Pedro's Journal !
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acceleratum
- Posts: 597
- Joined: 03 Nov 2015, 14:38
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immy
- Founder
- Posts: 9654
- Joined: 22 Nov 2010, 16:46
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Re: Pedro's Journal !
The Hunt is proving itself... Beccause its Low Volatility proof. This setup you've taken, is THE SETUP we are after. Strong Breakout out of the range, then pullback and bang bang... ooopsie i just gave away The HUNT!
Have a Goodun!!!
ps: will you guys ever stop????
Have a Goodun!!!
ps: will you guys ever stop????
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!
-
acceleratum
- Posts: 597
- Joined: 03 Nov 2015, 14:38
- 9
Re: Pedro's Journal !
immy wrote:The Hunt is proving itself... Beccause its Low Volatility proof. This setup you've taken, is THE SETUP we are after. Strong Breakout out of the range, then pullback and bang bang... ooopsie i just gave away The HUNT!
Have a Goodun!!!
ps: will you guys ever stop????
yeah.. theres no trading during Christmas and weekends or I would go and hunt some more!!! XD
-
acceleratum
- Posts: 597
- Joined: 03 Nov 2015, 14:38
- 9
-
immy
- Founder
- Posts: 9654
- Joined: 22 Nov 2010, 16:46
- 14
Re: Pedro's Journal !
Well done Great Trading... the power of discipline and WWTMWants ... Meaning Be in tune with the market meaning trade only according to your signals. If you want to want what the market wants, because the holy grail of trading is "want what the market wants" and the holy grail of understanding this rather ambiguous statement is this statement
"be in synch / in tune with the market" and the holy grail of this statement is actually simpler...
It means, Trade ONLY according to the signals of your system. Your system signals based on your rules of validation and filtration may give you a huge , a moderate, minor or no edge at all, but if you follow it YOU always become a better trader. And that is the most important asset you can ever acquire in any field of human endeavours. .
my 2 cents worth...
"be in synch / in tune with the market" and the holy grail of this statement is actually simpler...
It means, Trade ONLY according to the signals of your system. Your system signals based on your rules of validation and filtration may give you a huge , a moderate, minor or no edge at all, but if you follow it YOU always become a better trader. And that is the most important asset you can ever acquire in any field of human endeavours. .
my 2 cents worth...
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!
-
acceleratum
- Posts: 597
- Joined: 03 Nov 2015, 14:38
- 9
Re: Pedro's Journal !
DAX30m1 Cherry TP 2% : DS1
The big cherry was skipped due to my settings: Risk was above 130 pips so it skipped. First seed placed order but I canceled after two bars since it didn't trigger, then got in on third one and profit.
Skip signals with risk above 130 pips and canceling after two bars are part of my trading plan so everything was disciplined, and while I've been using it always I leave here as reference, maybe ill add all my settings to the journal for future comparison.
The big cherry was skipped due to my settings: Risk was above 130 pips so it skipped. First seed placed order but I canceled after two bars since it didn't trigger, then got in on third one and profit.
Skip signals with risk above 130 pips and canceling after two bars are part of my trading plan so everything was disciplined, and while I've been using it always I leave here as reference, maybe ill add all my settings to the journal for future comparison.
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acceleratum
- Posts: 597
- Joined: 03 Nov 2015, 14:38
- 9
Re: Pedro's Journal !
DAX30m1 Cherry SL -1% : DS1 This was a disciplined trade according to my rules but I wasn't as demanding as usual, since I should had turned off auto by then, still it doesn't break my rules but I will have to better specify when to turn auto off on next plan update.
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acceleratum
- Posts: 597
- Joined: 03 Nov 2015, 14:38
- 9
Re: Pedro's Journal !
Lots of setups today !
DAX30m1 Seed TP 2% : DS1
DAX30m1 Seed BE 0% : DS1 :BE SL now has half a pip of buffer to compensate for slippage (thanks to new ATM version), should average out to 0% anyway after several trades.
DAX30m1 Cherry SL -1% : DS1 : Valid signal but not the best since waited too much dark bars, still left it on due to the strong short trend and good retrace.
DAX30m1 Seed TP 2% : DS1
DAX30m1 Seed BE 0% : DS1 :BE SL now has half a pip of buffer to compensate for slippage (thanks to new ATM version), should average out to 0% anyway after several trades.
DAX30m1 Cherry SL -1% : DS1 : Valid signal but not the best since waited too much dark bars, still left it on due to the strong short trend and good retrace.
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acceleratum
- Posts: 597
- Joined: 03 Nov 2015, 14:38
- 9
Re: Pedro's Journal !
DAX30m1 Cherry SL 2% : DS1 : Despite passing filters and being a profit it was not the best setup, got "lucky".
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acceleratum
- Posts: 597
- Joined: 03 Nov 2015, 14:38
- 9
