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Sunny Coasting Along

  • #461
  • Oct 31, 2019 8:18pm Oct 31, 2019 8:18pm
Quoting SunnyCoast
EJ (S) -22*3 = -66 points EJ (S) -2*3 = -6 points Very "nice" losses these 2 as I did my analysis and put on the trade. I was wrong, on to the next one {image}
You're not alone, same here. I need to improve on my discipline. At first I managed to recover an $150 mistake and made it, then I got greedy and ended up down $270. Lesson learned!

keep going and thank you for your charts! It's good to double check my work vs somebody else's and see that I get it!

Now back to practice. BTW I am doing meditation in parallel and I think it helps to calm the mind from all the MM noise

cheers

D
  • #462
  • Nov 12, 2019 4:19am Nov 12, 2019 4:19am
Time to catch up and go over some recent trades.

Monday, Nov 4th.
This was not the start I was looking for after a very nasty October.

UJ (S) -50*3 = -150 points

UJ (S) -25*3 = -75 points

UJ (B) +12 *3 = +36 points

The thing that stings the most about this one is I had been waiting since mid October to take advantage of a lovely Seasonality Trade on USD JPY (LONG) in November and I still got sucked in to taking a short.[/color]

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Attached Image (click to enlarge)
Click to Enlarge Name: USD JPY H1 UPDATE NOV 6th.png Size: 77 KB
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Click to Enlarge Name: USD JPY H1 UPDATE NOV 5th.png Size: 86 KB
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Attached Image (click to enlarge)
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Empty your mind and let the market guide you
  • #463
  • Nov 12, 2019 4:22am Nov 12, 2019 4:22am
TUE, NOV 6th

EU (S) 18 x 3 = 54 points

Attached Image (click to enlarge)
Click to Enlarge Name: EUR USD SELL WED OCT 6.png Size: 43 KB
Empty your mind and let the market guide you
  • #464
  • Nov 12, 2019 11:58am Nov 12, 2019 11:58am
MON NOV 11

EU (S) 10 * 2 = 20 points
EU (S) 35 * 4 = 140 points (160 point trade)

Entry was at last Friday's NY session LH target. Took a small portion off at 10 pips and let the rest run down a previous HL from October.
Sentiment was still nicely placed to the Sell side (still is) so that sure helped.

Attached Image (click to enlarge)
Click to Enlarge Name: EU SELL NOV 11.png Size: 35 KB
Empty your mind and let the market guide you
  • #465
  • Nov 12, 2019 12:30pm Nov 12, 2019 12:30pm
MON NOV 11

GJ (B) 18 * 4 = 72 points
GJ (B) 44 * 2 = 88 points (160 point trade)

Entry on pullback after strong IM in Monday's early London trading. Target was previous highs and FB ZOne up the top.
GJ Reversal trade would have paid of nicely too.

Attached Image (click to enlarge)
Click to Enlarge Name: GJ BUY TUE NOV 12 Exit.png Size: 85 KB
Empty your mind and let the market guide you
  • #466
  • Nov 21, 2019 9:51pm Nov 21, 2019 9:51pm
Slow week on the trading front but not on the life front.

AU (S) +16 * 5 = 80 points.

Attached Image (click to enlarge)
Click to Enlarge Name: AU SELL THU NOV 21.png Size: 151 KB


Attached Image (click to enlarge)
Click to Enlarge Name: AU SELL THU NOV 21 EXIT.png Size: 33 KB
Empty your mind and let the market guide you
  • #467
  • Dec 2, 2019 8:14pm Dec 2, 2019 8:14pm
You kind of wish each trade would be this "simple". Of course I left a lot on the table but for me slow and steady builds an account and a track record.

Attached Image (click to enlarge)
Click to Enlarge Name: EUR USD MON DEC 2 BUY.png Size: 29 KB
Empty your mind and let the market guide you
  • #468
  • Dec 3, 2019 12:36am Dec 3, 2019 12:36am
Hi Anthony! Do you trade breakouts already? I started with this too ... but trading like George is much more interesting)
Cheers Michael
  • #469
  • Dec 3, 2019 3:59am Dec 3, 2019 3:59am
Quoting mik2012
Hi Anthony! Do you trade breakouts already? I started with this too ... but trading like George is much more interesting) Cheers Michael
Thanks for dropping by Michael.

I'm looking to trade the moves that go to take out the herd's stops. I follow the retail sentiment and then trade against that until their stops are taken of the liquidity in the market has been absorbed.

I find that pretty interesting, too.

CHeers
Anthony
Empty your mind and let the market guide you
  • #470
  • Dec 3, 2019 10:56am Dec 3, 2019 10:56am
Quoting SunnyCoast
{quote} Thanks for dropping by Michael. I'm looking to trade the moves that go to take out the herd's stops. I follow the retail sentiment and then trade against that until their stops are taken of the liquidity in the market has been absorbed. I find that pretty interesting, too. CHeers Anthony
understood))
You trade to the stop .. Breakouts happen
quite long, I think you get out early, do you use trailing stop?
  • #471
  • Dec 4, 2019 4:04am Dec 4, 2019 4:04am
Quoting mik2012
{quote} understood)) You trade to the stop .. Breakouts happen quite long, I think you get out early, do you use trailing stop?
Yes, I just try to flow with the MM orders and target the herd stops.

Usually I'll bank some profit there if the trade has moved in my favour and then let the rest ride to another target area. But it is still something I'm working on for sure.

Cheers
Anthony
Empty your mind and let the market guide you
  • #472
  • Dec 4, 2019 2:43pm Dec 4, 2019 2:43pm
AU trade from yesterday. Just targeted the stops on both sides.

Attached Image (click to enlarge)
Click to Enlarge Name: AU BUY WED DEC 12 EXIT.png Size: 85 KB


Attached Image
Empty your mind and let the market guide you
  • #473
  • Dec 8, 2019 9:51pm Dec 8, 2019 9:51pm
Quoting SunnyCoast
AU trade from yesterday. Just targeted the stops on both sides. {image} {image}
Is the sentiment based on Daily 5 and 20 SMA
  • #474
  • Dec 9, 2019 3:53am Dec 9, 2019 3:53am
Quoting mixedbags
{quote} Is the sentiment based on Daily 5 and 20 SMA
No the sentiment is a special tool that was created to read the changes in retail positioning.
Empty your mind and let the market guide you
  • #475
  • Dec 9, 2019 4:08am Dec 9, 2019 4:08am
Quoting SunnyCoast
{quote} No the sentiment is a special tool that was created to read the changes in retail positioning.
Thanks.
I asked because I saw something interesting at
https://marketmilk.babypips.com/watc...ur-pairs/trend
  • #476
  • Jan 28, 2020 6:54pm Jan 28, 2020 6:54pm
January 2020 Update.

So I'm still on track to reach my 12 month PsyQuation Goal score of Greater than 65. (Just!!)

January has been my best month yet since I kicked off in July 2019.

My 2020 goal for my small live account is a gain of 25%. It would be nice if every month was around 10%.

Attached Image


Attached Image
Empty your mind and let the market guide you
  • #477
  • Jan 29, 2020 2:47am Jan 29, 2020 2:47am
Quoting SunnyCoast
January 2020 Update. So I'm still on track to reach my 12 month PsyQuation Goal score of Greater than 65. (Just!!) January has been my best month yet since I kicked off in July 2019. My 2020 goal for my small live account is a gain of 25%. It would be nice if every month was around 10%. {image} {image}
Take a look of your leverage, your risk score is affecting your global score
  • #478
  • Jan 29, 2020 3:38am Jan 29, 2020 3:38am
Quoting DavidRP
{quote} Take a look of your leverage, your risk score is affecting your global score
Thank you David for your observation and input.

I always appreciate constructive feedback.

Now that a few things are falling into place I will look to bring that risk score up by working on all of the variables that factor in to its calculation.

It looks like low hanging fruit for bring able to raise my score closer to 75.

Cheers Anthony
Empty your mind and let the market guide you
  • #479
  • Feb 13, 2020 7:02pm Feb 13, 2020 7:02pm
Some great news for me which requires a thank you to George and especially Zoltan and of course others who have guided me thus far.

I've passed the first stage of the AxiSelect program and have been accepted into their Incubation Program. Still a long way to go yet but I'm proud of myself that I did it in 7 months and that while working I've been slowly adding money to my account. It's still a small account but hope to grow it to 5 figures by the end of the year through trading and saving.

Attached Image (click to enlarge)
Click to Enlarge Name: Psy QUation Feb 2020.png Size: 103 KB
Empty your mind and let the market guide you
  • #480
  • Edited 10:54pm Feb 13, 2020 10:39pm | Edited 10:54pm
Quoting SunnyCoast
Some great news for me which requires a thank you to George and especially Zoltan and of course others who have guided me thus far. I've passed the first stage of the AxiSelect program and have been accepted into their Incubation Program. Still a long way to go yet but I'm proud of myself that I did it in 7 months and that while working I've been slowly adding money to my account. It's still a small account but hope to grow it to 5 figures by the end of the year through trading and saving. {image}
Congratulations!

So it is possible after all?

To start day1, do the work mindfully, and in 7 month be at the gateway toward the 'pro' program.

Anthony knows the answer, first hand!

Happy trading!
Zoltan
there is always, always another trade!!
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