Thread: Bakulis Trading journal

Closed my eurusd scalp sooner than intended at 5715 for 8 pips fast gain. Shortly later it dropped all the way to 5670 !!! Bloody typical ! Anyhow, looking at the positive side, I'm 8 pips in profit plus that I had a little fun with all the punt !

About how I'm using to scalp. It's called gambler's hunch and purely optional, developed over the years frequenting the casinos of London ! On a critical note, scalping has not been rewarding for me in the long term. Why do it ? Like I mentioned previously, it is to satisfy the gambler in me I can leave my main account while waiting for set-ups for my most important trades.

I discovered that I can't update my trading results' record in article nos two as planned. After 24 hours, a post is locked and can't be edited. Ok, will now keep a record of it someplace individually and in that case I will not do it here. I think because it wasn't really a fantastic idea in the first place that is going to be better also.

After going to a low of 5670 as I compose Eurusd at 5682. When price dropped as planned, I did not buy at 5700. As intended, I waited to see how it was going to react at that degree and was looking to get reduced if I could. From what I have seen, I'm now looking more towards 5650 to buy from. Gosh ! I'm amazed at my patience ! Am I turning into a trader that is proper ? LOL!

It's approx 3.55 am GMT and I am feeling tired watching the market. Going to get some sleep. I did not buy in at 5700 though I had the opportunity. I just did not feel comfortable taking on this commerce. When in doubt, stay out! I am still interested at the 5650 degree. I've set my alerts to wake me up when cost approaches that region

Anyhow, I managed to get 13 pips in in complete from two scalps I had, so it was worth my while staying up for part of the the Asia session.

2 scalps = 13 pips ( 8 pips 5 pips)

Woke up to find the market reached a high of 5773 as I write. Well, it seems like I missed the northbound train once I didn't buy at 5700 and reduced when I had the chance. I did not feel comfortable taking on the trade and stuck to my rule of When in doubt, stay out.
I am quite satisfied with my pre-trade analysis of targetting the 5650 - 5700 as potential buy loions. Maybe I was being a little more careful in not buying but hey we can't win them all ! . There's always another chance around the corner.

Since lost the commerce I had been looking to purchase from 5700 but got to the reduced of 5793. Anyway I have a trade on at 5824 so at least I'm in. Would have preferred a much lower cost. Am trailing this one with a 50 pips tsl. Lets see how it works out.

Did a few intraday trades yesterday, trying out a couple of thoughts, also had a fantastic outcome. Am pleased with myself that I'm showing patience and not trigger happy. The amount of screen time that I have been spending is starting to pay off as I'm slowly getting the feel of the market ( I trade mostly eurusd).

Can I get in? What's your TP??

I'm seeing and taking my time but a lil guie will be cool.

Originally Posted by ;

can I still get in? What is your TP??

I am watching and taking my period but a lil advice will be cool.

Hi Titan,

I can't counsel you in your entry as you alone know exactly what your tolerance to risk is. Personally, I would not enter the industry now with the cost being choppy after the bad news from the euro zone. As for my TP, I usually allow my tsl take out my trade if it's my main trade. For some trades, the intraday ones, I use a much more discretionary approach.

Go visit Jacko's thread and find out the method. It is really cool and there are lots of seasoned traders there. There are also other journals of Jacko's followers, eg Zoopy, Stewartr, Static and others, which might be more helpful for you. My journal isn't ful of clever stuff, it's more me talking to myself when I feel bored!

Hope that helps.

Originally Posted by ;

Since missing the trade yesterday, I had been seeking to purchase from 5700 but the market only got to the low of 5793. Anyhow I have a trade on at 5824 so I'm in. Would have preferred a considerably lower price. Are tracking this one using a 50 pips tsl. Lets see how it works out.

Failed a few intraday trades yesterday, trying out a couple of thoughts, also had a fantastic result. Am pleased with myself that I'm showing a lot more patience and not trigger happy. The quantity of screen time that I have been spending is beginning to pay off as I'm slowly getting the sense of the marketplace ( I trade mostly eurusd).

Made a decision to shut my trade before if it spiked down to 2 pips. Didnt like the information coming out from the euro zone. Anyhow, this is a fun trade, therefore I do not mind leaving it ancient. I will stay flat for the time being. Still interested in the 5650 - 5700 levels for my principal trade. Well, we will see when it gets there and whether I will still be interested.

Just moved at 5845 and chose to have a punt. Tight stoploss for this one.