Sweet Pip's Journal

Trading Discussion Trade Journals
1

Checklist:
[ul]
[li]Strength Chart=Pairs to trade with 7 & 6 vs 0 & 1
[/li][li]Direction of pair
[/li][li]Cycle of oscillators (oversold/overbought)
[/li][li]VSA background (loosely)
[/li][li]S&R areas - will it break or bounce?
[/li][li]News timing
[/li][li]Spread
[/li][/ul]

8pm (PST) strength chart shows :

which means I’ll be watching for:
longs on EURJPY, EURCHF, NZDJPY & NZDCHF
Stop loss emergency 50 pips, profit target 10-20 pips.

Trades Jan 1 - 11:

Trades: 15
Wins: 12
Losses: 3
Win Rate: 80%
Pip gain: +99
Avg win: +9.5 pips
Avg loss: -5 pips
Actual R:R: 1:2

Portfolio System | Myfxbook
Here’s my strength table indicator: http://forums.babypips.com/attachment.php?attachmentid=39447&d=1358821765
(it has a glitch when first attached to the chart that it won’t display, so you have to go in as if to edit it, but then exit and it will display.)

2

Nice to see the Canadian back at it! Are you going to post setups as you take them or are you going to go with a retrospective method here?

3

Good question and one I was still figuring out. Of course as it happens, I took a trade (long NZDJPY) while typing up my first post. At first I thought maybe restrospective but then the trade closed (in profit ;)) and I realized when I went to do a screen capture, that in order to “trade what I see”, I need to post charts when I take the trades so to capture “what I saw” for future reference, which is the sole purpose of this journal…any other info/stats I can get from my trade history. I will do that next trade :slight_smile:

4

In retrospect…Long NZDJPY +12 (5 min chart)

nzdjpy20120116.jpg700×287 27.4 KB

5

Tagging to follow

6

8:00 am (PST) - US Session
Long EURCHF (5 min chart)
Strength Chart=7 & 1
Direction of pair - UP
Cycle of oscillators - oversold
VSA background (loosely) - volume lower than prior support bounces
S&R areas - retest resistance? (Lime line)
News timing - nothing coming out for awhile
Spread - low
Other - Bullish engulfing candlestick with higher volume- entered upon close
- Daily & Weekly ranges exceeded - caution on breakout longs

eurchf20120117.jpg700×287 27.3 KB

Closed +12

eurchf20120117a.jpg700×287 28.5 KB

7

With my 2nd trade for this journal, I didn’t have enough time to post the trade before I had to get ready & leave for work. However, I did take a screen shot so I could post it later. Therefore, it will be a mix of posting as the setups occur, or in retrospect, depending on my time…the key point is to take a screen shot at the time of the setup so [B]I[/B] can analyze it later. I could put it in a word document I suppose, but where’s the fun in that…lol :wink:

8

10:45 pm (PST) - Late Asian session
Long EURJPY (5 min chart)
Strength Chart=7 & 0
Direction of pair - UP
Cycle of oscillators - leaving oversold
VSA background (loosely) -
S&R areas - retest resistance? (Lime line)
News timing - nothing coming out for awhile
Spread - low
Other -

eurjpy20120117.jpg700×287 31.2 KB

Closed +12

eurjpy20120117a.jpg700×287 29.7 KB

Done trading for the week…I have to manually re-do my to-date stats because sometimes trades are closed in parts, and it skews the results.

This weeks trade results:
Trades: 7
Wins: 7
Losses: 0
Pips: +80

Y-T-D
Trades: 22
Wins: 19
Losses: 3
Win Rate: 86%
Pip gain: +179
Avg win: 10
Avg loss: 5
Actual R:R: 1:0?

9

This is my strength table tonight:

Pairs to watch are:
Long: EURJPY, AUDJPY, & EURGBP
Short: GBPAUD

10

Nice trading sweet pip. Is this a live account or demo? Ill be fallowing:) good luck.

11

Hi pipmart,
This is demo while I test this out and if all goes well, will be live in a month or 2 :slight_smile:

12

I already have all the trades open you have planned.

Several very different methods coming to the same result, hopefully they will all be right

14

Hi SP, nice strategy. Will be monitoring the posts.

where can we get the strength table please
and what are the oscillators that you use etc

Thanks

DD

15

10:00pm (PST) - Asian Session
Long EURGBP (5 min chart)
Strength Chart=7 & 1
Direction of pair - UP
Cycle of oscillators - oversold
VSA background (loosely) - low - caution for support bounce
S&R areas - retest resistance? (Lime line)
News timing - high impact news in 3 hours
Spread - low
Other -

eurgbp20120120.jpg700×293 31.3 KB

closed +12

eurgbp20120120a.jpg700×293 30.1 KB

16

Hi DD…thanks :slight_smile:

I will upload my strength table later on. The 2 oscillators are the Demarker one found in MT4 - 1 set at 5, the other 12.

17

Hey Sweet Pip,

Good to see your journal here…I will follow along on your journey…

Good-luck hon.

18

Strength table (since 12:00pm today):

Pairs to watch are:
Longs: EURJPY, NZDJPY, EURGBP
Shorts: GBPNZD

Here’s my Strength_Table indicator
Strength_Table.zip (5.21 KB)
There is a display glitch with this version…it opens it’s own subwindow but it might not show up right away. Sometimes I have to go into the indicators window and edit it, but without actually changing anything. Then when I close the indicators window, the table suddenly displays and all it good :slight_smile:

19

1:00 pm (PST) - Mid US session
Long NZDJPY (5 min chart)
Strength Chart=6 & 0
Direction of pair - UP
Cycle of oscillators - leaving oversold
VSA background (loosely) - higher volume on bear elephant bar, no carry through on effort.
S&R areas - retest resistance? (red line)
News timing - nothing coming out for awhile
Spread - med-high
Other -

nzdjpy20120121.jpg700×293 30.4 KB

Closed +11

nzdjpy20120121a.jpg700×293 32.1 KB

20

No news coming out for awhile!???

Lol BOJ is releasing their rate statement you crazy Canuck!

21

At the time of the trade it was 6 hours before that …that’s what I consider “awhile” for this method…see where it says 1pm PST at the top of the list :stuck_out_tongue: