s live trading journal
Page 1 of 844 123 ... LastLast
Results 1 to 10 of 31

Thread: s live trading journal

  1. #1
    's trading journal.

    After demoing the J16 systems for 3 months, I have started to exchange small lots on my live account. I would like to convey my sincere gratitude , Jarroo, Mike, James16 and several others for their unselfish, courteous caring suggestions and teachings.

    This is my first trade on H4 live.


    Account equity $3,100

    1: BUOB on USD/CHF H4 Aug 17 2010

    EP 1.0417 SL 1.0393 TP1 1.0456 lot size 0.02

    Results: I was stopped out in 1.0393 to get -24 pips -$4.62

    The BUOB was the seduction here along with the 1.0400 place where price appeared to have found support at on the H1 time frame.

    However, the PA bar was just not big enough to push it through the FTA in 1.0456 before quitting me out, and that I failed to spot this subject of resistance to the H4 TF, or at least, I considered it insignificant. Had I put the SL below the setup bar, I wouldn't have been stopped out, but the merit of this trade was that the small 24 pip SL only below the 1,0400 and that I was not keen to risk a larger SL on this trade.
    The point is, even if the PA bar isn't worthy of the SL, I must consider if the trade is well worth taking at the first loion.

    THE LESSON HERE IS
    I shall pay additional attention to PA bar size.





    Https://www.forexforum.co.za/general...t-trading.html







    Listed below are Jarroo's remarks which sum this up nicely.

    ----------------------------------------------------------------------------------------------
    That was the main lesson taken from's trade, it had some good points but the Finest points of an A trade were missing. . .Bigger in proportion, deeper swing Low, supportive confluences, etc..

    Even though the 4 hour BUOB about the Usd/Chf didn't become invalid, meaning its Low was not breached, it doesn't mean that this BUOB was a good one to shoot. It merely means that sub-bar PA will workout from time to time and that PA is a powerful thing.

    So when we and see another setup like this one, with all of its own A egory criteria missing. . .we will just pass this one if it works out.
    ----------------------------------------------------------------------------------------------

    Equity: $3,095,38

  2. #2
    Quote Originally Posted by ;
    All the best with your diary! Anticipating new posts
    Thanks Miz

    And good trading to us all.
    What a joyful community J16 is, people helping people.

  3. #3
    I'm a follower! Fantastic luck!!
    Do not neglect to be super picky!

  4. #4
    I'm another follower. Best of luck.

  5. #5
    Thanks People..

    Yeah, SUPER picky and good MM.

  6. #6
    Cool!

    I will be checking in from Time to Time.

  7. #7
    Keeping a journal will serve you as a fantastic tool to keeping track of your errors and fortunes, learn from them. Best of luck and just stay sharp.

    Sincerely,
    .

  8. #8
    Good Luck on your own trading Journey!! I Wish you all the best for you.

  9. #9
    Cool material pb!

    Wish you all the very best.

    g.

  10. #10
    This thread is being watched by me. Fantastic fortune pb

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  
This website uses cookies
We use cookies to store session information to facilitate remembering your login information, to allow you to save website preferences, to personalise content and ads, to provide social media features and to analyse our traffic. We also share information about your use of our site with our social media, advertising and analytics partners.