Nikita`s journal

[Nikita]

New week has started.

Discipline and patience! May be i should make a tatoo..?
It was an empty morning for me. But, as Immy said: "If you re not trading because there are no signals - you are good one". ( rough qouting)

2015-09-21_1202.png

12/20 - Cherry - GFC ok - This was a risky trade. It was that trade Grant calling "not goodlooking setup" - super tight SL - "+0.4%" (Discipline 50%)
13/20 - Cherry - GFC ok - Trailing candles. - "+0.7%"
Total: +1,1%
Discipline: 75%

About ** - i skipped that cherry for two reasons: 1) you can see purple line i made to show that this aws small divergency ( but i think that it was my bad calculation), 2) AO changed colour - so i intentionally didnt take this one. Which was a good one :ymsigh:
But when i start to follow rules and my MM very strictly - my emotional reaction become much smaller. So feel a little sad, but not ok. It s a strange feeling, when you see market moving, but you are just looking. It s a way to train your discipline. For those, who have patience and discipline problems - highly recommended.

P.S. Really thinking about setting hard TP 1:2. What do you guys think about such approach? On the one hand i dont want to set limits on my trading, on the other hands - 1:2 is the most popular RR in m1 trading..

[Nikita]

What a day! Congratulation to all, who managed to take a peace of that enormous move.
As for me - today i was just a spectator..

2015-09-22_1225.png

14/20 - Cherry - GFC ok - BE = "0%"
15/20 - DC - it was more intuitive trade, than realised that AO didnt create new lower peak, so closed at BE with a slippage - "-0,1%"
But last trade was terrible.
From now on - if i take a trade i keep it till TP or SL is triggered. So discipline - 0

Total: "-0,1%"
Discipline: 50% (very bad perfomace)

[Nikita]

My T20 compaign is still moving on!

2015-09-23_1205.png

16/20 - DC - i use 15pips filter for DC, so that one was ok - Exit was a little conservative, i used Grants technique - if HTF level near - set TP on tat level. - "+0.8%"

Cherry at 11.09 - disputable question. Clear new peak (not higher than previous) - so GFC not ok, but i had some bad feelings, so skipped cherry, which worked out nicely.

Total: "+0.8%"
Discipline: 90% (most of the time i use TC for exti, but here i felt a kind of fear, so dont like that feeling. From now on - set TP at HTF level wont be counting as a rule break, but now - it is.)

[immy]

Keep it simple. Look at the peak and if you think its a new peak, and price is moving nicely in one direction, just take the signals and do not predict at the time of taking the setup. When we take the setup we do not know what's going to happen next and we are there to find out .We also know that 33% of our trades will turn into BE's meaning we have WON back our initial investment, 33% of them will be losers and the rest of the 33% of them will be winners. This is what we know before we have put a trade. So there is certainty. We are certain that it will either be a winner, a loser or a BE. It cannot be anything other than that. So relax and take setup and apply the TM rules. NEXT NEXT NEXT


ps: yes it would be nice to always catch every move in the market but that simply is not possible. If you'd like to catch all the moves on m1 chart you will have to trade a 100 times everyday and perhaps make 100's of points but some days will also be 100s of points losses. We cannot sustain that. e.g. Michael Zlabinger was making 1000 pips a month but he thought it was stressful so he stopped. because he found a way to make nearly the same kind of returns by trading 3 times less than that. So, the point is, never lament over the past, never drool over the history, never wish for catching that move that happened when you were not around or when you were around but system did not generate a signal. Trust the signal and love the system.

BE PROUD THAT YOU ARE BOUND BY THE RULES OF YOUR SYSTEM
DONT BE PROUD OF BREAKING RULES BE PROUD OF FOLLOWING RULES

[Nikita]

Thanks a lot for your support, Immy. Need to overthink everything. Need to kill my greed, passion to become a billionare within a week, wish to grasp a bunch of pips. Need to enjoy the process. I ll be there. And i will start with loving my rules!

2015-09-24_1159.png

17/20 - Cherry - GFC ok - set hard TP 1:2. Market doesn seem to look very trending so decide to close it that way. - Discipline: 50%, usually use TC, but here.. - "+1,8%"
* - that could be a super nice DC. But my EA v.7.1 didn show me that dot. After rebooting of my template the dot appeared! In the wake of that technical problem i lost my balance and decide to finish this session.

Total: "+1.8%"
Discipline: 50% (but not sure how to calculate this, because i decide to set TP earlier than set PO + very satisfied with this result..)

P.S. Feel a little bit weird that stop trading earlier that LO will come to its end. But i assume that inner condition is 80% of success.

[zlabis]

Thanks a lot for your support, Immy. Need to overthink everything. Need to kill my greed, passion to become a billionare within a week, wish to grasp a bunch of pips. Need to enjoy the process. I ll be there. And i will start with loving my rules!

17/20 - Cherry - GFC ok - set hard TP 1:2. Market doesn seem to look very trending so decide to close it that way. - Discipline: 50%, usually use TC, but here.. - "+1,8%"
* - that could be a super nice DC. But my EA v.7.1 didn show me that dot. After rebooting of my template the dot appeared! In the wake of that technical problem i lost my balance and decide to finish this session.

Total: "+1.8%"
Discipline: 50% (but not sure how to calculate this, because i decide to set TP earlier than set PO + very satisfied with this result..)

P.S. Feel a little bit weird that stop trading earlier that LO will come to its end. But i assume that inner condition is 80% of success.

IMHO, you did the only right thing, if you felt that anger or frustration was rising, you had to stop.
Tomi came up with a very good phrase for that: "hitting mental barrier"!!! - I'm very thankful for that, Tomi ;-)
To me, it's an as important stop condition like hitting daily or weekly SL.

[Nikita]

I m really hope that I did right. I'm a bit afraid that the real reason was a fear of losing my profit. But was worried that every second thought in my mind was "maaaaan, if you caught that DC you could me 4% more up!" And next thought is that i really want to make many pips per days many of you guys already doing!
I assume that with such approach I'll be defeated by my greed and finally lose. So by now I m trying to feel, when I m at my mental limit and turn off my PC. It keeps my from trading irrational and irresponsible! I m paying a lot attention to solve these problems, especially eager to grasp 3-4% per day... But rules and my mental toughness is helping me lot.
So if you know approach that helped you to defeat or to lock your demons - will be really great full for such feedback.

No luck, only discipline and patience.

[Grant]

I m really hope that I did right. I'm a bit afraid that the real reason was a fear of losing my profit. But was worried that every second thought in my mind was "maaaaan, if you caught that DC you could me 4% more up!" And next thought is that i really want to make many pips per days many of you guys already doing!
I assume that with such approach I'll be defeated by my greed and finally lose. So by now I m trying to feel, when I m at my mental limit and turn off my PC. It keeps my from trading irrational and irresponsible! I m paying a lot attention to solve these problems, especially eager to grasp 3-4% per day... But rules and my mental toughness is helping me lot.
So if you know approach that helped you to defeat or to lock your demons - will be really great full for such feedback.

No luck, only discipline and patience.

N,

If i were you i would decrease your lot size per trade to "either" the minimum you can trade or 0.25% and just trade following the rules (both entry and managing) you have set yourself. That way you should get used to taking each signal and managing them all properly... no fear or greed to hinder with lower lot sizes...

After say 20 trades, see where you are results wise both % wise and discipline wise...

Grant

[Nikita]

G, thank you for commetn. But i tried to do this many times. Reducing lot size making me feel completely loser, so when i see serious problem with my depo, than i will immediately decrease lot size.

Btw, today Immy mentioned "best strategy". I fully agree, that best one is that suits you: your way of thinking, breathing, your patience.
I found out that setting hard TP makes me feel really calm. Even if price continues to drop (fly), i m pretty happy with my 1:2. Cause in prespective such approach can transform your depo into somthing really special!

2015-09-25_1214.png

18/20 - Cherry - GFC ok - but it was kind of impulisve trade. I dont really take 1st AO bar change signal,, cause most of the time more nicely setup will appear soon. - Discipline 50% (exit 1:2) - "+2,2%"

Total: "+2,2%"
Discipline: 50%

[immy]

Formula for Successs
Trade what you call GFC
Filter based on Divergence and tZ1
1% Risk 2% TP
1 : 2 Risk Reward

enjoy