16/11/ · IamHenri/Forex-Trading-Diary. This commit does not belong to any branch on this repository, and may belong to a fork outside of the repository. main. Switch branches/tags. Here is the trading diary I created in Don't hesitate to ask me to share this spreadsheet, I'll leave you a copy I'm very fortunate to have no other work commitments, I have plenty of savings and enough to fund a live trading account when I'm ready. I can sustain my current lifestyle and look after my 20/9/ · I'm now ready to start doing Demo Trading, but I want to create a simple trading Journal or Diary--because I hear that it's paramount to my success. But none of the books I View our fast-updating and interactive economic calendar for important events and releases that affect the forex, stocks and commodities markets ... read more
Forget the trading journal templates, sheets and trade logs you spent weeks building and then need to fill in on a daily basis! TradingDiary Pro is a user-friendly trading performance recorder with one-click import support, a wide range of configurations, useful statistics and practical reports.
The clear visual charts will help you to understand the true human nature of trading, avoid repeatedly making the same mistake, and control your behavior. Give yourself the chance to improve your performance, and become as good as you have always dreamt you would be.
Are you an active trader who makes a number of decisions and runs a number of trades each day? Then TradingDiary Pro will help you to easily record and retrieve past and present performance statistics.
Recording your transactions is just as important as examining the history of stock before entering a trade. Why is it essential? The idea is to keep a record of why you entered or exited a specific trade, what the circumstances were, and whether your decision was correct or not.
Using this information you can then learn from the past. Knowledge is power. A trading journal allows you to review your mistakes and successes. TradingDiary Pro will be your coach in your quest to develop a winning strategy and become a better trader.
Have you ever reviewed a past trade and wondered what happened? None of the technical analysis software, stock news sites or trader seminars can save you the time and effort of self appraisal.
Are you a strategic trader or a fun-loving one? Getting familiar with your habits is essential to success. Record keeping is critical to running an efficient business. A diary can improve your performance far more than you might ever have imagined.
If you have ever made a trading decision in a moment of excitement and you were sure you were making the best deal only to discover it was a huge mistake, then you will like TradingDiary Pro because it helps you to recognize these moments.
A trading journal is used to help you understand why you behaved in a specific manner, and so improve your approach in future. Keeping a journal helps you understand your motivations, and become a better trader. Before buying the software you can try if it meets all your requirements. The trial version is valid for 30 days and holds every feature as the original one except exporting from Capital Gains report. Please note that the software periodically communicates with the license servers to validate your trial.
After the trial period you can use the software in read only mode which means you cannot modify your TradingDiary Pro database anymore. Include Exclude. Show actual growth.
Custom Deposit. Custom Analysis. Cancel Clear Analyze. Commercial use and spam will not be tolerated, and may result in account termination. Add files My Forex Trading Diary Real USD , FXOpen , , MetaTrader 4. Discuss Copy. Copy With Signal Start. In order to copy this system to your account with a monthly subscription fee, send an invite to the trader so it becomes available through www.
Once the system is available, we will notify you by email. Cancel Send invite. Info Stats General. TWR measurement is required by the Global Investment Performance Standards published by the CFA Institute. Its distinguishing characteristic is that cash inflows, cash outflows and amounts invested over different time periods have no impact on the return. Loading, please wait Pips Lots Change Percentage Profit Pips Export HTML CSV PDF. Chart Growth Balance Profit Drawdown. No data to display.
Trading Periods Goals Browser. Tip: Hold shift to select a period to zoom into. M1 M5 M15 M30 H1 H4 D1 W1 MN. Open Trades Closed Trades Events. Pips Profit. Growth Pips Profit Lots. Winners Vs. Losers Longs Vs. Shorts Longs Profit Vs. Shorts Profit Winners Profit Vs.
Losers Losses. Pips Gain Profit. MAE Vs. Trade Outcome MFE Vs. Trade Outcome MAE Vs. MFE - Winners Vs. Trade Length: 1d. Profit Factor: 1. A GHPR GHPR: 0. Data includes last transactions based on the analysed history. Trading Activity Open Trades 0 Open Orders 0 History 0 Exposure. Open Date Symbol Action Lots Open Price SL Pips TP Pips Profit USD Pips Swap Gain Total:. Change Profit Lots Pips. Monthly Analytics Other Systems by narongrit Name Gain Drawdown Pips Trading Leverage Type Trailing Growth Terms Privacy Site Map Site Map Calendar.
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Moments after entering into the market and you are already experiencing a massive return, stops are placed at break even and you can relax for the day knowing you are no longer at any risk of loss.
This is how it feels to take a Forexia style reversal trade off the highs or lows. How many times have you bought into a breakout of the highs only to see the market instantly reverse against you? Almost like the market knows exactly when you are entering and does the exact opposite just to piss you off. Before I started to trade, I studied human psychology and neuro-linguistic programming.
My understanding of human psychology helped me achieve my breakthrough in trading. You see, as humans, we are always given multiple options. What matters is you are playing their game with rules they created FOR YOU.
We see the obvious Asian session consolidation depicted in the pink boxes, the next session is London session which we know as the induction or breakout session. Each day there is a new high and low that is created. These patterns occur on all scales and on all timeframes. The timeframe above is the 15m, here we can clearly see the structure of the different sessions that occur on a daily basis.
The breakout traders are induced to buy or sell in the direction of the breakout, shortly after the market will reverse and hit the stops of the dumb money.
The best sessions to trade are London Session and New York Session. These sessions will present the best reversal setups. Asian session should be avoided as there is very little movement.
Above we can see another great example, this time of the New York session reversal setup after an extended period of Asian consolidation. This is a universal guide to trading M and W formations on any pair in Forex. This works on all timeframes under the daily timeframe.
We recommend backtesting everything we have highlighted in this post for greater clarity of the power you are tapping into! Asian session consolidation normally consists of price ranging back and forth in the same zone for an extended period of time. This consolidation period can range from 8 to 15 hours.
Trying to trade M and W formations inside of this consolidation is a huge no-no! The M and W pattern is the most lucrative trading strategy that exists.
The W pattern is very simple to understand when you can put the confirmations together. A valid W pattern is found only at the low of the day during either London or New York session. The Asian session is known as the consolidation session which traps traders who use support and resistance to trade. After creating a clear consolidation range, the price will then break out of this consolidation.
After the majority of the masses have committed the dealer then moves in the opposite direction of the breakout trapping those who have already committed into the direction of the breakout. Asian session consolidation is used as the comfort zone in which retail traders mark up support and resistance. In the example above we see the London session breakout to the downside causing retail to sell, then New York session reverses the market against the dumb money sellers induced London session.
The M pattern is the exact same as the W pattern with the only exception being all the rules are inverse. A valid M formation is only found at the high of the day after Asian session. The breakout in this case is also extremely necessary to induce the masses in the wrong direction.
The masses may be dumb, but they are not that dumb. They will always continue to look for confirmation in order to validate their trades.
So, we must understand the reverse psychology behind why the M and W pattern is such an effective reversal strategy. The confirmation that the masses use to determine a trend is the creation of higher highs and higher lows in the case of an uptrend. In the case of a downtrend, the masses look for lower highs and lower lows to make their confirmation. The neckline of the M or W pattern will always be where the lower high or higher low is formed.
Above we can see that after the neckline lower high has been created there is a volatile move past the low and a lower low is created. The goal is to get a zero drawdown entry by taking our trade off the exact high of the day. M or W pattern trading is otherwise called the double top or double bottom.
We have an entire world of confirmations that are used in conjunction with validating an M or W setup. Above we can see 8 different confirmations for this single trade.
This is a perfect example of the zero drawdown strategy put into action with multiple confirmations to back up your thesis. The next time you analyze the for M or W formations be sure to take these confirmations into mind and remember the more confirmations the better.
Below is a list of all the confirmations seen in the screenshot above. Now we have a clear vision of why the market did what it did. Clearly a reversal was pending and we just connected the dots by stacking confirmation on confirmation.
Many more confirmations exist to help you to validate the trade. In our next blog post we overview the many different confirmations that exist. Above is a setup that could be framed and hung on a wall in my bedroom to be looked at and admired for a lifetime. Our SignatureTrade weekly reversal structure is my personal favorite setup.
The risk vs reward potential on these setups far surpasses any other type of M or W trade formations. What makes our SignatureTrade different from other M and W formations is the wedge pattern located in the middle of the structure and also the many confirmations that we use to validate the pattern.
In our next blog post, we overview the many different confirmations that exist. EURJPY — Before Live Analysis. USDCAD — Before Live Analysis. Hit enter to search or ESC to close. Become a trader. How to trade M and W Patterns Zero Drawdown Strategy. Home Educational Content How to trade M and W Patterns Zero Drawdown Strategy.
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20/9/ · I'm now ready to start doing Demo Trading, but I want to create a simple trading Journal or Diary--because I hear that it's paramount to my success. But none of the books I I'm very fortunate to have no other work commitments, I have plenty of savings and enough to fund a live trading account when I'm ready. I can sustain my current lifestyle and look after my View our fast-updating and interactive economic calendar for important events and releases that affect the forex, stocks and commodities markets Here is the trading diary I created in Don't hesitate to ask me to share this spreadsheet, I'll leave you a copy 16/11/ · IamHenri/Forex-Trading-Diary. This commit does not belong to any branch on this repository, and may belong to a fork outside of the repository. main. Switch branches/tags. ... read more
A diary can improve your performance far more than you might ever have imagined. Once the system is available, we will notify you by email. Losers Losses. Analyze by Open time. Commercial use and spam will not be tolerated, and may result in account termination. Privacy practices may vary, for example, based on the features you use or your age.Trying to trade M and W formations inside of this consolidation is a huge no-no! Keep all your trading ideas and trading analysis, m forex trading diary, tips, and important info in one place. App Store Preview. Include Exclude. TradingDiary Pro is a user-friendly trading performance recorder with one-click import support, a wide range of configurations, useful statistics and practical reports.