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Dont feel bad Ronin, and dont let this affect your mentality. Stay positive and relaxed. - you seem to be going through the same issues I did. I too struggled with the combine. As soon as I went back to trading my live money again I did better (after working through the bad habits picked up from trading the combine). I think if you are a trader who trades real money and then go back to SIM mode you lose discipline because you are more comfortable and start to do things outside of your rules / norm. Atleast that is my opinion.
The only thing i would say to try to help you is to pick and stick with one market and one time frame (5 min or higher). A 3 minute chart is too hard to trade because of the increase amount of bars which lead to more decisions and more entries. You end up cherry picking and picking the rotten fruit because the good entries happen to fast and you miss them, but the poor ones allow you time to enter. The only time you should consider trading a 3 minute chart is when the 5 min is in a BTC / STC situation and you want to get in with a tighter stop than STC or BTC on the 5 min. So you enter where the 3 min counter trend traders will exit (place your entry where their stop is). Even with this you should be careful with, and I would instead just wait patiently for a 5 min setup.
Yeah Master, i totally agree with you. The combine changed my emotions. I don't blame the combine and its rules: they have a purpose, it is me who place the orders on the market and as far as i know i can consider myself a conscious trader at the moment, maybe still very far from unconcious trading and way too far from trascendental trading but still capable to generate a montly income for my family. However those rules are forcing me to change my way to trade and it takes time. And it takes a whole lot of losing days like when you SIM a new strategy to see how it works out. It is all about shaping your emotions to these new rules in my humble opinion.
Let me give a BIG Thank you for the hints.. it is something i was used to. I was sticking on crude before the combine and was using 5 minutes chart only. But i don't know, i have slowly and unconsciously changed from 5 minutes to 3 and started to look around for volatility on other markets but i am going back to 5 minutes because i am picking to many rotten fruits like you said. If i think about it.. i was used to analyze only crude on 5 minutes and now i am chasing 3 markets on 3 minutes.. kind of crazy hehehehe.
07-04-17
Instruments: CL - GC
Time frame: 3 min
Indicators: EMA 20
Strategy: Simple R/S and price action analisys
Crude (CL)
Trade 1
Shorted below bar 161 thinking the price would close the gap with the early tomahawks news. It took all the overnight session but it did it. Anyway i was tyred and only looking for 10 ticks scalp at that hour. I appreciated the high volatility, unusual in the overnight session. +20 ticks
Gold (GC)
Bought the news at EMA. 40 ticks for 2 contracts plus 1 runner up to the resistance but it got stopped out on auto-trail. +116 ticks
11-04-17
Instruments: GC
Time frame: 5 min
Indicators: EMA 20
Strategy: Simple R/S and price action analisys
Today i had one of those monster trades that happens to me just 2 to 3 times a year maybe.
Gold (GC)
Trade 1-5
Gold was rampaging up in a beautifull way. It was an up trend but presented some paused pullbacks to enter or exit the trades. I didn't exited just added positions instead at every H1 buy setup on the pullbacks. Contract 1 : Bought the failure BO of bar 170 open.
Contract 2 : Bought the h1 buy signal 1 tick above bar 179
Contract 3 : Bought the h1 buy signal 1 tick above bar 186
Contract 4 : Bought the strong bounce back 1 tick above bar 194
Contract 5 : Bought the h1 buy signal 1 tick above bar 201
Total ticks : +470
I just think i had the right mindset today. Was happy, concentrated and willing to respect my rules of entry. Forced a bit to hold all the way up to R3 which has been tested but didn't triggered my profit limit order. I got filled 5 ticks below it some bars ahead.
