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Gerimo's trading journal


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Gerimo's trading journal

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  #21 (permalink)
 gerimo 
Czech republic
 
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Posts: 89 since Apr 2010
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Yesterday i was OK, so i continued in SIM.

20:03 The market is in chop
20:57 Creating the signal
20:58 Order entered into the Long
21:00 Order have not been filled.
21:19 I noticed that the signal is created and entered an ex-post (violated plan). Trade ended at SL.
21:32 I did not second signal, because I did not pay attention to the market.

Today has culminated inattention to the market. My lesson for next time - if I can not be totally focused on market, dont trade!

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  #22 (permalink)
 Big Mike 
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gerimo View Post
Today i have got a fever, so i stop trading, until i will be ok.

Good decision. Feel better soon!

Mike

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  #23 (permalink)
 Robertczeko 
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Big Mike View Post
Good decision. Feel better soon!

Mike

it looks maybe funny, how we are "dying" by the gross, especially in Czech Republic. But the weather is crazy (once strong frost, then quite warm spring weather) and there is epidemic flu, or something like this.. I stayed home till end of week, but I am going to fight on markets today, I feel much better.

I just wanted to say hello "Ahoj" to my colleague from CZ

R.

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  #24 (permalink)
 gerimo 
Czech republic
 
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Thanks: 11 given, 59 received

20:13 The market is in a downtrend.
20:24 The market seems to be exhausted (several tests the bottom edge of the channel).
20:25 The market broke through the bottom edge of the channel and extended channel.
20:35 After a signal i have entered in the short.
20:40 Emotion: When market comes in my direction, I feel euphoric when it comes against to me, I regret that I came back into the loss-making business.
20:44 The market made a strong bullish candle, there is likely to end up at SL.
20:51 profit target has been completed. This trade was full of emotion.
20:53 The market is showing signs of chop.

This day was rather more political. The greatest merit lies past two days. At Monday I was sick (but there was one profitable trade) and at Tuesday I pick single lost trade (and other two was winners). I must make lots of hard work on myself...

Otherwise, I have got really good idea for my exists. I have tested that on my backtest entries and it looks good. Now I have to make statistic. I will post you results

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  #25 (permalink)
 gerimo 
Czech republic
 
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Posts: 89 since Apr 2010
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Robertczeko View Post
it looks maybe funny, how we are "dying" by the gross, especially in Czech Republic. But the weather is crazy (once strong frost, then quite warm spring weather) and there is epidemic flu, or something like this.. I stayed home till end of week, but I am going to fight on markets today, I feel much better.

I just wanted to say hello "Ahoj" to my colleague from CZ

R.

Ahoj . Netušil jsem, že by tu byl nějaký čech.. Naštěstí chřipka si na mě došlápla jen jeden den. (v pondělí jsem měl 38,2°C a v úterý ráno bez teploty...) Jen ta rýma mi zůstala. Tak ať se daří

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  #26 (permalink)
 gerimo 
Czech republic
 
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Posts: 89 since Apr 2010
Thanks: 11 given, 59 received

Hello everyone,

yesterday i was thinking about myself and trading plan. I compare my strong and weak sides and realize, that i should change thinking about market. I dont see a point in waiting for exactly pattern, because, market is NOT about setups! It is about exits, money management and psychology. So, why i should wait for a signal, which i have defined? Its just identify trend, send order with SL and PT and that is all. Market is in two planes: consolidation and trend. So, if i well know consolidation, i can take small risk and good reward...
This idea is not anarchy (everything will be describe in trading plan), i call it basic nature of the market, because market is only about chopping, trending and chopping trending

// I will be glad, if somebody tell me, what does he/she think about it... Thx!

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  #27 (permalink)
 gerimo 
Czech republic
 
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Posts: 89 since Apr 2010
Thanks: 11 given, 59 received

Hello everyone,

today i have traded the first time my new system.

20:00 The market is in chop and form a triangle.
20:02 Entry with break the triangle.
20:23 Exit from the market - the market continued to chop.
20:36 The market is generally in an uptrend. Current market falls in a narrow channel and form a triangle.
20:41 Candle broke triangle, but stopped on the edge of the channel.
20:45 Entrance to the breaking channel.
20:51 SL moved to more logical boundary.
20:52 End position based on the output signal LCL. (lower closing low)

Close of trading because of two losing trades.


In today -15 USD

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  #28 (permalink)
 gerimo 
Czech republic
 
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Hi,

I decided, that i post here my trading plan (it is not complete, but the basic rules). So, here it is:

Conditions for Trading:
• On a computer with a 2-minute chart and moving average EMA 21
• No indicators
• Clear blinds, turned off cell phone off ICQ, music can be turned (do not disturb)
• Ignoring all that is happening around them
• I am completely focused!
• My job: Take the money from the pockets / dealers and other accounts put them in my pocket / bank. It's a simple game.
• If I know that I acted against the plan Close the command of the deal.
• only traded in the range of hours: 8:00 p.m. to 9:50 p.m. (it is last 2 hours)

Conditions of entry

The main idea is:
The market moves in essentially the same. Either it is a trend or consolidation. I seek out inputs with minimal risk and high profit potential, which is a breakthrough in the chop. Reading the market and based on that act.

Confirmation:
Higher Closing High (HCH) - candle closes above the previous high candle.
Lower Closing Low (LCL) - the candle closes below the previous low candle

Explanation:
If the market trends, tends to close over the previous high candle. When the market is in chop, has a tendency within the previous candle.

Chronology:
1st With TL certain trends will define space or chop.
2nd If the market bounces from TL or break the boundaries demarcated area, waiting for confirmation (HCH, LCL).

Confirmation in the form of HCH and LCL should be the candle, which breaks the TL. Get off as soon as the market continues to chop.

Conditions for Money Management

Basic rules of Money Management:

Exists and Risk:
a. I risk up to 3% of my account.
b. Traded 2 contracts. The first has a fixed size in the PT SL (RRR = 1:1). The second PT is formed due to the exit signal.
c. If there is a signal to the output before hitting the first PT, performs with two contracts command CLOSE.
d. I exit with two contracts command Close as the market remains in chop after entry.

The signal to the exit:
- Discovery of the two candles of the same suit against my position. The second candle makes HCH / LCL.
- If the first candle Doji, then gets the same color as the candle second or third.

The basic idea of exits:
Minimization, profit maximization.
The exit signal caught in large movements, fixed PT caught in small movements and partly cover losses from the second contract.

When not trade?

1st When the risk is too high (greater than 3% of the bill).
2nd When I have two losing trades in one day.
3rd The market creates a very volatile segment of the overall market condition.
4th When there is only one met the conditions for entry.
5th If I am not fully concentrated on what is happening in the market!

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  #29 (permalink)
 gerimo 
Czech republic
 
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Posts: 89 since Apr 2010
Thanks: 11 given, 59 received

Yesterday i wasnt trading. We have celebrating st. Valentine with my girlfriend.

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  #30 (permalink)
 Big Mike 
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Good job posting a detailed trading plan.

Now, the execution.

As you journal, make sure you hit as many of these as possible:

- Journal every day you trade
- Post all your trades, not just your good ones
- Write down why you entered and exited a trade where you did as quickly as possible after taking the trade
- Grade yourself at the end of the day -- what did you do right, what needs work
- At the end of the week, go back and review the last 2 weeks of your journals. What areas are you doing good in, what areas are you doing bad in? Make sure you aren't going in circles.

Have a good weekend,
Mike

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Last Updated on August 11, 2011


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