Crypto My Trading Journal (Forex)

[Stalingrad]

Date: 07/03/2023
Session: London
Pair: NZD/JPY(New Zealand Dollar/Japanese Yen)
What time did you wake up: 6:00 AM
Time of Trade: 6:02 PM
Setup:Regular Fibs Setup

Trade Breakdown Analysis: Trending Environment(Bullish), Market structure break Upside, 800 institutional level acting as support plus the 50 SMA acting as dynamic support too. Currency Strenght meter indicating that the NZD is more stronger than the JPY pair. There is no strong news related to the both pair.

Emotions/Mindset during session: My emotion in this trade is that I am indifferent towards the trade. I accept the fact that it can go against me even though with my trading edge.
How many pips did you catch: 15 pips



Logging

Briefly explain the scenario: Trending Environment(Bullish), Market structure break Upside, 800 institutional level acting as support plus the 50 SMA acting as dynamic support too. Currency Strenght meter indicating that the NZD is more stronger than the JPY pair. There is no strong news related to the both pair.

What did you do correct: Checking the news and currency meter strength beforehand and trading within my session. The confluence is also aligned.

What mistakes did you make: N/A,

Your emotions before the trade: My emotion in this trade is that I am indifferent towards the trade. I accept the fact that it can go against me even though with my trading edge.

What was your confidence level scale 1-10: 10

How can you improve this: Always back-test the strategy

How many pips was the entire move: 31 pips

Where did it bounce: 0.79

How many pips did I get from it: 15 pips

Win or Lesson: Win

Add a screenshot of your trade or draw the pattern on your notebook:

Before: 6:10 PM

After Hitting My 1st TP: 6:30 PM

Today: 6:00 PM (nagtuloy-tuloy yung bullishness however nastop yung mga runner ko, all goods pa din as long na nasa profit side and di talo, always remember trading is all about consistency and good risk management.)

Changes: dahil laging nagkakaroon ng pullback si NZDJPY, nilagyan ko ng 1 pip allowance yung stop loss breakeven ko sa runner.

Note: Nabusy me sa duty ko sa hospital kaya di na ko nakakapagtrade, medyo choppy din yung market environment ni NZDJPY last week kaya di rin ako nagtrade.

 

[jerdzkie]

Ts bakit mt5 Ang ginagamit mo pang demo bakit Hindi mt4? Ano pinag kaiba nun?

 

[Stalingrad]

Ts bakit mt5 Ang ginagamit mo pang demo bakit Hindi mt4? Ano pinag kaiba nun?

mas mabilis paps kesa sa mt4, mas nasanay din ako sa interface ng MT5, yung ginagamit ko din na trading tool gumagana lang sa mt5

 

[jerdzkie]

mas mabilis paps kesa sa mt4, mas nasanay din ako sa interface ng MT5, yung ginagamit ko din na trading tool gumagana lang sa mt5

Anung trading tool tan ts share nmn jan

 

[Stalingrad]

Anung trading tool tan ts share nmn jan

pang-automatic SL lang and TP paps kada click ng order, iwas pagsuway sa rules and hassle na din sa pagtype if ilang pips. Di ko pwede ishare dahil may license na hinihingi para gumana

 

[anony9mous]

salamat lodi

 

[SweetSpot]

pang-automatic SL lang and TP paps kada click ng order, iwas pagsuway sa rules and hassle na din sa pagtype if ilang pips. Di ko pwede ishare dahil may license na hinihingi para gumana

TS, tanung ko lang, anung execution method ginagamit mo pg nag eexecute k ng trade?

 

[Stalingrad]

TS, tanung ko lang, anung execution method ginagamit mo pg nag eexecute k ng trade?

Pag-tumama na yung price sa .62 fibs level mag oorder ako don as first position, then another position kapag tumama yung price sa .705 and .79. Iniistack ko yung 3 position para mas ma maximize yung panalo and kahit mastop man yung first position ko na .62, meron pa din akong dalawang position na matitira na may chance pa mag-tp hit ung .705 and 79, sa ganong paraan macocover ko yung talo nung first position. Gumagamit din ako ng limit order kung sakaling may naanticipate ako na setup, pero kapag ginagamit ko yon di ko sinusunod yung .62, mag limit order ako kung san may high probability or more confluence na area between .62, .705 and .79.

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Note: Sa mga nagdaan na araw na di ako nagpost dito and nakapagjournal, may natutunan ako na bago, mas natutunan ko ma-gauge yung direction ng market using 4 hour timeframe which is pretty crucial as a day trader. Dati tinititigan ko lang yon but now i'll try to also explain it sa mga susunod na journaling ko. I am currently using free trial ng FTMO prop firm as demo today lang din ako nagsimula, may kasama kasi siyang analysis and trading journal.

Date: 07/19/2023
Session: London
Pair: NZD/JPY(New Zealand Dollar/Japanese Yen)
What time did you wake up: 7:00 AM
Time of Trade: 7:44 PM

Setup: Regular Fibs Setup

Trade Breakdown Analysis: Trending Environment (Bearish). Market in daily timeframe is currently bearish. Price cannot pass through to the 87.446 (4 hour support & resistance level). Indicating that the next zone target is the next 4 hour support & resistance level in the downside which is the 86.926 price. There is 50 SMA confluence at the 1 hour timeframe acting as the dynamic support. And last but not the least, the 200 MA also is acting as support.

What did you do correct: Checking the news and currency meter strength beforehand and having the patience to my entry in my ideal zone.

What mistakes did you make: jumping in the gun within my 2nd position.

Your emotions before the trade: My emotion is slightly neutral. I still feel the tinge of pain when the price is going against me.

What was your confidence level scale 1-10: 10

How can you improve this: Maintain all of what I have learned.

How many pips was the entire move: 71 pips

Where did it bounce: .62 Fibs level

How many pips did I get from it: 15

Win or Lesson: Win, 2nd and 3rd runner closed in breakeven.

Add a screenshot of your trade or draw the pattern on your notebook:

 

[SweetSpot]

Juicy, nice, nag start na din ako mag trade this week, currently paper trading palang gingwa ko para mas ma familiarize ako sa pag trade bago sumabak sa live trading.

 

[Stalingrad]

Juicy, nice, nag start na din ako mag trade this week, currently paper trading palang gingwa ko para mas ma familiarize ako sa pag trade bago sumabak sa live trading.

gluck paps, sana makatulong mga updates ko

 

[SweetSpot]

gluck paps, sana makatulong mga updates ko

nagkaroon ako ng idea sa pg journal, tsaka sa fib retracement din, currently kasi breakouts lng tinitrade ko un muna ang balak kong e master na setup/strategy mas maganda kasi na meron ng solid foundation bago lumipat sa ibang setup/strategy hahaha

 

[SweetSpot]

ts, tanung ko lang, anu ang madalas na timeframe ang nitratrade mo, at ilng pips ang considered mo as worth it na trade, currently kasi sakin is usally 5M at 20 Pips na move ang nicoconsider ko, napansin ko kasi from the past trades ko hndi na naabot yng nka set na TP ko dahil msyadong malayo dun sa pivot points kaya ko ni adjust muna sa 20 Pips, dati is umaabot ng 30-40 Pips na movement nitratrade ko.

 

[Stalingrad]

ts, tanung ko lang, anu ang madalas na timeframe ang nitratrade mo, at ilng pips ang considered mo as worth it na trade, currently kasi sakin is usally 5M at 20 Pips na move ang nicoconsider ko, napansin ko kasi from the past trades ko hndi na naabot yng nka set na TP ko dahil msyadong malayo dun sa pivot points kaya ko ni adjust muna sa 20 Pips, dati is umaabot ng 30-40 Pips na movement nitratrade ko.

4 hours timeframe = analysis para magauge yung direction, 1 hour & 30 mins timerame = confluence for my entry sa 15 mins timeframe. Sa 15 mins ako nagentry paps mabilis sakin yung 5 minutes, mas comfortable din ako sa timeframe na yon and mas tight yung stop loss and take profit ko which is 14 pips kada trade. Yung 14 pips na yon yung nakakatulong sakin para maging profitable and maiwasan yung loss streak.

 

[SweetSpot]

4 hours timeframe = analysis para magauge yung direction, 1 hour & 30 mins timerame = confluence for my entry sa 15 mins timeframe. Sa 15 mins ako nagentry paps mabilis sakin yung 5 minutes, mas comfortable din ako sa timeframe na yon and mas tight yung stop loss and take profit ko which is 14 pips kada trade. Yung 14 pips na yon yung nakakatulong sakin para maging profitable and maiwasan yung loss streak.

ilang % yng cutloss mo nun kada trade? sa 4hrs timeframe, panu po yng monitoring nyo nun? para kasi sakin is msyadong matagal na yng 4hrs timeframe

4 hours timeframe = analysis para magauge yung direction, 1 hour & 30 mins timerame = confluence for my entry sa 15 mins timeframe. Sa 15 mins ako nagentry paps mabilis sakin yung 5 minutes, mas comfortable din ako sa timeframe na yon and mas tight yung stop loss and take profit ko which is 14 pips kada trade. Yung 14 pips na yon yung nakakatulong sakin para maging profitable and maiwasan yung loss streak.

maraming salamat pla sa idea na to, ttry ko nalang din to, itatry ko din yng timeframe nato if magiging effective strategy ko

 

[Stalingrad]

ilang % yng cutloss mo nun kada trade? sa 4hrs timeframe, panu po yng monitoring nyo nun? para kasi sakin is msyadong matagal na yng 4hrs timeframe


maraming salamat pla sa idea na to, ttry ko nalang din to, itatry ko din yng timeframe nato if magiging effective strategy ko

1:1 ratio yung risk to reward ko, so 14 pips din. Yung way ko naman sa pagmonitor ng chart sa 4H is gamit yung support and resistance line pati yung fibs retracement. tinitignan ko kung san nagkakaroon ng rejection ng price sa ganon malalaman ko kung magbubuy ako o sell.

 

[SweetSpot]

1:1 ratio yung risk to reward ko, so 14 pips din. Yung way ko naman sa pagmonitor ng chart sa 4H is gamit yung support and resistance line pati yung fibs retracement. tinitignan ko kung san nagkakaroon ng rejection ng price sa ganon malalaman ko kung magbubuy ako o sell.

salamat sa tips, yong sakin naman is 1:2 RR gamit ko, sa pag monitor ko nmn or paghanap ng setups una kng tinitignan is yng 5M tapos tinitignan ko if meron confluence sa 15M, 30M, 1H, 4H para naman sa pag entry, tinitignan ko yong 3M Chart para mas ma pinpoint ko kng san ako papasok, since breakout ang setup ko usually na hinahanap ko bago ako pumasok is triangle patterns or darvas box pati na dn MA, currently madami pa akong timeframe na tinitignan hinahanap ko pa kasi kung san ako mas magiging comportable.

 

[Stalingrad]

salamat sa tips, yong sakin naman is 1:2 RR gamit ko, sa pag monitor ko nmn or paghanap ng setups una kng tinitignan is yng 5M tapos tinitignan ko if meron confluence sa 15M, 30M, 1H, 4H para naman sa pag entry, tinitignan ko yong 3M Chart para mas ma pinpoint ko kng san ako papasok, since breakout ang setup ko usually na hinahanap ko bago ako pumasok is triangle patterns or darvas box pati na dn MA, currently madami pa akong timeframe na tinitignan hinahanap ko pa kasi kung san ako mas magiging comportable.

nays, tuloy tuloy lang paps hanggang sa makadiscover ka ng efficient and consistent trading system.

 

[solaiman]

thank sa pag share lods, follow na rin pala kta ts.

 

[SweetSpot]

UP

 

[Stalingrad]

dami ko ng backlog hahahaha, still writing my trading journal but in my notebook instead.
I will share my past trade here.

7/27/23


Session: Asian

Pair: NZDJPY

Wake up Time: 4:10 AM

Time of Trade: 8:48 AM

Setup: First Bounce, EMA cross

Trade Breakdown Analysis (Timeframe):

Daily: Environment is ranging, when you draw fib downside, there is a possibility that the price will be rejected at 0.236 fibs level and will act as support. The current price objective is to reach the 500 institutional level, confluence to 14 EMA.

4H (4 hour): Price is currently rejecting the 500 institutional level confluence with the current trend (bearish) and the support and resistance level (87.426). The 14 EMA is also acting as a dynamic support.

1H (1 hour): Trend is bearish. 50 SMA and 200 MA crossed out. The setup in 1H is first bounce setup.

30M (30 minutes): Bearish environment. Confluence within the 200 MA and institutional level. Possible objective is the 200 institutional level. Expecting some resistance within the 14 EMA.

15M (15 minutes): drawing the fibs at the structure break, after the moving averages crossed out. There is confluence to the .79 level which is the 200 MA acting as support. Expecting some resistance in the 14 EMA and 0.382 level:

Correct: My trading session which is Asian, my confluences, and my entry point. My analysis is also on point.

Mistake: Unloading my positions to quickly or jumping in the gun.

Confidence level: 9/10

How can you improve this: MEDITATION!!

Profit or Losing Day: Profit, 10 pips

Where do you think you’re good at?: My top to bottom analysis is on point. I also did not second guessed myself during this trade. Maintaining neutrality and objectivity all throughout.