Michael's (zlabis) Journal [The Magician]

[immy]

Mon. Jun 29, 2015

Today was great but I have to admit that, as Grant and Immy are promoting in skype room recently, I start to get appealed by low-risk Seed entry technique. I'm not too familiar with it yet but I will have a closer look at it.

DO NOT

[zlabis]

DO NOT

I knew you will say that )

[zlabis]

Tue. Jun 30, 2015

Screen time:
LO-session 9:00 - 10:30 (GMT+2) M1 DAX only - LIVE

DAX moved strongly after LO again but did not take first breakout blindly because it seems that it doesn't work out anymore. So I waited for a proper signal which led directliy into =>

Trade 2/20-18:
It was a good counter fruit signal a few minutes after LO with big angulation. It was followed by a w1-2 formation with a deep retracement of w2 followed by a breakout where I took an add on. Tho down move was very smooth without much retracement. I didn't exit at earlier fruits because price was going down parallel to green gator without angulation and their down-pushes were only for 2 candles. I exited with very good result at a strong counter fruit which was formed after price went away from gator too far too fast, according to rubber band principle. Even in hindsight, it was a reasonable exit with which I covered about 2/3 of the whole move.

After that, DAX went into correction - actually wave 4. We had some lively conversation on skype so I wasn't very much interested trading that w4. But as w4 went towards its possible end, I was watching out for an AA Fruit somewhere at the typical retracement levels of w4s (38.2%, 50.0% and 61.8% fib ret).

Trade 3/20-18:
As there formed that lovely, tiny AA Fruit right at 61.8% level, I immediately pulled the trigger into a great w5 down. It went through gator nicely but I didn't add on because add on level was very far away from entry level. Unfortunately I overanalyzed chart too much and became unsure if it's going into full w5 down or, in contrary, into w3 up after a big w1-2 up at that up fruit. That way I was not in sync with market anymore and therefore decided to exit there with some nice Pips. In hindsight the wrong decission, espacially since I had already targeted TZ1 for a possible end of w5 down. Trusting the structure of the market would have done the trick to cover more of that awesome down move. DS = 0.5 for being too protective with exit although exit fruit was a proper signal.

Overall I'm very happy that I was able to catch the beginnings of the big moves and to take out good Pips but I have to focus more on add ons again and to trust exit rules more again to take full advantage of those great moves.

Trade 2/20-18: DS = 1, SL = 18.0 + 26.9, Result = + 70.3 + 61.4 = + 131.7 Pips
Trade 3/20-18: DS = 0.5, SL = 11.2, Result = + 34.8 Pips
-----------------------------------------------------------------------------------
Today's Result: + 166.5 Pips , DS = 1.5 / 2 , 1.50 hrs

RESULT OF JUNE 2015
Week 23: + 103.0 Pips, DS = 23/24, 6.50 hrs => + 4.12%
Week 24: + 175.5 Pips, DS = 29/30, 10.00 hrs => + 7.02%
Week 25: - 111.9 Pips, DS = 20/22, 7.25 hrs => - 4.48%
Week 26: + 93.7 Pips, DS = 32/33, 11.00 hrs => + 3.75%
Week 27: + 348.1 Pips, DS = 5.5/6, 3.00 hrs => + 13.24%
---------------------------------------------------------------------
Result: + 608.4 Pips, DS = 109.5/115 (95.2%), 37.75 hrs
this is + 25% account growth with weekly compounding and 0.6% risk per entry with an avg. SL of 15 Pips.

I have to admit, that during mid of June conditions were a bit difficult at FO and LO sessions to me and now I'm a bit surprised, that the overall results of June are rather good. No reason to be afraid of something or to be over protective. I can trade with confidence and with trust into our system and my skills.

[Grant]

^:)^ \:D/ ^:)^ \:D/ ^:)^ \:D/

[Tomi]

Thumbs up and hats off chap!

[zlabis]

Wed. July 1, 2015

Screen time:
LO-session 9:00 - 10:30 (GMT+2) M1 DAX only - LIVE

Great trading today although not that smooth than last 2 days. First 30 minutes of LO session were choppy where I had 2 rents (Trade 4 and 5/20-18) after which I stopped chasing trades. I waited for a signal which was a good S1 after AIMS box had tightened =>

Trade 6/20-18:
A nice S1 which led into a smooth steady up mov ewhich ended in a counter fruit. I better had SARed there but at that time the fruit seemed to have only little angulation and price moved paralle to gator. In hindsight a not 100% correct analysis because it actually did push up for the last 2 candles - anyway, Next.
I wanted to prevent to close it too early so decided to exit at green gator. As AIMS level was rather close to exit signal candle, I cosed below AIMS with nearly +/-0.

Trade 7/20-18:
After I missed that, in last trade mentioned, down fruit, I took the following breakout of AIMS below red gator. Add on was at next AIMS level. At that move I wanted to implent my proposal of closing trades in good, trending moves at green gator or by trailing AIMS. Doing so, I stayed in after a strong counter fruit but unfortunately got kicked out in the next pullback by not even 1 Pip with profit that payed more than earlier rents.

But I will NOT beat myself up for missing that down Fruit because 1. while trading live it didn't look like a good signal to me (only in hindsight it was a good signal), 2. it does not change anything and I can't make undone, 3. beating myself up leads into bad feelings about myself which negatively influence my belief system.

While trading today I literally felt my confidence taking add ons and staying in trades longer according to my exit rules (main exit is green gator or AIMS) because only then I can catch the big moves with huge positive results. Jumping out at the very first tiny move in opposite direction definitly will not give me a chance for taking advantage of big moves. Today it nearly payed off massively because my SL at trade 7 got hit by only 0.5 Pips before it dropped again - but that's trading. Next time it will work out.

Trade 4/20-18: DS = 1, SL = 21.1, Result = - 13.1 Pips
Trade 5/20-18: DS = 1, SL = 18.7 + 23.4, Result = - 8.0 - 19.5 = - 27.5 Pips
Trade 6/20-18: DS = 1, SL = 14.8, Result = - 1.2 Pips
Trade 7/20-18: DS = 1, SL = 15.2 + 19.7, Result = + 29.4 + 21.3 = + 50.7 Pips
----------------------------------------------------------------------------------------
Today's result: + 8.9 Pips, DS = 4 / 4 , 1.50 hrs

[zlabis]

Thu. July 2, 2015

Screen time:
LO-session 9:00 - 10:15 (GMT+2) M1 DAX only - LIVE

DAX was a bit calmer during LO session with some rather smooth up and down moves in a 60 Pips range with good setups and small but reasonable profit-possibilities. I was able to take out a bit of what was possible.

Trade 8/20-18:
Counter fruit at first bigger move after LO. No add on taken because add on level was too fas away from initial entry. Exited, as I will mostly do in future, at green gator with small profit.

Trade 9/20-18:
Counter Fruit trade of previous trade at a big up fruit. During live trading it seemed to be a bit of gut-feeling-entry but in hindsight it was a proper fruit according to angulation. Add on at next AIMS level. Exit was at green gator with small profit although there was a very good fruit earlier which could or should have been used to SAR.

Trade 10/20-18:
Breakout trade which actually was add on for that not-taken counter fruit earlier. Didn't add on and exited after some pullback at green gator/AIMS with discipline and small profit.

Profit was not that big today but trading was big fun riding those smaller up and down waves. I will not beat myself up for missing the one or other opportunity to make more Pips because I can't change it anymore and I'm rather happy to pull out some nice Pips at all.

Trade 8/20-18: DS = 1, SL = 18.0, Result = + 9.6 Pips
Trade 9/20-18: DS = 1, SL = 26.2 + 16.7, Result = + 14.9 - 3.5 = + 11.4 Pips
Trade 10/20-18: DS = 1, SL = 14.6, Result = + 7.6 Pips
-----------------------------------------------------------------------------------------
Today's result: + 37.8 Pips, DS = 3 / 3, 1.25 hrs

Everyday 37.8 Pips and I make about 2.5 Mio Euros in one trading year with a start capital of 10.000 Euro ;-)

[immy]

Michael! well traded and thank you for no succumbing in the seed "embargo". You're a fruitarion by core like Tomi. Its true it may or may not be for every one. Seed is great, its amazing but why change! Trying the seed may be good for those who have not yet found their groove. But you have. All you gotta do is trade like this again and again and again and make your wishes come true....

Look at Ray! he's turned an account from A Value start 18th of June and turned it 10 times over by the end of June. I shared that image in Skype you must have seen it. What does he do? Same thing over and over and he's got confidence in it so he goes for it and converts money into gold!

keep going keep going

[Tomi]

Last weeks London open have not provided the kind of breakouts what we got used to. But I think it's the same as with other styles, market behaves differently in different times. Like in M5/M1/S1 trading. Sometimes M5 settles but M1 doesn't. Sometimes M1 have a nice saddle point but M5 is just a mess. And of course sometimes everything settles and it's trading time! Market goes in waves and i'm sure DAX will provide lot of fantastic opportunities for us. Either way, 1% per day, some really good runs sometimes, it's really enough and we rock.

Fruit trading has one build-in feature and advantage. Fruit + angle means that market is moving. Does fruit mean that market continues to move or move at least in big range? Of course not, but by placing a PO we have a first class ticket to find out.

Have fun fellow, nice trading!

[immy]

Last weeks London open have not provided the kind of breakouts what we got used to. But I think it's the same as with other styles, market behaves differently in different times. Like in M5/M1/S1 trading. Sometimes M5 settles but M1 doesn't. Sometimes M1 have a nice saddle point but M5 is just a mess. And of course sometimes everything settles and it's trading time! Market goes in waves and i'm sure DAX will provide lot of fantastic opportunities for us. Either way, 1% per day, some really good runs sometimes, it's really enough and we rock.

Fruit trading has one build-in feature and advantage. Fruit + angle means that market is moving. Does fruit mean that market continues to move or move at least in big range? Of course not, but by placing a PO we have a first class ticket to find out.

Have fun fellow, nice trading!

Well Said,

Could not agree more.... The best line you wrote was about ... Fruit with angle means its moving... and that is the power of Fruit. You don't trade when its not moving... that's it.

and does that mean, it can help us predict the future accurately 100% of the time in terms of what will follow beyond the point of spotting the fruit signal , in to the future? Nope, what it tells us that there is a higher probability of that happening and that if it happens there is a higher probability that we will make a good profitable trade which if repeated long enough will prove to be a quantifiable edge in the markets. and thats trading....

Well said! we don't know ... (we don't know the future) we don't know the past, we know the now. We know this is the setup right now.... (even if its not in hindsight) its is a setup now. and thats all we know. I can adjust my risk, i can adjust my entry and exit spots... but i cannot tell what will the future bring... but here is a question... everytime you go to bed, do you know you're gonna wake up tomorrow? but you never worry do you? why?