Simple Trading Journal by Pipetto

Hi, Pipetto! I wonder if you have considered monitoring your trades on your smartphone or a tablet. Wishing you a successful trading year ahead.

I marked the important things you mentioned. As always thanks for your experiences and kind words. I have to admit that I love the AUD/USD.. Maybe the daily range is not the widest but it usually works like a charm for me. Spread on my broker is constantly good. (1.5-2)
To be more disciplined I think it is important to filter out what exactly you are doing wrong and why you are doing it wrong. I also think that some trades I took in the past were opened because I looked for some kind of thrill. Searching for a kick if it works or not but trading should be without emotions and this becomes hardest when an expected move is ongoing but with you on the sideline.
I try to get an objective view, seeing it in a rational way. Become calm and become CONSCIOUS that this would be a bad move if I chase price now. If I can come into this state of mind.. being my own observer I will make it. Giving up is no option. It is fun working on yourself and discovering how your mind works. I am already in the state that I know what I do wrong. Now I just need to do things right
When it comes to pairs, I usually observe all majors and do my daily and weekly routine of checking the higher timeframes to find good markets to work in.
I wish you and ALL the other readers a successful new year!

Pip

Thanks for bringing this up but I am like a dinosaur when it comes to smartphones. For some people not imaginable but if I leave my home I am not able to communicate with the internet And honestly I dont want that. Running around like a zombie and staring at my phone. I just have to set and follow the rule that I do not trade when I can not monitor the trade. I know I could not let my eyes from the phone/tablet if I knew there is a trade going on! This is no offense but I just dont like that Anyways thanks for this advise and I wish you a successful year as well

Already working and again in front of the charts. No time to have a hangover (besides sylvester is way overrated imho )

Today I laughed again about me and my trading. I presented a chart in post #8 and wrote my ideas to this chart as well. Now 3 days later price moved as I anticipated and even further (116pips) and I took no trade in this instrument

Just wanted to file this as a reminder that my thoughts are quiet reasonable.

GBP/USD daily


I am back at the charts and at work. Today is the first and best day to create your future.
And as a new years present for all hangover victims some party music to create some good mood Have fun!


Pip

Hello traders,

what a start of the market in the new year. In nearly all pairs we saw massiv action and really nice setups. Those days there was a lot of stress at work and so I had no time to observe the markets until 2pm european time and so I just catched a nice little move in the GBP/JPY in the NY session. I followed my rules today in the morning not to trade before London open and when I am not able to manage a trade. So far I am happy with the day and the quality of my trading!

GBP/JPY SHORT


I think I will scan the instruments later and post some ideas.

Pip

Hello traders,

I think I am done for the day. Two trades. Two winners and 52pips. If my schedule will allow me I will keep watching some pairs for pullbacks to reenter..

Good luck to all of you!

EUR/USD short


GBP/USD short


Some may say that I took profit before my mentioned targets in the entry post but sometimes I like to take my profit and be happy with it. Gut feeling is there to use it and taking profits can not kill your account

Pip

Took another pullback in the NZD/USD. Maybe a bit late but still valid in my eyes. Anyways stopped out BE.

NZD/USD short


Pip

Reentry on the M5 chart NZD/USD and hold it to the ADR (but I think there is way more space to the downside). Anyway banked another 13pips. Still in the GBP/JPY short and already BE. Will post it when stopped out or in profit

NZD/USD short


Pip

And the last one for today. Banked another 23pips. Overall nice profit for the day and looking forward to tomorrow.

GbP/JPY short


Pip

Hello traders,

today I learned my lesson again. 3 trades. 3 losers but could cut them short. I am not satisfied with a single one of them. I just have to keep in mind that NOT trading is also part of the game. When there is no setup. Do not look for it! There is none! Here my gallery of evil

EUR/USD short


USD/CAD long


EUR/GBP short


I think I will wait for the news and then scan the market again. But first I have to calm down. Cool down the emotion. Resist the fear of missing a trade and avoid doing stupid things like chasing price. See you later guys and green pips to you!

Pip

Not my day at all. Overall my mindset is bad so I decided to stop trading for today and be on the sidelines.

This is probably the worst trade since days. Entry was nice and I was quick in the green (+20pips) but let my SL on its initial place to just take a loss of 12pips... Trying to describe my emotions back then would be something like: Hoping that it turns around, beeing geedy for more profit than 20 because of the losses so far and "DAMN that EUR has to drop.. I know it..." Obviously this has nothing to do with serious trading. But now take a look:

EUR/JPY short


In the next one I lost my balls seeing it react in the first place on the RN 0.7350. So looking at the charts now does hurt because this move would have covered all my losses and would have been enough to even give me a small profit for the day.. but the won..

EUR/GBP long


And finally the last one.. Maybe I got chickened out here as well.. target was BRN.. but no.. like it

GBP/USD short

To summarize it. An absolutely uneccessary day in the red. The only good thing is that I did not started to add to losers or let the losers grow bigger and bigger.. At least one positive thing. May it be a lession for me and you. (Or entertaining for the pro traders )

Pip

Couldnt resist and took another two trades. Would still be in USD/CAD but high impact news are one thing I want to avoid.. especially when I can not bring my trade to BE before. With GOLD I nearly covered all my losses for the day. Thats why you should keep losses small.. One winner and you are back in the game!

USD/CAD long


GOLD long


Now I am excited what will happen during the news time

Pip

Traded the pullbacks which presented after FOMC but unfortunately it didnt work out. Like always losses were cut and I am finally done.
I traded that late because the last times after FOMC was still nice volatility to trade the markets and I am still bearish on both pairs. But AUD/USD has some heavy news later and I want to sleep

AUD/USD short


GBP/USD short


Good night :nerd:
Pip

Hello Traders,

today just 2 trades and 41pips. This gives me a new equity high for the week. Cant believe that because my trading was mainly poor... Think about what would have been possible if I would have traded like a professional..
Bearish sentiment in the GBP/USD continued in the morning and also the bullish one in the U/C I mentioned yesterday. Certain markets seem to reverse (at least on the M15) so there are no interesting spots for me right now.

GBP/USD short


USD/CAD long


Good luck to all!

Pip

Last trade for the day. Long in Gold and nice 36pips. Overall 76pips today and happy with the result.

GOLD long


See you tomorrow

Pip

Hello traders,

2 trades so far. Both in EUR/USD and bot with a tiny loss. After getting stopped out BE I reentered on the M5 timeframe but got taken out very quick. My sentiment switched to bearish here and I will look for new setups to the short side until I see changes due to NFP news.. Both trades together took away 10 pips. With that I can live.

EUR/USD M15 short


EUR/USD M5 short


Pip

Next trade and a positive one

EUR/USD short


Sentiment (on M15) changed from bullish (yesterday) to bearish IMO and therefore I looked for shorts. Of course I knew that NFP would take place but risk was in check and my broker has already no slippage. So fine for me.. plan worked out.. could have been 20 pips more but was too slow to close the trade.. The nice confluence between BRN 1.0800 and 161% extension fib was very juicy and the original target.
Maybe I find some setups later. But will definetely post the weekly summary in the evening. So far.. good luck to you guys :nerd:

Pip

Dios mio...

Last day of the week and I fell into an old bad behaviour.. I lost my cool and overtraded .. 7 trades and nearly all of them were just bu....it!!
At least I did not lose much and I am still in profit for the day.

GOLD long 1


GOLD long 2


EUR/JPY short 1


EUR/JPY short2


USD/CAD long


USD/JPY short


GBP/JPY short


And to finish the week here my weekly trackrecord:


Have a nice weekend and always keep your cool There is still a lot to learn!!

Pip

Hello traders

It will be a tough week due to a lot of work and things that need to be done in private life as well. It may happen that I only can take a few trades this week.

My one and only for the day. Was in the green with over 35pips but target was around RN 1.0850.. Took at least some profit out before I got stopped out.

EUR/USD short


Pip

P.s. If I find some time to watch the E/U I may take a reentry to short this instrument again.

There you go.. pullback, reentry and take profit at initial target from the first trade.
Done for the day

EUR/USD short 2


Pip