Michael's (zlabis) Journal [The Magician]

[zlabis]

I'm trying to follow the rules of my trading plan and on some days I can accomplish this better than on others. What I'm currently working on is to keep emotions under control. I do affirmation exercises with Autogenic Training (I've learned it many years ago) and try to distract me at the moment I realize that my visual field is narrowing and I'm feeling "dizzy". Today, at that tough minute around 9:32, I stood up from my chair, grabbed a Theraband and did 10 squats. After that I tried to relax my muscels, took a deap breath and felt more relaxed and not in the fight or flight condition.

)

[immy]

I'm trying to follow the rules of my trading plan and on some days I can accomplish this better than on others. What I'm currently working on is to keep emotions under control. I do affirmation exercises with Autogenic Training (I've learned it many years ago) and try to distract me at the moment I realize that my visual field is narrowing and I'm feeling "dizzy". Today, at that tough minute around 9:32, I stood up from my chair, grabbed a Theraband and did 10 squats. After that I tried to relax my muscels, took a deap breath and felt more relaxed and not in the fight or flight condition.

)

Zlabis

I'd totally appreciate if you expound on your mind technique a bit more. I know that is the hidden secret. and I know it is very personal so if you don't want to share its ok but a few clues if you could give , we will be very appreciative of that and i'm sure many here will benefit. We all have to find our own ways to know ourselves since we are all unique beings.

thank you in advance.

[zlabis]

Zlabis

I'd totally appreciate if you expound on your mind technique a bit more. I know that is the hidden secret. and I know it is very personal so if you don't want to share its ok but a few clues if you could give , we will be very appreciative of that and i'm sure many here will benefit. We all have to find our own ways to know ourselves since we are all unique beings.

thank you in advance.

No big deal, Immy.

Best start for information:
http://en.wikipedia.org/wiki/Autogenic_training

It's rather similar to other relaxation and affirmation techniques. The key is, as always, practicing it regularly.

Cheers

[zlabis]

Thu. Jan 22, 2015
(if I find time over Weekend, I'll comment trades on screenshots directly)

Screen time LO-session 09:00 - 11:00 (GMT+1) M1/M5 DAX only.
Screen time NY-session 14:30 - 16:00 and 16:30 - 17:30 M1/M5 DAX only.

In the LO-sessio, I was a little bit over-cautious today, so I missed this lovely down move (fruit + add on at AIMS-break) at around 10:35. So I only had one ok-trade and one good entry with bad exit. LO brought me -8 Pips instead of loads of them, but next ;-)

My afternoon-session started missing a huge entry as broker didn't fill market order at break of tight range at about 14:40. This costed me around 60 Pips. As I was mad about them, I missed this next down fruit as well. Then I calmed down and my mind started to work better. From a later down move (see screenshot 2 - ...NY1.png) I took out a reasonable amout of Pips (+ 30) but I had to make a break at 16:00.
The second part of my NY-session started with a nice up trend which I caught with a single trade. At top of this part of the up trend I was able to take out some Pips from the correction movements because volatility and dynamic was good enough for bigger moves, even in the correction, IMO. + 58 for second part of NY session.

After I was done at around 17:30, DAX started an incredible and smooth up trend of 200 Pips. Although I'm very happy with today's result, I'm more happy about following the rules (most of the times ;-) ) even at high frequence of trades.

I have to say, trading both sessions (LO+NY) on M1 is rather exhausting so I will only do this rarely and in exceptional cases.

Today's result:
- 8 (LO)
+ 30 (NY - part 1)
+ 58 (NY - part 2)
-------------------
+ 80 Pips

[zlabis]

Fri. Jan 23, 2015

Screen time LO-session 09:00 - 11:00 (GMT+1) M1/M5 DAX only.

Yesterday I decided to switch to a kind of fruit tablet because I think that it's easier with it to focus more on fruits and angulation without being distracted with candles. I, in particular, tend to interpret or analyze candle sticks, what is counter productive on M1-fruit trading, IMHO. So this plain chart with bars instead of candles helps me to focus on the important parts of the chart.

Today's LO session started with a tight box and interwining Gator. Although maintrend of HTFs was clearly upwards, I was ready to catch the break out on each side. After LO, DAX decided to go up and I was already in after a nice little AA fruit. At the time of long entry I was short as well - so some sort of hedging here. Although it can and will happen sometimes that both entries get stopped out, it's an appropriate way for me, to catch the break out on either side.

At the first campaign, entries were very good but exits were denoted by protective emotions. I can somehow stand to the exit of add on at YD's alltime high but the exit of init trade was pure fear of losing profit that had already been made - what a s**t, I must not do that because it destroys the edge of the system which depends on letting winners run.

I have to follow my exit rules!!!

The second campaign was ok with entries and exits. I just made one mistake as I accidently closed the first add on as I moved the wrong SL - but anyway this should not but can and will happen if SL lines of different trades are at same level. Maybe it's better in those cases to close trades from the terminal window.

At the bottom of the second campaign there appeared a very good fruit signal with big angle again which made it easy to turn direction and enter into 3rd campaign. I was able to pull out some Pips from this up move before I had to quit for the day.

Today's result:
- 9 - 15 + 79 + 39 + 63 = + 157 Pips

[zlabis]

Result of week 4 - 19.01.-23.01.2015 - live:

Mon. 19.01. + 25 Pips, 1.0 hrs
Tue. 20.01. - 28 Pips, 0.5 hrs
Wed. 21.01. +113 Pips, 2.0 hrs
Thu. 22.01. + 80 Pips, 4.5 hrs
Fri . 23.01. + 157 Pips 2.0 hrs
------------------------------------
Result ....... + 347 Pips, 10 hrs - I can hardly believe it. Thanks AIMS, thanks Immy, thanks AIMSters

[immy]

Result of week 4 - 19.01.-23.01.2015 - live:

Mon. 19.01. + 25 Pips, 1.0 hrs
Tue. 20.01. - 28 Pips, 0.5 hrs
Wed. 21.01. +113 Pips, 2.0 hrs
Thu. 22.01. + 80 Pips, 4.5 hrs
Fri . 23.01. + 157 Pips 2.0 hrs
------------------------------------
Result ....... + 347 Pips, 10 hrs - I can hardly believe it. Thanks AIMS, thanks Immy, thanks AIMSters

So Let me count it again

Result of week 3 - 12.01.-16.01.2015 - live:

Mon. 12.01. + 61 Pips
Tue. 13.01. + 60 Pips
Wed. 14.01. + 46 Pips
Thu. 15.01. + 119 Pips
Fri . 09.01. - 9 Pips
----------------------
Result ....... + 277 Pips

Result of week 4 - 19.01.-23.01.2015 - live:

Mon. 19.01. + 25 Pips, 1.0 hrs
Tue. 20.01. - 28 Pips, 0.5 hrs
Wed. 21.01. +113 Pips, 2.0 hrs
Thu. 22.01. + 80 Pips, 4.5 hrs
Fri . 23.01. + 157 Pips 2.0 hrs
------------------------------------
Result ....... + 347 Pips, 10 hrs

Are you willing to make $160,000 per year working only 10hrs per week using not more than $10K account? (without compounding)

Total of Wk3 and Wk4 277 + 347 = 624 . Average of 62 Pips Per Day with 2 hrs per day. Wait a minute you make 31 pips per hr? Meaning if you risk $10 per pip you'd be making $310 per hour? meaning $160,000 per year working only 2hrs a day?

[Tomi]

Result of week 4 - 19.01.-23.01.2015 - live:

Mon. 19.01. + 25 Pips, 1.0 hrs
Tue. 20.01. - 28 Pips, 0.5 hrs
Wed. 21.01. +113 Pips, 2.0 hrs
Thu. 22.01. + 80 Pips, 4.5 hrs
Fri . 23.01. + 157 Pips 2.0 hrs
------------------------------------
Result ....... + 347 Pips, 10 hrs - I can hardly believe it. Thanks AIMS, thanks Immy, thanks AIMSters

Fantastic trading and you are a star! Keep it going! ~o)

[zlabis]

Are you willing to make $160,000 per year working only 10hrs per week using not more than $10K account? (without compounding)

Total of Wk3 and Wk4 277 + 347 = 624 . Average of 62 Pips Per Day with 2 hrs per day. Wait a minute you make 31 pips per hr? Meaning if you risk $10 per pip you'd be making $310 per hour? meaning $160,000 per year working only 2hrs a day?

The result of the last 2 weeks are really remarkable although they are exceptional as well. My average of the last 16 weeks is about 125 P a week what is quite alot too - always to be compared to an avg. risk of 15 Pips per trade.

On the other side, last 2 weeks show that it's possible to take out huge profits if we follow our system consequently and patiently with discipline and having our emotions under control while trading.

Since I have a time-plan of increasing lot size/%-risk and account size slowly in the next months, it's still a far journey to the amounts you've stated above but beeing disciplined and patient in these manners is also vital beside keeping my trading explicitly documented in trading records and a TRADING-JOURNAL. This documentation is the only REAL possibility to learn from my previous actions.

For the future I try to keep on fruit-trading in the most simple way and to continue working on my trading-personality to get more and more into attentive, fearless and relaxed state of trading.

Cheers

Michael

[zlabis]

Fantastic trading and you are a star! Keep it going! ~o)

Thanx alot, Tomi, but I'm definitly not a star. Last two weeks were very exceptional to me - I'm trying to find my trading-style.

We all know who really deserves this admiration - of course, it's Immy (and the senior AIMSters), who devotes much of his time and energy to us, the unexperianced trading students, to show us the essence of trading. And I'm not so much talking about the AIMS system, I'm more talking about developing the proper attitude and mindset that makes it possble to become successful traders. Overall it's just 5 or 10 successful out of 100 traders but many of those 90-95% unseccessful ones don't have the chance to learn, what we are learning here.

Thanks Immy, thanx AIMSters, again.

Cheers
Michael