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Mamutot's Trading Journal

  • #1
  • First Post: Aug 18, 2007 2:08pm Aug 18, 2007 2:08pm

Well, i thought i would start a journal for a simple reason - showing my trades taken to all of you guys would make me more carefull with the trades i take
since in the past week i made few that are prety much stupid!!

i am trading James16 Price Action style, with other stuff - i will try to do it with something else which i dont remember its name but it involves RSI14, hope to make some pips


my start balance:


3033.86


Equity:

3032.01

i am in 2 trades currently:

EURUSD Long - daily pinbar

USDCAD Long - monthly pinbar



i am trading with interbankfx, so i can trade microlots - i started with 2% risk, and moved to 1%, but i decided yesterday that when i see really good oppurtunities i will use up to 2%, most of the trades will be 1%



well - we start on monday ,actually tuesday because monday isnt a day i like trading


**everyone is wellcome to post their trades/comments/ideas/thoughts***






  • #2
  • Edited 1:42pm Aug 20, 2007 12:33pm | Edited 1:42pm
well

here is my 1st trade i made with this new thread

http://i19.tinypic.com/677mheb.gif


EURAUD - PB broke down , entered @ 1.6878 Sell stop - entered with 2% risk meaning 0.24 mini-lots.

SL - 1.7133 - a bit above the resistance line and above the latest 4h PB - i entered the trade after that PB formed

BTW - i am looking at InterBankFx charts - GMT+0

how is the trade going: it did well when i got back home - it was up 100 pips or so.
currently (20:30 GMT+2 - i am in Israel) it is ranging from 20-45 pips profit.

i will use MBQ11's trailing stop method - bar count, but i set my TP @ 1.6465 because it has been a crazy week for this pair and i don't want it to bounce of the resistance @ 1.6350 without me being arround - i won't be around for next couple of weeks - in October i will start following my trades more carefully and will also take 4h setups.

thats it for now - i will edit at the end of my day.



Edit1- couldn't wait but price is moving down really strong right now, currently i am @ 150ish pips profit.
  • #3
  • Aug 20, 2007 1:26pm Aug 20, 2007 1:26pm
Quoting mamutot
well

here is my 1st trade i made with this new thread

http://i19.tinypic.com/677mheb.gif


EURAUD - PB broke down , entered @ 1.6878 Sell stop - entered with 2% risk meaning 0.24 mini-lots.

SL - 1.7133 - a bit above the resistance line and above the latest 4h PB - i entered the trade after that PB formed

BTW - i am looking at InterBankFx charts - GMT+0

how is the trade going: it did well when i got back home - it was up 100 pips or so.
currently (20:30 GMT+2 - i am in Israel) it is ranging from 20-45 pips profit.

i will use MBQ11's trailing stop method - bar count, but i set my TP @ 1.6465 because it has been a crazy week for this pair and i don't want it to bounce of the resistance @ 1.6350 without me being arround - i won't be around for next couple of weeks - in October i will start following my trades more carefully and will also take 4h setups.

thats it for now - i will edit at the end of my day.
good luck, great trade mammoth! Raz
Never say never.
  • #4
  • Aug 20, 2007 1:29pm Aug 20, 2007 1:29pm
Quoting razldazl
good luck, great trade mammoth! Raz

thanks to Raz! the 1st to comment! weeeeyuuuu!!!


hope i will do fine!
  • #5
  • Aug 20, 2007 1:47pm Aug 20, 2007 1:47pm
Hey,

Great trade on EURAUD mamutot & congrats on starting your journal - I see you've been inspired by the james16 thread, in my humble opinion not a bad place to start.

Good luck with your trading & your journal

Kind Regards
Steve
  • #6
  • Aug 20, 2007 1:47pm Aug 20, 2007 1:47pm
good luck bud
  • #7
  • Aug 20, 2007 1:53pm Aug 20, 2007 1:53pm
Guys - I must say - i am Excited, thrilled, and on the verge of having a tear

thank you for encouraging me

That is awesome.


btw - the EURAUD is really a good one - i waited for it the whole past week.
  • #8
  • Aug 20, 2007 1:56pm Aug 20, 2007 1:56pm
Quoting mamutot
Guys - I must say - i am Excited, thrilled, and on the verge of having a tear

thank you for encouraging me

That is awesome.


btw - the EURAUD is really a good one - i waited for it the whole past week.
Haha,

Well, you did well - I entered short at 1.6921 & was stopped out for just 40 pips - I should've held on...

Kind Regards
Steve
  • #9
  • Aug 20, 2007 1:59pm Aug 20, 2007 1:59pm
Good luck w/ the journal.

It a great way to look back at your mistakes as well as keep track of your success.
  • #10
  • Aug 20, 2007 2:09pm Aug 20, 2007 2:09pm
Quoting turbokaos
Good luck w/ the journal.

It a great way to look back at your mistakes as well as keep track of your success.

thanks turbo



*i hope the thread won't be only thank you's and stuff but i'd rather be nice at the begining - isnt that so?
  • #11
  • Edited 2:38pm Aug 20, 2007 2:15pm | Edited 2:38pm
it is nice that you can have something else to support you trade in lower timeframe it gives us an Head & Shoulders pattern on the 15 min - I DONT TRADE THIS TF, i simply checked it and saw it - and smiled.. like that -



there it is:


http://i16.tinypic.com/4z3926u.gif


btw - does it count as H&S??? hahah - i don't really know...
  • #12
  • Aug 20, 2007 3:07pm Aug 20, 2007 3:07pm
I am putting a pending order on the EURUSD for several reasons:

Daily - I4B, Fib levels of 62 and 38, 150 EMA, and playing along with the PB formed on Friday.

there is also TBH on the 4h TF.

i will take this one only to the upside if it triggers with 1% risk

SL below the daily bar @ 1.3453 - the same stop as my PB trade

entry at - 1.3515 (spread + few pips of breakthrough)


size: 0.49 mini-lots
  • #13
  • Aug 20, 2007 8:09pm Aug 20, 2007 8:09pm
Good luck Mamutot.

I'll be keeping an eye on your journal.
It'll be nice to see the progression.

Tom
  • #14
  • Aug 21, 2007 5:01am Aug 21, 2007 5:01am
Quoting mamutot
I am putting a pending order on the EURUSD for several reasons:

Daily - I4B, Fib levels of 62 and 38, 150 EMA, and playing along with the PB formed on Friday.

there is also TBH on the 4h TF.

i will take this one only to the upside if it triggers with 1% risk

SL below the daily bar @ 1.3453 - the same stop as my PB trade

entry at - 1.3515 (spread + few pips of breakthrough)


size: 0.49 mini-lots
Hi Mamutot.
Congratulations on your log, i wish I had the time/guts to do the same.

I have a question about the S/L you specify for this trade. You siad earlier that you were using the MBQB11 2B exit strategy. Surely on a Daily chart this would put your S/L much much lower - unless you have a Sunday bar and are counting that as one. If you are including a Sunday bar, then I feel sure that you are NOT following MBQB11's strategy, since he always ignores Sunday Bars for PA. (Though I know he does sometimes use the Sunday open for a Gap trade).

Ian
  • #15
  • Aug 21, 2007 8:48am Aug 21, 2007 8:48am
Quoting ianf0ster
Hi Mamutot.
Congratulations on your log, i wish I had the time/guts to do the same.

I have a question about the S/L you specify for this trade. You siad earlier that you were using the MBQB11 2B exit strategy. Surely on a Daily chart this would put your S/L much much lower - unless you have a Sunday bar and are counting that as one. If you are including a Sunday bar, then I feel sure that you are NOT following MBQB11's strategy, since he always ignores Sunday Bars for PA. (Though I know he does sometimes use the Sunday open for a Gap trade).

Ian

Hey Ian

i am in short position that means that the red line beneath is my TP - just in case it goes mad, my SL is much above - in the support area 1.7133
i am using MB's bar count but i did put my sl in a reasonable position so my position size won't be too small - i will only move my SL after tomorrow's close - wednesday's close.

hope i answered you

btw - i don't cound sundays
  • #16
  • Aug 21, 2007 10:09am Aug 21, 2007 10:09am
here is an update of my trades:

EURAUD is still in buisness, though last night GMT+2 it was in a much better situation (200+ pips) it is now standing on about 20-40 pips range, but i am waiting for it to break through yesterday's low to be quiet, if it doesn't it will form an I4B, that i will go with also once broke to the downside.

image:
http://i10.tinypic.com/4ubi6g6.gif


EURUSD triggered but didn't make a breakthrough ( it stalled at the 1h ema's)
i am waiting for it to go through a resistance area i have on my chart, and if it will show any sign of exhaustion or breaking high i will move my stops on 4h basis - bar count, since it was also a TBH on the 4h .

image:

http://i12.tinypic.com/4plnx4o.gif




currently standing at:

EURAUD :15 pips

EURUSD : -29 pips
  • #17
  • Aug 22, 2007 8:46am Aug 22, 2007 8:46am
well

i woke this morning knowing that today will determine the direction of my trades - it is doing alright now that i got back home:


euraud : +150pips

eurusd: -29pips


the euraud broke through yesterday's ib but i didnt play the trade, i wasnt near, and eventhough i was watching it break it didn't do it sharply enough.

the eurusd takes a lot of time to do its move, but as i see it right now - it will go up until the end of the day - lets hope so.

an update will arrive when something important will happen or whenever i feel bored.

later
  • #18
  • Aug 22, 2007 1:08pm Aug 22, 2007 1:08pm
well the EURAUD is kinda in decisive - it is now at +70 pips, and i guess that tomorrow or till the end of the week it will provide me my expectations for this trade - about 3% profit.

EURUSD is going to the directio i thought it would - UP!!

it is now at about 20 pips profit - i think it will go much stronger tomorrow at the opening of the euro session - till then nothing special - maybe at the end of the day.


expecting about:

400 pips profit in the EURAUD

100 pips at fiber


hope that will come true..


http://i11.tinypic.com/5zqwmzl.gif

*** these are my TP levels - which if they get to very safe and slowly i would look more carefully for taking the profit there, but if they go through it very fast i would like it to go further - wouldnt anyone?





pipsummary:

EurAud: +70 pips
EurUsd: +20 pips
  • #19
  • Edited 4:20pm Aug 22, 2007 4:00pm | Edited 4:20pm
short update:

price is going in my favor for the time being, at least it does in the EURUSD - i am up about +30 pips , in the EURAUD i am up around +80 pips, but this one worries me a bit, it was down twice already and didnt continue, i am waiting for another day to close in order to move my SL - currently it stays.


i guess that if the eurusd will move fast enough tomorrow i will move my SL after the close of tomrrow - currently it stays at place.




EURAUD:


Entry @ 1.6878 - Sell

SL @ 1.7133

price is @ 1.6796


pips: 82



EURUSD:

Entry @ 1.3517 - Buy

SL @ 1.3447 ( i moved it few pips down since there was a 4h bar that was to close to my initial SL)

pips: 26






pipsummary:

82

26

-----

+108 (does it really matter?? - NO! )




***edit - euraud up to +130 pips, i dont know what happenned but who cares.

eurusd is waiting for the 1.3545 to break. ( up 26 pips)
  • #20
  • Aug 22, 2007 7:07pm Aug 22, 2007 7:07pm
day ended up like this:


euraud : +150

eurusd : +30



expectations for tomorrow -

euraud : another 100-130 pips

eurusd: eithr IB or going to get 80 more pips.


night
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