Ice cream 2.0 Journal

Hello everyone,

I figure I need to start implementing a journal for my trading. I tend to get a little chaotic in my trading so I need to record myself and be disciplined and I figure this may help.

I am an intermediate trader with three years experience not neccessarily good experience. I am not full time. I have just broke even for the year and I feel I am getting better. This Journal will hopefully solidify that.

I Am just starting out with supply and demand levels coupled with FIBs and Pivots. I also run a couple of EAS which have proven profitable. One is commercial so I wont discuss that too much but I know the creator. the other two are personal creations of mine I had either made or tweaked to perform better. While the EAS run on one account I will manually trade on the other.

MY goal is NOT TO LOSE MONEY! I dont think having a daily percentage or pip value is helpful. It forces you to take bad trades if the market sucks and stop when the market heats up. This is to help me develop a trading plan. I use a lot of limit orders in my manual trading so use them at your own risk.

I whittled down to seven or eight pairs for now and may whittle it down further if I get confused until I master Supply and demand. Looking at too many charts without enough screens can create confusion especially if starting out with a new method. My goal is to have enough funds to buy a new or good used trading station by the end of the year.
The next goal would be to go full time six months after that.

Wish me luck

I too have been trading for 3 years with variable results. My understanding of technical analysis is good but actually making money is a whole different story. Looking foward to your post and your method. Check out my thread "'Trading with stocahstics". Good luck in your FOREX Journey.

http://i7.photobucket.com/albums/y28...emtemplate.gif

Ok Im a little lazy about drawing lines on charts. I figure if there is a tool for a job then I should let it do the work. Why use a handsaw to cut down a tree when you have a chainsaw lying around.

Some of the indicators are donational in nature. They are not mine. So I will not post them. When I make some money from them I intend on donating. But I dont think they would allow me to post them. Both FF and the coder. If you want them google around and you will find them.

The boxes represent areas of supply and demand. They are multi Time frame in nature.

Green -Chart time frame supply
Light red- chart TF demand
Aqua- Daily Supply
Orange-daily Demand
Purple-weekly supply
Yellow-weekly demand
Solid boxes are virgin zones and hollow boxes are touched zones.

I then placed a daily Pivot on my chart because I usually work with the h1 TF or sometimes the m15 or m5 for a quick scalp but Im trying to get away from that. h1 is nice and easy to start with

The blue lines on the side are various fib retracement and expansion levels.

The green squiggly lines are the 50 period Bollinger band.


I suggest you go and watch Sam seiden videos until your eyes bleed I'm not going to explain supply and demand. Go watch the videos. Then read all the way through Rocky's journal to pick up the rest. Then hang out with deankenney in his skype room. He's a bit more of a purist than I but without his meteoric rise I would not have been convinced of these methods. This is a journal for my own selfish purposes.

Now the more conditions that are met the better chance of having a good trade.


Condition one -we reached a GOOD supply or demand zone (check origin of zone to see if price moved sharply away enough for a two to one reward to rsisk ratio)

Condition two- Zone confluences with Fib level

Condition three- Zone confluences with pivot level

Condition four- current Timeframe zone is inside Daily or weekly zone of same type.

Condition five- Price is outside of Bollinger band while inside the zone

The more conditions are met the higher the trade probability. One through four can be seen in advance. Number five cannot

So I place A limit buy in a demand zone or a limit sell in a supply zone and wait for price to come and meet my limit. My stop is a few pips past the outside edge of the zone and my first target will be a few pips away from the inside edge of the opposite zone for at least a 2:1 reward to risk. I use and EA that draws draggable lines for SL, TP, and BE. And I have drag and drop scripts to place and modify my limit orders. As I said before I am lazy and if I can find a tool to do the job all the better.

This is untested so Im not going to give out the template or the indies. This is a journal. If you want to follow along thats great! Its for me to develop a little bit of discipline I have been lacking.

So far My trades have been lack luster .

Two Usd sgd trades stopped out for >.5% each.
g/y trade stopped for BE+1


E/u trade not triggered. have set up limit slightly lower looking for a retrace before it takes off. I believe it will short big time on tuesday.

Set up all charts on one hour as the stop outs seem to occur at the fifteen and do not allow enough wiggle room. will continue superior money management until my eye gets a little better than I can risk more.

One hour also doesnt have me running to the computer screen every few minutes because some minor SZ or DZ has been hit. Columbus day and JPY holiday caused thin markets making retracing almost an impossible jump to get on the train ride of the dollar bear run. fortunately Badass caught onto the trend. Still holding some drawdown down low but will make up some more profits before I cut them loose.

New EA hasnt traded today. Its a picky one. LOL But I know its a good one.

Reminder to place Rapture on retail sales coming up and finding other Spiker news events.

I have been waiting for levels on levels to continue trading. Once again I was stopped out on a great cable trade just before it took off. I believe I am still not givin g the trades the breathing room they need while going positive. will continue to slowly increase Break even mark.

Rapture EA is doing well. Placed on Ozzie NFP and it took in quite a few pips. Not so good on retail sales. I kept it on too long on usdcad and lost a few pips in the process. but gained more than lost.

Badass Ea continues to perform as expected but holding a signifigant draw down. Its more or less running in the back ground now.

No trades on my friends EA. The quiet one I will call it. LOL

Over all gain on the account this week was 5%. Not too bad. I expect this to go up as my manual method improves. The E/u will be setting up for some shorts this week as we have penetrated deep into daily supply. Looking for shorts in hourly supply areas. If daily supply holds other pairs should fall into line by mid week.

opened a free trading room on anymeeting.com


www.anymeeting.com/badass1

I will be available mostly during the asian session and maybe ealry london at times. Basically will make it available for everyone. a place whwere we can share screens and Ideas.

Sorry I havent posted. Been crazy busy last week. Upping my risk since I am now more comfortable with the template and have modified it.

Couple of good manual trades but My discpline in recording has been lacking. Need to keep up what I started as this has been my biggest down fall.

Also added a trend tool when price is in between major zones. will paper trade this new idea to see if its feasible.


Opening room up this evening if you want to hang out and knock back a cold one and look for swing opps with me.

will open it around 6pm EST. Nothing webinary. Just hanging out and people swapping screens and fish tales.

Hi folks. Been flying around in the real world for a while. This journal is more for my own needs but if anyone wishes to join along I'd be happy for the company.

I had a series of unfortuante events that forced me to pull my Risk capital. Now Hoepfully most of those things are behind me. Being a father, husband a friend and having a full time job makes trading sometimes difficult but I do know if I continue to persevere I will make itin this game.

Some of my methods are a little unconventional but I have adopted more conventional things. I trade support and resisitence using trend lines as well a s fib or two. I adopted a new strategy which keeps me out of trouble. It's a home made Oscillator based on moving averages. Back in the saddle for a week now and I just a couple of pipssdown. This week has been crazy. But my new oscillators show clearly why.

Will post up some screen shots later. I still follow sam seidens teachings as well as rocky's journal. I hope to be as good as them one day. Time can make that difficult though.

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Ok How this works. The JMA Oscilattor is the combination of the two histograms beloow. This shows you the slope of the Jurich Moving Average (basically an high reactive MA.) The top one is the 4h and the bottom one is the m15.

I have horixzontal lines placed on the 4h at at .007 and -.007. These tell me that the uper levels trends strength. If it passes those lines things are starting to heat up and thats a good thing! If its inside those lines then price is just meandering so i either stay out or trade with very small lots range trading using s/r .

Once outsdie the lines I can safely trade (or more safely trade) In the direction of the upper level trend. I then use the bottom histogram that looks for retraces against the upper level trend aand trade off of supprt and resistance lines as well as trend lines.

All lines and charts are automated. Im lazy so I look for tools to do the job. Today was extremely slow and only manged to lose about 3 pips. Can't wait for my oscillator to give me the green light.

Set my my rapture EA for Ozzie new tonight. Rapture wouldn't work on my old broker. Lets see what it does with my new broker.

Only managed a 1.5% increase in equity based on ECB rhetoric. Chickened out early as it would have been an easy +3% but i listened to a few too many bears. Hanging on for tomorrow.
Going camping this weekend so My time may be a bit scarce. Got Wi fi acces but not sure I'm going to use it.

Forgot to set rapture up for five digit broker. As a result it opened way too many trades and had the TP's and SLs too tight. Not good!!! Lost 9% on my account. Its a shame because I would have made a killing on the USD cad and a nice chunk of the usdchf. Live and learn Created a set template for next time so I don't blow it. added all the zeroes in for five digit pricing. But At least i now it works now. Better than my old broker. At 9% I I only need to make back to 10% to recover. That's doable.

Made up my loss on the Drop last week on the e/u. back in black. Got RBA tonight so I will set up Rapture EA on a couple of ozzie pairs. Looking to sell the rallies from supply zones for now on e/u. No time to follow any others except for news events. Hope the RBA is a good one. New broker is awesome. How I missed FIFO!