First of all I thank you Big Mike for creating this wonderful forum. I would hope to continue my journey and learn new things.
My introduction is in the document. I suggest only novice read it as my story is similar to every other experienced trader. I wrote it down as a document as I would like to read it myself over the time so it would make me stay focused by remembering all the pain that caused me during the begining of my journey by not following rules i.e. Discipline Money management and Method.
UPDATE: I am trading with new method trading with Camrilla Pivot.
Please follow the link
End Goal:
I dont have an idea if it will really end. I will continue to trade and learn new technique and apply them. My end goal is of everyday, did I follow the rules/discipline that I planned in this journal and check how much far I am from devoting myself to become full time trader.
Purpose:
The purpose of trading is to become financial free (I dont think we ever live without need of money) and live my life being my own boss. Whenever I feel to take a day off, I should be. Worry free and spend as much as time with family/friends.
Strategy:
A simple pivot point strategy. The pivots are taken from yesterday NQ100 Futures Market but the values are from 9:30 am to 3.30 pm EST and apply them on 15 mins candle stick charts.
Stochastic indicator (10, 3, 3) will be applied as an additional confirmation.
No trading for first 15 mins i.e. 9.45 am and after 3.30 pm EST.
2% risk of my capital and always trail SL once the price is moving to my direction. At least keep $100 in pocket. If profit/loss, close the terminal and open simulation to control the emotions and also apply my technical in simulations.
Instrument: NQ100
Platform: Infinity AT with Sierra
Long entry when the price is just near the Pivot levels (Pivot, S1, S2) and Stochastics crossing near 20.
Short Entry When the price are near R1, R2 with Stochastics crossing down from 80 Levels.
Always wait for proper levels and crossover of stochastics. After proper levels are giving a signal, I would take trade only if the risk is falling under my 2% rule and follow trail SL until target is achieved.
Also apply Trend lines channels and watch important support/resistance levels on 15/30mins daily charts. If an opportunity and risk should not be more than 2% then trade.
Posted my so far journey in the attached file. The sheet is not so advanced but with basic data of my trades and successful charts. Few of my recent charts are missing in the sheet as I accidently deleted the folder. I am working on advance level of journal which Big Mike posted but some of the data is not relevant to me in that.
I will also post some of my readings from other forums here in my journal so it would be helpful for me and other fellow traders.