Journal for my Self-improvement | Page 13 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

GBP/USD

Similar Threads

Another Trading Journal - Yuhu's Journal 17 replies

Self-Analysis Trading Journal 4 replies

Another self honesty journal 116 replies

Dan's Self-Honesty Journal 110 replies

My Personal journal up 18% in 2 months going to start a journal 8 replies

Attachments: Journal for my Self-improvement
Exit Attachments

Journal for my Self-improvement

  • #241
  • Apr 19, 2023 12:19pm Apr 19, 2023 12:19pm
WIll add only if price closes above 2453.
Also instead of EJ I think AU is the best for me. I like how it moves and I have traded it before. If GU is flat and confusing I will stick to AU as a backup option.
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 165 KB
  • #242
  • Apr 19, 2023 7:20pm Apr 19, 2023 7:20pm
Closed for small loss on the retrace. Might take sell in fact. Weekly recap: -15-BE-16 = -31 for the week.
  • #243
  • Apr 20, 2023 6:16am Apr 20, 2023 6:16am
Sold here. I will buy if price closes above green zone
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 135 KB
  • #244
  • Apr 20, 2023 8:03am Apr 20, 2023 8:03am
Still holding coz 30 min doesnt close above 2455. But I had to close some positions to manage risk.
  • #245
  • Apr 20, 2023 9:25am Apr 20, 2023 9:25am
Stopped out -33 pips. weekly total -31-33 =-64 *8 = -512$
Market does give me something but I always expect more Idk why. 35 pips in a pair that has ADR of average 100 is not bad.
My TP skills and adding positions have to improve.
I have to move my stops after adding positions. But I cant just move anywhere it has to be the RS kink. I should keep this in mind next time.
  • #246
  • Apr 20, 2023 9:37am Apr 20, 2023 9:37am
Maybe one last trade possible.
Buy limit 2454.
Sell limit 2491 whichever gets triggered
  • #247
  • Apr 20, 2023 9:45am Apr 20, 2023 9:45am
Triggered
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 170 KB
  • #248
  • Apr 20, 2023 10:35am Apr 20, 2023 10:35am
closed it for breakeven.
  • #249
  • Apr 20, 2023 10:53am Apr 20, 2023 10:53am
Quoting alwaysloser
Stopped out -33 pips. weekly total -31-33 =-64 *8 = -512$ Market does give me something but I always expect more Idk why. 35 pips in a pair that has ADR of average 100 is not bad. My TP skills and adding positions have to improve. I have to move my stops after adding positions. But I cant just move anywhere it has to be the RS kink. I should keep this in mind next time.
Your trade was in profit of about 30 pips, but in the end this trade became a loss. That's bad. Every other decision would be a better choice. Small profit, BE.
Do you think add to position is a good option? I don't really understand how money management works. What are the triggers to add to the position? Have you tried to trade without adding to the position? It would be much easier to understand what you have to improve. What are the criteria to enter a trade? For the last 2 weeks can you give an example of a good trade and a bad trade?
  • #250
  • Apr 20, 2023 12:37pm Apr 20, 2023 12:37pm
Quoting BlaBlaFx
{quote} Your trade was in profit of about 30 pips, but in the end this trade became a loss. That's bad. Every other decision would be a better choice. Small profit, BE. Do you think add to position is a good option? I don't really understand how money management works. What are the triggers to add to the position? Have you tried to trade without adding to the position? It would be much easier to understand what you have to improve. What are the criteria to enter a trade? For the last 2 weeks can you give an example of a good trade and a bad trade?...
My idea is to scale in with one quarter of the position size which is 0.2 in my case and then wait for the market to show its hand. Then take retest entry after 30 min confirmation. When market doesnt comply I only lose quarter of position size and then when market comply then I make money with full position size. Very good in theory but you saw that this week I fail in practise.
Trade without adding to the position- I used to do this but just in case if I am not precise with my entries then the drawdown is high. That's why i started to scale in. This helped keep my losses small. But this week not working properly maybe because the size is too big for me and I cant control my emotions.
  • #251
  • Apr 20, 2023 12:50pm Apr 20, 2023 12:50pm
Quoting alwaysloser
Triggered{image}
This was a very good trade. My first and second position were aggressive entries at a good place right at the supply and then I added rest of the position after 30 min engulfed the bullish bar. It was late in the day so I did not hold on to the trade.
  • #252
  • Apr 20, 2023 12:57pm Apr 20, 2023 12:57pm
Quoting alwaysloser
One last buy for today. Market is whipsawing back and forth. Idk if it will work. {image}
this was for sure a bad trade because I should have waited a little more for better entry. I was not patient with the entry here. And late in the Asian session when price did start to turn I already wanted to get out of the position because of the stress of being in drawdown.
  • #253
  • Apr 20, 2023 10:28pm Apr 20, 2023 10:28pm
Plan for today:
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 108 KB
  • #254
  • Apr 21, 2023 2:18am Apr 21, 2023 2:18am
If first leg done then there is still 2nd leg continuation left. I think 2nd leg will start after the break of 2392. After that it should pullback slightly. Then continue even more
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 112 KB
So still not the time to cash out.
  • #255
  • Apr 21, 2023 2:36am Apr 21, 2023 2:36am
Closed some at the break. Perhaps i will add again on the pullback wick
  • #256
  • Apr 21, 2023 3:56am Apr 21, 2023 3:56am
Added some position but pullback may not be done. There maybe one or more pullback wick.
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 119 KB
  • #257
  • Apr 21, 2023 10:10am Apr 21, 2023 10:10am
Cashed out all the positions.
Third round of selling for me. Hoping market goes down one final time.
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 140 KB
  • #258
  • Apr 21, 2023 10:53am Apr 21, 2023 10:53am
I think I will add to loser position at 2429. I expect a wick there
  • #259
  • Apr 21, 2023 10:58am Apr 21, 2023 10:58am
Closed one bad position for -57$ to manage risk.
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 133 KB
  • #260
  • Apr 21, 2023 12:32pm Apr 21, 2023 12:32pm
Quoting alwaysloser
Closed one bad position for -57$ to manage risk. {image}
If start of a 2nd leg then price should breach the today's low today or next week. - scenario A
If this is a start of new upward momentum then price should reload at 2400. - scenario B

In any case I have to take partial profit at 2400 that's for sure. I might even offload whole position there as I dont intend to hold over the weekend.
If price keep moving up then I will hold over the weekend and get out at 2400 next week.
0 traders viewing now