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FESX Trading Journal Using GOM Indicators
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FESX Trading Journal Using GOM Indicators

  #41 (permalink)
MATrader
Prague Czech Republic
 
Futures Experience: Beginner
Platform: S5 Trader, Jigsaw, SeasonAlgo, Sierra Chart
Broker/Data: IB/OEC
Favorite Futures: Eurex Futures
 
hadamkov's Avatar
 
Posts: 489 since Nov 2011
Thanks: 859 given, 391 received

Pre-market analysis for March 28

My preparation for today.
I wonder if what the delta was doing yesterday was showing how buyers were buying bids below the LTF VAL.

Attached Thumbnails
FESX Trading Journal Using GOM Indicators-pre_market_for_28032012.png  
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  #42 (permalink)
MATrader
Prague Czech Republic
 
Futures Experience: Beginner
Platform: S5 Trader, Jigsaw, SeasonAlgo, Sierra Chart
Broker/Data: IB/OEC
Favorite Futures: Eurex Futures
 
hadamkov's Avatar
 
Posts: 489 since Nov 2011
Thanks: 859 given, 391 received

Paper trade for March 28th

Posting early, feeling a bit disappointed.

Trade #1
After I overcome my fear that prevented me to enter on the first signal I entered on the second.
After my first target was hit I moved SL to BE+1. Then managed the second contract but the second target was finally also hit.
Result 8+16=24 (RRR 1:2 and 1:6, overall 1:3)

LESSONS LEARNED:
I realized that every day before the first trade I feel fear. Fear of not being right. Today it prevented me from getting in on the first signal but also allowed me to realize it, fight it, get calm and enter on the second signal.
I am disappointed with the hit of my second target. I was too slow (thinking too much, feeling fear again after a small heat) to move it. I managed to move it only once. At this moment, the market is still rising and I do not see any signs of reversal yet.
I am looking forward to times when the mouse clicks will be so automated that I will not have to feel regret .

An afterthough three hours later:
The reversal pattern showed a minute after I finished my post.

Attached Thumbnails
FESX Trading Journal Using GOM Indicators-20120328.png  

Last edited by hadamkov; March 28th, 2012 at 04:15 PM.
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  #43 (permalink)
MATrader
Prague Czech Republic
 
Futures Experience: Beginner
Platform: S5 Trader, Jigsaw, SeasonAlgo, Sierra Chart
Broker/Data: IB/OEC
Favorite Futures: Eurex Futures
 
hadamkov's Avatar
 
Posts: 489 since Nov 2011
Thanks: 859 given, 391 received

Pre-market analysis for March 29


My preparation for tomorrow.
Report at 8:55.

Supports at:
2389 (major)
2397
2409 (LTF VWAP)

Resistance at:
2433
2446

S may become R and vice versa.

Attached Thumbnails
FESX Trading Journal Using GOM Indicators-pre_market_for_29032012.png  
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  #44 (permalink)
Site Administrator
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Posts: 46,238 since Jun 2009
Thanks: 29,350 given, 83,214 received

Stick with it!

What are the three biggest improvements with yourself or your trading since you started the journal?

What are the three biggest problem areas with yourself or your trading you want to continue focusing on, made clear since the start of this journal?

Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
6)
Help using the forum? Watch this video to learn general tips on using the site.

If you want
to support our community, become an Elite Member.

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  #45 (permalink)
MATrader
Prague Czech Republic
 
Futures Experience: Beginner
Platform: S5 Trader, Jigsaw, SeasonAlgo, Sierra Chart
Broker/Data: IB/OEC
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hadamkov's Avatar
 
Posts: 489 since Nov 2011
Thanks: 859 given, 391 received

Thanks Big Mike


Big Mike View Post
Stick with it!

What are the three biggest improvements with yourself or your trading since you started the journal?

What are the three biggest problem areas with yourself or your trading you want to continue focusing on, made clear since the start of this journal?

Mike

Thanks a lot for encouragement... Saw your post yesterday but did not want to reply immediately but rather give it some thinking

THREE BIGGEST IMPROVEMENTS:
They might seem "small" but for me they are big. I have been studying trading for more than four years (various, mostly pleasant family reasons prevented me from starting "real" trading earlier) but now I can clearly see that I am at the very beginning even though I thought I knew a lot about the markets.

1. Starting the journal. That is probably the biggest improvement since I procrastinated a lot.
2. Technically, I am getting acustomed to working with my platform and setups.
3. Psychologically, despite that I still struggle, after reading so many books on psychology of trading and human beings, I can see exactly what mistakes I do, what is their most probable reason and I can work around them.
(Can I add more?
4. My SLs are very well placed. Their hitting really invalidates my original assumption for the current market direction.
5. It seems that I am able to work around various fears. Needs to work with that more.)

THREE BIGGEST PROBLEMS:
1. I need to properly define my entries. I am a discretionary trader, I cannot trade mechanically since I NEED TO HAVE ROOM TO MAKE DECISIONS AND BE IN CONTROL OF AT LEAST THEM WHEN I CANNOT BE IN CONTROL OF THE MARKET. That is me, my personality. Despite of that, I need to have my setups defined a bit more in details (I have added an intermarket analysis filter since starting the journal, it seems to fit perfectly with my system, however it needs a bit of backtesting so that I know how exactly it fits). Planned for April - have already made arrangements so that I am able to concentrate on it.
2. Psychologically - I need to refine my morning checklist and give it a proper shape. Refinement planned for April together with point 1. I think I have started to work around my fear of the first trade of the day. I must apply the same technique to all other psychological issues (being blinded by loss to the extent that I do not see the reversal setup, fear of another loss after a loosing trade).
3. Again psychologically I need to learn how to be "neutral" and not too attached to either short or long side, i.e. I need to work around my need to be right , I need to set this need off by having control of my entries, exits, risk and position sizing.

All in all, the major aspects I need to concentrate on are of psychological nature. No news here.
Thanks once again.

Also, thanks to you and your "questions" I refined my trading plan and added such summary into the weekly overview of my trading.


Last edited by hadamkov; March 29th, 2012 at 06:00 PM.
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  #46 (permalink)
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Platform: S5 Trader, Jigsaw, SeasonAlgo, Sierra Chart
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Posts: 489 since Nov 2011
Thanks: 859 given, 391 received

Paper trade for March 29th

I am not satisfied with my trading today.

Trade #1
I entered the trade because of fear of missing out. No S/R to really support it, on the contrary, I would even say that the RRR was really small with respect to my planned S/R zones. I knew it from the very beginning but "hoped and prayed" .
Result: -8 ticks

After that trade I was afraid to enter on the next signal.

Trade #2
Entered during the noon chop because I could see the market was moving but I thought it was my major support from the plan for today and it was not! I moved the SL quickly to BE.

Total result: -8 ticks

LESSONS LEARNED:
Today I traded in a disturbing environment. Our son is sick and stayed at home with me. He kept on asking for stuff. Also we had a service man here working so I could not talk through my trading aloud.
I am unable to see whether those are just excuses or not but I think that the situation influenced my concentration.

I am getting more and more aware of the fact that my SLs are hit "correctly", i.e. that I place them at spots that really invalidate my original assumption about the market direction. This is something that I am really proud of and since the rules for placing them are simple, I will stick to them.

Thanks for following me.

Attached Thumbnails
FESX Trading Journal Using GOM Indicators-20120329.png  

Last edited by hadamkov; March 29th, 2012 at 12:24 PM.
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  #47 (permalink)
MATrader
Prague Czech Republic
 
Futures Experience: Beginner
Platform: S5 Trader, Jigsaw, SeasonAlgo, Sierra Chart
Broker/Data: IB/OEC
Favorite Futures: Eurex Futures
 
hadamkov's Avatar
 
Posts: 489 since Nov 2011
Thanks: 859 given, 391 received

Pre-market analysis for March 30

My preparation for tomorrow. The market now reached important support.

Supports at:
2373
2363 (?)
2349

Resistance at:
2397
2411

Attached Thumbnails
FESX Trading Journal Using GOM Indicators-pre_market_for_30032012.png  
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  #48 (permalink)
MATrader
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Futures Experience: Beginner
Platform: S5 Trader, Jigsaw, SeasonAlgo, Sierra Chart
Broker/Data: IB/OEC
Favorite Futures: Eurex Futures
 
hadamkov's Avatar
 
Posts: 489 since Nov 2011
Thanks: 859 given, 391 received

No trading today

Stressed out.
All kids with me, sick.
A deadline for job missed, though the client is kind enough to understand...
Working as hell.

Hope for financial freedom (defined by Van Tharp) some day. Try not to have unrealistic expectations (like, next month ).

Have a good Friday.

TGIF

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  #49 (permalink)
Site Administrator
Manta, Ecuador
 
Futures Experience: Advanced
Platform: My own custom solution
Favorite Futures: E-mini ES S&P 500
 
Big Mike's Avatar
 
Posts: 46,238 since Jun 2009
Thanks: 29,350 given, 83,214 received

Feel better soon.



Try to enjoy your weekend!



Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
6)
Help using the forum? Watch this video to learn general tips on using the site.

If you want
to support our community, become an Elite Member.

Reply With Quote
The following user says Thank You to Big Mike for this post:
 
  #50 (permalink)
MATrader
Prague Czech Republic
 
Futures Experience: Beginner
Platform: S5 Trader, Jigsaw, SeasonAlgo, Sierra Chart
Broker/Data: IB/OEC
Favorite Futures: Eurex Futures
 
hadamkov's Avatar
 
Posts: 489 since Nov 2011
Thanks: 859 given, 391 received

Completely off-topic


Feeling better.
In the attachment - the result of today's non-trading with all the kids around...

The pride of all ladies of Moravian origin (one of the regions of the Czech Republic), the so called double-filled "kolacky".

A cup of coffee, latte macchiato, capuccino or just tea?

.

Enjoy your weekend.

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FESX Trading Journal Using GOM Indicators-kolace.jpg  
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