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Buildcity's Trading Journal

  • #1,121
  • Oct 21, 2010 3:30am Oct 21, 2010 3:30am
Quoting Buildcity
Being no trade last night as I found myself is bit lost recently.

Instead of trading, I spent a night to write up my rules more solid, then summarised it as a desktop wallpaper, keep on reminding myself every moment I switch on computer.

Its hard to remove my die hard habit to trade with counter trend trades, then alternatively I should figure out more solid confirmation on how to trade with this kind of setup.

BTW, Sho's setup is still the core method which I found is the most useful tool in successful trading ~ riding the trend and trade...
I like a cigar and a walk in the woods to collect my thoughts. Or a nice long talk with Buddy...My horse...He always listens and understands. Then tells me to go get some pips to buy him some more hay. 1500 lb draft cross, he eats a lot.

Rufus
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #1,122
  • Oct 21, 2010 5:17am Oct 21, 2010 5:17am
Quoting Rufus
I like a cigar and a walk in the woods to collect my thoughts. Or a nice long talk with Buddy...My horse...He always listens and understands. Then tells me to go get some pips to buy him some more hay. 1500 lb draft cross, he eats a lot.

Rufus
I got no dog or other pets but 2 little children can occupy all my time after work. They have no the talient (yet) to understand what is pips hunting but they can simply tell you whether the trend is in downward or upward, may be we should think in such a simple approach

Tks Rufus and all.

Eric
  • #1,123
  • Oct 21, 2010 5:26am Oct 21, 2010 5:26am
No matter how much we post and share on these forums , this is in the end a lone game with us makin all the choices on our own. You have done very well in this endeavour and will continue to improve over time.

To step back a bit and try to evaluate your trading and improve yourself is part of a successfull traders tools , Instead of jumping to another thread or system . The wall you have hit is very common and you will correct it and when you do you will trully be the awesome trader you strive to be.

Just look for your entiries in the exact area you take profits and as you see the entries after the small momentum down movements . it is the move against the trend that your entry should be.

You know this of course but having gotten use to taking the CT side you have also limited your gains .. It will come . just place the thought in your mind that you will ( WILLPOWER ) Look for trend entry.

Then don't frett if it takes a few trades or demo trades to get the consistency doing that way. Look forward to your return with those geater gains in hand.

I speak from exprience. I take both ct and trend trades and my trend trades suffer from it as I get use to closing the CT trades so fast i can do it automatically on the good Trend trades as well, So now i look for only retracement trades. The check marks. Which can be seen the same as your momentum entries by adjusting time frame charts. But don't do that keep doing what you are.

You have taken one of the great steps , the acknowledgement of a problem and now the correcting begins.

Trade well and don't stress about it . Hold it in your minds eye and it will become real. Ken
Good Trading To All ; Ken Lee
  • #1,124
  • Oct 21, 2010 5:30am Oct 21, 2010 5:30am
Quoting Buildcity
I got no dog or other pets but 2 little children can occupy all my time after work. They have no the talient (yet) to understand what is pips hunting but they can simply tell you whether the trend is in downward or upward, may be we should think in such a simple approach

Tks Rufus and all.

Eric

Yes I believe 100% that given a few basic instructions a child could trade better than us all.. They have no expectations or history of right or wrong . Just do the basic things we would tell them .
Good Trading To All ; Ken Lee
  • #1,125
  • Oct 22, 2010 11:29pm Oct 22, 2010 11:29pm
Hi,

Trying to do home work after my closing of daily trade, anyone know a handy indicator / or script (for MT4) to show the entry and exit?

The indicator below is "P4L OrderHistory", but bit messy, any alternative?

Tks
Eric
Attached Image (click to enlarge)
Click to Enlarge Name: 2010-10-23_1224.png Size: 22 KB
  • #1,126
  • Edited 12:20am Oct 23, 2010 12:05am | Edited 12:20am
some reference links
and PDF attachment (dont know the author yet??)

http://www.indiadaytrading.com/keltnerchannels.html
Attached File(s)
File Type: pdf Trading Manual_C25_213-224 - Keltner Channels.pdf   66 KB | 728 downloads
  • #1,127
  • Oct 23, 2010 1:44am Oct 23, 2010 1:44am
Quoting Buildcity
some reference links
and PDF attachment (dont know the author yet??)

http://www.indiadaytrading.com/keltnerchannels.html
Hi Buildcity, I think it should be part of a Joe Ross'book
  • #1,128
  • Oct 23, 2010 3:08am Oct 23, 2010 3:08am
Quoting Buildcity
Hi,

Trying to do home work after my closing of daily trade, anyone know a handy indicator / or script (for MT4) to show the entry and exit?

The indicator below is "P4L OrderHistory", but bit messy, any alternative?

Tks
Eric

your talking MT4 trades to show on your chart ? Simply open the Order history and Drag&Drop them on your chart
Never whishing, always trading.
  • #1,129
  • Oct 23, 2010 3:25am Oct 23, 2010 3:25am
Say the last trade in the Order History is a GBPUSD trade. If you drag and drop it to the chart, as Hova says, it will show the Entry and the Exit. If you press Shift at the same time as drag and drop, it will show ALL the GBPUSD trades in the History as you have it set at that time.
  • #1,130
  • Oct 23, 2010 5:16am Oct 23, 2010 5:16am
Quoting ale73a
Hi Buildcity, I think it should be part of a Joe Ross'book
Thks my Roma young man
  • #1,131
  • Oct 23, 2010 5:22am Oct 23, 2010 5:22am
Quoting Royston
Say the last trade in the Order History is a GBPUSD trade. If you drag and drop it to the chart, as Hova says, it will show the Entry and the Exit. If you press Shift at the same time as drag and drop, it will show ALL the GBPUSD trades in the History as you have it set at that time.
Really tks Dennis (Hova) and Royston,

its the 1st time I know this handy function built-in MT4, hehe.

Appreciated it.

Eric


Edit - 2nd question, any way to remove those objects by simple steps rather than delete the object one by one??
  • #1,132
  • Oct 23, 2010 1:10pm Oct 23, 2010 1:10pm
Quoting Buildcity
Really tks Dennis (Hova) and Royston,

its the 1st time I know this handy function built-in MT4, hehe.

Appreciated it.

Eric


Edit - 2nd question, any way to remove those objects by simple steps rather than delete the object one by one??

You double click on one of the arrows then right click on it and select delete all arrows.
As for the lines I just select them when I review them and when I,m done delete them the same way.
  • #1,133
  • Oct 23, 2010 2:22pm Oct 23, 2010 2:22pm
Quoting Buildcity
2nd question, any way to remove those objects by simple steps rather than delete the object one by one??
Right click the chart, select Objects List. When the box appears, double click the column headings and it will group all the objects according to which kind of object it is. Then select the top of the group you are interested in (say the trendlines) and hold Shift down while you select the bottom of the list. Then press Delete. That subset of Objects should then disappear.

This is quite useful as well...
  • #1,134
  • Oct 24, 2010 4:57am Oct 24, 2010 4:57am
Haha,

Tks all for the guidance on those entry & exit issues. Everyday I have something to learn.

BTW, suddenly quite many new faces here.

Appreciated all.

Eric
  • #1,135
  • Oct 25, 2010 1:37am Oct 25, 2010 1:37am
Quoting Buildcity
Haha,

Tks all for the guidance on those entry & exit issues. Everyday I have something to learn.

BTW, suddenly quite many new faces here.

Appreciated all.

Eric
Always good to have new blood.

It keeps us focused.

  • #1,136
  • Oct 29, 2010 7:59am Oct 29, 2010 7:59am
Hi Eric is everything all right?
We are waiting for your trades.
I'd like trading Sho's method (if I could do it) and your operations are a great sample to me.
See you soon
  • #1,137
  • Oct 29, 2010 11:10am Oct 29, 2010 11:10am
Quoting ale73a
Hi Eric is everything all right?
We are waiting for your trades.
I'd like trading Sho's method (if I could do it) and your operations are a great sample to me.
See you soon
Hi mate, thanks for coming

No worry, I dont think I will give up trading

hehe
Eric
  • #1,138
  • Edited 11:31pm Oct 29, 2010 11:16am | Edited 11:31pm
The price itself can tell you everything, so read the bar / candle one by one and listen to her!!

No fancy indicator, only KC and stoch, trading can be much simple, the only thing we care is the MOMENTUM

Today EJ M15 below
Attached Image (click to enlarge)
Click to Enlarge Name: 2010-10-29_2340.jpg Size: 176 KB
  • #1,139
  • Oct 29, 2010 2:47pm Oct 29, 2010 2:47pm
Hi, you have great journal. Hope to see you updating this journal regularly, as you used to.

Regards
  • #1,140
  • Oct 29, 2010 7:47pm Oct 29, 2010 7:47pm
Quoting Buildcity
The price itself can tell you everything, so read the bar / candle one by one and listen to her!!

No fancy indicator, only KC and stoch, trading can be much simple, the only thing we care is theMOMENTUM

Today EJ M15 below
Thank you. Once a month or once a week with stuff like this, would be greatly appreciated!
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