Trading
Control your losses and your gains will take care of the rest.
Al Pickett
Candle
- high
- low
- open
- close
Trends
- higher high
- lower low
Support
- Buyers are coming in
- Bearish candle followed by a Bullish
Resistance
- Sellers are coming in
- Bullish candle followed by a Bearish
Time Frames
- Monthly
- Weekly
- Daily
- 4 Hour
- 1 Hour
-
30 Minute -
15 Minute -
5 Minute -
1 Minute
When I'm looking at a chart, I have 2 plans.
- A long plan
- A short plan
NYC activity starts = 8:30 am to 10:30 am CST
New 4 Hour candle at 9am CST
Outcome is random. Process is consistent.
Activity time(CST)
Currency Pairs anything GBP(dominant pairs) JPY
- 2m-4am
- 5am-7am
- done by 10am
Indexes NAS US30 SPX
- 2am-4am
- 5am-7am
- 8:30am - 10:30am
- 2:30pm-3pm
Levels, Levels, Levels (Support and Resistance)
Volume(position size), determined for the week.
https://www.forex.com/en-us/support/margin-pip-calculator/
Focus on the process, not the profits
Al
My Plan
Trading is easy
I buy what's going up.
I sell what's going down.
Journal is an honest conversation with yourself. Where you are and where you want to be.
Results
Weekending 11/5/2021 -37
- -37 pips | Hit SL
- 0 pips | Hit BE
Weekending 11/12/2021 -26
- -26 pips | Closed at 3:30pm Friday
Weekending 11/19/2021 0
- 0 pips | Hit BE
Weekending 11/26/2021 0
- 0 pips | No Order
Weekending 1/14/2022 +53
- -38 pips | Hit SL
- +91 pips | Hit TP
Weekending 1/21/2022 -63
- -38 pips | Hit SL
- -25 pips | Hit SL
Weekending 3/4/2022 +137
- +67 pips | Hit TP
- +70 pips | Hit adjusted SL
Weekending 3/11/2022 -31
- -16 pips | Hit SL
- -15 pips | Hit SL
Weekending 3/18/2022 0
- 0 pips | No Trades
Weekending 3/25/2022 -26
- 14 pips | Hit Adjusted SL for profit
- -40 pips | Hit SL
Weekending 4/1/2022 -95
- -53 pips | Hit SL
- -42 pips | Hit SL
Weekending 4/8/2022 +57
- +57 pips | Hit adjusted SL for profit
- Tried to put on Trailing slash, but hit just after setting it 15 pips
Weekending 4/15/2022 -72
- -30 pips | Hit adjusted SL
- -42 pips | Hit SL
Weekending 4/22/2022 -27
- -27 pips | Hit SL
Weekending 4/29/2022 +145
- +145 pips | Hit Adjusted SL for profit
Weekending 5/6/2022 0
- No trades | GBPJPY moved while going to Spin class
Weekending 5/13/2022 -154
- 0 | Hit BE adjusted SL
- -38 | Hit Adjusted SL
- -9 | Close after reevaluation of entry
- -107 | Hit SL (I didn't wait for 4H close)
Weekending 5/20/2022 +146
- -68 | Hit SL
- -57 | Hit SL
- 271 | Hit Trailing Stop 100 pips once trade was 120
Weekending 5/27/2022 0
- No Trades | Offline Vacation in Destin
Weekending 6/3/2022 0
- No Trades | Short week, returning from Vacation in Destin
Weekending 6/10/2022 -31
-
5 | Hit BE adjusted SL
- Adjusted SL to leave house, if I had not adjusted TP would have been 300 pips.
- -36 | Hit SL
Weekending 6/17/2022 -131
- -89 | Hit SL
- -42 | Hit Adjusted SL
Weekending 6/24/2022 0
- No Trades | Trip to ATL with Dad
Weekending 7/1/2022 -63
- -30 | Hit Adjusted SL
- -33 | Hit SL
Videos from Al
- Trend Types https://youtu.be/hX5OJ3xpQ00
-
BOS (Break of Structure) & CHOCH (Change of Character)
https://youtu.be/PcQf37jUWrM -
The Blackprint: Rewire to Win
https://youtu.be/2DLW7-UQBLc - The Blackprint: Swing trading and scalping with precision https://youtu.be/0ujQy2RzQ9o
- How to blend candles for more precision https://youtu.be/dTGYR6Ptd7Y
- Understanding market imbalance for better entries, exits and risk management https://youtu.be/pSJ3J5TBWns
Videos shared by Al
- How to learn to be consistent faster https://youtu.be/uT_GcOGEFsk
Images
