Thread: Bakulis Trading journal

Have decided that I am going to shut this diary. I believed it was a fantastic way of recording my transactions at the point but I finally realise that keeping a private journal rather is more acceptable for me.

Happy trading all !

Originally Posted by ;

Well, after my short got taken out to BE, I re-entered soon afterwards because I felt there was a bias to the downside and I had my tight stoploss too close to the cost action. So I decided to re-enter a short at 5830 and what a ideal choice. It dropped soon afterwards and I took part gain (1/3) at 5798. Decided to flip the scalp so now using a 100 pips tsl for the remaining position. This C-T trade isn't a part of my main trading egy (well, not yet anyhow) and comes under my own enjoyable trades.
Market seems stuck between 5750 - 5800 (thereabouts) to the past couple of hours. Let's see what happens when Asia comes to perform !

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Closed above trade at various prices ranging from 5772 - 5784. Market has been ranging and I believe it's too undecided at the moment. Thus When in doubt, get out ! . Another fun that is rewarding trade. That is fantastic ! While I am having fun, I get to make money ! And I am still waiting to purchase in the dip at 5700 (when cost finally gets there).
Well, I am off to bed to dream about that sexy, lovely 4 hr graph ! LOL ! Goodnight all !

Well, after my brief I re-entered soon afterwards because I believed that there was a bias to the downside and I had my stoploss close to the cost action. So I decided to re-enter a short at 5830 and that which a ideal decision it was. It dropped soon afterwards and I took part gain (1/3) in 5798. Decided to flip the entire scalp so using a 100 pips tsl for the position. This C-T trade is not a part of my main trading approach (well, not yet anyway) and comes under my pleasure transactions.
Economy seems stuck between 5750 - 5800 (thereabouts) to the past couple of hours. Let us see what happens when Asia comes to perform !

nb.
The above trade was taken hours past. As that is not the intention of the journal, I am not going to post trades. This journal is not to prove my prowess at picking trades :surprised , my capacity to see in the future ( don't tell my agent that !) Or anything else other than to record my trading activities ideas, in my convenience, for my own tracking.

Originally Posted by ;

Market today at 5828, I've moved the stoploss to BE, so today have a free trade. If I reach 50 pips in profit, I have no TP target but will trail this trade.

Well, that was a brief ride ! Stoploss got struck at BE. I knew the stoploss was tight. Never mind, it was a punt. I'm still waiting to get a bigger dip for my principal commerce. If today I will see it, I wonder ? Hmmm, allow me to get the wife's crystal ball out ( no joke, she does have one and she thinks she can see things in it !!! I wonder if She's still carrying her tablets ! )

Originally Posted by ;

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

Marketplace today at 5828, I've transferred the stoploss to BE, so today have a completely free trade. If I reach 50 pips in profit I don't have any TP goal but will trail this trade.

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

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.

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.

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

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

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).