Peter's Journal

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exponent83
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Re: Peter's Journal

Unread post by exponent83 »

Thanks Immy for your comment. Yes, I have to work on my Discipline, and that will be a good lesson, not trading on the first trading day of January. No more trading in this year. I promise. I promise for myself as well... Best Regards, Peter
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Tomi
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Re: Peter's Journal

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Not trading can be a difficult task, but please practice that also, just like you practice trading. Over time you will get used to it. Train yourself to trade only when certain criteria is met. You define your criteria, but here's mine: personal trading hours are on, mind is fresh and market is in good shape (session open times, not holidays, not something like one hour before NFP etc).

Over time you will love it. Enjoy!
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exponent83
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Re: Peter's Journal

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Happy New Year for Everyone!

Yesterday I took these trades:

ATM didn't take PO's, perhaps because I didn't test the Test Bars. I opened that trades with click on 3 times the 'Buy-Bar' button. After first click there happened nothing. And 2 more times, oh Peter... It is not part of my plan of course...

Image

After this I didn't stop my trading, mistake again of course...

Image

2R between Open times, mistake again...

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And 2 more trades yesterday. -1R and +2R.
At the end of the day: -3R+2R-1R+2R=0R

Full of mistakes. 1/6 DS...
Conclusion: I have lot of work with my discipline. But good to know, I'm able to take trades without hesitation after few rents.
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exponent83
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Re: Peter's Journal

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Today morning's trades:

Image

DS=0/2, because I took some bad trades yesterday. And traded this morning session. But ignoring this fact, there were only 2 disciplined trades...
I have to re-read my trading plan. And use it...
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immy
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Re: Peter's Journal

Unread post by immy »

The Hunt does not allow you to make many mistakes except the ones you force yourself. Don't just click and click and click again. THINK!!!
What is the Secret of Successful Trading?
The Consistent Pursuit of DS1 :nerd

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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exponent83
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Re: Peter's Journal

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NEO Session:

Image

DS: 3/4 The last trade was short, but the the Channel was up...

Exit rules are stabil, and I think I'm on the right way.

See you tomorrow!
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exponent83
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Re: Peter's Journal

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Morning Session:

Image

DS: 0/3

NEO Session:

Image

DS: 1/1
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exponent83
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Re: Peter's Journal

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Today's trades:

No trades were at morning session. An M5 trade together with Moty and Immy. It was a very nice Cherry trade:

Image

DS= 1/1
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Re: Peter's Journal

Unread post by immy »

All that matters is whether you have followed your trading plan to the letter or not. If Trading m5 is NOT part of your trading plan, consider applying disciplinary procedures upon the trader that you manage... i.e. yourself
During Trading, don't be the manager. Be Yourself.
After trading be the Manager and monitor your performance.
What is the Secret of Successful Trading?
The Consistent Pursuit of DS1 :nerd

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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exponent83
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Re: Peter's Journal

Unread post by exponent83 »

Trades from yesterday, a Seed and an S1 trade.

Image

DS: 1/2
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