Kloysters Žurnál

Hi All, I'm trying to trade in a similar fashion like JanPec1000 in his thread Market bottom rotation trading, which I highly recommend to visit.
I'm creating this journal to push myself into trading higher quality setups. I will post here all my trades.
I hope that peer pressure coming from a fact that everyone can see my trades will push me into more disciplined trading.
cTrader is not supported here for the trade explorer widget, so here is a link to myfx accounts...

Pullback leg with medium strong momentum prior setup but with nice pushing upwards. Price took last HH with nice strenght, I wanted to enter right when high was engulfed but price didnt retraced so I had to wait. I entered on limit but retrospectively i was not the best move. Shelf was made and I should enter after shelf was taken or on confirmation which would come later, because price was nicely rejected on the flip. Price went against me and I exited with -0,7R. Second entry was in perfect place and time. This setup resulted in +0,7R
Notes:
If there is a consolidation/shelf established after takeout, then wait for engulf of a shelf or confirmation in a shelf. It isnt that efective to wait with limit order under the shelf.

Flop of the day USDDKK. Wanted to enter with 4 lots but the market wasnt deep enough and my limit order wasnt filled when price was right on the spot. So I entered 4X1lot without taking out my limit order. Price moved against me and I had 2x larger position than I wanted. This wasn't an A grade so I should enter with smaller size. Now I was in with double regular size. In such situation I should reduce position immediately without waiting on BE situation... -2.3R
Notes:
When position isn't appropriate, then cut it immediately.
If trading illiquid asset, enter in 1lot sizes, it results in better position filling

Everything was OK. +1.4R

good joob! I will follow you like I have been doing with JanPec1000

Cool mate!

This EURCAD trade was a good play, only trouble happend with bigger size, but I currently almost eliminated that issue.

This EU play wasn't badly managed. I waited for retrace right on the flip, but better approach would be to enter on the edge of proven shelf or in a proven retrace. Taking limit order would be alright if we had better space for move up or if the third leg had deeper retrace. Now the structure was consolidating and limit o. wasn't best move.