You may remember a couple of weeks back I was asking for a summary of your previous day trades at the top of each new blog.

I would expect that sometimes trades taken don’t follow the ‘trading idea’ and this is very important to me, as it fills in the gaps between the original idea and the reality of how things unfolded. It would require a brief explanation why too! There is as much to learn from this as there is from the original trade idea. Eventually we should get to a position that members will be able to comprehensively interpret and caveat Piphut trading ideas.

Of course, keeping a record of this on a separate page or spreadsheet would assist new members to quickly get up to speed with the Piphut way. I’d look for something like date, trade idea, condition reached (y/n), trade taken (y/n), pips p&l, reason. New members could quickly refer to the reason column to understand better the setups.

BTY, the site is looking great + is much faster.

Best
Paul

Thanks you very much Mark !!!!

I really didn’t think about it that way. Hmmm! I’ll think about more of these sites more objectively as I am looking at them and posting information upon them.

In fact most of the sites that we think of as “quality” are actually owned and operated by brokers who really just want you to trade and don’t care whether you win or lose!

Also in this scenario, the pip hut way would be to put in your S/L and in most cases this would be noted probably as a losing trade but the hammer at the 1.4700 level would be a repair trade with a profit. The question is if piphutters would be online and in tune to looking for that repair trade notification.

I am still thinking!!!!

I am one of those who wants to learn to fish instead of being given a fish; therefore, I agree with and understand what you are saying. Although, I feel that your signals record is a good piece of information to know and keep up with. May be you could just base the information on the basic entries/exits of the signals given and may be you could include some type of repair data. The spreadsheet could list the profit/loss of the signal given but also list repair data to accompany that signal if a repair or modification of the signal had to be done. This way you would have percentages based on the actual signals given and/or percentages based on the signals with the repairs.

I will continue to think about this and offer some other comments if I get more ideas.

Would I then put that trade on the spreadsheet as a successful trade because the analysis called for buying on dips, or would I omit it because it was not exactly specified in the “trading idea”? The goal of PipHut is to help traders get to the point where they are internalizing the analysis and applying it in ways such as this.

Again, this scenario is exactly why I encourage traders to really understand the analysis, the market and to expand their own knowledge to be able to apply the analysis in different ways.

I thought Yoshi was referring to showing the trading history of signals – meaning if they were followed as given, what was the profit/loss for that signal that day.

May I suggest you could show it in a running spreadsheet form – listing the signal date, brief description of suggested entries/exits from the signals, profit/loss, ongoing percentage of accuracy of on target signals if traded the Piphut way, may be even a snapshot of the chart of what actually happened, etc.

This is just a suggestion because I have no ideal what it would take to technically be able to accomplish this.