Rogan's journal "The Way Out"

[rogan]

Trading for week 23 - June 2 - 6 2008

02/6/2008 08:20 Short Scalp GBP/JPY 206.77 : +45 PIPS
28/5/2008 09:05 Short Scalp GBP/JPY 206.15: +40 PIPS

Running total so far for week 23:

Scalp trades : +85 PIPS
Nick B S/R trades (4hr) : 0 PIPS

I am also playing around with a mechanical system.. Enter long or short on the previous day's high/low

Today:

GBP/USD +30 PIPS
EUR/JPY +30 PIPS

Fantastic start to the week


So trades left on my chart for this week:

Long scalp 209.37

Short scalp
204.12
202.61
201.51
199.78

If we see a reversal looking at 4hr chart now - I may enter long at either 206.15 or 206.55

[traderjosh]

Love your trading journal Rogan. Very informative. Thanks for all the info.

[rogan]

Originally Posted by traderjosh

Love your trading journal Rogan. Very informative. Thanks for all the info.

Thanks Traderjosh,

I'm glad someone is reading it.. Hopefully I can get to update it more often too.

[traderjosh]

Yes Absolutely. That would be great. I know Nick is busy so having someone besides Nick that is able to give similar analysis is great on this forum. Thanks again.

[Rich1969]

Hi Rogan,

I always read your jouno with great interest pls keep up the good work,

rgds Rich

[rogan]

Originally Posted by Rich1969

Hi Rogan,

I always read your jouno with great interest pls keep up the good work,

rgds Rich

Thanks Rich,

You thought of starting one yet ?

[Rich1969]

Originally Posted by rogan

Thanks Rich,

You thought of starting one yet ?

Going to give it a few more weeks then I'm sure I will add one.

[rogan]

Trading for week 23 - June 2 - 6 2008

02/6/2008 08:20 Short Scalp GBP/JPY 206.77 : +45 PIPS
02/6/2008 09:05 Short Scalp GBP/JPY 206.15: +40 PIPS

03/06/2008 07:30 Short Scalp GBP/JPY 204.12: -50 PIPS - 4hr chart

Looking back at the chart I'm really not sure why I traded this, it wasn't a very good scalp line and I had to set a P&C order on my way to work. If I had been watching the trade I probably would have got out sooner.

03/06/2008 17:05 Short Scalp GBP/JPY 206.75: +50 PIPS - 5 min chart

Messing around with something new off 5 and 15 mins chart


Running total so far for week 23:

Scalp trades : +85 PIPS
Nick B S/R trades (4hr) : 0 PIPS

Edit: New scalp line on the table, should be a good one: 203.97 Short

[rogan]

Trading for week 23 - June 2 - 6 2008

02/6/2008 08:20 Short Scalp GBP/JPY 206.77 : +45 PIPS
02/6/2008 09:05 Short Scalp GBP/JPY 206.15: +40 PIPS

03/06/2008 07:30 Short Scalp GBP/JPY 204.12: -50 PIPS - 4hr chart
03/06/2008 17:05 Short Scalp GBP/JPY 206.75: +50 PIPS - 5 min chart

04/06/2008 07:25 Short Scalp GBP/JPY 205.79: +45 PIPS - 5 min chart

Running total so far for week 23:

Scalp trades : +130 PIPS
Nick B S/R trades (4hr) : 0 PIPS

[rogan]

Hi guys,

I've gotta change some stuff with trading at the moment.. Got a hell of a load of personal stuff going on ( can't choose your family, which is a shame sometimes ) and work is a killer for me working 12+ hours every day ( and weekends) at the moment.. I was in two minds to bin the whole forex thing, but I love trading and this will eventually be my way out. Also love this site and there are a great bunch of people on here.

So I gotta scrap scalping for a while, it just takes up too much of my time, even thou it's fairly good for me. I was only doing it to build my account faster - but screw it.

I'm gonna trade Nick's S/R line method only now and scalps off 4 hr only. At the same time I will study and learn more stuff before work each day ( couple of hours b4, just gotta get up much earlier )

Will stay online in the chat room, even thou I may be away - so guys if you need me just send a message in the chat room. That way i don't have to scroll through all the text I may have missed..

Will also remain active in the forum.
Catch up soon