Forex Journal Do's and Don'ts (Podcast Episode 11)

[@miketimes1047]

8 banks have thumbed down this video ... So much value.

[@Swwaggnifficent]

Love it...Those are the haters. VP speaks da truth!!!

[@rodrigorossini4870]

now, it's 14 banks..kkkk

[@halifaso2622]

@@Swwaggnifficent now its it 17 banks🤣🤣

[@debbiedoesanything1976]

This is one of the best videos to learn from, exposing yourself and your errors are the best things to do in order to succeed. Props to you, VP. Thank you

[@johnathangrey3463]

What a kickass, badass trader this dude is. Everybody likes to talk about what the currency wars is. At least VP tells it like it really is.

[@alisashikondjo3661]

Listening to you made me get rid of all the trash saved on my channels. Thank you is not enough

[@danstone3673]

This video actually created time for me. I've used a variety of journals (some downloaded templates, some self created) and all were a bit long in the tooth with regard to the number of entry fields. Every nuance of every trade had a spot and frankly, it was kind of a pain in the ass to keep track of everything. I tried your version and of course it was obvious that all the information recorded in that handful of columns was all that I need. Thinking back, I realized that while keeping a journal is generally advocated by "mentors" and "trainers", they really never delved into the details of what to record and even more important; why. After all, why have extraneous data if it holds little value?

[@mic7996]

I have a Ph.D. in inorganic chemistry (that is now effectively useless) and keeping an accurate, objective, and easy-to-understand journal is imperative to reaching any goal. V.P., you are on point.

[@epsilon3821]

What happened to the chemistry prospects? Low demand?

[@Canopusparadise]

this episode was so useful for me. my journal looked like a map going nowhere and it was so complicated I hated it, I always felt sth was wrong but couldn't figure it out. thanks VP

[@meditateandwin5916]

I have consistently maintained Journal. Immensely helpful. My components of Journal are date, time, pair, news vs. No news session, price executed, expected exit, maximun draw down pips, pips gained or left on table, reason even if I am positive on trade, comment on my emotional state at the time of trade, and finally comment on what I learned from the trade. I do learning comment for every trade, regardless of the results. I snap shot the chart using Microsoft windows tool. Again, thanks for your time.

[@tyronejohnson77]

This is probably by far the best and most helpful video to me on this channel so far...and there is A LOT of really helpful videos here

[@kookokooko-xg5uo]

Dude, wtf I WAS LOOKING FOR HOW TO JOURNAL PROERLY AND HERE THIS VIDEO IS!!!

[@Mwd12345]

Great podcast - thanks for the content! I have one extra section in my spreadsheet called 'potential profit' where I compare the profit that would have been made on the second half of my trade using various SL trailing methods (example: a 1ATR trailing stop adjusted at the close of each daily candle; same using a 1.5ATR; using a 2ATR; trailing using the low of the last 3 candles, trailing using a 13EMA etc). Over a long period of time, if one of these proves to be more profitable than my current trailing method, I will have confidence to update my algo.

[@omerabdalaziz8593]

i never see something like this since i start in 2015 , dear VP i can't thank you enough your martial are very helpful , please keep it and keep it on , i am so addictive to those broadcast , i will consumed in few days . Omer - from Sudan

[@0xAcy]

Thanks again, can’t wait till next monday!!

[@ivanbollozos9020]

i was looking for a simple journal. . it really going to help me with this. . thanks a lot about this VP.

[@christiana2483]

This... I really needed know. I had started a journal but also included entries, exits and stops in the spreadsheets and even some formulaes. But the screenshot is way less maintenance and more to the point. Many thanks!

[@christianvenedictespino7629]

For Quick Reference record of my LOG I insert a TEXT on MT4 screen then make the name in Numbers. Positive numbers for WIN trades and Negative Numbers on losing trades. And Put the ACTUAL PIPS on the DESCRIPTION! You can see a summarized list by going to OBJECT window or CTRL+B. You can sort it by name and from that you can see all the negatives and positives for quick reference. This can be used for logging the indicator PERCENTAGE wise and PIP wise. 2 work in 1 SYSTEM! In addition save the work as TEMPLATE for future reference in case you need to comeback again to compare it to your new indicators or if you want to tweak something. I hope this will give others to save more time for THOROUGH back testing!

[@laurenh978]

If you are still doing forex, can you please explain what you wrote? lol i'm trying to do this on my sheet

[@jordanselby44]

5 star and a comment left on the podcast! VP your the man! Cant thank you enough

[@nickp9910]

My room looks like a notebook factory that was hit by a bomb. Notes everywhere. Still struggling to have one notebook with just the essential take-aways. I try to take the meat of what you are saying and enshrine it in blue ink. But then you start the freaking monologging and I want to turn off the damn episode and go to the next one, but I am so addicted and I am afraid I will lose a gem, so I'm white-knuckled hanging on. In the end, I listen everything to the end, twice. The worst part? I am pissed off cause it has kept me from the following video or podcast. If it was easy, someone else would have done it. I'm still a crazy-ass fan!

[@GerritGericke]

Thank you VP... for being a good human

[@i.mrecinos9556]

this info has me blow away.. thank you sir

[@dangeloaugustok]

Thanks VP! I'm translating all babypips school lessons to study, and making a journal from the very start, I wouldn't be so careful building my strategy if wasn't for you, thank you.

[@vonlegendre8615]

This doesnt just apply to trading. You can use this in life as a whole

[@Dalbinj]

This is something that I was missing... I never did it till now... you open my eyes...

[@albertsaxen8309]

Love this/answer; this refining ..like diving into your data say you find out you trade best on select days. Ok. Cool. Now again..and again ..you whittle that down to ..essentially not trading anymore? How d’you know if the bad days (you cut) will become good again, suddenly spring to life? Not tracking them now .. great tips; journaling; ya a journal shouldn't be "Dear diary ..”

[@Subliminal-b5s]

today i was thinking about start my forex journal cause it makes a lot of sense

[@balanceddeals]

I really enjoy your way of teaching

[@Britolass]

oh Man really, I cannot be more thankful to you. I did search for this information and than a had found hard to implement them due to complexity. You are different and this is very good.

[@noname-yh2fv]

this should be titled journaling made easy! another awesome one!

[@lisacossa6598]

Thanks so much for your content 🙏🏽🙏🏽🙏🏽🙏🏽🙏🏽🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥 you're a great teacher

[@pmi74m]

I love seeing your channel grow!! And that's a problem for some companies that charge for BS education and profit mainly for recuiting than actual trading. Keep the good job, VP!!

[@str8t0thetop1]

best videos out I was lost until I found you

[@felixekeleme9154]

This podcast is great, thanks for a good job.

[@jamesbettger5922]

you the man VP thanks for all you do!

[@crushing46]

Props VP! I'm 50% done backtesting all 28 pairs on the Daily timeframe of course. As I was entering all my data into my journal I thought back (been months now) to this specific video and podcast! I had set up my Journal with PAIR, POSITION, PIPS, SCREENSHOT, COMMENTS. What I'm finding is that it would be extremely beneficial to me, to have the enter and exit dates of these trades. I understand %'s and if I get 6 setups on the same day then I'd just adjust the risk to .5% or .25% so as to not exceed 2% but some of these trades could last days to weeks, what if I'm sitting with that risk open and 10 more setups and confirmations come in but I'm locked in on my maximum account risk? Probability tells me I need to take as many of my high probability trades as possible to get the results forward testing that Im getting backtesting. Is there something I'm missing?

[@michellemclaren1265]

My understanding is it is a 2% risk per trade or per currency. It's not 2% risk over all open trades at once. So in theory, you could have 10% being risked at one time, but with a maximum of 2% per currency/trade.

[@kartis570]

simple. sobering and so helpful as always. thank you!

[@ronheard3745]

Definitely dropping gems 💎

[@bnvmanojkumar]

hey vp! you are awesome lot of love and nononsenseforex is best way to learn forex

[@RixiRooTM]

You know.. I've only been going through your stuff for a few days... okay, fairly relentlessly, but still... I already feel like I'm twice the trader I was last week, and that's probably a total understatement. I am also doing the babypips thing so far :)

[@Kcdogpalace]

Absolutely love this channel, on point and illuminating. Thank you so very much : )

[@GiC7]

Tanks for the lessons and for what to do and especial not to do. Thanks

[@malapala6082]

Hey there I started watching your videos like a week ago, right now I'm using my trading journal to write down everything you teach us. I'm so grateful that I found your channel and I hope you are not like those other snakes, but so far it really doesn't look like it... maybe the brokers, but I'm just a noob with no experience. I love your videos, I'll sign up on your homepage soon for the newsletter and to take a closer look at your blog. I'll give more feedback soon 😂

[@NoNonsenseForex]

There is no longer a newsletter. It was a bad idea and I dumped it. And everything is free, (including the brokers) so go as long as you like.

[@royciceromanaloto]

Going long for vp.. thanks for these videos

[@jimcuddy7407]

Thanks it's motivating!

[@pauvermell8505]

great info in short amount of time spent.

[@gotomortimer]

Hi VP.. Pure gold the journal columns.. Thanks again for your crusade on helping us on not what to do in forex trading..Dirty dozen already discarded.. I've been testing Awesome Oscillator and others Alligator etc.. and reading 1998 Bill Williams' book New Trading Dimensions just to see if something clicks. One question.. when you say tweaking.. you mean you have to have consistency through most pairs and also different time frames or just the daily chart as per your recommendation?

[@NoNonsenseForex]

Daily chart, yes

[@abdelhalimmohamed2864]

thank a lot...

[@gomesgago]

Nice one man, thanks again. (I didn't forget the beer, I just have no time nor money to go to Vegas)

[@bottle1211]

Journal is life

[@Moneyplant1969]

Thanks,very helpfull..

[@Aiva33aiva]

Thank you VP

[@rahulchahal5360]

Another excellent one

[@carlgraner4047]

Excellent

[@mikescarborough9196]

Professional poker players will describe the process in this video as "plugging leaks in their game."

[@petereastman2663]

Go back and check your trades. I re-analyze all trades.

[@PaulG.333]

Thanks VP,

[@yumzeezltd274]

you wont stop killing em.

[@Diamond0dust]

You're awesome ☺️

[@Entry2Cause]

Risk management helped me to stop blowing my account but I'm still bleeding, next is improving my edge

[@worlddaves]

Biggie Smalls was also thrilled about going from negative to positive, and if you don't know now you know 😉

[@SelUchiha]

For anyone who wants to do their research on brokers I would recommend going on ForexPeaceArmy (FPA) And dont hesitate to ask the brokers questions on their live chat; like if they are regulated, who their liquidity provider is, their trading fees, and withdraw fees.

[@BikiniChronicles]

Thank you

[@ivantirtakusuma]

OMG I already did column number 4

[@traderstradetrading5385]

if we goto day time frame then till the time we get to know exit time its alredy lots of loss ...pls clear why should i not use 1 hr time frame in which i early exit from wrong trade

[@أمريكا-يومياتمهاجرمغربي]

Thanks

[@abdelhalimmohamed2864]

do u put all the podcasts on youtube?

[@tlhologelopaseka6824]

you mention something about imager, can i have the link to this...

[@kwaku109]

Been searching for it on Google play cant find it. Let me know if you find it

[@reneevandenbroek5908]

Think it’s called imgur

[@E.E.]

There is a comment from VP further down about imgur.com/upload

[@yaseenkhaliq]

10 STARS!!!!!

[@georgeadam536]

How can you get a screenshot?? Can somebody help?Trying to set up an account on imgur & having diffclty wth it..

[@Theone28966]

i can't find the imager website , i only find equivalent but they delete the screenshot after days :/ someone have a link ? big thanks !

[@AshleyTyagi]

Here is a excel template which you can use to get started: drive.google.com/file/d/1FaFjg7blCMIrvW6mxEKT6rshhLciprPA/view?usp=sharing Plus here is an app which I developed which can be used to calculate per pip values and to backtest systems: drive.google.com/file/d/16d7S26l0grIeMIR9CoBh-Mt-8TtrcIn5/view?usp=sharing

[@nittin3226]

the app link is not working......can you please share the correct onw......thank you.

[@therealopmet7059]

Amazing.

[@Getbusy_]

5:34 killed me lmao

[@michelleninham3430]

Fabulous ..

[@malawigold747]

HOW WILL BRICS & CBDC'S AFFECT TRADING FOREX??

[@IamLuisAlvarez]

Anyone find the imager app or website? Not sure which one to choose from on the web...

[@NoNonsenseForex]

It's spelled "imgur"

[@IamLuisAlvarez]

@@NoNonsenseForex thanks VP you respond faster than my ex"uplines" 😂 btw daily chart for life from now on! Definetly to soon to say but your blog and KZbin has changed my life! 26 pages of notes worth more than their weight in Gold ;)

[@nakhitaylor3195]

I’m not sure how to do column 4, for screenshots

[@laurenh978]

If you are using a PC, press Print Screen on your keyboard and it will take a screen shot of your screen like when you do on your phone. Then you can paste it to Paint and save it as a picture. then upload the picture to a website for pictures to give you a link... and that link is what you will put on your Word document or anything else you use.

[@nostromotrades]

found it!!! lol thanks vp

[@2321brendan]

If you are a lazy sack of shit like me and dont do spreadsheets ,you buy a fancy journal! TJS costs a little $$ but very nice,(normal disclaimer ,not affiliated etc)

[@williamisaac1023]

i am a very beginner does this apply to me.

[@NoNonsenseForex]

Definitely. Check out the Beginners video if you haven't already.

[@williamisaac1023]

@@NoNonsenseForex ok sweet you have very different approach then what I have heard form others and other platforms. Keep up the good work and I'm staying up until 3 am to watch your videos. Not that theatre matters but thought to throw that out there.

[@factsandmyths3301]

5:36 😂😂😂

[@leewilliams6058]

👍

[@korogyoro6180]

Just 140 videos to go

[@What..a..shambles]

Stop repeating the mistakes!

[@dannywhite9735]

I refuse to be a Pretender!

[@yumzeezltd274]

Man!

[@SyarifAhmad-ark]

[@DreamHomesWithAlex]

IM Academy xDDDDDDDDDDDDDDD

[@shaunnysantanaa]

golden information

[@mauromorales1]

thank you

[@GiC7]

Thanks

[@splacthenandnow2645]

thank you