3 ducks with envelopes journal

Trading Discussion Trade Journals
21

Will I endure this long string of losses? Analysis afterwards shows I cannot trade according to rules.

-8% capital net.

No discipline = losses. No patience = losses. Losses x 2 for me.

I will pay more attention to 1 hour chart from now on.

So here is my torture:

  1. AUD USD
    1 hr: File “2096564924_ LMAX-LiveUK - [AUDUSD.lmx,H1] 2015-02-18 11.29.40.png”
    5m: File “2096564924_ LMAX-LiveUK - [AUDUSD.lmx,M5] 2015-02-18 11.31.27.png”

  2. GBP USD
    1hr: File “2096564924_ LMAX-LiveUK - [GBPUSD.lmx,H1] 2015-02-18 11.33.26.png”
    5m x 2 File “2096564924_ LMAX-LiveUK - [GBPUSD.lmx,M5] 2015-02-18 11.38.20.png”

  3. USD JPY
    1hr: File “2096564924_ LMAX-LiveUK - [USDJPY.lmx,H1] 2015-02-18 11.42.36.png”
    5m: File “2096564924_ LMAX-LiveUK - [USDJPY.lmx,M5] 2015-02-18 11.44.35.png”

22

Beautiful Wednesday. Torture continues. -10% drawdown.

  1. USD CAD

1hr: File “2096564924_ LMAX-LiveUK - [USDCAD.lmx,H1] 2015-02-19 09.09.00.png”
5m: File “2096564924_ LMAX-LiveUK - [USDCAD.lmx,M5] 2015-02-19 09.11.40.png”

  1. CAD JPY

1hr: File “2096564924_ LMAX-LiveUK - [CADJPY.lmx,H1] 2015-02-19 09.14.33.png”
5m: File “2096564924_ LMAX-LiveUK - [CADJPY.lmx,M5] 2015-02-19 09.17.25.png”

  1. GBP USD
    1hr: File “2096564924_ LMAX-LiveUK - [GBPUSD.lmx,H1] 2015-02-19 09.19.29.png”
    5m: File “2096564924_ LMAX-LiveUK - [GBPUSD.lmx,M5] 2015-02-19 09.20.57.png”

  2. GBP USD revenge trade
    1hr: File “2096564924_ LMAX-LiveUK - [GBPUSD.lmx,H1] 2015-02-19 09.22.25.png”
    5m: File “2096564924_ LMAX-LiveUK - [GBPUSD.lmx,M5] 2015-02-19 09.24.35.png”

23

Again strain of losses. -14% drawdown.
I wonder how long I can do it. I hope I will not become masochist from it :slight_smile:

  1. EUR JPY
    5m - File “2096564924_ LMAX-LiveUK - [EURJPY.lmx,M5] 2015-02-19 16.24.12.png”
    1h File “2096564924_ LMAX-LiveUK - [EURJPY.lmx,H1] 2015-02-19 16.26.32.png”

  2. EUR JPY
    1h File “2096564924_ LMAX-LiveUK - [EURJPY.lmx,H1] 2015-02-19 16.28.14.png”
    5m File “2096564924_ LMAX-LiveUK - [EURJPY.lmx,M5] 2015-02-19 16.29.09.png”

  3. EUR AUD
    1h File “2096564924_ LMAX-LiveUK - [EURAUD.lmx,H1] 2015-02-19 16.31.21.png”
    5m File “2096564924_ LMAX-LiveUK - [EURAUD.lmx,M5] 2015-02-19 16.32.57.png”

  4. EUR JPY
    1h File “2096564924_ LMAX-LiveUK - [EURJPY.lmx,H1] 2015-02-19 16.34.33.png”
    5m File “2096564924_ LMAX-LiveUK - [EURJPY.lmx,M5] 2015-02-19 16.36.15.png”

  5. USD JPY
    1h File “2096564924_ LMAX-LiveUK - [USDJPY.lmx,H1] 2015-02-19 16.37.56.png”
    5m File “2096564924_ LMAX-LiveUK - [USDJPY.lmx,M5] 2015-02-19 16.39.01.png”

24

I called this journal 3 ducks, but I don’t think I really follow the rules. I think mostly I don’t follow the rules. I will have to work on this.

25

I would go back and reread the pdf and examples in the 3 duck trade if I was you.

I looked at most of your trades on page 3 here and I think I could only find 1 or maybe 2 that I would personally have traded based on the 3 duck system.

26

Thank you for the input. I will get back to basics and focus on only one way of entering: breakouts near MA.

27

Friday mistakes…

  1. GBP USD
    1h: File “2096564924_ LMAX-LiveUK - [GBPUSD.lmx,H1] 2015-02-23 10.25.40.png”
    5m: File “2096564924_ LMAX-LiveUK - [GBPUSD.lmx,M5] 2015-02-23 10.28.13.png”

  2. AUD CAD
    1h: File “2096564924_ LMAX-LiveUK - [AUDCAD.lmx,H1] 2015-02-23 10.30.00.png”
    5m: File “2096564924_ LMAX-LiveUK - [AUDCAD.lmx,M5] 2015-02-23 10.31.40.png”

  3. EUR JPY
    1h: File “2096564924_ LMAX-LiveUK - [EURJPY.lmx,H1] 2015-02-23 10.34.19.png”
    5m: File “2096564924_ LMAX-LiveUK - [EURJPY.lmx,M5] 2015-02-23 10.35.46.png”

  4. AUD USD
    1h: File “2096564924_ LMAX-LiveUK - [AUDUSD.lmx,H1] 2015-02-23 10.38.44.png”
    5m: File “2096564924_ LMAX-LiveUK - [AUDUSD.lmx,M5] 2015-02-23 10.39.44.png”

28

Monday is in green, but little. My fear of loss creates now hesitation to enter… which also has to be balanced.

Capital -15 %

1 USD CHF
1hr File “2096564924_ LMAX-LiveUK - [USDCHF.lmx,H1] 2015-02-23 16.47.42.png”
5min File “2096564924_ LMAX-LiveUK - [USDCHF.lmx,M5] 2015-02-23 16.46.44.png”

  1. EUR GBP
    1hr File “2096564924_ LMAX-LiveUK - [EURGBP.lmx,H1] 2015-02-23 16.59.40.png”
    5m: File “2096564924_ LMAX-LiveUK - [EURGBP.lmx,M5] 2015-02-23 17.00.30.png”
29

These types of systems may have a good run here and there but NEVER work in the long run. I hope you learn that sooner rather than later and stop losing your money. 3 ducks and 3 little piggies went to market lol. Learn how to trade properly. That’s my 2 cents.

30

Green trade after London close:

USD CHF:
1hr File “2096564924_ LMAX-LiveUK - [USDCHF.lmx,H1] 2015-02-23 21.56.53.png”
5m File “2096564924_ LMAX-LiveUK - [USDCHF.lmx,M5] 2015-02-23 21.57.38.png”

31

Thank you for your input. But it is not really very constructive, just destructive.

32

From analysis of my trades I recognize I have such problems:

  1. Overtrade. Trading where there are no setups. Caused by fear of missing out.
  2. Fear of stop losses. Stoplossphobia. Too tight stop losses are creating more losses than correct stop losses.
33

And now some different format:


It was Yellen testimony…

332×608

34

24.02.2015

  1. AUD CAD
    5m: File “2096564924_ LMAX-LiveUK - [AUDCAD.lmx,M5] 2015-02-26 15.37.51.png”

  2. EUR GBP
    5m: File “2096564924_ LMAX-LiveUK - [EURGBP.lmx,M5] 2015-02-26 15.41.49.png”

35


Capital +4% in two days. Now capital is -11 %.

I hope it will continue:

1 EUR USD
1h File “2096564924_ LMAX-LiveUK - [EURUSD.lmx,H1] 2015-02-26 15.48.22.png”
5m File “2096564924_ LMAX-LiveUK - [EURUSD.lmx,M5] 2015-02-26 15.49.33.png”

  1. GBP JPY
    1h File “2096564924_ LMAX-LiveUK - [GBPJPY.lmx,H1] 2015-02-26 15.50.39.png”
    5m File “2096564924_ LMAX-LiveUK - [GBPJPY.lmx,M5] 2015-02-26 15.51.21.png”

  2. AUD USD
    5m File “2096564924_ LMAX-LiveUK - [AUDUSD.lmx,M5] 2015-02-26 15.52.08.png”

  3. EUR AUD
    5m File “2096564924_ LMAX-LiveUK - [EURAUD.lmx,M5] 2015-02-26 15.53.17.png”

36

27.2.2015

One trade, I did not like anything else this day.

NZD USD
1h: File “2096564924_ LMAX-LiveUK - [NZDUSD.lmx,H1] 2015-02-28 12.29.35.png”
5m: File “2096564924_ LMAX-LiveUK - [NZDUSD.lmx,M5] 2015-02-28 12.31.54.png”

37

I am on 2 weeks holidays, will start again well-rested on Monday 16.03 after I come back home.

38

Good trade on 17.03:

  1. CAD JPY:
    1h: File “2096564924_ LMAX-LiveUK - [CADJPY.lmx,H1] 2015-03-21 10.56.11.png”
    5m File “2096564924_ LMAX-LiveUK - [CADJPY.lmx,M5] 2015-03-21 10.58.08.png”

  2. Fear took away gains:
    AUD USD:
    1hr: File “2096564924_ LMAX-LiveUK - [AUDUSD.lmx,H1] 2015-03-21 11.00.10.png”
    5m: File “2096564924_ LMAX-LiveUK - [AUDUSD.lmx,M5] 2015-03-21 11.01.59.png”

39

Last three trades:

  1. GBP / JPY
    1hr: File “2096564924_ LMAX-LiveUK - [GBPJPY.lmx,H1] 2015-04-08 16.20.08.png”
    5m: File “2096564924_ LMAX-LiveUK - [GBPJPY.lmx,M5] 2015-04-08 16.23.00.png”

  2. CAD / JPY
    1hr: File “2096564924_ LMAX-LiveUK - [CADJPY.lmx,H1] 2015-04-08 16.24.50.png”
    5m: File “2096564924_ LMAX-LiveUK - [CADJPY.lmx,M5] 2015-04-08 16.26.24.png”

  3. CAD / JPY
    1 hr: File “2096564924_ LMAX-LiveUK - [CADJPY.lmx,H1] 2015-04-08 16.27.09.png”
    5m: File “2096564924_ LMAX-LiveUK - [CADJPY.lmx,M5] 2015-04-08 16.28.25.png”

Capital -16%

Capital curve:
File “LMAX USD LIVE _ Myfxbook - Google Chrome 2015-04-08 16.30.14.png”

It seems I stopped to make stupid mistakes and at least I am not drowning. I have positive attitude, that I will come back to 0% and then 5% a month.
2.

40

I end this journal. This system is not for me. Was looking good in theory.