Nikita`s journal

[Nikita]

I m back. It were long 2 weeks. YD i had feeling that i havent readed for years! Was nerveous, so spent sunday on reading all my articles, all journal notes and some mental stuff.

Today market was really welcoming, as our skype chatroom.

2015-10-19_1149.png

11/20 -GFC ok - Cherry - DS 1 - "+2%"
12/20 - GFC ok - didnt takre monarch seed, wasnt sure about clear move. After 2 more candled took a seed - DS 1 - "+2"
Total: "+4%"
DS 2/2

[immy]

Fantastic trading, great discipline! keep going

[Nikita]

Thank you for that!

This day was quiet. DX start to move without me, and finished the session with nice S1 without me.
I can see S1 clear, but i intensionally not taking it, due to checking DC/cherry/seed approach. So today i was just watching.
One trade with BE, but DS 0. Gave it a chance due to trend direction change.

2015-10-20_1203.png

13/20 - Cherry - GFC ok - but price made new low - Ao didnt. So should filtered it. - DS 0 - "0%"
Total: 0%
DS 0/1

Patience and discipline.
There always be tommorrow, when market offers you what you need. Just be patience and gratefull to yourself.

[immy]

don't be too hard on yourself The MASTER took it too! I think. it was not a bad trade. and well managed.

[Nikita]

May be you R right, Immy. But i broke my rules..
And today i made the same. Was eager to have a trade. But this time it was priceless method.

2015-10-21_1212.png

14/20 - Cherry - GFC ok - DS 1 - 0%
15/20 - Cherry - it was old wave, no new peak, AO didnt change its colour - DS 0 - "-1%" (Thank to Grant that helped my to understand my mistake. Very usefull info about wave analysis)
16/20 - Cherry - GFC ok - DS 1 - 0%

Total: "-1%"
DS 2/3

Patience and discipline are the keys to Forex door.
Need to fight with my demons.

[Nikita]

Another day of zero wind. It s already 3 in the row! longest perioud on m1 for me.
But i feel proud of myself. 3-4 month ago i d lost many % within such days. But now i dont lose. It is very important part of trading.
Days of calm - the most dangerous days for trendfollowing systems. Only skilled guys can recognize it and avoid big losses.
When you can get through such days with your rules unbroken, when can say to yourself: "Man, you made it right" not looking at results, exactly within such days you feel yourself real trader. Not an amateur "billioner"( you can met on every forum but AIMS), but the one who radiate confidance.

2015-10-22_1202.png

17/20 - Cherry - GFC ok - DS 1 - "0%"

Total: 0%
DS 1/1

Patience and discipline.

[Nikita]

Last day of the week. Very specific week. We could observe a week of volatility but without opportunity to earn. It was a test for patience, it was challange for discipline.
It was a perioud of big losses for those who dont follow their system, who dont belive it, who bend the rules.
If i m not mistaken it s been a while since dax show us such unprofitable week. But we are living in the world of probabilities! So everything could happen.
And our goal is to be ready for every way of market development. We should be like water: if it s needed we are firm, if it is hot - we are steam. If market go down we are river flow. If market goes up - we are geyser!
Unfortunately my week results if far from being good, but i realy enjoy the state of mind which helped me to get through such tough week. Everytime i finished my one-session day i assume that i made the best i can. I gives me the power to go on. The rules always help you to be afloat. All you need is to wait for your hour and all your losses wil be covered. But until then you must be patient and discilpline.

2015-10-23_1229.png

18/20 - cherry - GFC ok - DS 1 - rent - "-1%" (despite the good news for German dax didnt react at all)
19/20 - seed - GFC ok - DS 1 -maybe it was a little to late. But gave it a chance. Had feeling that dax cant be that still the whole session (but remember about probabilities) - rent - "-1%"
Total: "-2%" my day limit is 3%
DS 2/2

P.S. my personal way of be patient is to remind to myself - "there always gonna be tommorrow. dont spoil your life today"

[Nikita]

My 2nd T20 perioud ends with 9,8% result. It s amazing result.

Today market was pretty quiet (as a whole week before).

2015-10-26_1316.png

20/20 - CHerry - GFC ok - BE (didnt reach TP for 0.7 pips) - DS1 - 0%
Total of 20: "+9,8%"
DS: 15/20 it is many work left. So keep going


1/20 - seed - GFC ok - but pull back was very strong in compare with down move. Os location was bad - DS 0 (it was a revenge trade) - "-1.2%" slippage
2/20 - seed - GFC ok - it was end of the session, UP move was nice, but next - DS 1 - "-1%"
Total: "-2,2%"
DS: 1/2

I little angry with 1/20, but will work on such trades.
NO luck, just discilpline and Patience!

[immy]

Nikita

1. Well done on achieving nealry 10% account growth as a result on ONLY 20 Trades. but... but but

Don't forget

2. You should focus on "I have achieved my goal of 18 out of 20 DS"

Keep going... The Goal is to Achieve 90% discipline. The growth will sometimes be 20% other times 10% and other times BE or just under zero. What's iimportant is 28 out of 20 discipline score...

3. The moment you feel angry about the result of the trade based on "whether made 2% or not" you are losing focus. Remember BE -1% and 2% all three are your targets. And if you manage a trade that hits either of them your trade is a WINNER

Nice feeling i know! great

[Nikita]

Very deep thoughts, Immy. Need to think about it. Thanks for sharing.

Today for the 1st time i reached my day limit "-3%". And the 1st thing i did - i had closed MT4. Hope, it saved me much more money that i lost today.
All the trades i took were ok for me. Location - ok, it was the 1st 30 min of LO, so volatility was on my side. May be i was too eager to trade.. I cant say this with confidence.
I wasnt worry or smth like that. It just happened.
Later i will take a look at every trade again. But i have feeling, that i did ok. So i ll try to pat myself.

2015-10-27_1130.png

UPDATE 29.10

3/20 - seed (monarch) - GFC ok - may be it was emotional trade, but in line with my rules - DS 1 - "-1%"
4/20 - cherry - GFC ok + position of this trade was better that 1st one - DS 1 - "-1%" (this trade i took, even 1st one was still in force, due to almost same TP point)
5/20 - seed - GFC ok (new peak) - attempt to catch 5 of 3 - BUT DS 0, to not overtrading i should take 1-2 trade per wave. So last trade was a mistake - rent - "-1%"
Right after 3rd trade i thought of 4, but quickly turn the MT4 off.
Total: "-3%"
DS 2/3

It is my 1st day when i reach rent limit. Need to oversleep with that. I think it is very usefull experience, although very unpleasant. The one which sets seeds of unfonfidence.

Discipline and patience.