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  1. #1
    Junior Member dommech's Avatar

    The Swedish guy's Trading Diary (New to BO but got some FX exp) !!!

    Hi all, thank you for a wonderful and honest forum!
    Been learning a lot from reading and will soon be going live!

    I got some experiance with trading FX, stocks and commodities thru technical analysis.

    My way of analysis are:
    MA's
    Trendlines
    Price
    S&R levels


    I will look for longer term trading.
    When I was trading FX we used only the Daily and Weekly charts, don't think i will take trades under 1-4h, maybe if I'm bored


    Some background:
    I'm 35 years old, live in Sweden.
    I'm here to learn BO because trading has been part of my life for a very long time now, it is a dream I've had for the past 15 years. I've been self employed for the past 13 years mostly in construction.

    3 years ago I lost everything I've built up financially on a series of bad decisions when I invested in real estate.
    I closed down all my trading accounts and invested everything in real estate, because that felt "safer".

    I had a lot of addictions to both drugs and alcohol during those periods. Somewhere in the back of my mind I knew I could not live like this if I wanted to live of trading in the future. I've read that trading is 80% psychology and was was abusing head...

    To make a long story short.

    I lost everything. Apartments, businesses and relationships.


    But


    For the past year I've been sober and drug free (thanks to Cocaine Anonymous 12 step program) and that is only because of the dream I have about the trading lifestyle and the freedom trading can give you. (With FX I traded less than 30min per day, I'm not so interested in day-trading, more long term trend trading)

    I wanna master trading and then help others do the same, I've got a passion for helping ppl and I think trading can help many out

    Thank you guys behind BOTS, I really appreciate what you guys are doing.
    BO is a mess on Google and YouTube, but you guys make it possible!

    If someone out there has any good spreadsheets I could start with I would love to see them, thanks a lot!

    Thank you for you time!

  2. #2
    Junior Member dommech's Avatar
    This is the trading setup I'm currently testing out.

    Feel free to give advice as I'm still a noob


    200 MA
    31 MA
    Trade Assistant v 1.14c (for long term overview)
    CalendarFX-I-A16 (for news, not tested)
    News Indicator (found here on BOTS)
    Trendlines (draws 15min-4h trendlines for brekouts)
    And the I look at price, round numbers.


    Feel free to download my setup, added the template.
    https://drive.google.com/open?id=0B3...0o2RmlCWERfakk
    Attached Thumbnails Attached Thumbnails TradingSetup.jpg  

  3. #3
    Moderator Kolyo's Avatar
    Great to see you survived through all these life challenges!

    I am sure they only made you stronger at the end! I fully agree that for many traders higher time frames are much more appropriate. I also found late in my trading career that I am way too impulsive and trading on H4 or daily charts is much less stressful and help me trade more clear setups and in overall my PnL improved drastically since than. Thank you for the good words about BOTS Team and what we are doing here at CommuniTraders. We are doing our best to keep up and running the best BO community in the world

    Congratulations for your new trading diary! We will follow your progress and I am sure it will be very interesting diary!
    "The goal of a successful trader is to make the best trades. Money is secondary." - Alexander Elder

  4. #4
    Senior Member Ingmar's Avatar
    First of all KUDOS for sharing and ending up on top after what you've been through and welcome to the community :-)

    I'm sure you can find here whatever you need. Just ask...

    Your setup looks fine to me and if it works, it works. :-)
    “The game of speculation is the most uniformly fascinating game in the world. But it is not a game for the stupid, the mentally lazy, the man of inferior emotional balance, or for the get-rich-quick adventurer. They will die poor.”

  5. #5
    Legendry Member Okane's Avatar
    Hey welcome!
    It's great that you opened a diary.
    I am also from Sweden
    - drugs are expensive, not a good investment (yes I always have the business perspective of things...)


    A tip for getting better images, try lightshot and upload the urls instead

    Keep us posted here on how you do!
    Live Webinar: Hidden Content
    Join My Skype Group: Hidden Content

  6. #6
    Junior Member dommech's Avatar
    Quote Originally Posted by Okane View Post
    Hey welcome!
    It's great that you opened a diary.
    I am also from Sweden
    - drugs are expensive, not a good investment (yes I always have the business perspective of things...)


    A tip for getting better images, try lightshot and upload the urls instead

    Keep us posted here on how you do!

    Cool! will look at Lightshot! thanks!

  7. #7
    Legendry Member milos's Avatar
    Welcome to Communitraders!

    You're in the right place.

  8. #8
    Junior Member dommech's Avatar

    My first 4h EUR/USD trade !!!

    Chart uploaded here:
    https://www.mql5.com/en/charts/74704...tone-group-ltd

    Time expiry: 4h
    Put/Short
    Risk: 1%

    The red line at 1.1864 is the 2010 yearly low as pretty heavy resistance.
    Price is hitting the Weekly 200MA
    Price is reversing at the blue 4h trendline.
    Price is under the 31MA.
    larger "Head and shoulders" formation (correct me if I'm wrong)

    My entry:
    https://www.mql5.com/en/charts/74705...tone-group-ltd

    What do you guys think?
    Last edited by dommech; 08-11-2017 at 06:22 AM.

  9. #9
    Legendry Member Okane's Avatar
    Where exactly was your entry? You can put an arrow on the candle where you entered (there are arrows in MT4)
    Anyway, it looks like you went with the trend (down). Nice
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  10. #10
    Junior Member dommech's Avatar
    Quote Originally Posted by Okane View Post
    Where exactly was your entry? You can put an arrow on the candle where you entered (there are arrows in MT4)
    Anyway, it looks like you went with the trend (down). Nice

    Oh, sorry
    It was at the open bar. Will add arrows on my next trade

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