okay my first trading journal.

as i have bad habit of not recording my trades, and while im not trading, or waiting for setups, i spend a lot of time on FF reading and flaming and getting flamed and receiving infractions, i thoguht why not bring both of the best worlds.

Journal Begun Dec 17, 2007

Updated Track Record on Dec 21,2007 (goodbye all bcketshops....):

Total Pips to Date (yes pips r useless!): +54

Winning Trades: 1
Losing Trades: 3
Total Closed Trades : 4

Total Profitability: 25.00%

All trades are in geppy (GBP/JPY) only.

How I trade:

1. S&R (include trendlines)
2. Geppy
3. Take advantage of sessions!
4. Yesterday's HLC
5. Pending orders. Always.

No indicators.


MM:

VaR per trade: 1%
Max trades allowed per day: 2


DISCLAIMER: By viewing the contents of this message board thread, you fully understand and agree that financial loss or damage incurred to you by following my trades, advices in this mesage board thread, the author cannot be held responsible. Forex trading comes with certain level of risks make sure you know what you are doing!

Pending LONG order @ 228.71.

SL: 228.21
TP: 229.71


Pending SHORT order @ 227.60
Trailing 40 pip stop. 228.00

closed short for 6 pip loss.

long order still pending.

increased my stoploss threshold +10 pips up from previous 40 pips.

pending short @ 225.92
SL: 226.42
TP: 223.92

pending long @ 227.63
SL: 227.13
TP: 228.33

cancelled long pending order.


short order's stop loss moved to 225.92 for breakeven.

TP is 224.92


going to bed.

Take Profit @ 224.92 was hit yielding 100 points.

Funny was the fact that prices headed down to original take profit @ 223.92.

Reason I moved was mistakenly I saw a spinning top forming, and I got scared.

Also, I was getting very emotional I was monitoring myself.

When a trade is open, I will measure the level of emotion.

Out of 5.

1 - being unemotional, neutral, banal, my ultimate goal.
3 - being somewhat involved emotionally, my usual range.
5 - ZOMG ZOMG ZOMG ZOMG ! (maybe good or bad...hopefully good)

Pending LONG order @ 225.00

SL: 224.50
TP: 226.12

Pending SHORT order @ 223.40

SL: 222.90
TP: 220.00


Emoness: will feel emo when positions triggered. (great thing about pending order)

Long Order SL triggered @ 224.50

-50 pips


Emoness: 3.5/5 (Lesson: this is what happens when you deviate from your own rules by impatience)

Pending LONG order @ 226.70

SL: 226.10
TP: 229.60

Pending SHORT order @ 225.28

SL: 225.78
TP: 224.00

closed SHORT @ 225.37

for -9 pips...

looks like the ugly spreads are here to stay, no more trades at leas ttill they lower it again.
emoness: surprisingly low....1/5