Michal's Journal

[immy]

Michal

Well done great trades ...

There was nothing for me on DAx today. I'm trading M5 due to popular demand in Skype Less trades bigger winners!

Have a Great Weekend!

[Michal]

Ny session for me today :
Time 1pm uk - 4.30 pm

pips - 13
Result of 18 trades: +118 pips

My total number of trades today is : 12
Wrong trade is :
number 12= there was only 2 candles so should have wait for at least 3 candles

Today Dax wasnt moving a lot in one direction. After first trades i did get some pips but later on lost them - next day tomorrow
I am happy with nearly all my trades. When i analyze them now i think i've made one mistake which gives me :
11 correct 1 mistake


If someone see more mistakes in my trades today please let me know so i can learn. :-bd

[immy]

10, 11 , 12, 13 , 14 all mistakes. Even T7 is a mistake but you don't mind because it gave you profit. there was no angle there.

[immy]

even the later trades can be counted as "errors"... why? the answer is as follows but before that I'd say, (its ok you traded them, that's fine but we can trade better than this, we can trade in a little cleverer way by assessing the situation and analysing the market from the persepective of whether the conditions in the market are suitable for edge that we have?)

you can clearly see market does not have volatility. its not showing any signs of major movement. you have to assess that into your trading. otherwise we will make an EA, but you know they don't work. Know the Rules, and then play better than others. (Einstein) So there are two subjective analysis that we must do, that's what we have our brains for. 1. Visually see the angle, and angle means 2 things, visually there is angle between price bars and gator, plus 2. there is volatility in the market the market is moving with some power. thats your analysis of volatility which is vital for m1. Remember the only time you have an edge on m1 is when VOLATILITY IS HIGH. Whoever is trying aims or whatever other strategy on m1 without high volatility is wasting their time. Its all about volatility. If there is no volatility we will never move to m1. Simple.

[Michal]

Great stuff Immy thank you so much ! I will apply your suggesstions from next session i trade. ^:)^

[Michal]

Ny session 1 -4 uk time

Result : + 52 pips

My last trade number 4- it hurts my eyes now but i decided to exit since market was very slow and got a fruit on purple lane.If waited to exit on green would at least double the amount of pips but that time this is how i saw it. #-o ( could be +50 if closed on green ) - I just love Aims ! (rofl)

So from this on I wont be posting a picture of excel. what i focus on now after every batch of 20 trades i will count my mistakes as Immy suggested. So i started new batch of trades today let's see how many mistakes. Obviously it's kind of hard for me to point out every each one so help of you guys will be much appreciated ! :-bd

Today i was trying not to make too many mistakes like yesterday.Im kind of happy with all my trades aparart from :
Trade 1 = This fruit wasnt far from gator lines but price quickly moved up and then this Fruit plus it was 14.30. mistake?
Trade 4 = Price went up for long + divergence in the place + thought its not very far from gator but angle is quite ok to try = mistake?

[Michal]

I was a bit frustrated yesterday as i couldnt trade. When i was checking charts thought i might got sth but it's always easier to say for me after .... But im happy every thursday im off so can enjoy it

I dont know what is the reason behind but nearly every session i trade on thursday morning its very profitable.
Today's session

8-10 uk time
Result: +83 pips

Once 20 trades are completed i will count mistakes so others can tell me whether im wrong or not and will give a bit of explanation to trades which im not sure.

[immy]

Once 20 trades are completed i will count mistakes so others can tell me whether im wrong or not and will give a bit of explanation to trades which im not sure.

You count mistake Right There and THEN! not at the end of 20 trades. and OTHERS don't have to tell you YOU SHOULD know what is the mistake. If you think its right we might point you out and correct you but it is YOU who should see the mistake and record it daily.

cheers well done on your trading today

[Michal]

Yes , will judge my trading and say what i think is mistake but will need to know whether im wrong or not. I didnt expect any other way
So i wont wait i will count after every session;) cheers

Thx Immy

[immy]

Yes, you're suppose to market them as Error trades and correct trades based on your perception, feck others they are not YOU. and you record them when you make this jouranl post. after you're made the post, gives us a chance to comment our BS.

all the best. th