My eduional trading journal
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Thread: My eduional trading journal

  1. #1
    Like the name states it is going to be my eduional journal. So I will keep record about my transactions.
    Inside my trading I will utilize Imransait method (it can be seen here https://forexintuitive.com/discussio...3-eur-jpy.html ) together with my own spin (I've added 5 more indiors three of these Chim2 Damiani and Signal_Bar_v4 indiors can be found here inforexintuitivedon't know anymore the exact lint to them. Other two indior TSI I found from another forum (that I donot know if I could post link to some other forum in order first I woul not do so but if needed afterward will bill them).
    I will trade at first ONLY GBP/JPY at 5 minute TF.
    My trading hours are kind 05.50 - 13.30 UTC.

    First trade at 09.02 UTC buy @ 225,49 in 09.30 TP hit at 225.69

    Total pip count 240

    Weekly goal 100
    Pips to reach the goal of this week 14
    Over the goal 0

    Week 1 - 120 pips
    Week 2 - 34 pips
    Period 3 - 86 pips

  2. #2
    GBP/JPY

    07.31 Sell @ 226,65 Stopped out in 227.00 -35 pips
    In this trade I allow my emotion to determine that I should trade and that I didn't looked for affirmation about the trend from higher TF. Later when I stopped from that commerce I seemed the 15M TF I noticed that I took the transaction against the trend.
    Lesson to learn from that commerce: Look for affirmation about the trend from higher TF!

    Secondly trade today:
    07.50 Buy @ 227,05 Trailing stopp hit 09.28 @ 227.60 55 pips

    Pip count today 20

    Looks like there will not be any more transactions coming on today for me so that I will close today with good feelings because I was able to close next day at positive side . However, in addition, it teached me good lesson to find confirmation about the trend before entering into a transaction.

  3. #3
    Since I'm not a complete time trader and I have day job so I must deal with both. That is the problem why I was not able to accept any trades now. First trade that was signaled to me personally was at 04.55 UTC was to ancient to me so I was not able to jump in since my principles are set so I am not able to take trade after the sign have appeared a long time ago (long time in that significance isn't more that 5 candles). Secondly trade at 09.35 I had been in the meeting and therefore I was not able to input that trade .
    So now's pip count will be witch isn't a terrible thing but it isn't a fantastic thing either because if one might search for 0 pip account growth an individual wouldn't be trading at all.

  4. #4
    Today was a bit better than yesterday was because of me personally. Although the trade sign was given at 04.10 I managed to enter a trade at 06.30. It was somewhat risky because the one of the indior (MACD) was on the line with others. But like the expression once said:”If you don't take risk then you don't drink champagne”.

    Today's transactions so far:
    At 06.30 buy 226.52 trailing stop hit 226.82 so 30 pips
    At 13.31 buy 227.89 Take proffit at 228.39 so 50 pips

    Complete for now 80 pips

  5. #5
    Well it is again Friday and also my first week is finished. It had been good week because I was able to achieve my weekly pip goal and even was able to acquire more pips than intended. I was not able to trade yesterday and today is pretty much the exact same scenario I have lot to do and don't have time to sit in front of the PC to follow the charts.
    Lessons to be learned form past week: Follow the trend and don't take trades contrary to the trend! Adhere to the indiors and learn how to trust them! Lessons to be learn next week: Learn to remain in the fashion! Great weekend to all of you.

  6. #6
    This morning began with disposition. Everything was set up but nevertheless price found resistance below Weekly Pivot and then bounced back up. So first one was loosing one. Trade particulars:
    At 06.51 Sell 227,96 trade closed at 07.40 228,25 so -29 pips

    Permit #8217;s see what this day brings.

  7. #7
    Well a week was past since I last written and took any trades. Since it's Christmas period and finish a year there's lo t o perform and not very long for trading. In the last week there were only two trades. One was negative and second was positive. Despite that I wasn't managed to reach my weekly target I believe that after all it was great week.
    Second commerce was
    At 07.00 Sell 225.57 trade closed (TP) at 224.80 so nice 63 pips

    Let's see what today will bring but I don't have lot of hopes in a matter of trading now.

  8. #8
    So this is my third week. First day of the week 7-th of January that I was not able to trade, I was simply too busy to do anything else. On Tuesday I was trading and market has been merciful for me and gave me 80 pips therefore I'm very pleased about it. Let's see what the next day of the week will deliver

  9. #9
    Yesterday's trades I took 4 trades and was able to stay in profit. .
    Two of them where positive and rest at which damaging one's. In which the one's the third and first trade that were both long one's.
    The first entry was risky reddish spikes was remained above 0.85 for a short time. However, I took the risk and entered and it did not work out.
    Second trade was nice one. The issue is I have to learn how to trust more indiors. I'd have profit 50 pips more if I'd have been had SL with more space .
    The third trade I took was only stupid one I took a transaction against the trend, then needed to do anything else but watch the charts and as a result that trade produced -79 pips (stupid me).
    The previous trade was shot already at the conclusion of my trading day and I was able to end up with little profit.
    So day ended with” 6 pips”

  10. #10
    Confirmation from last transaction.

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