Peter's Journal

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exponent83
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Re: Peter's Journal

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Image

Pair DAX
Entry: Seed, (inside box trades: wrong button, Monarch...)
Exit: TP at 2R, BE at 1:1, with ATM.
Result: -1%, Deleted PO, -1%.
DS: 1/3
Comment: Well managed Seed entry. After this 2 errors, inside the Channel...
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exponent83
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Re: Peter's Journal

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Image

Image

Pair DAX
Entry: Cherry, Deleted Seed PO, well managed Seeds.
Exit: TP at 2R, BE at 1:1, with ATM.
Result: +2%, Deleted PO, -1%, +2%.
DS: 2/4
Comment: Well managed Cherry positions. I was focused, every steps were clear. But 2 trades were after trading hours...
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exponent83
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Re: Peter's Journal

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Image

Pair DAX
Entry: Deleted PO, well managed Seedish entry. Not disciplined entry, but worked well.
Exit: TP at 2R, BE at 1:1, with ATM.
Result: Deleted PO's, +2%.
DS: 1/3
Comment: The first PO was a mistake. I saw the pullback, and took a PO at the end of that, on blue line. I saw a Seed, and deleted it, because the next candle closed below the candle's low. But I entered again with PO, because I saw, the previous entry level is still an option. Worked well, but mistake. Overthinking, complicating... I have to forget these actions.
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exponent83
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Re: Peter's Journal

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Pair DAX
Entry: Deleted PO's
Exit: TP at 2R, BE at 1:1, with ATM.
Result: Deleted PO's
DS: 0/2
Comment: Well managed PO's. New high's, so good work. BUT these trades were after trading hours, and there was a Seed before them, which didn't take. Oh well.
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exponent83
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Re: Peter's Journal

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Image

Pair DAX
Entry: Seed
Exit: TP at 2R, BE at 1:1, with ATM.
Result: +2%
DS: 1/1
Comment: this was an epic position. I enjoyed every seconds of it :)
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exponent83
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Re: Peter's Journal

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Image

Pair DAX
Entry: Seed, Cherry, Seed
Exit: TP at 2R, BE at 1:1, with ATM.
Result: -3%
DS: 1/3
Comment: First try was correct as per the rules. But the others were after divergence, so errors. And 2 entry for a wave is enough, I tried 3 times...
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exponent83
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Re: Peter's Journal

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Pair DAX
Entry: Seeds
Exit: TP at 2R, BE at 1:1, with ATM.
Result: -1%
DS: 0/3
Comment: It was the end of the day, but the rent and deleted PO after that were correct. The last trade was after trading hours.
BUT I took -3% in the morning, so these trades were not valid, I reached the daily stoploss limit. Bad discipline.
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exponent83
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Re: Peter's Journal

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Pair DAX
Entry: Seed, Cherry
Exit: TP at 2R, BE at 1:1, with ATM.
Result: +2+2%
DS: 2/2
Comment: A very clear Monday morning. I took my 4%, and left the screen, only watching the moves after that. I think every steps were valid.
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exponent83
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Re: Peter's Journal

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Pair DAX
Entry: Seeds, Cherry
Exit: TP at 2R, BE at 1:1, with ATM.
Result: Deleted PO, BE, +2%
DS: 3/3
Comment: I saw every steps, like an Almanach. I waited the new Wave3, and it happened. And I took that epic 2% short trade. I enjoyed this process. Every day better and better.

This last week was a great one in my trading history. 15% is really good. My discipline score is 60%, it can be better, I see my mistakes, and see the way of evolution. At the last few days I was more focused. I wish You Merry Christmas Guys!
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immy
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Re: Peter's Journal

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exponent83 wrote:Image

Pair DAX
Entry: Seeds
Exit: TP at 2R, BE at 1:1, with ATM.
Result: -1%
DS: 0/3
Comment: It was the end of the day, but the rent and deleted PO after that were correct. The last trade was after trading hours.
BUT I took -3% in the morning, so these trades were not valid, I reached the daily stoploss limit. Bad discipline.
Its good you realised that it was a behaviour of breaking rules. Would you like to repeat this behaviour more often? or would you like to reduce the occurrence of this behaviour? Do you want the monkey to be fed after a bad behaviour or good one? If you think it was bad behaviour, one that you do not want repeated, you must then have disciplinary procedures? I gave you some in the sample plan, and since I know you have adopted that plan, how will you enfore your discplinary procedures? what is it that you have promised to yourself that you will do if you break your rules? are you going to "not to do something" that you would have liked to have done? or are you going to make yourself doe something that you don't really like doing? For me the thought of "no trading the next session" if you make 2 mistakes is a horrible feeling. It keeps me disciplined? have you tried something like this? We are our own dogs/monkeys... we have to train ourselves...

all the best...

Those who traded this week are either geniuses or they just don't know when to stop or how to make their trading plans...
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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