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Alv Trading Journal - Price Action w/ Sentiment

  • #41
  • Jan 30, 2012 9:06am Jan 30, 2012 9:06am
Forgot to sum of the total gained for Friday last week

Total gained
20.9 - 9.5 = 11.4 pip

Note:
Need to reevaluate trading method
Be the market
  • #42
  • Jan 30, 2012 9:10am Jan 30, 2012 9:10am
Total gained last week:

76.4 + 0.7 - 31.6 - 18 + 11.4 = 38.9 pip

a positive week, but not satisfying.

Note:
After tried the demo and improve the trading method/system. The results are quite satisfying (giving 40 pip this Monday). But i guess i'll stick with the demo for tomorrow.
Be the market
  • #43
  • Jan 30, 2012 9:24pm Jan 30, 2012 9:24pm
Note:
The price movement actually could be measured by the residing trendlines.
Be the market
  • #44
  • Jan 31, 2012 8:58am Jan 31, 2012 8:58am
Note:
Too tempted to do countertrend trade. I should countertrend trade only at pullbacks (continuing the larger trend)
Be the market
  • #45
  • Edited 9:18am Jan 31, 2012 9:07am | Edited 9:18am
Note:
Another 40 pip for demo. But i still do lot of mistakes! should have finished it 7 hours ago. Looks like all this week will still be demoing.
Be the market
  • #46
  • Feb 1, 2012 9:51am Feb 1, 2012 9:51am
Note:
Like every wednesday, i've got to go, so i left the trading position open. I forgot to use the breakeven trail stop. Instead of getting profit, i let slip 40+ pip and get -15 pip loss (pursuing 55 pip after 15 pip loss). Total gained on demo today is -30 pip.
Be the market
  • #47
  • Edited Feb 5, 2012 5:12am Feb 4, 2012 8:46am | Edited Feb 5, 2012 5:12am
Note:
The demo had had ruined. The despair from losses must not overcome the will to win. When you had 3 times loss or more in a row don't let that stay in your head. stay calm. take a cold bath or do some sports.

The next trade must always independent from the prior trade, whether it's win or loss. Don't ever think that the next trade is to fill the losses or give you extra profit. Trade only because of the price. Remember that you're winning because of the edge, not because of the winning strike.

The good thing is, the demo was fixed by yesterday NFP, and the target was fulfilled. Monday will be live again!
Be the market
  • #48
  • Feb 6, 2012 1:49am Feb 6, 2012 1:49am
Note:
Just learned that if the time frame is smaller than H1, the price got too much noise. The market could be easily manipulated by thousands of EA or some institutional. That's why it seldomly give a reliable patterns signal, and that make consistent profit harder. So then i'm changing my timeframe from M1/M5 to M15/H1.
Be the market
  • #49
  • Feb 6, 2012 7:56am Feb 6, 2012 7:56am
Buy EU @ 1.30424

TP @ 1.32050
SL @ 1.30224

Note:
Bounce back from 1-Feb low. Friday's macroeconomic data show USDX get weaker.
Be the market
  • #50
  • Feb 6, 2012 5:25pm Feb 6, 2012 5:25pm
Thanks for sharing your lsma indicator.

Why are you not using it? Or is CCI more accurate?
  • #51
  • Feb 7, 2012 12:36am Feb 7, 2012 12:36am
Quoting ikdenk
Thanks for sharing your lsma indicator.

Why are you not using it? Or is CCI more accurate?
Hello ikdenk, you're welcome

I'm no longer using it because my trading method had changed so much and no longer match with the indicator. the trendline have to be drawn manually for better accuration and response (i practiced numerous time to drawn the line manually).

Actually the CCI didn't have any connection to the LSMA in my method. the CCI is intended to take the countertrend from pullback when correction happen.

by the way, knowing that you have interest in LSMA, have you try HMA? It's also a 2nd order moving average and the results is similar, but give more pretty line. i've still using this indicator and i think it's the best indicator for moving average
Be the market
  • #52
  • Edited 6:02am Feb 7, 2012 5:07am | Edited 6:02am
Buy EU @ 1.30424 got SL hit @ 1.31200 = 77.6 + 0.3 (swap) = 77.9

Note:
looks like my modified TP @ 1.31554 was a good exit and a good sell, unfortunately i loose it :/

Anyway, the results is not bad for this 2 day.
Be the market
  • #53
  • Feb 8, 2012 1:55am Feb 8, 2012 1:55am
Quoting alvseek
Hello ikdenk, you're welcome

by the way, knowing that you have interest in LSMA, have you try HMA? It's also a 2nd order moving average and the results is similar, but give more pretty line. i've still using this indicator and i think it's the best indicator for moving average
Had a look at hma, have settled on jma (Jurik MA) - hugs price beautifully, can even be used as a trade line. Also see jurikres.com Indicator is on FF.
  • #54
  • Feb 8, 2012 8:07am Feb 8, 2012 8:07am
Quoting ikdenk
Had a look at hma, have settled on jma (Jurik MA) - hugs price beautifully, can even be used as a trade line. Also see jurikres.com Indicator is on FF.
Okay, i'll try it. Thanks!
Be the market
  • #55
  • Feb 17, 2012 10:18pm Feb 17, 2012 10:18pm
Note:
sometimes the feeling about the price direction is just right, but the moment to enter the trade is not at the best yet. Wait patiently until the pattern appear and enter the trade.
Be the market
  • #56
  • Feb 17, 2012 10:29pm Feb 17, 2012 10:29pm
Note:
If a good and trade able setup appear against your direction, get out of that trade. ignoring whether its loss or profit then trade that good setup.

Another alternative if the initial trend is on profit is to stay on and trade that new countertrend setup until one of the trade got breakeven. This method must allow hedging and not using FIFO rules.
Be the market
  • #57
  • Feb 22, 2012 11:36am Feb 22, 2012 11:36am
Note:
Keep tossing the ball until you find the perfect moment to smash it. Keep trading out until you find the perfect pattern to trade it.
Be the market
  • #58
  • Feb 25, 2012 9:53am Feb 25, 2012 9:53am
Quoting ikdenk
Had a look at hma, have settled on jma (Jurik MA) - hugs price beautifully, can even be used as a trade line. Also see jurikres.com Indicator is on FF.

Been trying to find a JMA indicator without any luck, would you be open to attaching it to this thread or by PM? Thank you.
  • #59
  • Feb 26, 2012 6:07am Feb 26, 2012 6:07am
Quoting alvseek
Note:
Keep tossing the ball until you find the perfect moment to smash it. Keep trading out until you find the perfect pattern to trade it.
i like yours attitude.
gl bro

and good luck with trades and journal
  • #60
  • Feb 26, 2012 6:21pm Feb 26, 2012 6:21pm
Quoting FXSwissTrader
Been trying to find a JMA indicator without any luck, would you be open to attaching it to this thread or by PM? Thank you.
I don't know whether it's the right JMA or not, but i'll pass you the FF link. Please consider to buy if you find it useful

Quoting krwawnik
i like yours attitude.
gl bro

and good luck with trades and journal
Thanks bro

good luck too!
Be the market
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