Thread: Bakulis Trading journal

I only discovered that I cannot update the listing of my trading ends in post nos two as planned. Apparently following 24 hours, a post is secured and can't be edited. Ok, if I will not do it here in this journal and will now keep a record of it someplace individually. I believe that will be better as well because it was not a really fantastic idea in the first loion.

Eurusd now at 5682 as I compose after visiting a low of 5670. I didn't buy at 5700 as intended when price dropped . As intended, I waited to see how it was going to react in that level and was looking to buy lower if I can. From what I've seen, I'm now looking more towards 5650 to buy from. Gosh ! I'm amazed at my patience! Am I really turning into a proper trader? LOL!

It's approx 3.55 am GMT and I'm feeling exhausted seeing the market. Going to get some sleep today. I didn't buy in at 5700 although I had the chance to do so. I simply did not feel comfortable taking on that commerce. Therefore, when in doubt, stay out! I am still interested at the 5650 degree. I have set my alarms to wake me up when price approaches that region

Anyhow, I was able to get 13 pips at total from 2 scalps I'd had, so it was worth my time remaining up for a portion of the the Asia session.

2 scalps = 13 pips ( 8 pips 5 pips)

Woke up to find the market reached a top of 5773 as I compose. Well, it looks like I missed the northbound train once I did not buy at 5700 and reduced once I had the opportunity. I did not feel comfortable taking on the trade and adhered to my principle of When in doubt, stay away.
I'm very happy with my pre-trade analysis of targetting the 5650 - 5700 as possible buy areas. Perhaps I was being a bit more careful in not buying but hey we can not win them all! . There is always another opportunity round the corner.

Since lost the trade yesterday, I was looking to buy again from 5700 but the market just got to the low of 5793. Anyhow I have a trade on at 5824 so at least I am in. Would have preferred a considerably lower price. Are tracking this one using a 50 pips tsl. Lets see how it works out.

Did some intraday trades yesterday, trying out a couple of ideas, also had a good result. Am pleased with myself that I am showing a lot more patience, not trigger happy. The quantity of screen time that I have been spending is starting to pay off as I am gradually getting the sense of the market ( I trade mainly eurusd).

Can I get in? What is your TP??

I am watching and taking my period but a lil advice will be cool.

Originally Posted by ;

can I get in? What's your TP??

I am seeing and taking my time but a lil guie will be cool.

Hi Titan,

I cannot counsel you on your entrance as you alone know exactly what your tolerance to risk is. As for me, I wouldn't enter the market now with the price being choppy after the awful news in the euro zone. As for my own TP, I usually allow my tsl take out my trade if it's my main trade. For some trades, the intraday ones, I use a more discretionary approach.

Go visit Jacko's ribbon and find out the method. It is really cool and there are lots of experienced traders there. Additionally, there are other journals of Jacko's followers, eg Zoopy, Stewartr, Static and many others, which may be more useful for you. My journal is not ful of smart stuff, it's more me talking to myself when I feel tired!

Hope that helps.

Originally Posted by ;

Since missing the trade yesterday, I was seeking to buy back from 5700 however, the market just got into the reduced of 5793. Anyway I have a trade on at 5824 so at least I am in. Would have preferred a much lower price. Am trailing this one with a 50 pips tsl. Lets see how it works out.

Failed a few intraday trades yesterday, trying out a couple of ideas, also had a good result. Am happy with myself that I am showing a lot more patience, not trigger happy. The quantity of screen time that I've been spending is starting to pay off since I am slowly getting the sense of this market ( I trade mostly eurusd).

Made a decision to close my trade before when it spiked down to two pips. Didnt like the news coming out of the euro zone. Anyway, this is a fun trade, therefore I don't mind leaving it early. I will stay flat for the time being. Still interested in the 5650 - 5700 amounts for my trade. Well, we'll see when it gets there and whether I will continue to be interested.

Just chose to have a punt and went brief at 5845. Tight stoploss for this one.

Originally Posted by ;

Just chose to get a punt and went brief at 5845. Tight stoploss for this one.

Market today at 5828, I've transferred the stoploss to BE, so today have a completely free trade. I don't have any TP goal but will track this transaction if I get to 50 pips in profit.