6th Feb '16

Still making similar mistakes. The biggest is not putting SL while taking a trade.

Most trade are PB trades which are going fine but I need to incorporate SL properly to see consistency.

Paper trades on 8E21S strategy is going superb. Since implementation of the strategy on 11/12, the success rate is 94%. The best part of the strategy along with my modifications is that the max loss on any trade can be 32 points per lot and the max win is unlimited.

The RR is 2.4

Paper Trades:
Nov Month : 28.5 Points
Dec Month : 119.5 Points

Date  : Net Points (including all costs)
04/01 :   51.2 (Trade exit date).
08/01 : 301.1 (Trade exit date).
13/01 : 166.3 (Trade exit date).
19/01 : 148.1 (Trade exit date).
21/01 :   84.1 (Trade exit date).
25/01 :     2.1 (Trade exit date).

Jan Month : 753.0 Points

Date  : Net Points (including all costs)
02/02 :  161.3 (Trade exit date).
04/02 :  122.3 (Trade exit date).

Feb Month : 283.5 Points

All I need to do is implement the same in my current plan or at least get out of trades @ 22 points. Have not been able to replicate due to a lot of biases however have to have a firm resolve of implementation alongwith SL management.

Date  : Net Points (including all costs)
08/01 :   44.6 (Trade exit date).
11/01 : 106.1 (Trade exit date).
12/01 :     5.9 (Trade exit date).
13/01 : 150.1 (Trade exit date).
15/01 :   11.2 (Trade exit date).
28/01 : - 74.3 (Trade exit date).

Jan Month : 243.6 Points

Date  : Net Points (including all costs)
01/02 :    47.8 (Trade exit date).
03/02 :  - 60.7 (Trade Active).

Feb Month : - 13.0 Points

I missed my Jan target due to my poor trade management and am down in Feb due to poor SL management.

However, I will only get better from here.

I will achieve and exceed what I am aiming for.

11th Jan '16

A very beautiful beginning indeed.

Paper Trades:
Nov Month : 28.5 Points
Dec Month : 119.5 Points

Date  : Net Points (including all costs)
04/01 :  51.2 (Trade exit date).
08/01 : 301.1 (Trade exit date).

Jan Month : 352.3 Points

Started live trades on 08/01 with TWO lots. Since there was no entry as per the 8E21S method, I started doing some price action trading. Primarily PB and BO trades.

Have been fortunate enough to have entered and exited at right places.

Highlights:
1. Have been able to curb impulse trades. However juicy it seemed, have not entered at EOD.
2. Have not looked at getting big profits, its all have been to have a positive day i.e. capital preservation is first priority.
3. Kept SL as soon as entered the trades.

Date  : Net Points (including all costs)
08/01 :   44.6 (Trade exit date).
11/01 : 106.0 (Trade exit date).

Jan Month : 150.6 Points

Now I need to ensure that I keep a sane head and keep nibbling on my target of 300 points. I will not be available the next week so will not keep any open trade past this Friday 15th Jan.

May I achieve what I wish for.

1st Jan '16

A Brand New Year.

Good beginning to the year. Started paper trading with TWO lots now.

As per plan, booked ONE lot at 1.5 R.

Nov Month : 28.5 Points
Dec Month : 119.5 Points

Date  : Net Points (including all costs)
01/01 : 53.5 (Exit date will change when both lots are liquidated)

Jan Month : 53.5 Points

May I achieve what I wish for.