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Hey folks. In this journal I'll be sharing my trades on a daily basis including the indicators I'm using, my rationale for each trade, and my psychology surrounding each trade. I'm going to lay it all out there for your comments. My methodology is a work-in-progress and will most likely...

It's up to you but don't feel like you have to do it all, no one is truly successful by themselves, everyone has help somewhere along the line. Your method of selecting entry and exit points clearly works, all you have to do is look back at your impressive win/loss ratio to see that. Maybe...

Hey datamerc, long time no talk. I'm just as inspired today as I was when I started reading your 2007 journal. You are amazingly consistant with a high win/loss ratio the vast majority of the time. Unfortunately your bad days are killers. I agree with the other posters that you are very, very...

It's been awhile since I traded forex but I think what these other guys are trying to say is that there are no exact times when the "forex market" opens or closes in different time zones. Since there is no central exchange. Instead you get periods of greater or lesser activity during the periods...

Have you ever considered the possibility that you DO trade based on rules even on days like these? Subconscious rules that only appear to be gut feeling because you haven't quantified them.

Congratulations, datamerc! Feeling good and making a nice profit, can't beat that!

Is it my imagination or are you not making more money when you're feeling "off"?

7/20/07 1 Trade (1L) Long USD/JPY Entry: 122.100 @8:45 EST Exit: 121.890 @9:56 EST -21 points Total P/L: -0.5 points I tried going for a longer-term an bigger gain since most of my winnings are being eaten up by commission. So I gave the trade a little more breathing room on the...

7/19/07 1 Trade (1L) Long USD/JPY Entry: 122.140 @9:28 EST Exit: 122.070 @9:52 EST -7 points Total P/L: +20.5 points

7/18/07 3 Trades (2W, 1L) Trade 1 Long USD/JPY Entry: 122.080 @10:20 EST Exit: 121.970 @10:26 EST -11 points Trade 2 Short EUR/JPY Entry: 168.330 @23:34 EST Exit: 168.230 @00:22 EST 7/19/07 +10 points Trade 3 Short USD/JPY Entry: 121.960 @23:35 EST Exit: 121.880 @2:32 EST...

7/17/07 1 Trade (1W) Short EUR/JPY Entry: 168.360 Exit: 168.270 +9 points Total P/L: +20.5 IB messed up again with the time stamp so I'm not sure exactly when this trade was executed since I don't write it down at the time.

7/16/07 (Amended) Short USD/JPY Entry: 121.950 @20:26 EST Exit: 121.990 @20:32 EST -4 points Total P/L +11.5 points TWS messed up the in trade summary so I had to wait for the daily statement to get the time details on this trade.

7/16/07 1 Trade (1L) Long GBP/USD Entry: 2.03600 @20:55 EST Exit: 2.03530 @21:01 EST -7 points Total P/L: +15.5 points

7/15/07 1 Trade (1L) Long EUR/CHF Entry: 1.65700 @22:25 EST Exit: 1.65620 @1:55 EST 7/16/07 -8 points Total P/L: +22.5 points

Interesting. How do you execute your targets? Do you watch and exit when you see it hit the BB or do you have it automated somehow?

MidKnight, I haven't up to now but that's a good idea. I'll look into this week coming week. Thanks!

datamerc, how do you determine your stops and targets?

That's not a very helpful post. Why don't you just make your case as to what you think is a simpler and more effective approach?

7/13/07 1 Trade (1W) Long EUR/USD Entry: 1.37785 @10:44 EST Exit: 1.37950 @11:46 EST +16.5 points Total P/L: +30.5 points

07/12/07 3 Trades (2W, 1L) Trade 1 Short EUR/USD Entry: 1.3775 @11:50 EST Exit: 1.3784 @12:24 EST -9 points Trade 2 Short EUR/JPY Entry: 168.88 @23:21 EST Exit: 168.71 @02:18 EST 7/13/07 +17 points Trade 3 Short USD/JPY Entry: 122.53 @23:21 EST Exit: 122.37 @2:17 EST 7/13/07...