Thread: Bakulis Trading journal

I am starting this diary as a convenient method of recording my thoughts, trades and other bits and bobs. I am a newbie so please don't stick to any trades that I post. Follow them !

I am a follower of Jacko's methodology. You can read about his trading method here https://www.nigeriaforextrading.com/...njatrader.html . Please ask any questions you have about the process over at Jacko's ribbon as there are far more experienced traders there who can assist you. Jacko retains his way easy and I like that egy. It is a good trading style for my mind ! LOL !
I don't have any clever stuff here to provide in my diary, which you can find in the many threads here at the FF. This journal is to help me record my journey through this forex jungle.

Originally Posted by ;

:

Good luck and thanks for journal. I know this diary is more for your own tracking. But it will help us beginners to folllow the trade. It'll be useful some time if you add a chart or mention your chart time frame.

Thanks again,

FX_California

Hello Fx_California

Thank you for the good wishes. I'm sorry I have not submitted any charts as I don't actually understand how to simply yet. I may do so after I understand how to do it. As for my trades, they are not recommendations although I am trading them myself in a live account. I look for set-ups from the 4 and daily hourly charts for my main trades. I also refer to the weekly charts to confirm that the main trend is still intact as I would rather trade with the main trend. I am a new trader finding my way in this forex jungle. After my trades won't show anyone the way to trade. Please go to the thread of Jacko and learn the method. That's a recommendation. Newbies looking in.

This segment is to keep an up to date listing of my trades just as from the 12/04/08. My primary account is going to be for my acute trades based on trend trading (swing trading). The amusement account is going to be for my absurd trades when I am feeling bored waiting for set-ups for my primary account.

Please note that I use a spreadbetting agent for my trades and the minimum bet is #1 per pip. As I trade in varying sizes, I would love to make it clear to recording purposes, that every pip listed will represent #1. Example - If I exchange #5 per pip and made 10 pips, then the volatility obtained will be listed as 50 pips (#5 x 10 pips = 50 ). I want to make this clear today so that I don't engage in any potential disputes over how I am recording the outcomes of my trades. Please do not scrutinise what amounts I am trading etc and inquire about cash management problems etc.. This section is for my perusal. There are many threads here in thenigeriaforextradingthat will provide you the intricacies of good cash management. Ok, now that I made a few things clear, allow the journey begin ! Hope it's not a one but one of pleasure ! LOL!

Main Account

Winning Trades : 0

Longest winning chain : 0

Losing Trades : 0

Longest losing sequence : 0

Win / Loss : 0 / 0


Pips Counter :



Entertainment Account

Winning Trades : 0

Longest winning chain : 0

Losing Trades : 0

Longest losing chain : 0

Win / Loss : 0 / 0

Pips counter : 0

EurUsd :

Am Considering buying at at 1.5711, rounded up to 5700. Would prefer a lesser cost if I could get that, somewhere around 5650.
If I am wrong, I have the A-H egy. I have placed an order to purchase at 5700 but when I am at the display, I'll attempt to get it reduced if I could.

Reason for commerce :

Trading with the primary trend.
1.5711 -50% fib from Swing low 5510 (3/4/08) to Swing high 5912 (10/4/08).
Strong support
Bottom trendline

Originally Posted by ;

I am starting this diary as a convenient way of recording my ideas, transactions and other bits and bobs. I am a newbie so please do not stick to any transactions that I post. Follow them at your peril !

I am a follower of Jacko's methodology. You can read about his trading system here https://www.nigeriaforextrading.com/...australia.html . Please ask any questions you have about the method above at the thread of Jacko as there are traders that are more seasoned there who can help you. Jacko's retains his method easy and I like that approach. It's a trading style for my mind ! LOL !
I have no clever things here to provide in my diary, that you can see in the many threads here at the FF. This diary is to help me record my trip through this forex jungle.

I have two trading account. One I use for my primary transactions that were serious based on trading. Where I will indulge to my heart's content to the punting that kills traders the account is for my pleasure transactions. It's a account and I really don't mind blowing that simply to maintain the gambler in me fulfilled ! This has helped me in preserving and growing my primary account.

I would also love to take the chance here to say a big thank you to some individuals here (you know who you are) who have helped point me in the right direction when I felt lost within this forex jungle.

Great Luck,

Lot of success and pips

Originally Posted by ;

Good Luck, ''

Majority of success and pips

Thank You

Originally Posted by ;

EurUsd :

Am considering buying in at 1.5711, rounded up to 5700. Would prefer a lesser cost if I can get it, somewhere around 5650.
If I'm wrong, I have the A-H egy. I have put an order to buy at 5700 but if I'm at the display, I'll attempt to get it lower if I can.

Reason for commerce :

trading together with the primary trend.
1.5711 -50% fib from Swing low 5510 (3/4/08) to Swing high 5912 (10/4/08).
Strong support
Bottom trendline

Bakuli:

Good luck and thanks for diary. I know this diary is more to your own monitoring. But it is going to help us newbies also to folllow the transaction. It will be helpful some time if you add a graph or mention your chart time period.

Thank you again.

My broker is not open until 12 midnight GMT as I'm in the screen and now I've cancelled my purchase order at 5700. I shall wait and see if I could get it lower than 5700 at 5650. If it drops below 5650 I shall put my buy until I could be as certain as possible that it isn't going to be a deeper correction.

My agent is open for business as I write, and Eurusd is at 5721. I missed the purchase as my agent was closed. I am not going to rush into buy at this level. Then I'm a buyer but not in the present cost, if it falls back into 5700.

Getting bored. Did a scalp, shorted eurusd at 5723.