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-- Big Mike, Site Administrator
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hi
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i also got a mixed bag yesterday but it was interesting in general.
i made a lot of mistakes which i do nearly everytime i am trading like not sticking to my rules and structure, no being concentrated, being to fast with adjusting SL to breakeven or trailing SL in general.
i got away with a very little profit but i could have made much more if i would have just sticked to my rules.
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after reviewing my charts before the market opend i definded "short" as the major direction. i waited for an entry - got short - trade went in my diretion - i moved SL to break even - market bounced back - got me out - market continued in my direction. then the market bounced a little at the midband area and i still had short in my mind but for some stupid reason i went long (grrrssharghhaaagh). of course i got stopped out. i then made some trades which all basically ended up in the usual scenario - getting stopped out with little profits or little loses but everything just because i was not trading what i was seeing instead i switched my psychotradingmode on and decided out of the guts about my trades.
as i slapped myself on the head i got back into my structure and i finally made a good trade which put me into the green again. after that i was done as i had other stuff to do.
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but looking back all this would not have happend if i just stick to my rules. they are still not part of myself.
i mean how hard can it be to be on days like yesterday proftible?! it was really clear to me that we are going down. i called it. the first hour - at least - i was right but still i went against myself...!? why am i doing this? sometimes my brain just switches into zombiemode or something like that. i have no idea.
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i also made a video of yesterday but unfortunatly my headset is broke so there is no sound. i will post it as soon as i am home.
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i hope i will get to trading today but i am not sure as i gotta work today and i dont know if i can make it by time....
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wild wishes
ok...
it seems like i am locked in a prision of typical behaviour...
scientists could do a in-field study watching me trading... i am a living and good example for history repeating itself.
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today i was - as often - looking for shorts. thats what i did. i knew it just simply by looking at the bigger timeframes. the picture made sense. no big deal. but then i focused so much on getting in on the spot that i totally lost my macd and so i went in on two trades which have not been valid at all. plus the fib area was also not correct. then short again from the 38. which was the area but i was too early or to late - it depends on how you look at it - so a little pop took me out. but macd on 440 tick showed that we go down so i went in again but then i touched the SL with my mouse and for some stupid reason i accidently moved it just a milimeter towards priceaction and a small pop took me out with like 3 ticks or something. *smackme*.
then i went short again. got a good entrie point and the market moved down.
now guess what i have been doing now. i moved my SL to break even. of course the market pulled back and triggered my SL. But i knew we go down further more so i immediatly went in again and finally enjoyed a nice run down. i trailed my SL and gained a little profit for today. i tried another short which got closed BE+1. altough i knew that more down is going to come i call it the day.
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i got mixed feelings... the vision was great, the execution pretty lame...
but my feelings are getting better...
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have a good day everyone!
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wild wishes
milton
a good start in a new week....
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i was looking for shorts today...
i made two gifts and one time got taken out BE.
then i got on a run down for 1.4 points which made up for my gifts and then after a BE SL i got on a nice run down for 2,8 points.
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i made a video of today but unfortunatly i dont have a new headset so there is no sound in the video.
i will buy a new one soon.
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have a good day!
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wild wishes
hello...
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long story short...
yesterday was terrible... i lost 4.5 points trading the tf...
for some reason i could not see a clear picture and i totally felt lost in the market... i did not even have a single clue what the market could go... it went up but for some reason i had down in my mind and so i was totally wrong and the worst thing was i tried to go short for quiet some time. i havent made a video because i was also busy and really pissed off for not sticking to my rules and not being patient. i also tried to trade bigger timeframes and had wider stops.
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today was really good.
i had a day off today so i traded the FDAX around lunch time and got on a really nice short. i made around 40 points in the dax. then i traded the TF and made 3.3 points... really happy today... i was calm, relaxed and waited till a was clear...
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it could be that i will not be trading for some time, as xmas is coming up and i will have a lot of stuff to do in january but i try my best not to stay away to long.
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have a good christmas time and a happy new year!
enjoy your days with family and friends!
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all the best and wild wishes
milton
P.S.: argh... youtube just deleted my video as i got to long... i will later try to reupload and make it a lil shorter... plz come by later !
Yes, it takes about 15 vid's to get over 15 minutes...
You are getting there soon without worries. I want to see that vid...
I used to play around with FDAX (took only 1 live trade) and boy can that boy move... 40 points is a lot, but I am guessing that is 80 ticks right, or what I would call 8 points.
FDAX does make nice moves indeed... its around 40 points... 35 with two contracts and 41 one with my third contract... a tick is the smallest increment a market can move or is measured... the tf moves in 0,10 steps, as you know... the fdax moves in 0,5 steps... so one tick in fdax is 0,5 points with 12,5 € each tick... you are right, its like 80 ticks but it still is 40 points...
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anyway here is the video... still with no sound and this time without fancy intro... unfortunatly i was a little late with recording the fdax session as i wasnt really planning on doing a video but still you can see the run that i have taken...
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btw: thx for reading my journal on a regular basis...
Great work! I once traded the FDAX where it went up so much without a retrace that I decided I would never counter-trend trade it again. I was sim trading and it went up for like 200 straight points or something crazy like that and I just couldn't believe it. Of course I shorted the whole way while it plowed right through me...
