Michael's (zlabis) Journal [The Magician]

[zlabis]

Thu. Apr 23, 2015

Screen time LO-session 8:00 - 9:00 (10:00) (GMT+1) M1 DAX only - LIVE

Blueprint of yesterday's Frankfurt open: strong up-move, stopped with a fruit - bang, bang

Trade 18/20-5:
like yesterday there was a good fruit signal against direction of the first two opening bars but in contrary to yesterday I took it today. Add on was at next AIMS-level. I let it run and exited both positions at trailing AIMS.

Trade 19/20-5:
After this first down-move, it went asleep a bit and offered a pretty, small-risk classic S1. There was even a tiny AA-fruit which I did not take as it was inside AIMS-box. Took add on 1 as I've already moved PO below possible new AIMS-level. Price broke out in the last 2 seconds, so it did not form a new AIMS-level, so signal was seed instead of AIMS break. Add on 2 was SAR of counter-fruit Trade 20/20-5 and break of AIMS as well. I exited complete campaign by trailing candles as pric went too far too fast from gator without creating a fruit-exit signal.

Trade 20/20-5:
This counte-fruit entry was the obligatory attempt to catch the trend reversal but failed and got exited at initial level => SAR into add on 2 of Trade 19/20-5.


Trade 18/20-5: DS = 1, SL = 11.1 + 22.5; Result = + 27.5 + 16.9 = + 44.4 Pips
Trade 19/20-5: DS = 1, SL = 8.9 + 15.0 + 14.5; Result = + 37.8 + 12.0 + 3.7 = + 53.5 Pips
Trade 20/20-5: DS = 1, SL = 12.7; Result = - 12.7 Pips
---------------------------------------------------------------------------------------------
Today's result: + 85.2 Pips, DS = 3 / 3

I quitted active trading shortly after LO as I was already happy with the result and there was no good entry signal in this beautiful up-move. I was thinking about taking this up-fruit 3 candles to LO but rejected it because it was inside AIMS-box and with that flaw, SL seemed too big (18p) to take that unclean signal.

[immy]

you've been absolutely on fire this week! trading earlier than the rest and making more pips than most! wow

keep at it buddy! don't change a thing. keep going. the days are near when you'll be getting some massive offers from around the world! don't be tempted just keep trading your own money. Its a formula that is working, a slight change here and there can set you off balance. enjoy it and don't boost or complain. maintain a balanced approach. go for it!

I am certainly loving it!

[zlabis]

you've been absolutely on fire this week! trading earlier than the rest and making more pips than most! wow

keep at it buddy! don't change a thing. keep going. the days are near when you'll be getting some massive offers from around the world! don't be tempted just keep trading your own money. Its a formula that is working, a slight change here and there can set you off balance. enjoy it and don't boost or complain. maintain a balanced approach. go for it!

I am certainly loving it!

Thanks Immy

This week is indeed running quite well and I'm definitly not changing anything as I feel real joy and pleasure at trading now, I promise. And maintaining the balance is one of the keys for me and my wellbeing.

Btw: I will not take any offers and will only trade own money :-bd

Cheers

[ochbyn]

Awesome trading. Also, be thankful you live in a country that allows you to trade this way. Unfortunately the good ole USA doesn't allow us.

[azadar]

Great trading and journal Michael. Its very inspiring for me to see another member make tons of pips. Keep it up and thank you for sharing

[zlabis]

Great trading and journal Michael. Its very inspiring for me to see another member make tons of pips. Keep it up and thank you for sharing

Thank you David for your comment. It's great to see other traders finding something for them out of my journal.

Cheers

Michael

[zlabis]

Fri. Apr 24, 2015

Screen time LO-session 8:00 - 10:15 (GMT+1) M1 DAX only - LIVE

Start of my today's session was FO (8:00am lokal time = 7:00am UK time = 9:00am chart time) but unlike last days trading was more "busy" than last days. Although DAX started with volatility and good movement at FO with the typical behaviour (gap or strong move of 2 or 3 bars in one direction, followed by a counter fruit and a move in the opposite direction), it took more trades during my whole session until around 10am as usually. But following my plan and taking entry- and exit-signals as they appear, it was possible to make high-quality trades. This fact is most important to me: I want every trade to be high-quality - the rest (profit) comes by itself.

Trade 1/20-6:
As mentioned above, this was the standard FO-trade with a gap or push to one side and a counter-fruit-entry to the other. Risk was small and add on followed a few bars later. As trade was in stage 3 already I was thinking about closing at rather good down-fruit (took Trade 2/20-6 there) but I'm more comfortable closing trades at green gator or at trailing AIMS. Exit below green/whole gator.

Trade 2/20-6:
Counter fruit entry (while Trade 1/20-6 was still running) with good angulation. It went trhough gator with pace but formed a new AIMS-level for add on rather late but nevertheless I added on there (= SAR of Trade 3/20-6). Market turned around right at the next bar and exit of both positions above green gator.

Trade 3/20-6:
Good counter-fruit which simply failed after a bars. Exit at failed-fruit level => SAR into Trade 2/20-6 add on.

Trade 4/20-6:
Was a good counter fruit with reasonable angle but missed it. According to my trading plan I took entry into open (=still valid) signal with even lower risk. As market has lost volatility this entry remained filled until AIMS-break at LO in opposite direction. A spike down at LO triggered the stop-level.

Trade 5/20-6:
One of my favourite pre-LO setups with this lovely, tiny AA-fruit. If DAX had broken out at LO in direction of this entry, it would have given a superb R/R ratio, but it just didn't work out.

Trade 6/20-6:
Another good pre-LO AA-fruit signal with one add on to be prepared for LO breakout but unfortunately it didn't work out either.

Trade 7/20-6:
This was an S1-entry for LO-breakout. It's predefined SL below AIMS-box was very small but I moved it below down-peaking candle. Added on at break of M5-AIMS level which was running well. As price went up strongly away from gator, I decided to trail candles with add on and closed init trade at good down-fruit (=> SAR into Trade 8/20-6).

Trade 8/20-6:
Good counter-fruit signal with big angle. Add on was rather late, far in stage 3 but as init trade was already in good profit and green gator wasn't too far away, I took that add on. DAX went into a short correction and it was a good chance that price would have gone further down what it didn't. I exited bot positions according to my plan by trailing AIMS.

Trade 9/20-6:
Assuming that previous down-move was w3 and price rejected between 38.2% and 50% Fib ret. with a lovely PC and BDB-candle, I went short into a possible and high-probable w5 of w3. I added on, which was a nice S1, at next stepping up AIMS level. But, as our first fundamental trading truth states "Anything can happen", it simply didn't work out although all variables were valid and in my favour. I exited add on above AIMS (=> SAR into Trade 10/20-6) and init PC/BDB-entry above signal bar.

Trade 10-20/6:
Breakout SAR of add on of Trade 9/20-6 with gaining up-momentum but closed it below very strong down-fruit (=> SAR into Trade 11/20-6).

Trade 11/20-6:
AA-fruit (SAR of Trade 10/20-6) with add on below new, stepping up AIMS-level. While trade was still running, I took counter up-fruit at possible bottom of w3 after a possible w1-2 into Trade 12/20-6.
Because it could have been possible w5 down as well, I decided to let trade 11/20 run, at least until break of AIMS. Both positions of Trade 11/20-6 were stopped out there at trailing AIMS (SAR into add on of Trade 12/20-6).

Trade 12/20-6:
Nice up-fruit into possible w3 after a w1-2. Added on with an S1 at next AIMS-level. It turned out that this time the assumtion was correct. Against my usual practice, I placed a hard Take Profi level at 61.8% FE level because my time for today was nearly over. I would have exited either at a valid exit signal or at that TP. TP was hit first and in hindsight it was perfect level - with luck and a bit usage of wave count and Fibonacchi-numbers.


As summary I can say, even during sessions without a clear direction, it is important to me to take good entry- and exit-signals without hasitation or doubts. And it's important to me as well, to keep my mind open for signals both directions even if wave count or other indications seem to give a bias in a certain direction.

Trade 01/20-6: DS = 1, SL = 9.5 + 11.5; Result = + 5.0 - 5.8 = - 0.8 Pips
Trade 02/20-6: DS = 1, SL = 9.7 + 15.0; Result = + 15.9 - 11.7 = + 4.2 Pips
Trade 03/20-6: DS = 1, SL = 11.7; Result = - 14.0 Pips
Trade 04/20-6: DS = 1, SL = 6.4; Result = + 0.1 Pips
Trade 05/20-6: DS = 1, SL = 6.2; Result = - 6.5 Pips
Trade 06/20-6: DS = 1, SL = 7.9 + 17.0; Result = - 7.9 - 16.2 = - 24.1 Pips
Trade 07/20-6: DS = 1, SL = 23.0 + 14.9; Result = + 19.5 + 17.1 = + 36.6 Pips
Trade 08/20-6: DS = 1, SL = 27.2 + 25.4; Result = +47.8 - 10.6 = + 37.2 Pips
Trade 09/20-6: DS = 1, SL = 23.5 + 22.9; Result = -23.5 - 23.0 = - 46.5 Pips
Trade 10/20-6: DS = 1, SL = 22.3; Result = +4.2 Pips
Trade 11/20-6: DS = 1, SL = 25.4 + 17.8; Result = - 7.7 - 17.7 = - 25.4 Pips
Trade 12/20-6: DS = 1, SL = 13.6 + 24.2; Result = + 58.1 + 39.2 = + 97.3 Pips
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Today's result: + 62.3 Pips, DS = 12 / 12


Result of week 17 - 20.4.-24.4.2015 - M1 live:
Mon. 20.04. + 164.1 Pips, DS 3/3, 2.00 hrs, M1
Tue. 21.04. + 76.4 Pips, DS 3/4, 2.00 hrs, M1
Wed. 22.04. + 159.9 Pips, DS 5/5, 2.00 hrs, M1
Thu. 23.04. + 85.2 Pips, DS 3/3, 1.00 hrs, M1
Fri . 24.04. + 62.3 Pips, DS 12/12, 2.25 hrs, M1
---------------------------------------------------------------------
Result ...... + 547.9 Pips, DS 26/27, 9.25 hrs

This week was really great and I am totally grateful for what market offered to me but my expectations about results need to stay neutral.

[zlabis]

Mon. Apr 27, 2015

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

My trading session started at Frankfurt open again and again, right at the beginning, DAX showed the same behaviour as last days with a push in one direction and reversal to the other initiated by a fruit. Today the FO session was rather straight foreward to trade from fruit to fruit. Londown open had high volatility and movement and offered a couple of good entry opportunities.

Trade 13/20-6:
The commen FO-trade as already discribed above. Entry at reversal fruit, add on at next AIMS level (with 3p slippage). Exit of add on at next good up-fruit (SAR into Trade 14/20-6) and exit of init trade at AIMS (SAR into add on of Trade 14/20-6) with a bit strange broker behaviour as it didn't executed my Stop order - only the buy-stop order of SAR was filled. I had to restart MT4 to reset server connection befor it got executed.

Trade 14/20-6:
Both entries, Fruit and add on at next AIMS-level, were SAR of Trade 13/20-6. I exited both positions at next strong counter-fruit (=> SAR into Trade 15/20-6).

Trade 15/20-6:
SAR-Fruit of Trade 14/20-6 and add on at next AIMS-level. This time I didn't exit at next counter-fruit as my analysis (possible w1-2 down) brought me to the result that probability that price will go further down was higher than it will not. So I exited both positions above green gator.

Trade 16/20-6:
Lovely, tiny AA-fruit, which I took, while Trade 15/20-6 was still running. With that small SL, I didn't think twice to take it. It turned out to be a very good entry and I closed it at a very promising down-fruit (=> SAR into Trade 17/20-6). In hindsight it was not the best decission to close it the safe way because we were only 15 minutes to LO and I had a very small risk if I would have let it run. It would have been the perfect pre-LO entry in direction of the LO-breakout, which I was usually looking for before LO. But anyway, it was a good-quality trade with proper entry and exit, IMO.

Trade 17/20-6:
Fruit (SAR of Trade 16/20-6) which simply failed (SAR into Trade 18/20-6). Same problems again with executing orders just this time SL-order was filled and buy-stop order for SAR entry wasn't. I needed to restart MT4 again.

Trade 18/20-6:
Was an S2-entry (SAR of Trade 17/20-6), add on at next AIMS-level, both entries a few minutes before LO but nit with the small SLs I usually prefer. LO was a nice breakout to the up-side but it stopped immediatly with a strong down-fruit. As I think to have often experienced that fruits right at or short after LO have high probability to work out, I placed my exit-levels for the trade below that fruit and a PO for SAR down as well. Because price stalled inside AIMS-box at top of that move, I canceled the short-PO (unfortunately ;-) ). Exit below fruit/AIMS.

Trade 19/20-6:
I missed the down-fruit entry but there was good down momentum and indication for good chance to be in a down w1-2, so I decided to enter at the next AIMS-level. I had only one position so I placed exit-level above this good counter fruit where it got triggered.

After Trade 19/20-6 I was totally happy with my trading so far and the result as well so I stopped active trading for today.

Trade 13/20-6: DS = 1, SL = 14.2 + 17.5; Result = + 15.0 - 3.0 = + 12.0 Pips
Trade 14/20-6: DS = 1, SL = 11.5 + 13.5; Result = + 9.4 + 3.9 = + 13.3 Pips
Trade 15/20-6: DS = 1, SL = 7.8 + 16.5; Result = + 5.3 - 3.8 = + 1.5 Pips
Trade 16/20-6: DS = 1, SL = 7.0; Result = + 22.9 Pips
Trade 17/20-6: DS = 1, SL = 11.8; Result = -11.8 Pips
Trade 18/20-6: DS = 1, SL = 19.0 + 18.5; Result = + 19.1 + 4.5 = + 23.6 Pips
Trade 19/20-6: DS = 1, SL = 25.0; Result = + 49.8 Pips
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Today's result: + 111.3 Pips, DS = 7 / 7

[immy]

You are THE MAGICIAN !

[zlabis]

You are THE MAGICIAN !

Wow, thanks Immy for upgrade. (hug)

Recently, espacially since I'm starting my session earlier, I somehow get in tune with the market more easily - it's fun ;-)