Perstomans T. Journals
Page 1 of 505 123 ... LastLast
Results 1 to 10 of 41

Thread: Perstomans T. Journals

  1. #1
    For the past couple years, I've lost so much in FX market. (Not only money, but also Time)
    But in the exact same time, I learned a lot in my past mistakes.

    The reason for me to write this trading journal is to keep the listing of trades and also be able to find out what I have done wrong and right.
    I truly hope I can regularly update this journal and end up as a successful trader.

    From today (July 17th, 2010), I will post trade updates with how my account is growing.
    I've opened a new account with $2k, and I am down 10-15% thus far.
    My initial goal is to double this account without risking too much.

    My trading style is utilizing S/R and trendline workouts.
    My winning rate with BO trading is comparatively large 70% or higher.
    Plus, I will not trade long term trades, unless I am currently in a winning transaction.
    This also means, I will not add to losing trades.

  2. #2
    1. When entering a transaction, enter 3 lots
    2. SL has to be set to preceding high/low
    3. When in profit by 10-20pips, close 1 lot
    4. When I believe price is moving in my favor, place SL to BE
    5. Close 1 lot in initial target stage
    6. Allow the 1 lot run until 2*tp

    *I'm inputting transactions based on my 15chart signals/breakouts

  3. #3
    Quote Originally Posted by ; struck -19pips on 2 lots so 38pips in reduction
    Reentered brief and yet another 20ish pips loss on 2lots...

    But I was able to ch lt break on G/U to get 10~15pips on 5lots.
    I got out too early and I have to admit that getting out was a lousy decision!!!
    It's fallen 20 more pips from the level where I chickened out.

    Well, might have been another story, if only price had bounced right back up.

  4. #4
    I've said about the way I reentered brief position on U/chf...
    What the hell was I thinking??????
    This pair has obviously broken resistance degree and it had been just retesting that it...
    I have to have reversed my position, instead of trying to pick a top.
    Well. . .the very good part is that I had a somewhat tight quit. . .thank god

  5. #5
    Well last idea for the day!

    *Getting a successful trader is not about how many times you'll be able to trade daily or just how much money you can make daily. . .it is all about controlling the Amount of trades and Just enter high probability trades...

    well it sounded much better in my mind, but I forgot the exact was something like that;;lol

  6. #6
    Suddenly trading feels really hard...
    Early this week, I had been doing a fantastic job, making profitable trades. However, beginning on Wednesday and till today (Friday morning), I'm basically freaking myself out.
    Each time that I examine and place a trade order, price only turns out and go another way...

    After giving some ideas on why I'm making bad trades, I came to two possible conclusions.

    1. I'm ignoring the major trend.

    2. I am not giving enough time for trades to work out and also I am not really seeing what's on the monitor.

    *I'm still quite confused, and for this reason, I am going to place my trend plans here before entering trades

  7. #7
    Two charts:
    First chart is using wave counts.
    I'm still very new with tide counts, but when my counts are correct up to (4), then I see another upthrust to blue coloured area and a drop.

    Second chart is using S/R.
    IMHO, U/C doesn't actually have much more room to go further up.
    It has attained Weekly R1 level, which is a really important resistance level.
    As previously noticed, this level revealed lots of confluence.
    But, since NY revealed much of advertising pressure, I anticipate Asia EU will open very week on Monday. This will bring about additional weakness among commodity currencies.
    In the event of additional sell-off on monday, I anticipate U/C to further go up reaching as large as 1.061ish level. This level is also where down-sloping trendline exists.

    *Also, considering Canadian market with the rest, I think that CAD should have seen parity level with USD long time ago.

  8. #8
    Looks interesting.
    Definitely a Fantastic spot to long.

  9. #9
    Similar thought with my analysis on USD/CHF.
    This pair is testing the long term downtrend fashion line atm.
    I did enter a brief position , but I got stopped out as it flied up.
    However, this pair could not complete the day over the trend line.
    So, I still believe it'll invisibly from here until another upmove begins.
    Also, there is bearish divergence forming 4h chart!

  10. #10
    This transaction did reach my initial target, but it bounced back up
    Nevertheless in the trade. .

    Quote Originally Posted by ;
    Much like my analysis about USD/CHF.
    This pair is testing the long term downtrend fashion line atm.
    I'd enter a short position yesterday, but I have stopped out as it flied up.
    But, this pair could not complete the day above the trend line.
    So, I still believe it'll invisibly from here until the following upmove begins.
    Also, there is bearish divergence forming on 4h chart!

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
This website uses cookies
We use cookies to store session information to facilitate remembering your login information, to allow you to save website preferences, to personalise content and ads, to provide social media features and to analyse our traffic. We also share information about your use of our site with our social media, advertising and analytics partners more information