BRM's Manual Trading Journal and Adventures

[nhen]

Week 13 - No trading due to flying during FOMC (can't take the chance of another computer malfunction!!!!!)

Good thread mate. Looking forward to following your journey!

Sent from my Nexus 6 using Tapatalk

[Big River Man]

Week 13 - No trading due to flying during FOMC (can't take the chance of another computer malfunction!!!!!)

[Big River Man]

Week 12 - 0.95% loss

Week 12 - 0.95% lossResults.
2015-11-11_08-19-39.png


2015-11-11_08-20-22.png
2015-11-11_08-20-32.png

Best trade of the week.
EURNZD short (unable to remove TP or SL) - so had to manually close.
2015-11-11_08-17-34.png

Worst trade of the week.
AUDNZD short. Too tight all over in 2 hours, was a rare market entry, could easily have waited for a usual sell limit but the setup looked good, the trade since dipped well past intended TP (of course)
2015-11-11_08-16-24.png

Biggest Mistake of the week.
Taking technology for granted

Biggest Success of the week.
Even though I had many directions correct to not get %%% or $$$ out of this week is a shocker.


So close.....

[Big River Man]

Week 11 - 1.58% loss

Week 11 - 1.58% lossResults.
2015-11-04_14-46-13.png
2015-11-04_14-49-07.png
2015-11-04_14-49-43.png

Best trade of the week.
The ones that got away!!! Grrrrrrrrr

Worst trade of the week.
GBPUSD. Sold too close to support. Simple as that. Trade was over in 4 hours.
2015-11-04_14-48-03.png

Biggest Mistake of the week.
This has to be a lesson learned here that if I am flring and literally unable to be connected then i will not put trades on in the future. I was unable to be connected to Twitter thus positive GBP news stories quickly made my setup redundant for the timeframe they were entered.

Biggest Success of the week.

[Big River Man]

The updates will be coming. I am away for 2 weeks with some pretty basic internet if indeed it even works.

Needless to say been 2 shocking weeks due to VPS failure, no internet and big events timing in with flights or boat trips.

Frustrating but this is also kind of what I was looking for, I want to see if i can fight my back to equity highs within next 3 weeks. Will be flying again this week during FOMC and NZD rates. This week I am trying to short the EU and AN. Also looking towards shorting E against one of the commodity pairs. And possibly long NC. Just trying to find the right entries but as this big news events are right smack bang in the middle or a flight lus in middle of my trading week I will put less amount of orders on. Bear in mind i am also likely going to leave trading the yen pairs as ECB messed up my UJ short last week. So FOMC will have an effect on yen pairs plus this bloody JPY press happening on Friday makes it almost untradeable (for my mid term length trading)

Hope all your trades fared better last 2 weeks

[brokeMike]

Good trading Journal BRM!
Thanks for sharing, good luck mate!

[Big River Man]

Week 10

Week 10 - 0.22% gainResults.
W10A.png
W10B.png


W10Gain.png
W10Growth.png

Best trade of the week.
Man this trade was the little trade that could! Within a few pips of my SL I had set on multiple hourly bars, so I brought my TP down about 15% as it was within resistance levels. Amazingly had a huge turnaround and finally got that GBP weakness I was looking for. Nice!
W10BT.png

Worst trade of the week.W10WT.png

Biggest Mistake of the week.Biggest Success of the week.
Listening to the story that the charts told me and not the Big Bad Wolf that was nagging me to trade!!!

This cover is probably even better if know the original....

[Big River Man]

Week 9

Week 9 - No Trading

Just decided to take the week off. I had some friends in town as it was holiday season over here. So took the time to go to BBQ's, party's and to visit friend's new babies.

Profit targets met and markets a bit screwy recently so don't won't to book some losses with end of quarter trading.

More opportunity to be provided by October.

[Big River Man]

Last day of the quarter so won't be trading today, the chance of getting whipped out of a trade is too high, which may mean that i won't bother trading this week.

I have set some orders to sell a few GBP and AUD pairs on charts just to see how they would do rather than to curve fit it afterwards.

3.87% for the month so far (target is 2.65%) so may just call it quits for month or trade reduced size on Thursday seen as we have NFP the following day. Either way will only trade if I get an A level signal.

Hope everyone had a profitable month.

[Big River Man]

Week 8

Week 8 - 1.41% gainResults.
W8Solo.png


W8Gain.png
W8Growth.png

Best trade of the week.
GBPNZD long. Pretty simple trade here. Just bought off support that has been tested previously many times, looking for a bounce in a longer trend. Got it nicely and closed out about 80% into profit target. Was a nice executive decision as GBP has just dived bombed since.
W8BT.png

Worst trade of the week.
I cut what I thought was a fantastic trade too early.
W8WT.png

Biggest Mistake of the week.
Cutting a great trade too early. Need to hit these better R:R trades to offset the losses when they come.

Biggest Success of the week.
Bouncing back from last week's losses.

This is a FRIGGIN good song. Listen to it. I get in the zone when I listen to this for some reason.

[FX Magician]

Keep going Big river, I like reading your updates

[Big River Man]

Week 7

Week 7 - 0.4% lossResults.
W7Gain.png
W7Growth.png


W7Mono.png
W7Solo.png


Best trade of the week.Worst trade of the week.Biggest Mistake of the week.
In hindsight I could of taken the week off as I intimated at the beginning of the week.

Biggest Success of the week.
Reducing risk when it was decided that I liked a set up.


FOMC get outta my WAY!

[Big River Man]

Well have been waiting for this week for a few months now.
I have decided NOT to trade and USD pairs this week. There are some good set ups however I am thinking that we may have some "silly" moves pre FOMC but essentially more or less be range bound until then so i don't want to be a) stopped out unnecessarily or b) stuck in a trade pre-news and get spiked out of a winning trade.

That leaves the yen pairs or the crosses. But yet again we have some important JPY news and press conferences this week where my bias would be for a long trade from a market surprise POV, yet looking at the charts I am mostly looking for shorting opportunities, and with the correlation between stock markets and risk ON OFF I actually don't really want to be involved in the JPY pairs either. If I see something that I have strong conviction on maybe I will take it.

So for now mostly looking to go long EUR against a mix or currencies and short NZD against a basket of currencies.

Also I am seriously considering taking the week off as I have already reached my monthly goal. Might be best top avoid and pre FOMC fake outs.

To be continued....

Good luck to all those trading this week!

My personal preference? Well for a USD rate hike of course so that we can make some money on short EU Viper trades!

[Big River Man]

Week 6 - 1.59% gained

Week 6Results.
W6Mono.png
W6Solo.png


W6Gain.png
W6Growth.png

Best trade of the week.
AU short. Closed this little bugger as my spidey sense told me to. Was a great decision. Not the most profitable trade but was the best managed.
W6BT.png


Worst trade of the week.
None.

Biggest Mistake of the week.
Again not sticking with my original trades placed on account or placed in my trade journal (little book at home on my desk).

Biggest Success of the week.
Making weekly goal again and making monthly goal of 2.65% already (remember 2.65% is going to make me 40% per year the ultimate goal!)



Man I LOVE these guys!

[Big River Man]

A bit of analysis a paralysis this week. Risk ON through the markets. Was looking to sell the yen pairs. Pulled a few orders yesterday. Was a good idea as I would be close to some stops. However now the entries for short CJ, AJ, and NJ look even more juicy. Very close to entering the CJ short actually. We will see.

Currently short NU and AU. London open seems to be hitting the ComDolls nicely. However, there has been quite a move during last few sessions.

This last couple of weeks has got me thinking again to reduce the risk per trade to 0.25% rather than 0.50%. Last few weeks I have pulled trades because I didn't want to much exposure to JPY or AUD. It highlights the risks if I am short 4 yen pairs simultaneously and there is a large move them BAM 2% down. For the moment I am cherry picking 1 or 2. But it's quite possible the "basket" approach would be more profitable and I diversify my positions......

Well for now still finding my feet....just musing I guess.

I also feel that we may have a bit more ranging movements prior to Fed rate coming up. I plan to go into that day with no set orders or open orders. Hopefully....

Happy trading all.