FOREX TRADING JOURNAL - Intraday min SL, EUR/USD preferrably

úterý 18. srpna 2009

Fx: RRR 1:2, 15min, Forex Factory Calendar
EUR/USD, S, 100u, -20/40, 1st lower high of a pullback after bounce from 50, = -20
EUR/USD, B, 100u, -30/60, Japan opening, = -30
GBP/USD, B, 100u, -30/60, Japan opening, = -30

BetOnMarkets RWI25pctvol, 5m flash, 5m charts
3min flash, near to top of resistance line, 5m pullback: Win

copy to the next trading day:
Results today & suma since 18.08.2009:
Fx: ...% & ...%
BetOnMarkets RWI25pctvol: ... Losses / ... Wins & ... Losses / ... Wins
BetOnMarkets Break Out: ... naklady / ... vynos & ... ztrat / ... vyher

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Okomentovat

Final trading plan

1. Trade any pair. Remember that EUR/USD has the best range/spread ratio.
2. Make a trading time plan for every day and follow it.
3. Trade when there is the lowest spread (0.9pips for EUR/USD with Oanda).
4. Avoid overtrading.
5. After a good move set SL to BE+1.
6. a) Ranging market = no trade.
b) Trending market = open the trade at the bottom/top of a pullback.
c) Jumping market = place ESB/ESS order.
7. Draw S/R & 20/50/80/100 horizontal lines. Will help you to follow the price
8. Draw news vertical lines. Will help you to avoid being in a trade and get stopped out by spread widening.
9. Be picky about your entries. Wait until you feel confident. There are many opportunities with this method. Wait for the best ones.
10. Trade when there is a strong price shift expected. Place tight SL. Only a big loss can hurt you.
11. Risk 1% per trade.
12. Document all the trades. That is the key how to improve ones trading skills.
13. Read & Relax. Mindset is everything.

Vývoj vlastního kapitálu [%]

__DATUM__||_HODNOTA PODÍLU_||od posledni /ke startu||_ZHODNOCENÍ YTD_

27.08.2008 ||____$1149,95____ || _0,09% / _0,11% || ____ +15,00%___
26.08.2008 ||____$1148,86____ || _1,93% / _2,18% || ____ +14,89%___
25.08.2008 ||____$1127,06____ || _1,87% / _2,07% || ____ +12,71%___
24.08.2008 ----------------------- market is closed ---------------------
23.08.2008 ----------------------- market is closed ---------------------
22.08.2008 ||____$1106,35____ || _1,50% / _1,64% || ____ +10,64%___
21.08.2008 ||____$1090,00____ || _0,00% / _0,00% || ____ +9,00%____
20.08.2008 ||____$1090,00____ || _0,00% / _0,00% || ____ +9,00%____
19.08.2008 ||____$1090,00____ || _0,00% / _0,00% || ____ +9,00%____
18.08.2008 ||____$1090,00____ || _0,00% / _0,00% || ____ +9,00%____
17.08.2008 ----------------------- market is closed ---------------------
16.08.2008 ----------------------- market is closed ---------------------
15.08.2008 ||____$1090,00____ || +6,30% / +6,50% || ____ +9,00%____
14.08.2008 ||____$1025,00____ || _0,00% / _0,00% || ____ +2,50%____
13.08.2008 ||____$1025,00____ || -1,40% / -1,50% || ____ +2,50%____
12.08.2008 ||____$1040,00____ || +2,50% / +2,50%_ || ____ +4,00%____
11.08.2008 ||____$1015,00_____|| +1,50% / +1,50% || __ +1,50%____
10.08.2008 ----------------------- market is closed ---------------------
09.08.2008 ----------------------- market is closed ---------------------
08.08.2008 ||____$1000,00______ STARTING BALANCE

Mantra

1. The market pays you to be disciplined

2. Be disciplined every day, in every trade, and the market will reward you. But don`t claim to be disciplined if you are not 100% of the time

3. Be patient

4. Never turn a winner into a loser

5. Your biggest loser can`t exceed your biggest winner

6. Develop a methodology and stick with it. Don`t change methodologies from day to day

7. Be yourself. Don`t try to be someone else

8. You always want to be able to come back and play the next day

9. Earn the right to trade bigger

10. Get out of your losers

11. The first loss is the best loss

12. Don`t hope and pray. If you do, you will lose

13. Don`t worry about news. It is history

14. Don`t speculate. If you do, you will lose

15. Love to lose money

16. If your trade is not going anywhere in a given timeframe, it`s time to exit

17. Never take a big loss. Only a big loss can hurt you

18. Make a little bit every day. Dig your ditches. Don`t fill them in

19. Hit singles not home runs

20. Consistency builds confidence and control

21. Learn to sweat out (scale out) your winners

22. Make the same type of trades over and over again - be a bricklayer

23. Don`t over-analyze. Don`t procrastinate. Don`t hesitate. If you do, you will lose

24. All traders are created equal in the eyes of the market

25. It`s the market itself that wields the ultimate scale of justice

--- by Douglas E. Záleský ---

Forex Poetry

Persistence Breaks Resistance

Stop Loss is my Boss

Logic Wins, Impulse Kills

Plane Your Trade, Trade Your Plan

Learn and Earn

"I have not failed. I've just found 10,000 ways that don't work."

Thomas Edison

Impossible does not exist, difficult is a relative term and failure is never a failure until you decide not to try again.

A Quitter Never Wins - And a Winner Never Quits

Experience can not be rushed.

"Key is in your adaptability and intuition, not in your indicators." jeta (nickname from forexfactory.com)

"It doesn't matter how often you are right or wrong - it only matters how much you make when you are right versus how much you lose when you are wrong."
George Soros

The best traders have no ego. Tom Baldwin

Was shorting the Argentine peso your favorite trade of all time?
"No. I don`t have a favorite trade of all time. My favorite trades are when I`m wrong and get out without losing too much money."
-Anonymous, Currency Fund Manager, London

"Everything that is really great and inspiring is created by the individual who can labor in freedom."
-Albert Einstein

"A paranoid is a man who knows a little of what’s going on."
- William S Burroughs

“You are neither right nor wrong because the crowd disagrees with you. You are right because your data and reasoning are right.”
- Warren E. Buffet

If you miss a move, there's going to be another one just around the corner.

Great Spirits have always encountered violent opposition from mediocre minds - Albert Einstein; 1940

Relax and be happy.

Expect the unexpected.

"It's not the strongest species that survive, nor the most intelligent, but the one most responsive to change" - Darwin.

V zivote si muzete vybrat jednu ze dvou cest: Bud budete napodobovat jine, nebo si vytvorite vlastni budoucnost.
Jonas Ridderstrale

Hence one trader's myth is another trader's route to profit.

FOREX TRADING JOURNAL - Intraday min SL, EUR/USD preferrably

úterý 18. srpna 2009

Žádné komentáře:

Final trading plan

MONEY MAKING SCENARIOS

Graf vývoje vlastního kapitálu [%]

Vývoj vlastního kapitálu [%]

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