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Not a trading day and not really surprising. Large moves yesterday, today a bit of a pullback during London, but flat tight range for NY. No trading for me today.
So good day to ask questions if you have any.
Quoting rockypoint
That is still a lot of trades for 1 day. Do you have a check list that each trade must meet before you take an entry?
Yes I know still way to much. I do have a plan yous how or rather the definition of a setup.
Quoting rockypoint
So good day to ask questions if you have any.
Well opportunity wasted, Dealing with some issues, and didnt trade today either,
got a question ask
Quoting rockypoint
got a question ask
rocky, what time do you start trading? It looks like you start when the US stocks open. Is that correct?
My objective is to learn the skill of flawless execution of my trading plan
About 8:30-9am est
Quoting rockypoint
got a question ask
truthfully, I know the strat and the rules. I guess how did you come to the state of mind to be cool enough to not try to chase every break because of FOMOo or any other thing. Basically, how did you tackle the mind in all this you mentioned once that, you naturally want or need to be right, how did you convince your brain that BE is being right. I knowit'ss strange but most of the time I feel like Im in need to almost trick myself to be able to just trade normally without those fits that give back all profits. And do you keep a journal or some sort of notes or not. I do, but honestly I don't see much value in it.
And more technicalone.
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4 euro trades today 2 winners and 1 B/E than a big winner for 80 Ticks. Last trade I took because DX broke out of S/R on 1 min chart after kind of messy PA prior to that happened about 7:30 my time
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Hope this helps. When using price strcuture look for entries where you have room to move I try to find at least 20 ticks of space. However I also keep in mind
the protaganist in the story the DX. PA of DX is very tied the EURO trades plus GBP and JPY. For others look at the charts to see how tied the DX is to them.
For instance the Peso not nearly as much. Hope these explanations help, any questions ask.
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Very helpful. I noticed though you don't look at the market when it opens. right? Do you wait out the influx or is it just the sleep thing.
observing the DX is something that I completely missed. But I opened it on m1 chart and see how it can be very useful.
the problem with me as far as I see it I understand the technique im just to god damn stubborn and greedy. All rules go out the window then that's the real problem for me. But yeah creating a checklist with dx and all rules it might restrict me to the point I will be able to create new habits.
Usually when I trade I'll make my earliest trades around 6am my time and yes it caan help to let markets settle a little around the open. But not written in stone. If you don't follow your rules you won't ever be a consistent trader. If you can't be a consistent trader then ultimately you will lose money. Don't look at this as anything other than a well paying job, not woohoo let's get rich. So create a check list and follow it faithfully. In your case I'd also consider putting a definite limit on number of allowable trades per day maybe 10. If you know you are limited then perhaps you stop taking every signal, or thinking you have to take signal. I had a friend I taught that had a similar problem. I had him look at reasons to take trade but also look really hard at reasons not to take trade. Plus you know when you are feeling stubborn and/or greedy or angry, so stand up a walk away and calm yourself down. Success is there for you to take, I think you know that. You have met the enemy and it's you. You need to make peace with yourself amigo.
Good Trading to all...decided to stop by today and show Rocky my red news trades...1 min Dow Futures +280 points.
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Quoting rockypoint
Usually when I trade I'll make my earliest trades around 6am my time and yes it caan help to let markets settle a little around the open. But not written in stone. If you don't follow your rules you won't ever be a consistent trader. If you can't be a consistent trader then ultimately you will lose money. Don't look at this as anything other than a well paying job, not woohoo let's get rich. So create a check list and follow it faithfully. In your case I'd also consider putting a definite limit on number of allowable trades per day maybe 10. If...
Got it. I know that. That's what's bothering me cuz it's simple (not easy but simple) yet I have so much trouble with myself. That does make sense thinking of it as a job, will do that absolutely. Thank god I already have a plan now the checklist, will incorporate number of trades in there and also max time spent looking at charts. To corner me and force myself to look for a reason NOT to take the trade. Yeah, that is thmostst difficult one, I actually tasked my fiancee when she sees my or hears me (am a bit loud when angry) she comes to remind me to take a minute off its kind of pathetic but that's the only thing that works.
I do know that, that's why it sucks so much more when I start with all that shit. Ha yeah, The greatest enemy is the one within...
Thank you for your encouraging words. God bless you

Ps. sorry for clogging the thread with my stupid problems.
No worries amigo. No thats not pathetic if it works. A relationship is a partenership where hopefully you strengthen the others weak points. I am stubborn and I have a temper and my wife calls me on it when neccessary. Which is more often than I like to admit.
Yeah thats true. I have to say she is awesome with that. Made BIG improvements since I'm with her.
hahaha, I know how that feels yes haha
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Hey RP: Hope all is going well down there for you all!! For everyone on this thread; Trading is a great way to make a living. If you can learn how to be Doctor or Lawyer of anything you can learn to trade. Just takes time and persistence. I have not had a day job in years and I am 60yrs old. If you want to learn just listen to RP and adapt it to your style.

Blessings and have a great day everyone!!
Quoting kthrapp350
Hey RP: Hope all is going well down there for you all!! For everyone on this thread; Trading is a great way to make a living. If you can learn how to be Doctor or Lawyer of anything you can learn to trade. Just takes time and persistence. I have not had a day job in years and I am 60yrs old. If you want to learn just listen to RP and adapt it to your style. Blessings and have a great day everyone!!
Hola Amigo, All is well more or less. My wifes's father passed away unexpectedly, but he lived an amazing life and had a wonderful family. One of the kindest and most generous people I have ever met.
The rest of life is good Trading for a living allows a wonderful flexiblity. It's almost 18 years of trading full time for me now. It's been an awesome journey.
All the best to you and yours.
Sorry to hear about your wife's father. My brother lost his oldest son last month. So prayers for you and the family. I started trading the late 90's. And I have been full time about the same time as you. Still do a lot work in the church and that keeps me pretty busy. But trading has one the best things that has happened to me and my family. Has given us a lot of flexibility to do things that never would have come to pass with a regular day job.

Blessings!!
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