BabyPips.com Forex Forum - Trade Journals http://forums.babypips.com/ Record and share your trade ideas in here! Create your own thread to track your personal progress or follow other traders as they embark on their journeys to become consistently profitable! en Fri, 24 May 2013 10:49:45 GMT vBulletin 60 http://forums.babypips.com/images/misc/rss.png BabyPips.com Forex Forum - Trade Journals http://forums.babypips.com/ how I make a trade Journal http://forums.babypips.com/trade-journals/54187-how-i-make-trade-journal.html Thu, 23 May 2013 10:57:32 GMT I know journal very much because I am a accounting student but I dont know trading journal.Please help me? I know journal very much because I am a accounting student but I dont know trading journal.Please help me? ]]> Trade Journals siddika http://forums.babypips.com/trade-journals/54187-how-i-make-trade-journal.html Another Zulu Trade-Signal provider trading journal http://forums.babypips.com/trade-journals/54153-another-zulu-trade-signal-provider-trading-journal.html Wed, 22 May 2013 14:27:36 GMT Hi,

I've been with Zulu Trade since July 2012, first as a follower, now I'm also trying my skills as a signal provider.

Yeah, I noticed the Zulu Trade-Signal provider trading journal by gkawa22 but I don't want to interfere with his or hers posts or bug him or her so I decided to start my own thing.

Anyway, I started out my belowed signal provider account in January and first I thought I would try very short term trades based on economic releases but after four days of trying I thought this is not my thing (I currently have a second signal provider account trying to implement the original strategy, but not very successfully). I came up with a long term strategy based only on fundamental analysis under which most positions are open for about a month, then reviewed and can be reopened in the same direction. Initially I started with only one position open at any given moment but after a few months I tought that this is too constraining and if successful can be easily copied and worse - why would anyone follow the signals if they could watch what I do and open them manually? So I switched to a max of three open positions, with a stop of 500 pips each. The shortert I've held a positions after that is two days and a half (not counting a USD/CNH position) that I closed in a matter of seconds because for some reason did not get copied to my follower account (don't worry, I didn't have any followers at that time).

Concerning the results, +1224 pips in 18 weeks, 346 pips max DD and +600 pips open positions.

I have four followers including myself. One follower is using a demo account, another one started following me yeasterday with a balance of USD 0.00 lol and one with some USD 2,500 for which I have made a profit of USD 68 but holds me disabled at the moment since recently lost a large part of his equity (he had over USD 13,000), probably beacause he was following more than 40 signal providers.

I'm ranked 1,215-th and I really find it really unfair how the ranking system works. It really encourages daytrading and scalping which is kinda logical since taht way the brokers will collect wuch higher commissions. Also, why do the followers love so much scalpers and daytraders? I found almost no signal providers in the top 1,000 who have average pips per trade of over 100 and an average trade time of over a week. Imo most of the followers are suicidal by following risky providers and then whining when something goes wrong.

Sorry, drifting away. This is supposed to be a journal. I decide whether to open a certain position after much reading and finding a strong fundamental reasons for certain pairs to move in a certain direction. Currently I have three open positions - buy USD/JPY, buy NZD/JPY and sells USD/CNN. I started discussing my strategy in a forum in my homeland and I'm really having a nice discussion there, I hope I have one here as well. ]]> Trade Journals Phoenixheart http://forums.babypips.com/trade-journals/54153-another-zulu-trade-signal-provider-trading-journal.html <![CDATA[ATRWilder's Journal]]> http://forums.babypips.com/trade-journals/54101-atrwilders-journal.html Mon, 20 May 2013 23:51:15 GMT "Enjoy every moment objectively"
"Feelings and thoughts are connected"
"My mind is sound and my body is healthy"
"I appreciate what I have and visualize my future"

1. Ask - Desire is a powerful force
2. Believe - The mind is the ultimate creator
3. Receive - Accept your intended manifestations
4. Take Action - Develop a process and realize your dreams

Pairs
EUR/USD, GBP/USD, AUD/USD
USD/JPY, EUR/JPY, GBP/JPY, AUD/JPY
EUR/GBP, EUR/AUD, GBP/AUD, GBP/CHF

Topics
Chart Setup
Workstation Setup
Intro to True TimeFrames
Fib Applications and SR Concepts
Net Positions and Seasonal Tendencies
Market Profiling and Entry-Exit Strategies
Consistency - A Professional Trader's Mindset
Daily KZs, Weekly Workups, Range/Duration Theory
InterMarket Analysis (STF/iTF Correlation Cycles & SMT)
The Business Cycle (HTF/VHTF InterMarket Relationships) ]]> Trade Journals atrwilder http://forums.babypips.com/trade-journals/54101-atrwilders-journal.html <![CDATA[jossfx's journal (track record) my trades exposed]]> http://forums.babypips.com/trade-journals/54096-jossfxs-journal-track-record-my-trades-exposed.html Mon, 20 May 2013 22:17:10 GMT Hi guys,

You can see my presentation here: http://forums.babypips.com/introduce...9-hi-guys.html

In this space I will posted some pictures of my trades.

jossfx profile:

DayTader
TF's: Daily, H4, H1, M30
My own strategy
0,2% per trade
risk/reward around of 1:3 - 1:6
My broker is Alpari UK - ECN account
-------

let's go. ]]> Trade Journals jossfx http://forums.babypips.com/trade-journals/54096-jossfxs-journal-track-record-my-trades-exposed.html Elliot wave principle trading journal http://forums.babypips.com/trade-journals/54095-elliot-wave-principle-trading-journal.html Mon, 20 May 2013 20:43:07 GMT USD/CHF Long size: .18 Entry: .96691 S/L: .96381 Fibonacci extension on wave 1 price made 7-wave pattern to 23.6 level SL just below... USD/CHF
Long

size: .18
Entry: .96691
S/L: .96381

Fibonacci extension on wave 1
price made 7-wave pattern to 23.6 level
SL just below 23.6 level

exit at end of blue wave 3

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]]> Trade Journals Jeffg http://forums.babypips.com/trade-journals/54095-elliot-wave-principle-trading-journal.html Growing my money long term - a goldenmember journal http://forums.babypips.com/trade-journals/53986-growing-my-money-long-term-goldenmember-journal.html Thu, 16 May 2013 15:07:26 GMT I haven't posted on this forum for a long while, but I thought I would return with a trade journal. Here I will be posting up my general view of the market and some trade ideas behind it. I am still a bit paranoid of stop hunting and brokers being cheeky (there have been a few incidents that have required a telephone call to sort out price mismatches etc) so most ideas will be listed after the fact and I won't give 'live trade' calls as such. I have a myfxbook that I have traded since October 2011.

The link is below:

goldenmember's Profile | Myfxbook

The thread will be updated with my current views on the market as time allows - discussion and posting is welcome and encouraged. ]]> Trade Journals goldenmember http://forums.babypips.com/trade-journals/53986-growing-my-money-long-term-goldenmember-journal.html blacknights trading Journal http://forums.babypips.com/trade-journals/53925-blacknights-trading-journal.html Tue, 14 May 2013 16:14:53 GMT 15/05/2013 F7ZGFZA7 Spot FX EUR/USD - 1.29752 A$ -5 1.29693 297.68 5.9 14/05/2013 F7Y6F8AZ Spot FX EUR/USD - 1.29692 A$ 3 1.29792 302.43 10.0 ... 15/05/2013 F7ZGFZA7 Spot FX EUR/USD - 1.29752 A$ -5 1.29693 297.68 5.9
14/05/2013 F7Y6F8AZ Spot FX EUR/USD - 1.29692 A$ 3 1.29792 302.43 10.0

Total AUD $600.11 pips 15.9

all trades are standard contracts.

Nice start to day 1

cheers ]]> Trade Journals fxblacknight http://forums.babypips.com/trade-journals/53925-blacknights-trading-journal.html I AM SAMM journal http://forums.babypips.com/trade-journals/53853-i-am-samm-journal.html Sun, 12 May 2013 15:23:14 GMT Just want to designate some entries for a journal that I want to keep. Likely it'll go by the wayside like so many others - but I am going to try.

Edited
Oh - I'll only be trading the e/u
5/13 -
balance from 80 to 75.49 on three trades so a loss of 5.6%
The good
I suspected when entering my trades it would be a sloppy day
The Bad
Although trading sloppy days is doable - less risk and reach for less profit

seeya tomorrow ]]> Trade Journals I AM SAMM http://forums.babypips.com/trade-journals/53853-i-am-samm-journal.html Turtle Trading Adaptation http://forums.babypips.com/trade-journals/53841-turtle-trading-adaptation.html Sun, 12 May 2013 01:49:10 GMT During the Past year and a half I have constantly looked, as I believe many people do, for a profitable trading system that fits my life style. Given... During the Past year and a half I have constantly looked, as I believe many people do, for a profitable trading system that fits my life style. Given a 12 plus hour a day job and a family to spend time I have zero ability to sit in front of my computer for hours at a time. Over recent months I came across a document online called Original Turtles: Fighting the scams, frauds and charlatans, which provided me the baseline for my current trading strategy. This system is a purely a mathematical system so it takes all of the emotion out of trading for me which, I had a terrible time dealing with when I first started. The premise of the system consists of identifying the 20-day high and low for a specific currency pair along with the calculated volatility. I calculate the volatility as follows:

N = volatility (as references in the document)

Daily Range = Daily High - Daily Low
Previous Days N (PDN) = 20 day average of the Daily Range of the pair.

N = (19 x PDN + DR) / 20

These calculation actually require 21 days of information concerning a pair

Example for USD / JPY Pair

Date Last High Low DR
10-May-13 101.62 101.98 100.73 1.25
9-May-13 100.83 100.86 98.65 2.21
8-May-13 98.89 99.16 98.58 0.58
7-May-13 98.8 99.39 98.66 0.73
6-May-13 99.37 99.45 99.06 0.39
5-May-13 99.11 99.20 99.03 0.17
3-May-13 99.03 99.27 97.94 1.33
2-May-13 97.94 98.39 97.09 1.30
1-May-13 97.14 97.67 97.03 0.64
30-Apr-13 97.28 98.12 97.02 1.10
29-Apr-13 97.89 98.20 97.36 0.84
28-Apr-13 97.86 98.08 97.69 0.39
26-Apr-13 98.08 99.38 97.56 1.82
25-Apr-13 99.34 99.56 98.99 0.57
24-Apr-13 99.43 99.77 99.19 0.58
23-Apr-13 99.66 99.71 98.48 1.23
22-Apr-13 99.19 99.89 98.98 0.91
21-Apr-13 99.82 99.89 99.53 0.36
19-Apr-13 99.53 99.69 98.11 1.58
18-Apr-13 98.22 98.53 97.64 0.89
17-Apr-13 98.07 98.44 97.22 1.22


20 Day High Low 18.84 (This is the total of 9-17MAY's DR)
101.98 97.02

PDN 0.94 Calculated (18.84/20)
N = 0.96 Calculated (19 x.94 + 10MAY's DR 1.25) / 20

I have all of this information in an Excel Spread sheet so all I have to do is put in the daily high and lows for the pair and the information is auto-calculated.

My entry points are exactly one pip above the 20 day high for a Buy position and one pip below the 20 day low for a Short position. I double the calculated N and use that to identify my TP and SL points.

Example:

N 0.96
2N 1.91 (I understand this is off by .01 but that's how my spreadsheet calculated it)

Sell Buy
Entry Price 97.02 101.98

Stop Loss (2N) Sell Buy
Entry Stop 1.91 98.93 100.07

Take Profit (2N) Sell Buy
Entry TP 1.91 95.11 103.89


I simply take this information and place my orders and wait for the market to move. As you can imagine it took me much longer to make my spreadsheet to all of these calculations for me but once it was completed I spend less than 5 minutes every night after 8 pm EST when the market rolls over into a new day to get my information and adjust my orders.

If you have managed to read this far I applaud you because admittedly the above information is incredibly dry no matter how I write it. The thing that matters is results so at the end of this month I'll post my information for you the reader to decide how well my systems works. Happy Trading. ]]> Trade Journals dhanson888 http://forums.babypips.com/trade-journals/53841-turtle-trading-adaptation.html Trade Journals in German Language http://forums.babypips.com/trade-journals/53644-trade-journals-german-language.html Sat, 04 May 2013 16:00:41 GMT Hi, I will be very grateful if somebody could suggest me about trade Journals which should be in German language. Thanks in advance. Hi,

I will be very grateful if somebody could suggest me about trade Journals which should be in German language.

Thanks in advance. ]]> Trade Journals forexeaexpertl1 http://forums.babypips.com/trade-journals/53644-trade-journals-german-language.html My no-stop-loss strategy trading journal http://forums.babypips.com/trade-journals/53530-my-no-stop-loss-strategy-trading-journal.html Mon, 29 Apr 2013 17:46:05 GMT Hello everybody. Here below my trading account after almost 1 year, where I use Smalfi Method 21/1. The strong points of this strategy, which... Hello everybody. Here below my trading account after almost 1 year, where I use Smalfi Method 21/1.

The strong points of this strategy, which applies only on EUR/USD are the money management, the absence of losses (by not using the stop-loss) and ease of use: I use only pending orders, following fixed rules, and I manage all in just few minutes a day without stress.

I Will update this thread periodically with updated results of my trading account, and I'll answer all your questions as best as possible.

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Monthly performance:

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See you soon.
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]]> Trade Journals nifed76 http://forums.babypips.com/trade-journals/53530-my-no-stop-loss-strategy-trading-journal.html Trade Idea for 29 Apr - 3 May http://forums.babypips.com/trade-journals/53498-trade-idea-29-apr-3-may.html Sun, 28 Apr 2013 13:49:16 GMT Hello All Here is my trade idea for this week AUD/CHF Daily .. I would like to hear your comments and feedback on it .. Thanks and GL .. ... Hello All

Here is my trade idea for this week AUD/CHF Daily .. I would like to hear your comments and feedback on it ..
Thanks and GL ..


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]]> Trade Journals WARaintOVER http://forums.babypips.com/trade-journals/53498-trade-idea-29-apr-3-may.html Stop Loss Blunder http://forums.babypips.com/trade-journals/53480-stop-loss-blunder.html Sat, 27 Apr 2013 09:12:23 GMT First of all, I am a newbie. Thursday session was one to forget for me. I saw the analysis of GBPJPY in one of the threads around here and decided to... First of all, I am a newbie. Thursday session was one to forget for me. I saw the analysis of GBPJPY in one of the threads around here and decided to enter the trade. I was so confident that the trade would go my direction and as a result I ended up setting a stop loss at a position that didn't give the trade room to breath.

My trade reversed after I had stopped monitoring it and headed straight for my SL. My SL was triggered & immediately price changed direction and heading towards my expected target. By the time I noticed it was too late to jump into the trade and try to redeem something. Here is what happened in more than a thousand words.

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I will be careful next time.
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]]> Trade Journals PipsCall http://forums.babypips.com/trade-journals/53480-stop-loss-blunder.html Journal excerpt of a tragedy http://forums.babypips.com/trade-journals/53455-journal-excerpt-tragedy.html Thu, 25 Apr 2013 19:32:46 GMT Hello traders.

I don't keep a journal here, but on a spreadsheet. Today was a bit eventful for me, I thought you might like to hear about how it's NOT done.

Today, in place of the cells that I would usually enter trade data into the spreadsheet, I just wrote the following paragraphs. I am still a learner, looking for an edge, using a demo account. I am sure there will be some criticism after you've read it, and I'm all ears if it's constructive!

Here goes:

MELTDOWN - Today I lost control of my emotions and discipline. Initially my trades were going as planned, using my Pivot Points range strategy. However after about an hour, they hit consolidation, after which they went against me and stopped me out. I will not be journalling these trades as I believe that the lesson to be learnt here is not to do with strategy, but psychology. Out of eight trades today, only two were in profit, and they were simply at breakeven to get out of a consolidating trade. What went wrong? I thing the economic data releases on the GBP GDP had most to do with the spikes in EUR and GBP pairs. I tried to trade these on a contrary basis, expecting the "Big Boys" to snap up the huge news candle back towards the previous price range. They didn't. Price reacted to the news, stayed there, then continued further away from my target. Most other pairs I looked at seemed very stagnant. I can understand now why I read about traders who don't trade on big news days. Perhaps they were all on the sidelines waiting for the news explosion to settle. I will certainly think twice next time. Another big no-no I did today was to carelessly experiment with other techniques with no regard for my capital. I tried scalping in revenge of the trades I'd lost, not caring about depleting my capital further. I hope I don't behave like this with real money when I go live. Lessons to be learnt today are 1) Know when to get out of a trade if it is not going your way. Initial thoughts for this are to have a plan for when the market consolidates. 2) Develop a system for taking profits at certain stages of the trade. 3) CONTROL EMOTIONS --- DON'T BE GREEDY--- SET STOPS AND TARGETS SENSIBLE LEVELS. 4) Find out about alerts to warn me when trades need attention. That is all for now. I am annoyed with myself for letting my emotions get to me. Especially as yesterday I was feeling so good about feeling like I had found a system that works, and that I was finally getting the hang of trading. I think my system is probably a good one, but the economic data releases just steamrollered me today. I will continue to test and develop the current system, and try to learn from todays mistakes. See right for the damage I did to my account today :-( >>>>>>


I started the day with £849.80
Lost £118.80
Balance now: £731.08

Long road ahead.

Rez. ]]> Trade Journals Rez http://forums.babypips.com/trade-journals/53455-journal-excerpt-tragedy.html