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Trading journal of LE1 methods

  • #201
  • Feb 28, 2013 10:06pm Feb 28, 2013 10:06pm
4 month practice review.

After 4 months practicing with LE1's methods I've really learned a lot and have a strong feeling that this the right way to follow. Although my AC now just come back to the starting point (100USD) again. I'm very happy because I've gained a lot valuable experiences in both technical skills and psychology BUT paid for nothing. It's free.

Thanks again Master Arjun for your teaching.

I'm still studying again LE1's posts. This is the 4th time. Because I'm stupid I can't understand immediately. Everytime I read I learn a bit more. Eventhough I understand, it's not sure that I could do it right.

I will stop trading until making a clearly written trading plan and rules to follow strictly. Patient and discipline are key to survive in this bloody market.

I did overtrade and trying to revenge or make up after a loosing streak. I'm fear to lose after a winning streak. I'm greedy, I'm chasing etc. I'm aware of the beasts & demonds inside me. But it's not easy to tame them.

I need more time to pratice. Please be patient with me.
Accept as it is being!
  • #202
  • Mar 1, 2013 5:36am Mar 1, 2013 5:36am
Best entry of the week. I'm sure Master Arjun will take it.
BUT what's wrong with me? BE again. Maybe God punished me coz quarreling with my wife this morning.
Attached Image (click to enlarge)
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  • #203
  • Mar 1, 2013 5:43am Mar 1, 2013 5:43am
And here. What unlucky I am with first entry. Trailing EA did not work right. I set it locking BE after 8pips but It didn't work properly. The price hit my SL by 0.1 pip spread and turned back.

Second arrow is a re-entry which is still running now (+30pips) but I want 10pips more.
Let see.
Attached Image (click to enlarge)
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  • #204
  • Mar 1, 2013 5:58am Mar 1, 2013 5:58am
Quoting Vnfx
And here. What unlucky I am with first entry. Trailing EA did not work right. I set it locking BE after 8pips but It didn't work properly. The price hit my SL by 0.1 pip spread and turned back.

Second arrow is a re-entry which is still running now (+30pips) but I want 10pips more.
Let see.
Hi Vnfx,

Keep an eye on the low from the 27th Feb for your TP don't try pushing it further.

I've been Short on this pair since 15.00 GMT 22nd Feb following 4h charts.

it might help you if you watch the 4h charts for trend the 1h for setup and 15m to trigger a trade.

Cheers

Steve
  • #205
  • Mar 1, 2013 7:08am Mar 1, 2013 7:08am
Quoting stevepatt
Hi Vnfx,

Keep an eye on the low from the 27th Feb for your TP don't try pushing it further.

I've been Short on this pair since 15.00 GMT 22nd Feb following 4h charts.

it might help you if you watch the 4h charts for trend the 1h for setup and 15m to trigger a trade.

Cheers

Steve
Thanks Steve for reminding. I did notice that level and therefore put target at that low .... ok ... I'm closing now.
My bias has also also based on D1 and H4 as tought by Master Arjun.
Cheers.
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  • #206
  • Mar 1, 2013 7:27am Mar 1, 2013 7:27am
Maybe I should watch USD-CHF as well. Very good basic setup AND .... no BE hit if I jump in this pair.
Attached Image (click to enlarge)
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  • #207
  • Mar 4, 2013 7:16am Mar 4, 2013 7:16am
First trade of the week. Lucky me.
I feel very uncomfortable after entry and I must go out so I reduced the target substantially.
Attached Image (click to enlarge)
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  • #208
  • Mar 4, 2013 10:05am Mar 4, 2013 10:05am
A good loser. But I will never trade this pair again.
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  • #209
  • Mar 4, 2013 10:48am Mar 4, 2013 10:48am
Late entry got me scare and stopped out at BE.
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  • #210
  • Mar 4, 2013 11:54am Mar 4, 2013 11:54am
Quoting Vnfx
A good loser. But I will never trade this pair again.
Hi Vnfx,

Don't give up on the Loon it's very good for trending.

Take your trading bias from the 4h chart.

Hope it helps

Steve
Attached Image (click to enlarge)
Click to Enlarge Name: 4th Mar 13 USD:CAD 4h Chart 2.png Size: 122 KB
  • #211
  • Mar 5, 2013 8:12am Mar 5, 2013 8:12am
No good basic setup today. I saw they're selling so I jump in but I was greedy and did not grab and run.
Attached Image (click to enlarge)
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  • #212
  • Mar 5, 2013 8:17am Mar 5, 2013 8:17am
Quoting stevepatt
Hi Vnfx,

Don't give up on the Loon it's very good for trending.

Take your trading bias from the 4h chart.

Hope it helps

Steve
Very nice chart mate! I know the trend but I just wanted to scalp a few pips but this pair not really moving.
Accept as it is being!
  • #213
  • Mar 5, 2013 8:30am Mar 5, 2013 8:30am
I must read again again and again thi post until understand what Master Arjun try to teach newbies.

Quoting loveevery1
Just wait for the setup and go for it without hesitation...trust it solely...before you start your day ...

Just go to HTF say daily or 4hr...and think what wil happen if the price hits this area...if it tell you LONG...what are the supporting aspects /// is there a RN around it///will it reach the ADR at that point.....why it says long there and if i enter at that point with the PA in 15mn...where will i put my SL...and TP..

Trust me these things take less than a minute...just stcik to the basics my friend...when you see them selling just sell when you see them buyin just buy

TARGET THEIR FEAR AND GREED THATS ALL
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  • #214
  • Mar 7, 2013 4:34am Mar 7, 2013 4:34am
Big problem of amateur/part-time traders are usually best setups happen when we do routine works so we missed them and then we easily lose patient when watching the sreen at our availabe time but no good setup appear.
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  • #215
  • Mar 8, 2013 7:23am Mar 8, 2013 7:23am
First arrow is a good loser for newbies to learn.
Second arrow is the best basic setup today.
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  • #216
  • Mar 8, 2013 9:07am Mar 8, 2013 9:07am
Good setup for CT entry BUT problem for newbies is we could not recognize until it already moved.
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  • #217
  • Mar 8, 2013 10:26am Mar 8, 2013 10:26am
It's good for +20pips BUT I was greedy to move TP to the next RN and fear to have nothing so finally I have only 5pips.
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  • #218
  • Mar 9, 2013 6:15am Mar 9, 2013 6:15am
Warning for newbies.
Quoting loveevery1
Do not jump from thread to thread folks...you stick to that method or to this method...if you keep clubbing another method to this method....it wont work....it will only confuse you...careful with that...it will make you more frustrated...

when you dont get a signal in this thread...you will change your template to another strategy and look for signals there...this doing will only confuse you coz you have not mastered EVEN ONE technique properly....

the idea behind this is to master one.....only one...thats what will make you money....if you keep jumping here and there....YOU WILL LOSE...I CAN GUARANTEE YOU...

or you will still be jumping for the next 10years when other folks who started with you have settled....

there is very little information on the chart....ALL IN THE HEAD folks......
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  • #219
  • Mar 11, 2013 9:32am Mar 11, 2013 9:32am
First trade of the week. Stopped out at BE luckily. My entry was early. Monday always very difficult.
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  • #220
  • Mar 11, 2013 7:22pm Mar 11, 2013 7:22pm
Target hit while I'm sleeping. Nothing better than this.
The greed tell me that I should target to the BRN. This is the newbies' problem - we don't know when to let the profit run.
But I'm still happy with +40pips.
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