The "All bets are off" trading journal

Hi, I'm a young aussie with a full-time job and trading the currency markets on days off and at night and pretty much when I'm not earning a living. I have been trading for around 2 years, made all the mistakes, made money, lost money, had the highs and lows and learnt a lot along the way.

I attend to keep this journal to promote discipline and avoid rushing into trades and taking risky entries and looking at the market over longer timeframes.

I have been the trader that feels like its all a gamble at times, and hence the title of the thread - all bets are off...I want to find an edge and through discipline trade like a professional.

I will post trades, videos and feelings along the way and hope to have some good conversations about trade ideas and pass on trade set-ups between traders.

I want to promote a positive journal and one where people help each other out as there are all levels of traders on this website and I myself only have two years experience in the markets, but i have been the guy who has only just started and intend to be the one eventually who is making a good living out of the markets.

Please come by, chat, share and enjoy.

Thanks
Auspunter79

Here is a trade I took last week on the Euro, a short from a pin bar on the daily. I am still in the trade, have taken some profits, stop at break even and letting the other portion play out.

Good luck. I subscribed.

Cool... never underestimate the role of luck ... and never overestimate it ... by the way, what is the background tune in your vid. Reminds me, the old Quest for Glory adventure games. Ahh, you're prolly too young to remember

Hey guys, here is an update on the Euro 4hr Chart and also a scalp short I took today for a quick profit...

Enjoy.

I think the only luck in charting is if some piece of news comes out and effects your position either way. No one can ever totally predict where price will go but we can always make our entries a lot higher probability of going in our favour. The music is just a sample that comes with the software I use, and your right can't remember Quest for Glory.

After taking profits far too early on the 15min Euro trade yesterday...below is a training video to remind myself that you must "let your profits run", and outlines where I went wrong and what I could have done better.

Here is an analysis of the NZD/USD (kiwi) in the last hour...

Saw your post over on the Trade What You See thread where I am active.

Nice reviews and descriptions of when/why you took your EU trades. Are you primarily a Daily/4H trader looking at the lower TFs to fine tune your entry?

Yeah that is about spot on Dharma...look for set-ups on the 4hr and daily and then drop to the 1hr or 15min for entries. I set the trade and then try to switch off, let it move and try not to watch the screen.

Here is another video of a potential live trade set-up on the 4hr Cable GBP/USD...

I normally trade the forex markets but do keep an eye out on news and any stocks that take my eye and QANTAS Airlines on the Australian Stock Exchange has been in the news a lot lately for all the wrong reasons. Profit downgrades, potential ratings downgrades etc and a nosedive in the stock price, but may it be the time to consider buying some for the long run?.

I have made a video of an analysis of the stock and where it may head:-

Well I haven't been posting for a little while, but intend to start again...I am developing a website with a few friends that traders can use as a source to help trade consistently. It will be called www.informativetraders.com and it will have articles, chart analysis, videos, podcasts, trading competitions and trader interaction.

twitter - https://twitter.com/informtraders

I have posted the first video on you tube and it was a video I did last week when I had 3 successful trades on the same pair - NZD/USD
If you are patient enough, the market will give you the same signals over and over....

Check out the video -



It would be great to get feedback and suggestions on videos we can develop.

Thanks.

Nice Vids.