Tracker's Journal

[Tracker]

Drives me nuts if I trade like today. Just stupid. After campaign 330 I actually knew it was no good. At least I used reduced lot size on some trades. Instead of taking those "Breakouts" I should have taken the Fruits and stayed in line with the moves within the chop. As soon as I start thinking I don't want to miss something or I want some pips back I have to stop trading.
Not taking that long Fruit yesterday afternoon, but taking all those shitty "Breakouts" just does not go together. !!!! PROBABILITIES !!!!!!!

Camp 329: Breakout Short
Trade 1: Breakout Short - 9.3 Pips

Camp 330: Breakout Long
Trade 1: Breakout Long + 3.7 Pips
Trade 2: Add On 1 + 3.3 Pips
Trade 3: Add On 2 + 1.2 Pips

Camp 331: Breakout Long
Trade 1: Breakout Long - 21.0 Pips (reduced lotsize)
Trade 2: Add On 1 - 23.9 Pips (normal lotsize)

Camp 332: Breakout Short
Trade 1: Breakout Short - 18.9 Pips

Camp 333: Breakout Long
Trade 1: Breakout Long - 3.7 Pips (reduced lotsize)
Trade 2: Add On 1 - 8.1 Pips (normal lotsize)

Camp 334: Breakout Short
Trade 1: Breakout Short + 2.7 Pips
Trade 2: Add On 1 - 0.7 Pips
Trade 3: Add On 2 - 2.2 Pips
Trade 4: Add On 3 - 5.5 Pips

Camp 335: Breakout Short
Trade 1: Breakout Short - 12.9 Pips

Camp 336: Fruit Short
Trade 1: Fruit Short - 8.0 Pips

[immy]

Not taking that long Fruit yesterday afternoon, but taking all those shitty "Breakouts" just does not go together. !!!! PROBABILITIES !!!!!!!

The above is an important lesson. Fruit gives us a huge advantage during choppy markets because you get many reversals , albeit short lived, and you can get in and get out without much damage to your equity. What we don't want to do is play breakouts within range bound markets. oh no. Thats the concept we explained in The Setup ebook. Breakouts are played when the HTF is trending. good luck (but you don't need luck you need discipline and you're getting there.)

Have a great weekend.

[Tracker]

Not taking that long Fruit yesterday afternoon, but taking all those shitty "Breakouts" just does not go together. !!!! PROBABILITIES !!!!!!!

The above is an important lesson. Fruit gives us a huge advantage during choppy markets because you get many reversals , albeit short lived, and you can get in and get out without much damage to your equity. What we don't want to do is play breakouts within range bound markets. oh no. Thats the concept we explained in The Setup ebook. Breakouts are played when the HTF is trending. good luck (but you don't need luck you need discipline and you're getting there.)

Have a great weekend.

Thanks, Immy.

It's always the same. I do pretty good for a while, and then I slid back into a bad habit, like taking all those breakouts, but as you said, it all comes down to discipline. Often it's not until I am finished with the session that I realise I have been undisciplined or I recognize that I did pretty good.

Have great weekend, too.

Cheers, Tracker

[Tracker]

Traded LO today, but didn't do me much good. Market just went sideways in the M5 box. Second add on in campaign 337 is just to much in that situation. In campaign 339 I should have moved my SL as I originally planed to do. Campaign 340 was just hoping again. Not a valid breakout setup. At least I had reduced the lotsize there.
Those last two days screwed up that batch. A batch that could have been glorious if I would have taken those nice setups available instead of deciding to trade chop. (rofl)
The best phase over the last month was actually when I just traded NEO for 30 to 60 minutes. Sometimes it moved nicely and if not I most of the time managed to just let it be after two or three tries.
Knowing when not to trade and having the discipline to just turn of the thing is sometimes the hardest thing to do for me.
I have to find time to meditate and develop a ritual to get into the Zone.

Camp 337: Fruit Short
Trade 1: Fruit Short + 9.7 Pips
Trade 2: Add On 1 - 5.5 Pips
Trade 3: Add On 2 - 12.0 Pips

Camp 338: Fruit Long
Trade 1: Fruit Long - 7.0 Pips

Camp 339: Fruit Long
Trade 1: Fruit Long - 8.0 Pips
Trade 2: Add On - 14.0 Pips

Camp 340: Breakout Short
Trade 1: Breakout Short - 14.4 Pips (reduced lotsize)
Trade 2: Add On - 18.0 Pips (reduced lotsize)
-----------------------------------------------------------------------------

Result after the 17th batch of 20 Campaigns: - 35,9 Pips (still have to calculate account growth or adjust those pips for reduced lot sizes)


Discipline score for batch # 17:

Entry score: 13
TM score: 7
Exit score: 7

[Tracker]

Traded the NEO today. One nice AA Fruit that should have given me 100 Pips, but I had my SL to close again. Not concentrated. To many other things going on today. Could have been one easy trade that with a second add on would have produced a nice result. The lotsize on the initial trade was reduced to account for the 18 pips risk.

Camp 341: Fruit Short
Trade 1: Fruit Short + 24.5 Pips (reduced lotsize)
Trade 2: Add On 1 + 12.4 Pips (normal lotsize)

[Tracker]

Had lots of other stuff to do and have been traveling and just didn't have a calm mind for trading, but starting from today it is the NEO again.
Had some difficulties to get going at first, but than managed to get some Pips to the bank in the end. Missed that first breakout short, but took the second push down with Campaign 345. The Add On was at an M5 AL to the left. With Campaign 346 I took the second of those small green Fruits long. Would have been perfect if I had taken the Fruit that turned the market and added on above the AL. With the last AA Fruit on the screen shot I have been thinking to much again. Just trading what I really saw today would have given me around 200 Pips, but with all the missed ones and mistakes, I am grateful for the Pips I banked.
I am looking forward to the time, when I just trade what I see!!!

Camp 342: Fruit AA Short
Trade 1: Fruit Short - 9.5 Pips

Camp 343: Breakout Long
Trade 1: Breakout Long - 18.8 Pips (reduced Lotsize)

Camp 344: Fruit Long
Trade 1: Fruit Long - 15.3 Pips

Camp 345: Breakout Short
Trade 1: Breakout Short + 21.4 Pips (reduced lotsize)
Trade 2: Add On + 9.3 Pips (normal lotsize)

Camp 346: Fruit Long
Trade 1: Fruit Long + 39.1 Pips

[Tracker]

Not a very satisfactory NEO session for me. Took the Breakout short right after NEO with reduced Lotsize because of the big SL. Should not have taken the second Add On as Wave 3 was coming to an end, or at least moved my SL above the Fruit. Should have given that long Fruit a try, but didn't, because it did not really pull away from the gator. On the other hand risk would have been low and as stated above, wave 3 was coming to an end. With Campaign 348 I tried the Fruit short. As I was actually trading into wave 4 I should have kept my SL tighter after the first Add On. Almost missed the breakout to the long again, but jumped in at a pullback and with the two Add Ons that followed, managed to make good at least for some of the lost pips.
I am still not trading what I see!!!!!

Camp 347: Breakout Short
Trade 1: Breakout Short - 1.7 Pips (reduced lotsize)
Trade 2: Add On 1 - 7.2 Pips (reduced lotsize)
Trade 3: Add On 2 - 24.0 Pips (normal lotsize)

Camp 348: Fruit Short
Trade 1: Fruit Short - 13.3 Pips
Trade 2: Add On - 14.4 Pips

Camp 349: Breakout Long
Trade 1: Breakout Long + 23.0 Pips
Trade 2: Add On 1 + 11.5 Pips
Trade 3: Add On 2 + 3.0 Pips

[immy]

I am still not trading what I see!!!!!

That's the point. You've found the problem. Now what you have to work on is , staying in the now. The possibilities are there for you to consider but never marry one. Keep your "options open". we can see the possible directions the market can take in the near future while staying in the now but never accept it as a concrete truth/reality. Be prepared for change. Anything can and will happen. Keep a vigilant eye on your minds fixation. The moment you have the feeling of "I know what's going to happen next", understand and "know" that you're about to make mistakes. It means that you've left "probabilistic mindset". Correct yourself by saying, Anything can happen and every moment in the market is unique. How can you know the next moment if every moment is unique? Your mind calculates possibilities and probabilities and then presents it to you as absolutes. We must be able to decipher this information and convert them into probabilities. and keep our minds open.

Keep going, keep going!

[Tracker]

I am still not trading what I see!!!!!

That's the point. You've found the problem. Now what you have to work on is , staying in the now. The possibilities are there for you to consider but never marry one. Keep your "options open". we can see the possible directions the market can take in the near future while staying in the now but never accept it as a concrete truth/reality. Be prepared for change. Anything can and will happen. Keep a vigilant eye on your minds fixation. The moment you have the feeling of "I know what's going to happen next", understand and "know" that you're about to make mistakes. It means that you've left "probabilistic mindset". Correct yourself by saying, Anything can happen and every moment in the market is unique. How can you know the next moment if every moment is unique? Your mind calculates possibilities and probabilities and then presents it to you as absolutes. We must be able to decipher this information and convert them into probabilities. and keep our minds open.

Keep going, keep going!

Thanks for your comment Immy.
You are absolutely right. That is one of my biggest problems. I just wanted to write about that in todays journal. I miss great opportunities by being stuck in my longs or shorts, not accepting that anything can happen. From my journal you will see that exactly the same thing happened again today.
I will keep working on curing that.

Cheers,

Tracker

[Tracker]

Todays NEO gave me one nice trade. Actually it wanted to give two or three, but again I just didn't take what was offered to me. The Pips are there for the taking, but I just don't take them. How stupid is that!?!? I was stuck in managing my short trade and just didn't realize that there was a nice long signal. But its not just not realizing it, its not accepting it. I see it, but am not considering to take it. Its kind of interesting, how my brain just blocks it. If I had turned on my computer just before that signal I would have taken it for sure, because I would not have been wired in the opposite direction.
Have to write it again: TRADE WHAT YOU SEE!!!!!!!

Camp 350: Fruit AA Short
Trade 1: Fruit Short + 38.3 Pips
Trade 2: Add On + 18.4 Pips

Camp 351: Breakout Short
Trade 1: Breakout Short - 2.2 Pips (reduced lotsize)