Simple Chart Trading Journal

"One half of life is luck; the other half is discipline and thats the important half, for without discipline you wouldnt know what to do with your luck." - Carl Zuckmayer

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Week 1 Performance:

Sell EURGBP - 3 pips
Sell EURCHF - 9 pips
Sell USDCHF - 7 pips
Buy AUDUSD - 10 pips
Sell USDCAD - 4 pips
Buy USDJPY - 14 pips
Sell NZDUSD - 11 pips
Buy EURGBP - 1 pip
Sell EURJPY - 11 pips
Sell EURUSD - 5 pips
Buy EURUSD - 5 pips
Sell GBPJPY - 12 pips

Total Pips For The Week: 92 pips.

Note to self for the week - Discipline runs you. Let the system go on its own and the position will definitely close.

Target for next week: 100 pips.

Edited - Decided to add my results for the week.

As trading is not my full time job, and having a day job to run, I am not able to catch all moves. Here are some performances through the week that are good to take for trades that will bag you up to 50 pips through the week.

This will be the format of how I will be updating this journal every week. To maintain performance records and give examples on how to take the trades so I can better improve myself. Feel free to learn with me.

Good picks on system! Just a question though, if the market goes against you, when do you determine when to move out from the market since there's no stop losses?

Liking the quote "Discipline runs you." True enough, not to let yourself 'run' discipline.
All the best to you and your system as well! "....to achieve happiness, prosperity and progress..." to our folios!
After all, as your sig suggests, 1 pip gain is better than 1 pip loss.

Well earlier I took a EURCAD trade which went really sour. It went about 4 pips in my favour before turning around 70 pips. I am still modifying the system, however with RSI, there are cases where price pushes up higher again and then comes back then. I am adjusting the system to see how I can avoid such issues in the future.

I have decided to stop for the week.

Started off the week with a horrible trade although the trade did eventually come down to my TP, but I decided to cut the trade short and take a loss of about 100pips.

In total here's my score for the week:

Sell NZDUSD - 11 pips
Buy EURUSD - 8 pips
Buy AUDUSD - 11 pips
Buy EURJPY - 4 pips
Buy NZDUSD - 12 pips
Sell EURCAD - -70 pips
Buy AUDUSD - 14 pips
Buy USDJPY - -30 pips
Sell NZDUSD - 3 pips
Sell USDCAD - 8 pips
Sell AUDUSD - 2 pips
Sell USDJPY - 4 pips
Sell GBPUSD - 4 pips
Sell USDJPY - 7 pips
Sell USDCHF - 6 pips
Buy EURJPY - 7 pips
Sell AUDJPY - 8 pips
Buy USDCAD - 4 pips
Sell EURCHF - 4 pips
Sell NZDUSD - 9 pips
Sell AUDUSD - 7 pips
Sell EURUSD - 3 pips
Sell EURGBP - 11 pips
Sell USDJPY - 10 pips
Sell USDJPY - 5 pips
Sell AUDJPY - 3 pips
Sell USDJPY - 9 pips
Sell USDJPY - 11 pips
Sell USDJPY - 4 pips
Buy EURUSD - 5 pips
Sell USDJPY - 1 pip
Sell USDJPY - 3 pips
Sell USDJPY - 4 pips
Sell USDJPY - 2 pips

Total Pips For The Week: 104 pips.

Note to self for the week - Go easy on the leverage, trade within your means.

Target for next week: 120 pips.

I am going to minimize on losses. I could have gotten a much better result if not for the losses. Although the system is more on scalping, I will work more on it to catch tops and bottoms and work on extending the amount of profit per trade.

Good calls for the week bud! However, if the 100 pips were to be minimized, it would have been greater!
All's still good and yup try to minimize on losses and you'll definitely be overtarget next week.

Yes definitely. Need to start targeting minimum of 10 - 15 pips per trade as well to maximise profit made per trade.

Hopefully can even hit 200 pips next week!

Once again, decided to call it a day.

Some trades are taken really badly. I will have to start revising my strategy to pinpoint ups and downs. Post FOMC moves have been terrible with AUD and NZD pushing up so much.

In total here's my score for the week:

Sell AUDUSD - 5 pips
Sell AUDUSD - 1 pip
Sell EURJPY - 2 pips
Buy EURCHF - 6 pips
Sell NZDUSD - 1 pip
Buy EURAUD - 10 pips
Sell EURCHF - 12 pips
Sell EURUSD - 17 pips
Sell EURCHF - 1 pip
Sell USDCAD - 5 pips
Sell EURUSD - 45 pips
Sell AUDUSD - 4 pips
Sell EURCHF - 1 pip
Sell USDCHF - 3 pips

Total - 113 pips. Missed my goal by 7 pips.

Target for next week shall be 130 pips and also to clear up all the trades that are still underwater.

Having such an awesome week this week. Holding on to 2 accounts and making pips from both accounts while watching all the currencies fall as I short the hell out of everything.

Now expecting some bounce from AUDUSD.

See further downside for GBPUSD as well.

Can't wait to post my results.

Awesome job bro doing really well!
Thanks for the signals too from time to time!

Keep it up and keep reaping pips!

Thanks and no problem!

What a crazy week it has been. Closed an AUDUSD trade that I should not have closed. But either way, with a fresh account by my side, I now have one account for 1H chart watching and another for daily chart watching. And the results are amazing.

Finally got time to update my journal.

Massive sell off this week followed by a huge GBP bounce that caused some problems for me. I am looking for it to go lower though.

Score for the week -

Main Account:

Buy USDCHF - 3 pips
Sell EURGBP - 1 pip
Sell NZDUSD - 10 pips
Sell USDJPY - 6 pips
Sell EURUSD - 12 pips
Sell NZDUSD - 56 pips
Sell GBPUSD - 4 pips
Sell EURGBP - 2 pips
Sell GBPUSD - 2 pips
Sell GBPUSD - 37 pips
Sell EURUSD - 3 pips
Sell USDJPY - 3 pips
Buy USDCAD - 1 pip
Sell AUDUSD - 7 pips
Sell EURUSD - 7 pips
Sell NZDUSD - 18 pips
Sell EURGBP - 3 pips
Sell EURGBP - 2 pips
Sell NZDUSD - 10 pips
Sell AUDUSD - 5 pips
Sell USDJPY - 3 pips
Sell AUDUSD - -150 pips
Sell EURUSD - 8 pips
Sell EURUSD - 3 pips
Sell USDJPY - 7 pips

Attached Image (click to enlarge)

Second Account -

Sell GBPUSD - 7 pips
Sell EURJPY - 15 pips
Sell NZDJPY - 6 pips
Sell USDCAD - 1 pip
Buy GBPAUD - 16 pips
Buy GBPAUD - 12 pips
Buy GBPAUD - 38 pips
Buy AUDUSD - 47 pips
Buy AUDUSD - 42 pips
Sell GBPAUD - 6 pips
Buy AUDUSD - nil
Sell EURUSD - 8 pips
Sell GBPUSD - 3 pips
Sell GBPUSD - 28 pips
Sell NZDUSD - 30 pips
Sell GBPUSD - 2 pips
Sell GBPUSD - 15 pips



Total pips this week - 339 pips

Also to note, I am using higher lot amounts for some trades this week. So I definitely got a higher return this week as compared to previous weeks.

Overall, I would definitely want to avoid the AUDUSD loss again. Could have gotten much more. But I definitely went over my target for this week.

To prevent stress of trading, my target for next week shall be a consistent improvement of 150 pips.

I noticed majority of my trades were closed too early, especially on my 2nd account where I could turn a single digit pip profit into at least 20 pips. I will definitely learn patience.

I have just done a modification on my trading strategy to further improve on range bound trading and trend trading.

I have also turned the MT4 Terminal window into a pop up window so I could expand my charts as I have added a few other indicators on the charts to test.

Now let's see how this works out. Still looking to have a profit this month.

If this strategy works out, I could start up a trading explorer again.

It is that time of the week once again. Having a decent week, shall be more than happy to end it here.

Made a blunder by closing GBPJPY by accident. Otherwise this week would have been excellent.

Score for the week -

Main Account:

Sell AUDUSD - 2 pips
Buy NZDJPY - 7 pips
Sell NZDUSD - 12 pips
Sell AUDUSD - 16 pips
Sell NZDUSD - 5 pips
Sell NZDUSD - 4 pips
Sell USDCAD - 31 pips
Sell EURJPY - 21 pips
Sell USDJPY - 7 pips
Sell GBPJPY - 4 pips
Buy EURUSD - 12 pips
Sell EURGBP - 12 pips
Sell EURGBP - 14 pips
Sell GBPJPY - -86 pips
Sell USDJPY - 7 pips
Buy EURJPY - 3 pips
Sell USDCAD - 17 pips
Sell NZDUSD - 12 pips
Sell GBPUSD - 3 pips



Second Account -

Buy USDCAD - 4 pips
Buy USDCAD - 17 pips
Buy EURGBP - 7 pips
Buy AUDJPY - 6 pips
Sell AUDUSD - 1 pip
Sell GBPUSD - 14 pips
Sell GBPUSD - 4 pips
Buy USDCAD - 13 pips
Buy USDCAD - 16 pips
Buy USDCAD - 8 pips
Buy GBPJPY - 14 pips
Sell GBPJPY - 51 pips
Buy AUDCHF - 5 pips
Sell USDCAD - 6 pips
Sell USDCAD - 1 pip
Sell EURUSD - 1 pip
Sell GBPCAD - 8 pips
Sell GBPAUD - 33 pips
Sell GBPAUD - 34 pips
Sell GBPJPY - 16 pips
Sell GBPJPY - 50 pips
Sell GBPJPY - 21 pips
Sell GBPJPY - 23 pips



Total Pips for the week - 456 pips

Once again, if not for GBPJPY mistake, I would have a higher pip count. So note to self, do not click so quickly.

Also, very impressed on my 2nd account, being able to clock over 300 pips. This is my most impressive week yet. There is still one more week to go before the end of the month and I will post a final review of the accounts.

I have actually broken off from my strategy and started to look into trading support, resistance instead of pure bollinger band breakouts although bollinger band breakouts are still very vital and shows direction for a short retracement.

I am also using my 2nd account for bigger time frame trades, thus the larger number of pips per trade. I will base these trades on a Monthly and Weekly direction. Then I will use Daily to check which way it is going now and 4H and 1H to entry. I find that the strategy works well with the indicators too but requires some monitoring.

Edit:

Not to be complacent, my target for next week shall be 170 pips!!!!!

Now holding on to 3 accounts. 1 for pure 1 hour strategy, 1 for Daily long term resistance and support + bollinger bands trading, and another for hedging the first account.

I plan to close the 3rd account by the next month.

This week is progressing fine so far. Looking forward to post my results for the end of the month.

HI AET .. moeda here. i saw your journal..
u trade so many oair.. why u dont try charting with basket trading.. u can start with kosomolate thread, seller 9 thread or the original one by Trader101 or khalil abowaik.
with basket chart its very much help us to manage our trade speciality for many pair traded..

hope this information can help u, so u can try this system again..

see you.. and may many green pips always with you

Nice work Aet 👍. I'm a part time trader and love reading success stories. Keep up the great work.

I don't really know what basket trading means. But I looked it up and it seems like it is a concept to hold a large number of trades across a variety of pairs. Actually I don't trade many pairs. I only work on 12 pairs. And these are the more common ones and inter-related ones. I basically have my trading system set up like this:

EURUSD - USDJPY - USDCHF - NZDUSD - AUDUSD - GBPUSD
EURGBP - EURJPY - USDCAD - NZDJPY - AUDJPY - GBPJPY

So my screen can observe all 12 pairs at the same time, while the relevant ones are just side by side each other. I should probably put EUR and GBP together though.

But the reason I did this is so I can observe how the pairs are moving with one another. It is very easy for me to identify if USD is strong or GBP is strong or JPY is weak when GBPJPY has a strong up move.

And I do not wish to do basket trading because I trade on a specific strategy where the trades are either overbought or oversold at certain time frames. I do not place my trades on all 12 and wait for movement. I find that to be unnecessarily risky and silly.

I will post up my full trading screen soon once I have closed my 3rd account because I have thought of something to do with my 1st and 2nd accounts and how to trade effectively with 2 accounts.

Stay tuned!

Thank you! I am also a part time trader although I am spending more time now working on this strategy. But so far it has not failed me. I work on a concept where having a 1 pip gain is better than a 1 pip loss. Many people want to catch the full moves, of the highest highs to the lowest lows. But I feel that it is risky to predict such movements. And I am content with a slice of the pie by just catching a slight portion of the move and waiting for the next move.

I hope to see you succeed too.

Cheers.