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    Thread: moneygrow's trading journal

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    1. #1
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      Default moneygrow's trading journal

      Hi everyone!

      I decided to open my personal trading journal as a way for me to keep track of trading activities.

      My trading style is pretty simple, hence the title K.I.S.S which means Keep It Simple Sir

      I will be only be using basic support and resistance (S&R).

      I dont have any particular favorite pair. I tend to trade variety of pairs depending on setup i see.

      I dont have specific target, be it in percentage, amount or time. My only target is profit

      I will update this thread as often as i can starting from today


    2. The following 15 users say Thank You to moneygrows for this useful post.

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      Quote Originally Posted by moneygrows View Post
      Hi everyone!

      I decided to open my personal trading journal as a way for me to keep track of trading activities.

      My trading style is pretty simple, hence the title K.I.S.S which means Keep It Simple Sir

      I will be only be using basic support and resistance (S&R).

      I dont have any particular favorite pair. I tend to trade variety of pairs depending on setup i see.

      I dont have specific target, be it in percentage, amount or time. My only target is profit

      I will update this thread as often as i can starting from today
      More resident on this section. Awesome!
      Looking forward for your posts


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    5. #3
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      Quote Originally Posted by PhAnToMtRaDeR79 View Post
      More resident on this section. Awesome!
      Looking forward for your posts
      Really, dont expect anything fancy. Even my chart will be dull to look at hahahahaha


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    7. #4
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      Quote Originally Posted by moneygrows View Post
      Really, dont expect anything fancy. Even my chart will be dull to look at hahahahaha
      I really like the simplicity of your trading style and wish I could replicate it in my own method. Even the simplicity of the charts re-echoes my firm conviction that charts do not tell the entire story. Many latent variables cannot be explained by the chart patterns because of the phenomenon of randomness!


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      Quote Originally Posted by Obie View Post
      I really like the simplicity of your trading style and wish I could replicate it in my own method. Even the simplicity of the charts re-echoes my firm conviction that charts do not tell the entire story. Many latent variables cannot be explained by the chart patterns because of the phenomenon of randomness!
      A simple trading style is joy to traders,making things complicated will only add to our problems,i see charts of some traders and you are there wondering if this is Forex or something,you can not even see the price,that is not good for a trader who want to succeed,the simpler your trading style the better not only for you but others too.


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      Quote Originally Posted by bigani View Post
      A simple trading style is joy to traders,making things complicated will only add to our problems,i see charts of some traders and you are there wondering if this is Forex or something,you can not even see the price,that is not good for a trader who want to succeed,the simpler your trading style the better not only for you but others too.
      The best things in life come simple i was once told by a philosopher; this is why i too find it interesting that you trading strategy is very simple to understand and to use too. new traders always think that it is by making the strategy complex that you will make in life. This mindset is however not the case with trading as well as many thing in life. So just like bigani said ' a simple trading system is joy to traders'.


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    13. #7
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      yes he thing with us price action traders is that we use plain charts so our trading seems to be boring but the truth is that we trade a very complicated market that needs a simple trading strategy and nothing beats price action in terms of simplicity and profitability hope you perform well in your trades


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      Quote Originally Posted by moneygrows View Post
      Really, dont expect anything fancy. Even my chart will be dull to look at hahahahaha
      those traders that use support and resistance to trade don't try to make there charts to look fancy but there trading statement is fancy due to the fact that they make a lot of profits from this strategy i recently started using the weekly s/r and it has really improved my performance

      ---------- Post added at 05:32 PM ---------- Previous post was at 05:26 PM ----------

      Quote Originally Posted by moneygrows View Post
      Sorry guys, not much to update today. Been busy the whole day, no time to trade. Took the liberty to close all my positions and requested my withdrawal. Was surprised to see it was processed smoothly in 10 hours time!

      Attachment 71055
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    17. #9
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      wow another moderator thread. very nice. let's see how you do this.

      do you have any general guidelines as to how you go about finding your trades? what is interesting to you?

      The Symbiosis mashed up Trading Journal
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    19. #10
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      Quote Originally Posted by Alexander Tatsumaki View Post
      wow another moderator thread. very nice. let's see how you do this.

      do you have any general guidelines as to how you go about finding your trades? what is interesting to you?
      My general guidelines are as follow :

      1. Determine the trend using bigger timeframes (MN, W1, D1)
      2. Determine S&R using D1 and H4
      3. Determine my position using H1 and H4. Some positions will be against the bigger timeframes if i see opportunity to go with reversal
      4. Determine my entry point using smaller timeframes (M1, M5, M15, M30, H1)
      5. As for exit i dont have specific guideline. It could be the furthest TP, it could base on $$ profit, etc. I exist when i wish


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