Michael's (zlabis) Journal [The Magician]

[zlabis]

Thanks guys for your effort, reading and commenting my posts ;-)

[zlabis]

Mon. Jun 22, 2015

Screen time FO + LO-session 8:00 - 8:15 and 8:45 - 10:30 (GMT+2) M1 DAX only - LIVE

No FO trades because of no setup during first minutes.

London Open was quite a mess: big, expanding box, erratic moves without direction. After only 3 failed attempts (Trade 16 to 18/20-15) I had already collected -98 Pips but I didn't check Pip-result so I too another entry (Trade 19/20-15 + 2 add ons) which was a good S2 into possible w5 of w3. It turned out that it became a w3 of 3 and payed back most of rents from LO beginning.
While that nice long-campaign, I also took a good counter Fruit (Trade 20/20-15) which simply failed.

All in all it was a tough beginnig but it turned into a small-rent instead of big-rent day due to only one successful campaign.

Trade 16/20-15: DS = 1, SL = 24.6, REsult = - 24.6 Pips
Trade 17/20-15: DS = 1, SL = 15.7 + 24.5, Result = - 15.7 - 24.5 = - 40.2 Pips
Trade 18/20-15: DS = 1, SL = 17.1 + 23.4, Result = - 5.9 - 27.1 = - 33.2 Pips
Trade 19/20-15: DS = 1, SL = 18.3 + 19.3 + 16.2, Result = + 36.6 + 35.6 + 3.1 = + 75.3 Pips
Trade 20/20-15: DS = 1, SL = 11.8, Result = - 11.8 Pips
-------------------------------------------------------------------------------------------------------------
Today's result: - 34.5 Pips , DS = 5 / 5 , 2.00 hrs.


It seems a bit that the days of regularely repeating big, smooth moves with small-risk entries, which I used to trade until May, are preliminary over. I need to get used to trades with smaller R:R ratio and need to pay more attention to smaller risk entries. I have no problems at all, paying rents but if I don't even have a third or fourth attempt to catch a move before my daily SL gets hit, then I feel some sort of pressure.

[zlabis]

Tue. Jun 23, 2015

Screen time:
FO + LO-session 8:00 - 8:15 and 8:45 - 10:30 (GMT+2) M1 DAX only - LIVE
NYO + NEO-session 14:00 - 16:30 (GMT+2) M1 DAX only - LIVE

Today started without setup at beginning of FO session. At LO breakout was a bit easier than recently because boxes and therefore risks were smaller.
After only one failed attempt, I caught the following down-, up- and down-move rather nicely but left some Pips in the market because of on failed counter attempt. Then there was a series of failed long-campaigns which I closed according to my rules but which could have been closed earlier, at TZ1, as well. Anyway, I closed the morning session with a small profit.

As I was ready with all my office work for the day, I decided to trade NYO and NEO session as well and I hav to say, it was big fun. I managed to catch most of the waves and finished my afternoon session with some nice Pips.

Result LO: + 4.8 Pips, DS = 8/9
Result NYO: + 34.1 Pips, DS = 3/3
Result NEO: + 30.3 Pips, DS = 4/4
-----------------------------------------------------------------
Today's result: + 69.2 Pips, DS = 15/16, 3.00 hrs

[zlabis]

Wed. Jun 24, 2015

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

I'm a bit short in time so only a very quick journal entry today.

Had no time today to have a look at FO.
DAX presented itself a bit smoother with smaller risk entries than recently. I made some good entries and exits were also according to my rules for the first down- and up-move. Finally I caught that good down move right at the beginning below a series of counter fruits. Everything works out well as I was able to add on twice but unfortunately during the whole down-move there showed up 3 very good counter fruit signals as well. I started hedging by taking those counter fruits which ate away most of profits of that down campaign.

I ended up with a tiny +11.1 Pips day which is not much regarding the nice down-campaign. I'll focuse more on exits of running trades instead of permanent hedging.

Today's result: + 11.1 Pips, DS = 7 / 7, 1.00 hrs

[Tracker]

Nice Michael, wish I would have done the same thing on the 23rd!

Cheers,

Tracker

[zlabis]

Yes, Gregor, 23rd NYO&NEO was fun. I felt in tune with market although catching last good down move costed me something (3 failed attempts) to catch it. But that's the game recently, since breakouts are not that clear and strong at the moment.

;-)

[zlabis]

Thu. Jun 25, 2015

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

I am very busy at the moment so my journal entries are kept rather short these days.

Very mixed session. First part made me hit nearly daily SL, last campaign nearly compensated rents from before.

Today's result: - 10.9 Pips, DS = 7/7, 2.00 hrs

[zlabis]

Fri. Jun 26, 2015

Screen time:
LO-session 9:00 - 11:00 (GMT+2) M1 DAX only - LIVE
NYO-session 14:30 - 16:30 (GMT+2) M1 DAX only - LIVE

Today's LO session offered a nice up move which I didn't catch. Tried several counter entries which failed. Last 2 campaign gave nice profir which covered rents from beginnig of LO session.

As I had to wait for an appointment and I had my laptop with me, I traded NYO session as well where I had the opportunity to catch a lovely breakout.

All in all a more winning day than recently.

Today's result: + 58.8 Pips, DS = 8 / 8, 3.00 hrs

Result of week 26 - 22.06-26.06.2015 - M1 live:
Mon. 22.06. - 34.5 Pips, DS 5/5, 2.00 hrs, M1
Tue. 23.06. + 69.2 Pips, DS 15/16, 3.00 hrs, M1
Wed. 24.06. + 11.1 Pips, DS 7/7, 1.00 hrs, M1
Thu. 25.06. - 10.9 Pips, DS 7/7, 2.00 hrs, M1
Fri . 26.06. + 58.8 Pips, DS 8/8, 3.00 hrs, M1
---------------------------------------------------------------------
Result ...... + 93.7 Pips, DS 32/33 (96.9%), 11.00 hrs

[zlabis]

Mon. Jun 29, 2015

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

Back on the track of discipline with my journal ;-)

Today before I started at LO I was a bit concerned about failure of negotiations due to Greek's dept crisis. Those concernes proofed to be wrong and DAX offered us some very good and tradeable movement at LO session.

Trade 18/20-17:
I started with a classic breakout a few minutes before LO in direktion of the huge fall at FO. It dropped by 50 Pips but returned without giving me a clear exit signal. Because I move SL to entry level if move is about 1.5x or 2x as init SL, I exited with +/-0.

Trade 19/20-17:
A good but very big fruit in direction of FO fall. I decided to take it but with half position size. Same was true for add on. As there appeared a very good AA-Fruit at a perfect w1-2, I didn't hasitat exiting and SARing into Trade 20/20-17.

Trade 20/20-17:
Lovely AA-Fruit at bottom of w2 after a great w1-2. I didn't add on because level was too far away from init entry for me and I wanted to play it save because trading too aggressively didn't work out very well recently. I exited at a very good down fruit with more than +70 with a single entry trade.

Immy was not too happy with my satisfaction about the results of the day yet and argued that I should not be happy if I could have made much more. Although that entry gave opportunity to make at least twice as much profit, I'm still happy with it, even in hindsight, because I took a nice amount of money when market offered it.

Trade 1/20-17:
That was a very nice trade, IMHO. Entry with a tiny, lovely AA-Fruit at perfect level (according to EWave analysis) at the end of wave 4 into wave 5. I added on at next AIMS level and exited after a good counter fruit with great result.

Trade 18/20-17: DS = 1, SL = 15.0, Result = + 0.3 Pips
Trade 19/20-17: DS = 1, SL = 38.8 + 39.9, Result = + 12.2 + 9.9 = + 22.1 Pips
Trade 20/20-17: DS = 1, SL = 19.8, Result = + 72.6 Pips
Trade 1/20-18: DS = 1, SL = 9.7 + 20.0, Result = + 64.1 + 22.5 = + 86.6 Pips
------------------------------------------------------------------------------------------
Today's result: + 181.6 Pips, DS = 4 / 4, 1.50 hrs

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.

[Tracker]

Nice trades, Michael.

Cheers, Tracker