Can i be consistent in my trading?

Hi All,

This is my second journal.
The intention of my 1st journal was to get from A to B in a certain amount of time. Well that failed.
The last months i worked on my mindset and trading style to get more consistent. Sometimes it worked out ok, other times not.

The purpose of this journal is trying to be more disciplined and to see if i can be more consistent in my trading. So that my performance will improve.

I'm using a 3, 30, 240 min and Daily chart.
On the charts there are several MA and pivot lines.
My trading time is from 2 hours before London opens and 1 hour before London closes.

Later i will post an example off a charts.


PJ

3min chart example

yes u can! good luck ..

Hi,

Today th 1st and 2nd entry were to fast.
I went short short on EU and GU because was below the daily open. It looked to me that price was moving below the grey band. But when i took the trade the price was not really below the band. Could better wait a bit longer.
Price of the EU and GU went back up to the Rollover but did not close firm enough above it. If price would close firm above i would have closed my trades with a loss. After several hours price dropped some more. Because it is friday i did not waited to long to close it. The blue 4Hr 8ema was a good tgt.

The eur/chf trade went better. Went short when price had touched H4 and was below the white/magenta band. Tgt was set at around 20 pip (grey band was also good tgt). Later on price came below grey band. Next tgt could be 4hr 8ema. Price went lower to the L3 level which felt together with the 60 min 200ema. A good trade anyway.

Nice to have a good start with this journal.

Have a nice weekend.

PJ

Hi,

When i checked my pairs, i thought Eu had the most chance to move more then GU. Price EU was below daily open, below band and around PP. So my bias was short.
When i went short, price dropped very fast. Could have made some nice pips, but my tgt was a bit to far away. Price went up again, but some time later i took my profit.
My view on the GU was also short. One hour before London price went up to daily open/H3 level, but could not break it, So went short when GU went PP and band. Turned out ok.
1st short on EJ was also ok. Went for the same reason short. Price below PP and band. Price was above my daily open, but because it was below PP, grey band and blue ema, my view was short.
The other short on EJ was bad timed. Turned out ok later. Price bounced of the 60 min 200ema, so a reason to go short again.
Best choice was E/Chf. But missed that one.

This four pairs are the ones i watch.

Overall a good consistent day.

Hi,

Today i did not follow my rules. Thought EU and GU were already high for this day. Turned out price could go higher. (today 27-7) still got my shorts open.

Thats what sometimes happen. Entering to fast and then see yourself in trouble. Lets see if ther is some pullback toda.

Hi,

My shorts from yesterday turned out ok. I should have closed them earlier with a small loss and then trade the opposite direction.
This morning price of GU and EU did not go much higer then yesterday high. So i was expecting some retrace, so that i could exit my shorts. After some time price felt below grey band and 4hr 8ema. Exited my shorts with good profit. Could have been more, but when i tried that in the past it went against me.
So now i try to get a proft between 25 a 35 pip a trade.
Nice to see how the grey band act as support or resitance depending on the move.
Also went short on E/Chf. 1st too early, 2nd was ok.
After all it turned ok, but i was not happy with the decisions i made yesterday.
So for myself stick to the plan!

Hi,

Started wrong this morning. Took a short around 60 min 200 ema, double bottom and YL. And later added a 2nd for no good reason.
Price went up until it reached the blue ema. Blue ema was pointing down so added another trade. All turned out ok.
But not happy with the entry of my 1st trade.

Hi,

1st short was ok, but i had set my tgt to far away, was expecting retest of YL. I got a bit mixed up with the PA, so exited too early and went long too fast. So i probably will change my tgt to 20 pip in the early morning session.
Price did retest YL and S1. Went long again after the retest. Exit the trade just before round number 1.43 and grey band.
Done for this week.

Will continue this journal after my holiday. This will be somewhere in August.

Cu

Hi,

After some winners and losers i still have to work at my mindsetting. It gets better but sometimes i have my weakness.
But with continuing this journal i hope it will improve.

Today started ok with my EU short. 2nd short trade on GU was also ok. A bit early but it turned out ok.
3rd and 4th short on EY were bad timed. Was expecting too early a top of price. In the end it went ok, but it were bad trades
5th short on GY was good.
Last short on EU was a bit late. It is still open. Will close it before NY closes. (tgt is set at 1.3304)
Update: Tgt EU at 1.3304 hit. The last 20 pips for today.

Not a really bad day if you look at the results, but the EY trades where bad timed.

i ddnt read everything carefully and one by one...but i checked the screenshots...I think you have ambition + effort to learn + effort to seek the best...but you also need a guidance to understand the basic market structure...i think the tools and indicators you use are mostly a cause for you to fail and get stressed...so i think you shud decrease the number of the indicators you use...yes sometimes they can give you good profits in trending markets but they will make you lose lots of money in other times...As a person who used lots of indicators and tools on the same screen and got stresed and lost lots f money i advice you to eliminate them...and you will start earning good money when you feel more powerful than the chart...the chart shud be a slave who makes u earn money and you shud have plans in every possibility and you shud be like a commander...then all u need to do will be lieing there on your sofa and watching a movie when the chart chooses its direction and gives you lots of profit...

There are thereads here in this forum which can lead you to success....you shud check them...

1-andrews pitchfork (median line)
2-Fibo Traading with bobokus (i hope i do not remember wrong)
3-Trading with price action and market geometry

and also search for some videos on youtube about "market geometry" believe me these things will help you improve urself very much...and will give u an opportunity of stress-free trade...honestly i combine both andrews pitchforks and fibo tools (the method of bobokus) and i get a good result and i can clearly say that i am succcessfull !

I hope u do not take this as an offensive post...
regards...

Thanks for your comment.
I will take a look at the threads you mentioned.