Journey to consistency

This may finally hit my TP.

A little patience goes a long way.....

Experiencing losses on a demo feels as bitter as real cash

There was no fakey <I'm actually starting to spot the difference between a fake and a non fake move days> something to be proud of when I have nothing else to show for my efforts just yet .

DAX has fallen since Frankfurt mid session and it still is but we've got some levels to push further down through that's probably why's it isn't moving as fast as it usually does.

One lesson through trial and error I have realized that I should keep initial position going at least for 30min to an hour MAX, should also be the case with Nikkei. I will not attempt to re enter - re entering doesn't work for me - it doesn't suit me.

For me bias remains bearish but we might see some counter trend moves in an hour or so I wouldn't open any position now, I'll wait for it to test the previous high.

Calling it a day here.
Really tired.
And its only monday.

But I'm looking forward to tomorrow

Slowly but surely reached the target.

There was some adverse move an hour into Tokyo as per usual.

But I got out 30 minutes after I opened my long position.

I didn't attempt to re enter.

We're at 1h 200ema now, hovering just above like I've been saying from what I have observed running positions usually for an hour seemed like a good standard but if I had it running into 8:00AM or 9:00 Tokyo I would have closed my position at 1h 200ema that was 70pips excluding the spread, today was a normal day for Nikkei.

I'm off.

Will be back when London opens.

My bias remains bullish. However I think this could be a tough battle up we have prominent support and 15m resistance up above, squeezing it from both sides.

Closed one long position with minimal gain.

There it went up.

I think this is coming down to an apex if it does go up.

However there's also a possibility it could go down breaking yesterdays resistance turned support.

Done for bulls.

Not so impressive session for DAX.

I will be back in 2 hours for some more observation (since I'm not used to trading around these period I will be observing from the sidelines)

So for today there was no fakey around London open. I'm getting better at spotting the differences and that saves me a whole lot of trouble. Making a progress. I'm happy. From what I've experienced and observed thus far if there's a no fakey its better to hold the position around 30minutes from the open and wait on the sidelines until US kicks in. Thats just an observation not a solid fact. On these kind of days I've noticed the gain could be as little as 30pips still beats some fx pairs ! and its pain free moves up in minutes not hours or days.

But when the direction is obvious "somewhat" and when there's a high likely that its going to be a trending day, DAX falls hard ! or vice versa and usually prints good fake moves ! and you can usually expect to hold your position for an hour at least gaining over 100pips.

As for today I'm calling it a day here. But we may see some decent moves like yesterday when US kicks in, I"ll arrive 2 hours prior US opens.

Reversal trade went 2 legs down.

10am GMT is also a good time to re enter on a pullback as it was the case for today.

Depending on the day, (depending on the day I may also have to open 2 entries per session) what kind of move I'm challenged with I think I'll have to stay around from 8:00am to 11am GMT.

As for Nikkei my schedule is from 8:00am to 11:00am tokyo time.

I'll focus around the opening times of DAX and Nikkei, my working hours will total up to 6hours 1 hour less than 9-5 job (if I were to include pre London , Tokyo open analysis time it would actually round up to 7 hours no different to having a real job) , I better make my times worth !

Last check in time for DAX will be 12:00, 20pm my time if I had not so great session in the morning. But first off I'll have to master the morning session til lunch.

I think we're going up now.

there's going to be a lot of pressure from the upside.

Area of struggle for the bulls.

Bulls bulls bulls.
Take control.

Resistance beware

but I would have kept my long

I calculated the current RR of this trade -25$ +17$ not good I better keep this running for 50$ at least.

rejected
now it's a matter of where it'll find support.

or could always turn to the opposite direction. you never know. never play god.

but, but the probability remains to the upside.

US open adverse move is expected.

Now that I look back this wasn't such a bad entry <higher low big volume bullish candle closing above previous high , or was it too risky ?

I'll have to recover my brain cells now.

In the meantime bulls are pushing DAX higher 5m,10m looks promising still.

Closed my initial long it was opened too early

Opened another long current net -10$

I should stick with my bias until 8:00 at least - around these times reversal could happen.

Well this was a prominent level price was on a downward trajectory but it was on a support, so no reason to sell just yet remember buy low sell high it was too low to sell, so I figured it was going to go up 15m,30m,1h, and lower TFs all showed up. Long position would have gained 30pips from 7:30-8:00

My lesson for todays session ?? If the level is prominent ::: in this case there was a strong resistance up above and price had fallen heavily down, GET OUT with what you can take and 8 o'clock was a good time to exit.

Now price is in the middle of nowhere (danger zone)

Since I wasn't disciplined and maxed my entry I'll stay on the sidelines for the rest of the session.