Darren's Trade Journal

Don't ask for my system.

I'm making myself track all of my trades to become more consistent and at a minimum document what I'm thinking.

-The first few will be demo..then I'll get back to posting live account results...I can't wait to get back to $50.00 Pips!

Goal:

Make 300 Pips per week

Pairs: GJ/UCAD/EG/UJ/EU

NEW RULE UPDATE: "Exiting"

-Avoid losses by using an EMERGENCY EXIT STRAT (see -161 pip loss on UCAD trade)

EMERGENCY EXIT:

No Matter WHAT- Always exit a trade when the Stoch lines go in the opposite direction of your trade. The closer they get in the opposite direction of your trade the LESS money you will make.

If you let the Stoch lines reverse...you've blown it. Example Given: -161 pips after failing to take a profit of 25 pips literally as the Stoch lines were going the OPPOSITE direction of my trade.

-Eureka!

Short UCAD

1. Red Candle Switch, but it was before/on the Stoch cross.
2. Waited a few candles to get some downward pressure but since it's odd hours for UCAD It's choppy.

- Entered Short @ 1.0735

May have been too early and it might not pan out...

Possibly wait for further sloping of confirmation stoch

I didn't make this trade as I was still finishing up this system.

330+ pips Right Now

Entry @ 1700 GMT Close of the Candle (White Vert Line)

Attachment ---------
Well that was a bad way to start off.

I knew when I posted the trade that there wasn't enough downward pressure on the stoch. I should have listened to my own thought process.

Currently the trade is -161 pips... definitely a bad trade.

In the future I will wait for more sloping/convincing down side on the stoch lines before entering.

UPDATE////////////////////////

This bad trade (actually it was decent albeit small trade, that I let get bad) was the direct result of not paying attention to the Stoch lines...WHICH are the only guide for tracking a trade.

As they flattened out I should have become alarmed...and then exited when the stoch lines neared crossing...which would have netted me @ 25 pips.

Will wait and see if the Stoch lines can make their way up combined with a blue candle.

This one was easy...coming off of a low stoch cross with northward pointing stoch lines PLUS separation (Clear) between the K/D lines.

After some off hours consolidation it took off.

Update... coming soon

Current trade I'm in.

Update @ 1900... now +52 pips

We will have to wait and see.

See chart for explanation...I'll post updates later in the day.

-Darren

See chart for explanation

I should not have made this trade...Fridays are DEAD slow and to choppy.

It was a PERFECT setup though!!!!!

That EU trade sucked...

Lesson Learned...all I need is M-Th

See chart for notes

See chart for notes

Right now...see chart.


UPDATE... Currently +65 pips

Locked in 30 pip profit with new SL

Added a 20 pip Trailing Stop

+59 pips. Up 79 at one point.

My real acct by the way...can't wait to get back into 50.00 pips!

My goal is to never let a winner turn into a loser.

I will never be greedy.

Nice to know you can avoid the bad ones.

Had to wake up on alert for this one...it's in PRIME TIME.

We'll see

///////UPDATE////////

So that SUCKED! I lost 550.00 on this one.

My bad for not paying attention to the news...there were 3 major GBP news releases within 1 hour of my entry...all 3 outperformed the expected results.

So my entry was still good, solid and exact (in fact I was up 28 pips before it went -150 against me)

---FRUSTRATED---

When messing with GJ...which is bouncing around like crazy!

Damn...could of easily made +40 on UCAD

Dont forget the lesson learned here.

Greed kills