Thread: My Trading Journal

Originally Posted by ziemo

From 1.03 till today, it gives me 4 losses and 1 winner in total. My account growth +13%. Let's see what the comming days will bring.

What are the size of your winners compared to your losses?

It's never the same to be honest, but I always want to keep my r:r high. Some trades I enter with 4:1 r:r, some with 11:1. Every setup is different, there is no "automatic" way for me to enter a position, I tried it in the past, and every month I was losing.

I totally agree with you. Do you usually look for smaller patters at the completion of larger patterns which enables such a high risk to treats ratio?

This is a very interesting scenario pal. When you have for example Bat pattern on h4, and you see a gartley on m15 in the same time, imagine your R:R when you put SL on the m15, and target on h4

Originally Posted by ziemo

From 1.03 till today, it gives me 4 losses and 1 winner in total. My account growth +13%. Let's see what the comming days will bring.

ziemo,
Is that from March 1, 2013 till today?

Originally Posted by ziemo

This is a very interesting scenario pal. When you have for example Bat pattern on h4, and you see a gartley on m15 in the same time, imagine your R:R when you put SL on the m15, and target on h4

This is what I do. Do you do the same?
Or when it hits a fibonacci ratio at the same time it hits a trend line on a 4 hour chart I then look for a smaller pattern on a 15 minute or even 5 minute time frame.

@duggils

yes, it is only this month

@samtastico

this is a brilliant way to do it, I noticed, that trendlines on higher timeframes work as a charm. many people don't pay attention to it, because trendlines are so "basic". You know what? The more complicated you try to do it, the bigger full you are going to make of yourself. KISS - keep it simple stupid. I think your way of building the setup, finding harmonic or strong confirmation on higher TF, then going to the lower one to seek for another harmonic pattern, is a 'can't lose system'. keep it rolling!

Originally Posted by ziemo

@duggils

yes, it is only this month

@samtastico

this is a brilliant way to do it, I noticed, that trendlines on higher timeframes work as a charm. many pe
eople don't pay attention to it, because trendlines are so "basic". You know what? The more complicated you try to do it, the bigger full you are going to make of yourself. KISS - keep it simple stupid. I think your way of building the setup, finding harmonic or strong confirmation on higher TF, then going to the lower one to seek for another harmonic pattern, is a 'can't lose system'. keep it rolling!

My personal thoughts are that there are very few true leading Indicators the rest are you lagging. I use the RSI for divergence etc, price action, fibs, patterns, trend lines and supply and demand that is about it. Everything else just causes me to second guess myself causing confusion