Four Kids 2nd Journal

uj t2 closed 91.15, +75 pips, t3 still open

one lot for 360 exited. another lot running with 260 pips locked in.

3% risked for 7% a/c growth locked in. nice.

one lot closed at 100 pips, another lot moved to b/e. free trade now.

pending at 429, sl 439, 1st to 425, based on daily

Another good week as far as this journal goes, but I have blown my account, due to over trading, 1) scalping, and 2) trying other methods.

The trading in this journal has been profitable, and if I had of traded only what was in this journal I would be doing OK, but due to over trading, because of lack of discipline ( addicted in a bad way ), I have blown it.

I have knowing for a long time that this is my problem, but knowing it and getting on top of it are two different things. I do have the advantage of recognizing the problem so I know what to work on.

Before my first journal I knew this, and although I think journals are a bit egotistical, ( but most, if not all of us have egos ), I thought by making my trades public it would help ( force ) me to be disciplined, well it didn't.

Will put another $100 into the acc and carry on trading.

When I started typing this post it was with the intention of not posting any more trades, and keeping my own council while I try and sort out my discipline problem, but as I type this paragraph I have decided to keep posting my trades.

I know that if I trade only what I post I will make money, but can I ?, time will tell.

closed for 50 pips.

4k, very sorry to hear that. continue posting. it will enforce discipline.

ecad short 1.3035 sl 1.3120, t1 20 pips, t2 1.2860

echf short 1.4155 sl 1.4230 t1 20 pips, t2 1.4040

good to see you back. this time round, if you are scalping, do it in a separate account.

eurchf pending short at 411, sl at 4210

echf short 1.4156 sl 1.4230 t3 open

ecad t1 +20 pips, t2 sl moved to be

echf t1, t2 -75 pips each, t3 -74 pips

ecad t2 still open

I made a decision quite a while ago not to trade any chf pairs. I find the chf a bloody daft currency to trade, and here is the result of not sticking to that decision. So no more chf trades. I find it spikes much more often and many times larger than other currencies, and also does not follow any candle stick or chart patterns as regularly as other currencies.. Just my observation.

closed ecad t2 1.2904 +131 pips

Weekly round up:

echf t1 -75, t2 -75, t3 -74.

ecad t1 +20, t2 +131.

-73 pips for the week.

Start of week $100. End of week $100. To nearest dollar.

On the daily ecad chart I entered the trade at the close of the indicated candle.

On the four hour chart the price came back to the 1.3000 round number, four times after my initial entry. On two of these occasions I took more short trades. On one of them I made 30 pips, on the other I set the stop to be, when it was +60 pips, and went to bed. Woke up to find the trade had closed at be.

Neither of these trades were recorded in the journal. It was something I was experimenting with. I will do this in the future. When I do I will record them here in the journal.

gn sell 2.1266, sl 2.1440, t1 t2 t3 open

gn, t1 2.1210, t2 2.1020, t3 open

gn t1 +56 pips, t2, t3 stops moved to 2.1350

bit confused what system you are using now. is this still the ichimoku thingy?



[quote=Four Kids;3762784]


On the daily ecad chart I entered the trade at the close of the indicated candle.

ucad short 1.0490, t1 1.0460, t2 t3 open

ucad sl 1.0560