Wed. May 13, 2015
Screen time LO-session 8:00 - 9:30 (GMT+2) M1 DAX only - LIVE
Today DAX started at FO with "our" setup for the first time since nearly 2 week. DAX opened with a gap and the opening-candle moved up strongly followed by a counter fruit and a reversal. Price moved smoothly during FO session and found direction quickly after LO with tradeable setups.
Trade 15/20-9:
The above mentioned setup right after FO with a nice fruit. I added on twice at the next AIMS levels and was pretty sure that it would go further down so I decided to let the init trade run while I exited addons at break of AIMS. As it broke 61.8% FE level, it was clear to me that it wasn't w1-2 down so I closed init trade as well. Because I ignored some strong exit signals, I give myself 0 for DS for that campaign.
Trade 16/20-9:
While Trade 15/20-9 was still running, I took that S1 breakout and exited at the next AIMS level. Very good init entry would have been seed 2 candles before breakout. Anyway.
I exited addon at second down fruit and init trade got exited by trailing candles (with 2.5p slippage) after 4th up-push. Was actually top of the wave.
Trade 17/20-9:
AA-Fruit 1 minute before LO which simply didn't work out. Exit at init SL with Stop And Reverse into Trade 18/20-9.
Trade 18/20-9:
SAR of Trade 17/20-9. Better init entry would have been 3 candles earlier at break of AIMS. I felt a bit anxious due to big whipsaws of the last days so decided NOT to addan, not even once. Not entering at break of AIMS before LO is excuseable to me, even in hindsight, but not having added on is definitely a no go, especially as SL was already considerably reduced because of stepping down AIMS box. So, despite the good result of that trade, I give me DS = 0 for being that chicken-hearted.
Exit of that good down-move was at up-fruit after a very strong final down-push which was bottom of that down-move.
Unfortunately I was not in tune with market anymore after I exited the final campaign, so I missed to go long with SAR at exit-level. A bad excuse could be that the fruit was not a proper signal because it had not broken low of down move. But the rubber-band principle was applicable anyway so taking the fruit would have been reasonable.
I'm happy with the result of today's session but not very much with my discipline. I will use the long weekend for some training and simulation.
Trade 15/20-9: DS = 0, SL = 14.1 + 15.8 + 18.5; Result = + 0.8 - 10.3 - 13.0 = - 22.5 Pips
Trade 16/20-9: DS = 1, SL = 12.7 + 16.5; Result = + 28.9 + 19.2 = + 48.1 Pips
Trade 17/20-9: DS = 1, SL = 10.0; Result = - 10.0 Pips
Trade 18/20-9: DS = 0, SL = 24.9; Result = + 32.8 Pips
------------------------------------------------------------------------------------------------------------------------------
Today's result: + 48.4 Pips , DS 2 / 4 , 1.50 hrs
Michael's (zlabis) Journal [The Magician]
-
zlabis
- AIMSter
- Posts: 533
- Joined: 26 Nov 2013, 08:53
- 11
Re: Michael's (zlabis) Journal [The Magician]
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Last edited by zlabis on 19 May 2015, 20:30, edited 1 time in total.
"Want what the market wants", Bill M. Williams in "Trading Chaos - Second edition"
-
zlabis
- AIMSter
- Posts: 533
- Joined: 26 Nov 2013, 08:53
- 11
Re: Michael's (zlabis) Journal [The Magician]
Result of week 20 - 11.5.-15.5.2015 - M1 live:
Mon. 11.5. - 44.1 Pips, DS 5/5, 1,50 hrs,
Tue. 12.5. + 66.2 Pips, DS 6/6, 1.50 hrs
Wed. 13.5. + 48.4 Pips, DS 2/4, 1.50 hrs
Thu. 14.5. bank holiday - Ascending Day
Fri. 15.5. no trading due to long weekend
---------------------------------------------------------------------
Result ..... + 70.5 Pips, DS 13/15, 4.50 hrs
After a couple of rent-days in a short period it felt a bit more difficult to get into the zone and into a fear- and carefree state of mind. The result was an increase of protective and fear-driven decissions and therefore a drop of discipline-score. As happened a couple of times before, in hindsight it's very helpful, in regards of strenghtening confidence in the system and in own skills, to experience a situation like this: During a series of rents or rent-days, there's a certain point where I imperceptibly start to lose confidence and fear-freeness. At a further point pain-avoidance machanism are kicking in and decissions start to be more protective and fear-based as usual. This causal-chain needs to be broken. A good tool for that is the journal where we do our analysis later and apart the emotional-loaded and maybe feeling threatened situation of live trading. In combination with the discipline score (DS), it's a killer combination to fight undisciplined trading which is caused by a losing streak and it's consequences to a not hundret percent steady trader. This analysis can show us the behaviour and actions we have to work on, we need to have an eye on and which we have to avoid. The "funny" thing about it is that in most cases that mentioned lack of discipline expresses itself in not-following the plan. Integrating the found insights into the following tradeing sessions and our daily mental exercises, as result we get back our confidence and discipline which leads directly back on the track of successful trading, IMHO.
Therefor it's so true what Grant is always pointing out in the chat room that there are no mistakes or failures but only opportunities to learn and to improve - thank you very much Grant for your guidance to that insight!!!
In addition, here are the results of Set 8 of 20 Trades Pronciple:
Mon. 11.5. - 44.1 Pips, DS 5/5, 1,50 hrs,
Tue. 12.5. + 66.2 Pips, DS 6/6, 1.50 hrs
Wed. 13.5. + 48.4 Pips, DS 2/4, 1.50 hrs
Thu. 14.5. bank holiday - Ascending Day
Fri. 15.5. no trading due to long weekend
---------------------------------------------------------------------
Result ..... + 70.5 Pips, DS 13/15, 4.50 hrs
After a couple of rent-days in a short period it felt a bit more difficult to get into the zone and into a fear- and carefree state of mind. The result was an increase of protective and fear-driven decissions and therefore a drop of discipline-score. As happened a couple of times before, in hindsight it's very helpful, in regards of strenghtening confidence in the system and in own skills, to experience a situation like this: During a series of rents or rent-days, there's a certain point where I imperceptibly start to lose confidence and fear-freeness. At a further point pain-avoidance machanism are kicking in and decissions start to be more protective and fear-based as usual. This causal-chain needs to be broken. A good tool for that is the journal where we do our analysis later and apart the emotional-loaded and maybe feeling threatened situation of live trading. In combination with the discipline score (DS), it's a killer combination to fight undisciplined trading which is caused by a losing streak and it's consequences to a not hundret percent steady trader. This analysis can show us the behaviour and actions we have to work on, we need to have an eye on and which we have to avoid. The "funny" thing about it is that in most cases that mentioned lack of discipline expresses itself in not-following the plan. Integrating the found insights into the following tradeing sessions and our daily mental exercises, as result we get back our confidence and discipline which leads directly back on the track of successful trading, IMHO.
Therefor it's so true what Grant is always pointing out in the chat room that there are no mistakes or failures but only opportunities to learn and to improve - thank you very much Grant for your guidance to that insight!!!
In addition, here are the results of Set 8 of 20 Trades Pronciple:
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"Want what the market wants", Bill M. Williams in "Trading Chaos - Second edition"
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zlabis
- AIMSter
- Posts: 533
- Joined: 26 Nov 2013, 08:53
- 11
Re: Michael's (zlabis) Journal [The Magician]
Mon. May 18, 2015
Screen time LO-session 8:00 - 9:30 (GMT+2) M1 DAX only - LIVE
Today was smooth and relaxed to trade. DAX offered "our" setup at FO and later some small-risk entries. The LO breakout worked out rather nicely but, again, I missed the reversal for the really big move - but there will be countless opportunities to catch it one day ;-)
Trade 19/20-9:
This setup often showes up a few candles after FO. There seems to be a higher probability that it works out than not. Today it worked out again. I closed it by trailing AIMS-levels. In hindsight I could have let it run as it didn' leave stage 2 until breakout at LO - but as usual: hindsight is easier than foresight ;-)
Trade 20/20-9:
Counter fruit to running move but some sort of AA fruit from a bigger viewpoint. SL was very small so no hasitation by taking it parallel to still running short trade 19/20-9. Add on at next AIMS level which was SAR of Trade 19/20-9 as well. I exited both positions at next good down fruit (=> SAR into Trade 1/20-10).
Trade 1/20-20:
Another low-risk fruit which was SAR of Trade 20/20-9. Addon at next AIMS level. From that point on, I left SL of both entries untouched above fruit signal bar even as trades in other direction were taken in that short choppy prior to LO. It turned out to be the right decission to give it enough room and breakout at LO went in favour of that trade. The second addon was at AIMS-break after LO. I exited that second addon by trailing candles, which was the "perfect" spot btw. I wanted to exit Init entry and addon #1 above green gator but it fell together with AIMS-level. It would also have been perfect SAR-opportunity to the long side but, again, I was too focused and convinced by the shorts to be ready to go long immediately.
Trade 2/20-10:
Was a similar concept as Trade 1/20-10 to the opposite direction. This one simply didn't work out as price broke out to the other side at LO.
In hindsight I'm rather "pleased" with my trading, espacially that I stayed disciplined with all trades without fiddling around with SLs or that I didn't jump into and out of trades during choppy period of LO session. Only small downer is the missing of the reversal at exit of Trade 1/20-10 which was the homerun-opportunity of FO+LO-session. NEXT!
)
Trade 19/20-9: DS = 1, SL = 17.7; Result = + 4.0 Pips
Trade 20/20-9: DS = 1, SL = 8.8 + 12.8; Result = + 6.2 - 0.3 = + 5.9 Pips
Trade 1/20-10: DS = 1, SL = 9.9 + 17.9 + 26.3; Result = + 27.9 + 19.9 + 25.0 = + 72.8 Pips
Trade 2/20-10: DS = 1, SL = 11.0 + 18.8; Result = - 11.0 - 18.8 = - 29.8 Pips
--------------------------------------------------------------------------------------------------------------------------------------
Today's result: + 52.9 Pips , DS = 4 / 4 , 1.50 hrs not TOO many Pips but DS=100% for today is really ok ;-)
Screen time LO-session 8:00 - 9:30 (GMT+2) M1 DAX only - LIVE
Today was smooth and relaxed to trade. DAX offered "our" setup at FO and later some small-risk entries. The LO breakout worked out rather nicely but, again, I missed the reversal for the really big move - but there will be countless opportunities to catch it one day ;-)
Trade 19/20-9:
This setup often showes up a few candles after FO. There seems to be a higher probability that it works out than not. Today it worked out again. I closed it by trailing AIMS-levels. In hindsight I could have let it run as it didn' leave stage 2 until breakout at LO - but as usual: hindsight is easier than foresight ;-)
Trade 20/20-9:
Counter fruit to running move but some sort of AA fruit from a bigger viewpoint. SL was very small so no hasitation by taking it parallel to still running short trade 19/20-9. Add on at next AIMS level which was SAR of Trade 19/20-9 as well. I exited both positions at next good down fruit (=> SAR into Trade 1/20-10).
Trade 1/20-20:
Another low-risk fruit which was SAR of Trade 20/20-9. Addon at next AIMS level. From that point on, I left SL of both entries untouched above fruit signal bar even as trades in other direction were taken in that short choppy prior to LO. It turned out to be the right decission to give it enough room and breakout at LO went in favour of that trade. The second addon was at AIMS-break after LO. I exited that second addon by trailing candles, which was the "perfect" spot btw. I wanted to exit Init entry and addon #1 above green gator but it fell together with AIMS-level. It would also have been perfect SAR-opportunity to the long side but, again, I was too focused and convinced by the shorts to be ready to go long immediately.
Trade 2/20-10:
Was a similar concept as Trade 1/20-10 to the opposite direction. This one simply didn't work out as price broke out to the other side at LO.
In hindsight I'm rather "pleased" with my trading, espacially that I stayed disciplined with all trades without fiddling around with SLs or that I didn't jump into and out of trades during choppy period of LO session. Only small downer is the missing of the reversal at exit of Trade 1/20-10 which was the homerun-opportunity of FO+LO-session. NEXT!
)Trade 19/20-9: DS = 1, SL = 17.7; Result = + 4.0 Pips
Trade 20/20-9: DS = 1, SL = 8.8 + 12.8; Result = + 6.2 - 0.3 = + 5.9 Pips
Trade 1/20-10: DS = 1, SL = 9.9 + 17.9 + 26.3; Result = + 27.9 + 19.9 + 25.0 = + 72.8 Pips
Trade 2/20-10: DS = 1, SL = 11.0 + 18.8; Result = - 11.0 - 18.8 = - 29.8 Pips
--------------------------------------------------------------------------------------------------------------------------------------
Today's result: + 52.9 Pips , DS = 4 / 4 , 1.50 hrs not TOO many Pips but DS=100% for today is really ok ;-)
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"Want what the market wants", Bill M. Williams in "Trading Chaos - Second edition"
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wiseambitions
- AIMSter
- Posts: 1127
- Joined: 17 Sep 2012, 21:36
- 13
Re: Michael's (zlabis) Journal [The Magician]
zlabis wrote:Result of week 20 - 11.5.-15.5.2015 - M1 live:
Mon. 11.5. - 44.1 Pips, DS 5/5, 1,50 hrs,
Tue. 12.5. + 66.2 Pips, DS 6/6, 1.50 hrs
Wed. 13.5. + 48.4 Pips, DS 2/4, 1.50 hrs
Thu. 14.5. bank holiday - Ascending Day
Fri. 15.5. no trading due to long weekend
---------------------------------------------------------------------
Result ..... + 70.5 Pips, DS 13/15, 4.50 hrs
During a series of rents or rent-days, there's a certain point where I imperceptibly start to lose confidence and fear-freeness. At a further point pain-avoidance machanism are kicking in and decissions start to be more protective and fear-based as usual. This causal-chain needs to be broken. A good tool for that is the journal where we do our analysis later and apart the emotional-loaded and maybe feeling threatened situation of live trading. In combination with the discipline score (DS), it's a killer combination to fight undisciplined trading which is caused by a losing streak and it's consequences to a not hundret percent steady trader.
20Trades-Principle_DAX-M1_Set08.pdf
I so much agree with you about the loss of discipline which happens after a losing streak. I can more easily accept (small) losses from trades which were valid setups upon entry, but the rents I am reluctant to let go of usually come from trades which were impulsive and not valid conditions according to the rules. I just hate seeing a loss from such attempts. And the time immediately after getting stopped out in a loss are very dangerous. We have to struggle to withdraw and wait for the next valid entry, when it comes up, rather than an immediate getting back in even to the same trade.....
I also believe that instinct builds in a kind of martingale into our thinking process, to recover losses, and we just have to be careful on position size as well, just to achieve consistency....
I wish more people would come on here to share something on their journals
[center]IF YOU CANT EXPLAIN IT SIMPLY YOU DON'T UNDERSTAND IT WELL ENOUGH (Einstein)
1% daily gain, compounded for 250 trading days, (approximately one year) would produce 1103% account growth[/center]
"Markets reflect the positioning of the sum total of investors – they are not driven by something an individual investor knows that the rest of us don’t, but they do to an extent reflect what investors think other investors are thinking and so can diverge in the shorter term from the economic fundamentals."
[center]IF YOU CANT EXPLAIN IT SIMPLY YOU DON'T UNDERSTAND IT WELL ENOUGH (Einstein)
1% daily gain, compounded for 250 trading days, (approximately one year) would produce 1103% account growth[/center]
"Markets reflect the positioning of the sum total of investors – they are not driven by something an individual investor knows that the rest of us don’t, but they do to an extent reflect what investors think other investors are thinking and so can diverge in the shorter term from the economic fundamentals."
-
zlabis
- AIMSter
- Posts: 533
- Joined: 26 Nov 2013, 08:53
- 11
Re: Michael's (zlabis) Journal [The Magician]
Tue. May 19, 2015
Screen time LO-session 8:00 - 10:00 (GMT+2) M1 DAX only - LIVE
To come straight to the point: today was the day with the highest Pip-count since I've started trading lower time frames.
DAX started with "our" setup at FO, which simply didn't work out today but afterwards it offered good setups due to rather high volatility. 15 minute to London open I started getting prepared to LO breakout which worked out spectacularly today.
Trade 3/20-10:
FO setup with counter fruit. In contrary to many times before, it simply didn't work out today and it got exited at init SL. Unfortunately with nearly 5 Pips slippage (=> SAR into addon #2 of Trade 4/20-10).
trade 4/20-10:
Small Seed in direction of open gator. Seed got broken by 0.5p which is usually my tolerance for considering a signal valid or not, so DS = 1 for that. Added on at next AIMS-level and at highest high (was M5 AIMS as well). I exited addons at strong down fruit and init entry at opposite AIMS-level. I didn't SAR at the mentioned down-fruit because it was a bit too big for my taste for middle of FO session, when volatility is usually decreasing.
Trade 5/20-10:
As it was only 15 minutes to LO I wanted to start praparing my positions for LO breakout. I entered with an S1 and added on at next AIMS-level although SLs were rather big but I wasn't too concerned about it because I saw 2 options:
1. due to simple EW analysis, there was a good probability that there would be a further up-move according to w5.
2. if it had went into range-bound movement, longs would have been stopped out + SAR if it had broken out to the short side at LO.
Option 1 happened and I wasn't stopped out because I left init SLs untouched at their original level below whole range as the longs were not in stage 3 yet.
Addon #2 was at LO breakout above AIMS-level. I exited addon #1 and #2 manually as it had already moved more than 100 Pips in 3 or 4 minutes and it stalled and rejected at H1 TZ2. After I took many Pips it was mentally quite easy to let init trade run and to add on another time as AIMS level stepped down. I exited whole campaign by trailing candles near TZ1 which was possible end of w5 of w3 which turned out to be a good spot to exit.
This was the homerun of the week or the month with nearly 300 Pips.
Trade 6/20-10:
To be prepared to the short side at LO breakout as well I took that fruit-like candle. It seemed that there was forming a valid fruit, so I placed PO before close of that candle. During last few seconds, candle wasn't a fruit anymore (candle touched gator) but I had left PO there - so DS = 0 for that. I added on at next AIMS level and got stopped out at LO opening candle (=> SAR into addon #3 of Trade 5/20-10).
Although Pip-result is spectacular, I'm not 100% happy with my perfomence because I tried to get into the market a bit too hard. Today I had luck that my aggressiveness had not turned against me. Lesson for tomorrow: Reaching DS=100%, being less aggressive and being not enthusiastic or reckless at all.
Trade 3/20-10: DS = 1, SL = 17.4; Result = - 21.8 Pips
Trade 4/20-10: DS = 1, SL = 8.2 + 12.8 + 19.7; Result = + 13.3 + 21.9 + 15.0 = + 50.2 Pips
Trade 5/20-10: DS = 1, SL = 24.4 + 27.2 + 26.1 + 19.2; Result = +107,4 + 87.6 + 80.3 + 19.2 = + 294.5 Pips
Trade 6/20-10: DS = 0, SL = 14.2 + 20.2; Result = - 21.6 - 24.2 = - 45.8 Pips
--------------------------------------------------------------------------------------------------------------------------------------------------
Today's result: + 277.1 Pips , DS = 3 / 4 , 2.00 hrs
Thank you market, thank you Universe
Screen time LO-session 8:00 - 10:00 (GMT+2) M1 DAX only - LIVE
To come straight to the point: today was the day with the highest Pip-count since I've started trading lower time frames.
DAX started with "our" setup at FO, which simply didn't work out today but afterwards it offered good setups due to rather high volatility. 15 minute to London open I started getting prepared to LO breakout which worked out spectacularly today.
Trade 3/20-10:
FO setup with counter fruit. In contrary to many times before, it simply didn't work out today and it got exited at init SL. Unfortunately with nearly 5 Pips slippage (=> SAR into addon #2 of Trade 4/20-10).
trade 4/20-10:
Small Seed in direction of open gator. Seed got broken by 0.5p which is usually my tolerance for considering a signal valid or not, so DS = 1 for that. Added on at next AIMS-level and at highest high (was M5 AIMS as well). I exited addons at strong down fruit and init entry at opposite AIMS-level. I didn't SAR at the mentioned down-fruit because it was a bit too big for my taste for middle of FO session, when volatility is usually decreasing.
Trade 5/20-10:
As it was only 15 minutes to LO I wanted to start praparing my positions for LO breakout. I entered with an S1 and added on at next AIMS-level although SLs were rather big but I wasn't too concerned about it because I saw 2 options:
1. due to simple EW analysis, there was a good probability that there would be a further up-move according to w5.
2. if it had went into range-bound movement, longs would have been stopped out + SAR if it had broken out to the short side at LO.
Option 1 happened and I wasn't stopped out because I left init SLs untouched at their original level below whole range as the longs were not in stage 3 yet.
Addon #2 was at LO breakout above AIMS-level. I exited addon #1 and #2 manually as it had already moved more than 100 Pips in 3 or 4 minutes and it stalled and rejected at H1 TZ2. After I took many Pips it was mentally quite easy to let init trade run and to add on another time as AIMS level stepped down. I exited whole campaign by trailing candles near TZ1 which was possible end of w5 of w3 which turned out to be a good spot to exit.
This was the homerun of the week or the month with nearly 300 Pips.
Trade 6/20-10:
To be prepared to the short side at LO breakout as well I took that fruit-like candle. It seemed that there was forming a valid fruit, so I placed PO before close of that candle. During last few seconds, candle wasn't a fruit anymore (candle touched gator) but I had left PO there - so DS = 0 for that. I added on at next AIMS level and got stopped out at LO opening candle (=> SAR into addon #3 of Trade 5/20-10).
Although Pip-result is spectacular, I'm not 100% happy with my perfomence because I tried to get into the market a bit too hard. Today I had luck that my aggressiveness had not turned against me. Lesson for tomorrow: Reaching DS=100%, being less aggressive and being not enthusiastic or reckless at all.
Trade 3/20-10: DS = 1, SL = 17.4; Result = - 21.8 Pips
Trade 4/20-10: DS = 1, SL = 8.2 + 12.8 + 19.7; Result = + 13.3 + 21.9 + 15.0 = + 50.2 Pips
Trade 5/20-10: DS = 1, SL = 24.4 + 27.2 + 26.1 + 19.2; Result = +107,4 + 87.6 + 80.3 + 19.2 = + 294.5 Pips
Trade 6/20-10: DS = 0, SL = 14.2 + 20.2; Result = - 21.6 - 24.2 = - 45.8 Pips
--------------------------------------------------------------------------------------------------------------------------------------------------
Today's result: + 277.1 Pips , DS = 3 / 4 , 2.00 hrs
Thank you market, thank you Universe
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"Want what the market wants", Bill M. Williams in "Trading Chaos - Second edition"
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Tomi
- AIMSter
- Posts: 954
- Joined: 08 Jan 2012, 19:21
- 13
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Tracker
- Free Member
- Posts: 183
- Joined: 25 Apr 2014, 08:05
- 11
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zlabis
- AIMSter
- Posts: 533
- Joined: 26 Nov 2013, 08:53
- 11
Re: Michael's (zlabis) Journal [The Magician]
Wed. May 20, 2015
Screen time LO-session 8:00 - 09:30 (GMT+2) M1 DAX only - LIVE
Just the short version today ;-)
FO session showed basicly great up-movement with very well-marked waves 3, 4 and 5. I caught w3 and w5 with nice breakouts but exited them too late in hindsight so couldn't take out much advantage of them. Technically and according to my rules the exits were ok. During mentioned wave 4 I got b-trapped.
LO breakout didn't work out well either. Again I caught the breakout but got kicked out with only small profit due to high volatile, erratic price action. After the SAR of the breakout campaign failed as well, I felt that I had dropped out of sync because of that erratic up and down so I stopped trading for today.
Trade 7/20-10: DS = 1, SL = 16.0; Result = - 16.0 Pips
Trade 8/20-10: DS = 1, SL = 21.6; Result = + 7.3 Pips
Trade 9/20-10: DS = 1, SL = 8.0 + 10.9; Result = - 8.0 - 10.9 = - 18.9 Pips
Trade 10/20-10: DS = 1, SL = 18.6; Result = - 6.2 Pips
Trade 11/20-10: DS = 1, SL = 14.4 + 16.6; Result = + 11.3 + 2.6 = + 13.9 Pips
Trade 12/20-10: DS = 1, SL = 17.3; Result = - 17.3 Pips
------------------------------------------------------------------------------------------------
Today's result: - 37.2 Pips , DS = 6 / 6 , 1.50 hrs
Screen time LO-session 8:00 - 09:30 (GMT+2) M1 DAX only - LIVE
Just the short version today ;-)
FO session showed basicly great up-movement with very well-marked waves 3, 4 and 5. I caught w3 and w5 with nice breakouts but exited them too late in hindsight so couldn't take out much advantage of them. Technically and according to my rules the exits were ok. During mentioned wave 4 I got b-trapped.
LO breakout didn't work out well either. Again I caught the breakout but got kicked out with only small profit due to high volatile, erratic price action. After the SAR of the breakout campaign failed as well, I felt that I had dropped out of sync because of that erratic up and down so I stopped trading for today.
Trade 7/20-10: DS = 1, SL = 16.0; Result = - 16.0 Pips
Trade 8/20-10: DS = 1, SL = 21.6; Result = + 7.3 Pips
Trade 9/20-10: DS = 1, SL = 8.0 + 10.9; Result = - 8.0 - 10.9 = - 18.9 Pips
Trade 10/20-10: DS = 1, SL = 18.6; Result = - 6.2 Pips
Trade 11/20-10: DS = 1, SL = 14.4 + 16.6; Result = + 11.3 + 2.6 = + 13.9 Pips
Trade 12/20-10: DS = 1, SL = 17.3; Result = - 17.3 Pips
------------------------------------------------------------------------------------------------
Today's result: - 37.2 Pips , DS = 6 / 6 , 1.50 hrs
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"Want what the market wants", Bill M. Williams in "Trading Chaos - Second edition"
-
immy
- Founder
- Posts: 9654
- Joined: 22 Nov 2010, 16:46
- 14
Re: Michael's (zlabis) Journal [The Magician]
Smashed it brah! ... awesome! LEGEND mate LEGENDzlabis wrote:Tue. May 19, 2015
Trade 3/20-10: DS = 1, SL = 17.4; Result = - 21.8 Pips
Trade 4/20-10: DS = 1, SL = 8.2 + 12.8 + 19.7; Result = + 13.3 + 21.9 + 15.0 = + 50.2 Pips
Trade 5/20-10: DS = 1, SL = 24.4 + 27.2 + 26.1 + 19.2; Result = +107,4 + 87.6 + 80.3 + 19.2 = + 294.5 Pips
Trade 6/20-10: DS = 0, SL = 14.2 + 20.2; Result = - 21.6 - 24.2 = - 45.8 Pips
--------------------------------------------------------------------------------------------------------------------------------------------------
Today's result: + 277.1 Pips , DS = 3 / 4 , 2.00 hrs
Thank you market, thank you Universe
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.
My Deathbed Advice "5:1 Reward to Risk Ratio".
Yo, banana boy!
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.
My Deathbed Advice "5:1 Reward to Risk Ratio".
Yo, banana boy!
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zlabis
- AIMSter
- Posts: 533
- Joined: 26 Nov 2013, 08:53
- 11
Re: Michael's (zlabis) Journal [The Magician]
Thu. May 21, 2015
Screen time LO-session 8:00 - 09:30 (GMT+2) M1 DAX only - LIVE
Today it didn't work out for me. Although all signal I took were valid, I collected a reasonable rent. My daily Stop Loss and my mental barrier (© Tomi) got hit 30 minutes after LO due to erratic up- and down-moves.
Nevertheless I stayed disciplined during whole session and rules saved me from trading around meaningless and at the time my limits had been reached, I quitted immediately.
Trade 13/20-10: DS = 1, SL = 13.7; Result = - 13.7 Pips
Trade 14/20-10: DS = 1, SL = 18.2; Result = + 5.3 Pips
Trade 15/20-10: DS = 1, SL = 8.1; Result = - 8.1 Pips
Trade 16/20-10: DS = 1, SL = 8.3 + 12.0; Result = 6.7 + 3.7 = + 10.4 Pips
Trade 17/20-10: DS = 1, SL = 13.9+12.9+14.2+20.9+26.1; Result=17.2+0.4+14.5-5.1-19.7 = + 7.3 Pips
Trade 18/20-10: DS = 1, SL = 10.1; Result = - 10.1 Pips
Trade 19/20-10: DS = 1, SL = 16.2; Result = - 16.2 Pips
Trade 20/20-10: DS = 1, SL = 11.9; Result = - 14.0 Pips
Trade 1/20-11: DS = 1, SL = 23.2 + 25.7; Result = - 14.5 - 17.0 = - 31.5 Pips
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Today's result: - 71.5 Pips , DS = 9 / 9 , 1.50 hrs, NEXT ;-)
Screen time LO-session 8:00 - 09:30 (GMT+2) M1 DAX only - LIVE
Today it didn't work out for me. Although all signal I took were valid, I collected a reasonable rent. My daily Stop Loss and my mental barrier (© Tomi) got hit 30 minutes after LO due to erratic up- and down-moves.
Nevertheless I stayed disciplined during whole session and rules saved me from trading around meaningless and at the time my limits had been reached, I quitted immediately.
Trade 13/20-10: DS = 1, SL = 13.7; Result = - 13.7 Pips
Trade 14/20-10: DS = 1, SL = 18.2; Result = + 5.3 Pips
Trade 15/20-10: DS = 1, SL = 8.1; Result = - 8.1 Pips
Trade 16/20-10: DS = 1, SL = 8.3 + 12.0; Result = 6.7 + 3.7 = + 10.4 Pips
Trade 17/20-10: DS = 1, SL = 13.9+12.9+14.2+20.9+26.1; Result=17.2+0.4+14.5-5.1-19.7 = + 7.3 Pips
Trade 18/20-10: DS = 1, SL = 10.1; Result = - 10.1 Pips
Trade 19/20-10: DS = 1, SL = 16.2; Result = - 16.2 Pips
Trade 20/20-10: DS = 1, SL = 11.9; Result = - 14.0 Pips
Trade 1/20-11: DS = 1, SL = 23.2 + 25.7; Result = - 14.5 - 17.0 = - 31.5 Pips
---------------------------------------------------------------------------------------------------------------------------------------------
Today's result: - 71.5 Pips , DS = 9 / 9 , 1.50 hrs, NEXT ;-)
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"Want what the market wants", Bill M. Williams in "Trading Chaos - Second edition"