2 trades this morning, both winners.
David's journal
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azadar
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Re: David's journal
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azadar
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Re: David's journal
Had a few rough days mainly not following the rules and making mistakes.
Today I reduced my lot sizes down to 1% per trade and it was much easier for me to take the trades. I also reduced my charts down to 2: us30 and ger30. Traded only NEO for an hour and a half and banked 75 points today
Today I reduced my lot sizes down to 1% per trade and it was much easier for me to take the trades. I also reduced my charts down to 2: us30 and ger30. Traded only NEO for an hour and a half and banked 75 points today
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immy
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Re: David's journal
isn't one enough? why complicate things mate!
What is the Secret of Successful Trading?
The Consistent Pursuit of DS1
The thing that makes me money in trading is when I "Objectively Follow my Trading Plan".
I understand that I can't catch all the moves or all the signals but my objective is to catch THE VALID SIGNALS & ONLY the Valid Signals.
My Deathbed Advice "5:1 Reward to Risk Ratio".
Yo, banana boy!
The Consistent Pursuit of DS1
The thing that makes me money in trading is when I "Objectively Follow my Trading Plan".
I understand that I can't catch all the moves or all the signals but my objective is to catch THE VALID SIGNALS & ONLY the Valid Signals.
My Deathbed Advice "5:1 Reward to Risk Ratio".
Yo, banana boy!
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azadar
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Re: David's journal
yesterdays trades: -1%
Yes Immy you are correct. I came to the same conclusion when I noticed the mistakes I was making due to trading both charts. From tomorrow onward I will take trades on only 1 chart at a time.
Yes Immy you are correct. I came to the same conclusion when I noticed the mistakes I was making due to trading both charts. From tomorrow onward I will take trades on only 1 chart at a time.
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Last edited by azadar on 23 Apr 2015, 20:05, edited 1 time in total.
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azadar
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Re: David's journal
todays trades: Made some mistakes so ended up with -2% instead of in making profits.
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immy
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Re: David's journal
repeat chose one! just MHO
What is the Secret of Successful Trading?
The Consistent Pursuit of DS1
The thing that makes me money in trading is when I "Objectively Follow my Trading Plan".
I understand that I can't catch all the moves or all the signals but my objective is to catch THE VALID SIGNALS & ONLY the Valid Signals.
My Deathbed Advice "5:1 Reward to Risk Ratio".
Yo, banana boy!
The Consistent Pursuit of DS1
The thing that makes me money in trading is when I "Objectively Follow my Trading Plan".
I understand that I can't catch all the moves or all the signals but my objective is to catch THE VALID SIGNALS & ONLY the Valid Signals.
My Deathbed Advice "5:1 Reward to Risk Ratio".
Yo, banana boy!
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azadar
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- Posts: 245
- Joined: 01 Dec 2012, 01:53
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Re: David's journal
Alright I wont look at any other chart starting monday (cant trade today). I trust your experience and judgment so ill give it a shot. Thanks Immy
I will also try the 20 trade with discipline score thing. It looks like a great way to evaluate my trading and progress. I saw zlabis do it in his journal and I like it alot.
Cant wait for NEO on monday!
I will also try the 20 trade with discipline score thing. It looks like a great way to evaluate my trading and progress. I saw zlabis do it in his journal and I like it alot.
Cant wait for NEO on monday!
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azadar
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Re: David's journal
Starting today, I am going to regroup my trades into groups of 20 campaigns in order to better track my progress.
First 3 campaigns were rents on dax at NEO:
c1: went long on s2. closed on fruit in opposite direction. -9 points, DS 1
c2: fruit short stopped out at SL. -11 points, DS 1
c3: SAR from short fruit into long. Exit on green line but aims lvl was 3 points again so should have let it run. -16 points, DS 0
At this point I gave up on dax for lack of direction. Went to us30 and saw nice movements so I decided to switch charts.
c4: Agressive entry into short trend + add-on. Unfortunately price didnt go very far and ended up closing on green line. -11 points, DS 1
c5: Short on fruit but retrace was past 50% fibo so unlikely to create wave 5 at this point. Took the trade anyway and got taken out on SL. -9 points, DS 0
C6: Short on fruit again. same mistake as previous fruit. Closed because I was done for the day due to too many rents and bad mental state.-1 point. DS 0
C7: Long on break of aims. Pullback was likely to happen and should have waited for fruit at bottom of retracement before going long. Closed because I was frustrated with all the rents and wanted to stop trading for the day. -10 points, DS 0
First 3 campaigns were rents on dax at NEO:
c1: went long on s2. closed on fruit in opposite direction. -9 points, DS 1
c2: fruit short stopped out at SL. -11 points, DS 1
c3: SAR from short fruit into long. Exit on green line but aims lvl was 3 points again so should have let it run. -16 points, DS 0
At this point I gave up on dax for lack of direction. Went to us30 and saw nice movements so I decided to switch charts.
c4: Agressive entry into short trend + add-on. Unfortunately price didnt go very far and ended up closing on green line. -11 points, DS 1
c5: Short on fruit but retrace was past 50% fibo so unlikely to create wave 5 at this point. Took the trade anyway and got taken out on SL. -9 points, DS 0
C6: Short on fruit again. same mistake as previous fruit. Closed because I was done for the day due to too many rents and bad mental state.-1 point. DS 0
C7: Long on break of aims. Pullback was likely to happen and should have waited for fruit at bottom of retracement before going long. Closed because I was frustrated with all the rents and wanted to stop trading for the day. -10 points, DS 0
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azadar
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Re: David's journal
After a bunch of rents in the morning I managed to pull a comeback and end the day on a good note: +104 points
c8: fruit long but failed. -18 points DS 1
c9: SAR from previous fruit. Closed on opposite fruit. -7 points, DS 1
c10: fruit long. closed on break of aims level. 0 points. DS 1
c11: short + add-on. Closed on SL. -28 points. DS 0 because the SL was too tight and it was hit without breaking aims level. Should have been 2 points above aims level.
c12: fruit long into possible w5. Closed on SL. -8 points, DS 1
c13: SAR on previous fruit. closed on spike above green line. -6 points, DS 1
c14: long above aims level at NEO. Closed on fruit. -3 points, DS 0 because it was not a setup.
c15: Fruit short with 2 add-ons a few minutes after NEO. Exit at opposite fruit. +123 points, DS 1.
c16: agressive reentry into trend. Closed trailing candles. +51 points, DS 1.
At this point I think it is wise to call it a day and start again tomorrow surfing on todays high
c8: fruit long but failed. -18 points DS 1
c9: SAR from previous fruit. Closed on opposite fruit. -7 points, DS 1
c10: fruit long. closed on break of aims level. 0 points. DS 1
c11: short + add-on. Closed on SL. -28 points. DS 0 because the SL was too tight and it was hit without breaking aims level. Should have been 2 points above aims level.
c12: fruit long into possible w5. Closed on SL. -8 points, DS 1
c13: SAR on previous fruit. closed on spike above green line. -6 points, DS 1
c14: long above aims level at NEO. Closed on fruit. -3 points, DS 0 because it was not a setup.
c15: Fruit short with 2 add-ons a few minutes after NEO. Exit at opposite fruit. +123 points, DS 1.
c16: agressive reentry into trend. Closed trailing candles. +51 points, DS 1.
At this point I think it is wise to call it a day and start again tomorrow surfing on todays high
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azadar
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Re: David's journal
Today was a great day for me. Not because of the 58 points (im pretty happy about that dont get me wrong) but because I think I finally found what it takes for me to get into the zone. When I look at the chart I keep asking myself questions like: what is the market doing right now? What is the market telling me with this new bar that just printed on the chart? This grounds me into the now and everything else just fades away, its just me and my chart.
Been doing this for 2 days now and so far its paid off big time. Lets see if I can keep doing this over and over again
Traded dax and a little bit of us30 (switched because dax was not close to offer any good setup at the time) I finished my first set of 20 trades and here are the results: + 69 points, DS 13/20. Really disapointed with my DS score but surprised I could still pull off +69 points. I can only imagine how many points I could get with a 20/20 DS
here are the 2 trades on us30:
Been doing this for 2 days now and so far its paid off big time. Lets see if I can keep doing this over and over again
Traded dax and a little bit of us30 (switched because dax was not close to offer any good setup at the time) I finished my first set of 20 trades and here are the results: + 69 points, DS 13/20. Really disapointed with my DS score but surprised I could still pull off +69 points. I can only imagine how many points I could get with a 20/20 DS
here are the 2 trades on us30:
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