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Disciplined Trader Journal

  • #1
  • First Post: Edited Jul 3, 2012 4:12am Jun 24, 2012 12:37pm | Edited Jul 3, 2012 4:12am
Hello guys, I'll post my trade, chart and my thoughts here. I hope it can last long, so that in the future, I would look back and see how I've developed my discipline as well as trading operation. I want to publicly thank Dr.Geppynius and petefader, I've learnt a lot from them.

I'll update with a few charts soon to plan my trades, and on Monday, I would look back and trade according to plan.

It's hard long road ahead and I wish you guys all the success.

Feel free to comment or ask anything, however, I'll answer when I see it fits. Thanks.
  • #2
  • Jun 24, 2012 12:54pm Jun 24, 2012 12:54pm
Daily chart still look bearish after quite significant down-move last Thursday:

http://content.screencast.com/users/...06-25_0044.png

4h chart look bearish too, if short, 1.2440 would be a great target. Volume is supported at that area, however, need to see more price action to judge whether the down-move last Thursday is genuine. Decent volume is supported at that level too.

http://content.screencast.com/users/...06-25_0047.png

1h chart

http://content.screencast.com/users/...06-25_0053.png

I'll try my best to stay disciplined and keep on posting here. I got lazy pretty fast.
  • #3
  • Jun 24, 2012 1:03pm Jun 24, 2012 1:03pm
worth notice, GU at a significant level. GU looks much more bullish than EU

http://content.screencast.com/users/...06-25_0100.png

1h

http://content.screencast.com/users/...06-25_0102.png

We'll see.
  • #4
  • Jun 24, 2012 1:25pm Jun 24, 2012 1:25pm
AU is also at a significant level:

http://content.screencast.com/users/...06-25_0123.png

1h chart:

http://content.screencast.com/users/...06-25_0125.png
  • #5
  • Jun 24, 2012 1:31pm Jun 24, 2012 1:31pm
Hello duyk20,

if you don't mind i will comment.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 2012-06-25_0044.png Size: 24 KB
Click to Enlarge Name: guu.png Size: 28 KB
  • #6
  • Jun 24, 2012 1:39pm Jun 24, 2012 1:39pm
Cool ineed300pips, feel free to comment and post charts. I use a lot of personal experiences as well as personal guts in trading. I don't like to predict next movement but trade the chart instead.

I'm day trading btw, I look for the movement of the day and out. However, I'd love to spot trend to have a small position running for the biggie.
  • #7
  • Jun 24, 2012 1:47pm Jun 24, 2012 1:47pm
Thanks duyk20,

Position here.
I trade the big moves and sometimes (the retracements) small moves

Have a good week.
  • #8
  • Jun 25, 2012 8:30am Jun 25, 2012 8:30am
Took a trade today, result in a loss. Need to be extra picky and careful. I've been overconfident with a winning streak lately.

http://content.screencast.com/users/...06-25_2018.png
  • #9
  • Jun 26, 2012 11:54am Jun 26, 2012 11:54am
Price touches the important levels and reacts well. I should've got in but the timing is bad, having a loss trade yesterday made me hesitate.. Anyway, it seems ranging, big boy is yet to step in. They are waiting for something? I don't know. Volume on 1h is pretty small anyway.

http://content.screencast.com/users/...06-26_2347.png
  • #10
  • Jun 26, 2012 12:21pm Jun 26, 2012 12:21pm
Quoting duyk20
Price touches the important levels and reacts well. I should've got in but the timing is bad, having a loss trade yesterday made me hesitate.. Anyway, it seems ranging, big boy is yet to step in. They are waiting for something? I don't know. Volume on 1h is pretty small anyway.

http://content.screencast.com/users/...06-26_2347.png
Would be nice to see you take a live trade. You never do - don´t you ???

And if you should take a trade - please be so kind as to drag and drop in onto your charts for clearification that you actually took this trade and as to to why you entered.

Until you actually start to produce some live pictures of your so called trades all I think of you is someone who is only patrolling the threads for amusement and sucking up peoples asses

Prove me wrong.


H.
"The future is already written in the past"
  • #11
  • Jun 26, 2012 8:54pm Jun 26, 2012 8:54pm
Quoting hansma
Would be nice to see you take a live trade. You never do - don´t you ???

And if you should take a trade - please be so kind as to drag and drop in onto your charts for clearification that you actually took this trade and as to to why you entered.

Until you actually start to produce some live pictures of your so called trades all I think of you is someone who is only patrolling the threads for amusement and sucking up peoples asses

Prove me wrong.


H.

I don't really care about it, hansma. The only thing I do care is my account balance.
  • #12
  • Jun 27, 2012 7:40am Jun 27, 2012 7:40am
Can't bear this 40 pips range..

http://content.screencast.com/users/...06-27_1939.png

Market is waiting for something. Anyone know the reasons?
  • #13
  • Jun 28, 2012 8:55am Jun 28, 2012 8:55am
Sell @ 1.2425

http://content.screencast.com/users/...06-28_2053.png

4h chart:

http://content.screencast.com/users/...06-28_2055.png
  • #14
  • Jun 28, 2012 1:06pm Jun 28, 2012 1:06pm
I was hoping for price to drop in London/ NY overlap session but it didn't happen, price is going nowhere at the moment. Well, I hardly hold position overnight because anything can happen overnight. However, it's one of my favorite set-up in play now, so I'll probably hold it over night, probably weeks if needed. I saw Sonic hold a stock position in 4 weeks, well, probably I could shit in my pant if I have to hold a position for 4 weeks. That's psychologically drain to see price swing and they say" If can't stand the heat, stay out of the kitchen"

If price drop for around 50 pips tomorrow, I'll set SL to breakeven and let it ride until it bends. This's probably the very first time I try this and I know it's pretty hard to take.

I could've cut now for a few dollars profit but MY DECISION IS HOLDING ON TO IT and I won't regret it. I'm having a well-defined risk trade, therefore, if it hits my SL, there're always tomorrow.

Hope that Asian session don't get me tomorrow.

Stay tuned.
  • #15
  • Jun 29, 2012 2:01am Jun 29, 2012 2:01am
Oh well, this: http://www.forexfactory.com/news.php?do=news&id=370937

lead to this:

http://content.screencast.com/users/...06-29_1351.png

Which result in my SL got triggered again. Tomorrow then. Need to rethink about my risk size, it's debating in my head at the moment. Should I reduce risk?

I always believe that fundamentals have nothing to do with forex market but it seems that it actually does. Market is in the waiting mode and it shoots up after that German ATM opening today...

Market spike up almost 200 pips around 3AM GMT, normally the most illiquid hours, so where are the big boys who're able to drive the market up like that? It must be liquidity gap?

We'll see..
  • #16
  • Jun 30, 2012 6:55am Jun 30, 2012 6:55am
Obviously, it has been a bad week for me. I think I'm too rigid last week, I keep in mind personal perception about the price movement instead of drawing lines and trading the chart. That's disappointing. I knew that it would come after a losing trade, it has happened before and still I'm struggling with it now. All I need to do is getting back to basic. Drawing lines, watch the chart and judge it myself. MYSELF. Part of the reason is I was again the victim of "guru's advice". Grow up, man, how many times but still I didn't learn my lesson.

I think I'll be off from forexfactory for a good time now. It has been a good time here but also it contains poisonous opinions which affect the not-really-settled mind.

Alright, staying with myself, drawing the line and waiting and it'll take a good care of itself.

Cool
  • #17
  • Jul 1, 2012 5:16am Jul 1, 2012 5:16am
Quoting duyk20
I think I'll be off from forexfactory for a good time now. It has been a good time here but also it contains poisonous opinions which affect the not-really-settled mind.

Alright, staying with myself, drawing the line and waiting and it'll take a good care of itself.

Cool
yea... i call that mislead opinions , i saw a lot of mislead on many technical websites , many a guys with tie draw a chart with many mislead technical . they just want caller as a technical analys advisor, dont trust them fully.
  • #18
  • Jul 3, 2012 4:18am Jul 3, 2012 4:18am
I've attached a small live account to trade with high risk The idea is to trade the usual set-up but with higher risk to raise it to something. I've always wanted a high risk account so that I could feel more excited. I can't risk much with the current account because it's the main one.

With this, I could have more excitement during the boring hours.

We'll see.
  • #19
  • Jul 5, 2012 5:10am Jul 5, 2012 5:10am
This few weeks has been absolutely devastating for trading. Well, for me personally. Price keep on ranging, high to low everyday is merely around 60 pips. There's an event where price shoots up 150 pips but it's goddamn during New Zealand session, who could've thought that? Well, I think it's part of trader's life, whether you adapt and excel or you fail miserably. Late June and early July have been shocking. I didn't trade for like 10 days now. There's absolutely no set-up which fit my rules, no trend, no big move; it's all boring ranging.

There's important news today and tomorrow, EURO, GBP rate cut, non-farm payroll week.

Well, we'll see. Hope things start to move.
  • #20
  • Jul 6, 2012 11:07am Jul 6, 2012 11:07am
Quoting duyk20
I've attached a small live account to trade with high risk The idea is to trade the usual set-up but with higher risk to raise it to something. I've always wanted a high risk account so that I could feel more excited. I can't risk much with the current account because it's the main one.

With this, I could have more excitement during the boring hours.

We'll see.
lol, the main account has been resting this NFP week due to weak price action but the small risk one has been doing great LOL. I'll probably still risk a lot but I'll wait for absolute best set-up to make the killing LOL Love how it raise
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