Trading Journal - Focus On The Plan

The purpose of this trading journal is to keep my trading focused by tracking the following for each trade based on my trade plan and methodology:

1. Identifying appropriate set-ups
2. Entry location and technique used
3. Exit strategy and trade result

Secondly, it will be used for historical reference to improve accuracy of entry, trade management and pattern identification, as well as weekly results.

This trading journal is not about teaching a methodology, but about trading and results. If you want to make a comment, feel free, but please be respectful and keep focused on trading. I will not be answering questions about the strategies I execute and the methodology, but you will be able to see how each trade develops. This journal is also not about providing any signal or trade recommendation. If you see a set-up chart here and decide to make a trade, that is your business, not mine. This is simply a record of executing my plan to improve my skills as a trader and a great online tool to keep that record for improvement and future use.

Today, executed an intraday trade on GU. The 3 charts enclosed review the set-up formation, entry location and technique and the exit / result.

3rd Retest of broken trendline formation

3rd Retest of broken trendline structure

Hi George,

I read a post of you in another thread and I was excited of the trade example you described. Now I found your trading journal and your posted trades are even more inspiring to me. That´s all I wanted to say so far to encourage you to go on with your thread. Good job!
Greetings,
Jan.

A number of possibilities exist with the GJ, so watching the Asian session on Sunday night. My bias remains long, however if the 130 area gives way, a 3rd option would be for a shorting opportunity, down to the bottom of the box. Only a scalping play.

Looking for move to retest trendline for 3rd time.

Jan, thanks for your kind words and encouragement. Really glad to hear some of my posts have inspired your trading and is helpful. This thread is just a continuation of the process I go through preparing and managing my trading. Except this way, I am saving alot of ink and paper, plus my binder was getting really full - LOL... This is a great tool to combine this information online for handy reference. I have not edited a post yet as the set-ups turn to entries and exits, but if adding those charts works out well, I am really exciting about this journal.

Good trading to you.

George

Zooming out to the daily, this is an important retest for the AU. If it can reclaim the daily trendline break, it would invalidate the triangle breakout scenario I laid out. Watching this very closely this week. If it fails could lead to major short move coming. 3rd retest of broken trendlines tend to be the most powerful moves. Also, looks like I cannot edit a previous post, so going to duplicate charts from prior posts to create the complete trade.

Approaching Daily / H4 Trendline

Position size based on the outcome of AU trendline set-up. Need to control exposure to AUD. Looking for a well defined risk - reward trade on an over throw of the H4 trendline.

Added plan for second position and moved stop up to 1.2665

H1 support wall established
Went with aggressive entry at the line, since the pair returned to it instead of continuing bullish candle trend in Asian session

Exited with -23 Pips on bearish close

Bottom of support block, good risk defined entry, counter trend, scalp

Since pair has broke resistance, added second position on pullback on M5.

Exited with +82 Pips for both positions

Closed position at bearish close, 0.8174, -28 Pips, scalp long was counter trend, still remain long term bearish on pair to break range to downside.

Open position short just below support block and off the hourly pullback candle

Scaled half position at trendline for +34 Pips, holding balance for long term move

Hanging in for breakdown of .8100, new SR block formed, could take second entry if 62 is reached. Might just wait for break of 81 then retest.

Missed pullback trade to support block to add a second position. Exiting first position, which is at resistance wall for +181 Pips

Made a charting error, using an older SR block vs. the most recent. Also, used the top and bottom of block as entry points, if top section broke down.

Entered trade #1 at 130.25, exited 130.39, +14 Pips
Entered trade #2 at 129.70, exited 130.02, +32 Pips

Two options explained for trade #1, still bullish on JPY pairs

Exited trade #1 at resistance wall.

Reload on UCAD

Sorry, long term block is in blue, green is recent SR block

Second option would be to wait for a break above 99. then enter long off of retest of breakout

Broken H1 trendline with two options for short entry. Past RDR structure is the trade taken in post #2

Updated with mid pivot position on H4

Missed the 3rd retest line on Monday morning. Now looking for continuing of FCF (fall - consolidation - fall) pattern. From daily analysis price is attempting to break 1.0340 area, which was the breakdown point of the triangle.

Due to the wick formation on the chart, decided to exit for +35 Pips (actually after I did the chart it went down another 2 pips in profit) Looking to re-short when it returns to the bottom of the block

Nice confluence of trendlines and resistance block. Enclosed chart lays out the short scenario. The long trade would exist if the long term down trendline is broken, then retested. At that point, a long trade would be the play. Point #1 on the retest is an example of a stall at the trendline and the type of confirmation I am looking for entry on 1st and 2nd retests.