Thread: Iak Trading journal

Todays trades will probably differ to original page. Came up with a method I wld like to try . Hey, its my journal lol!

Trade 1: Out @ -7pip
Long @1.23996 Out @ 1.23924

Trade 2: Brief @1.23800 (Time 14:00)
Out @ 3 pips

Trade 3: Long @1.23797 (14:55)
Out @ BE

Trade 4: Brief @ 1.23765
Out @ BE

Trade 5: Short. (8ema/21ema cross then pull back to 8ema to input )
Out 45


Heiken ashi was quite difficult to trade. was always too late. It would appear that the best approach to trade the 5 min is using this ema cross and pull back. Will experiment tomo.

Ok, Today I will be trading a crossover of 8ema and 21 ema, then a pull back to the 8ema and pull the trigger before bar ends. SL will be 4pips and Accept profit is going to be set at 20 pips. I will also have a 7 time rsi in my charts to be on the lookout for divergence. If the risk is small I may trade on a divergence. If I can find a BE on divergence then will let trade run. I will be looking at eur/usd 5min chart.

Trade 1: (09:20) Short due to divergence and strong resistance at around number. Short @ 1.22982. Currently at BE
....OUT of Trade 1 @ 20 pips. (I decided to depart as price had reached a service level and was in a wonderful amount of pips. Whether I have the disipline to trail my stops is debatable lol!! Happy with 20 to get me started anyhow.

Trade two:
Brief @1.22822 (10:05)
Cross-over-pull back commerce.

@ BE now.
Out @BE

Trade 3:
Out @ -4pips.
Emas bounced off each other then price pulled back into 8ema so I entered brief.

Trade 4:
Extended @ 1.22910
Cross over pullback

Out @ -4

Trade 5:
Brief @ 1.22803
Cross-over-pull rear commerce. SL @4 pips. Target @ 20 pips.
....Out @-4

Trade 6:
Short @ 1.22813.
Impulse trade. Price rose and pumped trade 5 but bounced off 21 ema so re-entered. We will see if this really type of foolish movement

....ok, @BE
....Out @ BE. Prob for the best otherwise will begin taking more impulse transactions!

Really powerful support @ 1.22752! You have the feeling price will break through at any stage but trying hard today to adhere to the method and avoid any more impulse transactions!!

Average!! Price just broke through!! lol. If I had been slightly more individual on trade 5 and waited until an actual touch of the 8ema then I might now be at TP 20 pips for trade 5. doh!

Trade 7.
Entered on pull back to 8ema. Entered this due to recent break of support

Out @-4
Classing this as urge as there was not a cross-over first

Trade 8:
Long and spiked out in Minutes! -4