Michael's (zlabis) Journal [The Magician]

[immy]

oh yes, lets become the KINGS of DEMO only then you might become the Pawn of Real Trading.

[zlabis]

Wed. Dec. 03, 2014

Screen time 9:00 - 10:30 am (GMT+1) M1/M5 DAX only,
Time in front of the charts was scattered because I was busy with paper work for tax decleration. It wasn't probably a very good idea to trade without full concentration, therefore it was clear that mistakes had happened.

Was a strange beginning of LO session. At exactly 9:00am it jumped up for 2 minutes of 32 Pips and reversed after it. As AO crossed zero and price pulled back I thought to catch nice w3 with trade 1 but in hindsight it was probably already in the middle of w3 but anyway. Trade would have made small profit of 6 Pips if it wouldn't have exited to soon as EA pulled SL to green gator. It was my mistake not to check if gator trailing was disabled. Made a 2nd attempt to catch more of the down-move. Entry was not to bad but had slipped about 3 Pips. At the next nice up-fruit SAR of trade 2 and entry of trade 3. Management of this trade + add on was ok until same mistake as at trade 1 happened again. Although I did check EA settings I failed changing gator trailing settings and I didn't realize it. SL got hit and there was - 17 Pips rent instead of + 35 Pips for trade 3.

The lesson of today's trading session is that I better not do something else while trading otherwise the error rate increases dramaticly.

Today's result:

- 6 - 2 - 17 = - 25 Pips.

I have no problem at all with -25 Pips but I'm annoyed that it happened because of technical and operational mistakes of mine. The difference is about 60 Pips without those errors. NEXT with focus and concentration again ;-)

[immy]

Mon. Dec. 01, 2014

No trading today due to much work in real estate business and some family-things. Nevertheless it was a good training to stand temptation to look at the charts during breaks. I think it's important to me, not thinking about trading all the time while not in front of charts.


Tue. Dec. 02, 2014

Screen time 9:00 - 9:45 am (GMT+1) M1/M5 DAX only

LO session started with a short period of ranging but went up sharply after bottom was reached where a nice fruit appeared on M1 and M5 as well. Had a rent as first trade and a nice winner with the up-move. I was a little bit lucky with my initial trade at the winner since down range was not completed at that time but I survived the pull back. The add ons were very clear and the exit of the long trade was done manually at sharp down fruit.

Again I had a rent before it went in my favour - IMHO, the history of today's DAX trading is very similar to many other profitable days with a short period of indecision at the begining before it moves strongly in one direction where we can make good profits.

Today's result:
- 17 + 133 = + 116 Pips

How many stratgies out there has the power to bring 135 pips in 30 mins? You can do anything with it. re.g. Risk 1% on 10 pips (or shud I say risk 2% on 20 pips) or Risk 1% on 20 pips (or should I say risk .5% on 10 pips same thing) then this would translate into 13.5 % growth ot 6.75% respectively. What do you want to do with it? Its up to you. But you must demo demo demo until the believe gets stronger and stronger and stronger and your eyes and hands and mind get in synch and you take only the correct trades ,correctly manage them and make only upto max 5 mistakes in 100 trades. 100% discipline is that. 95% correct trades = disciplined trading.

[zlabis]

Thu. Dec. 04, 2014

No trading today.

-----------------------------

Fri. Dec. 05, 2014

Screen time 9:00 - 10:30 am (GMT+1) M1/M5 DAX only

Made some negative Pips today since I wasn't able to catch the long bias. Tried 3 short reversals which failed and one long pro cyclic trade which ended in a small profit but was stopped out at AIMS level before it proceeded upwards.

Result:
- 12 - 8 - 14 + 11 = - 23 Pips, next

Haven't got time to make a screen-shot with comments. Maybe later ;-)

------------------------------

Result of week 01.12.-05.12.2014:
Mon. 1.12. no trading
Tue. 2.12. + 116 Pips
Wed. 3.12. - 25 Pips
Thu. 4.12. no trading
Fri . 5.12. - 23 Pips
----------------------
Result ...... + 68 Pips

[zlabis]

Mon. Dec. 08, 2014

Bank holiday in Austria therefor away with family, so no trading today.

[zlabis]

Tue. Dec. 09, 2014

Screen time LO-session 9:00 - 11:00 am and NY-session 16:30-19:00 (GMT+1) M1/M5 DAX only

After LO market was ranging in a large range. Picked some fruits which gave me some small profit today. For the big bucks I missed the strong moves in this wide range since my data feed from broker was very fragmented and chart got updated only once per one or two minutes.

But it's ok - I've kept my account together and my decissions to enter and exit were according to my rules.

Result LO:
+ 12 + 3 + 3 + 1 = + 17 Pips

First time since weeks I've decided to trade NY-session. DAX was in a very strong down trend for hours. After I drew some trend lines on M1 and M5 I've found it rather clear which setups had good chance for some profit.
At the first trade I luckily picked the temporary bottom of today's down move. The second trade was SAR of first after down fruit close to 61.8% fib ret.
Then I missed this beautiful up-fruit pinbar which anticipated the following up-move. Took a short fruit before I entered a nice campaign into the strong up-thrust, which I exited after a down fruit near a very strong resistance area.

I think it was a good afternoon session where I nearly took out what was possible, with regard to my level and skills.

Result NY-session:
+ 37 + 23 + 1 - 15 + 40 = + 86 Pips

Today's result: + 103 Pips - it's ok, but for me 4.5h trading M1/M5 is definitly too much for one day ;-)

[zlabis]

Wed. Dec. 10, 2014

no time so no trading today.

[zlabis]

Thu. Dec. 11, 2014

Screen time LO-session 9:00 - 10:00 am (GMT+1) M1/M5 DAX only

LO-session's result:
- 10 + 10 + 44 = + 44 Pips.


Screen time NYO-session 15:30 - 16:15 am (GMT+1) M1/M5 DAX only

NYO-session's result:
+ 37 - 10 - 16 + 19 = + 30 Pips.

Today's result:
+ 44 + 30 = + 74 Pips London- and NY-sessions

[immy]

Absolutely fantastic Trading.... keep it going... another week left then 2 weeks holiday and then Real Account shall begin. Start small and gradually build your lot size ... welldone ===========

[Michal]

Really nice Michael i think you really are high speed and high intensity trader (wd) I wouldn't be able to cope with so many signals and probably lose all my account but you.... nice ! :-bd