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I don't know if you understand the value of the work you've done. The overall 16R positive result puts you in the top 10% of the Traders all over the world. I think its fascinating. And its the result of DS Training, Setup 1 and Waltz. Don't take it lightly.
Thanks Immy, this means alot.
It has taken years to get to this point and some times you do forget how far you have come and how many others have dropped off along the way.
I am looking forward to building on this success and now increasing my R value back up after having reduced it low after my horror run of loses.
Exciting times ahead.
Thanks again for your patients and all the learning.
Vicky
You touched upon an important point. "Horror run of loses". This is an invaluable experience. Traders who don't have this under their belt will eventually go through it and the later they go through this losing streak the more devastating it gets. You have survived the meteor shower. I think that's because of two things, 1. you were part of a group (here) and 2. you were recording your progress. Absence of any of the two would have knocked out of the trading world, you'd have ran and never looked back. For most people its that good old fable, "3 Feet to gold".
You will always have this fear of the losing streak, and that will keep you in check. You will not allow yourself to take things for granted. You'll continue to avoid the streak by trading with 100% discipline. And you'd know that it might come back in the future, but that time you'll be better prepared. You will know that its gonna come but its gonna be over soon and as long as your Risk Management is in place, it won't harm you too much.
Regards
What is the Secret of Successful Trading?
The Consistent Pursuit of DS1
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.
Gbp/Usd H4 S1
Larger box, but W3 had happened and W 4 was underway. Thought it was going to be out at SL, but it hung in for a couple of days. Once it started moving and I got to BE, I moved my SL to the top of the pause candle on the 9th. Out at new SL with just over 1R
End result was +1R
R result to date for this batch: +8.4R
DS score for batch: 7/9
Overall total R score: (all batches) +18.4R
My Feelings and Analysis at the time of entry and afterwards: - Box was bigger, but gator together. Trade managed as it pulled downwards and gator opened.
What could I have done different? Looked at exit when candles start to continue boucing near the bottom.
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"It is literally true that millions come easier to a trader after he knows how to trade, than hundreds did in the days of his ignorance"
You will always have this fear of the losing streak, and that will keep you in check. You will not allow yourself to take things for granted. You'll continue to avoid the streak by trading with 100% discipline. And you'd know that it might come back in the future, but that time you'll be better prepared. You will know that its gonna come but its gonna be over soon and as long as your Risk Management is in place, it won't harm you too much.
Agreed, better it is on an account of mear hundreds rather than 10's of thousands!
Another point, did you say I was now at stage 3, if so does my journal badge need adjusting?
Thanks Immy
"It is literally true that millions come easier to a trader after he knows how to trade, than hundreds did in the days of his ignorance"
You will always have this fear of the losing streak, and that will keep you in check. You will not allow yourself to take things for granted. You'll continue to avoid the streak by trading with 100% discipline. And you'd know that it might come back in the future, but that time you'll be better prepared. You will know that its gonna come but its gonna be over soon and as long as your Risk Management is in place, it won't harm you too much.
Agreed, better it is on an account of mear hundreds rather than 10's of thousands!
Another point, did you say I was now at stage 3, if so does my journal badge need adjusting?
Thanks Immy
Hi Vicky,
Thanks for reminding. Yes You are STAGE 3... Well Done.
What is the Secret of Successful Trading?
The Consistent Pursuit of DS1
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.
Usd/Chf D1 S1
Larger box, once it left the box and started to run, SL moved to just above green line. TP was at TZ line, it missed before the bounce on the US correction. Out at SL with small profit about 0.3R
End result was +0.03R
R result to date for this batch: +8.7R
DS score for batch: 8/10
Overall total R score: (all batches) +18.7R
My Feelings and Analysis at the time of entry and afterwards: - Happy with the set up, gator lines close together, purple correct. Was traveling well did the market dropped on NY opening.
What could I have done different? I am happy with this trade. US correction didn't help. still out with small profit.
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"It is literally true that millions come easier to a trader after he knows how to trade, than hundreds did in the days of his ignorance"
Eur/Jpy H4
Pink dot, entry below wick of pink dot candle. slow to start. Then it started to run. Trailing boxes. Out at +0.06R
End result was +0.06R
R result to date for this batch: +9.3R
DS score for batch: 8/11
Overall total R score: (all batches) +19.3R
My Feelings and Analysis at the time of entry and afterwards: - Looking at it, the next red dot would have been a better entry, wave had returned to zero line.
What could I have done different? Not taken it in W3, taken it at next red dot entry.
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"It is literally true that millions come easier to a trader after he knows how to trade, than hundreds did in the days of his ignorance"
Aud/Usd H4 S1
Good entry started well. SL moved to above green line. Take out by NY open and US correction of markets. SL at -0.05R
End result was -0.5R
R result to date for this batch: +8.8R
DS score for batch: 9/12
Overall total R score: (all batches) +18.8R
My Feelings and Analysis at the time of entry and afterwards: - Was traveling well, this was my third one taken out at NY open on the day of the US correction due to bond worries. Over all I lost open profit on the last three, but overall still came out up so happy with that.
What could I have done different? Happy with this trade. Next ....
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"It is literally true that millions come easier to a trader after he knows how to trade, than hundreds did in the days of his ignorance"
Aud/Usd H4
Pink dot, good gator, taken out by just the top of the wick
End result was -1R
R result to date for this batch: +7.8R
DS score for batch: 10/13
Overall total R score: (all batches) +17.8R
My Feelings and Analysis at the time of entry and afterwards: - Pink dot, small box, being H4 I didn't have the ablity to check this again, so PO placed. Started ok, but AUD news today. Out by the wick.
What could I have done different? Happy with this trade
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"It is literally true that millions come easier to a trader after he knows how to trade, than hundreds did in the days of his ignorance"
