pete.alfa journal | Page 2 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Pete and Marty's thread 1 reply

Pete's Psychology thread 8 replies

My trading dairy (Pete) 2 replies

Pete's Forex Trading Journal 80 replies

Pete's Journal 78 replies

Attachments: pete.alfa journal
Exit Attachments

pete.alfa journal

  • #21
  • Oct 28, 2009 8:18pm Oct 28, 2009 8:18pm
my new idea have just come out

NOTE:- TO CHOOSE SIDE ENTRY LONG OR SHORT

1. USING DAILY TIME FRAME FOR 123 & RH PATTERN TO CHOOSE SIDE FOR ENTRY?
2. DAILY CHART - TREND LINE & PRICE PATTERN
  • #22
  • Oct 31, 2009 4:58am Oct 31, 2009 4:58am
Trade 30-10-09

EU Short P/L +48pips

1. long 2 lot +4pips
2. short 1 lot +3pips
3. short 1 lot then the trend turned against me then I had to rescue which was sucessful.

LESSON: 1.Entry should be done at S/R level
2. Rescue should be done at S/R level
NOTE: THE LONGER LEG IS ALSO GOING TO BE A LONG CORRECTION so the better chance for rescue
3. Next time after entry should plan for rescue - drawing s/r line
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eu.jpg Size: 122 KB
Click to Enlarge Name: eu2.jpg Size: 192 KB
  • #23
  • Edited Nov 1, 2009 4:18am Oct 31, 2009 7:31am | Edited Nov 1, 2009 4:18am
Quoting pete.alfa
Trade 30-10-09


LESSON: 1.Entry should be done at S/R level
2. Rescue should be done at S/R level
NOTE: THE LONGER LEG IS ALSO GOING TO BE A LONG CORRECTION so the better chance for rescue
3. Next time after entry should plan for rescue - drawing s/r line
hey pete,

watch and trade price action at S/R levels .... see if they hold or break??? try to feel if a break is stops triggered or a switch in trend?
to me, this is good for entry.

i think rescuing on these levels is risky and how higher the TF the higher the risk. imho. this is because rescuing is a one way action and anything can happen.
these could be the levels where the brave seniors flip/turn on the wind???

i hope you are enjoying a nice weekend.

greets pax
even with my eyes open i cannot see everything
  • #24
  • Nov 2, 2009 2:46am Nov 2, 2009 2:46am
hey pete ,
checking ur journal here ,
I feel that u r affected by any small movement against ur initial position ,
maybe ur scout is too large for ur risk appetite,
try halving the current scout size , see if u r more rational about it ...
u need to get comfortable first and not affected by the market movement to make good decisions in rescue or attack,
after good experience in a comfortable zone , expand it by moving slowly into the uncomfortable zone by increasing ur scout step by step ...

hope it helps
To Live is the rarest thing in the world , Most people exist , that is all
  • #25
  • Nov 3, 2009 7:18pm Nov 3, 2009 7:18pm
3-11-09

EU PL +22 pips relaxed but have to quited early bos time was up if not I might gain more pips.

LESSON: 1. using trending for at least 30pips with entry HH & HL
2. using TTE with 12ema(confirm) for adding position.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eu1.jpg Size: 135 KB
Click to Enlarge Name: 3-11.JPG Size: 145 KB
  • #26
  • Nov 7, 2009 3:54am Nov 7, 2009 3:54am
trade 6-11-09

EU PL +7.95pips

UJ PL +621.54pips Due to lucky I got caught during news annoucement. This was not the way I should close before news announcement I was lucky enough it went to my way if it went opposite I would lose a lot of money.

LESSON: 1. May be I have to change my style - no more rescue unless I lost big big pips more than 15pips.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 6-11-09.jpg Size: 188 KB
Click to Enlarge Name: eu.jpg Size: 165 KB
Click to Enlarge Name: uj.jpg Size: 183 KB
  • #27
  • Nov 7, 2009 7:14pm Nov 7, 2009 7:14pm
Quoting maheswara
hey pete ,
checking ur journal here ,
I feel that u r affected by any small movement against ur initial position ,
maybe ur scout is too large for ur risk appetite,
try halving the current scout size , see if u r more rational about it ...
u need to get comfortable first and not affected by the market movement to make good decisions in rescue or attack,
after good experience in a comfortable zone , expand it by moving slowly into the uncomfortable zone by increasing ur scout step by step ...

hope it helps
Thanks Maheswara I'll try that.
  • #28
  • Nov 20, 2009 5:25pm Nov 20, 2009 5:25pm
Been busy for the past week

Anyway today is friday so I finished a bit early. but the result came out if I finished a bit late I could make more pips
Attached Image (click to enlarge)
Click to Enlarge Name: 20-11-09.jpg Size: 188 KB
  • #29
  • Nov 21, 2009 6:30pm Nov 21, 2009 6:30pm
trade 20-11-09

Please refer to previous post for bias direction.

Trading time 1 1/2 hrs

EU lost $5.64 GU won $18.88 so still gained 13.24

LESSON: Problem with attack have to solve?
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gu 20-11-09.JPG Size: 136 KB
Click to Enlarge Name: eu 20-11-09.JPG Size: 143 KB
  • #30
  • Nov 28, 2009 8:01pm Nov 28, 2009 8:01pm
Trade fri27-10-09 PL $5.29

Lesson: this friday was the most important lesson I learned

1. EU & GU indicated S/L levels The analize were wrong should went for long instead of short cos the prices were at resistance levels even though Daily & 1H & 15m & 5m biased south. Look at the first chart.

2. UJ should take it easy follow PA & exited line levels as in the chart
3. enter scout at cd leg & check at ef leg
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 27-11-09.jpg Size: 179 KB
Click to Enlarge Name: abcdef.jpg Size: 12 KB
Click to Enlarge Name: eu27.jpg Size: 174 KB
Click to Enlarge Name: gu27.jpg Size: 175 KB
Click to Enlarge Name: uj27.jpg Size: 172 KB
  • #31
  • Dec 1, 2009 7:30pm Dec 1, 2009 7:30pm
trade 1-12-09

Total PL $4.16 trading time 1 1/2 hrs

EU there is a limit at resistance level I traded very carefully.
GU Daily was in range mode 1H reversed 5m&15m N.

Lessons: 1.Have to study more about TTE & lawof charts.
2. study Exit levels & also learn how to handle stress & hold emotion.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 1-12-09.jpg Size: 208 KB
Click to Enlarge Name: eu 1-12.JPG Size: 140 KB
Click to Enlarge Name: gu 1-12.JPG Size: 138 KB
  • #32
  • Dec 5, 2009 8:43am Dec 5, 2009 8:43am
Hi. Here is a chart of the GBP trades from last Thursday. Sorry about all the fib levels, trend lines, etc. There are three trades in this mess, each going for 40 pips or so. I do not use the limit/stop function on my trading station until I am well into the trade, and I will add a stop or limit when I believe it is time to limit exposure and/or settle for some profits on a run. The vertical lines show where entry was made with date and time (CST USA). I also left the entry/stop/limit lines on the chart, and to see where these price levels are in relations to trend lines, fibs, S/R, etc. I am trading PA with crutches of TA but when the trade is on, I am nearly totally focused on PA. Hope you can find some use in this messy chart -- LOL.
Attached Image (click to enlarge)
Click to Enlarge Name: gbp.gif Size: 22 KB
  • #33
  • Dec 5, 2009 6:17pm Dec 5, 2009 6:17pm
Trade friday 4-12-09

Today the trade were not good I couldn't concentrate due to answering corresponsed to the thread next time I will not do that if not I'll make heap $$$$
And alos today friday inside bars
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gu 1.JPG Size: 138 KB
Click to Enlarge Name: eu.JPG Size: 136 KB
  • #34
  • Dec 15, 2009 6:30am Dec 15, 2009 6:30am
Trade Tue 15-12-09 PL $61.67 trading time 1 1/2 hrs

EU shorted +$79.38 exited early bcos worried about demand line

GU shorted -$17.71 exited early to news coming
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 15-12-09.jpg Size: 202 KB
Click to Enlarge Name: eu 15.jpg Size: 168 KB
Click to Enlarge Name: gu 15.jpg Size: 166 KB
  • #35
  • Dec 19, 2009 2:56am Dec 19, 2009 2:56am
trade fri 18-12-09

EU PL $1.00

Lesson: 1. always look at the left for entry
2. Now changing style for entry by using supply & demand & taking prices movement (speed) for consideration.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eu.JPG Size: 150 KB
Click to Enlarge Name: untitled.JPG Size: 159 KB
  • #36
  • Last Post: Feb 26, 2010 3:52am Feb 26, 2010 3:52am
Test

http://www.electrolegal.com/forum/vi...t=152&start=26
0 traders viewing now