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Trade Log

Discussion in 'Personal Trade Journals' started by mastachief, Oct 20, 2010.

  1. mastachief

    mastachief Recruit

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    Hope this goes well, reversed position at resistance with macd crossed 0 line;
    I am new to trading and like the ideas of macds, but implementing them on trades is still very difficult for me.

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    Edit: sorry, file didn't upload the first time:
     

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    #1 mastachief, Oct 20, 2010
    Last edited: Oct 21, 2010
  2. mastachief

    mastachief Recruit

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    just exited this one EURJPY-- 1 trade today so far, trading off of support at the macd's turning
    Entry: 113.57
    Exit: 113:70'3
     

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  3. mastachief

    mastachief Recruit

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    2 more trades, one addon retesting resistance and 2 on the way down;

    one stopped out trade trying to break through; made nice pips today so I'm done :nerd:
     

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  4. mastachief

    mastachief Recruit

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    first trade this monday, up on the day so far
    entered breaking support with strong macds
    closed hitting support with weaking macds
     

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  5. mastachief

    mastachief Recruit

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    2nd trade and done today
     

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  6. mastachief

    mastachief Recruit

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    just finished today
    second entry was a bit late because i was distracted
    reached my first target, positive stopout on the 2nd exit
     

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  7. mastachief

    mastachief Recruit

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    first trade of the morning; had my target set further at a previous area but pulled it up at new support formed
     

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  8. mastachief

    mastachief Recruit

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    breakout below support, macd's down but this one came back on me
     

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  9. mastachief

    mastachief Recruit

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    Haven't taken any trades yet today. Instead, giving myself a 1 week critique to figure out what I have learned over the past week through trading, advice and reading generally on these forums and how I will implement it moving forward.
    My goal is to go live within 30 days if I can maintain profitability.

    1. Having read a good deal and being around trader friends, I already had the hang of key concepts like support and resistance; I chose the macd's to trade with because I like how the movements within can show directional change in price.

    2. Being new to actual trading meant learning the trading system-- NinjaTrader free, demo account for 30 days to test how I want to trade. Learning how the Chart Trader works has been a work of trial and error, but I think I have it down now.

    3. Understanding exactly HOW I want to take trades based on combining my support, resistance and macd's. Taking trades when price turns off of s/r areas and the macd's show a change-- either turning down and the bands cross, or crossing the zero line and strong in the direction while my price breaks the s/r area or turns off of it. This works well for me and is easy to see.

    4. Understanding my exits; I don't have a set stoploss or profit target; I typically just put my stoploss behind the s/r area I'm coming off of, but in effort to reduce my losses on negative trades I am trying to tighten those up and place them (when the trade is farther away from an area) behind a pivot within the area-- this reduces my stops from 20-30 to around 10-15 in some situations.

    5. Profit targets; I have been putting my profit target at the next s/r area, and that seems to work fine.
     
  10. mastachief

    mastachief Recruit

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    First trade of the morning
     

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