Today I was watching most of the day apart from school run time and when I had to pop out mid morning but I didn't manage to place a single trade! Tomorrow is another day.
Darren's Journal
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Darren
- Posts: 891
- Joined: 20 Nov 2012, 13:54
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Re: Darren's Journal
I understand what you mean Immy and am looking forward to taking some good trades on the Dax.
Today I was watching most of the day apart from school run time and when I had to pop out mid morning but I didn't manage to place a single trade! Tomorrow is another day.
Today I was watching most of the day apart from school run time and when I had to pop out mid morning but I didn't manage to place a single trade! Tomorrow is another day.
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immy
- Founder
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Re: Darren's Journal
It was a tough one today. Well done on not trading at all... \m/Darren wrote:I understand what you mean Immy and am looking forward to taking some good trades on the Dax.
Today I was watching most of the day apart from school run time and when I had to pop out mid morning but I didn't manage to place a single trade! Tomorrow is another day.
What is the Secret of Successful Trading?
The Consistent Pursuit of DS1
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!
The Consistent Pursuit of DS1
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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Darren
- Posts: 891
- Joined: 20 Nov 2012, 13:54
- 12
Re: Darren's Journal
One of my worst days for a while today trading Dax. All of my trades were losers and in hindsight I should have given up after the first 3 losers but I felt sure there was going to be a move at some point!. As it happened they weren't massive positions so I didn't do too much damage, apart from to my pride! To add insult to injury it was a great currency trading day but I only took one trade on EU as I was concentrating on Dax. 
Roll on next week! :-s
Roll on next week! :-s
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Grant
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Re: Darren's Journal
Darren wrote:One of my worst days for a while today trading Dax. All of my trades were losers and in hindsight I should have given up after the first 3 losers but I felt sure there was going to be a move at some point!. As it happened they weren't massive positions so I didn't do too much damage, apart from to my pride! To add insult to injury it was a great currency trading day but I only took one trade on EU as I was concentrating on Dax.
Roll on next week! :-s
Morning darren,
as Sam said rinse and repeat mate... A couple of constructive observations of your DAX trades if i may....
Trade 1: you answered yourself
Trade 2: On entry what was the size of the AIMS box... i don't have my charts open but it looks kinda big to me as that lower aims created by the candle 1 before your entry wouldn't have been there.
Trade 3: with m1 alli wide open and the H1 having already been retested twice i would have used the m1 aims level, that way my SL would have been a lot tighter...
Trade 4&5: AO had already diverged before entry... not at all a bad entry just not higher probability
Trade 6: Good trade just never worked...
as for the Eu trade :-bd :-bd
have a great weekend
Grant
success = patience + discipline - greed
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Darren
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Re: Darren's Journal
Thanks for the constructive criticism Grant. You are right about trade 2, I should have waited for the Aims box to be confirmed before entry and the rest of your comments are spot on. I will try again on Monday hopefully with a little more patience and the good trades will come!
Cheers.
Cheers.
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Darren
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Re: Darren's Journal
Two trades so far today. Dax still isn't behaving!
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Nikita
- AIMSter
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Re: Darren's Journal
Dax is a naughty boy now.
Nice done with GU!
Thank yuo fro sharing fractal moving expert and your Easy order!
Nice done with GU!
Thank yuo fro sharing fractal moving expert and your Easy order!
Who says we cannot predict, you can, thats not a problem, problem is how you react after you've predicted. (c) Immy
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Darren
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Re: Darren's Journal
Small losing day today.
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Nikita
- AIMSter
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Re: Darren's Journal
I agree with Sam. After two big spikes it was pretty risky.
But i m sure, you knew what you did. Just next!
But i m sure, you knew what you did. Just next!
Who says we cannot predict, you can, thats not a problem, problem is how you react after you've predicted. (c) Immy
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Darren
- Posts: 891
- Joined: 20 Nov 2012, 13:54
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Re: Darren's Journal
Thanks for the comments guys. I wasn't very happy about the EU trade so I shouldn't have taken it. The trend was strongly down but I tried to catch the retracement as there was some vaguely positive news out for the EURO, it just didn't work out. I should have stuck with the trend!
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