My GBPJPY trade journal - Page 3
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Thread: My GBPJPY trade journal

  1. #21
    [quote=yonseo;8050156]It has been some time since this thread has been inactive and that's what you will expect from some of the threads. After spending few years spending countless hours dissecting all of Greg's trades listed from 2008 going down to the 5m/15m charts, I have noticed that Greg too evolved in his approach to the markets into trading less for higher probability trades while making the same common human mistakes at times (i.e overtrading, adding losing positions). However it is discipline and his consistency with his backlog of experience that moves him forward. This is why he emphasized the significance of practice when keeping your risk to a minimum. No one can emulate and trade the same way as Greg. However one could employ some of his fundamental principles in identifying the probability opportunity to enhance the trading. The final bit of puzzle is understanding where and when to cut your losses and also this will be the most difficult barrier for many, if not all. He stated that with money management and given the opportunity one can turn $300 into 30k in 6 weeks or less. The power of compounding is that there if you have a high hit rate. I managed to turn $200 into $5500 trading this egy. After realizing the blood sweat tears are unavoidable in this game and only people that have endless commnt will ultimately make it to the other end, this enlightenment is only the start for me and I want to inform Greg personally... THANK YOU My tribute to Greg: picture image picture[/quote



    Congrats on your success Yonseo. . Hows GBPJPY going on?

  2. #22
    Hi, just wanted to say I've just been reading this diary and it has helped me a lot with my egy. It's great to find that a trader who has become successful. I need Greg were still around here so I could tell him I believe his diary and trading are. I never used pivot points before but after seeing how powerful they are here and how successful Greg was using them, I've incorporated them into my egy and they've turned out to be the missing link I've been looking for to really kick it into high gear. Thank you for data Greg and your thread. I hope you're doing well.

  3. #23
    Hi,
    This really is one of the best threads on this forum and that I feel really blessed and grateful to Greg for making this diary. I have spent quite a lot of time going over the trades of Greg and I am sure there are several. I have been wanting to wrack my brain but have not managed achieve a definitive answer, and that I had been hoping that some of you who still visit this thread can help out me.

    It helps to view Greg's account statement so that you can see exactly where he entered and see how the installations lead to a move. But I am visiting setups around the place and in the up and down directions and wondering how he caught the setup that is ideal at the ideal moment in the ideal direction. It's clear I have to be discerning in regards to recognizing setups. I have submitted two of Greg's trades to illue an example.

    Greg Post #1:
    Ahead of the up move that occurred in the end (which is the move that Greg entered) there was a substantial down move that happened after the uptrend, but Greg appeared to know that this was a retracement so that he stood aside with this move.

    Greg Post #15:
    Here you have a similar situation (previous uptrend, then you've got a down move). In this trade, Greg entered on the down move and states there was an obvious top in his comment, suggesting this was a reversal.

    My question is, are there some obvious signs I'm missing that states the down move in Post #1 is a retracement and the down move in Post #15 is a reversal?

    Thank you, I greatly appreciate any ideas or input on this!

  4. #24
    Quote Originally Posted by ;
    My question is, are there some obvious signs I am missing that says the down movement in Post #1 is a retracement and the downward movement in Post #15 is a reversal?
    Attempt to find answer on higher TF.

  5. #25
    Quote Originally Posted by ;
    .... My issue is, are there any signs I am missing that says the movement in Post # 15 is a reversal and the down movement in Post # 1 is a retracement? ....
    I believe Greg is merely a master at studying price action. The stochastics are certainly looked at by him, and that I can see why you would ask the question. When he'd say that level or a shirt is obvious it can easily be not obvious to me or you. You would need to observe the price action unfold at the moment. I noticed that regardless of his first analysis, he'd be quick reverse and to close a trade in an instant. That is reading price action at the right time of the transaction.

  6. #26

  7. #27
    Quote Originally Posted by ;
    certainly sel image image
    Please do not use other folks Trading Journal if it does not contribute to Greg his style.
    In that case begin your own Journal.

    Thnx

  8. #28
    A seasoned old thread, nice....gotta read it....gonna take me some time here...

  9. #29
    Hi,

    I am new to this particular thread of GW, and moving through the first few pages. I only want to know if anybody has created any document or file with all of Gregs charts from the start to the end. In that case , could you please direct me.

    Regards

  10. #30
    Quote Originally Posted by ;
    Hi I am new to this particular thread of GW, and moving through the first couple of pages. I only wish to know if anyone has created any file or document together with all of Gregs charts from the beginning to the end. In that case , could you please guide me. Regards
    I know that everything that Greg had to provide to everyone is in this thread. Everything which is to be said of Greg exchanged is in here, although I've met with Greg a lot of times.

    I discovered, 1 thing that was helpful to his powerful run was that the PoundYen falling from 240 to 130. Every method has Greg capitalized on his own and it's day.

    This is a good method to perform top down analysis in the event that you really immerse yourself in it. If you prefer charts or more supply-demand type analysis, then pick your poison. I can tell you something about Greg. As soon as I met him on several occasions to discuss trading.... When he looked in a chart, to examine it, or to look for a trade, or to examine it.... I could see his deep shouts when he looked in a chart and tried to create some sense of it. I saw his discipline, his silent approach, setting alerts, doing pre-analysis, having a plan, puting on large trades with no stop because enough occasions on the equilibrium it came.... You should do your intense thinking based on whats right in front of you in today's market with your risk model.

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