KAS Trading Journal
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Thread: KAS Trading Journal

  1. #1
    140408

    Beginning of my trading diary. I consider myself as a Forex Trader with approximately 8 weeks of experience dealing with FX, even though 5 decades ago, did commodity trading resulting in reduction.

    This trading diary will reveal the documents of my live trading, using combination of trading systems on the market. The logic, the do's and dont's, the analysis, the before and after and all the learning experience will be written here as a diary, so that it rewards me , then to whosoever scanning this thread.

    At this time, market has not opened, awaiting.

  2. #2
    I am trading UJ, UC, GU, EU, EJ and GJ.

    Current trading system utilized -'Congruent' - if 4 timeframes (1m, 5m, 15m and 30m) give congruent buy/sell sign - then input accordingly.

    Effect:

    12 winning trades
    5 losing trades
    -24 pip loss.

    Analysis:
    The winning transactions are somewhat more, the losing one is larger in quantity - need to correct the SL value.

  3. #3
    What is KAS721C trading system?

    A Simple Moving Average (SMA) of 7 and 21 and 'C' stands for Congruent.

    Entry in the sign (the cross of SMA 7/21) of cheapest TF which is 1m - while in that time - the rest of all other bigger TF has crossed - that is why it's called congruent.

    Analysis so far:

    This system is simple, and feel to be somewhat profitable IMO.

    Mistake performed -
    1) Close the transaction also speedy
    2) SL also close to

    Maybe -
    1) The entry is very reliable and may be profitable if I let it run until another cross happened, in the cheapest TF - in which I shut it (pressured ).
    Two ) Re input if another sign in cheapest TF happen again - with the identical rule, shut it when counter sign occured.

    Will do this after this.

    With this system, I can define 2 things:

    1) Ranging definition - if all the signs are not congruent - some TF show buy, some sell.
    Two ) Srong Trend definition -whan all the signs are congruent - it actually telling us that it's in the'strong trend' - upward or downward.

    Thus, the machine is very simple.

    At this time, all the pairs are 'Ranging' zone - so no transaction taken.

  4. #4
    Analysis of the worst losing commerce:

    GJ with -27 pip loss. Buy at 199.53, hit SL at 199.258 to be exact.

    It appears that after it strikes my SL, the price shoot up back after that. Plus it immediately triggers the congruent signs which end up in 100 pip proceed after that.

    Lesson learned.

    1) My SL ought to be transferred to continue swing low for buy signal (last swing high for sell)

    2) The 2nd congruent signal is more powerful - ie. If price is breaking out (the first congruent signal right after ranging period), it will normally retrace back, the 2nd congruent signal is more'safe' to enter, plus with Elliot wave thory it provides more range of travel.

    3) So, 2 things to be done after this:

    a) Entry at second congruent signal after break out (first congruent signal).
    B) SL ought to be set to the last swing high or low.

    Will do that following this.

  5. #5
    Analysing all losing transactions - all with the exact same mistake - SL too close - right after hitting price rebounce in the path of profit.

    So, analysis is company and the TO DO is required.

  6. #6
    150408

    2 successive loss of trading -24 pip and -26 pips. Stop and examine.

    Both Due to emotion. Again not following the rule. Or, perhaps the rule is not clear enough. The rule ought to be - that the signal of entry time is at the start of the cross of full-time period, 1 or two bars after the cross (while the rest of TF has already crossed), not after that bars. Mistakes done because entry at 5-7 bars after the cross - and - price shoot down .

    160408

    Then, I continue with my analysis of finding the Set and Forget system which I have been trying to find since one month of trading forex. Until now, trading demo doesn't create decent result, but starting 160408 I believe I discovered something that I actually want.

    Why do I need a SIMPLE, SET and FORGET system?

    Because, most trading platform available that's predied on Indiors will make the Traders await the correct time based on the signal - it may take hours before the signal came, and time like those, not to say we dont have the patience, however, as a human being we have a tendency to see things differently when hours after hours infront of pc screen. Things that may make us forget about the rule - and normally when this happens, plogical will take place - and we'll follow our intuition - something like, woow the price is moving upward that quickly! Come on, quickly, enter NOW, u press on the button - the moment u place the entry, seconds then -20 pips, u enter at the peak of the movement , being deceived again and again by that sudden volatility - that I think many of us had been caught within these situations, and honestly, these has been happening for me, many, many occasions.

  7. #7
    Demo result of now 160408.

    First couple transactions are losses.

    After changing the parameter the past couple of transactions all are profitable.

    What have I really done?

    Defining the new breakout Buy and breakout market area, based on the past day Open, Close, Low and High.

    Take profit only 20 pip each. Buy limit and Sell Limit orders are put at the beginning of Buy and Sell breakout area.

    I shall keep on testing these parameters until I am happy with the outcome.

  8. #8
    170408

    Testing with the same Breakout Daily Strategy based on previous day near, low and high.

    But, do different setting than 160408, to check the performance, all buy and sell limit order (or entrance order) with TP = 40 pip and SL = 40 pip.

    The performance is as connected. Not good, 3 out of 9 Buy/Entry order hit on the TP, the remainder hit the SL. For my note later, the first and the previous one row result will be based on other trading system - still congruent methodology.

    What I will do to tomorrow for this Set and Forget System is to Set TP of 20 pip and SL of -40 pip. This is because based on my analysis, if the TP is set to get 20 pip, most probably it will hit the TP, as revealed by the result of 160408 and additionally now.

  9. #9
    1:19 am 180408 - my nation time.

    Today, KAS721C trading system looks quite promising with new rule that I have modified. 2 transactions using 62 pip and 45 pip profit.

    Basically The Rule is as follows:

    1) Only use 5m, 15m, 30m or possibly 1H TF (which can be optional).
    2) Ignore the 1m - this is what I think I made the error in previous trade.
    3) Use 7 Linear Weighted, Median Line MA (Blue line) and 21 Linear Weighted, Median Line (Red line).

    Long Entrance Rule: (Refer to attachment)

    1) There is a cross of 7/21 LWMA up in 5m chart, Bar at dark orange color lineup.

    2) Visit 15m TF, await a cross of 7/21 LWMA. From the chart, it does occur at the Orange colour lineup. Await the Close of the Bar.

    3) 3rd confirmatoin - Go to 30m TF, and the Blue LWMA ought to be above 21 LWMA pointing upward.

    4) Input BUY at the 15m TF, launching of the Bar, following the Bar of this crossing 7/21 LWMA - indied by the yellow line.

    Exit or Take Profit or Force Stop Rule or Short Entry Rule:
    (Basically the reverse of Long Entrance Rule)

    1) Cross downward of 7/21 LWMA has happened in 5m TF.
    2) Search for 15m TF. When there is cross of 7/21 LWMA (await the close of the candle), subsequently Exit/Take Profit/Force Stop/Enter SELL.


  10. #10
    Results of this trade based on the new rule as attached.

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