Journal of The Lord
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Thread: Journal of The Lord

  1. #1
    This will be my self-evaluation thread. I will be posting charts and all analysis for taking the transactions. After a lot of thinking, I have come to a decision that a diary is imperative to advance in the long run. I thought I would keep it in a notebook, however the charts are missing. Thus, online journal is easier to maintain.

    My Entry Method:
    Mainly derived from James16 method, Jankone 5minute process (however in greater timeframe) and Clockwork's Silent Service method. Always enter after break of a pinbar, bullish/bearish pubs, etc. . to 10 pips depending upon volatility of this pair. And mostly trading in more than 4-h timeframe (though sometimes in M30 as well).

    Exit Strategy:
    Always (Mostly) take profit in the very first trouble area (FTA).

    Stops
    Stop is generally between 30 to 50 pips (never more than 50 even if the bar deserves). And the stop is trailing (TSL). Stop is trailed only upto the point where I'm up by 25 to 30 pips. Then I quickly move my stop to breakeven (today its not monitoring ) and await the FTA to be struck. This makes my loss very small and my R:R is so improved!

  2. #2

  3. #3


    Mistakes:
    1. Near swing high. (in the ppz)
    2. Not much pips to move to breakeven
    3. The main thing: Missed the FTA. The trade wasn't a failure.

  4. #4


    On the daily PPZ, the pin bar occurs on the four hour. Small resistance just above the entry level, but that is bound to be broken and finally reach the target. Level cleans.

  5. #5
    Quote Originally Posted by ;
    Yesterday, the price dropped quite aggressively crossing the 1.2950 1.3000 mark like they don't exist at all. A retrace to this amount is due. A pin bar is shaped at a really strong zone (on the monthly PPZ). The entry point and the goal profit point doesn't have much traffic there. When it breaks, it can easily reach the goal without much trouble.

    Well, the price may have fallen sharply, but the trend on the daily chart and with all the monthly PPZ in mind, undoubtedly, the trend could resume to the upside. Time tells.
    Moved the stop in 1.2843, only below the previous 4-h bar.

  6. #6
    Took the profits to both the transactions just below the TP point. I had been ching a falling knife and there was a little trouble zone that could potentially reverse the pair. Just a little profit from not a very good installation. NZD/USD was fine. There was.

  7. #7


    Away from the Service and Together with the trendline. Should be an easy trade following the pb breaks.

  8. #8
    Quote Originally Posted by ;


    Off the support and Together with the trendline. Should be an easy trade following the pb breaks.
    Goal reached. Easy trade.

  9. #9

  10. #10
    Away the service and with all the trendline (3-day combined pinbar)


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