Tracker's Journal
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Tracker
- Free Member
- Posts: 183
- Joined: 25 Apr 2014, 08:05
- 11
Re: Tracker's Journal
No trades for me today. Just didn't see a signal that I really liked. The arrows mark the entries that I considered but decided against because I didn't think the odds where sufficiently in my favor.
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immy
- Founder
- Posts: 9654
- Joined: 22 Nov 2010, 16:46
- 14
Re: Tracker's Journal
Good "Trading" today! with no trades... Well done!
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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Tracker
- Free Member
- Posts: 183
- Joined: 25 Apr 2014, 08:05
- 11
Re: Tracker's Journal
Market moved quite a bit today, but there was just one valid trade for me. That first Seed after NYO should probably not have been filtered.
Trade 1:
Seed Long
P/L + 2%
DS = 1
Trade 1:
Seed Long
P/L + 2%
DS = 1
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Tracker
- Free Member
- Posts: 183
- Joined: 25 Apr 2014, 08:05
- 11
Re: Tracker's Journal
Back to being not disciplined again and got punished by losing 3%. Just don't trade when the M5 Gator is not clearly open. Thats the lesson once again.
The questions, is the Gator on M5 open, do we have a high probability setup, can I give myself DS 1 if I take that trade, do I really want to risk 1% in that situation should have all been answered with NO, NO, NO. And therefor no Trade should have been taken today!!!!
Trade 2:
Seed Long
P/L - 1%
DS = 0
Trade 3:
Cherry Long
P/L - 1%
DS = 0
Trade 4:
Cherry Long
P/L - 1%
DS = 0
The questions, is the Gator on M5 open, do we have a high probability setup, can I give myself DS 1 if I take that trade, do I really want to risk 1% in that situation should have all been answered with NO, NO, NO. And therefor no Trade should have been taken today!!!!
Trade 2:
Seed Long
P/L - 1%
DS = 0
Trade 3:
Cherry Long
P/L - 1%
DS = 0
Trade 4:
Cherry Long
P/L - 1%
DS = 0
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Tracker
- Free Member
- Posts: 183
- Joined: 25 Apr 2014, 08:05
- 11
Re: Tracker's Journal
Slow session. Just took one trade (Cherry Short) when M5 went into wave 5.
Trade 5:
Cherry Short
P/L +- 0%
DS = 1
Trade 5:
Cherry Short
P/L +- 0%
DS = 1
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Tracker
- Free Member
- Posts: 183
- Joined: 25 Apr 2014, 08:05
- 11
Re: Tracker's Journal
No good setups for me today, but of course had to take one trade that was a valid setup but should have been filtered as it was after a big move and TZ1 was way to close. I am sitting here, quit confident not to take a trade and all of a sudden something overrides my brain and before I know it I am in a trade that should not have been taken.
Trade 6:
Cherry Long
P/L - 1%
DS = 0
Trade 6:
Cherry Long
P/L - 1%
DS = 0
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immy
- Founder
- Posts: 9654
- Joined: 22 Nov 2010, 16:46
- 14
Re: Tracker's Journal
I know what you mean. I know! does not matter... learn from this and say NEXT ...Tracker wrote:NI am sitting here, quit confident not to take a trade and all of a sudden something overrides my brain and before I know it I am in a trade that should not have been taken.
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!
-
Tracker
- Free Member
- Posts: 183
- Joined: 25 Apr 2014, 08:05
- 11
Re: Tracker's Journal
No trades for me today! Just no setup that really screamed: Take me!
Unfortunately I didn't clue into the Monarch Apple situation after it was to late!
I thought the day over once it kept on scrambling sideways.
Unfortunately I didn't clue into the Monarch Apple situation after it was to late!
I thought the day over once it kept on scrambling sideways.You do not have the required permissions to view the files attached to this post.
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immy
- Founder
- Posts: 9654
- Joined: 22 Nov 2010, 16:46
- 14
Re: Tracker's Journal
It was a tough NEO Session. Not much movement but there was structure. Again, MZ caught the best of it with over 5% trading the London Session.
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!
-
Tracker
- Free Member
- Posts: 183
- Joined: 25 Apr 2014, 08:05
- 11
Re: Tracker's Journal
maybe it would be better to stay up late and trade the London session instead of getting up early to trade NEO.immy wrote:It was a tough NEO Session. Not much movement but there was structure. Again, MZ caught the best of it with over 5% trading the London Session.