Maple's Trading Journal to Success

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kiwiarian
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Re: Maple's Trading Journal to Success

Postby kiwiarian » Thu Feb 22, 2024 6:06 am

maplegum wrote:Been knocking my head against wood for the past few weeks. 1 day making pips, next day losing those and more. Some improvements and some areas same issues. Realising more and more this is the long game and I'm in this til the end. Some days will want to give up and others will be like a dream.

I'm thinking of cutting my trading down to 1 per day maybe even weekly. Well lots of ideas on the table but undecided as need to test things out on demo for a couple of weeks first.

Had a lot of time on the charts looking trying to SEE as TRO says.
Getting price action in my head: either price is breaking out of previous candle or it is reversing.
Thinking about ways to improve my psychology, how to hold on to winners.

Think I am finally understanding the money management spreadsheet that TRO attached in one thread. Can see how RR and win rate are inversely related. The question is do I want:
1. a high win rate and low RR
2. a low win rate and high RR
3. somewhere in between

Reflecting on what can I cope with "mentally"

I like the look of option 2 but in reality find it hard getting loss after loss. Seem to also spend more time on charts this way as needing to re-enter more often.
I like this Strats stuff that Don mentioned a while ago, same concept from Tro, just goes into more depth.
https://www.youtube.com/watch?v=fvUSK8W ... YWRpbmc%3D
Staying small helps a lot as well I am finding while I am finding my way.

I am leaning towards option 1 now.

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kiwiarian
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Re: Maple's Trading Journal to Success

Postby kiwiarian » Thu Feb 22, 2024 6:07 am

kiwiarian wrote:
maplegum wrote:Been knocking my head against wood for the past few weeks. 1 day making pips, next day losing those and more. Some improvements and some areas same issues. Realising more and more this is the long game and I'm in this til the end. Some days will want to give up and others will be like a dream.

I'm thinking of cutting my trading down to 1 per day maybe even weekly. Well lots of ideas on the table but undecided as need to test things out on demo for a couple of weeks first.

Had a lot of time on the charts looking trying to SEE as TRO says.
Getting price action in my head: either price is breaking out of previous candle or it is reversing.
Thinking about ways to improve my psychology, how to hold on to winners.

Think I am finally understanding the money management spreadsheet that TRO attached in one thread. Can see how RR and win rate are inversely related. The question is do I want:
1. a high win rate and low RR
2. a low win rate and high RR
3. somewhere in between

Reflecting on what can I cope with "mentally"

I like the look of option 2 but in reality find it hard getting loss after loss. Seem to also spend more time on charts this way as needing to re-enter more often.


I am leaning towards option 1 now.

I like this Strats stuff that Don mentioned a while ago, same concept from Tro, just goes into more depth.
https://www.youtube.com/watch?v=fvUSK8W ... YWRpbmc%3D
Staying small helps a lot as well I am finding while I am finding my way.

maplegum
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Re: Maple's Trading Journal to Success

Postby maplegum » Thu Feb 29, 2024 5:43 pm

kiwiarian wrote:
kiwiarian wrote:
maplegum wrote:

I like this Strats stuff that Don mentioned a while ago, same concept from Tro, just goes into more depth.
https://www.youtube.com/watch?v=fvUSK8W ... YWRpbmc%3D
Staying small helps a lot as well I am finding while I am finding my way.


thanks kiwiarian ! I will check this out

maplegum
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Re: Maple's Trading Journal to Success

Postby maplegum » Wed Mar 13, 2024 8:54 am

Time to update my journal. Been a bit frustrated and annoyed recently. Was on a downward spiral with trading.
Had a week off to refresh my spirit and reflect on my trading problem.

TRO keeps saying in his videos "it's not what you trade, but how you trade it" and I don't think that has sunk in fully.

I have resolved many of my particular trading problems over the last 5/6months.
There are still some problems to do with sticking to a system but I think that is also because I am trialling systems until I find one that fits my schedule, personality and risk tolerance.
I am always trying TROs systems so its horizontal lines but just deciding where I want to place them and the MM side of things especially.

Realised I was wanting to trade EURUSD because of the very low 0.1spread but that was also shooting myself in the foot as the daily range can be as little as 30pips. I've been looking at EURJPY as in 1 hour I can get 10-20pips which is more realistic in me being able to trade for a living off that amount per day roughly as opposed to 2pips.
\
I've been trialling on demo this week a 1 hour breakout of the 5am candle on EJ. 2 units and taking off 1unit at 1:1 RR and trying to get 2R on the 2nd unit. It's been a lot less stressful, helps me finish my trading by 8/9am ready for work and also I feel satisfied with 10-20pips per day and don't feel the need to keep trading.

Think I will do this all week on demo to get back my confidence and see how the week goes .

Here's monday, tues and todays trades.
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maplegum
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Re: Maple's Trading Journal to Success

Postby maplegum » Wed Mar 13, 2024 8:57 am

up by £349 in 3 days on a £10k demo account. Using 2 standard lots each trade and moving SL to BE once TP1 hit.

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Re: Maple's Trading Journal to Success

Postby maplegum » Wed Apr 17, 2024 10:12 am

back to square 1
had 3 weeks off trading
today finally sat down to get to work and its just not working
been listening to TROs recent vids all saying just take 2pips!!!!!!
tried that and massively failed as losers of 10pips just swamped the wins. tried 2 units also and thought take off half at 2pips and let rest run or hit BE but that didn't go well either

is anyone successfully trading taking 2 pips? every time I try this I seem to do nothing but lose

TRO help me out here, tell me where I'm going wrong please
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TheRumpledOne
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Re: Maple's Trading Journal to Success

Postby TheRumpledOne » Wed Apr 17, 2024 1:49 pm

maplegum wrote:back to square 1
had 3 weeks off trading
today finally sat down to get to work and its just not working
been listening to TROs recent vids all saying just take 2pips!!!!!!
tried that and massively failed as losers of 10pips just swamped the wins. tried 2 units also and thought take off half at 2pips and let rest run or hit BE but that didn't go well either

is anyone successfully trading taking 2 pips? every time I try this I seem to do nothing but lose

TRO help me out here, tell me where I'm going wrong please


Sure, I will help you, HELP YOU!

Post your trading plan.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!

Please do NOT PM me with trading or coding questions, post them in a thread.

maplegum
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Re: Maple's Trading Journal to Success

Postby maplegum » Wed Apr 17, 2024 3:22 pm

Ok. These are my general rules:

Trading at horizontal lines.
Always trading with the H1 candle colour.
Cut losers off at 10pips.
Use 2 or more units to allow 1 to run on further.
2 trades per hour max.
Stop all trading for day if hit 5 losses in a row

For specific methods like Buyzone or pysch lines or Einstein I have made more specific rules.
Such as:

hourly buyzone 4pips wide. usdjpy. current hourly range is 26pips.
1. TP = 8pips
2. SL = 7pips
3. 3 trades per hour MAX. 1 win done for hour.
4. When price is up by 4 pips, move SL to BE.
5. times to trade: 7am to 4pm ( don't trade hours with red news )

is this on the right track? I have set myself challenges where I do 1 method 1 pair for 100 trades and then review them and maybe its my expectancy is off because they all end in losses.

thanks TRO

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Re: Maple's Trading Journal to Success

Postby TheRumpledOne » Mon Apr 22, 2024 2:01 pm

I would suggest using the 30 minute candle color either standalone or along with the H1 candle color.

The market has "changed", so adapt.

Trades per hour may prevent you from getting the best trade of the day. Take every entry to make sure to put the stats in your favor.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



Please do NOT PM me with trading or coding questions, post them in a thread.

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