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The 22 Days: A Price Action Trader shares his Journey


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The 22 Days: A Price Action Trader shares his Journey

  #131 (permalink)
 
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 iqgod 
Mumbai, India
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From my diary on 2nd April 2014:

A breakout short.

Hesitancy even when the range broke in a clear fashion (else would have been in 2-3 ticks earlier instead of 60).

Did not hold for 10-ticks, exited at 55 @ 5-ticks.

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  #132 (permalink)
 
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 iqgod 
Mumbai, India
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From my diary 14 April 2014:

Took the trade as an IRB long from the bottom of a range after a nice double bottom had formed.

However, moved my stop and ruined the opportunity to exit at a tiny 3-tick loss after the double bottom had been invalidated - instead took a 10-tick max stopout on the chin.

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  #133 (permalink)
 
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 iqgod 
Mumbai, India
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Shorted by intuition, followed by healthy skepticism of no-setup entry, hence exited (correctly, after the mistake of no-setup entry - this is the only good thing).

Was slightly profitable by mere chance (had a method, had the target as that double bottom, but is not Bob Volman method).

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  #134 (permalink)
 
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 iqgod 
Mumbai, India
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I was happy enough to stop trading with a small profit when volatility exploded.

Could probably have managed to stay cool, but don't go by my word.

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  #135 (permalink)
 
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 iqgod 
Mumbai, India
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Thanks Received: 3,097





From my diary on 5th May 2014 (in a TST combine, rolled over for third time)

First entry was great but I was timid.

Second (re) entry was good. Exit was good.

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  #136 (permalink)
 
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 iqgod 
Mumbai, India
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My stop was above the whole mish-mash of price action so I was 'safe' but does not reflect good on me for waiting so long with a losing position.

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  #137 (permalink)
 
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 iqgod 
Mumbai, India
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From my diary, 21 Apr 2014


Missed (did not take, chickened out on...) this perfectly valid setup (IRB long).

Don't do it again please, iq.

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  #138 (permalink)
 
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 iqgod 
Mumbai, India
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From my diary, 8th May 2014:

Here is how I took the trade since I got a great setup, allowed it to ride and reach the target.

But when I came back it seems that my covering was at the extreme end of this trend!

Crazy life.

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  #139 (permalink)
 
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 iqgod 
Mumbai, India
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From my diary, 11 March 2014:

A nice range break short which eventually reached its target.

Here is how it looked when I jumped in.

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  #140 (permalink)
 
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 iqgod 
Mumbai, India
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Experience: Advanced
Platform: ChartNexus
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Posts: 1,802 since Feb 2012
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Thanks Received: 3,097




From my diary, 31 March 2014.

This was a good IRB short.

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Last Updated on May 13, 2014


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