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Turning Point
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Turning Point

  #31 (permalink)
Error-prone
Bundeburg
 
Futures Experience: Intermediate
Platform: Sierra Chart
Favorite Futures: Fx
 
Posts: 76 since Mar 2012
Thanks: 24 given, 42 received

A bad week for lessons:
One at -17, one at -19. Neither were valid. I'm putting too much pressure on to find a trade so I'm going to try to balance it back a little.

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  #32 (permalink)
Error-prone
Bundeburg
 
Futures Experience: Intermediate
Platform: Sierra Chart
Favorite Futures: Fx
 
Posts: 76 since Mar 2012
Thanks: 24 given, 42 received

Two days with no trades.

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  #33 (permalink)
Error-prone
Bundeburg
 
Futures Experience: Intermediate
Platform: Sierra Chart
Favorite Futures: Fx
 
Posts: 76 since Mar 2012
Thanks: 24 given, 42 received


One trade. -18. Useful because, although not in error, it illustrated a flaw in one of my rules which I have corrected.

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  #34 (permalink)
Error-prone
Bundeburg
 
Futures Experience: Intermediate
Platform: Sierra Chart
Favorite Futures: Fx
 
Posts: 76 since Mar 2012
Thanks: 24 given, 42 received

No trades.

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  #35 (permalink)
Error-prone
Bundeburg
 
Futures Experience: Intermediate
Platform: Sierra Chart
Favorite Futures: Fx
 
Posts: 76 since Mar 2012
Thanks: 24 given, 42 received

And back I am.

Since I stopped journalling I have increased my size, pretty much eliminated my active errors and remain with two main issues. First I am still not taking a high enough proportion of valid set-ups and second I still exit early.

However, I should be very happy that I no longer:
- take trades when there isn't a qualified set-up
- take revenge trades
- take boredom or distraction trades
- hold a position when my rules say I should have exited.

So thats good. And also I have increased size and after some problems am essentially where I was with smaller size - well maybe I sweat a little more when the market is teasing and tormenting me rather than heading straight for my target.

Today:
1 trade. risk 15. mae 13. mfe 27. profit 15. 100% to the rules although discretion could have improved the entry.

I would like to have taken 2 or 3 trades although they were a bit hard to spot in real time today.

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  #36 (permalink)
Error-prone
Bundeburg
 
Futures Experience: Intermediate
Platform: Sierra Chart
Favorite Futures: Fx
 
Posts: 76 since Mar 2012
Thanks: 24 given, 42 received

A day with no trades. Frustrating at the time but in review the reason was that there were "no trades."

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  #37 (permalink)
Error-prone
Bundeburg
 
Futures Experience: Intermediate
Platform: Sierra Chart
Favorite Futures: Fx
 
Posts: 76 since Mar 2012
Thanks: 24 given, 42 received

Today:
1 trade. risk 11. mae 2. mfe 11. profit 5.
2 trade. risk 15. mae 0. mfe 11. profit 8.

Both pretty close to fully qualified. Pleased there were two.

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  #38 (permalink)
Error-prone
Bundeburg
 
Futures Experience: Intermediate
Platform: Sierra Chart
Favorite Futures: Fx
 
Posts: 76 since Mar 2012
Thanks: 24 given, 42 received

Today:
1 trade. risk 10. mae 2. mfe 3. profit 3. entered. felt it was behaving incorrectly. exited (then it really went !)
2 trade. risk 8. mae 8. mfe 8. profit -8. this one was a mistake. thought trend was reversing.

In the second trade I was frustrated about missing out a big swing on trade 1. So I was looking too hard and shorted a non-top. Putting pressure on myself to up the rate. But have to balance against fully qualifying every trade.

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  #39 (permalink)
Error-prone
Bundeburg
 
Futures Experience: Intermediate
Platform: Sierra Chart
Favorite Futures: Fx
 
Posts: 76 since Mar 2012
Thanks: 24 given, 42 received

Today:
1 trade. risk 14. mae 12. mfe 29. profit 27. good on all criteria.

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  #40 (permalink)
Error-prone
Bundeburg
 
Futures Experience: Intermediate
Platform: Sierra Chart
Favorite Futures: Fx
 
Posts: 76 since Mar 2012
Thanks: 24 given, 42 received


1 trade. risk 3. mae 2. mfe 10. profit 9
2 trade. risk 13. mae 14. mfe 0. profit -14

A losing day. Didn't feel to bad about the losing day but the second trade was forced a little. Balance between missing fully qualified setups and pressure resulting in some slightly suspect entries is a tricky one.

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