Needing help!

[AspiringTrader.]

Hi, hate to be a pain in the **** but i was wondering if some of you guys could quickly look at my journal ** it's only 4 pages long so don't worry **. Having trouble, lots of it. I started my journal mainly because i couldn't follow my trading plan, which was killing me because i was constantly stuffing up winning trades, always cut losses that was never a problem, but was just bailing on winning trades.

Anyway you guys have heard all that bull**** before, BUTTT since starting my journal(4 trades in) I've been sticking to my plan really really well, But now i can't catch a break on a winning trade... i know i know.. It's only 4 trades, but i was confident in them, and i literally got ass raped(er, well not literally ,but you know what i mean), well if i didn't have a stop anyway i would have. But they did literally bomb out big time on me.

So i was wondering if you guys could have a quick look at the charts i posted to have a quick look at my strategy to see if it's just a bad week or i just don't know what i'm doing, i posted live calls before entry with setups, during trade and after trade charts. small comentary on my posistions as well

Would mean a lot,
http://www.trade2win.com/boards/trading-journals/133538-apprentices-journal.html

Cheers
Struggling AT.

 

[AspiringTrader.]

pleeasseee!

 

[ichi]

Hi,

generally, I think you have a good approach to the way you trade. Simple price action with S&R. I use this approach as well. Just a few suggestions from my point of view.

1) Try to look at higher TF than 1Hr as well. Eg 4Hr and Daily. Weekly for trend. If you notice in your post #29 on Sep 6 16:00, there's a fakey. The 17:00hr red candle is over half the body of 16:00, and then the 1800hr candle becomes engulfing with short lower wick (selling strength > buying). If you look at the 4hr chart, its a very big pin bar with very long upper wick..from there on, its opportunity to short or exit your long trades.

2) Looking at weekly TF you can see that gbp/usd is bearish for at least 2 weeks already. So i think betting against this short term "trend" is a bit risky.

3) I don't know if you are playing more than 1 instrument. I suggest you be good (and very good) at 1 eg gbp/usd.


Other than that, quite a well done journal you have and keep it up.

 

[AspiringTrader.]

Hi,

generally, I think you have a good approach to the way you trade. Simple price action with S&R. I use this approach as well. Just a few suggestions from my point of view.

1) Try to look at higher TF than 1Hr as well. Eg 4Hr and Daily. Weekly for trend. If you notice in your post #29 on Sep 6 16:00, there's a fakey. The 17:00hr red candle is over half the body of 16:00, and then the 1800hr candle becomes engulfing with short lower wick (selling strength > buying). If you look at the 4hr chart, its a very big pin bar with very long upper wick..from there on, its opportunity to short or exit your long trades.

2) Looking at weekly TF you can see that gbp/usd is bearish for at least 2 weeks already. So i think betting against this short term "trend" is a bit risky.

3) I don't know if you are playing more than 1 instrument. I suggest you be good (and very good) at 1 eg gbp/usd.


Other than that, quite a well done journal you have and keep it up.

Thanks for taking the time to read my journal mate and cheers for the advice, will be definitely taking on board.

AT.