Michael's (zlabis) Journal [The Magician]

[zlabis]

Fri. Aug. 07, 2015

Screen time:
LO-session 10:30 - 11:00 (GMT+2) M1/M5 DAX only - LIVE

Was already busy with preperation for holiday but during a coffee break I decided to have a quick look to the charts. I was lucky to jump in at the right time. Short after the break of purple to the upside, DAX pulled back a bit, showed a Cherry (didn't take it as I wasn't yet in tune with what's going on) in combination with Monarch AO pattern followed by a Monarch Seed which I took. It was a lovely move of nearly 20 Pips in relation to SL of only 6.3 Pips. I exited according to the rules by trailing after 5th green candle with +3%.

I was happy with outcome and quitted because I had to go on with packing and stuff.

Trade 1: DS = 1, SL = 6.3, Result = + 19.1p = + 3.0%, 0.50 hrs


Result of week 32 - 03.08-07.08.2015 - M1 live:
Mon. 03.08. - 9.8p = -1.0%, DS = 5/6, 2.00 hrs, M1/M5
Tue. 04.08. - 7.2p = -1.0%, DS 2/2, 1.50 hrs, M1/M5
Wed. 05.08. + 48.7p = +6.1%, DS = 3/3, 2.00 hrs, M1
Thu. 06.08. + 19.7p = +1.6%, DS = 4/4, 1.00 hrs, M1/M5
Fri . 07.08. + 19.1p = +3.0%, DS = 1/1, 0.50 hrs, M1/m5
-----------------------------------------------------------------------------------------
Result ...... +70.5p = +8.7% (without compounding), DS 15/16 (94%), 11.00 hrs

I'm very pleased with this week's result which has to do with not scaling out 50% at 1:1. For me much clearer Trade- and Money Management, IMHO (simple: SL to BE if 1:1 is hit, do nothing between 1:1 and 2:1, watch for exits if 2:1 is hit).

[Grant]

Fri. Aug. 07, 2015

Screen time:
LO-session 10:30 - 11:00 (GMT+2) M1/M5 DAX only - LIVE

Was already busy with preperation for holiday but during a coffee break I decided to have a quick look to the charts. I was lucky to jump in at the right time. Short after the break of purple to the upside, DAX pulled back a bit, showed a Cherry (didn't take it as I wasn't yet in tune with what's going on) in combination with Monarch AO pattern followed by a Monarch Seed which I took. It was a lovely move of nearly 20 Pips in relation to SL of only 6.3 Pips. I exited according to the rules by trailing after 5th green candle with +3%.

I was happy with outcome and quitted because I had to go on with packing and stuff.

Trade 1: DS = 1, SL = 6.3, Result = + 19.1p = + 3.0%, 0.50 hrs


Result of week 32 - 03.08-07.08.2015 - M1 live:
Mon. 03.08. - 9.8p = -1.0%, DS = 5/6, 2.00 hrs, M1/M5
Tue. 04.08. - 7.2p = -1.0%, DS 2/2, 1.50 hrs, M1/M5
Wed. 05.08. + 48.7p = +6.1%, DS = 3/3, 2.00 hrs, M1
Thu. 06.08. + 19.7p = +1.6%, DS = 4/4, 1.00 hrs, M1/M5
Fri . 07.08. + 19.1p = +3.0%, DS = 1/1, 0.50 hrs, M1/m5
-----------------------------------------------------------------------------------------
Result ...... +70.5p = +8.7% (without compounding), DS 15/16 (94%), 11.00 hrs

I'm very pleased with this week's result which has to do with not scaling out 50% at 1:1. For me much clearer Trade- and Money Management, IMHO (simple: SL to BE if 1:1 is hit, do nothing between 1:1 and 2:1, watch for exits if 2:1 is hit).

Another good week M, very impressive ^:)^

Enjoy your hols mate....

Grant

[zlabis]

Mon. Aug. 24, 2015

Screen time:
LO-session 9:30 - 11:00 (GMT+2) M1/M5 DAX only - LIVE
Info: Candlestick chart is only used for better visibility at zoom level. At trading, at M1 chart, I stick to Bar chart and one step zoomed in.

After 2 weeks off, I was really looking foreward trading again.

When I opened my DAX M1 and M5 charts at 30 minutes past LO for the first time since two weeks, I didn't hardly believe what I saw: it has dropped more than 1.800 points from 8th of August and it kept on moving furiously from FO on.

2 minutes after my session started there showed up a good Cherry signal but it got invalidated by the next candle. We didn't get any signals to enter the following great up move but as it retraced nicely it delivered a lovely pinbar-like Cherry which led me directly into =>

Trade 1:
that was a great Cherry with a spikey pin-bar. Due its high volatility the entry slipped more than 3p. It rushed up and broke 2:1 level with ease. Because it went away from gator very far very fast without showing a fruit-bar and there was divergency, I decided to exit by trailing candles which paid a bit more than +1.1%.

Trade 2:
In the following down move there were no early entry signals again so I waited until there showed up a signal that meets our rules. It was a Cherry again and again PO was executed with some slippage. As there was a strong coincidence of 2:1 level and a strong support level of a previous retracement, I set hard TP at 2:1 where it got hit. Due to slippage it didn't pay +2% but +1.8% wasn't bad either.

Trade 3:
A good AA/PC into possible w5 of w3 which simply didn't work out. It wasn't entry into possible w5 at the end of w4 because minimum requirement of w4 is AO crossing zero line (ZL) what hadn't occured at that time.

Trade 1: DS = 1, SL = 21.1p, Result: +23.9p = +1.1%
Trade 2: DS = 1, SL = 15.2p, Result: +27.4p = +1.8%
Trade 3: DS = 1, SL = 10.7p, Result: -10.7p = -1.0%
------------------------------------------------------------------------
Today's result: + 39.6p = + 1.9% , DS = 3 / 3 , 1.50 hrs

It was simple and effortless as I like and enjoy it. This mechanical approach keeps my rather nervous trigger fingers under control. If there's a signal in line with the rules and the flow charts, I place PO, if not then I don't do anything.

[immy]

hi Michael

Welcome back to trading. We missed you matey! good to have you... now lets start building your account brick by brick. Lets call 1% a Brick. then all we need is 7 bricks to build a 10 brick wall. The power of compounding aye!

cheers see ya tomorrow

[zlabis]

hi Michael

Welcome back to trading. We missed you matey! good to have you... now lets start building your account brick by brick. Lets call 1% a Brick. then all we need is 7 bricks to build a 10 brick wall. The power of compounding aye!

cheers see ya tomorrow

Holidays were very enjoyable but it's cool being back at trading with you and fellow AIMSters ;-)

Cheers
Michael

[zlabis]

Tue. Aug. 25, 2015

Screen time:
LO-session 9:00 - 11:00 (GMT+2) M1/M5 DAX only - LIVE

Today DAX moved very strong with much volatility again. I skipped first few Adam's Apples right after LO and was waiting for a clear move on both M1 AND M5.

Trade 1:
beautiful Monarch Seed while M5 gator opened to the up side. It moved nicely and broke 1:1. 2:1 and 3:1 easily. I trailed 5 green candles and exited close to 3:1 level with +2.9% - Nice ;-)

Trade 2:
As volatility was very high again, I increased max. Seed size to 15p. Therefor that Seed signal was painted. It was a good signal but didn't work out and was closed at init SL with -1.0% rent. Next.

Trade 3:
Good Adam's Apple signal right at 50% fib ret level and purple. Unfortunately it went into a range after PO was triggeres, therefor I moved SL to next AIMS level, where it was exited with -0.6% rent. Next

Trade 1: DS = 1, SL = 13.1p, Result: + 38.2p = + 2.9%
Trade 2: DS = 1, SL = 17.0p, Result: - 17.0p = - 1.0%
Trade 3: DS = 1, SL = 26.6p, Result: - 15.8p = - 0.6%
----------------------------------------------------------------------
Today's result: + 5.4p = + 1.3% , DS = 3 / 3 , 2.00 hrs

Big fun and VERY effortless. Was not even thinking a second about trying to jump on the moving train somehow.

[immy]

makes me laugh! 5.4 Points = 1.3% imagine if you made 54 points then it would be 13%??? hehe .. keep going keep going

[zlabis]

makes me laugh! 5.4 Points = 1.3% imagine if you made 54 points then it would be 13%??? hehe .. keep going keep going

Yes, cool stuff. I really start liking 1%-entries with lot sizes depending on init Stop Loss. So it's possible to make good account gain with minimal pip-count ;-)

[zlabis]

Wed. Aug. 26, 2015

Screen time:
LO-session 10:30 - 11:30 (GMT+2) M1/M5 DAX only - LIVE

Had unexpected appointment in the morning so my session was late and short. I jumped in at 10:30am local time (= 9:30am UK time, 11:30 GKFX time) and DAX was moving nicely.

Trade 1:
Down move of a possible w4 was present and was heading towards 50% fib ret of previous w3 up. TZ1 of last, short term down move and retrace coincided with that 50% fib ret level so I was looking for a reasonable entry to catch those 35-40 pips. There showed up a good Cherry signal but unfortunately price peaked up before it went into my favour so I got kicked out at init SL with -1% rent. Next

Trade 2:
only 2 candles later I took a second attempt to catch that final push to the down side. There was an AA-like pinbar followed by an Inside Bar right at purple so I traded it more like a Momentum Seed. It worked out very well and rushed right into 3:1, TZ1 and 50% fib ret of larger w3 up where all 3 levels fell together and I had my hard TP. I cought that down move nearly to the Pip and exited at hard TP with +3.0%.
As entry was more intuitive and not according to my Trading Plan I give myself DS = 0 for that trade.

Trade 1: DS = 1, SL = 13.2p, Result: - 13.2p = -1.0%
Trade 2: DS = 0, SL = 11.9p, Result: + 35.8p = +3.0%
---------------------------------------------------------------------------------
Today's result: + 22.6p = + 2.0% , DS = 1 / 2 , 1.00 hrs

[zlabis]

Thu. Aug. 27, 2015

Screen time:
LO-session 9:00 - 11:20 (GMT+2) M1/M5 DAX only - LIVE

After a very dynamic FO session, LO was rather choppy. Placed POs for two good signals which got invalidated. Then there followed a period of decreasing volatility and motion. During that time I got tempted to enter 2 (in hindsight) not valid signals (Trade 1 + 2) because of still present M5 up trend. They were invalid because there wasn't any movement at all at that time and I predicted that there will be the final breakout into w5. I actually caught w5 with my Trade 2 but, as mentioned, it wasn't a clear setup. It was pure luck that prediction of w5 got fullfilled. So DS = 0 for both (Trade 1+2).

Trade 3:
This one was a good signal due to strong preceeding up move which simply didn't work out very well. At least it hit 1:1 so it got closed at BE = 0.0%.

Trade 1: DS = 0, SL = 9.6p, Result: +/-0
Trade 2: DS = 0, SL = 12.4p, Result: +31.0p = + 2.5%
Trade 3: DS = 1, SL = 8.7p, Result: +/-0
----------------------------------------------------------------------------------
Today's result: +31.0p = + 2.5% , DS = 1 / 3 , 2.50 hrs

Profit wise it was a great day but I'm not very happy with today's lack of discipline as I allowed myself taking invalid signals due to impatiance.