Michael's (zlabis) Journal [The Magician]

[zlabis]

Wed. Feb 18, 2015

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

DAX started at LO with a good break-out down and two good long Adam's apple fruits. First one wasn't triggered. Second one initiated an M1 up-trend which, unfortunatly retraced a few times to much for me to stay in longer. I got kicked out at green gator. Both attemps ended with a small profit. After second trade, I was thinking about taking PC-pinbar to the long-side but decided against it. Market had too little volatility and dynamic at that time.

Today's result:

+ 14 - 1 + 5 = + 18 Pips

[zlabis]

Thu. Feb 19, 2015

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

Today I had business work to do in the morning so I was not able to trade at London open. I arranged my appointments for possible trading at New York open.
It started with a good short break-out which I was able to catch but it didn't move very far. Anyway entry and exit according to rules.

After that, Franck called out a lovely fruit at the bottom of that down move. Unfortunatly from my data feed, there didn't show up that fruit. Later it turned out that it was the beginning of a lovely up-trend with lots of add-on levels. During the trend there showed up two good counter fruit signals which I took. Both of them failed. As volatility and dynamic was low again, I didn't SAR at fail of those fruits.

My trading sessions of this week and last week were marked by rather low volatility and little movement what results in mostly rent-days or little-profit days. But there was one day per week with good profit which payed off and over-compensated the other days by far. It showes me again that I don't need "perfect" market conditions every single day to make good profit overall. One "good" day every one or two weeks are enough for constant profit if I constantly and disciplined follow my rules.

Today's result:

+ 5 - 10 - 12 = - 17 Pips rent, next

[zlabis]

Fri. Feb 20, 2015

Screen time LO-session 9:00 - 11:00:30 (GMT+1) M1/M5 DAX only.

Another very quiet session today where it seemed that everybody was waiting for redeeming news from Aurogroup meeting according to Greece.
Took 2 nice break-out setups right at the beginning of London session but bith failed.
Stayed outside as volatility and dynamic went to the cellar and closed the day with a small rent.

Today's result:
- 11 - 12 = - 23 Pips rent, next

[zlabis]

Result of week 8 - 16.02.-20.02.2015 - live:

Mon. 16.02. + 48 Pips, 2.00 hrs
Tue. 17.02. + 98 Pips, 2.00 hrs
Wed. 18.02. + 18 Pips, 2.00 hrs
Thu. 19.02. - 17 Pips, 1.00 hrs
Fri . 20.02. - 23 Pips, 2.00 hrs
------------------------------------
Result ...... + 124 Pips, 9.00 hrs

Very mixed week for me again. DAX wasn't moving that nicely during my trading times but +124 Pips overall result and espacially mostly rules-according trades makes me happy. Although I missed some big moves this week because I wasn't there at that time, I caught one on Tuesday which pays off. It shows me again that there should be no room for regrets of missing opportunities. If there appears one or not is rather randomly distributed - I have no influence on that. If I'm there, I can take it if not then not ;-) There's always a next trading-session and I don't need to make all my profit in one single session.
I don't even watch any charts beside my trading times, what helps me alot to keep my mind free and motivation high. The only thing I do daily is analyzing my trades after a few hours and writing my journal.

[immy]

It may be that your success has a lot to do with the fact that you trade 2 hours a day and
may be also that you still have a day job that helps with discipline.

All in all, another great week for you, congratulations and keep it going. Have a Great Weekend, i'm already having a great one...

[immy]

As long as you can make any number of pips consistently you can build on that. e.g. if a strategy gives you 10 pips a Month on a consistent basis. you can build an empire on that information. think about it. its powerful.

But...

success-no-fear.jpg

The above image can be downloaded and used as your FB Cover if you like. Its designed for FB.

[zlabis]

Thanks alot, Immy for your comments ;-)

[zlabis]

Mon. Feb 23, 2015

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

Today DAX moved at LO as we are used to it, at least since I'm trading it (since Sept. 2014). It started with volatility and good motion.

I wasn't there right at LO so I missed the break-out. Was a nice signal but would have turned into a rent. My first signal was a good down-fruit which led me into a nice short-campaign (Trade 1). It got interrupted because I was trailing red candles, what had kicked me out somehow too early. I reentered the down-trend at add on level (Trade 2). This campaign showed me that I have to work on my behaviour and emotions when fruit-trade is stalling or retracing inside stage 2. Although I know trade management of fruit-trades rather well, I'm still feeling nervouse, under pressure and protective during that stage and I use to act effected by those emotions.
Exit of Trade 2 was clear and easy as it happened in stage 3 of fruit trade.

As volatility went down, it was an easy choice to stay out during following correction which ends with a good down-fruit again. Trade 3 was then far easier to handle for me because it went through gator straight away. Short retracees formed new AIMS levels which gave good opportunity for an add ons. As campaign was already in good profit I exited all positions at green gator. In hindsight I could have let one position run as trailing AIMS levels.

Today's result:
+ 11 + 3 + (31+7-15) = + 37 Pipsies

[zlabis]

Tue. Feb 24, 2015

Screen time LO-session 9:00 - 10:30 with interruptions (GMT+1) M1/M5 DAX only.

Choppy LO again. Busy office time for me started at that day due to a big project for me to handle. Its the reason why I haven't got so much time from that day on for trading and commenting my trades.

Today's result:
- 2 - 6 - 16 - 16 = - 40 Pips rent out of the chops.

[zlabis]

Wed. Feb 25, 2015

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

Although rather complete LO session for was free of distracting phone calls there was nothing for me to take out at that day. There was hardly any bigger movements during my 2 hrs. Following my rules just kept me from making higher rents, what's fine in hindsight.

Today's result:
+ 4 + 14 - 9 - 26 - 24 + 6 + 16 = - 21 Pips rent, next.