The SM Trading Journal | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Another Trading Journal - Yuhu's Journal 17 replies

Twitch Journal - Live Journal 4 replies

Creating my Trading Plan + My Trading Journal 27 replies

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

Azzity's Trading Journal III (Azzity's 3/30 Trading Method) 9 replies

Attachments: The SM Trading Journal
Exit Attachments

The SM Trading Journal

  • #1
  • First Post: Mar 2, 2008 3:52am Mar 2, 2008 3:52am
I am going to try and keep a journal of my new trading method based on a new indicator I have developed that I call The Sacred Mug. I have been a software engineer for over twenty years and when I saw the impressive results that the Neural Network EA had in the EA competition I decided to spend a few months developing own indicator based on these concepts. I think I have finally come up with something that shows great promise. Backtests are very good and my live trading last week was spectacular but I am guessing any system did great last week with the huge moves.

I feel that time spent at price levels to be the most important factor in predicting where price will go and so tried to base my logic on this relationship and came up with an indicator that I hope will predict where where price is going. I have only trained the indicator for GPY/YEN so far and plan on doing GPB/USD, EUR/YEN and USD/CAD in the next couple of weeks.

I have discovered what I think are two incredibly safe entries, one long and one short, that get at least 100 pips every time. Plus two riskier entries that require a larger SL that signal tops and bottoms and can generate hundreds of pips.

I will attempt to post my real-time trades here as I make them but this week I am doing some travelling so I am not sure how much trading I will get in. Anyway here is a picture of what my chart looks like:
Attached Image (click to enlarge)
Click to Enlarge Name: mug3.gif Size: 42 KB
  • #2
  • Mar 3, 2008 7:05am Mar 3, 2008 7:05am
I got a signal to go long on GBP/YEN at 9:00 GMT bar. Long at 204.17. Up 50 so far.
  • #3
  • Mar 3, 2008 12:47pm Mar 3, 2008 12:47pm
Sacred Mug indicator says this move still has a way to go so take half profit at 100 and set SL to BE on rest and let it go.
  • #4
  • Mar 4, 2008 12:51am Mar 4, 2008 12:51am
Currently at 205.60 and the Sacred Mug indicator shows it should get at least 100 more pips.
  • #5
  • Mar 5, 2008 10:48am Mar 5, 2008 10:48am
Set SL at 206.60 for remaining lots. Currently at 207.60 but Sacred Mug looks like it is getting ready to signal an exit and possible short signal.
  • #6
  • Mar 5, 2008 4:20pm Mar 5, 2008 4:20pm
Quoting kavorca
I got a signal to go long on GBP/YEN at 9:00 GMT bar. Long at 204.17. Up 50 so far.
Exit last half of original lots at 207.17 for 300 pips.

No trade signal for Sacred Mug currentlly. Expect short signal soon.
  • #7
  • Mar 5, 2008 9:07pm Mar 5, 2008 9:07pm
The Sacred Mug Indicator has given a sell signal. I am short GBP/YEN at 206.80.
Attached Image (click to enlarge)
Click to Enlarge Name: mug4.gif Size: 36 KB
  • #8
  • Mar 7, 2008 3:21am Mar 7, 2008 3:21am
The Sacred Mug has done it again. This trade now up 130 pips. I will now take half of the lots profit and trail the rest with 100 TS. I am getting more confident everyday that I have discovered my "Holy Grail".
  • #9
  • Mar 7, 2008 10:10am Mar 7, 2008 10:10am
Hi can you share with us your indicator please or it is only for your private us?Thanks
P.s. Sorry for my bad english.
  • #10
  • Mar 8, 2008 6:10am Mar 8, 2008 6:10am
I will probably post it in the future after I have thouroughly tested it. I don't want anyone trading based on it if I find out it loses more than it wins.
  • #11
  • Mar 8, 2008 8:27am Mar 8, 2008 8:27am
Thanks a lot.
Quoting kavorca
I will probably post it in the future after I have thouroughly tested it. I don't want anyone trading based on it if I find out it loses more than it wins.
  • #12
  • Mar 8, 2008 9:42am Mar 8, 2008 9:42am
Quoting kavorca
I will probably post it in the future after I have thouroughly tested it. I don't want anyone trading based on it if I find out it loses more than it wins.
Hi Kavorca,

Good Journal. I'm on board.


More Pips To You,


Fxhadji
  • #13
  • Mar 9, 2008 1:19am Mar 9, 2008 1:19am
I have been thinking about this all weekend and I don't think I will be posting my indicator, at least for a couple of months.

My reasons are:

1. Because so many people don't learn how to trade forex the first thing they do when someone posts a method for making good trades is to immediately post "Someone make an EA!" (a perfect example is the OZ strategy). Well I want nothing to do with an EA and I certainly don't want my system to be used in one without my permission.

2. And probably more importantly to me is that I believe I have come up with something great and I would be foolish to give it away without exploring all my options.

So for the next couple of months I plan on training this indicator for other pairs and testing. I will make my trade calls here as much as I can.
  • #14
  • Mar 10, 2008 2:15pm Mar 10, 2008 2:15pm
Quoting kavorca
I have been thinking about this all weekend and I don't think I will be posting my indicator, at least for a couple of months.

My reasons are:

1. Because so many people don't learn how to trade forex the first thing they do when someone posts a method for making good trades is to immediately post "Someone make an EA!" (a perfect example is the OZ strategy). Well I want nothing to do with an EA and I certainly don't want my system to be used in one without my permission.

2. And probably more importantly to me is that I believe I have come up with something great and I would be foolish to give it away without exploring all my options.

So for the next couple of months I plan on training this indicator for other pairs and testing. I will make my trade calls here as much as I can.
Hi Kavorca,

Good for you Man.
You finally have something great with your Indicator.

Two months is a long way to wait. But we can stay with...

More pips and Good Luck,


Fxhadji
I PMed you Bro.
  • #15
  • Mar 10, 2008 3:11pm Mar 10, 2008 3:11pm
Quoting leledc
Hi can you share with us your indicator please or it is only for your private us?Thanks
P.s. Sorry for my bad english.
Hi Leledc,

Try the attached indicator, It's or almost the same.

Try to play with the Inputs Parameter and you might get same.

Just trying to help,

Fxhadji
Attached Image (click to enlarge)
Click to Enlarge Name: mug_33.GIF Size: 42 KB
Attached File(s)
File Type: ex4 SMI.ex4   4 KB | 543 downloads
File Type: tpl sm trading - kavorca.tpl   5 KB | 491 downloads
  • #16
  • Mar 11, 2008 2:15am Mar 11, 2008 2:15am
The SMI Indicator has nothing to do with my indicator. That is a stochastic based indicator while my own indicator I designed based on Artificial Intelligence Theories using time as the major factor in determining price movements. But if you wish to convince yourself that they are the same or even similar be my guest but don't blame me if you lose your account.

I am currently testing with EUR/USD to see if my indicator will work with a less volatile pair.
  • #17
  • Mar 11, 2008 5:28am Mar 11, 2008 5:28am
Quoting kavorca
The SMI Indicator has nothing to do with my indicator. That is a stochastic based indicator while my own indicator I designed based on Artificial Intelligence Theories using time as the major factor in determining price movements. But if you wish to convince yourself that they are the same or even similar be my guest but don't blame me if you lose your account.

I am currently testing with EUR/USD to see if my indicator will work with a less volatile pair.
Hello Kavorca,

Sorry, my BAD.
You are right, SMI has nothing similar with your Indicator.

I am just trying to find a little way for a simple descent living with Forex.
But it's completely difficult to convince a Good Trader to share their Edge.

Thanks To Your Enlightment,

Fxhadji(@yahoo.com)
  • #18
  • Mar 11, 2008 12:32pm Mar 11, 2008 12:32pm
Quoting FxHadji
Hello Kavorca,

Sorry, my BAD.
You are right, SMI has nothing similar with your Indicator.

I am just trying to find a little way for a simple descent living with Forex.
But it's completely difficult to convince a Good Trader to share their Edge.

Thanks To Your Enlightment,

Fxhadji(@yahoo.com)
If you want to make some money follow the OZ system on the trading systems forum. It is a simple and good method to jump on board a strong trend.

My indicator gets me in trades earlier than the OZ system but once I am in a trade I will check the OZ indicators to see if the trade will continue in my direction.
  • #19
  • Mar 11, 2008 2:59pm Mar 11, 2008 2:59pm
Quoting kavorca
If you want to make some money follow the OZ system on the trading systems forum. It is a simple and good method to jump on board a strong trend.

My indicator gets me in trades earlier than the OZ system but once I am in a trade I will check the OZ indicators to see if the trade will continue in my direction.
Hi Kavorca,

Again my Thanks to You.
Could you post or Email me the Template and Indicators you are
using in OZ System...

Of course in any case if you don't mind me asking your SM Indicator.
If this would happen... This will be the best Charity I could receive, I and my family will be Grateful.

May God Bless You Always,

fxhadji
[email protected]
  • #20
  • Mar 12, 2008 2:53am Mar 12, 2008 2:53am
Quoting FxHadji
Hi Kavorca,

Again my Thanks to You.
Could you post or Email me the Template and Indicators you are
using in OZ System...

Of course in any case if you don't mind me asking your SM Indicator.
If this would happen... This will be the best Charity I could receive, I and my family will be Grateful.

May God Bless You Always,

fxhadji
[email protected]

Just follow the trading advice outlined in the first post on this thread

http://www.forexfactory.com/showthread.php?t=63635

and you will make money.
0 traders viewing now