October Updates: Trade Journal, Emails & Analysis


October has been very kind to the JKonFX portal. We have made a lot of updates to help PRO members.

You can now download the entire Trade Journal history in a (spreadsheet) CSV format. This opens up opportunity for you to create your own JKonFX analysis. It is available at the bottom of the Trade Journal page.

We're creating a monthly report built in Excel to give you a starting point. We plan to roll that out early December 2015.

The Trade Journal had an average page load time of 6.87 seconds. In the current digital age, that feels like a lifetime. The Trade Journal synchronises with the forex broker account which takes a little time.

Now the Trade Journal loads the basic page with historic transactions, then loads in the live information afterwards.

Following the announcement of SMS and email updates for the Trade Journal, we found that some members didn’t want to receive all of the updates, but instead, just the key trades. We have therefore decided to add two choices for receiving alerts. They are categorised into a summary monitor and detailed monitor.

We can monitor the following broker actions:

MARKET ORDER CREATE  (Summary)

A transaction of this type is created when a user has successfully traded a specified number of units of an instrument at the current market price.

STOP ORDER CREATE

A transaction of this type is created when a user has successfully placed a Stop order on his/her account. A Stop order is an order which buys or sells a specified number of units of an instrument when the market price for that instrument first becomes equal to or worse than the price threshold specified.

LIMIT ORDER CREATE

A transaction of this type is created when a user has successfully placed a Limit order on his/her account. A Limit order is an order which buys or sells a specified number of units of an instrument when the market price for that instrument first becomes equal to or better than the price threshold specified.

MARKET IF TOUCHED ORDER CREATE

A transaction of this type is created when a user has successfully placed a MarketIfTouched order on his/her account. A MarketIfTouched order is an order which buys or sells a specified number of units of an instrument when the market price for that instrument first touches or crosses the price threshold specified.

ORDER UPDATE

A transaction of this type is created when a user has successfully updated any of the LimitOrder, StopOrder, MarketIfTouched orders on his/her account.

ORDER CANCEL

A transaction of this type is created when an order is being closed due to one of the reasons: CLIENT REQUEST, TIME IN FORCE EXPIRED, ORDER FILLED

ORDER FILLED

A transaction of this type is created when an order has been filled.

TRADE UPDATE

A transaction of this type is created when a user has successfully updated a trade.

TRADE CLOSE  (Summary)

A transaction of this type is created when a user has successfully closed a trade.

MIGRATE TRADE OPEN

A transaction of this type is created when a trade is reopened on the account if the user migrated to another division.

MIGRATE TRADE CLOSE

A transaction of this type is created when a trade has been closed due to user migration to another division.

STOP LOSS FILLED  (Summary)

A transaction of this type is created when a Stop Loss order has been filled on user’s account.

TAKE PROFIT FILLED  (Summary)

A transaction of this type is created when a Take Profit order has been filled on user’s account.

TRAILING STOP FILLED  (Summary)

A transaction of this type is created when a Trailing Stop Loss order has been filled on user’s account.

MARGIN CALL ENTER

A transaction of this type is created administratively to mark user’s account as being in a margin call.

MARGIN CALL EXIT

A transaction of this type is created administratively to mark user’s account exiting margin call state.

MARGIN CLOSEOUT

A transaction of this type is created automatically by the system when the margin closeout value in user’s account declines to half or less than half of the margin used. A MARGIN CLOSEOUT represents the closing of all open trades in user’s account.

SET MARGIN RATE

A transaction of this type is created whenever user modifies margin rate for the account.

By default all PRO members will receive the summary alerts. To change this, you can visit your account page and choose the full detailed option. Be prepared to receive more emails and SMS though.

Trade Journal Comments

Feedback from the Trade Journal transactions has been that the trades can be a little hard to understand, especially when partially closing a position and letting the rest run, for example:

  • Buy 10,000 AUD/USD
  • Sell 9,000 AUD/USD
  • Leaving 1,000 AUDUSD to run.

Having comments enables further understanding of each transaction choice. This should give you additional insight into what Joel is thinking and what kind of time-frame he is considering for a specific trade. He will update the notes with his thoughts on the specific trade as it progresses.

We have found that having the same daily titles for the technical analysis and fundamental analysis caused the reports to be put into into chains with mail clients.

We have decided to change the email titles to reflect the analysis title so you have a better understanding from your inbox.

Transactions also faced the same problem so we have updated them to the following format

[TRADE] New Journal Transaction (#{TransactionID})

The Forex news reports (technical analysis, fundamental analysis and market mover reports) now all come with a bullet point summary so you can easily see the highlights of the reports and videos.

Now it's easy for you to see how long it's going to take to read or watch the analyses. We estimate the reading time based on 175 words per minute and 10 seconds per image. It’s calculated lower than the average of 200 words per minute because we don't want to rush you.

Remove sharing buttons  for PRO analyses

The social buttons have been removed for analysis that require you to be logged in.

We have been changing the website infrastructure to help speed it up. You should notice that it runs slightly faster if you visit it twice per day.

That’s all for October. Please keep your ideas coming!

Happy trading,

Ryan


Open Letter: Our Vision For JKonFX

We're now looking forward to 2017. We want to share our plans with you and ho...

Read & Watch

Introducing Trade Journal PushOver Notifications

PushOver is a great third party app that allows you to receive instant notifi...

Read & Watch

Trading Heroes: Talking with Hugh Kimura about Myths, Lifestyle & S...

The Trading Lifestyle podcast brought to you by TradingHeroes.com. In this in...

Read & Watch