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DAX Journal and trading the European Session


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DAX Journal and trading the European Session

  #51 (permalink)
Hanneke
IJsselstein-Utrecht - The Netherlands
 
Posts: 122 since Feb 2017
Thanks Given: 95
Thanks Received: 419

Last Friday I struggled with the same challanges as the days before and I could resist myself taking trades anyway.
5 trades, -0,87R
I also felt frustrated when I saw what happened in the afternoon and evening with the DAX: The DAX went up and closed above R3.
The positive thing was that my PivotZone analysis was correct.

@GFls1 posted on his thread some good rules to remember.
His rule number ONE:
Never look back
Thanks for reminding me.
I have chosen to mostly trade the morning session. That you miss a move, that is part of the deal.

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  #52 (permalink)
Hanneke
IJsselstein-Utrecht - The Netherlands
 
Posts: 122 since Feb 2017
Thanks Given: 95
Thanks Received: 419

My BigPicture with GapMapping + Pivot Zone Analysis:





Happy Trading and Trade with Grace, Ease and Joy

Hanneke

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  #53 (permalink)
Hanneke
IJsselstein-Utrecht - The Netherlands
 
Posts: 122 since Feb 2017
Thanks Given: 95
Thanks Received: 419


Sorry that I am not posting my charts with my trades. I am not in the right flow unfortunately.
7 trades, all 4 bullets used & session time over, +0,08R

On Monday the DAX was moving is a small range of less than 50 points in the morning and this kind of market doesn't work for me. The main problem is that I let myself being affected by it and search for trades, start hoping for that big move etc.
So I didn't trade with the right traders mindset.
Also the fact that I feel bad after such a trading session implies that I am to much involved which is also not the right traders mindset. The market does what it does and has nothing to do with me personally as we all know.
I create this, that bad feeling, myself.

I am getting a little frustrated that my avgR is going dow since I am trading in SIM and live again.
It went from 0,65R and a nSQN of 3,69 to 0,41R with a nSQN of 2,77 after 83 trades.
When I just look at the SIM and live trades (46 trades) my avgR is 0,18R with a nSQN of 1,52. Both are below my target.
28 trades of the 46 trades are made in a very slow moving market with an argR of -0,15R (-4,2R total).
So looking to the facts, there is no reason to feel bad about it and get frustrated.
What I need to do is to find a way to deal with this kind of market type.

Some options:
* Research more on how I can identify slow moving markets quicker (suggestions are welcome)
* Learn other instruments to trade as an alternative for the DAX so I can choose
* Alway have a list of other things I can do easily while monitoring and waiting for real low risk setups

On Oktober 3th the DAX is closed. A good day to finally start testing other instruments to trade. I have been postponing that

Hanneke

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  #54 (permalink)
Hanneke
IJsselstein-Utrecht - The Netherlands
 
Posts: 122 since Feb 2017
Thanks Given: 95
Thanks Received: 419

Good morning,

The DAX opened today above the previous long term SWING HIGH of 12.955,55. This will be an important location today. It can be a resistance level or support level today.

My pivot zone analysis and Big Picture for today:





Due to the challenges I faced in controlling myself during the last 5 trading session with a DAX that moved very slowly and sideways, my proces focus for today will be:
If the VWAP is sideways and the price is fluctuating in a small range around the VWAP (ca 40 points), don't trade. This is not the ideal market type for me

Happy Trading and trade with Grace, Ease and Joy

Hanneke

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  #55 (permalink)
Hanneke
IJsselstein-Utrecht - The Netherlands
 
Posts: 122 since Feb 2017
Thanks Given: 95
Thanks Received: 419

Hi folks,

I have decided to postpone live trading the DAX for a while and fully focus on getting myself qualified for TST. So now I am testing my trading plan on CL since I cannot trade the DAX during the qualification rounds.
If necessary I even have to use my time also to test other titles.

Since time is one of my most important resources I decided to change my focus on what will help me the most in achieving my outcome. It will also help me improving my executing skills.

Just wanted to let you guys know.

Hanneke

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Last Updated on October 6, 2017


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