Tomi's friendly market journal

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wiseambitions
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Re: Tomi's friendly market journal

Unread post by wiseambitions »

Thanks for your frank appraisal of this morning's experience when you lost 15 pips in 3 goes, with trades of about 20 minutes 10 mins and 10 mins.

Much the same here.

We just got sucked in, I would say for following the rules, but chewed up in whipsaw

I hope you get your 15 pips back double soon!
I wish more people would come on here to share something on their journals

[center]IF YOU CANT EXPLAIN IT SIMPLY YOU DON'T UNDERSTAND IT WELL ENOUGH (Einstein)

1% daily gain, compounded for 250 trading days, (approximately one year) would produce 1103% account growth[/center]

"Markets reflect the positioning of the sum total of investors – they are not driven by something an individual investor knows that the rest of us don’t, but they do to an extent reflect what investors think other investors are thinking and so can diverge in the shorter term from the economic fundamentals."
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Tomi
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Re: Tomi's friendly market journal

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Last edited by Tomi on 08 Jan 2025, 10:34, edited 1 time in total.
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Tomi
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Re: Tomi's friendly market journal

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immy
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Re: Tomi's friendly market journal

Unread post by immy »

Tomi wrote:Hi, I have "a problem" now :D

a mental one ;)

I started to watch more closely M5 AO and if it's losing momentum I could stay out and get rid of some of the whipsaw. But.......as I'm trading only setup 1's and when M5 alligator is open, I have a problem as there aren't that much trades available. Please see the following sample just about now.

In M1 everything looks very good, but in both cases M5 AO is going back to ZL until the setup has gone already. So basically in order for me to catch these moves, I have to enter to trade when M5 AO is losing momentum. These are basically the trades I'm waiting: M5 alligator open, M1 setup 1 occurring.

Just a tought that either
a) I can't put too much focus on M5 AO
b) I have to take setup 2's also
c) start trading breakout trades
d) just be patience and wait for the setups that are for me
e) stop analyzing too much, get experience and trade ;)

At the moment I'm trying to do d) and e)

Enough for now. Got to get the kid from the school ;)
m5_ao.jpg
Tomi

I'll just say this...

Both were perfect Setups!
What is the Secret of Successful Trading?
The Consistent Pursuit of DS1 :nerd

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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Tomi
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Re: Tomi's friendly market journal

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Tomi
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Tomi
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Tomi
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Re: Tomi's friendly market journal

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No chart time today. Kid is having an autumn holiday week and most likely I don't have chart time at all this week. Have fun for those who trade!
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Tomi
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Tomi
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