Sunday, November 2, 2008

Weekly performance questions

7 performance questions(wkly)

1. What will I improve on this week?
I will work on being a complete trader, specifically taking profits, taking losses early and my journal.

2. What was I most proud of this week?
I had a decent trade or few.

3. What was my biggest accomplishment this week?

4. What have I done to get closer to my lifes goals?
Put in the trading hours.

5. What was hard for me this week and why?
I am still working out my hardware/software problems

6 & 7. What was my biggest waste of time this week? What am I most ashamed of this week?
Letting a winner turn into a loser, cause I did not bag my pips and let the rest break even.

This week my focus will be on being the ideal trader. I will do my chart work, develop my trade plan, trade only my plan, lock in pips and set be. If I get a loser I will kill my trade at a reasonable level(max30pips), take a mental break and resume as each trade is just a small piece in the grand scheme of my total time trading. At the end of the week I will take the screenshots from each trade, print them up and then review them to relive each trade.

Wednesday, October 29, 2008


Fade the EY
+19
+8

2min macd working well. should have fibbed my way into this.

Monday, October 27, 2008


2min macd is working very good.
The gap on sunday from the e/u was preceded by my 2min macd- a 50 pip move as well as this beast tue london trade of 200pips in short order. Saddly beast was 30pip spread. The lower high was the first signal. The 1min stoch was in agreement and then the first lower high with the 2min macadoodle was the trigger.
I did not take these trades but it is giving me confidence to use this 2min bar more and more.

Wednesday, October 22, 2008


Part2 of CAD/JPY trade
bah this thing now moved 220plus pips in my direction.
too bad i got out at +47pips.

Note how price is riding the 5sma in the 1hour chart, keeping its closes below it. That would have been 3weeks of profits instead of 3days worth.

CAD/JPY trade



Took a news trade, on the 1min. approx 4:41am(0430news)
Bah I should have gave it more room.
Oil inventories came in at a surplus, which fundamentally will be weak for the CAD, the jpy was the strongest pair at the time. So chose the CAD/JPY before the news.
On the news hedge funds began pumping money into the CAD/JPY, oil, etc...or were covering. CAD/JPY spiked, then i waited for the reverse fib with stocs confirmation and once I saw red pulled the trigger.
Here's a shot, this isn't the exact charts i took the trade on, I have to get the template set up on this cpu.
Note- silly me i held this one too tight and it made 120pips as of now with only a few pips negative(the chart SHOWS a be, but the mb platform went negative a few pips. I actually wanted to go back to sleep, i thought s2 was a good target or be. Looks like this would have been a good spot/swing. It was at the right time for a spot as well.

short 3 @ 79.39
cover 1 @ 79.27 +12
cover 1 @ 79.25 +14
cover 1 @ 78.92 (s2) +47

Monday, October 20, 2008

Took a fade.
+7
+25
Basically the eur/usd made a new low on the 4hrs. ?Kept going lower, we were coming into London open at 9pm Hawaii, so I looked for upcoming support, we hit s1, then I looked for a reason to long, Ended up taking a market order long on a higher bar, unfortuantely it put me at the top of the range, buying into resistance against a down trend. But we had moved very fast and I was temporarilly down 10 or so pips then it began working in my favor, my sl was a lower low, but we ended up going up. I wanted half of my order out at 60 the round number 8pips plus my entry, then the exit at a fib point which was 70/80 the psychological numbers and places where people put a lot of orders in.

So tonight I am up +40 even with the sloppy orders. I need to get better at entering on this platform.
The good tonight was that I was patient and not overly eager about trading. I waited and took my shot like a sniper.

mon pm(tue london)
made a decent trade off of 2min macadoodle...missed the double bottom trendline long, got in on the 2min macadoodle cross.
problem was my limit order on the platform.
i knew 30 would be resitance so wanted to cover half at 30 for a plus 13, then the other half to break even, ended up making a whole new order instead of cover.

+13
+1
-5(accidental order)