Wednesday, 30 April 2014

R+0: Factoring in S/R to Strengthen Trade

GU: One poor trade.. where I didn't factor in S/R to entry and TSl'd too quick...

EJ: One good trade...  where i factored in S/R

UJ: Obs one trade I avoided incorrectly.

Monday, 28 April 2014

R-0.4 Traded a Poor Trigger. Could Also Take more Profit in a Strong Trend

Choose EJ over EU  today as it was trending better. NB: made a mistake on order entry first thing so have discounted the "false trade" from PL (-0.3)

EJ Trade...

UJ Trades (NB trigger O/C against 20!)

.... Trading back into the daily Range on the GU and EU was profitable  but difficult!
EU Obs (despite an eventual SAR lots of trades would have been stopped prior to it)

GU Obs

Sunday, 27 April 2014

Psych Update

Definitely sinking into a hole this week. In life in general feeling lethargic, anxious, indecisive, rushed, out of control and actually achieving very little because I am doing so little which is just magnifying all the issues!

Issues
1. Trading APU. How did I have a 2.2% winning week a month ago?
2. didn't go for my walk last night, or this morning.
3. Not doing any Chi Kung.
4. Drinking again, albeit "healthily" but still having an impact.
5. Not Training Simon...He's away.
6. Not getting out during the day.
7. Flat...  Gas safety check issues.
8. Injured
9. Mouth Ulcers
10. didn't do any BJJ study today
11. Didn't do any Trading study (reading today).

Solutions
1. Trading: It's late, so tomorrow morning when you're fresh go look at the week that was so good and copy the fuck out of it.
2. Walk: As soon as you've finished this do your walk!
3. Chi Kung: Start doing Chi Kung again, it only takes 10 mins a day so do it every day. Do it when you come back from your walk.
4. Alcohol: Go dry again if you need to, no one will give you a hard time!
5&6. Yeah Simon's away and if he were here you would have got out. But you  thought you wouldn't this week to save money. Stupid, accept that no one can work and live at home all week and you must go out. It actually improves your productivity! So accept it as a cost of business.
7. Gas: safety check issues. You're doubting the guy/not sure if you can trust him.  Ask Sarah why the cost, or simply fuck him off!
8. Injury: it happens when your training. It actually feels a bit better now that I've trained. Take it easy, no rolling around with big D and you can always go to Darren if needed.
9. BJJ. You're nearly there and you've been going at it hard recently. Why not start back next Monday fresh and excited instead in this rushed feeling.
10. Study: Just start again. Even a page a day will do!

22nd-25th April P/L: R -3.5


Tuesday Issues: EJ trades had little correlation with EU and GU. It was also chopping around D1 lows.

Thursday Issues: A late exit at a loss because had not taken a profit at S/R. Trading a HM/doji.

Friday Issues: Trading in a S&R mess (range), needed to wait for it to clear.

Friday, 25 April 2014

R-1.7 An S&R Mess: I Must Make Sure I Have a Clean Shot Before I Fire!

Generally an S&R mess today,  but oh no why would that put me off?! ;-)

EU trades...

UJ Obs...

GU Obs...

Thursday, 24 April 2014

You Can Make Money the Wrong Way And Lose Money The Right Way

Sometimes I've got to remind myself of this.

The correct way of making and losing money is:  risking small controlled amounts of capital in the direction of the highest probability/when you believe you have an edge.

The incorrect way of making and losing money is:  risking large uncontrolled amounts of capital even in the direction of the highest probability as this will very likely eventually lead to a sudden and catastrophic loss / bust because edge's fail regularly. 

R -0.4: A Poor Exit And Trading A Doji/HM Trigger

GU Trades... (poor exit on 1st trade)

UJ Trade... (should have avoided HM trigger and traded till 9AM to get C&D)

EU Obs... (incorrect in appearance but correct in practice :-) )

EJ Obs... ( a comment recently put me off trading this but feel like I'm missing out.)



Wednesday, 23 April 2014

R+0 No Setups: PA Chopping Across 20EMA, But possible "Trigger Line"

GU Observation...Had I drawn a "trigger line" I might have been able to capitalize on this trade.

Tuesday, 22 April 2014

R-1.4 EJ Not Very Well Correlated With EU and GU

GU Trade...

EJ Trades (Not great correlation with EU and GU). As trading truly felt each trade would fizzle out.

EU obs (better correlation with GU and UJ)

UJ Obs (better correlation with EU and GU than EJ)

14-18th April P/L: R-2.1


Tuesday Issues: Quit Trading at 0740 for no good reason other than had enough.

Wednesday Issues: Trading Imperfect triggers.  Namely ones that opened and closed against the trend and were not at S/R.  NB Imperfect triggers that retraced to S/R were healthy triggers.

Thursday Issues: Genuinely rubbish price action.

Tuesday, 15 April 2014

R-0.4 Missed Trades Because I Stop Early

NB stopped trading by 0740GMT for no good reason.

GU Trades...

EU Trade...

EJ Trade...

Monday, 14 April 2014

R+0.5 Using 1:1 RRR

GU Trades...

7th-11th April P/L: R- 3.1


Monday Issues: Poor Triggers a Discretionary exit.

Tuesday Issues: Mistake on Risk Calculation (otherwise good).

Wednesday Issues: Unrealistic PT's.

Thursday Issues: Poor Trigger , Unrealistic PT's.

Friday Issues: A Poor Fill screwed RRR, should have exited immediately.

NBs:  
1. all doji and any bar that O/C against 8/20 (unless in prolong trend) =  bad triggers
2. Need to label triggers prior to session start so as not to miss SARs
3. Triggers that O/C against 8/20 appear to be good CTT triggers.
4. Generally missing trades on other pairs as too focused on one I'm in.

Friday, 11 April 2014

R-0.6 Poor Fill, Should Have Exited Immediately

EU trade...

EJ observation (weak trend trigger, makes strong SAR trigger?)...

Tuesday, 8 April 2014

R+1.3 Mistake on Risk Calculation

In terms of risk I did make R+1.3 in pips, but I messed up my risk calculation so my actual P/L in £ was more like R+0.1. Whoops!

GU trades...

EJ missed trade...

Saturday, 5 April 2014

31st March - 4th April P/L: R -0.5


Monday Issue: Trading a poor trigger namely a Hi Wave Bar. Also expecting too much from a  PT  because not really looking at S/R levels.

Tuesday Issue: Discretionary Exit.

Wednesday Issue: Another unrealistic PT because not taking into account OHR.  Also missed a trade because only looking at one pair. 

Friday, 4 April 2014

R +0 Missed a trade

GU setup at 0700 but the trigger was a hi wave candle which invalidated it.

EU setup at 0745 but the trigger opened and closed against the 20ema and trend. This ordinarily invalidates it, however there was a strong and prolonged trend prior to it (8/20) so should have taken it.

Thursday, 3 April 2014

Wednesday, 2 April 2014

R -0.8 Unrealistic PT and Could Have Traded EU Also

Took the EJ trades as occurred first. EU also setup in my session. Despite it technically being correct I didn't take it because still focusing (incorrectly) on one pair trading.

EJ trades...

 EU potential trade...