Anhmap Trading Journal

Hello Fellow Forex Traders!

I would like to share with you my idea, so that we can grab some pips…

My Trading Style:

  1. Technical Analysis
  2. Use Daily or H4 Chart to analysis to find the Trend.
  3. Make a plane: Stop, Target, Size of Trade, and finally Enter Price.
  4. Use H1 or 30M to enter the Trade for good price if I have time.

My idea for this Week:

NZD.USD H4 PLAN FOR BUY

T1, T2 = Target 1, or Target 2.
S1, S2 = Stop 1, or Stop 2.


Reason to Buy: Strong Support, Rsi overbought.

Watching: Price broke the Trend line 1, so Trend line 1 may acts as a Resistance.

For Plan Detail, see the chart.

Thanks!
Good luck.

Please tell me your…aka

I think you posted wrong screenshot:) From NZDUSD

Here is the:

aud.usd H4 chart;


aud.usd and nzd.usd seem have the same reaction as they are brothers lol… so the plan is similarly.

Good luck!

If you have a different idea, please tell me…

Hello All!

It is impossible to say when to buy or sell or stay away base on what i think rather than based on what the market is.

I would rather stick with the one with more percent of possibility

An update of NZD.USD



Keep analyzing make me think about it more seriously, so i can make a few pips a day…

Happy Trading.


Hello All!




The Trend line On H4 Chart may act as a resistance
, so i use 30M chart to see the potential of it.

The plan for this pair is watching now…

Happy Trading
aka

it is midnight and i still work hard…for my lamborgini or maybe a Model X…lol

SEll or Not TO SEll, I should wait…



The MT4 chart look too bad…

aka

To Me!

It was a busy week with so many things which would were flying in my head on the time…

[U]First, I should always focus on my most important tasks[/U] so I can have time to do many of my To-do-list since I am too young…

[B]Second, Even I won, it does not mean I am good Trader[/B], may be just so so, who’s care!

It was all about JPY…
When it was droping down almost 300 pips in just a minute, I was in front of the screen, and was eating…and had 2 Sell Positions.

I was thinking that it can not make it as my Sell plan.

At that price level, it would go up or down… or not…lol, but it seem it could not…

So I close one with a few pips. Then gonna close net one, and It dropped down like it was no tomorrow…It got my target, 76 pips,

[B]But, My Brain was freezing…and I could not even think.[/B]

[U]What if i was on the opposite side? I thought that I would catch the bottom…and then later burn my account.[/U]

So, I should take time to think about it…

Summary: +1.3%
Trades: 11
Lessons:

  • Only Risk less than 2% if I want to be survive.
  • Never add a position on a losing trade.
  • Forex is uncertain, so be prepare for all scenario.

That’s it…

aka

aka is coming back!

Goals of the Week:

  • 2% account
  • Analysis Pairs:
    AUD.USD, NZD.USD, EUR.USD, GBP.USD, USD.JPY Daily Chart
  • Make it simple and do not expect the perfect Trades.
  • Accept the Risk and Uncertain in every Trade and in every Day.

Analysis:

1. AUD.USD - BUY CONDITION - in or not?


2. NZD.USD - SELL??


3. EUR.USD - SELL?


4. GBP.USD - SELL - I’M IN


5. USD.JPY - BEARISH CONDITION
Since i feel that the 4 other pairs are more beautifull, young… so i do not want to hang out with Japanese girl this week any more…lol

Priority: GBP.USD , AUD.USD, EUR.USD, NZD.USD AS TODAY CONDITION…

Good luck to Me.
aka

It was a busy week with so many opportunities but i could not make any pips.

I got a stop loss for GBP.USD: 80 pips, so I did not want to re-enter my trades again.

I also made a terrible mistake when I tried to play a Supports with AUDJPY. I got my lesson that I lost 10% of my account.

  • I should stick to long term trade plane since i use Daily Chart to analysis.
  • I should cut loss earnly.
  • I should wait for more comfirms.
  • I got too much confident which was very bad.

It seems I should spend this week to adjust my plane if I want to become a real Trader.

  • Use small size to test the trade plane, not 2% risk account.
  • Wait more confirms to enter a trade.
  • Review my Forex Lessons.

Analysis for this Week:

  1. GBP.USD:



  1. AUD.USD BUY?


  1. EUR.AUD: Wait more confirms.


Good Luck to Me.

Hello Anhmap, which trading platform is this?

anhmap is coming back!

@ Heaveneze: Free version: FreeStockCharts.com - Web’s Best Streaming Realtime Stock Charts - Free

Enjoys!

I could even smell that this week would have many opportunities, let’s see!..

First, I spent a week to review and adjust my trading plan to fit my personal trading.

My Trading PLan:

  1. Identify the trend
  2. Make a plan: Stop, Target, Price to Enters, KEEP IT SIMPLE.
  3. Using small size to test the plan
  4. Use Pending Order, Trailing Stop to set up.
  5. If the plan is wrong, STAY OUT. DO NOT TRY TO BE SMART.
  6. If the plan is right, move stop loss to break even or lock in some profit, use Trailing Stop.
  7. Apply the risk management, size management.
  8. Risk is that my trade is still ON.
  9. Never trade during the major News to avoid volatile.
  10. Divide the trade to two trades to easy for close, lock in profit.
  11. Close the trade before 12:00PM on Friday if it is possible.
  12. Then, Enjoys my Weekend.

It seems it is a lot, but I have to do it to become a Profit Trader.

My Week Analysis:

  1. AUDCAD


2.EURJPY


It is enough for a busy week…

Good Luck to Me.
anhmap

It was a busy weekend but then I finally came back to my routine and my long term plan.

  1. USDJPY Sell


  1. USDCAD Sell


GL to me.
anhmap

  1. USDJPY - Im in.

  2. USDCAD - Watching: Decide after the BOC volatile.

  3. GBPUSD


-Not try to play both sides this time because I want to keep it simple. If price break up the trend line, I will stay out for another opportunity.
-Stick to one plan make me easy to manage my plan.

  • Wait for a sell confirm.

After testing my adjust trading plan above, I think that it work very well.

Come up with a plan is just 40 % of the trading, 60% of trading is about how to implement that plan to Trade.

I also need to analyze the market after I place a trade so that I can adjust it quickly because Forex is so uncertain.

When my money is still in the market, it means that it still be risk.

Apply to future trades:

  1. Come up with a plan.
  2. Divide a trade to 4: For example: 1k = 0.1 + 0.2 + 0.3 + 0.4
    Test my plan with 0.1, and decide the rest based on the test.
  3. Use Pending Order.
  4. When ever I have profit:
    • I will move stop loss to break even.
    • Or I will lock in some profit.
  5. Update the analysis every day.
  6. Watch careful on major news release.
  7. Close Trades on Friday Noon.

Week Analysis:

  1. USDJPY


  1. USDCAD


  1. GBPUSD


GL TO ME.
anhmap

It was an entertainment week since many opportunities just show up, and I got some pips from my previous plans. Thanks for my hard Work.

I rarely adjust my analysis at middle of the week because I want to be relax and calm down to do it
at the Sunday Evening, when I refresh my mind after a busy week with a full time job and so many things…

Thanks God, I have not found my girl yet…lol

By that I will minimize the push to try to come up A Plan when there is not…

But, then I come up with a bunch of plans so to be prepare for Forex uncertain. Everything has exception…

Put a pin to those plans, and wait if it works or not…

Because of the news volatile of this week, I decide to close all my trades relate to EUR, USD with the old plans.

With the news plan, will test it with a small size.

  1. USDJPY


  1. USDCAD: CANCLE PLAN

  2. GBPUSD


  1. EURJPY


5.NZDCAD Not very bad plan to avoid the news volatile.


GL To anhmap

Summary: Percent Profit & Loss: - 2.3%

[B][U]Lessons:[/U][/B]

  • I traded too many pairs.
  • I did not cut loss early when I Day Trading.
  • I did not let profit run.

[U][B]THINK[/B][/U]

It is easy to say Cut loss early and Let profit run but it is very difficult to apply it.

I defines the risk is that I have not close all my trades or I have not move the stop loss to break even because the Forex market is so uncertain which the winner becoming the loser is just a second… .

Becoming a Trader is a difficult path for me. When I began learning and trading three years ago, I thought that I would be rich soon.

The idea was that I would quit my job and became a Full Time Trader, so I could travel around the world and still making money…

Right now, I am laughing to that idea…lol

It is not that easy, because I can not predict the future nor I can not predict the Forex market.

I won some trades, and then I gained some confident…and then I over traded to try to be rich soon.

I lost some trades, and then I over traded to try to get my money back…

After three years:
The reality is that, I am still learning right now, and the profit I make in Forex is not what I expect.

[U][B]GOALS:[/B][/U]

  • only analyze 8 pairs: EURUSD, AUDUSD, NZDUSD, GBPUSD, USDJPY, AUDJPY, AUDNZD, EURJPY.
  • use Daily Chart to analyze.
  • Follow the plan.
  • Do not over trade.
  • Move Stop Loss to break even or lock in some profit.
  • Always close the trade before Friday, Noon.
  • Profit: 5%.
  1. Gbpusd: N/a


  1. Audjpy buy


  1. Audnzd buy


  1. Eurjpy sell


  1. Nzdcad: Hits stoploss, cancle plan.

Lesson:

  • I should not place the stop loss too tight on EURJPY, which hit when the price went back near MA 13.
  • I should practice to discipline to follow my System which needs to satisfy all of the rules.

All Traders are waiting the News on WED, THURS, and BREXIT…Should I join them???

High Risk, High Yeild…So be Prepared.

Adjust to Trading Style:

  • 50% TIME to Trade Longterm:

    • Daily Chart:GBPUSD, EURJPY, USDJPY, EURUSD, AUDUSD, AUDJPY
    • Use Treding and Volatile System to plan.
    • If there is no plan, Spend Time to study Something else.
    • Make Flexible plan which can adjust based on analysis.
  • 50% TIME to trade Shorterm:

    • H1 and 30M Chart: NZDUSD
    • Use Trending and Volatile System to plan.
    • Always set Stoploss and Target, Try to use Pending Order.
    • No Flexible Plan Here, Have to close in Day.
    • Record the plan only, no need chart Record.
  1. AUDJPY SELL??