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Trading Journal (only my take)

  • #41
  • Sep 22, 2017 4:27am Sep 22, 2017 4:27am
All other existing live trades posted are ongoing and they can be easily tracked (obviously I have others that I haven't posted).

All the trades have been managed to the point where everything is in a safe situation, and that allows me to consider other set ups. There are 5-6 that I'm keen on from a tap pov, and I'll post 1 or 2 of these either during the day or as next week unfolds.

I don't want to post more than I need to, otherwise I'll end up doing too many updates as I manage them, and I've no plans to become a full time typist lol.
  • #42
  • Sep 23, 2017 5:40am Sep 23, 2017 5:40am
I've just seen a Cubbybgood post which brings into sharp focus the pitfalls of gridding that I discussed here in posts 14, 16 and 25.

As anyone reading this will know, I am not a fan of that style of trading, but having said that, I applaud Cubby for his openness at least.

He has said that he now plans to rein in the potential risk in future and cap it at 6% (I think). That's a start, and hopefully, as he has said, he intends to re-evaluate what he is doing over the week-end. I hope that includes all aspects of his trading, and not just the numbers....disciplines in all areas need attention too, it's easy to get confused which usually culminates in poor decision making, and I suspect that's the real cause of his losses.

If you're reading this Cubby, then my comments are intended to be constructive, and feel free to post as you seem a genuine kind of bloke. My trades and charts that I post are also live and in real time, and there are plenty of examples of how I handle my positions, and some of what I do may be of interest to you. If not, no problem, and good trading in future.
  • #43
  • Sep 23, 2017 5:50am Sep 23, 2017 5:50am
Quoting daniel85
usdcad buy for this coming week 60 pip sl 140 pip tp. {image} {image}
Daniel, you need to apply the rules for posting charts as I have laid out in post 1. It explains what I want to see.
  • #44
  • Sep 23, 2017 6:03am Sep 23, 2017 6:03am
Everyone. The rules and my reasons for the posting of charts has been clearly laid out.

If you can't comply with it, then you are not compelled to post.

I will not have this journal used for FT's by anyone, and that is intentionally the case to prevent nonsense ...beware...because I will deal with anyone who flagrantly disregards my rules immediately!
  • #45
  • Sep 23, 2017 6:47am Sep 23, 2017 6:47am
Quoting Landline
I've just seen a Cubbybgood post which brings into sharp focus the pitfalls of gridding that I discussed here in posts 14, 16 and 25. As anyone reading this will know, I am not a fan of that style of trading, but having said that, I applaud Cubby for his openness at least. He has said that he now plans to rein in the potential risk in future and cap it at 6% (I think). That's a start, and hopefully, as he has said, he intends to re-evaluate what he is doing over the week-end. I hope that includes all aspects of his trading, and not just the numbers....disciplines...
what i really enjoy about Cubbybgood's way is the full openness, including showing myfxbook (TE is similar), and with that the full picture, good or bad, not half said truth, or selected entries, that without it could be done, and could slip.
there is always, always another trade!!
  • #46
  • Sep 24, 2017 1:00pm Sep 24, 2017 1:00pm
Seems some certain types have issues lol. My judgement on them is vindicated and dealt with full stop. No more of their b/s here at least.

Unfortunately, those types seem to be using cbg's journal as a vehicle to take their cheap shots. I can't help that, cbg has to do what he feels best.

My only interest on FF is real trading, and that's what I'm concentrating on.
  • #47
  • Sep 25, 2017 4:50am Sep 25, 2017 4:50am
OK...back to the business of real trading after all the b/s from a pathetic few.

I have several pairs that fit my requirement but I'll be focussing on CAD/CHF here for now.

I have taken a short market order position, and am looking to build/add to that position over the next few days depending how the market moves. Obviously, those early positions are where all the risk lies, and as usual, I'll be managing each position taken, with a view to ending up with at least a couple of risk free positions in the event that I have got the overall direction right.

Not much else to say at this point. Live chart attached.

Attached Image
  • #48
  • Sep 25, 2017 11:29am Sep 25, 2017 11:29am
Quoting Landline
OK...back to the business of real trading after all the b/s from a pathetic few. I have several pairs that fit my requirement but I'll be focussing on CAD/CHF here for now. I have taken a short market order position, and am looking to build/add to that position over the next few days depending how the market moves. Obviously, those early positions are where all the risk lies, and as usual, I'll be managing each position taken, with a view to ending up with at least a couple of risk free positions in the event that I have got the overall direction...
50% taken...stop adjusted, target extended.....can now comfortably add more on any retracement, prob tomorrow I'd guess.
  • #49
  • Sep 26, 2017 4:30am Sep 26, 2017 4:30am
Quoting Landline
{quote} 50% taken...stop adjusted, target extended.....can now comfortably add more on any retracement, prob tomorrow I'd guess.
Brief update. Not much doing on this pair at present. I anticipate another 12 hrs minimum before tap conditions start fitting again, and that's when I'll be looking next to see if another shorting opportunity presents itself. Most of trading is doing nothing as everyone knows and waiting for the best opportune moment to take action. I assess W, D and H4 in the main and each of those are tuned according to how I trade and my requirements.

An obvious advantage with those t/fs means that I don't need to be glued to the screens all day and allows me to get on with other stuff, and those t/fs imo, also happen to be more productively accurate and less stressful than the short t/fs ie h1 and lower.

That said, any set of t/fs as I have described will have the same tap conditions, but I prefer the longer ones personally.

I'll update on this trade maybe later today if anything of interest occurs.
  • #50
  • Sep 27, 2017 4:27am Sep 27, 2017 4:27am
Quoting Landline
{quote} Brief update. Not much doing on this pair at present. I anticipate another 12 hrs minimum before tap conditions start fitting again, and that's when I'll be looking next to see if another shorting opportunity presents itself. Most of trading is doing nothing as everyone knows and waiting for the best opportune moment to take action. I assess W, D and H4 in the main and each of those are tuned according to how I trade and my requirements. An obvious advantage with those t/fs means that I don't need to be glued to the screens all day and allows...
OK ...continuing with CADCHF, price is slowly grinding away, but not where I need it yet to add-on a further value short. I've drawn an ftl which shows price potentially has some time to go before that happens. It may not of course, in which case I still have half of my original position in play, so either way I can afford to be patient, and waiting for the best time to enter is the name of game. I've attached my latest h4 chart from which I'll be taking another entry when/if the ftl hits it.

Attached Image
  • #51
  • Sep 27, 2017 6:54am Sep 27, 2017 6:54am
Just thoughts.

I've seen a lot of systems come and go on FF. The vast majority fall by the wayside, which is proof-positive that systems like ma cross-overs or oscillator driven methods for example generally fail, otherwise if it were that simple then everyone would be millionaires lol.

Over the years, I hadn't seen any system that remotely resembled mine, but a week or so back I saw a method that is about 40% the same which both surprised and pleased me. I doubt the founder even knows why it works, but that isn't as important as the fact that it does work. Time will tell whether the method can withstand the test of time in it's current form, and whilst I won't be contributing to that thread in any way, I will watch to see how/if it progresses, and for those reasons I won't reveal what the thread is to prevent any interference which is often the main cause of a threads implosion.

As I said, just thoughts.
  • #52
  • Sep 27, 2017 9:20am Sep 27, 2017 9:20am
I've added another Cadchf short position, took a screenshot, but seems there's a problem with FF letting me upload charts at mo. I'll post an update when I can
  • #53
  • Sep 27, 2017 10:21am Sep 27, 2017 10:21am
Quoting Landline
I've added another Cadchf short position, took a screenshot, but seems there's a problem with FF letting me upload charts at mo. I'll post an update when I can
Chart now added
Attached Image
  • #54
  • Sep 27, 2017 11:36am Sep 27, 2017 11:36am
Quoting Landline
{quote} Chart now added {image}
OK...so things have cooked quite well. I've taken 50% off the 2nd position now, adjusted the stop and moved tp2 out. I'm safe again, but crucially I now have 2 open positions still in play that cannot lose...so all in all managed pretty well so far. I'll keep doing this, and see how many free positions I can earn out of it.

Attached Image
  • #55
  • Sep 27, 2017 11:59am Sep 27, 2017 11:59am
Btw...whilst I've been running with this pair just, for the benefit of continuity, you may have noticed that all pairs previously traded and posted live have either hit profit or continued to moved favourably. They too have been further managed, but I haven't the time to post everything that's going on, but simple back checking of trades taken will show anyone interested.
  • #56
  • Sep 28, 2017 4:22am Sep 28, 2017 4:22am
CADCHF...I've no need to touch the trade as it stands. I've added another short PO ref amended ftl, in case I'm not about, because I'm not expecting a great deal of activity for a number of hours, but it's there just in case there's movement.

The attached chart is becoming populated with lines as can be seen, but the labels should distinguish what is what for anyone viewing.

Attached Image
  • #57
  • Sep 28, 2017 4:45am Sep 28, 2017 4:45am
Hi Steve, did you manage to ride the EU and EC trades down that you posted a few days back?

I've since climbed on board EC long as I mentioned, but haven't posted a chart obviously, but it's up 150 pips, half stowed away already, the usual practice etc etc.
  • #58
  • Sep 28, 2017 7:08am Sep 28, 2017 7:08am
Over the last week or so, I've had various pm's from a few peole, and the common theme to them is asking the question ...can I detail how I am finding my entries, and I guess people are expecting me to do all the work for them, along with the fact that most by now probably know that I can be prickly when called for and are hence reluctant to post here direct.

I won't detail everything I look for, mainly because I'm not here to teach...and learning how to effectively trade is the individuals responsibility, not mine.

Anyhow, on the basis that some seem to want to know, and as I don't have the time nor inclination to spell it out detail for detail either here or pm, then what I am prepared to do is let those that want to post a potential chart entry to do so, marking clearly where their entry, stop and tp would be, (overly messy charts will not be looked at). I will assess the chart based only on my criteria and rate it from 0-10. A mark of 7/10 for example would be considered by me at least, to be a reasonable trade to take.

My assessment btw, as some will probably know, takes tap into account first and foremost that much I will say, and I know it's easy to say, but it's not easy to explain how I get from that to an actual entry, and those aspects are where learners need to learn, and as I said at the beginning, you put the work in, not me, and I'll assess it.

I will keep this window open for 1 week for those that want to throw a chart at me as described, it doesn't need to be a real entry for this exercise, and after that, it's back to the original rules ...I can't say fairer than that.
  • #59
  • Sep 28, 2017 1:32pm Sep 28, 2017 1:32pm
Quoting stevepatt
GBP/AUD D1 Pending Limit Sell. The GBP is stretched across the board but this looks a better opportunity to me. {image}
GBP/AUD Sell Trade Result

+100 Pips +0.51%
Attached Image (click to enlarge)
Click to Enlarge Name: 28th Sept 17 GBP:AUD D1 Short Trade Result.png Size: 84 KB
  • #60
  • Sep 28, 2017 1:35pm Sep 28, 2017 1:35pm
Quoting stevepatt
Hi Landline, I hope you don't mind me posting in your journal? I don't want to just assume. USD/CAD D1 Pending Limit Buy Missed the first entry on Wed. 13th Sept. {image}
USD/CAD D1 Buy Trade Result

+147 Pips +0.73%
Attached Image (click to enlarge)
Click to Enlarge Name: 28th Sept 17 USD:CAD D1 Long Trade Result.png Size: 104 KB
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