getting my daily dose of Eckhart
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- #643
- May 22, 2018 12:44am May 22, 2018 12:44am
- | Commercial User | Joined Aug 2014 | 3,922 Posts
when the dance begins DO NOT THINK but be aware - react on verification. listen what market has to say, and follow. DO NOT THINK..
i totally understand that you are trying something new, and feel excited about, but...just cant help, my feeling.
best of luck though with the dance and the not thinking, i genuinely wish you that this be "the one".
there is always, always another trade!!
- #644
- May 22, 2018 12:49am May 22, 2018 12:49am
- | Joined Jan 2015 | Status: Trader | 3,404 Posts
{quote} LOL, i am sorry, but now you start to sound like someone from a brainwashing sect
i genuinely wish you that this be "the one"
I'm just trying my best to understand price flow and go with the flow
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- #651
- May 23, 2018 2:23am May 23, 2018 2:23am
- | Commercial User | Joined Aug 2014 | 3,922 Posts
this looks very sketchy {image}
the simple answer: yes.
the extended: it is pointless.
even scalping, if looking to take 3-10 points(dax), best to look areas that offer 15-20 points move the least.
ie. a somewhat bigger picture.
but this is only my 2 cents (or 2 points?) as a scalper.
me humbly and perfect wrongfully would be interested to short around the 13190-13200 zone, maybe if real adventurous 13150ish after gap close on chart. would be not thinking to buy really before the 13100-13080 area.
all this, for 10-20 points scalps in mind. and not all in at once.
but then it is my take, and admittingly i cant dance. at all. one of the many areas i have zero talent.
also havent much traded dax for a long while, for scalping i think forex gives better chances/counter moves.
there is always, always another trade!!
- #652
- May 23, 2018 2:30am May 23, 2018 2:30am
- | Joined Jan 2015 | Status: Trader | 3,404 Posts
{quote} also havent much traded dax for a long while, for scalping i think forex gives better chances/counter moves.
and it had series of LH's and LL's from above
very good point !
I think to not further confuse myself I should only pay attention to prominent levels and keep the minor levels in my mind not drawn on the chart.
btw if you traded DAX this afternoon you would have scored way more than 10points
covered the gap and there it went down... I did go in but like a nervous anxious maniac I am bailed out with only 10points I should have at least be looking at 13100 are before bailing out like you said if I were clearer about my levels today would have been a very good day !
but I definitely smell manipulation here look at that fall !
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- #653
- May 23, 2018 7:47am May 23, 2018 7:47am
- Joined Nov 2013 | Status: Trader | 2,780 Posts
{quote} you sure you know your levels ! and it had series of LH's and LL's from above very good point ! I think to not further confuse myself I should only pay attention to prominent levels and keep the minor levels in my mind not drawn on the chart. btw if you traded DAX this afternoon you would have scored way more than 10points
It's in fear when people show what they truly value.
- #658
- May 24, 2018 3:21am May 24, 2018 3:21am
- Joined Nov 2013 | Status: Trader | 2,780 Posts
It's in fear when people show what they truly value.
- #660
- Edited 10:19pm Jun 12, 2018 8:54pm | Edited 10:19pm
- | Joined Jan 2015 | Status: Trader | 3,404 Posts
So here comes June, off it goes May...
I may have already published my gains/loss % some time ago but for personal reference I'll do it again. So I started trading live from Mar'19 after hitting 9 winners in a row on a demo after a bout of losing season I was somewhat convinced and yet half unsure that I could tackle trading live once again after 6months of hiatus on live by then I had gone through two small accounts confidence had already thrown out of the window and I was already well transitioned into my gamblers mindset which explains why I was half sure and half unsure about my sudden lucky streak. But I took the plunge and decided to give live trading another go, truthfully speaking I can't back up now I'm on a one way street there's no going back from here.
Just when I thought I was on my way to the millions
LOL I started losing again, then doubts started creeping into my MO what if that was just a lucky streak what if it isn't sustainable in the long run, what if I'm running into the same riddles all over again etc...
Now if you've been where I am which I'm sure when of you have/had been you'll go on a whole new journey all over again, and I did. This is when the losses started to build up and I was already down almost 4% for the year from Mar'19-May'19. My gamblers tendency was waiting just around the corner to jump back on me, which it did. Fortunately since I was trading with the smallest lot despite my ill-timed , wrong direction entries were not as hazardous, and maybe justifiable after all as a lesson learnt.
So June came along I was determined to make this month a turning month however small the gains maybe, I didn't care I just wanted a turnaround. I wouldn't say I've got everything down, and it probably never will happen or maybe it will ?? but the more I trade the more mistakes I make the more I learn ? when I look back at my screenshot taken just a month ago with notes I'm thinking to myself how I didn't see that coming ? so yes I am making a progress. And day by day I am understanding market behavior and also starting to feel its pulse better.
The day before yesterday it felt different I was unusually calm even with an active trade I waited for a sign to enter and close my trade not on hope/greed/fear , I could feel the pulse beat by beat, candle by candle I limited myself to a single entry until I recover my losses back -4% so for the remainder of the session I was just watching and making entries in my head and they were all right... I couldn't believe it did I finally get it ? not so easy yesterday was a meh session all in all I made 7 entries which were too much for me for now and ended the day with -17pips not too bad !!! but i did examine where and why I incurred those losses, I studied my screenshot from way back Apr all over again ... it's funny how you can recognize things that you couldn't see in just over a month or less.
I'm recognizing patterns better, and I'm also learning what I called gamblers tendency wasn't all about gambling it was just a symptom of me not knowing enough, yesterday when I couldn't recognize the pattern and couldn't feel the pulse well I did make 7 entries 5 were wrong !!! now I know this is how I get into a gambling mode when I don't know what's happening, when I can't recognize the pattern, when I am out of sync with the market. So how do I avoid this multiple losses ? simple I stay put when I'm not sure, when I can't recognize the pattern/behavior, my account will thank me for that!
June so far is coming along nicely I am trying not to have a losing day, but its hard as I am still on my way to consistency and not fully there yet, but I think I'll get there very soon.
I may have already published my gains/loss % some time ago but for personal reference I'll do it again. So I started trading live from Mar'19 after hitting 9 winners in a row on a demo after a bout of losing season I was somewhat convinced and yet half unsure that I could tackle trading live once again after 6months of hiatus on live by then I had gone through two small accounts confidence had already thrown out of the window and I was already well transitioned into my gamblers mindset which explains why I was half sure and half unsure about my sudden lucky streak. But I took the plunge and decided to give live trading another go, truthfully speaking I can't back up now I'm on a one way street there's no going back from here.
Just when I thought I was on my way to the millions
LOL I started losing again, then doubts started creeping into my MO what if that was just a lucky streak what if it isn't sustainable in the long run, what if I'm running into the same riddles all over again etc...Now if you've been where I am which I'm sure when of you have/had been you'll go on a whole new journey all over again, and I did. This is when the losses started to build up and I was already down almost 4% for the year from Mar'19-May'19. My gamblers tendency was waiting just around the corner to jump back on me, which it did. Fortunately since I was trading with the smallest lot despite my ill-timed , wrong direction entries were not as hazardous, and maybe justifiable after all as a lesson learnt.
So June came along I was determined to make this month a turning month however small the gains maybe, I didn't care I just wanted a turnaround. I wouldn't say I've got everything down, and it probably never will happen or maybe it will ?? but the more I trade the more mistakes I make the more I learn ? when I look back at my screenshot taken just a month ago with notes I'm thinking to myself how I didn't see that coming ? so yes I am making a progress. And day by day I am understanding market behavior and also starting to feel its pulse better.
The day before yesterday it felt different I was unusually calm even with an active trade I waited for a sign to enter and close my trade not on hope/greed/fear , I could feel the pulse beat by beat, candle by candle I limited myself to a single entry until I recover my losses back -4% so for the remainder of the session I was just watching and making entries in my head and they were all right... I couldn't believe it did I finally get it ? not so easy yesterday was a meh session all in all I made 7 entries which were too much for me for now and ended the day with -17pips not too bad !!! but i did examine where and why I incurred those losses, I studied my screenshot from way back Apr all over again ... it's funny how you can recognize things that you couldn't see in just over a month or less.
I'm recognizing patterns better, and I'm also learning what I called gamblers tendency wasn't all about gambling it was just a symptom of me not knowing enough, yesterday when I couldn't recognize the pattern and couldn't feel the pulse well I did make 7 entries 5 were wrong !!! now I know this is how I get into a gambling mode when I don't know what's happening, when I can't recognize the pattern, when I am out of sync with the market. So how do I avoid this multiple losses ? simple I stay put when I'm not sure, when I can't recognize the pattern/behavior, my account will thank me for that!
June so far is coming along nicely I am trying not to have a losing day, but its hard as I am still on my way to consistency and not fully there yet, but I think I'll get there very soon.
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