Going for it

Im trying not to punch myself in the face too much about this.
Its NOT a good day.
Its not a bad day.
3 hours of sleep. To much idiots talking bullshit. To much drama with friends and they´r gods.
Some coffee and some reggae after muay thai. Im sweating in the sun reading Immanuel Velikovsky.
Lifes not bad.
But it aint so nice either.
Does all this life... movements, changes, backvardations, idiotic shit, dreams and hopes affect my trading?
You bet.

Actually, once in 2010 i made a trade with 100 times the intended lot size.
On my own account.
That was the fastet trade i ever made.
No im kidding.
I have made 1 second trades that was the intented lot size.
I think that time it took 5 seconds before i saw the profit/loss going HAYWIRE!
And then i closed that one down.

Sometimes a make a trade based mostly on POTENTIAL.
Sometimes i make a trade based on some kind of hunch.
Sometimes i make a trade based on pattern recognition skill.
They are all sort of different.

I REFRAIN from trading because of a S/R.
I refrain from trading based on news.
I refrain from trading when im too irritated or stressed.

Can everybody become a good trader?
No.

Do i know who can become a good trader?
Not really.

Im i a good trader? (Aks me again when im dead and i will tell you the whole story)
Sometimes.

When i look at E/U M15 my mind goes: What is this!? Who can trades this? Its always to late when you see it.
When i look at H1 its like: Yeah its the slow witted elephants and whales.
When i look at H4 its like: The tidal wave.
When i look at D1 its like: Presidents and war and all that drama nonsense.

When i look at M1 its like: This is my turf. These are my trades.

If i had tick scale data i would trade that.

Another day.
Im quite excited about this day.
My car is falling apart.
The whole exhaust is loose, the fittings are rusted.
I dont use a lot of money for the car.
Id rather buy books.
Bruce Lee, Idries Shah, Immanuel Velikovsky, Graham Hancock, Brien Forester.
If you know those people you would probably see a common denominator with all of them.
Anyway, cars going off for repair.
Walking home from there and doing some trading before a boring meeting and then some more trading.
Thats the plan.
But i was to excited to sleep enough this night. Things are REALLY kicking loose.

E/U M5, thats another deal.
That i have use of. Sometimes it seems when im a bit... lets say chill i like M5 better then M1.
I can be chill for a month sometimes.
And it works out.
Sometimes.
I cant seem to figure out if its price behaviour or if its my "chill" factor.
I dont know if it matters either...

Static TP/SL
Beginners, charlatans, dickheads, "system" people and people selling courses and such often tell you to use a fixed TP and SL.
Its probably because they are stupid.
Or theyre whole approach is stupid.
Otherwise they would need to adjust TP and SL by the volatility of the particular market.
And also adjust it based on yesterday.
Which they dont.
So the approach is stupid.
But if you are a beginner and havent lost enough hard earned cash, you might believe that hogwash.

How much do i feel OK about loosing today?
Thats a much more appropriate qestion for a daytrader.
Larry Pesavanto talks about this.
And i agree.
I base how much im OK to loose on how much i make in a good day and how much i loose on a bad day.
And how much it hurts my wallet.
A shitty day is -3%.
A very good day is +3%.
A DISASTROUS day is -6%.

I have had DISASTROUS days. Three in a row. Thats sucks giant elephant bollocks.
But im still here.
And i havent murdered my account for 10 years.

Dynamic TP
Price is understood in psychological terms.
That means if i get CLOSE to my TP and it starts going away from it, i might hold on to that trade.
The SECOND time it gets close to my TP and STILL it dont really quite make it there, then i CLOSE THAT MOTHERFUCKER DOWN.
THIS IS AN ABSOLUTE MUST.
You CANT be bullheaded and just keep on not being humble and not seeing how you are lucky to get a second shot.
Close that motherfucker down!
Otherwise in the long run, you gonna fuck it up.
For sure.
All we do is guess.
Who knows if we get it right or not?

I bought earlier.
Now im in the shit for -0.5%
At around -1% i letting that sucker go.
Enough is enough if that happens.
Thats a loss of about 30 pips.
If that happens the day whent COMPLETELY wrong as compared to what i thought during the night as i planned todays trades.

If price starts getting a bottom, starts making new steps higher, i will add a position.
If it keeps dropping with new lows, i close it.

Oh and just for clarity, i DONT trade anything other then E/U.
NOTHING else. Not for 7 years.

Closing on a loss less then it has been
I never heard anybody talk about this.
Probably because most people who trade and talk about it are beginners or charlatans.
What i mean is the fact that i often close on a loss that is less then it has been.
If i get into quite a bit of loss, and then it comes back and im not so bad on that position.
Then if it starts going BACK into the shit and going away from me again, i CLOSE THAT MOTHERFUCKER DOWN.
This is a ABSOLUTE MUST.
This is logical following the former things i talked about

The logical step now from what i have written is that my position from earlier this morning isnt doing to good. It didnt quite work out.
From that i HAVE TO CHANGE MY FORECAST.
I have to ADAPT to changes.
I need to CHANGE MY PLAN.
I need to put my estimated highest point lower.
Since now there is a new low.
It indicates price is getting ready to drop even more.
But still, there is a new high recently.
Meaning its far from deicided.
Just the way i like it

Can you perceive how im mixing theoretical assumptions with real data and whats going on right now?
Im not talking to just anyone here.
Im probaly talking to one or two people at most.
The rest wont get it.
Thats just a fact of life.
Its just the way of the world.
Everybody is not a good gardner.
Everybody is not a good warrior.
Everybody is not a day trader.

Hi mate, I just want to say that I am enjoying reading you a lot! Don't you dare change your format, attitude, thinking process, honesty, etc.!

I dont plan to change.
Im not selling anything.
So i im not dependent on what you or anybody thinks of what i have to say.
Thats why and how i can be honest.

Counting is not enough
The candlesticks themselves is not enough.
One chart, two charts, 142 charts... does not change that.
Meaning the act to sell or buy is NOT completely evident just from a certain amount of charts.
Its our thinking, our skills, our hunches, our experience that tells us to buy or sell.
As far as im concerned there is no simple "system" for what to do with a chart.
Whether you are right or wrong?
Only your account can tell you that.

This is what im looking at now.
The keys are inside my head.
Otherwise i guess its just nonsense?

thank you for sharing, this is good!

Im itching to sell.
Im excited about today.
I need to go pick up my car from the mechanic, and then its trading all day!
When i talk to friends and family about what i do they usually have no clue.
2 of my oldest friends knows some of it.
I have been trying to teach them some over the years.
But neither have sat down with a money account.

In general i think its much HARDER to take a small amount of cash and make it a lot in trading currencies with TA, then it would be to just do some regular business buying/selling some cheap ass crap products/services like most business do.
To set up a thing like that, all it takes is the willingness to lie, cheat and steal.
TA is much, MUCH more difficult.
Maybe thats why i liked it from the START 12 years ago.

Nearly a 1000$ the mecanic wanted, 7.000 SEK.
Its a kind of a son/father/cousin business.
I would rather go there then the national/international companies.
They do wonders with tires.
200 SEK to fix a tire in 5 minutes.
Enough of a side note...
But its a good thing for me to remember.
Which car it was, that it was raining, what i had talked about with my friends previous 2 weeks.
All a skeleton of memory to hang the fleshier parts of memory on.
So what i learn today will stick to that skeleton of memory.
Many of the days i treasure, i can still remember the weather.
I remember the weather 38 years ago.
Though i get the time of year wrong, i do remember the weather.

Have you heard of the practice of a memory castle?
This is a thousands of years old memory technique.
You visualize a room and whats in it.
Doors, hallways and so forth.
There is one i did 8 years ago i think.
Its funny how the memory of something visualized in the past can become stronger then the memory of something seen.
Maybe its a bit unusual.
Maybe people dont practice it enough.