Welcome to NexusFi: the best trading community on the planet, with over 150,000 members Sign Up Now for Free
Genuine reviews from real traders, not fake reviews from stealth vendors
Quality education from leading professional traders
We are a friendly, helpful, and positive community
We do not tolerate rude behavior, trolling, or vendors advertising in posts
We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community. It's free for basic access, or support us by becoming an Elite Member -- see if you qualify for a discount below.
-- Big Mike, Site Administrator
(If you already have an account, login at the top of the page)
For the March contest I believe you are required to post at least one chart showing your trade or video showing your trade. It certainly makes it easier to follow - I doubt if anyone has the time to go back and re-plot your fills on a chart.
Since you have stated retracement and SR trading it would be good to show those on the chart as well as the entries and exits.
..........
peace, love and joy to you
.........
Can you help answer these questions from other members on NexusFi?
hey -bh -i did not know there was a contest for this journal -sorry to have interupted it -just so you know i will pm you my daily results -i had just signed on the site when i saw your original post -no trades taken today
After a rough start with the choppy, and sideways days. I spent sometime reviewing my strategy.
Strategy:
Review overnight
Major moves overnight will generally cause regular trading hours to move in small range 3-5 pts
Gaps from previous days close
Large Gaps can be retraced
Small Gaps unlikely to be retraced
News - watch for major reports, stay out of market until after
*** Use fib's & Daily Trend, Supp/Res - my major indication of direction
I started back yesterday with my live account.
Trading 1 contract with targets of 1 pt, 1.5 pts and 2 pts. Depends on the overnight activity
I left all my drawings and fibs
My Goal is to only have one trade per day.
One trade requires more discipline and waiting but I believe it will make me more successful.
My Goal for the next 8 days is to have a Plus day every day.
When I close my trade my workday is done!
I have time to do other things.
After my 10 days I will reassess my strategy.
I will add more contracts to my trades.
First 10 days - 1 contract
Second 10 days - 2 contracts etc
Goal is to trade 10 contracts
I found Monday march 26 as a distracting day and found myself not following my rules.
Six trade and down 9.75 point. This only shows the importance of following rules and what happens when distracted.
Today Tuesday March 27, was much better considering I usually loss on sideways and small range days.
Three trades today and up 1 point.
My morning predictions was a downward move to 1409.75 and if breaks a target of 1405.75.
My last trade of the day had to be closed at 3:43pm since i have to pickup kids.
In the spirit of our March Trading Journal contest, I am asking everyone to spend a few minutes and share their journaling experience.
A) What are the top five benefits you have seen as a result of regularly posting in this journal?
B) What are the top five problem areas you have identified as a result of regularly posting in this journal?
C) Were you initially reluctant to start this trading journal? If yes, why?
D) How do you feel, overall, about your journaling experience?
E) Would you recommend to others that they should also start a trading journal?
Thank you for taking the time to answer my questions. I appreciate your posts, and I hope you have benefited from your journal. I also know that others will benefit as well, just by reading about your own experiences.