand against your opponent, remember all that matters is the ‘state’ and its survival and enhancement ‘by any means’, there are no right or wrongs just moment by moment management to achieve your one and only goal (survival and profit).

Note….. if you refer back to my spiral drawing with the skew and price running through it, you will hopefully now see why the trade sizes are staggered as they are. It is at the beginning of this open account I am showing.

Unfortunately, the broker has reduced the leverage on this account now, so I can no longer us it to show any trades as it does not comply with my risk requirements to allow for my style of money management.

Before you start there are 53 screen shots in this trade set.




















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