Dna journal

this is just a journal
with the trade explorer i'll try to grouth my account

this is just a place where i can record my succes!!

and will contain my though

- trade with the trend

- wait the retacements and enter in trend's direction

- use constante range bar chart

- only trade eurusd

- 3 pips chart

in finding trend, will be useful some indicator:

- bands period 200, deviation 2.5

- rainbow a lot of ema!!

- 50 ema and 200 sma bigger than the other ma

4/5 % risk per trade - (10 pips = 1%)

stop loss 40/50 pips

take profit: this will be a weekly tp - 100 pips (10%)

- i will try to catch "big" movement ( some of 50 / 100 pips) with tight stop loss

- trade between london open and close

- one trade at a time

- rainbow in 3 pips chart will determine trend: slower ema below/above faster

- 50 ema / 200 sma cross will aid in determining trend

- it's a visual system

- avoid news

- if reach 50/60 pips in a day..... stop trading

- monday: if direction isn't clear, NO TRADE ON MONDAY!

- STOP TRADING FRIDAY 5 PM (italy time)

http://gyazo.com/57743b02bd35b8ffd803fb0dfdfbae86.png

this trade i opened yesterday,
some hour after my entry time (that last at london close)

so i closed it this morning, due to a lot of news coming..

http://gyazo.com/584ad254b799e5c90c4336827fe6a6aa.png

hi dnabrasi,

all the best to your journal. I will subscribe for a while.

I never used constant range bar charts: in your opinion what is the advantage? (does that mean on your charts each bar is 3 pips?)



Cheers
Ati

hi ati baia,
yes every bars is 3 pips

with rangebars you will better see what price do in relations with level, not with time
it will remove a lot of noise

Thanks.

BTW: do you still test the: 1 minute SMA or did you abandon it?

this is an evolution,
to generate rangebars, you shiukd run an ea onto 1 minute chart
and i use it with the same tpl

ah I see..

Much success to you.
I will stop by from time to time

Cheers
Ati

if you will brake your rules, you will lost money, surely..
let's see:

http://gyazo.com/8062b853cf983431fd6ae4e787be24d2.png

here i've broked some rules:

- avoid news----- today was a full day:

http://gyazo.com/3e487b75bf091f03caa09de5c74fbb61.png

- open 1 trade at a time

- wait for a clear retracement

also i've opened the first position after a run and near support

hi dnabrasil,

May I give you some suggestions/feedbacks as an outsider. not sure if it is ok or you are interested
(if you prefer to keep the journal only to yourself just say so and I stop posting)


1) I think it would be interesting/nice if you post sometimes the chart when you enter a new trade...
- especially because you used 3pips constant range bar chart

2) Feedback/input:
This trade jumps out of the page: 7lots? all other trades were 1lot or 0.5lot

it is interesting to me that you took this trade which seems to be a kind of "psychological" trade ... (kind of make it back at least to the initial deposit and a bit more)

please take no offence : I just want to give you a feedback as an outsider - maybe something to think about in the future.

Anyway I wish you much success
Ati

hi dnabrasil,

could you point me to the range bar indicator you are using .. would like to give it a try... thanks

Ati

this is an expert

Thanks a lot .. will give it a try
Ati