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My Trading journal "mentoring myself"

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  • Have you self mentored you trading to success?
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  • #1
  • First Post: Edited Oct 3, 2012 3:43am Sep 27, 2012 2:40am | Edited Oct 3, 2012 3:43am
This will my trading journal that I keep online as I like the way you can scroll through it with little effort as appose the different folder, documents and screen shots i have to siff through on my computer

I AM BY NO MEANS A SEASONED TRADER.

My system consists of pure PA,S/D,and "herd" trading.
JUST TRYING TO FIND THE RIVER AND JUMP IN FOR THE RIDE
Intraday trading off of the key levels
SL=25pips
TP=25 and more

Things I will be looking to improve on:
Entry's and Exit's
R:R
Proper analysis of market conditions



DO NOT COME AND SH!T ON MY JOURNAL WITH STUPID COMMENTS

ALL CONSTRUCTIVE CRITICISM IS VERY VERY WELCOME

Please take the POLL at he top.

ROOI:nerd:
We miss 100% of the shots we don't take
  • #2
  • Sep 27, 2012 2:48am Sep 27, 2012 2:48am
Short Cable

Risking 0.5%

Double top forming on the weekly
Mid-Range on the daily
4HR minor resistance in the middle of descending channel
5min price could not breach previous high for now
GBP news to be released not looking good

SL=25pips
TP=?

ROOI:nerd:
Attached Image(s) (click to enlarge)
Click to Enlarge Name: cable 27Sep12 no1.png Size: 186 KB
Click to Enlarge Name: cable 27Sep12 no2.png Size: 129 KB
We miss 100% of the shots we don't take
  • #3
  • Sep 27, 2012 3:18am Sep 27, 2012 3:18am
Quoting Rooi
Short Cable
+15 pips

SL to BE before the sterling news

TP still open

ROOI:nerd:
We miss 100% of the shots we don't take
  • #4
  • Edited 3:39am Sep 27, 2012 3:28am | Edited 3:39am
Quoting Rooi

TP still open

ROOI:nerd:
Closed at +26pips +0.5%

NOT RISKING THE NEWS AS I HAVE HAD A ROUGH WEEK

Trading errors that could have been avoided

ROOI:nerd:
Attached Image (click to enlarge)
Click to Enlarge Name: cable 26pips.gif Size: 20 KB
We miss 100% of the shots we don't take
  • #5
  • Sep 28, 2012 12:05am Sep 28, 2012 12:05am
Short cable

Quarter/Month/Week end(so there should be some serious re balancing of the big boys books today

Weekly still at the same double top
Daily at the top of the range for the week
Big 4hr resistance level(price has been rejected of here strongly before)

Trade taken even before Frankie or London open which is a added risk

SL=25pip
TP= Open
Risk 0.5%

ROOI:nerd:
Attached Image(s) (click to enlarge)
Click to Enlarge Name: short cable 28sep12 1.png Size: 203 KB
Click to Enlarge Name: short cable 28sep12.png Size: 113 KB
We miss 100% of the shots we don't take
  • #6
  • Sep 28, 2012 12:18am Sep 28, 2012 12:18am
Fiber

Top of the 4HR descending channel and at resistance

Too early for me to go into this as I am working on limiting my risk and looking to diversify over other pairs that might be less correlated

Because I believe if the cable breaks higher fiber will follow and vice versa (to a certain degree)

AND

Might be a bull-flag in the making.This is where they will decide where we are heading next month and maybe the rest of the year.
I would love to see 1.18 again

Leaving some more risk for later.

ROOI:nerd:
Attached Image (click to enlarge)
Click to Enlarge Name: fibre top of hour channel.gif Size: 24 KB
We miss 100% of the shots we don't take
  • #7
  • Sep 28, 2012 2:49am Sep 28, 2012 2:49am
Quoting Rooi
Short cable
+15
SL to BE

Today is going to be very choppy

BUT

Would love the trade to survive to the down side because if the weekly prints
a double top.We will heave a good position to start build a decent downward attack and can add if the momentum continues.

BUT

Like I said its Q,M,W's end and there should be a great deal of profit taking
so expecting some serious whip shawing.

So will see where we go from here

ROOI:nerd:
We miss 100% of the shots we don't take
  • #8
  • Sep 28, 2012 3:09am Sep 28, 2012 3:09am
Quoting Rooi
+15
SL to BE

Today is going to be very choppy

Like I said its Q,M,W's end and there should be a great deal of profit taking
so expecting some serious whip shawing.

So will see where we go from here
Took 21pips +0.4%(missed my 25 pondering.FFS.need to stick to the plan)

Not going to risk the profit on a day like today.

Completely flat now and think I will stay that way till LO on Monday.

ROOI:nerd:
Attached Image (click to enlarge)
Click to Enlarge Name: cable 28sep 12.gif Size: 21 KB
We miss 100% of the shots we don't take
  • #9
  • Oct 2, 2012 10:47am Oct 2, 2012 10:47am
Short cable

4Hr resistance level
Last weeks down UTL(was breached once)
Bounced of the WP

Not the Best setup only risking 0.25% of capital

SL 25pips
TP open

ROOI:nerd:
Attached Image(s) (click to enlarge)
Click to Enlarge Name: cable short 2.10.2012 1.png Size: 194 KB
Click to Enlarge Name: cable short 2.10.2012 2.png Size: 137 KB
We miss 100% of the shots we don't take
  • #10
  • Oct 2, 2012 12:36pm Oct 2, 2012 12:36pm
Quoting Rooi
Short cable
+15
SL to BE
TP 25.

Calling it a night

ROOi:nerd:
We miss 100% of the shots we don't take
  • #11
  • Oct 2, 2012 12:41pm Oct 2, 2012 12:41pm
Rooi,

Nice. Most people won't do what you're doing, that's why I like the 'Journal' section of this forum.

You are exposing your strengths and weaknesses to the very critical/skeptical public eye. Facing fears means growth...stepping out of our comfort zone helps us to become a better trader (or whatever in life).

I'm gonna study your trades for a few days and see how I can benefit. I like how you use several time frames to assist in making your decision. I may need to consider that one aspect to make an improvement in my trades.
Everything easy was hard at first
  • #12
  • Oct 3, 2012 1:11am Oct 3, 2012 1:11am
TP 25 Hit

+0.25%

ROOI:nerd:
Attached Image (click to enlarge)
Click to Enlarge Name: cable 28sep 02.10 1min.gif Size: 21 KB
We miss 100% of the shots we don't take
  • #13
  • Oct 3, 2012 1:19am Oct 3, 2012 1:19am
Quoting ocd
Rooi,

Nice. Most people won't do what you're doing, that's why I like the 'Journal' section of this forum.

You are exposing your strengths and weaknesses to the very critical/skeptical public eye. Facing fears means growth...stepping out of our comfort zone helps us to become a better trader (or whatever in life).

I'm gonna study your trades for a few days and see how I can benefit. I like how you use several time frames to assist in making your decision. I may need to consider that one aspect to make an improvement in my trades.
Thanks for looking in and leaving a comment

Yip Multiple time frame analysis is the only thing that seems to work for me.

Yes exposing ones self is a very tricky thing to do when you have not yet mastered what you are doing. That's why I thought if I set up a public journal it might help me think my trades through and if they go wrong then people can leave a comment why it went astray.

I see you have something similar where you post trades as well.I will look to go through it.

Best of luck to you

ROOI:nerd:
We miss 100% of the shots we don't take
  • #14
  • Oct 3, 2012 2:57am Oct 3, 2012 2:57am
Morning Rooi,

Do I have to come to your house now

looking good,

  • #15
  • Oct 3, 2012 3:15am Oct 3, 2012 3:15am
Quoting Dayboy001
Morning Rooi,

Do I have to come to your house now

looking good,

Hahaha

I will definitely be around journal a great deal as I have learnt so much from you already and look to learn a great deal more.

See you are doing very well again this week.

Keep it up

ROOI:nerd:
We miss 100% of the shots we don't take
  • #16
  • Oct 3, 2012 4:24am Oct 3, 2012 4:24am
Short cable

Daily support broken.looking for that to turn to resistance
4Hr support turning to resistance

Not the best entry I could have asked for.need to work on my patience a bit more and not let good opportunity's pass me by.

Risk 0.25%
SL 25
TP 25

ROOI:nerd:
Attached Image(s) (click to enlarge)
Click to Enlarge Name: short cable03,10,12 1.png Size: 133 KB
Click to Enlarge Name: short cable03,10,12 2.png Size: 220 KB
We miss 100% of the shots we don't take
  • #17
  • Oct 3, 2012 6:20am Oct 3, 2012 6:20am
Quoting Rooi
Short cable
+15
SL to BE

ROOI:nerd:
We miss 100% of the shots we don't take
  • #18
  • Oct 3, 2012 6:50am Oct 3, 2012 6:50am
Quoting Rooi
+15
SL to BE

ROOI:nerd:
Stopped out at BE.

Looking for re-entry

ROOI:nerd:
We miss 100% of the shots we don't take
  • #19
  • Oct 3, 2012 9:27am Oct 3, 2012 9:27am
Hi Rooi,

If you get chance when you post i think it would be a good idea to put the price so it can be easily seen

keep it up



Quoting Rooi
Short cable

Daily support broken.looking for that to turn to resistance
4Hr support turning to resistance

Not the best entry I could have asked for.need to work on my patience a bit more and not let good opportunity's pass me by.

Risk 0.25%
SL 25
TP 25

ROOI:nerd:
  • #20
  • Oct 3, 2012 10:35am Oct 3, 2012 10:35am
Quoting Dayboy001
Hi Rooi,

If you get chance when you post i think it would be a good idea to put the price so it can be easily seen

keep it up

Will do.

Will make it easier your right

ROOI:nerd:
We miss 100% of the shots we don't take
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