David's journal

[immy]

Fantastic Trading. Choose the fast moving markets. When market shows obvious lack of momentum step away. Don't be scared of fast moving markets, use fruit to take advantage of it. Don't let the mind perceive it as "threat" allow it to accept it as "opportunity" instead. Take fruits with MODEST VERY CONSERVATIVE lot size. If you think this lot size is just ok, it means you still need to reduce it. make it something you think is VERY SMALL. the pips profits is so overwhelmingly high that mind don't accept it so if you reduce lot size to nominal it will be good for you. cheers

[azadar]

Thanks Immy. The fast moving markets comment is spot on. I noticed that all my profits came from fast moving periods on the dax. I need to be more disciplined and only trade fast moving markets. Overtrading tends to be a problem with me. Will work on that

[Dave]

+163! (wd) You beauty!

[azadar]

Yesterday was not a good day. Market had no direction and lost some pips overall. Was distracted and made costly mistakes.

Today was much better: +118 pips.

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[azadar]

Thursday was a very bad day. My mind was not in the right place to trade so my account suffered and erased half of the pips I had made so far this month.

Friday was better even though I lost 40 pips for the day. I realised I was trying to catch the top of waves 3 and 5 instead of trading the end of waves 2 and 4.

Last trade of the day was on uk100. Not that many pips gained but the trade played out exactly how I pictured it in my mind when I got in the trade.

2014-10-17_61.8_w5_fibo_ext.png

[azadar]

Following Immy's recommandations, I closed all my mt4s and all my charts except dax m1. This will help me focus and improve the quality of my trades.

ALso, I will let my trades move more freely when I have a strong bias on my positions. That big trade (+144 pips) was possible because I let it run and it paid off. Thanks Immy

today was a great day. I traded well, very few mistakes and it paid off big time : +163 pips

2014-10-23_1104.png

2014-10-23_1433.png

[immy]

David,

I \CAN NOT tell you how Ha/?appy i am to see these charts... the add ons have gradually become a reality in this forum now. wow... love it... lovve it..

[azadar]

Glad you like it Immy. Its all possible because you were there to help me along the way. Ill never thank you enough for all the help and support. I guess the only way I can thank you is by making you proud.

I still have a lot to learn but I feel like im really close to consistent profits

[immy]

Thank you David. Yes, conviction/belief is important. Every day I trade the fruit my belief gets stronger and stronger. I always believed that real money is made when you learn to add on and now to see that this strategy has now initiated a new wave of understanding where everyone has started to add on to their trades, make me happy, joyful and yes proud... keep it going...

[azadar]

I have been trading full time for 1 month now. I see huge improvements in my trading but I still make way too many mistakes. If I can just do 1 less mistake per day I will be consistently profitable. My demo account has been in profits for most of the month with a few short dips below the starting amount.

I am fairly happy with the results and feel that I am well on my way to make constant profits.

My goal for the next month is to concentrate on execution to reduce the number of errors I make. If all goes according to plan, I should be ready to trade a real account again by december.