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The Hawk's journal
I have been meaning to start a journal for some time now, but always put it off to later. But I realized that keeping such a journal might help in my trading discipline. The last couple weeks, I fell into some bad habits trying to trade rebounds off of S&R lines. Needless to say, the results were rather mixed, which makes it look more like flipping a coin than actual analysis trading. So I figured that keeping a public journal of all my trades might be extra incentive at the moment to keep me from taking stupid trades.
So let's get down to it, shall we?
I trade almost exclusively the GBP/JPY. There's 2 main reasons for that: first, I love the volatility it offers. And secondly, the exclusivity factor is because I feel that trading/keeping an eye on multiple pairs can get one's attention a little mixed up. I want my focus in one place only. However, there are times when GBP/JPY is rather flat, and in those few occasions, I look at other pairs, but only to get a feel for them. So down the road, I can add a second pair when GBP/JPY is dead.
When I first started trading, I tried many systems, using a bunch of useless indicators and lost a lot more than I won. Now, I use nothing other than S&R lines, and when I respect my strategy of trading the crossing of those lines (see above about the rebound fiasco), I am now succesful more often than not. At first I had a hard time to judge what made a good cross to enter, but instinct is slowly taking over and it's more obvious when to enter. So folks, those that often comment that's it's hard to judge, I sympathize and can only give you one advice: keep at it and don't be afraid to make mistakes. You'll be better for it down the road.
One more detail: my broker is Oanda, but I never use their charts for analysis. They're crap! I use IBFX's Metatrader charts for analysis.
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Nov 11 - 17, 2007: +88.3 pips, 4 positive, 1 negative
Nov 18 - 24, 2007: +58.8 pips, 4 positive, 2 negative, 3 breakeven
Nov 25 - 1, 2007: (proper records not kept more or less broke even, was experimenting a little)
+147 pips (+74 pips / week)
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Dec 2 - 8, 2007: +108.4 pips, 2 positive, 0 negative
Dec 9 - 15, 2007: +102.8 pips, 4 positive, 2 negative
Dec 16 - 22, 2007: +121.7 pips, 7 positive, 2 negative
Dec 23 - 29, 2007: NO TRADING DURING THE HOLIDAY SEASON
+333 pips (+111 pips / trading week)
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Dec 30 - 5, 2008: NO TRADING DURING THE HOLIDAY SEASON
Jan 6 - 12, 2008: +112 pips, 4 positive, 1 negative
Jan 13 - 19, 2008: -232 pips, 5 positive, 6 negative (lots of gambling)
Jan 20 - 26, 2008: -145 pips, 4 positive, 3 negative (lots of gambling)
Jan 27 - 2, 2008: +104 pips, 2 positive, 0 negative
-161 pips (-40 pips / week)
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Feb 3 - 9, 2008: +5 pips
Feb 10 - 16, 2008: +94 pips, 4 positive, 1 negative
Feb 17 - 23, 2008: +57.5 pips, 2 positive, 0 negative
Feb 24 - 1, 2008: +155 pips, 3 positive, 0 negative
+312 pips (+78 pips / week)
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Mar 2 - 8, 2008: +97 pips, 2 positive, 0 negative
Mar 9 - 15, 2008: -210 pips, 0 positive, 3 negative
Mar 16 - 22, 2008: +153 pips, 1 positive, 0 negative
Mar 23 - 29, 2008: NO TRADE
+40 pips (+10 pips / week)
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Mar 30 - Apr 5, 2008: +43 pips, 2 positive, 0 negative
Apr 6 - 12, 2008: +90 pips, 2 positive, 0 negative
Apr 13 - 19, 2008: +113 pips, 2 positive, 0 negative
Apr 20 - 26, 2008: -125 pips, 1 positive, 2 negative, 1 breakeven
Apr 27 - May 3, 2008: +50 pips, 1 positive, 0 negative, 1 breakeven
+171 pips (+34 pips / week)
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May 4 - May 10, 2008: +80 pips, 3 positive, 0 negative
May 11 - May 17, 2008: -140 pips, 0 positive, 2 negative
May 18 - May 24, 2008: +45 pips, 1 positive, 0 negative
May 25 - May 31, 2008: +19 pips, 1 positive, 0 negative
+4 pips (+1 pip / week)
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Jun 1 - Jun 7, 2008: +92 pips, 2 positive, 1 negative
Jun 8 - Jun 14, 2008: +72 pips, 2 positive, 0 negative
Jun 15 - Jun 21, 2008: +85 pips, 2 positive, 0 negative
Jun 22 - Jun 28, 2008: -16 pips, 0 positive, 1 negative
+233 (+58 pips / week)
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Jun 29 - Jul 5, 2008: +59 pips, 1 positive, 0 negative
Jul 6 - Jul 12, 2008: 0 pips, 1 positive, 1 negative
Jul 13 - Jul 19, 2008: +15 pips, 2 positive, 1 negative
Jul 20 - Jul 26, 2008: +64 pips, 2 positive, 0 negative
Jul 27 - Aug 2, 2008: NO TRADE
+138 (+28 pips / week)
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Aug 3 - Aug 9, 2008: +41 pips, 1 positive, 0 negative
Aug 10 - Aug 16, 2008: +43 pips, 1 positive, 0 negative
Aug 17 - Aug 23, 2008: +44 pips, 1 positive, 0 negative
Aug 24 - Aug 30, 2008: +44 pips, 1 positive, 0 negative
+172 (+43 pips / week)
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Total pips: +1389 pips || +36 pips / trading week (39 weeks, up to last week of August)
Positive trades: 78 = 70%
Negative trades: 29
Breakeven trades: 5
Last edited by Metalhawk : 09-01-2008 at 09:03 AM.
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