Precision Trading - My Journey to Consistency (GBPUSD & US30)

Hello fellow traders,

After a few years, I'm officially back here in FF to share my trading journey with everyone. I've been trading on my own for a while now without noise such as social media and without following other traders. Just kept practicing on my own and executing on my own.

Since I've been very quiet, I think this is very boring trading without interacting with others. So, I've been thinking if I can just start to give value to other traders, I think this will make my trading more exciting and beneficial.

I've been thinking if I will start a thread here on Trading Journals or on Trading Systems but I would want to give this a try first here. If I can stay consistently profitable on this journal by just posting my before and after trades for a year or two. Then that's the time I will share my approach so others can learn from it and benefit from my trading style.

I learned from another trader too before and I just kept practising and modifying the basics that I've learned until I was able to master my strategy.

So, without further ado, I am posting my 1st ever-public trade here on ForexFactory that I took yesterday (January 18, 2024) on US30.

Before:


After:

Attached Image (click to enlarge)

Actual Trade on my MT5 Terminal:


My Results as of Jan 19, 2024(based on Risk-Reward Ratio):
# of trade/s - 1
Win/s - 1
Loss/es - 0
Total - 3R


My trading strategy is very simple and easy to do. But all I can say for now is this is all price action trading with no whatever fancy indicator. Just a naked chart and proper risk management will get you to succeed in trading. I am starting to share my trades here in public without cherry-picking my trades. I will post the before and after starting on the next post that I will trade. I will post the before once my trade is running so everything will be real-time since everything here is time-stamped. So, even my losing trades, I will make sure to post here because this is the purpose of my journal, so I can hold myself accountable and just make sure to only enter on my best trading setups only. If I took a loss, doesn't matter, that's part of the game that we are in. My edge on this is I only take trades with a minimum of 3R. So even if I only have a 50% win rate. If there's a total of 10 trades and I lose 5 trades, I will only be down -5R and still be up +15R (5 trades with 3R each) and that will be a total of +10R (+15R - -5R = +10R) still because I have a target of 3R.


That's it for now, and I hope you guys will benefit from this.
Just stay tuned because once I can achieve consistency here after a year or two, I will be glad to share my secret here so I can also help other beginner traders.
For now, I don't want to share how I do it because I want to prove here first that my trading strategy will work first so I will feel worthy enough to teach and possibly share my signal/trade explorer or even probably start a copy trading account for everyone to profit with me as well.

P.S. I am not able to edit my subject anymore, so, as of Jan 31, 2024,

I've decided to get rid of GBPUSD, Nikkei and EURJPY.

Moving forward, I will just stick with trading and focusing on ONE PAIR which is Dow Jones or US30

And now after writing my previous message, I've got a setup right away. So, here's my 2nd trade:

Shorting #US30 now on London Session w/ a target of 4R again.

Before:


After:


Actual Trade on my MT5 Terminal:


My Results as of Jan 19, 2024(based on Risk-Reward Ratio):
# of trade/s - 2
Win/s - 1
Loss/es - 1
Total - 2R

I was "with you all the way," until you said that.

And am still wishing you well, but with no optimism at all (sorry!) as retail traders cannot possibly become steadily profitable with an "R" of 3+.

Thanks for your honest @Quickly. Appreciate it. But the minimum 3R is one of my criteria if I will take the trade or not. If the projected target is below 3R, then I will just skip that trade and just look for another opportunity and be patient.

We all have different opinions and I respect what you believe. If you believe traders cannot possibly be profitable steadily with a 3R+, then that's up to you. I respect and accept your beliefs. If you can be profitable with 1R or 2R on a consistent basis, then that's great for you. Stick with that and best of luck! (with full optimism from me)

Active trade for today's trading session.


Buying the Nikkei (JP225) with 2 buys added to have a tighter stop on my 2nd entry.
With 3R and 6R on the same target level to possibly get a total of 9R for today.

Another active trade for today's session:

Follow-up buy order from my yesterday's trade.
This is the 3rd buy order with the same target level that also gave me a 3R opportunity. Happened very quickly.

I was able to hit the buy target right away after a few minutes. This is a reply to my post on thread #5 & #6.

Before:
1st and 2nd trades from yesterday:

3rd trade from this morning:



After:

Left a lot of money on the table after the price went way past higher on my profit target. But that's okay. No room for greed in this business.



Actual Trade on my MT5 Terminal:



My Results as of Jan 23, 2024(based on Risk-Reward Ratio):
# of trade/s - 2 + 3 = 5
Win/s - 1 + 3 = 4
Loss/es - 1
Total - 2R + 3R + 6R + 3R =14R

Active trade for today's London trading session.

Selling GBPUSD on 15M timeframe since price went to my sell zone.
Trying to target a whopping 14R this time but will still trail my stop loss just in case so we can possibly milk out the possible profits that market will give and protect our position at the same time just in case price went opposite.

I was able to not hit the sell target and just got stopped out on my trailing stop. So was able to just bag a 3R on this trade instead of my 14R target

Before:




After:




Actual Trade on my MT5 Terminal:


My Results as of Jan 23, 2024(based on Risk-Reward Ratio):
# of trade/s - 5 + 1 = 6
Win/s - 4 + 1 = 5
Loss/es - 1
Total - 14R + 3R =17R

Active trade for today's trading session.


Buying the GBPUSD on quick 15M for 3R target.

Update: Got stopped out from yesterday's trade on -1R. Losing is part of the game. What matters most is if I win, I win BIG....

Before:


After:



Actual Trade on my MT5 Terminal:



My Results as of Jan 23, 2024(based on Risk-Reward Ratio):
# of trade/s - 6+ 1 = 7
Win/s - 5
Loss/es - 1 + 1 = 2
Total - 17R - 1R =16R

Active trade for today's trading on the Asian Session


I am buying the US30 for the breakout continuation on the 15M chart for a 3R target.

2nd Active trade for today's trading on the Asian Session


I am buying the EURJPY as well for the breakout reversal on the 15M chart for a 3R target.

Update: I got stopped out from EURJPY buy trade on -1R... Momentum to the downside continues...

Before:





After:




Actual Trade on my MT5 Terminal:






My Results as of Jan 30, 2024(based on Risk-Reward Ratio):
# of trade/s - 7 + 1 = 8
Win/s - 5
Loss/es - 2 + 1 = 3
Total - 16R - 1R =15R

3rd Active trade for today's trading on the Asian Session


I am selling the EURJPY this time to follow the HTF trend and just targeting a decent 3R.

Update: I got stopped from US30 buy trade on -1R... Thinking that price may continue higher instead.
But most likely, price will need to retrace first for now and that is why I am going to wait now for the price to go to my buy zones now instead of trading the breakout, will trade later for the pullback once I get a confirmation that price will be ready to go up again from lower timeframe price action.


Before:


After:


Actual Trade on my MT5 Terminal:




My Results as of Jan 30, 2024(based on Risk-Reward Ratio):
# of trades: 8 + 1 = 9
Wins: 5
Losses: 3 + 1 = 4
Total: 15R - 1R =14R

Update: I got stopped from EJ's sell trade on -1R... Even though the HTF is downwards and we have a market structure broken down. The price still decided to go up.

Before:


After:


Actual Trade on my MT5 Terminal:


My Results as of Jan 30, 2024(based on Risk-Reward Ratio):
# of trades: 9 + 1 = 10
Wins: 5
Losses: 4 + 1 = 5
Total: 14R - 1R =13R

NO ACTIVE TRADES for NOW...

I've decided to get rid of GBPUSD, Nikkei and EURJPY.

Will just stick with trading and focusing on ONE PAIR which is Dow Jones or US30

Active trade running for today's trading on the Asian Session


I am buying the Dow this time to follow the HTF trend and just targeting a decent 4R because we might see a retracement now after the hard fall on the FOMC news last night.

UPDATE: I've moved my SL a bit down to give a little breathing room and not be stopped out prematurely.

I will be discontinuing this thread and will resume my journal on this even better one because I've added my trade explorer for full transparency this time and without the need to always do a progress report of each trade I take and my plan including before and after which is actually tiring before:

You may visit my new journal moving forward here -

Taking my $50 account to Consistency & Prosperity w/ 1,000 Trades