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Members of ForexSignalMentor.com How's your progress going? Post your results and if you need any extra one-on-one help, a good place to start is to post here and myself and others will help you.



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 Post subject: My Trade Journal - The learning Curve
PostPosted: Sat Jan 29, 2011 1:36 am 
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Joined: Sat Jan 08, 2011 6:21 pm
Posts: 9
Location: Gold Coast Australia
Hi everyone ive set this thread up to help new ones such as my self and others to gorw faster in experience........ So if you have heaps of experience please comment and leave suggestions on how to improve thnks.

Goal
Ok, my Aim is to work up to averaging 100 pips a week

Statergies
Heres my Plan please leave suggestions if you have better ways to trade :)

UGC - 1hr,4hr, Daily time Frames
IMACD - 30m, 1hr, 4hr Time frames
Power Trades - 15m, 30, 1hr time frames
Twin candle 4hr, Daily Time frames
TBM -1hr, 4hr, Daily Time frames
Deliberation - 1 hr, 4hr, Daily
Awesome Trader (fractal brealout) - 30m, 1hr, 4hr Time frames

Pairs im trying to watch for these are euro/usd , gbp/usd, usd/jpy, usd/chf, euro/jpy, usd/cad, aud/usd, gbp/jpy, cad/jpy, aud/jpy
hopefully with practice and some time i can become good at spoting them quicker

my first trade was just to get warmed up a bit so took a smaller TF
Fractal breakout 15m usd/chf . made 20 pips
Image


second trade for the first week
Fractal breakout 1hr Gbp/jpy - had a trailing stop of bout 30- 40 pips and it took me out too earlyas u'll see :(
Image


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 Post subject: Re: My Trade Journal - The learning Curve
PostPosted: Sat Jan 29, 2011 2:35 am 
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Joined: Tue Sep 29, 2009 10:35 am
Posts: 304
k... good to see ya showing the pics, hope its not short lived like everyone else who made their attempts then stopped. :(

ok... your first image, was lucky... why? remember the few times i said in our skype group chats with the rest of the people there? dont buy or sell on a side ways trend. the fractal break out you got there, was done in a side ways trend.
The 2nd trade you did, you waited for too many candles to pass by before executing, they should expire after the 5th candle / period.

keep drawing those out, and see if we can strength how your bot is getting these signals out :)

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All the best
Loz
CEO Forex Signal Mentor
https://www.forexsignalmentor.com
CEO Daily Trading System
Daily Trading System
CEO Ultimate Golden Cross
https://ultimategoldencross.com
CEO Article Marketing Robot Videos
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"Our greatest weakness lies in giving up. The most certain way to succeed is always to try just one more time.
"

-Thomas Edison


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 Post subject: Re: My Trade Journal - The learning Curve
PostPosted: Sat Jan 29, 2011 3:42 am 
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Joined: Sat Jan 08, 2011 6:21 pm
Posts: 9
Location: Gold Coast Australia
Ok cool, thnks for tip ill make the orders expire on the 5th period, and do my best not to trade in the sideways markets


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 Post subject: Awseom trader (fractal breakout) help?
PostPosted: Mon Jan 31, 2011 2:57 am 
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Joined: Sat Jan 08, 2011 6:21 pm
Posts: 9
Location: Gold Coast Australia
Hay Loz and others Would this classify as a Awesome trader ( fractal Breakout) Trade or would that support be too much of a problem? ive put a green line where i thought may be a possible stop order...... could you let me no what would be good to do in situations like this?

thnks

Image


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 Post subject: Re: My Trade Journal - The learning Curve
PostPosted: Mon Jan 31, 2011 8:28 am 
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Joined: Sat Jan 08, 2011 6:21 pm
Posts: 9
Location: Gold Coast Australia
Ok heres the start of the second week and had a couple of trades. I have reduced the number of pairs im wacthing to just 4, since 9 or 10 which i had before was too much and i couldnt keep an eye on them all, this seems to be working better for now, so see how it goes.

First trade i caught tonight was off the hrly, Euro/usd. TBM setup little earlier in the arvo, when i got home i spotted it and set the order with an expiry of 12 hrs counting from the confitmation candle........
this is how it played out....... also noticed ther was convergance on mac, and think was buy arrow as well which help lean towards the trade

Image



Heres the second i caught, was a fractal breakout off the Euro/jpy. ..... i placed the buy order outside the resistance channel instead of just above the fractal just incase, think loz always says not to buy under the resistance so i went above it :) and guess wot it worked out this time so all good have a look, please leave comments on ways to improve .......
Image



The 3rd trade im not happy with my self cause i got impatient and a little worried cause it wasnt moving so i bailed out round break even and lost the sprad of a couple of pips...grrrrr, ruined my winning run lol but here it is........

Image


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 Post subject: Re: Awseom trader (fractal breakout) help?
PostPosted: Mon Jan 31, 2011 8:56 pm 
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Joined: Tue Sep 29, 2009 10:35 am
Posts: 304
That support might hold, so i'd ignore the set up, plus dont use larger spread pairs... use pairs with spreads no more than 4, 3 preferably.

Ben wrote:
Hay Loz and others Would this classify as a Awesome trader ( fractal Breakout) Trade or would that support be too much of a problem? ive put a green line where i thought may be a possible stop order...... could you let me no what would be good to do in situations like this?

thnks

[img]

_________________
All the best
Loz
CEO Forex Signal Mentor
https://www.forexsignalmentor.com
CEO Daily Trading System
Daily Trading System
CEO Ultimate Golden Cross
https://ultimategoldencross.com
CEO Article Marketing Robot Videos
-------
"Our greatest weakness lies in giving up. The most certain way to succeed is always to try just one more time.
"

-Thomas Edison


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 Post subject: Re: My Trade Journal - The learning Curve
PostPosted: Mon Jan 31, 2011 9:00 pm 
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Site Admin

Joined: Tue Sep 29, 2009 10:35 am
Posts: 304
all looks good Ben, but try not to tell people what the strategies are and how to do them, or no one will get FSM then ;)

these are top secrete strategies :)

mention the strategy number, or abbreviate it :)

_________________
All the best
Loz
CEO Forex Signal Mentor
https://www.forexsignalmentor.com
CEO Daily Trading System
Daily Trading System
CEO Ultimate Golden Cross
https://ultimategoldencross.com
CEO Article Marketing Robot Videos
-------
"Our greatest weakness lies in giving up. The most certain way to succeed is always to try just one more time.
"

-Thomas Edison


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 Profile  
 
 Post subject: Re: My Trade Journal - The learning Curve
PostPosted: Tue Feb 01, 2011 2:04 am 
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Joined: Sat Jan 08, 2011 6:21 pm
Posts: 9
Location: Gold Coast Australia
ah..... ok i forgot the site was limited to members ooopppppssss :shock:


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 Post subject: Re: My Trade Journal - The learning Curve
PostPosted: Thu Feb 03, 2011 3:52 am 
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Joined: Sat Jan 08, 2011 6:21 pm
Posts: 9
Location: Gold Coast Australia
ok I manage to stuff up a power trade while trying it for the first time....... could you please let me know where i went wrong, like what i didnt see which would have told me maybe not to take this one?

Image


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 Post subject: Re: My Trade Journal - The learning Curve
PostPosted: Thu Feb 03, 2011 9:13 am 
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Site Admin

Joined: Tue Sep 29, 2009 10:35 am
Posts: 304
dunno, cant see image, too small.

1280x720 px should work.

_________________
All the best
Loz
CEO Forex Signal Mentor
https://www.forexsignalmentor.com
CEO Daily Trading System
Daily Trading System
CEO Ultimate Golden Cross
https://ultimategoldencross.com
CEO Article Marketing Robot Videos
-------
"Our greatest weakness lies in giving up. The most certain way to succeed is always to try just one more time.
"

-Thomas Edison


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