PP2 trading journal

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pp2
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Postby pp2 » Thu Jan 19, 2012 3:28 am

bettlebox wrote:Hi PP2

i came up this idea, i found that when i take my entries price always seems to go 10 odd pips and stall and drifts back so natural instinct is to take the profit and then price would take off again.

I realised that i hardly every have price immediately turn against me as long as i did my higher time frame analysis correctly.

So i thought as tool to get you over psychology barrier, why not buy out your S/L and leave some remaining position in the trade. It frees your mind to focus on picking your exit. If screw up your out @ B/E. I did picture. I just started using it :). I have confidence im picking my entries correctly just need to lock down my exits. Hope it makes sense.





Luv you picture and I agree with you. :)

I think the overall direction I should be progressing towards is exiting part of my position and letting it run.

I can see why 50%, but thinking more of 80/20 so I can compound as quick as possible.

I'm running numbers now and I'm still recording my trades so still looking at it.

Thanks BB :D

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pp2
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Postby pp2 » Thu Jan 19, 2012 4:02 am

The Future Me (rambling--- both meanings ;))

I have a few paths I'm planning at the moment but first things first.

Right now, I'm trading so I can build up a sizable amount of money so I can support my family for a few years. I'm not a flashy person, just enough so that we can live reasonably well. When I do have an amount I ok with, I have more room for more creative thinking and long term trading.

Trading to earn a living and not trading to express oneself is annoying but what can you do ?? I guess most traders go through this path.

Anyway, one path I've been looking at is pipeasy thread on FF.

He builds positions that last for a few months, years etc ...going on for 1000+ pips.

I'm recording everything down at the moment, since I'm mastering entries quite well, I can see why exiting 50% or even 80% of a position and letting trades run to big round numbers is a good deal in the great scheme of things.

Strangely I get the feeling the civilized world is about to blow up soon so holding onto a position for years might not be the best option, need to gain more money in the short while and buy physical gold ASAP! :wink:

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bettlebox
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Postby bettlebox » Thu Jan 19, 2012 5:30 am

Hi PP2

Remember focus on mastering your trading technique. Don't slip into trap of chasing money, or putting undue pressure on yourself .

BB
There are two forces acting upon us: Suffering pushes us forward from behind and pleasures entice us and pull us forward.

pp2
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Postby pp2 » Thu Jan 19, 2012 8:37 am

bettlebox wrote:Hi PP2

Remember focus on mastering your trading technique. Don't slip into trap of chasing money, or putting undue pressure on yourself .

BB


I will try, thanks BB :D

pp2
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Postby pp2 » Thu Jan 19, 2012 9:48 am



Will see what happens in this area


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Postby pp2 » Thu Jan 19, 2012 9:50 am

Can't talk and trade. Happy hunting everyone ;)

pp2
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Postby pp2 » Thu Jan 19, 2012 4:52 pm

Closed way too early!!!



Nevermind, enough for today. SLEEP IS BECKONING.

Would love to see how everyone is doing. :?: :wink:

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Postby MightyOne » Thu Jan 19, 2012 6:50 pm

You gotta want more pips to make more pips ;)

pp2
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Postby pp2 » Fri Jan 20, 2012 6:18 am

MightyOne wrote:You gotta want more pips to make more pips ;)


I WANT I WANT but the anti me in me is strong :(

Working on it ... ;)

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Postby pp2 » Fri Jan 20, 2012 6:44 am

ok, looking for more longs on the EU today. Looks like supply has been broken through so it should be going to the next level of supply.



Will be waiting for a deep retrace to a level 925-915 ish before I will even consider any trading.

Hopefully I can trade it all the way down --- if it does retrace

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