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  1. #1
    Rookie Member EddieGrant's Avatar

    Eddie Grants Daily Trading Diary !!!

    Hi Traders,

    I've finally gotten around to starting my diary

    I'm in the skype group which I love, and I'm trying to be as active as my time will allow. I have a busier work period between the 9th and 20th of every month and being +7 GMT I'm missing out on a few afternoon sessions with the group in that time.

    I want to start keeping a diary to learn from my mistakes.

    The pairs I'm focusing on are AUD/USD, AUD/JPY, USD/JPY and EUR/USD as these are the only ones open with my broker in my mornings.

    Then I add USD/CAD in the afternoon because of the interesting patterns at the moment.

    My strategy so far has been:

    1) Identify the major current trend.
    2) Identify major support and resistance on the Weekly/Daily and then 4 hour charts etc
    3) Adjust my trend lines as I work my way down the time charts
    4) Look for patterns as I work down the time charts.
    5) Check the news on forexfactory.

    Then I try to identify where I think a breakout will happen, and then where I think it will go to if it does break.

    For expiry times I am counting back previous candles of recent price history.

    Hopefully everything Okane has been teaching us

    My biggest downfalls are nerves and jumping the gun. I think this comes from fear that I'm going to miss the trade and I often enter too early and my lack of experience gets the better of me.


    I'll try to get this thread started later this afternoon with a few trades.

    Cheers guys and your comments are always welcome

  2. #2
    Legendry Member milos's Avatar
    Hello Eddie!

    You finally start your trading diary. I hope so so you doing well. Please share your charts and trades.

    Happy trading!

  3. #3
    Rookie Member EddieGrant's Avatar
    Thanks Milos, I'll start off with one before lunch. OTM unfortunately

    Trading 21st July


    Trade 1 - AUD/USD


    1) Price had dropped to a previous support line, retraced once and looked to be heading back up.
    2) Price was oversold on M5, M30 and H1
    3) I’d drawn a trigger line and I thought it would head back up to previous trend line when it crossed


    Expiry was was 22mins based on previous climb of 30 mins minus the 2 candles already passed.


    (+ my broker option were only 6min or 22mins and I didn’t fancy 6)

    http://prntscr.com/fycw0v

    http://prntscr.com/fycw5v


    OTM - 1 to 10 mins would have been fine. I looked in the wrong place, too far back, to calculate expiry. + The trend was a bit sideways I think



  4. #4
    Rookie Member EddieGrant's Avatar
    Here are the rest of my trades from today. I made a couple of bad calls so 2-2.

    p.s whats the best format in these threads for pics? Links with Lightshot or upload the photos?

    Trade 2 - USD/CAD

    I saw a repeating pattern on the 15 min Chart

    http://prntscr.com/fyep72

    1) Downward Trend
    2) Crossed the same line as the previous pattern
    3) Heading towards Weekly Support

    I felt safe taking a 5 min Put

    ITM
    http://prntscr.com/fyeqob
    http://prntscr.com/fyfjzk

    Trade 3 - USD/JPY

    Thought it was breaking out of the trend line, but it was bearish. I went the wrong way.

    Call 5 Mins - OTM

    http://prntscr.com/fyfgzs
    http://prntscr.com/fyfk6l

    Trade - 4 - AUD/USD

    Price had just broken back down through support. It was over bought on the 5M, 15M & 30M

    We were waiting for it to break through the support line and then through the trend line for a call, but on the 5min chart it looked like it was turning back down.


    5 Min Put Trade ITM

    http://prntscr.com/fygo0d

    http://prntscr.com/fygq48

    Last edited by EddieGrant; 07-22-2017 at 02:44 AM. Reason: Fixed links

  5. #5
    Rookie Member EddieGrant's Avatar
    Hmmm it looks like some of the links aren't linking. I'll try to fix later and try to upload photos for mondays trades

  6. #6
    Legendry Member Michael Hodges's Avatar
    Starting a diary was a good move, you will not be disappointed. I promise.

  7. Thanks EddieGrant thanked this post
  8. #7
    Solid Member arrais's Avatar
    Hi Eddie, diary is very usuable to take a look at your previous charts and try to refine them. Like this you will easy recognize patterns/setups with high trade probabilities. I advise you to practise daily without missing a day!

  9. Thanks EddieGrant thanked this post
  10. #8
    Rookie Member EddieGrant's Avatar
    Attachment 7356
    Quote Originally Posted by Michael Hodges View Post
    Starting a diary was a good move, you will not be disappointed. I promise.
    Cheers Michael

    Quote Originally Posted by arrais View Post
    Hi Eddie, diary is very usuable to take a look at your previous charts and try to refine them. Like this you will easy recognize patterns/setups with high trade probabilities. I advise you to practise daily without missing a day!
    Yeah that was one of my objectives. I wanted to be able to look back over winning & losing trades to analyze what went right or wrong.

    I wanted to ask you about your strategy in this trade we talked about in the group yesterday on the AUD/USD

    Assuming the price had continued up, were you waiting for 2 confirmations of

    1) Breaking the major S/R, and then
    2) Breaking the trend line

    And then at what point would you have taken the trade? and on what time frame do you consider the confirmation strong?

    Click image for larger version. 

Name:	Screenshot at Jul 22 09-08-14.jpg 
Views:	38 
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ID:	7357
    Last edited by EddieGrant; 07-22-2017 at 02:42 AM.

  11. #9
    Legendry Member milos's Avatar
    Nice results Eddie.

  12. Thanks EddieGrant thanked this post
  13. #10
    Solid Member arrais's Avatar
    Quote Originally Posted by EddieGrant View Post
    Attachment 7356

    Cheers Michael



    Yeah that was one of my objectives. I wanted to be able to look back over winning & losing trades to analyze what went right or wrong.

    I wanted to ask you about your strategy in this trade we talked about in the group yesterday on the AUD/USD

    Assuming the price had continued up, were you waiting for 2 confirmations of

    1) Breaking the major S/R, and then
    2) Breaking the trend line

    And then at what point would you have taken the trade? and on what time frame do you consider the confirmation strong?

    Click image for larger version. 

Name:	Screenshot at Jul 22 09-08-14.jpg 
Views:	38 
Size:	99.5 KB 
ID:	7357
    Hi Eddie,

    My below 15min chart which I post it live in the skype chatroom it didn't trigged my entry.
    https://prnt.sc/fyftlu

    As I mentioned before I wait for two entry confirmations:
    - Breaking trendline and R&S
    When price met those two requirements then my trade has high probability of a good result.

    On the above chart the trendline line was broken but price didn't go through the resistance 0.79416. That is why I didn't took a trade and in reality price bounced at this key level and it went down

    My trades are taken when price breaks trendlines and R&S on 5min chart. My most R&S lines are plotted on high timeframes like weekly, daily, 4hr and 1hr charts. My real trigger happened on 1min chart.

    I hope I clarify my trade process. If there is any confusing plse let me know
    Last edited by arrais; 07-22-2017 at 12:57 PM.

  14. Thanks EddieGrant thanked this post

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