Tom_Hoang's Trading Journal

UPDATE: GBP/AUD 1/10/2018

UPDATE: 01/14/2018

  • FIB 50 is strong support for now.
  • My strategy to let’s profit run by move stop loss to break even does not work this time but it is still a good strategy and should be use every time to maximize profit.
  • I also divided my trade to 2 so that i can close one trade when there is profit.

ONE WEEK OF TRADING JOURNAL PUBLIC

It was more than one week when I decided to go to public my trading journal.

I felt that it was very difficult to keep track of the posts for one plan because of some restrictions when I write some new post to update.

I usually record the plan only by the charts and keep tracking orders by using excel.

How ever, I become more careful, work hard to analyze market and it is a good thing in Forex Market because every thing can happen!

I decide only to post the Daily Chart Analyze/Plan by Chart for now even though most of my profit is from H4, H1 Chart by using My Trading Signal. And I will try to figure out the way for smooth transfer from private journal to public journal.

In conclusion, it is more fun to go online and know that some one read my trading journal. It help me to become a discipline trader to achieve my goal.

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1-12/1/2018 Result:

Lesson:

  • I should let’s profit run on USD/JPY as a plan.
  • I should divide a trade to many trades for easy trade management.
  • when market conditions are changed, I should act more quickly.
  • I must control my emotion, psychology better when I go to public my journal. My emotion had influent some of my trading decision which is not good.
  • Make a good plan by following my Plan’s Protocol and Follow the Plan, Adjust when Market’s condition changes based on reasons not on emotion, feeling.
  • Accept the risk as a business.

15-19/1/2018 Analyze/Plan:

  • I will divide the trade’s size to two and use buy limit for better entry price.

UPDATE EUR/AUD DAILY: 01/17/2018

BUY : 0.02 @1.54066, 0.04 @1.53973, 0.05 @1.53904 FOR TESTING
0.1 @1.53321, 0.2 @1.53054 BY LIMIT ORDER

EUR/AUD UPDATE: 01/18/2018

  • It is traded around 1.5300 price’s level.
  • price is close to trendline 1.
  • price is below moving average 13, 5.
  • moving average is flat right now.

Conclusion:

  • Buyers = Sellers.
  • Price is traded in the range: 1.5400 - 1.5200 with pivot level 1.5300
  • if price breaks below 1.5200, I will consider close this plan with loss.

EUR/AUD UPDATE: 01/22/2018

  • I switch from Daily chart to H4 chart to trade the range.

22-26/01/2018 analyze:

EUR/AUD H4 UPDATE: 01/24/18

AUD/JPY DAILY UPDATE: 01/24/18

  • SELL 0.05K @ 88.226 FOR TESTING THE PLAN

01/22-26 PLAN: NZD/JPY DAILY SELL

NZD CPI IS BEARISH.

01/25/2018
EUR/AUD H4 BUY UPDATE:

AUD/JPY DAILY SELL UPDATE:

  • FOLLOW THE PLAN
  • ADD 0.1 @ 88.072

NZD/JPY DAILY SELL UPDATE

  • FOLLOW THE PLAN
  • ADD 0.1 @ 80.210

UPDATE 01/26/2018:

EUR/AUD H4:

  • market sentiment is changing, CLOSE THIS PLAN BUY IDEA.
  • THE RANGE 1.5300 - 1.5400 MAY STILL VALID

AUD/JPY DAILY:

  • system alert buyer gains strength at 88.00 level = FIB 23.6
  • CLOSE THIS PLAN WITH SOME PROFIT.

NZD/JPY DAILY:

  • THE LOW OF TODAY CANDLE IS 79.587 WHICH IS 9 PIPS AWAY FROM TARGET 1.
  • I DECIDE TO CLOSE ALL TRADES FOR PROFIT BEACAUSE JPY FUNDAMENTAL ANALYIS IS NOT REALLY BULLISH.
  • KEEP WATCHING THIS PLAN.

HELLO BABYPIPS COMMUNITY!

Someone needs an advice from me!

It has been a month since I public my trading journal. And I always feels exciting about it. There is always time delay when I execute my plan until I update it to my journal.

I try my best to keep my Journal clean, organize, so all Traders can understand my strategy/plan. And perhaps, MAKE MONEY FROM IT.

Unfortunately, I can not public my proven trading system for profit because of intellectual property of developer.

However, If you try to become a Profit Trader by learn to trade by yourself but Forex Trading is not for every one not because you are not smart enough. Only 5% Traders can make stable profit.(Google it…)

It is like a gift. Some traders can make stable profit after a few years of learning, practicing, trading with loss.

I am a Profit, Professional, Discipline Trader since 2014. And I know that it is tough, difficult, not like easy, quickly rich tale.

The key is that you have to follow the trend based one science and later the art, not like forecast the trend.

If you give it a try to become a Forex Trader, and it does not work out. Move on, Hire some one to trade for you, Or Subscribe to Good Signal with small fees.

After all, you do not need to become a good Trader, find one, and follow him!

My 2 cents.

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01/2018 SUMMARY:
Here is the summary of my first month to public trading online.

ACCOUNT EQUITY: $6000
PROFIT: $442.49 = 7.37%
PROFIT GOAL: 8% NOT BAD.
TRADES: 5 TRADE PLANS

LESSON:

  • PLAN THE TRADE AND TRADE THE PLAN.
  • CUT LOSS EARLY AND LET’S PROFIT RUN.
  • ALWAYS DO THING WITH REASONS.

02/2018 Goal:

The goal for small account in February is:

Account Equity: $5000, reset to $5000 each month.
Profit Goal: $250 = 5%
Risk: %1-%4 for each trade

BACK UP FOR JOURNAL:

I have a back up for my journal at MQL5 in case:

TRADING ACCOUNT PUBLIC PROFIT, RISK, TRADES HISTORY:
DO NOT SUBCRIBE TO MY SIGNAL BECAUSE IT IS NOT FREE ($30)

https://www.mql5.com/en/signals/388931

01/29-02/2 ANALYSIS:

EUR/JPY UPDATE: 01/31/2018

EUR/JPY: 02/06/2018 UPDATE

NZD/USD SELL PLAN: 02/06/2018