Gejordan Weekly Journal

Got clear
1 trade - EJ short
TP1 & b/e
Short night. Still a bit sick...

Welcome 2017. Mikepip and Tadeusz off to excellent starts. Let's talk about forex trading goals.

There is a tendency to set goals related to how much money you want to make, etc. My opinion is to avoid this. We don't know what the market is going to offer on any given day, therefore, setting monetary goals really does us no good. To the contrary, fixed monetary goals often causes us to do things we should not in an attempt to hit those fixed monetary goals.

Instead, set goals that you can follow each day in your trading. Goals related to actions, not results. For Mikepip and Tadeusz, they might be to (1) Journal daily pre-market, (2) analyze overnight action (3) respect rules when in a trade.

Notice, these goals aren't: get 10 pips a day, or make $200 a day, etc. As I have written about at length on here in the past, if you set result goals, those results will be the hardest things you ever try to achieve. Make a 10pip a day goal and I promise you those 10 pips will become the hardest thing you ever try to get. The goal should be to get in the trade that follows your rules and then manage per what the market or circumstances are telling you. The guys have a tp1 and tp2 rule but getting tp1 and tp2 are not the goal. Getting clear, getting in a trade that follows their rules, and managing the trade per their rules are the goals. The results are a function of hitting their goals.

Hope this gets everyone thinking and helps you in some way.

Good plan! This seems to be exactly where my mindset has begun to go over the last couple of months. Thanks G!

Took TP2 when I went to bed

Great advice.

Got clear
1 trade - EJ short
TP 1 & 2

nicely done

let's mark this one and discuss next time we chat

what made you exit EU when you did?

Not a very good reason, but I was influenced by EURJPY. My short got to TP1 on EJ, I was optimistic that it would push down further and thought EU might do the same, so might as well lock in 10 pips.

Got clear
2 trades
EJ long
EU short

Got clear
1 trade - EU long
TP1 & 2

Got clear
1 trade - EU short
TP1 & b/e

nice patience on this one