My own journal

Entry Date: 11/7/2013______ Pair:USD/JPY___
Exit Date: 11/8/2013____

  1. Which Main Time Frame Are you using? H4, Daily,

  2. Are you trading because of the following? :

  • Trading Purely on other people’s advice N
  • Trading what is not in the system N
  • To revenge the market for what you have lost N
  • Did my own Analysis Y
  • Less than 6 trade per week Y 5h
  1. Describe the setup.

1:1 Daily sell

  1. What are the PA Confirmation Signals?

entered at immediate price reaction

  1. Adding to Winning Positions

Elaborate:

  1. Risk / Stop / Exit
  • Standard Stop Loss 40 pips ± 10 S/L:30_
  • Risk % of your Account: 1.5_____
  • Trailing Stop highest high, lowest low of last three or four 4H bars Y / N
  • Other: _____________________
  1. Record your thoughts.

Profit Locked in at 95 pips, 382
What a volatile last few days of the week, good thing I locked in the profit.

  1. Result of the trade: Gain 95 pips

Read more: 301 Moved Permanently

New Templates
Entry Date: ______________ Pair:_______________
Exit Date: ______________

  1. Which Main Time Frame Are you using? (Circle) 4H / Daily / 1H

  2. Are you trading because of the following? :

  • Trading Purely on other people’s advice Y / N
  • Trading what is not in the system Y / N
  • To revenge the market for what you have lost Y / N
  • Did my own Analysis Y / N
  • Less than 6 trade per week Y / N
  • Do you completely accept this risk/stop loss? Y / N
  1. Describe the setup.

  2. What are the PA Confirmation Signals?

  3. Adding to Winning Positions

  4. Risk / Stop / Exit

  • Standard Stop Loss 40 pips ± 10 S/L:________________
  • Risk % of your Account: _________________
  • Trailing Stop: _____________________
  • Other: _____________________
  1. Record your thoughts.

  2. Result of the trade: Gain / Loss of ________ Dollars ____________ pips or % gain

Weekly/Monthly Review sheet

Week/Month of : _________________

  1. Total number of Trades:

  2. Net Gain/Loss:

  3. Floating P/L:

  4. Evaluation for each pair/trades:

  5. Personal Evaluation

  • What did you do well this week that you should keep up?

  • What were you emotions like?

  • What would you have done differently and what would you do differently in the future?

  1. Pairs to watch next week

Account size Before: __________ Account Size After: ______________

Weekly Review sheet

Week of : 11/03/2013-11/08/2013_________

  1. Total number of Trades: 5

  2. Net Gain/Loss:
    Rolled over gain from last week: 390
    This week’s gain: 135
    Total Closed: +525

  3. Floating P/L: None, all trades closed

  4. Evaluation for each pair/trades:

It was very volatile week for all the pairs, it was tough to make a profit but biggest gain came from USD/JPY which completed the perfect pattern and reversed Instantly. Entry was tricky but still managed to get in which was great. Eyeing PA and system entries on CAD/CHF and GBP/AUD next week.

  1. Personal Evaluation
  • What did you do well this week that you should keep up?
    Watching PA closely and analyzing. Volatile but still managed to profit.
    Managing emotions. Trading my system that gives me the best edge and nothing else.

  • What were you emotions like?

I am now able to manage my emotions way better than in the past. There was no extreme emotional swings after risking, entering and after profiting. Trading with consistency never for excitement. Feel and act wealthy now, and always be grateful.

  • What would you have done differently and what would you do differently in the future?

slightly more patient after locking in profits.

  1. Pairs to watch next week

CAD/CHF GBP/AUD

Read more: 301 Moved Permanently

Entry Date: 11/11/2013________ Pair:USD/CHF_______
Exit Date: 11/12/2013______

  1. Which Main Time Frame Are you using? (Circle) Daily / 1H

  2. Are you trading because of the following? :

  • Trading Purely on other people’s advice N
  • Trading what is not in the system N
  • To revenge the market for what you have lost N
  • Did my own Analysis Y
  • Less than 6 trade per week Y
  • Do you completely accept this risk/stop loss? Y
  1. Describe the setup.

127 618 bounce

  1. What are the PA Confirmation Signals?

daily pin & 1H double TOP, and consolidation

  1. Adding to Winning Positions

  2. Risk / Stop / Exit

  • Standard Stop Loss 40 pips ± 10 S/L:40______
  • Risk % of your Account: 2_____
  • Trailing Stop: _____________________
  • Other: _____________________
  1. Record your thoughts.

Did not see another pattern forming to the downside… which rallied the price.

  1. Result of the trade: Loss of ________ Dollars 15____ pips or % gain

Read more: 301 Moved Permanently

Entry Date: 11/11/2013________ Pair:USD/CAD_________
Exit Date: 11/13/2013____

  1. Which Main Time Frame Are you using? (Circle) Daily

  2. Are you trading because of the following? :

  • Trading Purely on other people’s advice N
  • Trading what is not in the system N
  • To revenge the market for what you have lost N
  • Did my own Analysis Y
  • Less than 6 trade per week Y
  • Do you completely accept this risk/stop loss? Y
  1. Describe the setup.

Daily 1;1 downtred, 135 pattern, rsi

  1. What are the PA Confirmation Signals?

slightly higher than previous bar

  1. Adding to Winning Positions

  2. Risk / Stop / Exit

  • Standard Stop Loss 40 pips ± 10 S/L:40______
  • Risk % of your Account: 2_______
  • Trailing Stop: _____________________
  • Other: _____________________
  1. Record your thoughts.

Started moving stops closer when its going my way before it quickly reversed and hit my stops… very tough pair ranging market. Unable to catch the trend.

  1. Result of the trade: Loss of ________ Dollars 30____ pips or % gain

Read more: 301 Moved Permanently

Entry Date: 11/11/2013____ Pair:CAD/CHF_______
Exit Date: ______________

  1. Which Main Time Frame Are you using? (Circle) 4H / Daily

  2. Are you trading because of the following? :

  • Trading Purely on other people’s advice N
  • Trading what is not in the system N
  • To revenge the market for what you have lost N
  • Did my own Analysis Y
  • Less than 6 trade per week Y
  • Do you completely accept this risk/stop loss? Y
  1. Describe the setup.

1;1 618

  1. What are the PA Confirmation Signals?

Possible double top, rounding top pa at 618

  1. Adding to Winning Positions

  2. Risk / Stop / Exit

  • Standard Stop Loss 40 pips ± 10 S/L:20pips________
  • Risk % of your Account: _________________
  • Trailing Stop: _____________________
  • Other: _____________________
  1. Record your thoughts.

Exit on strong bullish bar @ 382. not a strong new trend.

  1. Result of the trade: Gain ________ Dollars 25__ pips or % gain

Read more: 301 Moved Permanently

Entry Date: 11/12/2013____ Pair:EUR/NZD______
Exit Date: 11/12/2013______

  1. Which Main Time Frame Are you using? (Circle) 4H / Daily / 1H

  2. Are you trading because of the following? :

  • Trading Purely on other people’s advice Y / N
  • Trading what is not in the system Y / N
  • To revenge the market for what you have lost Y / N
  • Did my own Analysis Y / N
  • Less than 6 trade per week Y / N
  • Do you completely accept this risk/stop loss? Y / N
  1. Describe the setup.

r1, 50 , 1;1

  1. What are the PA Confirmation Signals?

double top

  1. Adding to Winning Positions

  2. Risk / Stop / Exit

  • Standard Stop Loss 40 pips ± 10 S/L:45pips______
  • Risk % of your Account: _________________
  • Trailing Stop: _____________________
  • Other: _____________________
  1. Record your thoughts.

got in too early… should have waited for PA to develop or set a wider stop.

  1. Result of the trade: Loss of ________ Dollars 45__ pips or % gain

Read more: 301 Moved Permanently

Entry Date: 11/12/2013____ Pair:GBP/AUD_______
Exit Date: 11/12/2013____

  1. Which Main Time Frame Are you using? (Circle) 4H / Daily

  2. Are you trading because of the following? :

  • Trading Purely on other people’s advice N
  • Trading what is not in the system N
  • To revenge the market for what you have lost n
  • Did my own Analysis Y
  • Less than 6 trade per week Y
  • Do you completely accept this risk/stop loss? Y
  1. Describe the setup.

Daily 1;1 618

  1. What are the PA Confirmation Signals?

trendline broken strong immediate pa reaction

  1. Adding to Winning Positions

  2. Risk / Stop / Exit

  • Standard Stop Loss 40 pips ± 10 S/L:30___
  • Risk % of your Account: _________________
  • Trailing Stop: _____________________
  • Other: _____________________
  1. Record your thoughts.

strong GBP data pushes price up way high.

  1. Result of the trade: Loss of ________ Dollars 25____ pips or % gain

Read more: 301 Moved Permanently

Entry Date: 11/13/2013____ Pair:EUR/AUD_________
Exit Date: 11/14/2013____

  1. Which Main Time Frame Are you using? (Circle) 4H / Daily

  2. Are you trading because of the following? :

  • Trading Purely on other people’s advice N
  • Trading what is not in the system N
  • To revenge the market for what you have lost N
  • Did my own Analysis Y
  • Less than 6 trade per week Y
  • Do you completely accept this risk/stop loss? Y
  1. Describe the setup.

1;1

  1. What are the PA Confirmation Signals?

double top + trendline breka

  1. Adding to Winning Positions

  2. Risk / Stop / Exit

  • Standard Stop Loss 40 pips ± 10 S/L:45________
  • Risk % of your Account: 3___
  • Trailing Stop: _____________________
  • Other: _____________________
  1. Record your thoughts.

Got in at the short term bottom because of fear of missing out & resulting in stop loss being too tight, ranging marketing this stop loss.

  1. Result of the trade: Loss of ________ Dollars 45__ pips or % gain

Read more: 301 Moved Permanently

Weekly Review sheet

Week of : 11/10/2013-11/15/2013_______

  1. Total number of Trades:

  2. Net Gain/Loss: -185

  3. Floating P/L: None

  4. Evaluation for each pair/trades:

Ranging market or not a strong trend on most of the pairs I traded, over analysis on some pairs, under-analysis on some pairs.

Lacked patience. OVERTRADED. Sometimes let other peoples advice control my money.

Set and forget on best setups set and forget

ONLY TRADE THE BEST SETUPS. ONLY TRADE WHAT YOU HAVE PLANNED PRIOR. Do not get in just because you have an signal alert email identifying the pattern. Do not let other people control your money.

  1. Personal Evaluation
  • What did you do well this week that you should keep up?

I don’t know if there is one,
Keep journaling,

  • What were you emotions like?

Pretty unhappy, unable to control the fear of loss

  • What would you have done differently and what would you do differently in the future?

Need to have more patience. Set and forget. Calculate the stop loss on absolutely non-pass resistance/support level and calculate risk. Only trade what you have planned prior, only trade the best setups.
Set possible target profit objective 1, 2, 3. Use trailing/break even in case the ranging market.

  1. Pairs to watch next week

Account size Before: __________ Account Size After: ______________

Read more: 301 Moved Permanently