Goon's trading journal

[Goonslinger]

Hey all, it has been quite a while since I last posted. I never got very far last time and so have decided to try again but this time I will keep a (public) journal which I hope will keep me to account.

I've got a lot of reading to do to reacquaint myself with the knowledge captured in the forums so my trading will very much be a work in progress.

At the moment I'm attempting to emulate Alias' trading style except on the 15 min chart as trading while at work is a little bit of a challenge.

Trades for the week beginning 17/10/22:

1710-GU-chart-trades.png (83.62 KiB) Viewed 5276 times

Trade size is pretty much insignificant but I will increase this soon as I gain more confidence in taking trades again:

2210-acc-stat.png (109.46 KiB) Viewed 5276 times

Trades were all roughly 1:1 though I did close a portion of the trades early at the beginning of the week.

[Goonslinger]

Got logged out while writing up the trades...will quickly summarise what I wrote before:

Trade 1 - winner - long - entered on limit order after price broke out
Trade 2 - loser - long - expected price to break above daily open (it didn't)
Trade 3 - winner - short - price failed to break above daily open
Trade 4 - winner - short - zline (at least as I understand it)
Trade 5 - loser - short - late entry but expected price to continue down after the pin bar, but the devils horn(?) got me
Trade 6 - winner - long - price failed to break below daily open; barely hit tp
Trade 7 - loser - long - expected price to turn around at the area it broke out of
Trade 8 - loser - short - expected price to continue downwards
Trade 9 - loser - short - pin bar looked good
Trade 10 - loser - big wicks into weekly open but everyone else had different ideas

As some of the losses were a result of a SL that was too close, I am tempted to manipulate Space as MO taught.

[Goonslinger]

There were some opportunities that I did fail to take (reactions around the current/prev. week opens) but I was feeling a little shy... I shall endeavour to be more brave going forwards.

[Goonslinger]

I'm also going to explore angles again as MO taught.

Here's USDCAD for the current week with angles added.

2210-UC-angles.png (91.45 KiB) Viewed 5267 times

Some of the trades that could have been taken would have been very nice but I can't say with any confidence which ones I would have taken when trading live.

[Goonslinger]

GU with angles - ignore the arrows

2210-GU-angles.png (117.37 KiB) Viewed 5245 times

They could be used as SL/TPs.

[Goonslinger]

EU with angles

2210-EU-angles.png (118.67 KiB) Viewed 5245 times

[Goonslinger]

UJ with angles - a lot tougher to figure out the BO/BIs as the ride up was pretty smooth until it wasn't

2210-UJ-angles.png (96.38 KiB) Viewed 5245 times

[Goonslinger]

Playing around with space on GU:

2210-GU-space1.png (109.59 KiB) Viewed 5234 times

Initial trade after reaction from angle with stop above prev days high - SL/TP @ 100 - RR 1:1
Second trade set at 20 pips after initial trade - SL @ 50 pips from avg. / TP unchanged - RR 1:1.8
Third trade set at 40 pips after initial trade - SL @ 25 pips from avg. / TP unchanged - RR 1:3

(I think the math checks out)

OR

2210-GU-space2.png (108.3 KiB) Viewed 5234 times

The same entries as above but this time adjust TP after each trade so that the TP is more likely to get hit and you still walk away with a 1% gain.

[IgazI]

You only need to define 4 things:
- what is up
- what is dn
- what is in
- what is ot

With that solid foundation in place, you might then consider angles:

then_cons.jpg (159.71 KiB) Viewed 5179 times

[Goonslinger]

Thanks Igazi. I should probably stay away from angles for now but I'll continue to play around with them in the background.

Do we still need to ensure angles are at 15 degrees?

I've done a mark up of GU which I think looks a little better than the first few attempts.

2310-GU-fork.png (154.58 KiB) Viewed 5136 times