Iak Trading journal

Hi, welcome to my trading journal. This journal is going to be a bit messy im affraid. I am looking for a trading method that suits my personality. its gunna change every now and then! I was and may return to trading the bbsqeeze method but am now working on something more simple. This first post will keep you up to date with whats happening on the last post.

current method: magix nolag method

Trades:1
Won:
Lost:
BE:1

OK, bbsqeeze set up forming to go long. we got ema cross and a green light to go. just need a retrace to 8ema now. order at the ready

And we are off......
5pip stop loss. no take profit set

How it looks on my oanda screen

Trade 1: out for -5pips.


would have been tempted to re enter or move my SL before journal so im happy that it is already making me more disiplined.

Short trade setting up......

5 pip risk

....just moved to BE as price got to +10 pips

whats up buddy?
just saw your journal.
good luck with that..
Regards
sho

Hi Sho, thanks for taking a look at my journal. I am using the BBsqeeze set up but i credit how i now try to manage my trades to you my friend. hope you are well.

yeh i am good.will visit sometime your thread.

dont forget support and reistant to use with that.this is main thing you should look for while trading.
here you go some charts from my thread they might help you a bit.
its from our trading section Zone attack.

good luck buddy

Trade 2: out at BE

ok, will try and incorporate this. thankyou for the charts. Great stuff!

Poss long setting up......

................Trade 3. Long. missed the first pull back due to no green light. shame as it then moved nicely. have entered further up on a small pull back. Not quite reached 8ema but looking like it wants to get going so given it a slightly bigger SL of 10 pipis.
.................IAK stick to the rules.!!! price moved straight down to the 8ema which wld have given me a better entry. must be more disiplined!!

...Trade at BE
...SL moved to lock in +7pips. SL moved to just below the next pull back in price. +20 available at mo.

...OK Closed trade for +20pips. was going to try and ride it harder but price looking like it stalling somewhat and +20 is a nice amount.

This was what trade 3 looked like.



You can see that it turned out to be a good decision to get out the trade at +20 as price then fell sharply. That will do me for today. I am up by 15pips after 3 trades so i am happy with that. Hopefully will get another day soon to get on the charts again.

Trade 4:

-10pips. set up was there for the short but prob too close to the 1.30 news.

Trade 5

Gone long on bbsqeeze signal. 5pip sl

Out for +15pips. not too happy with how i managed these last 2 trades. the first i should have stayed away from as it was news time. this last one i didnt give much chance to develop. having said that i do feel price is too high at the moment and will fall soon- giving a nice signal first hopefully!

Divergence. poss big drop coming?



A drop happened but didnt end up with a good enough signal. That will do me for today. Just the two trades today. Trade 1 was -10 pips and trade 2 was for +15 pips. Not the most exciting of days but at least i finished in slight profit. if i had got into the trade at 9am this morn i cld have made 100pips!! never mind. The main thing is i didnt do anything too stupid today. Came close though!! This diary def making me think more about what i am doing.

Trade 6: out for -8pips. set up there but prob was too early on a fri. price quite jumpy.

Trade 7: Short @1.23778.
Currently at BE.
Had a SL to start of ten pips. price got close to 8ema so took position. then price rose up to 21 ema but SL not hit. price then fell rapidly. currently at +10 pips. Price still a bit sketchy at mo so not too sure about this one hence the BE.

Trade 7: out @BE
Trade 8: out for -10pips. Poor disipline here as there was no green dot on chart. paid the price!

Trade 9: Good set up but got in too early. price then continued to go to the 8ema and bounce off it. must be patient with entries. Still in at -2 at mo. Out -7

Trade 10: impulse trade. A small win to even the account! should have stayed in bed today. Terrible day for disipline. the charts were saying dont trade but i thought i knew better. Week 1 ends as it started. Hopefully i have learnt some lessons. Clearly i still lack disipline!! What i have observed is that the signals are better than my own judgement and if i am patient and wait for the correct set ups i should be able to profit. This diary is for me to work out my trading demons. today they surfaced. We shall see if i can defeat them next week!