MY Journal-phil13

Hello once again. You have an interesting discretionary approach on the market and trying your best to avoid rigidty, which is no.1 killer for retail traders. I respect that. But I dont think that i could trade the way you trade. It is true that price is price, no matter the TF we look at, but one have to chose between trading longer or shorter term price fluctuations, at least I am more comfortable that way. But as a first reading I see that you are divided between the bigger picture that you try to follow and the smaller picture of the now moment, which you are trying to trade and ride the short movements. I think it arises some conflict. Not that you cannot be profitable that way, you probably are, but maybe you put more psychological stress, because you would often be on the wrong side. The market can beat you many times down, when you anticipate longs on a higher timeframe, and the opposite is also true. There are many short term scenarios that take place while you are gauging the long term play. Do you have myfxbook account where I can follow your statistics, if you do - please send me a PM if you would like. Wish you relaxing weekend !

Hi feline207

thank you for taking the time to read through my journal and your kind words, i really appreciate your comments and have noted them, it is usually easier for others to see areas for improvement so thanks again for your time spent here, i do not have any trade explorers or myfxbook account, i only trade for myself and have no intention of trying to get a job in this industry, trading OPM or teaching/selling anything, so as far as i am concerned i have nothing to show/prove to anyone else, i am just trying to document what i do trading wise and if it helps anyone else that is great, you will probably note i never say i made/lost £xx, xx% or even xx pips here and i never will for the reasons i have already stated, i have mentioned some break even trades as i cover my trade sizes, this is just to show the situation but the rest are obvious if someone wants to look, again i thank you for your interest in journey.


OK, page 9 now, so i am going to document how i see/find suspected duck hunts/fake outs/stop runs or what ever you want to call them, here is a trade i started friday in the hourly chart at NFP news release, i do not often trade NFP days but this one looked to good to miss out on, i am still in this trade at the moment. i will find and post some live duck hunt trades now.

seems like a good place to remove some.

still in the g/u...

here is a new live trade.....do not copy....no obvious sellers yet so risky. will update in hourly chart only.

starting to see first signs of sellers now......

loaded up now.....

removing some e/u......staying with the flow...may add again in a while....let's see what P/A does here??......

removing g/u now.....

e/u update.......removing..

another suspected hunt, let's see where this takes me......

another suspected hunt.........back in the g/u but long now.....

removing g/n, news soon......

why i do not gamble on the news......



removing some g/u......

i nearly made a mistake here, so i am going to document it and why, i have had an ok week so far, i suffer from overconfidence, this happens regularly, to try to avoid this when ever i see a possible opportunity, i now ask myself 'why are you taking this trade', this is what stopped me here, the simple answer was 'greed'. in the chart below i have marked my recent trade, the direction is clearly up with lots of momentum in the higher time frames, i do sometimes take counter trade opportunities if they arise and there is nothing wrong with that so long as you are confident in your strategy, but in this case the P/A in the bigger picture suggests not to (my overconfidence nearly made me overlook this), this is a case where intuition MUST be listened to and used as a guide, that does not mean it will only go up from here, it may/could fall at any point but my gut instinct tells ME not to take this opportunity.

AGAIN thanks to fti i now know how to recognise the difference between a stable mindset and a disturbed one, THANK YOU FTI my friend.

removing the last of the g/u........ waiting for news to pass now, normally i do not avoid this news but as it was a counter H1 trade and i am out, there is no point in adding/taking unnecessary risk. i try to trade only 'normal' market conditions.

back in g/u on the short side with the possible new hourly direction.......

removed g/u now and calling it a week...... i do not want to hold anything this weekend with the recent news that is about.

trading lighter this week with the Russia/Eastern Europe thing going on, i will not be taking any long trades in the eur, gbp or usd until they have all agreed to disagree and things are back to sort of 'normal', i must state that i am not saying i expect/have a crystal ball and these currencies will fall only, i am just not comfortable taking any longs at the moment so would rather ignore/let pass/miss out on the long opportunities that may present themselves in the charts. of course i may be wrong but you must be master of your own destiny.

i also have hospital appointments later today and on friday afternoon so this is another reason to trade light/not at all.


g/u looks like continuing in H1 so i am putting in a scout to see if i am right.

got to go out now, so here is an update on how i am leaving things.....

back now...only a small trade in, so let us see what tomorrow brings???????