Wednesday, 15 January 2014

Taking Every Trade = A Better Day

PL: R+2      £+41.57    

Particularly happy I kept losses small and let profits run (could have done better with this but a step in the right direction).

Summary:  Much better day today because I traded every trade the market gave me. Shame I missed (2) I was looking up where to buy a book, classic case of boredom creeping in while waiting for price to develop. Still struggling with discipline, to be precise the ability to hold onto a profitable trade, bar (7) was utter torture and shook me out for R+2 on trade (6). Prep Good, Patience (not letting the mind drift when waiting for PA to develop) and in-(profitable)trade Discipline need work/more effort.


Prep: horizontal lines from RLHs and PBLs, no bias, just watching context.
1. missed the long here as it was "pre-session".
2. missed the short at prior RLH, although prepared for it was preoccupied with something else (errh!)
3. long on touch of prior PBL and reversal, Prep good, Patience good,  Discipline good. R-0.5
NB price had detached from MP prior to 3,Q does this confirm MP broken/PC?
4. SAR short on failed 3 long at MP  Prep good, Patience good,  Discipline Poor (discretionary exit)R+1.1
5. Long off S from 100114 Prep good, Patience good,  Discipline goodR-0.4
NB price had again detached from PBL and range low prior to 5,Q does this confirm PBL broken/PC?
6. SAR, short on RL to PBL and range low. Prep good, Patience good,  Discipline Poor (discretionary exit)R+1.8
7. holding through this bar was a complete C*^!,  watching a paper profit of R2 diminish to R1.5
Finishing early as hit 2% profit.

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