Ack cpu down

My primary cpu wireless is acting up. I'm not sure what the issue is. It works at home, but not wireless.
Right now I am running my two secondarys, it is going ok, but I am missing my point and figure charts.
Another issue is I have my screenshot software on their.

Mon(sun) 1 trade, 1% up. can't recall.
Tue(mon) 1 trade 2% up. +19, +4(breakeven)

I got class tomorrow, so I am going to work on my assignment, thus not focus on trading right now. I will try to catch the NY open for a spot trade.

Here's a trade sheet that I am looking to do something similar with.

Focus for this coming week.

1. The spot trade
2. Locking in the 15pip profit, letting the rest run.
3. Break and retest entries.
4. Double bottom entries for scalps.
5. Demo
6. Working on developing a tradesheet

The worst trade in 3weeks

I was late in a trade, that I was leveraged too much I was up 38pips(note I did not lock my 15pips in as I have all week, because I was late I should have locked in 8pips at the least then moved the rest to break even.
I was running only 1 monitor, so thought I had the 1min on cause I was flipping but actually had the 1hr on. The trade turned from a winnner to a loser in a few minutes and I was looking at the wrong chart. omg. lame.
ended up doubling down and lost more.
at this point I am only up 1% for the week. Really lame lost 7% or so on that trade. REALLY LAME.
Went from 8%up for the week to 1%.

Lessons from that trade
1. late entry, chased price
2. over leveraged
3. wrong charts- cpu not set up right
4. didn't scale- with price chasing i needed to scalp at 5pips then let the rest break even. it moved 38pips in my favor and i didn't even lock 1 cent in. 38pips would have been another 3% to my account. A total of 11% for the week, part time. What an idiot.
5. didn't have break in locked in with so many pips in profit.
6. doubled down without having a strategic place to do it without a final exit plan.

I have been really good about not chasing price for several weeks. I have made sure every trade was quantified. Till this lame duck. I was over leveraged, I have been pretty good about that as well counting pips not profit. Today I did it backwards and wanted the money not the pips. whamo. bad move. I need to focus on quality trades with setups, exit strategies and the pips. My monitors were not set up, my charts were not set up correctly, I cannot trade half cocked. Didn't scale. wtf, I have been so good with this, again part of this was greed, I was watching the dolllars go up not the pips and upcoming resistance. Scale. Break even. I didn't lock break even in since I was so many pips ahead, I though the trade would keep going and then when it went negative on my entry instead of exitting I kept saying to myself it was going to turn around any second. Finally doubled down, without understanding the entire trade already.
All in all i was the biggest idiot around. Left holding the bag with my teeth kicked in.

Lesson be a professional not some amateur douche holding the bag.



I need to recommit 100%
This week I am going to make sure I am around for every 'spot trade' at that special time.
This will mean I will not react to price. I will put in the research and if I have not put in the work will not pull the trigger. I need t0 recommit every day and each time I turn the computer on I will reread a set of rules before I trade. I am going to get a 3x5 card and tape it to my keyboard to read and reread through out the day. Part of the problem this week that I believe led me to this bad trade was I had to buy snag it, delaying my posts in this visual journal that focused on posting solid trades, that concentrated on good entries, and making pips. I also noted my spreadsheet timetable combo for my monetary goals which I was on track for this week. This bad combination led me to this chasing price cause I wanted money, not locking in profits as I said I would do once I was in profit cause of greed, then being an idiot when I didn't exit on breakeven or close and lastly being a bigger idiot by doubling down. This is truely the worst trade I have taken in a long time. what a loser.


This coming week I will keep the same size since I made the idiot mistake instead of aising it as I had scheduled. If I lose 5% anytime this week I will ratchet down to 1/3. If I trade succesfully this coming week by executing solid trades, post my trades, journalize my trades, then I will consider increasing my size the following week. trades
I will focus on quality trades with setups, exit strategies and pips. Profit is a by product. Pips are what counts. Money is all relative. I am a professional I will trade as a machine.

Faded the move up today at last call of NY.
Actually had the NY time wrong in my mind and thought we had another hour.
+16
+12

Took a trade monday,
+15 with 2/3
+70 with 1/3

Took a trade last night, it was decent, wasn't working out so I was moving my sell limit to get out. For some weird reason my bid and ask were 3-8pips difference, with the bid being higher. When I finally took a market order to exit it filled me at the bottom of that swing.
-13

Weekly Questions

1. What will I improve on this week?
This week my goal is to increase my lot size and to continue have a quota of 15pips a day. The scale is to cover 2/3 at 15pips and to let the last 1/3 run or be.
I will also accurately measure and post my daily % profit and loss in my blog.

2. What was I most proud of this week?
Consistant wins, while minimizng loses.

3. What was my biggest accomplishment this week?
Stuck to my plan, made a few pips, and scaled at 15pips.

4. What have I done to get closer to my life goal this week?
Put in my work for trading, and made a few pips.

5. What was hard for me this week and why?
Been a little busy, even though I was off.
I also had a few times I had difficulty pulling the trigger, to get over this I will insure I do more demo trading in especially in those instances of uncertainty.

6. What was my biggest waste of time this week?
Friday, I missed.

7.What did I do this week that made me ashamed?
I slept in a few times even thugh I knew the NY session offered some great oppurtunitites.

Today I am up about 38pips. After commisions, that is approximately 1.75%. The percentage and dollar amount is not as important.
All I need a day is 15 pips to build my wealth. Size is adjusted according to risk.

Break of Psychological # 1.4000 in EUR/USD

Took a small shot here. Used my stochastics, and scalped. Note the macadoodle cross which immediately turned the second half of my trade into break even.

Short from 1.39848

Exit1 1.3973 = +11.8

Exit2 1.39837(breakeven) = +1.1

For the trade below, the profit max in the 1min till the stochastics crossed below 75 would have been 24 pips. I only jammed a quick 3 pips. Not very good, but lesson learned again. Scale profits. Since I used the 5/8 and stochastics to enter, I should have used them to exit/profit after I jammed my quick scalp.

USD/JPY Scalp

Scalp, waited for the stochastics- in and out, took complete profit too soon, should have took half at 3-4 pips and waited for the rest to run to till stochastics began rolling over in the 1min which would have given me 14 pips. Note macd in multiple time frames the 1/5/15 was against me, thus my reasoning to in and out.

long usd/jpy @ 107.635
exit @ 107.67
+3.5 pips

More detail on that EUR/JPY

The NY session with E/Y definately coorelates to the S&P/Dow futures. Check it out and run the charts side by side.

What was really lame about that trade earlier was I was stopped out at the top, but I took the system mechanically as stochastics was rising.
The 3rd entry was 2.5x the 2nd entry allowing me to profit immediately as stochastics was turned down and we were bouncing off resistance.

1. Stopped out -5
2. Profit1 was taken at 18, for a +23,
3. Profit2 was taken at 31 for a -21, but averaged out was a +1

It's complicated, but I was able to make money, a little over 1%.

Took some shorts in the Eur/Jpy.
-5

then some averaging down for a profit.

First shot is a missed trade I noticed developing, my hand was on the trigger, but I hesitated. Note all the tell tale signs and the small risk to reward. It immediately dumped 30pips from where I hesitated on entering.
No pips, no trigger.


This second chart shows a trade I took, off that earlier trade, a second chance. I took some time to take off, macadoodle was against me before I took the trade, but I did lock in 14 pips for the first scale and the other scale is now plus 55pips.

+15 pips

+45 unfortunately I put my tto too close and got plucked though it is nice profit.


The scaling is working better for me. Allowing psychological satisfaction
and letting some run.

London Session
Pulled a few pips out of London on the EUR/USD. There were a few traps, but I wasn't seriouslly into th market tonight.
EUR/USD- double top, after a triangle break, entry was a little early. Scaled, I should have anticipated the scale and locked 15pips in right away...
+11
+2

pulled some out...so cool.

Scaling Lesson

1 trade in the pre London.
-5 pips, trade had two options, as it turned I exitted.

1trade NY of Eur/Usd -Double Top, waited for the 1min stochastics to roll into the trade zone(below 75), the trade wiggled around, it was Pre NY so we were at the point of going long or short, at the peak of my trade I had +44 pips. I waited for the larger move, but got shaken out. At this point (800am HI) if I had kept the trade at break even I would be up 220+ pips. Lessons, scale. When in the profit, project a point to scale, then be comfortable with letting the rest run to reak even. Part of this to note is time of day. We were at a market open.
+16 pips

Here's the EUR/USD trade

Some thoughts on oil

77-88 to me looks like a good area for support to come in.

Missed this pnf chart, I had it under my candlesticks and failed to check it. 50pip move here.

Lat entry on this, I was watching it for 2hours for this entry, but it didn't line up, I took the GBP/USD coorelation on this EUR/USD trade

entry1@ 13
entry2@ 17
avg entry@ 15

stopped out at 10
-5pips.
Somethings to note: my kid came home right at this time, so had to leave my stop at 10, I could likely have averaged down for a profit since my size was really small and walked away with a profit even on a 3pip bounce from 10.

Also note, rising trendline was respected when in fact i expected a lower support, then note the pnf chart of double bottom(the dbl bottom line was not drawn yet, but it support was there for the dbl bottom. Swing point to swing point was 50pips. At the peak of my trade i was in a net +10pips. Due to the late entry I should have recognized the coming support and scaled atleast half.

Shot of S&P 500, we could have a USD bounce, also note the increased volume on the daily candlestick chart, but failed to make new lows, signaling a possibility of bounce at support.

Nice Euro push

2 missed trades, posted for my experience.
1st one at midnight London(6:00pmHI), breakout to the downside.
2nd one, a reversal, note the bottom at Daily s2 and the time it cooincided with London Lunch. London boys cashed some out before lunch, then came back 2hours later as the NY boys begin rolling in to their offices, "o we hit the D s2, lets buy low and sell high"
Which also goes with HL, macd cross-stoch, and the 50% fib.
Good chart for a variety of lessons.

Scalp the CANUCKs

Scalp, in at 106.90-
exit1 @ 63(1/5) = +47
exit2 @ 70(4/5) = +40

Chart correction on news trade

News Trade

News trade here. Got filled late, used a limit order, and a market order, it missed my limit order, then my market was filled at 90...exitted at 04 and 11.
+14
+21

Lame on the late order, only half my size as my limit order was not filled.

Fibonnacci Entry

AFK...but here is a good one if i was around.

A good learning experience

Another missed one.
But what ever...you can't get them all. One of the primary purposes of this blog is for my own development, thus I post both missed and taken trades. I switched to the pound right as it was triple bottoming and missed this one, there were a few chances for a reentry, but then my kid came over and thus I was not able to keep a close eye on things. At this point it is a +60 pip move.

I had no homework done on this and was about to do so...when i switched it was around the triple bottom around 1.7708. This is my type of set up though, point and figure showed a double bottom(weak, but taken in context a reasonable chance of bounce). Note the respect of the prior trendline.
The risk to reward was very good. Maybe 10pips at most, likely less with a box break on my point and figure chart.

Missed the AUD gdp news(i was tired so napped to get ready for London), though looking at it I would likely have only been able to take 50% of my size at 15pips and the other 50% breakeven in either the AUD/USD or AUD/JPY.

Check this CHF(swissy out)...




Check oil and usd inverse relationship.

Another one I missed but I am studying for the future. Happened right at 6:00pm.

Breakout of EUR.

Chill mat

I picked the Targus Chill mat and Stand up yesterday for $60 at BESTBUY(eeek when i have seen regular chill mats for $20). For a long time I was averse to buying a chill mat, now prices on these things have seem to gone up. I finaly dug deep and bought one and it is amazing. My computer is usually steaming hot with in an hour of having been on, even with a book or similar to prop it up to allow faster cooling. In general I have my laptops running 6-20hours a day. I give this thing a thumbs up and am going to buy another chill mat for my other laptop.

ISM bad news is good news for me

Took this news spike. On 1min. Entry 02, exitted some at 33/34/35/29. Reloaded at 30, it then proceeded past the 21ma on the 1hr but failed to follow thru and came back down.
+30pips give or take

Watched the AUD/JPY news trade set up, the chart looked like it could move better than the AUD/USD. Here's how I drew it up.

EEk another GOOBER.

Ended up near break even(+2) at the beginning of a 80 pip move.
Entered at the 1hr 21ma, using price action, my exit was actually on a better entry if I had looked at the 1min stoch rolling down with the 5/8ma cross.
In retrospect, I played it too tight, since i entered at the 95 I could have used the round number as a better stop instead of break even.

Short @ 1.495
covered @ 1.493
+2