Michael's (zlabis) Journal [The Magician]

[zlabis]

Thu. Feb 12, 2015

Screen time NYO-session 16:20 - 17:00 (GMT+1) M1/M5 DAX only.

Today I had viewing appointments the whole day so I could't trade LO session and missed NY opening as well.
At the time I came to my computer at around 16:20 (CET = 15:20 GMT-UK time) there was a nice down move, initiated by a lovely down fruit and with one add on already in progress. As it stalled at an obvious support level I had the idea to take the break-out below that level which was an AIMS-level as well (Trade 1). Togehter with one add on at a failed fruit I squeezed out 13 Pips out of a nearly finished down-move. Rules were a bit stretched here but momentum was still good and risk very low with 10p.
The rest of my afternoon session was rather straight foreward as there appeared 1. a nice up fruit (Trade 2) with one add on and at the top of that up move 2. an AA down-fruit (Trade 3) very close to 61.8% fib ret level with one add on again. As I had to leave at 17:00, I could not exit Trade 3 per rules but I had to close it manually. That's fine and helps me to stand up after trading without having to think about open trades.

Today's afternoon-session was much easier to trade for me than YD's LO-session as there was a wider range and bigger break-outs. For me it has proved once more that the rents we have to pay (intraday or over a longer period) are always more than covered by the winning campaigns. It will take some time and repetitions until it is internalized in my mind that I can rely of this fact and this is one of the basic requirement of stress-free and fear-free trading, IMHO.

Today's results:

+ 13 + 16 + 16 = + 45 Pips

[immy]

Don't force trades Michael. That trade 1 could have ruined your mood had it gone against you because then you won't have anything to justify taking that trade. Do not allow your mind to come up with ideas such as "its over bought or over sold" that is bull shit, "market is exhausted" or "too hyper" we never know what's going on in the minds of the millions of trades. All we know is, is there a signal or not. and is it time to trade as per the plan. So if its is LO 2 hrs or NY 2 hrs, you are good to go. it may or may not work. the rest you know pretty well. well done...

on a more positive note, look at the beauty of it? a little more than half and hour and you're don with 45 pips... this surely is awesome...

Question for you? is this your normal zoom level of your chart or is it only for pictures and your chart is zoomed in?

[zlabis]

Thanks for your suggestion. I'll definitly take them into consideration wien analyzing this week's trading.

To your question: yes, this is the zoom level I usually use for my M1 trading. I hardly zoom out. IMHO, I can judge angulation best at that zoom factor.
Cheers
Michael

[immy]

Thanks for your suggestion. I'll definitly take them into consideration wien analyzing this week's trading.

To your question: yes, this is the zoom level I usually use for my M1 trading. I hardly zoom out. IMHO, I can judge angulation best at that zoom factor.
Cheers
Michael

I looked at the chart again, and I can see we have the same zoom level which is one step in as compared to S1 template. And yes that is that main reason, the angle is visible better using this zoom level.

I wanted to say one more time, this chart just shows how easy and simple it is to make pips with this strategy. you were there for less than hr, 30 minutes of trading, in which you were in the market the whole 30 minutes, short, long and then short again. you got 45 pips in 30 minutes. This is a gem! A Gem if you h ave the eyes to see.

From this point onwards I invite ALL New and Old AIMSters to Switch to FRUIT on any time frame of their choice. You will Love it

[zlabis]

Fri. Feb 13, 2015

Screen time LO-session 9:20 - 11:00 (GMT+1) M1/M5 DAX only.

I was not able to start my session until 9:20 so I missed nice up-move right at LO but felt alright about it - no regrets and no bad feelings about it ;-)

My first entry was a nice fruit right below 11.000 points mark. It went down with pace but it retraced inside gator. After that, I took a couple of good entries (fruits + classics) but none of them worked out well or worked out at all.

DAX was very undecided and has lost volatility after it had reached magical 11.000 points mark which was also an all-time high but because of my daily stop loss (5 rents in a row or -60 Pips) I was protected. During trading session I've never reached it so I continued taking good signals again and again because we can never know exactly when the break-out is taking place.

Today's result:
- 33 - 9 + 9 - 13 - 13 + 11 = - 48 Pips

Although the result is a lush rent, while trading I felt really comfortable with my trades as well as with the results and in retrospective analysis I can say all entries and exits were according to my rules. I have to admit that I would have been even more happy if my result of the day was a nice winner but days like that are, IMHO, not to be avoided because we only can take entries and exits of high quality. If market is starting to move after entries we're making good profits, if not then we close the day at BE or, at maximum, at our predefined daily SL. But we stay in control over our trading.

As long as DAX is moving nicely at LO and NYO I will stick to this market and M1-timeframe. If DAX is going to slow down one day over longer period, then I will think about changing something.

Cheers

Michael

[zlabis]

Result of week 7 - 09.02.-13.02.2015 - live:

Mon. 09.02. + 127 Pips, 2.00 hrs
Tue. 10.02. - 1 Pips, 2.00 hrs
Wed. 11.02. - 25 Pips, 2.00 hrs
Thu. 12.02. + 45 Pips, 0.50 hrs
Fri . 13.02. - 48 Pips, 1.50 hrs
------------------------------------
Result ........ + 98 Pips, 8.00 hrs

This week was a mixture of great opportunities and dead market conditions with some nearly full-rent days but I hope that I will have many more weeks like this because they will help me alot to gain confidence that rent-days or rent-periods can be accepted without any doubts or fear and that our system/strategy has an edge.

[zlabis]

Mon. Feb 16, 2015

Screen time LO-session 9:00 - 11:00 (GMT+1) M1/M5 DAX only.

New week new fun.

DAX started at LO with a lovely S1 (Trade 1 + add on). Although it was already a bit more volatility there compared to last day's LO, it didn't move dynamicly after break-out. The whole motion range was only 20 pips but we could take out some Pips as there showed up good exit signals.
Campaign 2 started from the bottom of Trade 1 move after a good fruit. Fortunately along this short up trend there were good entry- and exit-signals.
Trades 3 and 4 were attempts to catch the bigger break-out but, to the contrary, volatility and dynamic was further decreasing at that time, so I decided to quit after Trade 4, which was a small but nice winner.

Today, IMHO, were conditions at LO where I had to stay fully concentrated for my whole 2-hrs-session, to catch the small swings successfully. Days like that are quite demanding according to my feeling compared to break-out days with big volatility and movement, but they are very good lessons for patience and discipline as well - and at the end of my session it payed off reasonably.

Today's result:
+ 9 + 39 - 6 + 6 = + 48 Pips, rather hard earned but nevertheless it was fun ;-)

[zlabis]

Tue. Feb 17, 2015

Screen time LO-session 9:00 - 11:00 (GMT+1) M1/M5 DAX only.

DAX started at LO with - nothing. Data feed problems from EUREX kept DAX chart frozen until 9:20am. As yesterday evening EURO group negotiations with Greece failed, I was concerned to place any POs prior proper opening without a huge gap. It spiked a bit down after a small gap. As it returned to my imaginary original break-out level, I entered the short trade. Entry was a mixture of trading into an open signal and news-trading. Maybe, at first glance, it doesn't look like it was according to the rules but after a lot of testing, analysing and simulation, I've added these additions to my rule-set. Very important to me, probably, taking open, still valid signals because it gives me the freedome to take trades not only at the time the signals appear but a few period later as well, as long signals are still valid. Short-PO for add on was placed below a good up fruit where I had a long-PO above as well. As fruit has not got triggered and has got invalid, add-on has got triggered. I exited both positions at a very strong up fruit with big angle and decreasing down-momentum.

I didn't take this lovely up fruit (would have been SAR of trade 1) because I've added a new rule to my trading plan recently. I quit active trading for that session if I make 100 Pips at the very first attempt of the day and do only paper trading for the rest of the session. I came to that decission because I tend to give away quite a lot of Pips when I continue trading after a big initial winner. After that I often felt a bit disappointed although I had a very good results at the end of that days - but the mind plays games with us. It makes us more disappointed about smaller losers than happy about bigger winners - this is a scientificly proved fact. And I know from self-observation that giving back what I had already in my pocket hits me harder than missing trading opportunities. Until I'm still in a fearing and caring state of mind this mechanism is valid and affecting my trading in a negativ manner - therefore the new restriction ;-)

Today's result:
+ 98 Pips

[Tomi]

How cool is that. I didn't trade the open as dax feed was broken. You got good profit from there. I continued where you left with the same amount of pips. Good team. Group hug, eh? (rofl) Keep it going.

[Michal]

\m/ nice result Michael !