DislikedAyur, I have no problem opening the file. However, I will post it as a zipped one. I hope this will help.
Happy tradingIgnored
Ayour2a
Twitch Journal - Live Journal 4 replies
Lusan Journal III 156 replies
Lusan Journal II 229 replies
Another Trading Journal - Yuhu's Journal 16 replies
My Personal journal up 18% in 2 months going to start a journal 8 replies
DislikedAyur, I have no problem opening the file. However, I will post it as a zipped one. I hope this will help.
Happy tradingIgnored
DislikedThanks for the quick reply.i got the ebook.Moreso,quick brief,can you tell me what you want us to learn from this ebook?Although am going to read and understand.Am very grateful.
Ayour2aIgnored
Mindset: Focused and relaxed until the very last 18 pips. I was very anxious to end the day. That was not good at all. I exited when I realized the mental disturbance. Profitwise a perfect day: my current minimum profit target is 100 pips.
Lessons:
1. Be fearless and fight it out
2. When trading, do not think but trade!
Note: I will not trade tomorrow because (1) News @ 8:30 and 10:00, and (2) Friday. If I go the wrong way, I do not have enough time for fibo rescue. So I am taking the day off. A good week: 543 pips
DislikedNice Livermore's quotes I just read:
“A stock operator has to fight a lot of expensive enemies within himself.”
Meaning: the mindset_indecision, hope, fear, greed.
" A man must believe in himself and his judgment if he expects to make a living at this game.”
Meaning: the mindset_what do my eyes see in the present moment?
“The game taught me the game. And it didn’t spare the rod while teaching.”
Mean: My teacher: the market will teach me. The indicators will kill me.Ignored
Quoting LivermoreDisliked
- Buy rising stocks and sell falling stocks. Agree
- Do not trade every day of every year. Trade only when the market is clearly bullish or bearish. Trade in the direction of the general market. If it's rising you should be long, if it's falling you should be short. Somewhat agree. I believe in range trading too
- Co-ordinate your trading activity with pivot points. He means S/R. I notice currency being attracted and repelled by S/R. Good places to take profit.
- Only enter a trade after the action of the market confirms your opinion and then enter promptly. Possible, however then you would be too late in Forex. What type of confirmation? PA in 1M confirms my moves.
- Continue with trades that show you a profit, end trades that show a loss. Maybe. I take profit whenever my mindset is off, and at variable points along the way.
- End trades when it is clear that the trend you are profiting from is over. Absolutely!
- In any sector, trade the leading stock - the one showing the strongest trend. Something to considering, however at this time, I trade only E/U.
- Never average losses by, for example, buying more of a stock that has fallen. Disagree. I do semi-martingale with fibo entries.
- Never meet a margin call - get out of the trade. Absolutely!
- Go long when stocks reach a new high. Sell when they reach a new low. It depends on the major 1D/1H trends. Shorts: sell on new highs. Longs: Buy on new lows.
Ignored
DislikedHi, Lusan:
Very glad you make pips every day and you also start reading "Reminiscisencs of a Stock Operator".
Btw, it is me I mentioned and talked quotes from this book in his thread, not fti.
Fti's sclaping method is similiar to Jesse's early trading with bucket shops.Ignored
Quoting LivermoreDislikedAfter that first trade, I got to speculating on my own hook in the bucket shops.... I was playing a system and not a favorite stock or backing opinions. All I knew was the arithmetic of it. As a matter of fact, mine was the ideal way to operate in a bucket shop, where all that a trader does is to bet on fluctuations as they are printed by the ticker on the tape.Ignored
Quoting Green_DavidDislikedI remember in the book "Reminiscenses of a Stock Operator", Livermore said, "your relationship with the market is NOW, you can wait for the reason, but you have to act immediately, otherwise you will be left behind". This is the same with what FTI has said.Ignored
Mindset: Focused and relaxed until after the rescue. Thoughts attacked my mindset: "Is this a top or today will I have a prostrated battle to save the book? Was your analysis wrong? Should I turn on the wind? What should I do?". I held my own and talked myself out from the chaotic fear: "If the day will be long, then I would be practicing/testing my rescue skills. Look at the U/Y 30M chart: It is bullish, so you will be fine, etc."
Lessons:
1. Be fearless and fight it out
2. When trading, do not think but trade!
DislikedLord Green, welcome to my house.
Happy to see you around. I think about you sometimes.
Yes, you introduced him to the thread. Jesse was doing some interesting scalping. Look at this:
I subscribe 100 % to this view.Ignored
Profit: 102 pips
Entries: +1+2-5-3+3-2-1-2+2-2-3+3-3+3+2+1
Max deployed troops: 6
Bias: 1D/1H trend mixed
Strategy:“Turn on the wind” and recovery
Mindset:I increased my trading size today: mind a little worry and I misread the bias: “did I want to be wrong?” At the second entry, I concluded that I was again the trend, so I closed and reverted. I danced to recover my 100 pips losses. After recovery, I began a second dance to reach my daily profit target.
My last entry was off time and totally wrong. I was impatient because of the upcoming London close and New York lunch; I wanted to ended and avoid another 2 hours. I did not play my plan and I mistimed the entry. I was not happy and lost the trading mindset.
Not a good day. However, I won the bloody war. I am happy that I won against my own inner enemies.
Lessons:
1. Be fearless and fight to the end.
2. Slow your scout entry.
3. Bad entry? Relax, fix it, and keep trading.
DislikedIt is very true that Jesse also traded in bucket shops with scalping. But later when he traded in a geniun brokerage house and after several failure he changed his method he increased his time frame to a big time frame.Ignored
QuoteDislikedI think it is OK to trade scalping way in forex since we use high leverage.
QuoteDislikedBut if the market can give you a chance of 100 pips, why scalping? Of course when your target is 100 pips, have to withstand a possible 50 pips retracement a lot of times.
QuoteDislikedI am very glad to see you make pips every day. Very impressive and committed to successful trading.
Profit: 179 pips
Entries:
Main strategy: +1+2+3+5-5-1+5-5+5+8-8+8-8-5+5-5-6
Greed damage control: +5+5+8-8-10
Max deployed troops: 19
Bias:1D -long
Strategy:5M rescues
Mindset: Today I did not turn on the wind, but I fought the 5M trend using the normal fib skew. I recovered all my pips and made 90 pips. Impatient, I closed the session because I was tired. Then greed struck! I opened a 5 troops trade to pick up another 10 pips and the troops were trapped. Bad discipline! I ended up trading one more time to rescue the poor 5 soldiers from the teeth of PA sharks. Overexposed I had trouble managing the trade using my standard MO. However, I held my own I chose to fight to the end. It was a test of both my rescue skills and my trading stamina.
A good day until greed spoiled it.
Lessons:
1. Be fearless and fight to the end.
2. If 1H trends hold, no need to turn against the win.
3. When you close the session, you closed the session.
4. Be patient taking your last profit.
DislikedWhat a period!
Very risky because of total market indecision.
Bull to bear, bear to bull, and so on.
From day to day is changing;
I would guess that NOW is a dollar bull.
Let us see what tomorrow brings.
Edit: now 12 hours laters we see the bears back.
We have blinking candles. No guidance here.
No trading today.Ignored
DislikedI have no idea why u have a SELL..(unless u r in smaller TF)...As for D1 TF...I am seeing a bullish runaway...
and of course u can't put 20 pips SL when u r in D1 TF...
SonicIgnored