Shazbot trading Journal

My Trading Journal
Im back into trading after a significant break and will note my trades here each day.
Notes on my trading and recording
All times are GMT
I use fibbonnaci, macD, REI, RSI and moving averages as my main indicators.
I use timeframes of 15, 3 and 1 min
I use 3 min for scalpel trades (approx 1 min - 10min trades
I use 15 min on longer trades (15min - 1 hour)
I am normally in and out of my trades within 5 - 15 mins
I trade 4 days a week and wont trade more than 4 trades in one session
My training is through fxmeduction in Australia

This journal is a declaration of my trading. It keeps me disciplined and aids in self confidence for trading.
I will not pass on information taught to me by fxmeducation.

Wednesday 20th August 2008

Trade 1
Currency GBP/USD
Trade type - scalpel

Entered long 9:21 on 3 minute candle at 18595
Exited 9:30 at 18631
Result + 36 pips

Trade management
I watched 3 min for my exit, drew a trend line on the rise. If any candle had opened below the blue moving average I would have exited if combined with a drop in Mac D and dip below my 3 min trend line.
Exit Reason
Price on 3 min chart hit the pivot line and the pink moving average. Black and pink REI up high and turnng downwards. Price hit Pink MA on 15 min chart too. Also announcement could lead to volatility.
Chose to lock in profit

Trade 2
Currency GBP/USD
Trade type - scalpel

Entered short 10:59 on 1 minute candle at 18564
Exited 11:01 at 18554
Result + 10 pips

Trade management
Entered after watching cross on pink and yellow moving average on both 2 and 1 min. High position of pink REI and Red RSI on 2 min chart. I min chart RSI and REI heading down and also watched announcement which went against GDP. Note I often use 2 min chart when scalping as I find it gives accurate results on such short trades.
Exit Reason
Indicators on 1 min heading upwards, stall in downward price, Not confidnet that long term it will continue going short as 3 min indicators are low and Mac d is not favoring a short trend. Locked in profit.

Daily total +46 pips

Running score
Winning Trades 2
Losing Trades 0
Total trades 2

Thursday 21st August 2008

Trade 1
Currency GBP/USD
Trade type - short term trade

Entered long 6:51 on 1 minute candle at 18634
Exited 7:04 at 18654
Result + 20 pips

Trade management
Watched 3 min chart for signs that the candle stays above the blue moving average. It did open slightly under at 7:00 but the 1 min candle was strong and black rsi stayed above yellow on 3 min and quickly went back above on 1 min.
Mac D on both lower level charts looked good too.
Exit reason
Spinning top on 1 min chart
Price close to pink moving average on 15 min chart which is sign of retracement.
Chose to lock in profit for first trade of day

Daily total thus far +20 pips

Running score
Winning Trades 3
Losing Trades 0
Total trades 3


Trade 2
Currency GBP/USD
Trade type - short term trade

Entered long 7:22 on 1 minute candle at 18650
Exited 7:42 at 18690
Result + 40 pips

Trade management
Watched 3 min chart for signs that the candle stays above the blue moving average. It did againt dip down but but it recoverd quickly and with the drop in price on the 7:33 candle the REi did not drop down low, or indicate to me that I was looking for a set up in the opposite direction - which is a sign for me to exit.
mac D on 3 min while historgram went down the two lines stayed the same distance as did 1 min. they also kept going in direction of long trade.
15 stayed strong. Price had been today stalling on 78% fib line and when it kept going past it looked strong to keep going. It then went past 100% and touched Pink moving average and resistance line.
I thought price might sit around the resistance line or the 100% and that was my stop loss 19684 if it got that low again.
Exit reason
Cross on mac d lines on 1 min and 3 min also confirmed as it was going down too. On 3 min drop in price, REI, RSi black going under yellow and red crossed down into lower sector of chart.
Chose to lock in profit.

Daily total thus far +60 pips

Running score
Winning Trades 4
Losing Trades 0
Total trades 4

Trade 3
Entered another trade before the 9:30 announcement, had trouble with IG Platform, lost charts, but did mange +56 pips.
Will not enter any more details as I was trading blind using an inferior chart with a time lag on my mac so will not celebrate this trade but will record it.
A note, I hit F5 to refresh the screen on IG and it took 3 times for it to work. Note keep the dealer number nearby, I have a post it note stuck on my screen. I rang but by the time they got to me it was too late and I had the ticket up and had exited anyway.

Daily total thus far +116 pips

Running score
Winning Trades 5
Losing Trades 0
Total trades 5

Friday 22nd August, 2008


Currency GBP/USD
Trade type - scalp
Entered 15:59 18584 short
Exited 16:03 18528
Result + 56

Trade management
I was using 1 and 3 min chart. Watched REI and RSI and I thought support would come from pivot point at 18533 so chose to get out when it crossed that.
Exit reason
Crossed the support line and as there had not been much movement for a while chose to lock in profit.

Daily total +56 pips

Running Score
Winning trades 6
Losing trades 0
Total trades 6

Wednesday 27th August, 2008

Trade 1
Currency GBP/USD
Trade type - scalp
Entered 09:04 18440 long
Exited 09:08 18452
Result + 12

Trade management
Was watching 3 min chart to look for price going below blue Moving average or candle which might signify reversal which would see me exit. I was anticipating the trade would go t M3 at 18459 and was prepared to exit there and take profit.

Exit reason
Husband came home with kids and I was distracted, so locked in profit.

Running Score
Winning trades 7
Losing trades 0
Total trades 7

Trade 2
Currency GBP/USD
Trade type - scalp
Entered 11:11 18445 long
Exited 11:26 18482
Pips +37

Trade management
pink and yellow moving average crossed. Pink REI was low and then moved up higher all bunched. mac d Crossed (all on 3 min).
When Pink REi and Red RSi was in overbought area that was a signal to get out.
Exit reason
Price hit pink moving average. No real sign of a strong trend tonite. No news till later so locked in profit.

Running Score
Winning trades 8
Losing trades 0
Total trades 8

Trade 3
Currency GBP/USD
Trade type - scalp
Entered 11:45 18883 short
Exited 11:58 18461
Result +18

Trade management
The 11:44 1 min candle was an signal to look for entry with 11:45 3 min doing the same. REi on 3 min had been p high and crossed down lower as did RSI.
Exit reason
Was happy with this many pips against current trend so took it. Sometimes 15 min changeover can move in either direction too. I think there is more in the down movement but took it

Running Score
Winning trades 9
Losing trades 0
Total trades 9

Trade 4
Currency GBP/USD
Trade type - scalp
Entered 13:30 18457 short
Exited 13:37 18434
Result +23

Trade management
I was watching the 1 min in relation to the announcment and as the REI and RSI were high went with a short trade. Two news announcements and was willing to risk the trade. Had a stop of 18477.
Announement 1 came out and no 2 was slow so went with 1 min chart for reaction rather than 3. Made choice to take 20 pips anyway if it went back on me.
Exit reason
Trading on announcements I dont hang in there too long Use 1 and 3 min rei and rsi as a guide
also long tail on 3 in candle and red rsi heading up too.

Total for tonite +87

Running Score
Winning trades 10
Losing trades 0
Total trades 10
Monthly pips +305

Thursday September 4th, 2008

Firstly, have not traded last week, I’ve been managing my health and my kids health.

Currency GBP/USD
Trade type - Edge
Entered 6:57 17755 long
Exited 7:15 17796
Result +41

Trade management
Classic Freeman Edge trade. First I was using 15 min chart. Mac d crossing, histogram heading north, RSi black over yellow and pointing up, all rei is bunched and heading up too. Everything lined up on 1 and 3 min chart mirroring the 15 min and this is my favorite kind of trade. I know that even though I am in for 10 pips, there is a good chance of getting more out of it.

Exit reason
I normally exit when candle opens under MA5 on 3 min but got out on candle before, there had been downward pressure on candles on 3 min and was happy to take profit, as is, the next candle did open under Ma5.
Total for tonite + 41

A note, I often don’t trade as much on NFP week as the market can do things that don’t work with the indicators I use, but this is an example of trust indicators and don’t let your thoughts rule your trading.

If I did one of these trades 2 times a week, that would keep me a happy trader.
Better than scalping anyday!

Running Score
Winning trades 11
Losing trades 0
Total trades 11

Monthly pips +41

Friday 5th Sept

Currency GBP/USD
Trade type - Edge
Entered 14:59 17730 short
Exited 15:34 17660
Result +70

Trade management
Firstly candles on all charts indicate downward pressure.
MA2 crossed down trhough MA8 REi all sitting up ghigh which is a set up for going short
Price above pivot line. Mac D trigger line cross and histogram heading down.
Managing the trade I watched on 15 and 3 min, The 15 min candles were all red and strong.

Exit reason
3 min Rei hit down low MA2 heading back up. RSi and histogram starting t head back up too.
Lock on profit and take pips. Think it might go further tonite but happy with pips
Total for tonite + 70


Running Score
Winning trades 12
Losing trades 0
Total trades 12

Monthly pips +111

Hey Goddess,

Looks like your enjoying yourself again, keep up the good work.

I shocked a couple of the guy's with the modifications to the scaple, let me know when we can get together so we can talk.

Cheers

P.S

Give your man a hug for me.

Tuesday September 9th, 2008

Currency GBP/USD
Trade type - Edge
Entered 09:33 17547 long
Exited 10:48 17627
Result +80

Trade Entry Reason
Another Classic Freeman Edge trade.
Looking at 15 min chart could see a triangle which it looked like price was going to knock out through the top.
Hot spots were trend line, edge of triangle itself, fib line.
15 min chart mirrored the 3 min - I love that.
RSi black over yellow and all pointing up and in position
Mac D trigger line cross on Mac D line
histogram heading gaining strength
rei is bunched and heading up too for long trade.
Moving average 8 and 2 crossed.

I loved the bunching of REI and RSI on the 3 min chart!

Trade management
It was a long trade for me, I don’t normally stay in for this long but there was no real reason to get out and I ran a trailing stop loss.

Exit reason
Watched the 3 min chart and this was the first time there was corss on Mac D, REI and RSi as well Moving average 2 and 8 crossed.

Total for tonite + 80

Note I did one more trade Friday night and fell asleep so managed to get out break even. Have added this to the count but lesson there. Don’t trade when too tired or with a comfy pillow behind you.

Running Score
Winning trades 13
Losing trades 0
Break even trade 1
Total trades 14

Monthly pips 191