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Catching Big Waves - a trader's journal of surfing the the markets
Shit happens, old friend. Don't sweat too much about it. Maybe once in a while watch DX on 30M or higher charts (480M), both below - you will be pleasantly surprised at the confluence of risk on risk off in other markets.
Can you help answer these questions from other members on NexusFi?
Personal challenge, not high rated. I do not plan to allow the stop to hit either. But, if it is going to run on mid-time techincals, this is the range for expected profit taking.
I scalped in and out, anticipating a possible support at the yellow zone, but really everything else screamed the blue zone (thus, I colored it blue).
I am up net 65 now, may close this one. I took it somewhat on a dare to myself, somewhat on ego, somewhat on memories of fear on past trades, memories of how many zones have held in the past. This one trade will not define anything.
I did not close from the anaylsis, or the RR, or that I think it is done. I did challenge myself to buy support, this was not just a line, it was considerable confluence. I closed because I was in the wrong space in my head.
Net +85 for today. 61.11% wins, 2.13 PF. Not great trading today.
I was distracted this morning by a lot of calls, as is normal in the 9am-11am window, and should have done far better. I started confident, moved to humbled, then to scared, then to confident again, then to bold. Bold is not good. But I felt a frustration with myself from things in my past, and decided today I would trade my zone, just because. That was better than not trading it, but still not the correct approach. I fight myself sometimes picking tops and bottoms, as I am not supposed to do that. 6 months to a year ago had a top that was dead on, and got upset that I shorted it, even though it made money, and then came back later to say I was actually ok with picking that top.
Today I had the support, and felt it was the same thing only long this time. And maybe it was. But something in the tiny details of my mind was off in today's decision that was not there in the one months back. Being upset for not doing it more often. So I bailed.
I have watched DX, but now only 6E since it is a trade candidate, where DX is way too light for my taste.
I am feeling good, just had a rough week out of town and not in my zone completely. When I start to realize how many things affect a trading mindset, it makes sense to lock the doors, turn off the phone, do some meditation... This whole thing on the screen is nothing, we trade inside ourselves and it is a tough thing to watch. Where are the indicators??
