Michael's (zlabis) Journal [The Magician]

[zlabis]

Thu. Mar 26, 2015

Screen time LO-session 8:30 - 9:30 (GMT+1) M1/M5 DAX only - LIVE

Good kick-start at London opening. I was there 30 minutes before and picked two good break-outs before and one after break-out.

Thursday's result:

(+ 59.4 + 49.6 + 34.0) - 10.4 = + 132.6 Pips

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

Fri. Mar 27, 2015

Screen time LO-session 8:30 - 10:00 (GMT+1) M1/M5 DAX only - LIVE

Was a bit choppy but was able to come out with small profit and ALL trades according to my rules

Friday's result:

-5.4 + (+10.4 +4.8) + (- 6.5 - 14.6) + (-1.5-20.1) + (26.4 + 29.3 - 14.3 + 8.9) - 14.8 + 7.7 = + 9.3 Pips

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

Result of week 13 - 23.03.-27.03.2015 - M1/M5:

Mon. 23.03. + 116.5 Pips, 1.00 hrs, M5/H1 - demo
Tue. 24.03. + 98.7 Pips, 2.00 hrs, M5/H1 - live
Wed. 25.03. - 3.0 Pips, 2.00 hrs, M1/M5
Thu. 26.03. + 132.6 Pips, 1.00 hrs, M1/M5
Fri . 27.03. + 9.3 Pips, 2.25 hrs, M1/M5
-------------------------------------------
Result ...... + 354.1 Pips, 7.50 hrs


Result of March 2015:
Week 10: not traded due to much office work
Week 11: - 123.1 Pips, 17.00 hrs (M5)
Week 12: + 193.0 Pips, 10.50 hrs (mixed M5 and M1)
Week 13: + 354.1 Pips, 7.50 hrs
---------------------------------
Result: + 424.0 Pips, 35.00 hrs


March was an experiment-month because I tried to switch to M5 but it's not suitable to my daily routine next to my real estate business. It was not easy to confess that it was a wrong decission and even harder to let it go. After I came back to M1 I immediatly felt comfortable and "at home" again - but was worth a try ;-)

BTW: this week I'm off due to Easter-break. Wish you all many Pips. I'll join you again by Tuesday next week (April 7th).

Cheers
Michael

[immy]

It was a lovely experiment and allowed it to happen because we are all explorers and until we have not done it ourselves we find it hard to take somebody's word for it. I knew this would happen to you and the others who are "made for m1". The ones who are made for m5 cannot stand m1 even for 1 minute. hehe... but that's the beauty of it. That's the beauty of Fractal Geometry that is the beauty of Chaos! There are guys who think these m1 traders are stupid idiots and they are not wrong from their point of view but we won't say the same about them because we know better... at least I think so that way at this stage of my life in time-space reality.

i wish you a happy easter break. It will be the same for me this week lots of activities planned for the kids. but hey since i'm here i'll always be able to get that 1 hr of trading no matter what. After all there is no fun without a few trades early in the morning is there? hehe

its not work. its play!


cheers

[zlabis]

Here are the results of my first two T20 sets:

[Tomi]

You are a star. From the results we can see that this business is not about the losses. It's about the winners and getting most out of those. Your sets contains few good runs and those make the game. Others are just losses, be's or small winners - the noisy learning experiences. Keep it going fellow.

[zlabis]

Wed. Apr 8, 2015

Screen time LO-session 8:30 - 11 (GMT+1) M1/M5 DAX only - LIVE

Easter-break is over and I came back with the feeling of much energy and joy and was really looking foreward to trade again.

I was there early, befor LO, again because I like the opportunities of very low-risk entries. Today I took a very small fruit with tiny SL as my first entry of the day and month (Trade 1). Together with on add on it turned out to be a small rent. That was my investment to catch this nice short-breakout right at LO with two add ons and one counter fruit entry (Trade 2). Being in with 3 positions I could handle my exits flexibly. I closed one pos at trailing candles and the other two at green gator.
Trade 3 was a good fruit with big angle which was a possible start of wave 5 down - but it turned out later that it wasn't. Some rent here. => into Trade 4 with 2 add ons. I exited at AIMS and SAR into Trade 5 which I exited at AIMS again => SAR into Trade 6.

After the first strong down-move right at LO there were no bigger moves for the rest of my session until 11am (UK-time +1). I tried to take the signals as they appeared. Today it was a small plus - nearly BE - but that's completely fine. All I need is one home-run every one or two weeks if the rest are small rent- or BE-days.


Today's result:

- 17.3 + 53.6 - 31.6 + 9.0 - 8.4 + 0.9 = + 6.2 Pips

[zlabis]

Thu. Apr 9, 2015

Screen time LO-session 8:30 - 10:30 (GMT+1) M1 DAX only - LIVE

Oh man, I wrote a long comment and it got deleted due to a server time out. Unfortunatly I have no more time available to rewrite it, so here are only the plain results. On the other hand, the screen-shots are rather self-explaining, IMHO.

Trade 4/20-3: + 59.6p, SL=6.5p+9.8p, DS=1
Trade 5/20-3: - 8.6p, SL=8.6p, DS=1
Trade 6/20-3: + 4.9p, SL=13.2p, DS=1
Trade 7/20-3: + 9.0p, SL=13.4p+13.7p, DS=1
Trade 8/20-3: - 9.0p, SL=9.0p, DS=1
Trade 9/20-3: - 11.1p, SL=11.1p, DS=1
Trade 10/20-3: + 29.6p, SL=7.7p+12.8p, DS=1
-----------------------------------------------
Today's result: +74.4 Pips, DS = 7/7

Thank you market for offering opportunities ;-)

[ppandekar]

Your trading just looks amazing. You are always with the market. Cheers :-bd (wd)

[zlabis]

Fri. Apr 10, 2015

Screen time LO-session 8:30 - 11:00 (GMT+1) M1 DAX only - LIVE

I switched my chart-commenting a bit. Directly on the screen-shots I place only the key-data of the trades, the comments of the trades will be in the text. The second small adjustment which I've tried recently and will keep is, that I start trading earlier around 8:30 am local time which is 30 minutes to London Open. Reason is, IMO, there are often good entries with very low risk of only 6-8 pips. If they catch the LO open breakout these entries can become winners with an unbeatable risk/reward ratio. I'll observe if it's worth it ;-)

This Friday started promising between Frankfurt Open (FO) and London Open (LO) with 2 very nice entries (T12/20 and T13/20) but both trades didn't turn out to be big winners or winners at all. At LO DAX spiked 1x down and 1x up but then stopped moving for about an hour.

Except of very first trade of the day (T11/20) all attemps led into small rents (T12 - T 15). Everything was alright, just a small technical mistake happened as I forgot to delete a long-PO at Trade 13/20, so DS=0 for that trade.

After nearly 1.5 hrs concentrated chart-time I took a short break to take some tea and right then there showed up a good up-fruit at 10:48 screen time. Would have been a low risk entry with only 10p SL but I took the next opportunity at break of AIMS above gator - Trade 16/20-3. 2 add ons were taken at next AIMS-levels and 1 counter-fruit (Trade 17/20) was taken. After the entries, market crawled sideways for about one hour. During that time, I didn't touch SLs and didn't take weak short signals as M5 and H1 showed clear up-momentum and SLs were realy small after 1st stepping up of AIMS-box. So I was still fully loaded as the up-break-out finally happened. DAX moved up nicely and after the second push and I had to leave soon, I trailed candles (didn't trail inside bars) and got exited with a fine result. Split-exit strategy would have been appropriate which would have kept us in the up-move longer but I don't leave trades on M1 unattended so I had quitted it manually anyway. This campaign took more than an hour and was my longest M1-trade ever, timewise.

Btw: It was the beginning of a big M1-up-trend which lasted nearly 4 hours ;-)

All in all it was another cool trading session where discipline and patience payed off.

Trade 11/20-3: Res + 8.3p, SL = 8.1p, DS = 1
Trade 12/20-3: Res - 10.1 - 5.2 - 12.7 = - 28.0p, SL = 10.0p, 15.9p, 12.6p, DS = 1
Trade 13/20-3: Res -4.4 - 11.4 = - 15.8p, SL = 17.1p, 17.5p, DS = 0
Trade 14/20-3: Res - 13.7p, SL = 13.4, DS = 1
Trade 15/20-3: Res - 3.3 - 5.5 = - 8.8p, DS = 1
Trade 16/20-3: Res + 41.4 +38.6 + 35.0 = 115.0p, SL 13.0p, 15.8p, 10.8p, DS = 1
Trade 17/20-3: Res - 7.0p, SL 6.9p, DS =1
--------------------------------------------------------------------------------------------------
Today's result: + 50.0 Pips, DS = 6 / 7


Result of week 14 - 30.3.-3.4.2015 - M1/M5 live:
no trading due to Easter-break

Result of week 15 - 6.4.-10.4.2015 - M1/M5 live:
Mon. 06.04. no trading - Easter-break
Tue. 07.04. no trading - Easter-break
Wed. 08.04. + 6.2 Pips, 2.50 hrs, M1/M5
Thu. 09.04. + 74.4 Pips, 2.00 hrs, M1/M5
Fri . 10.04. + 50.0 Pips, 2.50 hrs, M1/M5
-------------------------------------------
Result ...... + 130.6 Pips, 7.00 hrs

[zlabis]

Mon. Apr 13, 2015

Screen time LO-session 8:30 - 10:15 (GMT+1) M1 DAX only - LIVE
form 10:15 - 11:00 passive screen time with chatting in skype after I was happy with my results and I felt a bit unconcentrated today ;-)

Start of my session at 8:30am local time (= 7:30am UK time) was how I really like it. Price moved sideways in a very tight range of just a few Pips. I found opportunities to get in short (Trade 18/20-3) and add on once with very small SL. As a nice long fruit appeared I took it as well (Trade 19/20-3). Typical situation as I experienced it rather regularly before LO. As the breakout at LO happened I got stopped out with the long fruit but add on 2 to the short side kicked in - lovely ;-) ;-) ;-) . One counter-fruit (Trade 20/20-3) failed but I stayed in with the short positions. DAX didn't go straight down - it retraced quite a lot and after it pulled away from gator the second time, I decided to close add ons by trailing candles. Then I left stop-level above last green bar before small pullback where I got stopped out. Not the best level in hindsight but by intention. I wanted to let init trade run and trailed candles at the 3rd down-thrust as it pulled away strongly without showing fruit. This level was nearly "perfect" ;-)

Next trade (Trade 1/20-4) is the first one since a while, I rather messed up. Not Pip-wise, just a small rent. But I violated my entry rules and I didn't even noticed it while trading. Only as I commented and analyzed my trades later I realized it. Ok, I missed that nice AA-fruit and, as usual, I took the breakout but oversaw/ignored unconsciously that the AIMS-level was above gator and this is definitly against my rules especially if it happens without realizing it. So DS=0 for that crap ;-)

Trade 2/20-4 was then ok again. Good entry, exit was ... mhhh, ok. aA bit late but closing at green gator or lower AIMS-level was only a difference of 3 or 4 Pips, so I wanted to give it a chance because AIMS-box stepped down and, to me, w5 of w3 up was possible.

It was big fun again trading today (I realized the mistake later) but, as mentioned above, I was a bit unconcentrated today so I quitted after that last trade and was only observing. Immy gave us a great lesson in the skype room again - thaks for that, Immy ;-)

Trade 18/20-3: Res: + 34 + 20.4 + 13.2 = + 67.6p, SL = 6p + 8.8p + 14.2p, DS = 1
Trade 19/20-3: Res: - 9.9p, SL = 9.9p, DS = 1
Trade 20/20-3: Res: - 10.7p, SL = 10.7, DS = 1
Trade 1/20-4: Res: - 6.5p, SL = 12p, DS = 1
Trade 2/20-4: Res: + 8.9p, SL = 12.8p, DS = 1
---------------------------------------------------------------------------------------
Today's result: ..... + 49.4 Pips, DS = 5 / 6

[Tracker]

Nice trading Michael. You always manage to let your trades run a little longer, while I get out to soon if it is bumpy like in the morning session.
Really nice what results you get with just that 1 or 2 hours of trading per day.

Cheers, Tracker