Gejordan Weekly Journal

Quoting mikepip

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Really messed things up today. Didn't take time to get clear. Took a GJ trade on emotion (late entry against move) and another that was more sensible, but bailed early. Took a UC trade with poor entry. Plenty to journal about next time! {image} {image} {image}

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Quoting gejordan

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{quote} dude, what are you doing? did you really not do the journal?

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Quoting mikepip

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{quote} I was looking at charts for a while and planning some trade ideas. Then when it came time to trade, I jumped right in. Won't happen again. I do however have an inner battle with my trading strategizing (or lack of). I want to trade from locations that have more potential for movement, but only by trading in a logical way. I fall short in deciding how to enter and making a clear decision. However, I know you are right and I must clear my head first, or the rest is irrelevant.

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Quoting gejordan

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{quote} So, I'll bite, what is your trading strategy that you are having an inner battle with? While I wait for your answer, I'll be a sarcastic d*ck to try and illustrate my point... and I'll keep adding to these as they come to me until you post again... **Is your inner battle to take a 100 pip risk on a first action, against the current move (cause it seems like a winning idea and you have never heard anyone talk about the realities of doing that), in an environment when Japan is taking steps right now to beat the crap out of its currency and...

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Quoting mikepip

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{quote} Ok point taken. Truth is I am sick of being stupid with my trading. I plan good trades, based on finding good areas on different pairs and timeframes. Then by the time execution arrives, I either miss them or half ass my way in. I know I am much better than the way I trade sometimes. Also, I am not knocking successful trades of 8-10 pips here and there either - which seems to be my norm lately - but how does that keep me positive when it is natural to have a loss here and there... A good strategy should want to put me into trades that are...

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Quoting gejordan

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So I can mark it and remember it... Just gave Mikepip a pep talk and a basic reminder: 1. Rage Journal... get the anger out 2. Is price moving up or down? (he can take counter trend trades, but only if step 4 allows) 3. Do I have an action on which to take the trade? 4. Is the risk appropriate for the trade I want to take? Ball back in Mikepip's court, we'll see how he does with it the next couple of weeks.

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Quoting mikepip

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Got clear. Traded GJ short based on down movement. Took the right trade. Price pushed and tested the 50 area again and clipped my stop before moving down. {image} {image}

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Quoting mikepip

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Took Nzd/Cad short Took a loss. {image}

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Quoting gejordan

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{quote} everybody together: we trade from the edges toward the middle, or from the edges away from the middle. we don't trade from the middle. (i think you have maybe heard that from me before.. once or twice... or a hundred freakin times... you don't have to believe me, but I would think I've given you ample proof of how trading from the middle ends up. those are very pretty lines you have drawn, but pretty lines don't trump the rule) Here is my question... you take the first trade and you get hit at BE, how were you feeling when you took this...

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Quoting mikepip

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Got clear. Took 2 trades. {image} {image}

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Quoting gejordan

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{quote} what pairs am i looking at?

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Quoting mikepip

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{quote} Oops.. GBP/USD on top EUR/JPY on bottom

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