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onetarmizifx journal - my way to become consistence trader

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  • #1
  • First Post: Aug 29, 2020 11:06am Aug 29, 2020 11:06am
This journal is intended to record all my fx trading activities. I have been trading quite some time, however never recorded.

I will concentrate on one pair which is the GBPJPY as my favorite pair. I will trade in mixed style intraday and swing trading.

Trading Plan:
1. Refer multi-time frames start from Daily-M1.
2. Check the main trend at Daily and H4 TF.
3. If the price or CS above SMA10 (H4 TF), trend is up and find an opportunity to buy.
4. If the price or CS below SMA10 (H4 TF), trend is down and find an opportunity to sell.
5. Analysis price momentum to identify strong and weakness of the market.
6. Using MACD to identify divergence for potential market reverse.
7. Using BB as well to identify market is trending or sideway.

Money management:
1. Position sizing margin level around 1000% for account leverage 1:500.

Risk management:
1. Risk reward ratio at least 1:2.
2. Cut loss quickly if positions are wrong.

Goal/Target:
1. Gain 100%/month as a base target.
2. To be consistent every month.

Emotion/Psychology:
1. Keep calm and patience.
2. Avoid angry.
3. Accept loss and accept when I am wrong.
4. Remain discipline

Will start to post when the markets open next Monday.
All my detailed activities can be referred to my trade explorer.
Attached Image (click to enlarge)
Click to Enlarge Name: 1.jpg Size: 154 KB
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  • #2
  • Aug 29, 2020 11:18am Aug 29, 2020 11:18am
extremly good
Insanityoing same ting over expecting different results..Einstein
  • #3
  • Aug 29, 2020 2:48pm Aug 29, 2020 2:48pm
Subscribed intersting good luck in the future also
  • #4
  • Aug 29, 2020 2:53pm Aug 29, 2020 2:53pm
You trade only GJ if yes may i know why?
  • #5
  • Aug 30, 2020 10:59pm Aug 30, 2020 10:59pm
Quoting mizi123
You trade only GJ if yes may i know why?
Hi before this I was traded many instruments but I was realized I cannot focus and maybe not suitable for me. So I decided to select only 1 pair to focus on. Why the GBPJPY? because for me this pair is volatile and giving enough opportunity to take advantage to get sufficient pips.
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  • #6
  • Aug 30, 2020 11:06pm Aug 30, 2020 11:06pm
All the positions still floating and I am currently holding. Based on daily chart, I'm believe the GBPJPY still uptrend. This is my personal view and do not be influenced to your view and analysis.

Attached Image (click to enlarge)
Click to Enlarge Name: 2020-08-31 1.jpg Size: 146 KB
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  • #7
  • Aug 31, 2020 9:43am Aug 31, 2020 9:43am
Quoting onetarmizi
All the positions still floating and I am currently holding. Based on daily chart, I'm believe the GBPJPY still uptrend. This is my personal view and do not be influenced to your view and analysis. {image}
Running profit 60pips now. Still holding the positions.
Attached Image (click to enlarge)
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  • #8
  • Edited 6:24pm Aug 31, 2020 1:09pm | Edited 6:24pm
All previous positions have been closed. Re-entry new positions with TP at FE 100%. Today GJ very respect at FE 61.8 then retrace.
Attached Image (click to enlarge)
Click to Enlarge Name: GJ 2020-09-01 .jpg Size: 179 KB
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  • #9
  • Sep 1, 2020 6:09am Sep 1, 2020 6:09am
Quoting onetarmizi
All previous positions have been closed. Re-entry new positions with TP at FE 100%. Today GJ very respect at FE 61.8 then retrace. {image}
All positions have been closed.
However GBPJPY still climbing higher
Attached Image (click to enlarge)
Click to Enlarge Name: Annotation 2020-09-01 2.jpg Size: 194 KB
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  • #10
  • Sep 1, 2020 6:24am Sep 1, 2020 6:24am
Hi. Fellow malaysian here. May i request you open another octafx copy trading account for smaller amounts to follow 1.1 equally pls? Maybe $100 or something like that?

Although we can follow proportional for your main account, but we may MC our accounts during DD due to different equity in our accounts.

Hopefully you can consider this?
  • #11
  • Sep 1, 2020 7:33am Sep 1, 2020 7:33am
Quoting plateau
Hi. Fellow malaysian here. May i request you open another octafx copy trading account for smaller amounts to follow 1.1 equally pls? Maybe $100 or something like that? Although we can follow proportional for your main account, but we may MC our accounts during DD due to different equity in our accounts. Hopefully you can consider this?
Hi mate. Thanks for your suggestion. Will consider it.
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  • #12
  • Sep 1, 2020 7:42am Sep 1, 2020 7:42am
Quoting onetarmizi
{quote} Hi mate. Thanks for your suggestion. Will consider it.
As'salam. Thanks for your consideration. I think that you'll get more copiers if you have a smaller account.

Also another suggestion is that you may do weekly or bi-weekly resets for the smaller account. Meaning taking out profits and starting again at $100 or $200 for example. Provided positions were closed of course. Maybe for the smaller account you can consider this. I see some MT's doing this and they have lots of copiers.
  • #13
  • Sep 1, 2020 9:33am Sep 1, 2020 9:33am
Quoting plateau
{quote} As'salam. Thanks for your consideration. I think that you'll get more copiers if you have a smaller account. Also another suggestion is that you may do weekly or bi-weekly resets for the smaller account. Meaning taking out profits and starting again at $100 or $200 for example. Provided positions were closed of course. Maybe for the smaller account you can consider this. I see some MT's doing this and they have lots of copiers.
Thanks and good idea.
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  • #14
  • Sep 5, 2020 5:11am Sep 5, 2020 5:11am
Hi sir, I'm from singapura. Where do you place your stop losses?
  • #15
  • Sep 7, 2020 4:13am Sep 7, 2020 4:13am
Quoting maccoy255
Hi sir, I'm from singapura. Where do you place your stop losses?
Normally 50pips SL. Sometimes when I monitor I did not put SL. Will cut loss manually.
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  • #16
  • Sep 7, 2020 8:34am Sep 7, 2020 8:34am
Today all positions have been closed including last week positions.
Currently waiting for the next entry.
Attached Image (click to enlarge)
Click to Enlarge Name: Annotation 2020-09-07 Mlm.jpg Size: 203 KB
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  • #17
  • Sep 10, 2020 10:00am Sep 10, 2020 10:00am
Still hold all positions.
Attached Image (click to enlarge)
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  • #18
  • Sep 10, 2020 6:49pm Sep 10, 2020 6:49pm
All positions have been closed with gain 83%.

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  • #19
  • Sep 10, 2020 8:01pm Sep 10, 2020 8:01pm
Subscribed
excellent stuff!
  • #20
  • Sep 10, 2020 8:17pm Sep 10, 2020 8:17pm
Quoting Pixie666
Subscribed excellent stuff!
Thanks mate. Everyday is a learning process for me to become consistent trader. It was took already 14 years journey. Along the way very hard time for me.
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