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Another self honesty journal

  • #1
  • First Post: Edited Feb 5, 2011 11:25am May 13, 2010 8:11am | Edited Feb 5, 2011 11:25am
Performance summary from 19-Jan-11 to 29-Jan-11.....Ended up +15.83% with a win ratio of 37%.

Summary from 29-Jan-11 to 04-Feb-11.....Down 9.4% on Touch trading account and 1.35% on speculation trade account. Win ratio 19% and 28% respectively.

Touch trading account

Speculation trading account

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  • #2
  • May 13, 2010 11:25am May 13, 2010 11:25am
I have some opened trades going on but i'll start here with new ones.Ok I am stopped out on my oil shorts. but I saw it coming I would've like to take profit at 73 but it just changed direction too early. There is nice Divg on daily and I am gonna take that 4h Boub.
  • #3
  • May 13, 2010 1:29pm May 13, 2010 1:29pm
Subscribed and i wish you good luck nasir.

I am still learning hard to figure out.


Good luck
  • #4
  • May 13, 2010 5:10pm May 13, 2010 5:10pm
Quoting nasir.khan
I trade mainly the J16 method and some other aggressive techniques i have learnt (learning) from other senior members.

I have a real big problem regarding my Psych(Discipline, Patience) so i am starting this journal to be accountable for my decision and to analyze better my mistakes.

Rules:

PA above 4H

Touch trades with at least 3 confluence factors (one of them must be a PPZ)

TL touches with PPZ's

Breakouts with keeping an eye on PPZ and BRN's.

Risk:

2%-3% on a singe trade until i am on DEMO.

I have couple failed journals previously but...
Hi Nasir,
Good luck with your trading and thread.It is always nice read your posts.
  • #5
  • May 13, 2010 7:16pm May 13, 2010 7:16pm
Quoting nasir.khan
I trade mainly the J16 method and some other aggressive techniques i have learnt (learning) from other senior members.

I have a real big problem regarding my Psych(Discipline, Patience) so i am starting this journal to be accountable for my decision and to analyze better my mistakes.

Rules:

PA above 4H

Touch trades with at least 3 confluence factors (one of them must be a PPZ)

TL touches with PPZ's

Breakouts with keeping an eye on PPZ and BRN's.

Risk:

2%-3% on a singe trade until i am on DEMO.

I have couple failed journals previously...
Just curious, do you not trade P and V at all? Its pretty easy, especially with trend, more room for error.
I like your new addition of rules. I have a lot of rules too. I feel like with defined rules, and lots of testing of them, I am more confident to trade, and more confident in long term success. Without them, I don't trust myself to generate profits for many years.
Good luck, I wish you the best, and happy to be able to subscribe here
  • #6
  • May 13, 2010 11:51pm May 13, 2010 11:51pm
hey thanks everyone.

@ Jlr : The last rule will cover PV trades.
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  • #7
  • May 14, 2010 12:33am May 14, 2010 12:33am
As i said i would take that BUOB at oil 4H.

Buob din't broke so there was no trade. But then it came down to PPZ @ 74.50 and i thought ok it is good entry with a reduced stop (got greedy maybe).

Actually i was trading from the mobile so dint check the 1h and when saw there was this PB in 1h. Then got out at a small loss.

73 is very interesting for a long.
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  • #8
  • May 14, 2010 12:45am May 14, 2010 12:45am
Ok here is a PV (breakout) trade of a BRN, FIB and PPZ.
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  • #9
  • May 14, 2010 12:56am May 14, 2010 12:56am
Daily PIN, also qualifies for PV trade.

Stop below the PPZ.
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  • #10
  • May 14, 2010 1:33am May 14, 2010 1:33am
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  • #11
  • May 14, 2010 2:34am May 14, 2010 2:34am
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  • #12
  • May 14, 2010 2:39am May 14, 2010 2:39am
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  • #13
  • May 14, 2010 2:41am May 14, 2010 2:41am
goodluck Nasir with your thread
hope u dnt mind if i pop in once in a while
many pips
Simplicity is the key to success
  • #14
  • May 14, 2010 2:51am May 14, 2010 2:51am
Good luck with the journal Nasir...you have been busy this morning!

At a quick glance I'm with you in a good chunk of these trades too.

Be cheering for Pakistan later
  • #15
  • May 14, 2010 3:06am May 14, 2010 3:06am
Quoting squeezy
goodluck Nasir with your thread
hope u dnt mind if i pop in once in a while
many pips
No problem Squeezy,.... anytime.

You'r a good friend.
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  • #16
  • May 14, 2010 3:15am May 14, 2010 3:15am
Quoting lovejoy80
Good luck with the journal Nasir...you have been busy this morning!

At a quick glance I'm with you in a good chunk of these trades too.

Be cheering for Pakistan later
Thanks LJ.

I don't think so Pakistan have a good chance but who knows.
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  • #17
  • May 14, 2010 3:18am May 14, 2010 3:18am
Closed all trades on GJ,GU and EU,EJ. not feeling well about being short near resistance.
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  • #18
  • May 14, 2010 5:17am May 14, 2010 5:17am
Quoting nasir.khan
As i said i would take that BUOB at oil 4H.

Buob din't broke so there was no trade. But then it came down to PPZ @ 74.50 and i thought ok it is good entry with a reduced stop (got greedy maybe).

Actually i was trading from the mobile so dint check the 1h and when saw there was this PB in 1h. Then got out at a small loss.

73 is very interesting for a long.
.

Stopped out on Gold and Closed my Oil shorts.

Got long on oil as i said before.
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  • #19
  • May 14, 2010 7:44am May 14, 2010 7:44am
I was busy with the office work so did't got a chance to do this.

I broke my rules on GJ trade.

There is Divg and 61.8% but there is no third confluence factor. I pulled the trigger cause of Dow hitting the resistance and also a good setup on GU.

But rules are rules so i am not happy wimma self.
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  • #20
  • May 14, 2010 8:04am May 14, 2010 8:04am
Quoting nasir.khan
I was busy with the office work so did't got a chance to do this.

I broke my rules on GJ trade.

There is Divg and 61.8% but there is no third confluence factor. I pulled the trigger cause of Dow hitting the resistance and also a good setup on GU.

But rules are rules so i am not happy wimma self.
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Were you able to stop and reverse on live like you do it on demo? Just like that, without a blink of an eye?
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