My Journal - Pathways to Improvement

[sun11]

I got 38 pips today under 27 trades. But actually its less than 24 trades. Cause extra trades are for loss locking method...



I martingale just one time today..draw down 6.61%
Have to admit if someone trades properly with GJ,GA kind of pairs, then they can produce 70-90 pips per day..
Largest loss today was 6.9 pips.

 

[sun11]

Morning All,

I think now I trade with a hybrid strategy & its fun. I am using clear charts & basic price action along with relative strength & something discretionary with 1 min chart.



GBPNZD

 

[sun11]

20 pips today..let see tomorrow...GBPNZD spread is too high.

 

[sun11]

Morning all,

Selling GJ from 158.48, targeting 158.05. Lets see.

 

[sun11]

Morning all,

Selling GJ from 158.48, targeting 158.05. Lets see.

Trailed position at 158.42

 

[sun11]

Trailed position at 158.42

Trail sl hit & now buying 158.48

 

[sun11]

Trail sl hit & now buying 158.48

position trailed at 158.60.

 

[sun11]

position trailed at 158.60.

Position closed at 21 pips profit 158.72

 

[NickBk]

Position closed at 21 pips profit 158.72

Hi Sun,

Great to see some consistent results.
What would you say you have changed to achieve this?

Well done

 

[sun11]

Hi Sun,

Great to see some consistent results.
What would you say you have changed to achieve this?

Well done

Hello Nick,

Thank you. But No I am not changed yet. I still do some martingale to keep my daily account balance positive everyday. I currently walking in path of other side of the river. I need to get back to the right side by avoiding this double lots.

But even with martingale I need to earn big to recover all of my losses. For example today I earned 44 pips straight with GA which saved my day.


This trade took 1 hour to reach to my target during 11:00 UK time. Which is actually a slow time.

So only good change in here is large pip trades. This saves all the time even if I don't do any martingale. I think right allocation of S/R levels does the job i.e when to hold & when not to hold or push further.

Still all GBP based pairs are the most profitable on my portfolio...

GBP & JPY this two currencies is very interesting...

I will be off for 3 days in next week...
See you after the break...

Have a nice weekend...

Regards
Sun.

 

[sun11]

Also currently I am 1000% sure that with such short scalp of 5-7 pips is not going make me successful in long run....NEVER & EVER...

 

[sun11]

Is my stuffs are too bad?



Live example. I exited this trade early because trail sl hit. But It moved 25+ pips.

 

[sun11]

Now with more better view...Another buy trade trail sl hit.

 

[counter_violent]

Hi Sun,

Great to see some consistent results.
What would you say you have changed to achieve this?

Well done

Stopped listening to F and co is my guess

 

[sun11]

Stopped listening to F and co is my guess

Hi CV,

I have a huge question bank & I do play devil's advocate sometimes for good reason. But one thing I can say, he is still answering to my questions kindly & providing time. So I am thankful for it. I can not disrespect his concept neither him as a person.

My method can be different, but the concept is same. His advice for trading cross pairs & avoid major pairs is proven correct most of the time. Also trading dynamic is useful. There are so many things, still learning..You can not fully ban a concept isn't it?

Regards

 

[NVP]

Stopped listening to F and co is my guess

With most of then banned she had no choice did she

 

[NVP]

Hi CV,

I have a huge question bank & I do play devil's advocate sometimes for good reason. But one thing I can say, he is still answering to my questions kindly & providing time. So I am thankful for it. I can not disrespect his concept neither him as a person.

My method can be different, but the concept is same. His advice for trading cross pairs & avoid major pairs is proven correct most of the time. Also trading dynamic is useful. There are so many things, still learning..You can not fully ban a concept isn't it?

Regards

Well said sun.....and good to see you are evolving your own system.....take the best bits from others and walk your own path

Now your journey is truly beginning

N:smart:

 

[sun11]

Well said sun.....and good to see you are evolving your own system.....take the best bits from others and walk your own path

Now your journey is truly beginning

N:smart:

Thank you NVP...

 

[sun11]

EJ one directional move before news release 17 pips up.

 

[sun11]

next trades