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Thread: My Trading Journal

  1. #41
    Senior Member
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    Quote Originally Posted by ziemo View Post
    It's not that easy to explain my friend. Basically, I observe how the price behave near my entry point. I watch the dynamics, zigzags, breaks of resistance/support. Then I wait for a little drop-down, and set my SL on the current peak.
    I will post soon a couple of my entries with the SL attached.
    It seems simple enough but it is always nice to see images to make it clearer.

  2. #42
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    Nothing special for me today, I was on USDJPY and CADJPY. The first one kicked me out and then went to profit (how cool is this), the canadian gave me break even.

  3. #43
    Wizard
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    Bravo ziemo, i see you are catching the point of profitable trading
    btw: you never know which trade will bring you the 20:1 RR, just stay disciplined with your strategy.

  4. #44
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    many thanks kor, I'm learning from the bests

  5. #45
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    Well, Friday finished on giving me two small losses, one on EURJPY and one on GBPUSD. Nothing unusual

    I have still opened a trade on EURCHF and also another one on GBPUSD. Will see the results on Monday (if the market will move far enough)

  6. #46
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    Ziemo I think Friday was a difficult day for us all. Very hard when the markets move fast without many safe entries.

  7. #47
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    I don't say Friday was difficult. I would even say: Friday was a brilliant day, a lot of movement, strong, nice looking turns, this is what I like the most about the markets.

    I don't call the day a "bad one", because I took 2 loss trades. Loss trades are the major part of my strategy, I don't fear them, because I watched so many harmonic patterns already, and I know what can I expect from this method. It's a probabilty game.

    I would call the day a bad day, when there would be a lack of movement or a lot of sideways move. Because I get bored and I just waste my time watching the screen. When the market is moving, I can act, I really don't care if my next trade would be a win or loss.

  8. #48
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    When are market is so bullish or bearish that there are no pull back entries or patterns continually get broken then that is what I call a tricky day. It gives you many false signals and since harmonic trading is selling / buying against the last price move it can be a little hazardous.

  9. #49
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    I respect your opinion and many thanks for sharing it. This is why I actually created this journal, to open myself to others ideas.
    But in this point, I have to disagree my friend.
    The stronger the moves, the more fear comes to trades: the rookies are out, the big boys are taking their money. If the market is just rocketing through my possible entry level, and I see no reaction only a massive brake, I simply stay out of a trade. If there is a reaction, I enter and THEN the market goes strongly against me: I don't care, it's a part of this game. It's a mind game, you have to stick to your method.

  10. #50
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    That is also very true. When the big boys fight against each other if you can get a good entry then you are definitely in business. Finding that entry is where the skill is. As you say losses are all part of the game.

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