Date:14 Aug 2012 (Tues)
Venue: Home
Pair : CHF/USD Time frame: H1
Direction:Long
Result:+2R
Strategy: ABC Waves /Triple Divergence/Wave 4
Result
Tuesday, 14 August 2012
Breakeven-NZD/USD Daily 9 Aug 2-12-ABC Waves
Date: 9 Aug 2012 (Thurs)
Venue: Home
Pair : NZD/USD Time frame: Daily
Direction:Long
Result:
Strategy: ABC Waves 
Of course after entering this trade, there is a conflicting one looking real good. Lets see what happens...
Result: I got out of this trade early because I spotted an opposite divergence
-0.5R H4 7 Aug 2012 AUD/USD-Triple Divergence
Date: 7 Aug 2012 (Tue)
Venue:Home
Pair : AUD/USD Time frame: H4
Direction:Long
Result: --0.5R
Strategy: Triple Divergence
Well, I have followed the rules. So its ok whatever the outcome. The next double t divergence turned out to be +1R
If I were able to shrug this trade off, I would really have gotten into the next trade without much of batting an eyelid and netted +1R from this trade. Ah, again, the test of resilence, clarity and character shows up here.
Well, I have followed the rules. So its ok whatever the outcome. The next double t divergence turned out to be +1R
If I were able to shrug this trade off, I would really have gotten into the next trade without much of batting an eyelid and netted +1R from this trade. Ah, again, the test of resilence, clarity and character shows up here.
Tuesday, 7 August 2012
-1R CAD/USD H4- 6 Aug 2012-Double Divergence
Date: 6 Aug 2012 (Monday)
Venue:Home
Pair : CADUSD Time frame: H4
Direction:Long
Result: +1R
Strategy: Double Divergence
Fulfilled all the rules. Not sure where its going yet. After confirmation bar(arrow), the bars are all inside bars. It could break upwards or downwards. No one knows for sure yet. Whatever it is, I find that the quality of my decision is good and I should not keep hoping that the trade goes in my favour. Reason being:
1) The market doesnt really care about how I feel ; ( or for that matter how anyone feels. It will just go about to do what it wants to do. Whatever that happens will only be feedback to me. It cannot be info that I interpret as joyful or painful. Other wise I will always be stressed out by what the market does.
2) This is just one of the many many trades I will take in my trading journey and I didnt bet the farm on it(thank god). It will again be a waste of my emotions to let a single trade outcome affect me in any way.
Outcome
It was a -1R trade. Forget about adding 'ouch', cos its just one of many more trades to come to let my edge play out in the long run!
-1R CAD/USD Daily 30 Aug (Fri-NFP)-ABC Waves
Date: 3 Aug 2012 (Friday)
Venue: Home
Pair : CAD/USD Time frame: Daily
Direction:Long
Result: -1R
Strategy: ABC Waves 
I thought it looked like the picture perfect trade but too bad it didnt turn out. I did think that the SL of 60+ pips was too little for a daily chart but went along with it anyway.
Went for KH's booster session and learned something useful. the psychology of trading is so subtle that you wont even realise the following:
1)If you are fearful when you put on the trade, your mind will work in such a way that you will look for ways and means to get out of the trade. So you'll never be at peace with yourself when you are in a trade.
2)Most traders dont realise they have to move towards a tipping point where they no longer worry about the entry rules too much because its the exit rules that determines our final and overall profit after say, 100 trades.
3) He also went through the spread sheet and talked about trade expectancy. If its 0.3R, after a 100 trades its a positive 30R which is not too bad
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