Am creating this journal for the primary reason to indicate my gold positions exit, the entry signal was on the Surf Report....
As I started this on Surf's Journal, thought best to create my own.
This post was exiting gold at the top: https://www.elitetrader.com/et/threads/surf-report.306890/page-42#post-4414846
This post was entering gold at the bottom of a pullback: https://www.elitetrader.com/et/threads/surf-report.306890/page-106#post-4422492
https://www.elitetrader.com/et/threads/surf-report.306890/page-127#post-4425159
I'm not sure how long this journal will run, will play by ear as time rolls along.
Briefly a background;
Live in Western Australia, retired recently, have time on my hands to post more frequently as from when I was employed.
Fitter & Turner (machinist/Fitter) by trade, Advanced trade cert, 1st Class Steam (boilers) cert, Restricted Electrical ticket.
Have been off the tools many years, went into sales of industrial equipment, boiler components, gas and oil burners, valves-all sorts, steel, pipe, fittings, importing and exporting etc.
Have been trading 40 odd years, use and code in Amibroker but not a lot of coding is done these days.
Self taught through the school of hard knocks, in the early days read lots of trading books, currently have 34 trading books in my bookshelf, borrowed numerous more books from Libraries.
Spent many years creating my own indicators.
Went into auto trading futures using SierraCharts and IB, created my own algos.
I found IB was very problematic in tandem with SierraCharts, so finally due to much anxiety/stress threw in this project. (too many long hours)
I was left with the impression that autotrading is probably best done as a team thing event, Coder / Trader / IT Person / Accounts-paperwork-tax.
The autotrading venture taught me better how the market operates.
Subsequently I have gone back to trading stocks and the win rate has now been very high.
In Australia, the choices for trading is very limited in my opinion.
The brokerages here are mainly collared by the big four banks.
Other than that online trading here is substandard.
We have IB, probably the best, but I find it over engineered and due to so many bugs and other reasons have closed my account with them.
Unfortunately we do not have the range of stocks as in USA, eg IT stocks are basically non existent.
Our strength here is resource companies, in particular gold.
If I ignore a lot of queries etc, its because I'm not here to prove anything other than long term trading entries / exits / wins.
Am not here to divulge my system, but its EOD discretionary price action gained from years of screen time and research.
My system is nothing you will read about, I can never recall anyone mentioning the primary method I use.
Stocks are all ASX, prices in AUD, for the most part resources.
I manage 3 trading accounts.
Account #1 is low to mid 5 figures
Account #2 is mid 6 figures
Account #3 is low 7 figures
On entries and exits, will trade all 3 accounts simultaneously, usually attempt to be around 80% financially engaged.
Currrently long ASX gold Stocks, EVN, NCM, NST, RRL, RSG, SAR, SBM
As I started this on Surf's Journal, thought best to create my own.
This post was exiting gold at the top: https://www.elitetrader.com/et/threads/surf-report.306890/page-42#post-4414846
This post was entering gold at the bottom of a pullback: https://www.elitetrader.com/et/threads/surf-report.306890/page-106#post-4422492
https://www.elitetrader.com/et/threads/surf-report.306890/page-127#post-4425159
I'm not sure how long this journal will run, will play by ear as time rolls along.
Briefly a background;
Live in Western Australia, retired recently, have time on my hands to post more frequently as from when I was employed.
Fitter & Turner (machinist/Fitter) by trade, Advanced trade cert, 1st Class Steam (boilers) cert, Restricted Electrical ticket.
Have been off the tools many years, went into sales of industrial equipment, boiler components, gas and oil burners, valves-all sorts, steel, pipe, fittings, importing and exporting etc.
Have been trading 40 odd years, use and code in Amibroker but not a lot of coding is done these days.
Self taught through the school of hard knocks, in the early days read lots of trading books, currently have 34 trading books in my bookshelf, borrowed numerous more books from Libraries.
Spent many years creating my own indicators.
Went into auto trading futures using SierraCharts and IB, created my own algos.
I found IB was very problematic in tandem with SierraCharts, so finally due to much anxiety/stress threw in this project. (too many long hours)
I was left with the impression that autotrading is probably best done as a team thing event, Coder / Trader / IT Person / Accounts-paperwork-tax.
The autotrading venture taught me better how the market operates.
Subsequently I have gone back to trading stocks and the win rate has now been very high.
In Australia, the choices for trading is very limited in my opinion.
The brokerages here are mainly collared by the big four banks.
Other than that online trading here is substandard.
We have IB, probably the best, but I find it over engineered and due to so many bugs and other reasons have closed my account with them.
Unfortunately we do not have the range of stocks as in USA, eg IT stocks are basically non existent.
Our strength here is resource companies, in particular gold.
If I ignore a lot of queries etc, its because I'm not here to prove anything other than long term trading entries / exits / wins.
Am not here to divulge my system, but its EOD discretionary price action gained from years of screen time and research.
My system is nothing you will read about, I can never recall anyone mentioning the primary method I use.
Stocks are all ASX, prices in AUD, for the most part resources.
I manage 3 trading accounts.
Account #1 is low to mid 5 figures
Account #2 is mid 6 figures
Account #3 is low 7 figures
On entries and exits, will trade all 3 accounts simultaneously, usually attempt to be around 80% financially engaged.
Currrently long ASX gold Stocks, EVN, NCM, NST, RRL, RSG, SAR, SBM
