Nikita`s journal

[Michal]

Nikita is back!:)

[Nikita]

Thanks, Michal. But i thinks he is still on his way home..

NYO.
I missed excellent setup, and W5 never appeared.
The only thing i didnt do - trail AIMS.

1.jpg

I reviewed my last rents and most of them were w5 expectation..
Is w5 that rare phenomenon?

[immy]

Is wave that rare phenomena! (rofl) (rofl)

[Nikita]

After a month of rent (it s not a methaphor..), month of phsychology analysis, after a month of looking for answers - i ve found out, why previous month was 100 times better, than this one.
Money.
We are here to make as much money as we could, but here is the paradox of this world.
If you want a lot of money, you have to forget about them and do your job/business/career without even thinking of them.

As for my situation - i need to think about pips, not money. I need to think about winners, not %. My mind is just not ready for raw money as they are.

"When you open a trade, you have to fully accept the risk" - i thought that i had, but i was wrong.
Within this month i ve found out, that my concentration and objectivity last no longer than 2 hrs of trading per session, than i need a break. Now i know, that h1 trading is still not for me. I ve open for myself a stepping pattern (thanks Dave for mentioning it in your journal for so many times).

So for now i decide to lower the risk to take stress out of trading, to obtain a faith into the system (which i though i had already obtained..)

[Nikita]

Today preLO trade.
I caught a mysterious W5, which rapidly turned into W3 )so you cant see TZ1, where i set my TP.

gbpusdm1.png

And one more with GU this LO. A new (for me) technic with stepping patterns. Within a chattalk with Dave i ve managedd to take this one.

gbpusdm1 2.png

[Darren]

Nice trading Nikita! (wd)

[Nikita]

And the NYO was a rent.
tried to catch The last part of W3, than it become in try to catch w5, which happens once a centure..)

gbpusdm1.png

Btw, before my try it was an amazing stepping pattern whic i dicede to skip.. I was hesitating.. And here is the price!

[Nikita]

Today i was practicing with stepping patterns.
Found out, that all the setups and patterns are useless before FO. Noted!

2 rents on GU.

gbpusdm5.jpg

And a great company on EU.

eurusdm1.png

First rent happened after spike at FO. But my mistake - too early trailing SL.

But as a result - i m in a tiny profit.

[Darren]

Great EU trade Nikita, but I think the first GU trade you took was late and the 2nd one isn't a trade, which I think you know!

Nice one on EU though! \m/

[Nikita]

Thank you, Darren.
Agree with you about GU. 1st trade was a stepping pattern, which i decided to take with M5 breakot. That is why it seems like a late enter. And it was before FO(and when FO - price changed it direction), so now i ll be trading only after FO.
2nd one a was impatient and didnt wait till 3rd box appeared ( and proper m1 setup). So took a green dot..
I paid for hte lack of patience)