Just my thoughts

Welcome to my journal. I have decided to post my trades in a new thread, as I can't find a good fit to post in other forums. The Trading made simple thread is...well ruined...and others that I have posted in don't quite fit with what I'm doing now. For instance I look at divergence so it would be inappropriate of me to post in Davits thread.

Thanks need to go to Realjumper who has taught me the importance of the stoch and the nuances it has, Likica for her guidance on looking for higher highs lower lows etc, Davit for the use of the weekly fibonacci pivots and just how accurate they are, and the posts of Lastingwell and her use of the 1hr 62 ema and bounces from it - originally taken from Eohater's thread which I found fascinating and have extended that to the h4 and also daily 62 ema's.

So down to my thinking. I am working on the H1 chart using the H4 stochastic 8.3.3 along with the h4 tdi and the H1 stochastic 8.3.3. I was taken by Eohaters thoughts that although the price moves start on the very low timeframes, it won't move very far without the higher timeframes being in some sort of agreement - Lastingwell also echoed that. So I don't look for "trends" as such on the higher timeframe but a reason price might turn. I have found the best way to see that is with the h4 stoch and tdi together, why both? because the tdi is much more sensitive to movement and the stochastic is more conservative, marrying the two made sense to me, BUT, I must also see on h1 a higher low at least for a buy and a lower high for a sell, or divergence if not. One other thing, I take notice of "overbought" and "oversold" on the stoch and will NOT put in a sell if either h1 or h4 stoch is above 80 or a buy below 20.

I will post my trades on here to give me a record of my trading and to try to keep myself strict. I have had my Trade explorer up for quite a while, but have only just consolidated in my mind what I want to see on my chart so its a good time to start this journal.

This for instance is the gold trade I went in on this morning, the main problem is the 1hr 62ema right in the way, but as price has tried to pass that severall times I am hoping this time it can but we will see

My main bugbear has been the exit, I am going to try to not exit until price closes below the moving average I have on there, which is the same as Realjumper uses and that is the 5 ema typical/3 with a shift of 2, now whether I will manage that is another thing, but I am going to try

Congratulations on your new journal thread Lisa.....very well done!! I will certainly be following along and I wish you all the success in the world for your trading, and for your thread too. Best wishes and take care

RJ

Thank you RJ, I really appreciate your visit and all your continued support

I don't know if I should post trades here as I have a different way of trading..I have joined you on that gold trade @ 1457.52..anyway good luck with your new thread/journal

Thank you pips, and yes, feel free to post away, I really would prefer people to post their trades that are proven traders, however they trade and you always post your trades as they are taken and I admire that.

Thank you Lisat..I was away from my computer for about an hour and now found out I was taken out for -17 pips for gold. Luckily I have another 2 trades going which are in profits.I took them before leaving the house and did not have time to post them..anyway ,I have gchf and gaud shorts EDit: I have added the fibo pivots and stoch to this template

Thats good that you have other trades, well done. -30 will be about my limit, there will be other trades pointless holding onto ones that aren't working.
I have noticed though that the trades that work well, work more or less straight away, so trying to decide if I should take the loss when it closes back below the ma instead of waiting for it to go below a previous low or high.

this is how my gaud looks like now

Yes, there are always other trades and it's best to cut off early. This is one action that requires a lot of effort as no one likes to lose.I have yet to get this aspect of trading right, i.e cutting losses quick

Yesterday for instance with the gold trade that lost, it went through my full stop loss, then turned around and reached my original take proft. The best thing I could have done was stop it myself when it closed back through the ma for a tiny stop loss and then re-entered when it turned around....in a perfect world Sorry not yesterday but the day before.

just taken ..let's see

Congrats on your new journey or rather applying everything that you have learned on your journey as forex trader.My philosophy has always been "do what works for you" and that's exactly what you are doing
Lots of green

just taken my first trade of the morning and it's a dragon short trade

Thank you Davit, I really appreciate the visit

Snap again
Took these 2 a bit earlier on.

short cable as well

Just came back home and both in loss will just ride it out now and see how it goes, the stops are there, so be it, I should have come out on the 2pm 4hr candle if Id been here, so just letting it go now, not my best week

I am already out of cable but I hedge the dragon using the tma on M1

I rarely trade this pair but have done so this time round...also taken shorts cable and the dragon..M5 trading