Tracker's Journal

[Tomi]

Nice story. I think that Forex Tester 2 is the engineer from the story. When ever you feel bad or having a loss streak (the vein of gold ore disappeared), start simulating (consult to engineer) and you will see that loss streaks ends to one or two good runs (dig 3 feet more) that turns equity up.

[Tracker]

I like the story Immy, that's exactly what it often is like.
Thanks for the lesson today.

regards,

Tracker

[Tracker]

The morning session was ok. Didn't really make any pips, but followed my rules and stuck to the plan. Actually wanted to stop trading at 10:45, that's why I didn't take the little Fruit short. Then I saw the market started to move and got in on the Fruit long. SAR got me in short. Exited above the Fruit long. Have to count that as mistake. Wanted to make some profit and as usual gave away a much bigger profit. Just put the yellow lines in there to show myself what could have been done there. Mistake # 2 was not taking the Fruit Long.
The afternoon session was really good. Finally did what had to be done and I am feeling pretty happy about it.

Camp 102: Fruit Long
Trade 1: Fruit - 11.5 Pips

Camp 103: SAR Short
Trade 1: SAR - 6.4 Pips

Camp 104: Fruit AA Short
Trade 1: Fruit - 4.1 Pips
Trade 2: Add On - 12.6 Pips (could have closed that trade after PC had formed and it went through the gator a second time)

Camp 105: Fruit AA Short
Trade 1: Fruit - 6.4 Pips

Camp 106: Fruit AA Short
Trade 1: Fruit - 2.5 Pips
Trade 2: Add On - 6.4 Pips

Camp 107: Fruit Long
Trade 1: Fruit - 9.1 Pips

Camp 108: SAR Short
Trade 1: SAR + 14.5 Pips

Camp 109: Fruit AA Short
Trade 1: Fruit + 23.2 Pips
Trade 2: Add On + 11.7 Pips

Camp 110: Fruit Long
Trade 1: Fruit +16.8 Pips
Trade 2: Add On + 7.5 Pips

Camp 111: Fruit Long
Trade 1: Fruit + 22.7 Pips
Trade 2: Add On + 14.3 Pips

Camp 112: Fruit Short (played it both ways in case the market turns around)
Trade 1: Fruit - 8.1 Pips

Camp 113: SAR Long
Trade 1: SAR + 17.8 Pips

[Tracker]

The morning session was not good for me, as I decided not to take those breakouts at LO anymore, but to wait for the first Fruit signal I didn't get in long. Tried to go short on two occasions. Missed the third Fruit short and the AA Fruit long. Been on the phone mistake #1 and mistake #2. Have to turn the phone of and just concentrate on trading those two hours. So missed out on 40 Pips long from that AA Fruit.
Right at the beginning of my afternoon session an AA Fruit got me into a nice long trade. Thought about closing the trade near the top of that 14:56 bar, but stuck to my green line rule. Looking at it now the 15:02 Fruit would have been a nice exit and SAR. But there is no angulation so I didn't take it. On the other hand one could have argued in favor of that Fruit. It was at the top of Wave 3, last grasp upwards.
So I think my decision was ok, but not the only valid possibility.
Campaign 117 was a fruit with really good angulation, but didn't work out. SARd and it could have been a nice long trade but I closed it below the green line a few seconds before it turned upwards again. I should have stayed below the AL. This was clearly a mistake and one that I made before. Strictly speaking I followed my rules, but if the AL is that close I should give the trade that little extra space to move. It happened to me a few times before. Have to look and count similar occasions.

Camp 114: Fruit Short (1-2)
Trade 1: Fruit - 13.8 Pips

Camp 115: Fruit Short
Trade 1: Fruit - 11.8 Pips

Camp 116: Fruit AA Long
Trade 1: Fruit + 39.1 Pips
Trade 2: Add On + 32.4 Pips

Camp 117: Fruit Short (nice angulation)
Trade 1: Fruit - 9.1 Pips

Camp 118: SAR Long
Trade 1: SAR - 9.3 Pips

[immy]

You can count the missed opportunities as mistakes but there is no way you can count them in T20's. You only have to focus on the ones you've trades. Looking at the two trades, you've taken, they seem to me a desperate attempt to get some pips. Were you thinking the market has gone too far up, its time it turns around? were you also fooled by a number with 0's? or were you in the now, objectively identifying the setup? Are you happy with the angle between price and gator for these two trades?

[Tracker]

You can count the missed opportunities as mistakes but there is no way you can count them in T20's. You only have to focus on the ones you've trades. Looking at the two trades, you've taken, they seem to me a desperate attempt to get some pips. Were you thinking the market has gone too far up, its time it turns around? were you also fooled by a number with 0's? or were you in the now, objectively identifying the setup? Are you happy with the angle between price and gator for these two trades?

I was aware of there being no angulation, but saw the first setup as an 1-2 Setup and as that failed the second setup as the end of the wave. And, ok I thought about the number with 0's a little,too.

[immy]

Right that makes sense. nothing wrong with that... NEXT

[Tracker]

Right that makes sense. nothing wrong with that... NEXT

Please, Immy take look at the second chart now. Nice long trade. Should I have closed it and SARd at 15:02!? But there is no angulation there. Do you think the situation is totally different from the one this morning, where I took the Fruit short in Camp 114??

Thanks for your helps and comments.
Always appreciated.

Cheers Tracker

[immy]

No angle no trade simple don't do your head in! don't think too much about these things. You took a nice long trade you got out at green line. well done. that's it. of course the two events might look like the same but they are unique events. Even no angle fruits might turn in to good winners but its about higher probability. and its about consistency. Focus on the trades you take and ignore the ones you don't. Focus on your rents only with on intent, was it a good setup? if the answer is Yes, give yourself 1 discipline score if the answer is no give yourself 0 score for that one. The ones you missed are not counted in this but if you want you can keep a separate score of how many signals you missed due to a. flawed technical analysis (which is really no problem, because money is not made as a result of good TA) or b. flawed mental analysis, which means you were not objective, you experience fear of losing, or being wrong or you did not cope with "uncertainty" and decided to skip it. At times your mind might even trick you to believe it was technically not a good setup only to find out later it was all ok.

[Tracker]

No angle no trade simple don't do your head in! don't think too much about these things. You took a nice long trade you got out at green line. well done. that's it. of course the two events might look like the same but they are unique events. Even no angle fruits might turn in to good winners but its about higher probability. and its about consistency. Focus on the trades you take and ignore the ones you don't. Focus on your rents only with on intent, was it a good setup? if the answer is Yes, give yourself 1 discipline score if the answer is no give yourself 0 score for that one. The ones you missed are not counted in this but if you want you can keep a separate score of how many signals you missed due to a. flawed technical analysis (which is really no problem, because money is not made as a result of good TA) or b. flawed mental analysis, which means you were not objective, you experience fear of losing, or being wrong or you did not cope with "uncertainty" and decided to skip it. At times your mind might even trick you to believe it was technically not a good setup only to find out later it was all ok.

Ok. I will start a discipline contest with myself. Thanks for your comment. I know that it is all about the higher probability, and I am working on identifying and the setups and trading them without fear or regret. It's like in that movie 21, when the odds are in your favor than get and if the table turns, stop playing.

Cheers Tracker