Tracker's Journal

[Tracker]

Comment will follow!

Camp 478:
Trade 1: Breakout Short - 3.4 Pips (0.7)
DS 1

Camp 479:
Trade 1: Breakout Short + 13.1 Pips (0.7)
DS 0

Camp 480:
Trade 1: Fruit Short + 4.4 Pips (1.1)
Trade 2: Add On - 6.0 Pips (0.4)
DS 1

Camp 481:
Trade 1: Breakout Short - 8.0 Pips (1.2)
DS 0

[zlabis]

Hi Gregor,
nice entries but, if I may suggest, try to stick to green gator if there isn't a very strong counter signal which definitely wasn't present at Camp 479. Sure, if there's a counter fruit near TZ it's reasonable to trail but there wasn't any exit signal.

Just my 5 cents ;-)

Cheers, Michael

[Tracker]

Hi Gregor,
nice entries but, if I may suggest, try to stick to green gator if there isn't a very strong counter signal which definitely wasn't present at Camp 479. Sure, if there's a counter fruit near TZ it's reasonable to trail but there wasn't any exit signal.

Just my 5 cents ;-)

Cheers, Michael

Hi Michael,

you are totally right, after my losses yesterday I wanted to get some pips for sure, but that is the wrong approach. Still have to work on disciplined trading. Who would have thought, that it is so hard to do it right, especially on the M1 timeframe.

Cheers, Gregor

[Tracker]

No trades on Friday's NEO due to low density.

[Tracker]

Didn't start anything at the beginning of NEO as density was to low. With campaign 482 I took a seed which is actually not part of my trading plan. At least not yet. I kind of like what I read and see of the seed. Have to dive into that a bit deeper.

Camp 482:
Trade 1: Seed Short + 13.0 Pips (1.8)
Closed it with TP

Camp 483:
Trade 1: Fruit AA Short - 7.6 Pips (1.9)
DS 0 (should have recognised it as correction after wave 5)

[Tracker]

I am just not on top of things. Traded a lot last week when density was very low which cost me some money and on a day like today where there is a nice trend I make one trade and exit that to early.

Camp 484:
Trade 1: Fruit AA Short + 20.5 (0.9)
DS 0

[wiseambitions]

You're being a bit too hard on yourself to say your discipline wasn't good enough on that trade.
It was a good entry, and you got out because price came back up towards green line, and AO was starting to come back up. I think the only thing better you could have done was to get out at the tz1 line, before or within a couple bars after the one which got the green fruit arrow, with maybe 5 more pips of gain. Can't win 'em all, but there are enough chances to make a bit. Hedge fund managers will claim to go to great lengths to make 5% in a year, we can make that in one or two days with this thing!

[immy]

You're being a bit too hard on yourself to say your discipline wasn't good enough on that trade.
It was a good entry, and you got out because price came back up towards green line, and AO was starting to come back up. I think the only thing better you could have done was to get out at the tz1 line, before or within a couple bars after the one which got the green fruit arrow, with maybe 5 more pips of gain. Can't win 'em all, but there are enough chances to make a bit. Hedge fund managers will claim to go to great lengths to make 5% in a year, we can make that in one or two days with this thing!

Totally Agreed with Ray here Gregor! It was a good trade and you should commend yourself. Remember being hard on yourself NEVER WORKS. Always see the positive and encourage yourself. And this is the purpose of this journal. Had you not written it down, we would never have commented what we commented. Self coaching... this is self coaching. When your self talk has too many "I's" you know that you're trading incorrectly already. When your trading self talk (the mind chatter) has too much emphasis on account balance... you know you're doing something wrong...

[Tracker]

Thank you for your advice Ray and Immy I will try and take that to heart.
One Seed trade for me today should have just trailed the candle like the others did, but apart from that I think I like the seed. Just have to settle for one type of TM now and be careful not to get mixed up in contradictions with the Fruit.

Camp 485:
Trade 1: Seed Long + 21.9 Pips (0.9)
Trade 2: Seed Long + 7.9 Pips (1.1)
DS 0

[wiseambitions]

I was in the same trade as you and we both bailed out too early, but we were on the right side and we made a bit out of it, which is what the job is all about. Nobody is going to be clever enough to get the top price and in any case AO had painted one lower (red) bar immediately before your exit, which is why I got out too, so nobody will blame you