Bakulis Trading journal
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Thread: Bakulis Trading journal

  1. #1
    I'm starting this journal as a convenient method of recording my ideas, transactions and other bits and bobs. I'm a newbie so please don't stick to any transactions that I post . Follow them at your own peril!

    I'm a follower of Jacko's methodology. You may read all about his trading system here https://www.forexforum.co.za/cryptoc...al-indior.html. Please ask any questions you have about the process over at Jacko's thread as there are more experienced traders there who can help you. Jacko retains his way simple and I like that egy very much. It's a good trading style for my simple mind! LOL !
    I have no smart stuff here to offer in my journal, that you are able to see in the numerous threads here at the FF. This journal is to allow me to set my journey through this Foreign Exchange jungle.

  2. #2
    EurUsd:

    Am Considering buying at at 1.5711, rounded up to 5700. Would prefer a lower price if I can get that, somewhere around 5650.
    If I am wrong, I have the A-H egy. I have put an order to buy 5700 but when I am at the display, I will attempt to get it reduced if I can.

    Reason for trade:

    trading together with the principal trend.
    1.5711 -50percent fib from Swing low 5510 (3/4/08) to Swing high 5912 (10/4/08).
    Strong support
    Bottom trendline

  3. #3
    Quote Originally Posted by ;
    I am starting this diary as a convenient way of recording my ideas, trades and other bits and bobs. I am a newbie so please don't follow any trades that I post . Follow them at your own peril!

    I am a follower of Jacko's methodology. You may read about his trading method here https://www.forexforum.co.za/cryptoc...needed-ea.html. Please ask any questions you have concerning the process over at Jacko's ribbon as there are far more experienced traders there who can assist you. Jacko's retains his way easy and I like that approach. It's a trading style for my mind! LOL !
    I don't have any clever things here in order to provide in my diary, which you can find in the numerous threads here in the FF. This diary will be to help me set my trip through this Currency Market volcano.

    I've two trading accounts. One I use for my primary serious trades based on trend trading. The second account is for my own pleasure trades, where I will indulge to my heart's content into the wild punting that kills many, if not , traders. It's a very modest account and I do not mind blowing that simply to keep the gambler in me fulfilled! This has helped me considerably in preserving and growing my primary account.

    That I would also like to take the opportunity here to say a big thank you to some people here (you know who you are) who've helped point me in the right direction when I felt lost in this Currency Market jungle.
    Great Luck,

    Lot of success and pips

  4. #4
    Quote Originally Posted by ;
    Good Luck,

    Lot of success and pips
    Due

  5. #5
    Quote Originally Posted by ;
    EurUsd:

    Am considering buying at at 1.5711, rounded up to 5700. Would prefer a lesser price if I could get that, somewhere around 5650.
    If I am wrong, I've the A-H egy. I've placed an order to buy 5700 but when I am at the screen, I'll try and get it lower when I could.

    Reason for trade:

    Trading with the primary trend.
    1.5711 -50percent fib from low 5510 (3/4/08) to Swing high 5912 (10/4/08).
    Strong support
    Bottom trendline
    Bakuli:

    Good luck and thanks for diary. I know this diary is more to your own tracking. But it will help us newbies to folllow the trade. It'll be helpful a while if you include a chart or mention your chart time frame.

    Thanks again,

  6. #6
    Quote Originally Posted by ;
    :

    Good luck and thanks for Diary. I know this journal is more for your own tracking. But it is going to assist us newbies to folllow the transaction. It will be helpful a while if you include a chart or mention your chart time frame.

    Thanks again,

    FX_California
    Hi Fx_California

    Thanks for the good wishes. I am sorry I haven't submitted any charts like I do not actually understand how to simply yet. I may do this once I learn how to perform it. As for my transactions, they aren't recommendations but I'm trading them myself at a live account. I look for set-ups in the daily and 4 hourly charts for my most important trades. I also refer to the weekly charts to confirm that the main trend remains intact since I would rather trade with the main trend. I'm a new trader finding my way in this FX jungle. Following my transactions won't show anyone how to trade. Please visit Jacko's ribbon and learn the method. That is a recommendation. Hope that helps any newbies looking in.


  7. #7
    My broker is not open till 12 midnight GMT and now I've cancelled my buy order at 5700 as I'm in the screen watching the market. I will wait and see if I could get it lower than 5700, rather at 5650. If it falls below 5650, I will put my buy on hold until I could be as certain as possible that it isn't going to be a deeper correction.

  8. #8
    My broker is currently open for business and Eurusd is currently at 5721 as I write. I missed that the buy at 5700 as my broker was closed then. I am not going to rush into buy at this level. If it drops back to 5700, then I am a buyer but not at the current price.

  9. #9
    Getting bored. Did a scalp, shorted eurusd at 5723, aiming for 5710.

  10. #10
    Closed my eurusd scalp sooner than planned at 5715 for 8 pips quick profit. Shortly afterwards it dropped all the way to 5670!!! Bloody typical ! Anyhow, looking at the positive side, I'm 8 pips in profit and I had a little fun with the punt!

    Concerning how I'm using to scalp. It's called gambler's hunch and purely optional, developed over the decades frequenting the casinos of London! On a serious note, scalping has not been profitable for me in the long run. So why do it? Like I mentioned before, it is to satisfy the gambler in me so that I can leave my primary account alone while waiting for set-ups for my most important trades.

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