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self coach trading
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self coach trading

  #221 (permalink)
Elite Member
madrid spain
 
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alejo's Avatar
 
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mistake in today prep

it was OAIR instead OAOR

the hyp 1 was the correct with the dif 94/96 101/100

i think first was the hyp3 changing the suppor4074 instead of4059, i use this i went long in a little pullback, w+24

later change hyp1 , try to fade 4100, fail 96 and 97 with 8 t sl

it is dificault to manage online the roadmap
but it better than nothing

La lucha es de igual a igual contra uno mismo
The fight is fair against oneself
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  #222 (permalink)
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prep 5sept

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levels
4100-4092-4084-4061-4055-4049-4044-4036-4030-4019-4014-3997-3979-3954

La lucha es de igual a igual contra uno mismo
The fight is fair against oneself
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  #223 (permalink)
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what can i do with the prep , the cointoss beat me and task for next week


almost nothing
this is the unfolded day at miday (later continue up and up)
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the hypo3 was the correct, but at first , i think was the hyp4, then i wait the pullback mid vwap, both failed
,then i say, oh, was the other, hyp3, but i am late, i chase thinking a b/o but , it comes all the way down, to the db
i try to buy the bounce, it was stopped with my tiny stop, and then, when i realized, that all my effort was unsuccessful, i say , ok, and i starting throwing darts, as a crazy, and the performance was a lot worse than random entries, i overtrade a lot.
this is not working, and of course with my behavior i get to confirm that is not working
the cointoss get better result than me
what can i do? i think 20loser 1 winner, maybe i can try 8target and 24 sloss....and go for win%rate
only trade max3 per day, as limitation of the only 3 chances to try my hypos.

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why i have starting to overtrade?
when i failed the 3 first trades, i think, how is possible?
(also when i compared, the cointoss doing some winners...
some trade i will get lucky...and start chasing, i know that is not good.
is like i get down the arms, and say, well, there s nothing to do.

with the 3 trades rule, unless i can stop a losing strikes
3 trades
1 winner , next
1 loser next
1 win+1 loser , one more and stop
2 loser stop
2 winner stop

also i can test
24 stop loss 8 target
today i have 95.2% of losing trades
with risk:reword 24:8
i need more than 67% winner with thios theory
but is go back to the scalp world

other possibility to continuying with 1:3 is to try 24 s loss and 72 target
but if i have bad readings of the markets, only increase the size of the losses
(but 3 trades with 8 sloss=1 trade 24), what is better?

the prep and read the context i think is usefull

i would like to be prepared to enter a nice location, as today , 52/56 area, enter and hold to all way up.
is possible?how?

anothers ideas, are
test others products,
test others strategies

what is my strategy today,?comes from ft71 lesson

read context based on vol profile
find key levels
wait to reach to that levels
read price action to decide can happen what expected
enter with define risk

and here is the think where i do not like it, he scale out, and scalp
(i will analyse the results of cointoss to compare aiao /so)

and i would like to go scale in and bigger targets

the @mfbreakout comment, stop loss 1atr+150tick in cl?
if he has 300 tick stop, his target is 600?900? or the target is less the stop. i will ask him

La lucha es de igual a igual contra uno mismo
The fight is fair against oneself

Last edited by alejo; September 6th, 2014 at 09:17 AM. Reason: to complete post
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  #224 (permalink)
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test risk reward 3:1 and cointoss2 vs me

well, i was defetead in the first round

and now i want to try these ratios
3:1 , yes risk 3 reward 1, maybe sound crazy, but , if i take in consideration the distance of the stop, maybe is not so crazy
little stops is a criminal proposal
and after the 20losers/21 with stop 8 and target 24, i go to invert that
to reach 8 tick ,it looks easy if i do not enter against OTF
and 24 ,it needs some times to reach there, i will be wrong without any doubt i think
it is almost a scalp strategy without stop loss, only an emergency sl, or something similar
also i run a random test ,coin toss in nt
and in s5 with ta analyzer i execute my trades
i continue doing my preps influenced by ft71, try to read context, wait key levels and execute the trade
with this r:r i have no room for too much mistakes
it is better to wait a direction confirmation and enter in a pullback , or in a range environment

also take accountability with both combis to put more limits on the results, if break the limits stop

in the other hand, i think, what i am doing?
if i want to learn to go out of the scalp
maybe 120/360, ?

we ll see

La lucha es de igual a igual contra uno mismo
The fight is fair against oneself
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  #225 (permalink)
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Hello alejo,

I've been following your posts for over a year now. I don't know if you think you are struggling or if you are ok with trying new methods and ideas over and over again.

In case you do feel lost:
I don't want to give you any advise to prevent additional confusion. But please do yourself a favour and stop experimenting and focus on one method you do understand. I'm sure that by now you've accumulated enough knowledge. There must be something you believe in about markets. Really give yourself a chance and prove if that works or it doesn't. It will take time. You may need to make some adjustments down the road, but if your views are based on solid principles you should be able to find a way out just by analysing your own performance. Sometimes your mistakes can be a source of future opportunities.

You need to realise that there is a chance you would have turned the corner by now if you didn't jump from one method to another.

I think this is the single most important decision you need to make. If you don't, you don't stand a chance.

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  #226 (permalink)
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alejo View Post
well, i was defetead in the first round

and now i want to try these ratios
3:1 , yes risk 3 reward 1, maybe sound crazy, but , if i take in consideration the distance of the stop, maybe is not so crazy
little stops is a criminal proposal
and after the 20losers/21 with stop 8 and target 24, i go to invert that
to reach 8 tick ,it looks easy if i do not enter against OTF
and 24 ,it needs some times to reach there, i will be wrong without any doubt i think
it is almost a scalp strategy without stop loss, only an emergency sl, or something similar
also i run a random test ,coin toss in nt
and in s5 with ta analyzer i execute my trades
i continue doing my preps influenced by ft71, try to read context, wait key levels and execute the trade
with this r:r i have no room for too much mistakes
it is better to wait a direction confirmation and enter in a pullback , or in a range environment

also take accountability with both combis to put more limits on the results, if break the limits stop

in the other hand, i think, what i am doing?
if i want to learn to go out of the scalp
maybe 120/360, ?

we ll see

all of that sounds pretty scattered and confusing (confused?) to me...
Don't know how you do it but I couldn't achieve sh** if I didn't focus on one thing relentlessly.
I know that cause I tried & switched and mixed and tried and all that at the same time...

I hope you find your "tarding refuge" - the system that you understand and trust that it can make you money - soon. I found mine, now I need to learn living there day in day out.

All the best

ST

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  #227 (permalink)
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Hi alejo,

Sorry to say this to you but I feel that I have to do this, all I have seen here is the typical behavior of the failed trader.
I have helped you in the past by giving you a complete course for free (I had to pay for it by my self!) but after 1 day I already new the outcome from it. It took me about 1 month to study all of the material that I gave to you and you did all that studies in about 2 days. Then you have to sim trade it for at least another 3 months, backtest it, etc...
What you are looking for is a magical button that you can press on and be profitable for the rest of your life. Stop looking because that does not exist.

Typical errors:
- Jumping from one stragety to another
- Trading without stop loss
- to Low Risk reward ratios
- Looking for the holy grail

What you have to do:
- Forget about trading until you understand the chart
- Look at High Time Frame and find support and resistance levels

When you can find those support and resistance levels:
- look at setups at those areas
- make your own trading strategy!

If you cannot do that then just forget about trading and go on.

l

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  #228 (permalink)
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prep for 8sep

this is the main idea for today

today i start the test of
8target
24stop
1 with my entries and
2 random cointoss

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La lucha es de igual a igual contra uno mismo
The fight is fair against oneself
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  #229 (permalink)
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prep for sep9

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La lucha es de igual a igual contra uno mismo
The fight is fair against oneself
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  #230 (permalink)
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what happened to trading zb / zn?

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