R+0.6 Deducted Spread from PT To get more accurate 1:1

GU trade...( could I have got more out of this?!)

EU obs... lots of S&R would have made trading it difficult...

However...

EJ obs...  the EJ chart was v similar to the EU but with far less S&R issues.

R- 0.5 Just Missed PT's... Need To Base PT Off correct entry not Slipped one.

EJ Trades...

 EU Obs...

5th-9th May P/L: +0.3

Monday Issues: Bank holiday in UK so not working.

Tuesday Issues: Difficult, could have held longer to winning trade. Took profit at WN

Wednesday Issues: TSLing too quickly? Good entry that came back to be tested before reaching PT.

Thursday Issues: No setups off the 20EMA ( at least in the AM) some of Yesterday's levels.

Friday Issues: Wifi dropping but also some fear. Avoided a RL to R short as looked sharp and likely to test R again resulting in an premature stop.  This indeed happened and then surpassed PT.  Another piece of evidence suggesting my ISL my be too tight and my TSL is being trailed to quickly.

R+0 No Trades, Poor Wifi!

Wifi dicking me around the last couple of days.  Updated the firmware on my router, fingers crossed.

EU Obs...  sods law saw this setup but wifi screwed me...  However would have req a wider ISL.

R+0 No Setups at 20EMA, Some at Levels

Saw a couple trades at levels but not at the 20ema which is currently my only entry so just obeying the rules.

EU Obs...

UJ Obs...

R-0.6 Might be Trailing too Quick

UJ Trades...(Might have TSld too quick trade 1)

EU Obs...

Today's Entry Technique (Al Brooks)

Re-read my notes on Al Brooks "Best Trades" chapter. My entry today was far more inline with his words.

"if a trader has the patience to wait possibly hours for a best trade to develop and he restricted himself to only the trades in this chapter , he would be a very successful trader...the best trades req alot of patience, patience to occur and patience to work out...learning to restrict yourself to only the very best trades is perhaps the most difficult part of trading.  If you are not making money it is something that you must seriously consider...The single most important trade to avoid until you are skilled is trading within BW (in a volatile range) and a TTR (tight trading range)...many WT setups will look terrible , but you have to trust your read and place your orders or else you will be trapped out of great trades, like so many weak hands... in a strong trend you do not need setups you can enter at anytime, they merely allow tighter stops... Once profitable increase size not setups"

NB : My setups are now very similar to Al Brooks's

1.  EMA PB/RL (S&R PB/RLs) ... My LSH and HSL @ 20ema in a strong prolonged trend is v similar.

2.  clear strong REV after maj TL breaks... My SAR of a LSH or HSL @ 20 EMA  in a strong trend or at S/R is v similar.

3.  FBO/FBD and BOPB/BDRL of patterns from yesterday's S/R... My LSH, HSL and SAR at S/R are v similar.

R+0.9 Only One Trade That Setup "Correctly", some thoughts on exits...

Couple of thoughts on exits...

1. Once in a trade should I trade through levels and let price action take me out?

2. Or should I use a couple of PTs?

Tbh I like the sound of "1" but guess the market will tell me in due time.

GU Trade...

EJ Obs...

EU Obs...

No Trades just an Observation

EJ Obs:  Best trade at R + a setup

28th April - 2nd May P/L: R- 3.5

Monday Issues: Traded a weak trigger twice! (O/C ag 20). Didn't let profits run on good trade.

Tuesday Issues: Trading poor trigger and into S&R

Wednesday Issues:  Not trading off an S/R level or Strong trend (Entry floating in air)

Thursday Issues: Trading into a WN, Not trailing stop correctly. Trading a HM

Summary: Only take trades in strong, prolonged trends at and S/R level Without any major S/R imd abv or below.  All triggers should touch but not O/C ag 20 nor be HMs or SSs

(Tueday 28/04/14 post!) R-2 Poor Trigger, Traded Into D1R lots of S&R

I must remember I can look at my charts on my tablet.  There's no reason that I can't get away from the desk and keep an eye on the market!

EU Trades... (Didn't like action in realtion to other pairs, then traded through data to add to things.  Didn't need to look at calander PA went bonkers!)

 UJ obs (had I been Patient!)

GU obs (had I been patient)

R+0 No Trades: S&R and Trigger Issues

EU Obs

EJ Obs (best trade today was EJ trade B)

 GU Obs

Obs: Setups with 20EMA at/around S/R Work Well.

Was looking at the market after my session and spotted these...

R-1.1 Good - Mediocre Entries and Exits

Reading a book by Bob Volman, current chapter on stop placement really threw my game off today...

EJ Trade...

GU Trades...