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JB's Trading Journal

  • #1
  • First Post: Edited Nov 24, 2010 2:36pm Oct 11, 2010 12:19pm | Edited Nov 24, 2010 2:36pm
This is a journal I am keeping in order to track and monitor trades for an account I am trading. Most of these trades will be longer term (4Hr TF and above). I want to get into the habit of setting clear stop losses, take profits (where necessary) and most importantly reasons for the trade.

The format for posting each trade will be:

CURRENCY
SELL/BUY @ PRICE
STOPLOSS
TAKE PROFIT
REASONS FOR TRADE
CHARTS

As this journal is mainly for myself I would respectfully ask that it doesn't get cluttered with aimless posts, but feel free to constructively criticise if you are a successful trader with experience.
Jason Bourne
Are you treadstone?
  • #2
  • Oct 12, 2010 3:48am Oct 12, 2010 3:48am
Trade 001
EUR/CAD
Sell @ 1.4044
Stoploss @ 1.4152
Take profit @ 1.3700

Reasons:
1. Rejection off 50% fib from last swing high to low on daily chart.
2. Strong S/R level (yellow boxes).
3. Upper Channel Trendline.
4. Bearish divergence on daily RSI.

Comments:
I would have liked to set my SL higher above the last swing high but my max risk would not allow that.

Attached Image (click to enlarge)
Click to Enlarge Name: trade 001a eurcad.gif Size: 22 KB


Attached Image (click to enlarge)
Click to Enlarge Name: trade 001b eurcad.gif Size: 17 KB
Are you treadstone?
  • #3
  • Oct 12, 2010 7:14am Oct 12, 2010 7:14am
Trade 002
CAD/CHF
Sell @ 0.9527
Stoploss - Already moved to 0.9525
Take Profit - Not set

Reasons
1. Strong resistance (yellow areas).
2. Rejection of decending trendline.
3. Trading with long term trend.

Comments
Stop was moved to break even fairly soon after price moved and is also above the last 4hr high which is a bonus.

Attached Image (click to enlarge)
Click to Enlarge Name: trade 002a cadchf.gif Size: 19 KB
Are you treadstone?
  • #4
  • Oct 12, 2010 9:18am Oct 12, 2010 9:18am
Quoting Jason Bourne
Trade 001
EUR/CAD
Sell @ 1.4044
Stoploss @ 1.4152
Take profit @ 1.3700
Stoploss ammended @ 1.4040
Are you treadstone?
  • #5
  • Oct 13, 2010 3:49am Oct 13, 2010 3:49am
Quoting Jason Bourne
Stoploss ammended @ 1.4040
Trade stopped @ 1.4040 (+4)
Are you treadstone?
  • #6
  • Oct 13, 2010 4:05am Oct 13, 2010 4:05am
Trade 003

EurUsd
Sell @ 1.3955
Stoploss @ 1.4035
Take profit @ N/A

Reasons:
1. Break and re-test of 4Hr Trendline
2. Strong resistance around the 1.400 area
3. High R:R ratio

Attached Image (click to enlarge)
Click to Enlarge Name: trade003 eurusd.gif Size: 18 KB
Are you treadstone?
  • #7
  • Oct 13, 2010 7:10am Oct 13, 2010 7:10am
Quoting Jason Bourne
Trade 002
CAD/CHF
Sell @ 0.9527
Stoploss - Already moved to 0.9525
Take Profit - Not set
Trade stopped @ 0.9525 (+2)
Are you treadstone?
  • #8
  • Oct 13, 2010 9:12am Oct 13, 2010 9:12am
Trade 004
EurAud
Sold @ 1.4154
Stoploss originally @ 1.4186
Stoploss ammended @ 1.4140
Take profit @ N/A

Reasons:
1. Resistance (yellow box)
2. 50% Fib
3. Late entry on weekly pin bar
4. With long term trend

Attached Image (click to enlarge)
Click to Enlarge Name: trade004 euraud.gif Size: 23 KB
Are you treadstone?
  • #9
  • Oct 13, 2010 2:21pm Oct 13, 2010 2:21pm
Trade 005
Gbp/Usd
Sell @ 1.5886
Stoploss @ 1.5920
Take profit @ 1.5805

Reasons:
1. Break and re-test of 4Hr Trendline
2. 1Hr pin bar off Weekly Pivot

Attached Image (click to enlarge)
Click to Enlarge Name: trade 005 gbpusd a.gif Size: 22 KB
Are you treadstone?
  • #10
  • Oct 13, 2010 4:15pm Oct 13, 2010 4:15pm
Quoting Jason Bourne
Trade 004
EurAud
Sold @ 1.4154
Stoploss originally @ 1.4186
Stoploss ammended @ 1.4140
Take profit @ N/A
Stoploss ammended @ 1.4114
Take profit installed @ 1.4010
Are you treadstone?
  • #11
  • Oct 14, 2010 1:00am Oct 14, 2010 1:00am
Quoting Jason Bourne
Trade 003

EurUsd
Sell @ 1.3955
Stoploss @ 1.4035
Take profit @ N/A

Reasons:
1. Break and re-test of 4Hr Trendline
2. Strong resistance around the 1.400 area
3. High R:R ratio

Attachment
Trade stopped @ 1.4035 (-80)
Are you treadstone?
  • #12
  • Oct 14, 2010 1:01am Oct 14, 2010 1:01am
Quoting Jason Bourne
Stoploss ammended @ 1.4114
Take profit installed @ 1.4010
Trade stopped @ 1.4114 (+40)
Are you treadstone?
  • #13
  • Oct 14, 2010 1:03am Oct 14, 2010 1:03am
Quoting Jason Bourne
Trade 005
Gbp/Usd
Sell @ 1.5886
Stoploss @ 1.5920
Take profit @ 1.5805

Reasons:
1. Break and re-test of 4Hr Trendline
2. 1Hr pin bar off Weekly Pivot

Attachment
Trade stopped @ 1.5920 (-34)
Are you treadstone?
  • #14
  • Oct 19, 2010 7:05am Oct 19, 2010 7:05am
Trade 6
GbpUsd
Long @ 1.5747
Stoploss @ 1.5680
Take Profit @ 1.5990

Reasons:
1. Strong previous support resistance level (yellow shaded area)
2. With long term trend
3. Daily lower trendline support.

Attached Image (click to enlarge)
Click to Enlarge Name: trade 006 gbpusd a.gif Size: 25 KB
Are you treadstone?
  • #15
  • Oct 28, 2010 7:25am Oct 28, 2010 7:25am
Quoting Jason Bourne
Trade 6
GbpUsd
Long @ 1.5747
Stoploss @ 1.5680
Take Profit @ 1.5990

Reasons:
1. Strong previous support resistance level (yellow shaded area)
2. With long term trend
3. Daily lower trendline support.

Attachment
Trade stopped @ 1.5680 (-67)
Are you treadstone?
  • #16
  • Oct 28, 2010 7:44am Oct 28, 2010 7:44am
Trade 007

GBP/USD
Short @ 1.5919
Stoploss @ 1.5960
Takeprofit @ 1.5810

Reasons
1) Strong S/R level
2) Resistance seen on M15 chart around the WR1 level
3) Good R:R:R

Attached Image (click to enlarge)
Click to Enlarge Name: trade007.gif Size: 20 KB
Are you treadstone?
  • #17
  • Oct 29, 2010 5:04am Oct 29, 2010 5:04am
Quoting Jason Bourne
Trade 007

GBP/USD
Short @ 1.5919
Stoploss @ 1.5960
Takeprofit @ 1.5810

Reasons
1) Strong S/R level
2) Resistance seen on M15 chart around the WR1 level
3) Good R:R:R

Attachment
Trade stopped @ 1.5960 (-41)
Are you treadstone?
  • #18
  • Oct 29, 2010 5:11am Oct 29, 2010 5:11am
Quickly posting 3 trades I'm currently in.

Trade 008
EUR/CAD
Short @ 1.4220
SL @ 1.4360
TP @ 1.3870

Attached Image (click to enlarge)
Click to Enlarge Name: trade 008 eurcad.gif Size: 21 KB


Trade 009
GBP/USD
Short @ 1.5922
SL @ 1.6025
TP @ 1.5675

Attached Image (click to enlarge)
Click to Enlarge Name: trade 009 gbpusd.gif Size: 22 KB


Trade 010
USD/CHF
Long @ 0.9837
SL @ 0.9780
TP @ 0.9990

Attached Image (click to enlarge)
Click to Enlarge Name: trade 010 usdchf.gif Size: 20 KB
Are you treadstone?
  • #19
  • Nov 1, 2010 11:55am Nov 1, 2010 11:55am
Quoting Jason Bourne
Trade 009
GBP/USD
Short @ 1.5922
SL @ 1.6025
TP @ 1.5675

Attachment
Trade stopped @ 1.6025 (-103)
Are you treadstone?
  • #20
  • Nov 1, 2010 11:58am Nov 1, 2010 11:58am
Trade 011
EUR/USD
Short @ 1.3989
SL @ 1.4020
TP @ 1.3750

Reasons:
3rd touch of trendline with high R:R (see chart)

Attached Image (click to enlarge)
Click to Enlarge Name: trade 011 eurusd.gif Size: 17 KB
Are you treadstone?
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