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Thread: My Trading Journal

  1. #61
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    Feb 2013
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    Quote Originally Posted by ziemo View Post
    It looks like GBPUSD has really no freaking idea, where it want's to go. Still in...
    In the meantime I opened short trade on USDCAD, let's see what it will bring.
    Ever since this pair has been in a fall, i've pretty much stopped looking at it.

  2. #62
    Senior Member
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    Oct 2011
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    Hi Duggils,

    thanks for your detailed reply
    I see your analyzis is quite complex, SR lines, balance points, channels, etc. It's very nice. To be honest, I personally don't use any of this in my desicion making process. In the last 2 years, I've checked so many "confirmation" techniques, different filters and "odds enhancers" that I just can't count them. I came to the point, where only what matters to me, is the pattern itself. I want it to be in a nice shape (this comes with experience), I want it to have a right internal structure, finally I want it to be in a proper size (bars/pips). Then I also check the location on the higher timeframe, and what I really (really!) love to see, is to have a simple sloping trendline supporting me. I just want to keep my method as simple, as possible. It's pure harmonic trading.
    I don't say adding confirmation techniques is bad, I even think it can be crucial for some people, but it just don't fits my psyche for now. Maybe in the future I will experiment with this also, but for now - I want to stick to my method.
    As my mentor says: KISS. Keep it simple stupid.

    I also don't take partial exits or entries. For me there only 2 ways that the trade can go: SL or TP. If I hit SL, and there is still a good oportunity for enter again, I do it. But I never exit earlier, and I never trade, when the pattern fails.

    And also, as probably many of you have noticed, I trade only 2 types of patterns: Gartley and Bat. And I abolutely don't need more. It's also one of the biggest lessons, my mentor gave me in the past: "Chosse one pattern or two, and stick to it. Learn it, observe it, know its every detail. Watch them, how they win and how they fail. Be a master of one pattern, and you will be a millionaire".

    About the "pleasent problem": yep, you're right. It can be very tempting to close the trade earlier or panic and close when the price is reversing. But this the matter of your trust to your system, your experience and psyche. I'm not an idiot pal, I do prepare myself every single day This why I run an excell spreadsheet, putting my every single trade to it, analyzing, keeping photo records. Stats are for me extremely important, because I play a game of probabilities. I don't throw a coin when I decide to enter, I have a base of couple of hundreads patterns to back up my decision. When I see the price ise going nicely, and then reversing, I don't touch it. I know I can exit now and earn super money, but I just don't do it. Thanks to my research and stats, I know exactly, that if I break any of my rules, I wouldn't be playing the same system from that moment. I would be playing something, that I completely don't know, and I would have to be a real sucker to do that.

    This is why jour trading journal, trading plan and statistics file are sooooo damn important. If you want to earn serious % in a month, you have to treat your trading serious as well.

    For me it is actually very surprising, that only my journal is showing some stats, results, and monthly summaries. People are so lazy and expecting great results, looking for someone who will tell them how to trade. They don't even give a shit to run a simple journal, trade and learn, use peoples adivce… it's terrifying.

    I think share my opinion also
    Hey, and many thanks, after my brake I will certainly come back "pips-hungry";D

  3. #63
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    Hi guys,

    it was pretty long time ago, when I wrote my last post Veeery busy time for me now, but trading on H1 gives me some opportunities though.
    I will quickly drop here patterns that I menaged to take from the beginning of May. 8 in total, 6 losers, 2 winners, total income: +3%.

    Here are the losing patterns for me:

    My Trading Journal-1.pngMy Trading Journal-2.pngMy Trading Journal-3.pngMy Trading Journal-4.png

  4. #64
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    My Trading Journal-5.pngMy Trading Journal-6.png

    and the 2 winners:

    My Trading Journal-win1.pngMy Trading Journal-win2.png

  5. #65
    Senior Member
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    Oct 2011
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    156
    Hi all,

    well... it has been a while since my last post;D Almost a year.... It's a high time to make a big come back! The last year has change pretty a lot in my trading. I decided the post my patterns again in TradingArsenal, to keep tracking my records, and also because of that, that through this journal couple of people contacted me and gave me an opportunity to learn some new stuff or just to know the others view about my patterns. I will try to post here as much as I ca during the week, it won't be every day, because now my entries depend on higher timeframes. Although enrty patterns are mainly from m1-m15, I always search for certain market location or confirmation setup on timeframes like h1-d1. I will try to post some patterns in the evenings, if I find some time

    To begin with, I post my two running trades, one from 11.04, which eventually turn to be "double blast", because it transformed into two-pattern setup, and one from today. My main goal now is to keep my entries as tight as possible, to maintain the best R:R available.

    My Trading Journal-1.pngMy Trading Journal-2.png

  6. #66
    Wizard
    Join Date
    Oct 2011
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    joining TFs is definitly the way forward, good luck
    Harmonics Tube - daily trading setups based on harmonic patterns
    Forex Harmonic Trading - Harmonic trading practical tips, tricks and hints
    AMPmonitor - harmonic and price patterns recognition Scanner that I use
    TradingArsenal Quiz project - best edu material regarding the Harmonic Patterns Trading

  7. #67
    Senior Member
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    Oct 2011
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    The only entry from today, bearish bat on GBPUSD M1.

    My Trading Journal-gu.jpg

  8. #68
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    Oct 2011
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    Pattern from yesterday didn't hold through the night, but today's pattern (also double confirmed) already recovered that loss and also made couple of pips extra.

    My Trading Journal-gu17.jpg My Trading Journal-gu172.jpg

  9. #69
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    Oct 2012
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    ziemo, are you from Poland? Maybe you interested this topic:

    Forum Traderów Forex, CFD i Opcji Binarnych • Wy

    What you think about this method of money managment?
    I think it's may help improved your strategy.

  10. #70
    Senior Member
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    Oct 2011
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    hi xpojlerx, thanks for your reply. Yes, actually I am I will definitely read that topic, although I'm not the biggest fan of any kind of averaging methods... But anyway, thanks for your suggestion

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