My journal from last year http://www.elitetrader.com/vb/showthread.php?s=&threadid=213081&highlight=channel . The last journal was a concept that I was testing, but found that I was doing some things fundamentally wrong. 1. I was doubling-down on losers. I knew going into the journal that this was a risky thing to do, but I thought it might be able to work. It didn't pan out. 2. There were too many rules for the system. It should be a lot more cut and dry and that's what I plan for this next one going forward. If you'd like to add your own modifications, do so at your own risk. This journal for 2012 is about the bare-bones of trading. It's something all traders talk about and to varying degrees, have a solid understanding of: Support and Resistance Most if not all the TA books make it look like technical analysis could be traded successfully by a 3rd grader, and after years of failure in this business and years of hindsight, it probably could be. Hence the title of this thread "by the book". Like many new traders in years past, I had beginners luck. I took those simple rules and applied it to my trading, and it worked... For a short while. Somewhere along the line I veered off course with all sorts of indicators and different systems. If you're like me and you've been wanting to go back to the basics because you're just "tired of it all" and want to re-learn how to trade from the ground up, then welcome to "Trading Breakouts [By the book] " Lets get started.