Wednesday, August 31, 2016
Tuesday, August 30, 2016
Monday, August 29, 2016
Saturday, August 27, 2016
Thursday, August 25, 2016
Wednesday, August 24, 2016
Tuesday, August 23, 2016
Saturday, August 20, 2016
Friday, August 19, 2016
Thursday, August 18, 2016
Wednesday, August 17, 2016
Sunday, August 14, 2016
Trading Journal
Today I updated
my trading journal with few charts, based on DP’s, Patterns i do trade.
Below is
screenshot.
This has
nothing to do with trading method, but I hope these charts alarm me if I am
failing in trading particular pattern or DP continuously.
(You may like to check my Daily Trading Plan here)
Brief on
each chart
- Win % Vs Patterns: This shows how much each pattern hold % of net gain made.
- Win % Vs DP’s: This shows how much each DP hold % of net gain made.
- Win % Vs Confluence: This show success % in trading at confluence of range, DP and No Confluence
- Long Vs Short: This shows how much net gain made in longs vs shorts.
Welcoming your comments/suggestions/critic…!
PS: Charts may look awkward right now, as journal
is updated with only 12 day trades. I hope going forward this will be helpful.
Saturday, August 13, 2016
Friday, August 12, 2016
Thursday, August 11, 2016
Wednesday, August 10, 2016
Tuesday, August 9, 2016
Saturday, August 6, 2016
Friday, August 5, 2016
Thursday, August 4, 2016
Tuesday, August 2, 2016
Monday, August 1, 2016
Daily Trading Plan - Just to Re-Cap :)
Daily Trading Plan
- Plot DP’s such as BRN,PDH,PDC,PDL,RN & Proven Resistance/Support levels from daily chart
- Develop market bias by answering below Q’s
· What is day’s trend; Up/Down?
· Price opens in/out side of yesterday range?
· Price gapped trend or counter trend?
· Price trading above/below of DO/PDC?
· IR formed above/below yesterday closing range
Read this before initiating trade:
- FTA should be at least 15 points away, to allow scratching
- Check if trapped traders create good order flow; Don't miss BOF of prominent levels
- Don't risk more than 10 points per trade
- Define exit levels before processing entry itself, you may get into TRAP right!
- Never miss Fluids.
- Check if critical mass (day traders booking profits/market counter gap down below PDL and reverse etc.) provides order flow to your trade.
- Attempt counter trend FTC trade only if you think price exhausted (near to higher t/f level)
- Don’t trade BOF while SAC pattern running/developing.
- Don’t miss PP trade, if BOF exits at other extreme
Managing Trade:
1. Hide SL behind DP, Swing High/Low, Flip’s and Pivots
2. Move SL to cost and look to scratch if price reverse from FTA
3. Do SAR trades only in case of TRAP entries (Or) You had one profitable trade already
4. STOP trading for the day, once 2 SL triggered in a row
5. Maximum trades per day, Four.
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