Warnsoft Journal

Hi everybody, i've decided to create a journal in FF too, let's see what advantages can give this decision..!

I'm currently trading differents accounts, there are my last 2 months stats:

http://www.myfxbook.com/members/warnsoft/warnsoft/462

But now, let's think to future.

I cannot call trades in "live", because most of my trades havn't a sl or a tp, i just decide during the trade if it's time to close or not, some ones have a lenght of 1 minute (min), some others of 1 or 2 days (max), and i cannot loose time writing posts while trading especially when scalping.

I will post instead a summary of each week, some analysis, etc.
For this week i'm up 12%, i will post a summary of it in the weekend.

Well, what to say.. i anticipate my thanks to everybody who will spend some of his precious time reading my posts and my analyses

Happy Trading!

hi tunera .. its look nice!!

hope your future like the past and best.

good luck man !!

Well, another week is going to finish, i'm flat and stopped trading for this week.

Results are not bad, just a calm week, +18.89%.

Wish a good weekend to everybody, and a thank you very much WedWed for your nice words

Ok, the second week of september is finished, i'm flat now and end trading for this week.

Currently a nice trading week, little number of trades but all good ones, like a sniper.

Stats:

July: +100.3%
August: +79.2%

September:
Week 1: +18.89%
Week 2: +20.1%

Total September: 38.9%

Let's see what happen next week..!

Nice returns ! Wish you all the best forward in your trading.

Great job T.

For how long have you been experiencing this kind of success?

Hi Aediaz1 thanks for your words, wish the same for you

Tnx Leonlorenzo, i'm glad to see you back in FF

I'm doing this well trading from some months, so maybe it's still soon to "sing victory", but let's see if the good work continue also in future, i'm very curious about it too!

Ok, another week has been finished.

This week i've slightly changed my trading style from intraday-scalping to medium-term one, but results was not soo good at all, i will come back to my intraday-style from next week, this last one anyway ended as a profit one, also if the profit is very very low.. 2,5%.

GL in your journey. Cheers!

Great results tunera, care to explain your intraday scalping strategies?

Tnx, well there is not much to say about my strategy, i trade naked (no indicators or moving averages, i just use support-resistance), the market have 3 different situations:


1) impulsive waves

2) retraces

3) exaustion waves (overbought-oversold)


I try to enter when retraces waves stop their run and trend is resumed, and sometime i enter in overbought-oversold areas (in the trend direction).

When i try to enter some overbought-oversold areas countertrend i got blamed most of the time, but i do also average and this let me end in profit also when i make some mistake.

I never enter my full position all together, always 1/3 of the position in the first signal, if things go bad i have other 2 bullets to shot that let me end in profit most of the time, usually also when things go very bad (when retrace become a new impulse wave) i shot my last bullets at the end of this wave, and close all at the new sup-res (the new retrace), then reverse.
Market is very ripetitive and it always give a chance to get out in profit, the key is not be greedy and go with the flow.

I see..
where did u learn about these? (your trading education, basis of your strategy, etc)
would love to see analyses/charts next time.
Good luck on your journey!

Hello, 4° September trading week has been finished, results are good so far: +8.97%

Stats:

July: +100.3%
August: +79.2%

September:
Week 1: +18.89%
Week 2: +20.1%
Week 3: +2.5%
Week 4: +8.97%

Total September: +50.77%

September is not yet finsihed, however next trading week will end in October, so the results will be included in October stats. I could say that September trading month has been finished with a +50.77% return, that's not bad at all, hard month this one compared to the previous ones.

Let's see what happen in October!

Thank you for reading

Hello, thank you for posting.

I've learned these things from looking the market, right now it work like this:

1) impulsive wave

2) retrace

3) retrace of the retrace

4) a or b (it depend from market partecipants)
4a) trend resume
4b) trend reverse

Now, on a strong trend it's easy, impulsive wave, retrace, trend resume, money!!!
But 50% of the time situation get a little more complicated, the retrace is infact a impulsive wave on a different dimensional fractal, so when retrace "a" finish and price come back in direction of trend, it's now on retrace "b" (the retrace of the retrace). At this point, price can make a triangle until it decide if resume the maintrend or continue the "trend-retrace", or it can ignore the "retrace of retrace" and continue in the original trend direction wiping out all the ones who had bet on the retrace-continuation, or it can find new fuel on the retrace of the retrace, and resume the retrace direction with new buyers-sellers (reverse), the important thing is that when this happen (reverse) market usually make a big retrace of the new impulsive wave, letting the ones who bet on the trend-continuation exit on profit (of course they have to average a little at the end of new impulsive wave).

Anyway, i hope to not have confused nobody, this is why market is called "random" from many people, but the randomness have it's own rules and explaination, that's why trading profitably is still possible.

But please excuseme for this mole of information, and let's start with some clear examples, in this chart there was no "reverse", every of these signals end with a trend continuation (and when trend continue nobody can say for how much, that's another problem of trading).

Now, analize this eurusd 15m chart of last 2 days, we had an impulsive downwave without any sign of resume for the last upwave (good for us! now we know that we have to sell on new resistances).

The first wave is the blue one (blue box), the first blue box show the impulse wave from top to bottom.

now, at a certain point i made another blue box, it is the resistance, the area where we need to sell as soon as price start to go down, and infact there is a good trend continuation (profit!).

Now, the next box is the violet, the first one show the impulse wave from top to bottom (this impulse wave is the expasion wave of the blue box (multidimensional fractal geometry uh?).

We see the second vilet box, is the area where we should look for sells (retrace of violet wave), and we see price goed down from there again.

What happen then, price started to go up (blue wave and violet wave now are part of the past, but it still remain the yellow one to be completed, anyway.. let's continue).

Price go up to reach the resistance point of yellow big wave, the point where we will have to sell! and it come! at this point we can sell for a yellow-wave continuation. But what happen, price start to fall and reach the second orange box, that is in fact the new support of the previous up-move wave (the wave that let price reach yellow-box resistance), at this point we would look to buy.. and infact price start to go up again, completing the retrace, and entering again in the yellow box.

Again, good point to sell! And right now price is ready to go down again, the next yellow-expansion move will also be a new impulsive wave of a next blue-box, etc.

It looks easy but in fact it's much complex because of the multidimensional fact, in this picture i just putted a limited number of boxes otherwise the pic would be very hard to understand, but if i should put all the boxes of every "dimension" the chart would be full of boxes and nobody would be able to understand nothing anymore. Also, i trade this strategy on 1-5 min chart, and i usually go to take 10-30 pips. Next post will show my trades of today.

I've just opened the 1m chart, founded a good short opportunity on eurjpy, entered short on the new resistance, then closed my trades on the new support of the retrace-support (i didn't waited for the down-trend to be resumed, because sometime trends are not resumed, instead price reverse touching the new wave support-resistance), but i was just looking for a fast profit without any complication. (2.5%!)

Hello, the first october trading week has been finished, well this was a great week, great market and great trades, ending it with a +53.55%!

Stats:

July: +100.3%
August: +79.2%
September: +50.77%
1° week October: +53.55%

Total Return: +283.7%

Hi,

Are you trading with real capital?

Not yet

What a great journal! Not quite sure I understand your method, but I would keep reading.

May I ask what kind of MM you use (risk per trade, etc.)?
You had a rather sharp draw down in July, what happened?

Hello, thank you for reading, well my MM is nothing of fixed, i've not a fixed % of risk per trade, not a fixed lotsize/capital, etc..
In some trades i risk not more then 1% of my capital, in other trades i risk 10-15%, it depend on how i see it, if i'm very sure about what market is doing i can make mutiple entries and risk from 5 to 15% (totally), instead when situation looks a little confusing or not 100% sure, i can enter the market with very caution and risk 0,5-1% (totally), every trade is a unique one!

On July i was risking the weekly profit on a set of trades, got stopped out and loosed soo much. (then i re-enter after soon i realized my stoploss was not on a correct place, and resumed the initial positions.. and covered the losses).