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Sharmas Journal
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Sharmas Journal

  #11 (permalink)
Elite Member
Auckland
 
Futures Experience: Advanced
Platform: Ninja Trader
Broker/Data: Zen-Fire
Favorite Futures: CL and ES
 
Posts: 710 since Apr 2010
Thanks: 3,717 given, 661 received

Trading Plan

Some thoughts on my trading plan and my daily affirmations.

A DISCIPLINED TRADER WILL BE MORE SUCCESSFUL WITH A FAULTY TRADING PLAN THAN AN UNDISCIPLINED TRADER WITH A PERFECT TRADING PLAN
And the beauty of trading ‘IN THE ZONE’ is that these positive pleasurable feelings create such a wealth of healthy psychology that my subsequent trades become even more profitable and successful! And if I do experience a loss, I am cool, I don't react, i don't experience fear or doubt or anger and I just go on to my next trade unaffected. Well, that's trading ‘IN THE ZONE’....and it's a great experience, as I well know if I’ve been lucky enough to achieve it, even for just a short time. Trading is the greatest game in the world…and having a positive winning mindset is 80% of success. Keep my emotions cool, stay in control of my emotions, and I’ll be on top of the game always. “OWN THE ZONE”. I am a Samurai Warrior and I am a winner and on my way to Financial Freedom!



sharmas

The following 2 users say Thank You to sharmas for this post:
 
  #12 (permalink)
Elite Member
Auckland
 
Futures Experience: Advanced
Platform: Ninja Trader
Broker/Data: Zen-Fire
Favorite Futures: CL and ES
 
Posts: 710 since Apr 2010
Thanks: 3,717 given, 661 received

Trading Plan

Maintain Daily Trading Journal

List and detail trades taken; and detail trades skipped/missed that were in my Trading Plan.
Keep snapshots of charts that show signals taken/missed.
Detail my emotions throughout the trade.


Be honest in my journal about wanting to exit early; getting panicky when price goes against me; avoiding a trade because of fear; all the emotions that I’m feeling even if I don’t act on them.
Review my charts and my Journal weekly away from the emotions of the live markets


MENTAL PREPARATION
If internal/external influences distract my trading I will not trade or I will trade in simulation until confident the distractions have been eliminated.
Train myself to think in terms of Long Term Probabilities and NOT short term results.

The Fundamental Truths (Mark Douglas – Trading in the Zone)
Anything can happen.
You don’t need to know what is going to happen next in order to make money.
There is a random distribution between wins and losses for any given set of variables that define an edge.
An edge is nothing more than an indication of a higher probability of one thing happening over another.
Every moment in the market is unique.

I am a consistent Winner because:
I objectively identify my edges.
I predefine the risk of every trade.
I completely accept the risk or I am willing to let go of the trade.
I act on my edges without reservation or hesitation.
I pay myself as the market makes money available to me.
I continually monitor my susceptibility for making errors.
I understand the absolute necessity of these principles of consistent success and, therefore, I never violate them.


I alone will be responsible for the results of my trading.




The following 4 users say Thank You to sharmas for this post:
 
  #13 (permalink)
Elite Member
Auckland
 
Futures Experience: Advanced
Platform: Ninja Trader
Broker/Data: Zen-Fire
Favorite Futures: CL and ES
 
Posts: 710 since Apr 2010
Thanks: 3,717 given, 661 received

6EChart


Beautiful Shorts


Acme Indicators make life so much easier and still working on my entries and target level


Any suggestions and thoughts will be greatly appreciated.


sharmas

Attached Thumbnails
Sharmas Journal-6e-03-12-7_03_2012.png  
 
  #14 (permalink)
Elite Member
Auckland
 
Futures Experience: Advanced
Platform: Ninja Trader
Broker/Data: Zen-Fire
Favorite Futures: CL and ES
 
Posts: 710 since Apr 2010
Thanks: 3,717 given, 661 received

YM Chart

Again nice trend and easy to see the areas of opportunities.


sharmas

Attached Thumbnails
Sharmas Journal-ym-03-12-7_03_2012.jpg  
 
  #15 (permalink)
Membership Temporarily Revoked
toronto,ontaio
 
Futures Experience: Beginner
Platform: Ninja
Broker/Data: AMP
Favorite Futures: TF
 
bugsbunny's Avatar
 
Posts: 973 since May 2010
Thanks: 1,108 given, 459 received

Congrats on your new Journal venture..
Wish you Best of Luck...

Bugs

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  #16 (permalink)
Elite Member
New Zealand
 
Futures Experience: Intermediate
Platform: Ninjatrader
Broker/Data: Mirus/Zenfire
Favorite Futures: Currencies, YM, CL
 
Posts: 62 since Nov 2010
Thanks: 264 given, 31 received


sharmas View Post
Again nice trend and easy to see the areas of opportunities.


sharmas


Hi Sharmas

These charts look great but I was wondering if your were able to talk more about the indies, what they are, how you use them and why you took the trade - this would be helpful. Thanks

The following 2 users say Thank You to Trader12A for this post:
 
  #17 (permalink)
Elite Member
Auckland
 
Futures Experience: Advanced
Platform: Ninja Trader
Broker/Data: Zen-Fire
Favorite Futures: CL and ES
 
Posts: 710 since Apr 2010
Thanks: 3,717 given, 661 received

Entry and Target

Team

I am working on my numbers and potential entries.

I will hopefully in next day or two show more details around my entries.

And talk about my thought patterns as to why i took what i took.

Watch the space.

And any feedback or suggestion is welcomed with both arms as together we will learn and get better with making some greens or on consistent basis.

sharmas

The following user says Thank You to sharmas for this post:
 
  #18 (permalink)
Elite Member
Auckland
 
Futures Experience: Advanced
Platform: Ninja Trader
Broker/Data: Zen-Fire
Favorite Futures: CL and ES
 
Posts: 710 since Apr 2010
Thanks: 3,717 given, 661 received

6E Entry

Here is my thought pattern for my 6E trade



sharmas

Attached Thumbnails
Sharmas Journal-6e-03-12-7_03_2012.png  
The following 2 users say Thank You to sharmas for this post:
 
  #19 (permalink)
Elite Member
Auckland
 
Futures Experience: Advanced
Platform: Ninja Trader
Broker/Data: Zen-Fire
Favorite Futures: CL and ES
 
Posts: 710 since Apr 2010
Thanks: 3,717 given, 661 received

6E Chart for today

Team

Just want to share 6E Chart for today and will be doing my planning towards opportunities to take few trades tonight


sharmas

Attached Thumbnails
Sharmas Journal-6e-03-12-8_03_2012.png  
 
  #20 (permalink)
Elite Member
Auckland
 
Futures Experience: Advanced
Platform: Ninja Trader
Broker/Data: Zen-Fire
Favorite Futures: CL and ES
 
Posts: 710 since Apr 2010
Thanks: 3,717 given, 661 received

Key Areas-6E


team

some key areas for 6E


sharmas

Attached Thumbnails
Sharmas Journal-6e-03-12-8-tick-8_03_2012.png  

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