Thread: Shazbot trading Journal

My Trading Journal
Im back into trading after a substantial break and will notice my transactions here daily.
Notes on my trading and recording
All times are GMT
I use fibbonnaci, macD, REI, RSI and moving averages as my most important indiors.
I use timeframes of 15, 3 and 1 min
I use 3 min for scalpel transactions (approx 1 min - 10min transactions
I use 15 min on longer transactions (15min - 1 hour)
I'm normally in and outside of my transactions within 5 - 15 mins
I trade 4 days each week and wont trade over 4 transactions in 1 session
My practice is through fxmeduction at Australia

This diary is a declaration of my trading. It keeps me edued and aids in self assurance for trading.
I will not pass information taught to me by fxmeduion.

Wednesday 20th August 2008

Trade 1
Currency GBP/USD
Trade type - scalpel

Entered long 9:21 on 3 minute candle at 18595
Exited 9:30 at 18631
Impact 36 pips

Trade direction
I watched 3 min for my exit, drew a trend line on the upswing. If any candle had opened under the blue moving average I would have left if blended with a drop in Mac D and dip below my 3 min trend line.
Exit Forged
Price on 3 min chart hit on the pivot line along with also the pink moving average. Pink and black REI up high and turnng downwards. Price hit Pink MA on 15 min chart too. Additionally announcement could result in volatility.
Opted to lock in profit

Trade 2
Currency GBP/USD
Trade type - scalpel

Entered short 10:59 on 1 minute candle at 18564
Exited 11:01 at 18554
Impact 10 pips

Trade direction
Entered after watching cross pink and yellow moving average on both two and 1 min. High position of pink REI and Red RSI on two minutes chart. I min chart RSI and REI heading down and saw announcement which went against GDP. Notice I often use 2 min chart when scalping as I find it provides accurate results on these short transactions.
Exit Reason
Indiors on 1 min heading upward, stall at downward price, Not confidnet long term it will continue moving short as 3 min indiors are low and Mac d is not favoring a brief trend. ed in profit.

Daily total 46 pips

Running score
Winning Trades 2
Losing Trades 0
Total trades 2

Friday 22nd August, 2008


Currency GBP/USD
Trade Kind - scalp
Entered 15:59 18584 short
Exited 16:03 18528
Impact 56

Trade management
I was using 1 and 3 min chart. Watched REI and RSI and that I presumed support would come out of pivot point at 18533 so opted to get out if it crossed that.
Exit reason
Crossed the support line and as there had been much movement for a while opted to lock in profit.

Daily total 56 pips

Running Score
Winning trades 6
Losing trades 0
Total trades 6

Wednesday 27th August, 2008

Trade 1
Currency GBP/USD
Trade kind - scalp
Entered 09:04 18440 long
Exited 09:08 18452
Result 12

Trade direction
Was seeing 3 min chart to search for price going below blue Moving average or candle which could signify reversal which will see me depart. I had been anticipating that the trade would go t M3 in 18459 and was prepared to depart there and take profit.

Exit reason
Husband came home with children and I had been distracted, therefore locked in profit.

Running Score
Winning transactions 7
Losing trades 0
Total transactions 7

Trade two
Currency GBP/USD
Trade kind - scalp
Entered 11:11 18445 long
Exited 11:26 18482
Pips 37

Trade direction
pink and yellowish moving average crossed. Pink REI was low and moved up higher all bunched. Mac d Crossed (about 3 min).
When Pink REi and Red RSi was in overbought place that was a sign to get out.
Exit reason
Price hit pink moving average. No true sign of a strong tendency tonite. No news till so locked in profit.

Running Score
Winning transactions 8
Losing trades 0
Total transactions 8

Trade 3
Currency GBP/USD
Trade kind - scalp
Entered 11:45 18883 brief
Exited 11:58 18461
Result 18

Trade direction
The 11:44 1 min candle has been an indiion to search for entry with 11:45 3 minutes performing the same. REi on 3 minutes had been p large and crossed down lower as did RSI.
Exit reason
Was pleased with this many pips against current trend so took it. Sometimes 15 minutes changeover is able to move in either way also. I think there is more in the down movement but took it

Running Score
Winning transactions 9
Losing trades 0
Total trades 9

Trade 4
Currency GBP/USD
Trade kind - scalp
Entered 13:30 18457 brief
Exited 13:37 18434
Result 23

Trade direction
I had been watching the 1 min in relation to the announcment and as the REI and RSI were high went with a brief trade. Two news announcements and has been ready to risk that the transaction. Had a halt of 18477.
Announement 1 came out and no two was slow therefore went with 1 min chart for reaction instead of 3. Made choice to take 20 pips anyway if it went back .
Exit reason
Trading on announcements I dont hang in there too long Use 1 and 3 min rei and rsi as a manual
also long tail on 3 in red and candle rsi heading upward also.

Complete for tonite 87

Running Score
Winning transactions 10
Losing trades 0
Total trades 10
Monthly pips 305

Thursday September 4th, 2008

Primarily, I haven't traded last week, I've been handling my health and my kids health.

Currency GBP/USD
Trade kind - Edge
Entered 6:57 17755 extended
Exited 7:15 17796
Result 41

Trade management
Classic Freeman Edge trade. First I had been using 15 min chart. Mac d crossing, histogram heading north, RSi black over yellow and pointing upward, all rei is bunched and heading upward too. Everything lined up on 1 and 3 minute chart mirroring that the 15 minutes and this is my favorite kind of commerce. I know that although I'm searching for 10 pips, there is a good chance of getting more out of it.

Exit motive
I normally exit when candle opens under MA5 on 3 minutes but got out on candle there had been downward pressure on candles on 3 minutes and was pleased to take profit, as is, the next candle did start under Ma5.
Complete for tonite 41

A note, I often don't trade as much on NFP week because the market can do things which don't work together with all the indiors I use, however this really is an example of trust indiors and don't allow your thoughts rule your trading.

When I did these trades 2 times each week, that would help me a happy trader.
Better than scalping anyday!

Running Score
Winning trades 11
Losing trades 0
Total trades 11

Monthly pips 41

Friday 5th Sept

Currency GBP/USD
Trade type - Edge
Entered 14:59 17730 brief
Exited 15:34 17660
Impact 70

Trade management
Firstly candles on all charts indie downward strain.
MA2 crossed down trhough MA8 REi all sitting up ghigh which is a set up for moving short
Price above pivot line. Mac D trigger line cross and histogram .
Handling the transaction I watched on 15 and 3 min, The 15 min candles were all red and strong.

Exit motive
3 minute Rei hit down low MA2 heading straight back up. RSi and histogram starting t head back up too.
on profit and accept pips. Think it might go farther tonite but happy with pips
Total for tonite 70


Running Score
Winning trades 12
Losing trades 0
Total trades 12

Monthly pips 111

Hey Goddess,

Looks just like your enjoying yourself again, keep up the fantastic work.

I shocked a few the man's using the modifiions to the scaple, let me know when we can get together so we can talkabout.

Cheers

P.S

Give your guy a hug for me.

Thursday 21st August 2008

Trade 1
Currency GBP/USD
Trade kind - short term trade

Entered long 6:51 on 1 minute candle at 18634
Exited 7:04 at 18654
Result 20 pips

Trade direction
Watched 3 min chart for signals that the candle stays above the blue moving average. It did open slightly under at 7:00 however, the 1 min candle was black and strong rsi remained above yellowish on 3 min and went back above on 1 min.
Mac D both lower level charts looked great also.
Exit reason
Spinning top on 1 min chart
Price close to pink moving average on 15 min chart that's indiion of retracement.
Opted to lock in profit for initial trade daily

Daily total so far 20 pips

Running score
Winning Trades 3
Losing Trades 0
Total trades 3


Trade two
Currency GBP/USD
Trade kind - short term trade

Entered long 7:22 on 1 min candle at 18650
Exited 7:42 at 18690
Result 40 pips

Trade direction
Watched 3 min chart for signals that the candle stays above the blue moving average. It did againt dip down but nevertheless it recoverd fast and with the fall in price on the 7:33 candle the REi did not fall down or indie to me that I was searching for a setup in the opposite direction - which is an indiion for me to exit.
Mac D 3 min whilst historgram went down the two lines remained the exact same space as did 1 min. They also kept going in direction of long trade.
15 remained powerful. Price had been today stalling on 78 percent fib line and when it kept going past it seemed strong to keep moving. It then went past 100% and touched Pink moving average and resistance lineup.
I thought price could sit round the resistance lineup or the 100% and that was my stop loss 19684 when it got that low again.
Exit reason
Cross on mac d lines on 1 min and 3 min also confirmed as it was going down also. On 3 min fall in price, REI, RSi black moving under yellow and red crossed down to lower sector of chart.
Opted to lock in profit.

Daily total so far 60 pips

Running score
Winning Trades 4
Losing Trades 0
Total trades 4

Trade 3
Entered another trade before the 9:30 announcement, had trouble with IG Platform, lost charts, but did mange 56 pips.
Will not enter any more details as I was trading blind with a poor chart with a time lag on my mac so will not celebrate this trade but will list it.
A noteI hit F5 to refresh the screen IG and it required 3 times in order for it to work. Note keep the trader number nearby, I have a post it note stuck on my screen. I rang but at the time they got to me it was too late and I had up the ticket and had exited anyway.

Daily total so far 116 pips

Running score
Winning Trades 5
Losing Trades 0
Total trades 5

Tuesday September 9th, 2008

Currency GBP/USD
Trade Kind - Edge
Entered 09:33 17547 Extended
Exited 10:48 17627
Result 80

Trade Entry Reason
Another Timeless Freeman Edge trade.
Looking at 15 min chart could see a triangle which it looked like price was going to knock out through the top.
Hot spots were fashion line, edge of triangle , fib line.
15 min chart represented the 3 min - I really like that.
RSi black over yellow and pointing up and set up
Mac D activate line cross Mac D line
histogram heading gaining strength
rei is bunched and going upward too for extended commerce.
Moving average 8 and two crossed.

I loved the bunching of REI and RSI on the 3 min chart!

Trade direction
It was a long trade for me, I don't normally remain in for this long but there was no real reason to escape and I ran a trailing stop loss.

Exit motive
Watched the 3 min chart and this was the first time there was corss on Mac D, REI and RSi also Moving average two and 8 crossed.

Complete for tonite 80

Notice I did one more transaction Friday night and fell asleep so managed to get out break even. Have added this there. Do not trade when tired or with a comfortable pillow behind you.

Running Score
Winning trades 13
Losing trades 0
Divide even commerce 1
Total trades 14

Monthly pips 191