Michael's (zlabis) Journal [The Magician]

[zlabis]

Thu. Feb 26 and Fri. Feb 27, 2015

Screen time: 0 hrs

I'm very busy at the moment with my office, so there's no time left at the moment for trading. That's the reason why my journal entries are kept a bit short, at the moment. I'll probably come back to charts by next Tuesday or Wednesday. Let's see.

Cheers
Michael

[zlabis]

Result of week 9 - 23.02.-27.02.2015 - live:

Mon. 23.02. + 37 Pips, 2.00 hrs
Tue. 24.02. - 40 Pips, 1.50 hrs
Wed. 25.02. - 21 Pips, 2.00 hrs
Thu. 26.02. no trading
Fri . 27.02. no trading
------------------------------------
Result ...... - 24 Pips, 5.50 hrs

My second month of live-trading is over and it was possible to me to make some more reasonable profit in February. Of course, it's far less spectacular as January with it's 800 Pips but to me, February confirmes once more that the system is working nicely even if market is not moving smootly in my favour at every single session, day or week.

Result of February 2015:
Week 6: + 23 Pips, 2.00 hrs
Week 7: + 98 Pips, 8.00 hrs
Week 8: + 124 Pips, 9.00 hrs
Week 9: - 24 Pips, 5.40 hrs
---------------------------------
Result: + 221 Pips, 24.50 hrs

[immy]

WE MISS YOU MZ

[zlabis]

WE MISS YOU MZ

Hi Immy,
thank you. My project is already nearly finished. Just a few things left. Last two weeks were so demanding that there wasn't any time or energy left for trading. I'll definitly join you by tomorrow but I will give M5 a try for the next weeks. This has some reasons:

.) more time for unplanned disturbance (phone-calls, urgent E-Mails,...)

.) much less demanding. No need to watch chart all the time but only 30 seconds every 5 minutes.

.) after a few months - maybe by June - of M5-DAX-only trading, I will add a second instrument due to diversification. My plan is to make my living as a full-time trader in about 2.5 years or so. From that point, I'll be depeding on the income from trading, with some reserve, of course. IMHO it will be necessary to trade various instruments to diversify the risk over more than one or two markets. I'm confident that my development to a full-time trader will be an exiting journey with fellow support of senior AIMSters who have already accomplished this task.

CU tomorrom,

cheers

Michael

[immy]

WE MISS YOU MZ

Hi Immy,
thank you. My project is already nearly finished. Just a few things left. Last two weeks were so demanding that there wasn't any time or energy left for trading. I'll definitly join you by tomorrow but I will give M5 a try for the next weeks. This has some reasons:

.) more time for unplanned disturbance (phone-calls, urgent E-Mails,...)

.) much less demanding. No need to watch chart all the time but only 30 seconds every 5 minutes.

.) after a few months - maybe by June - of M5-DAX-only trading, I will add a second instrument due to diversification. My plan is to make my living as a full-time trader in about 2.5 years or so. From that point, I'll be depeding on the income from trading, with some reserve, of course. IMHO it will be necessary to trade various instruments to diversify the risk over more than one or two markets. I'm confident that my development to a full-time trader will be an exiting journey with fellow support of senior AIMSters who have already accomplished this task.

CU tomorrom,

cheers

Michael

well said Michael! one thing I'd like to say though. You won't need to add anything even on m5.
Consider this...
"2002 Karen (the super trader) takes an options trading course. Karen then starts trading with $100k of capital. Now Karen is managing around $190,000,000 with $110,000,000 being profits. Her strategy is based on trading just 3 large indexes" (out of which she says mostly over 80% is SPX.

[wiseambitions]

WE MISS YOU MZ

Hi Immy,
thank you.
cheers

Michael

well said Michael! one thing I'd like to say though. You won't need to add anything even on m5.
Consider this...
"2002 Karen (the super trader) takes an options trading course. Karen then starts trading with $100k of capital. Now Karen is managing around $190,000,000 with $110,000,000 being profits. Her strategy is based on trading just 3 large indexes" (out of which she says mostly over 80% is SPX.

And now, every time Karen trades, she moves the market ! ! ! !

She divides her account with 11 brokers and she has a trade copier from her main metatrader page to instruct the other 10 simultaneously lol

[immy]

Lol not really

[zlabis]

Result of week 10 - 02.03. - 06.03.2015 - live:
I didn't trade that week due to very much office work

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

Mon. Mar 9, 2015

Screen time LO-session 9:00 - 10:30 (GMT+1) M5/M15 DAX only.
Screen time NYO-session 15:00 - 16:00 (GMT+1) M5/M15 DAX only.

After 1.5 week absence from trading, I'm back at my trading routine. I switched to M5 for the already mentioned reasons and it proved to be true that it's much less demanding than pure M1 trading.

At LO DAX moved strongly and offered some good opportunities. Trade 1 was the continuation of the preceeding lovely down-fruit. It took the AIMS break as it was below gator in direction of trada and trend. Exit at good up-fruit and SAR into Trade 2. Both trades ended with some nice little Pips.

Because I was at my computer at that time, I decided to trade a bit of NYO as well. After an up-move and a small correction, a spikey down-fruit with good angulation was good signal for a going short. It failed.

Today's result:

+ 24 (not 25 as on screen-shot) + 47 - 17 = + 54 Pips with very little effort compared to M1

BTW: with today's 3 trades I've started the "20 Trades Principle" of pure Fruit trading to strengthen consistency and to check out for me the edge systematicly. I'm pretty sure, Immy already knows all statistical probabilities but being told about something is different than experiencing and internalizing it.

[zlabis]

Tue. Mar 10, 2015

Screen time LO-session 8:45 - 11:00 (GMT+1) M5/M15 DAX only.
Screen time afternoon-session 12:30 - 15:30 (GMT+1) M5/M15 DAX only.

LO started with high volatility and good motion. Entered first trade (Trade 5 of 20 Trades/set 1) at a lovely up fruit. For some reason, I can't remember anymore, I moved SL and didn't go short not even when fruit failed. That kept me off from catching this beautiful M5-down trend. Watching it fall without being short blocked my perception completely instead of simply taking the next break of AIMS after a failed up-fruit.
The second trade (Trade 6 of 20/1) was such a case. Fruit signal was good but I didn't SAR when it failed.
My third trade (Trade 7 of 20/1) was another good fruit signal which worked out nicely but, to my surprise, I got stopped out because I forgot to switch off Trade Manager EA which automaticly trailed candles automaticly.

That was it for that day as I had to leave soon after that. It was a trading day with many mistakes because I feel somehow blocked and unable to get in "smooth trading mood" - a little bit cramped.

Today's result:

- 2.6 - 14.5 + 47.5 = + 30.4 Pips

[zlabis]

Wed. Mar 11, 2015

Screen time LO-session 9:00 - 12:00 (GMT+1) M5/M15 DAX only.
Screen time afternoon-session 14:30 - 16:00 (GMT+1) M5/M15 DAX only.

Today DAX started as usual and offered a good entry opportunity with the break-out of the AIMS-box. It was the beginning of a great M5 up-trend. I caught the up-move late after a failed fruit, what was ok but I was not able to stay in. Too much fear to lose probably let me trail green bars instead of closing at green gator.

Afternoon session was ok according to entries and exits but I was stuck in correction and therefore not able to catch the break-out until I had to leave what results in a rather big over-all rent.

I have to admit, today was my worst trading days since months. Not so much because of the result but because of the mistakes, my discomfort and negativ energy which I felt increasing as session was proceeding. I'm not quite sure what happend. Maybe it's the change to M5 or struggling a bit with difficult trading conditions in February before my break at last two weeks, which makes me ponder about it. I haven't came back with this easy trading attitude - everything seems more difficult at the moment.

All that although I've planned to achiev the 20 Trades Principle consequently and disciplined.

Today's result:

- 6.6 - 18.1 - 83.4 = - 108,1 Pips ... that's rather massive :-s