Journal for my Self-improvement

Closed all. Will start fresh next week.

Weekly recap

What a wild ride this week was. First week trading big lots and it didn't disappoint me. Pure chaos.
I broke the rules by taking a loss greater than 240 per trade and also trading size greater than 0.8
I was very emotional and took some bad entries, bad TP skills, not accepting small losses plus market was also confusing. This combination led to 3 red days and rightly so.
However, during these times of despair the market always seem to open my eyes and give me aha moments. I think it was Thursday afternoon I had this amazing revelation about the market structure. Mr. Pat Chiko kept saying we always begin with market structure but I always felt that market structure was confusing. I was doing my normal studying of Pat Chiko trades and CaptainJack's notes. That is when I realized something that I never paid attention to. IF it is true, then I cannot not trade it this way.
So Thursday night I decided to stay up all night and get revenge on the market with this new found knowledge and see if it works. It for sure worked. All of a sudden I didn't have a problem holding trades because I knew exactly what the market was gonna do after seeing mini crash around late Asian session. Traded aggressively and by the morning I made everything back plus more.
Then i got overconfident with this knowledge and I didn't wanna accept small loss so as it always happens market took it all back and left me with 100$ out of 500$ that I made on Friday. I could have been profitable for the week but ended up red again.

Plan next week:

- First thing first, I have to go back down to 0.2 lots because I broke rules and I am adding a new tool- Market Structure- to my ARSENAL. ( Arsenal FC we are by far the greatest team the world has ever seen.)
-Prove to me by doubling the account that you can make money using the RS kink/S&R for entry and Market Structure tool for bias. Lets assume that I have a 2000$ account and my max lots allowed is 0.2 lots. Talk to me about scaling up when you double that account to 4000$ without violating risk management rules.
- This time I wanna refine and know each details of my trading process like bias, entries, exits, scaling in, scaling out and what not. If I am not consistent with the process while doing small lots how the fuck can I hope to replicate it during big lots. I was a deer in the headlights this week mainly because the details of my trading process wasn't refined.
- Please please take as much time as you need to master the details. There is no rush. There is absolutely no rush. Let's enjoy this grinding period. It is so much fun to create a blueprint that will be my own precious My Holy Grail.

Technical plan for GU:
GU this week for me is bullish.
I see a bullish continuation one to two legs on 4 hour timeframe.
Therefore, make sure to take majority buy trades this week especially beginning of the week.
No sells until 4 hour confirms it. Perhaps around middle of the week to end of the week. Idk for sure. Wait for confirmation.
If you wanna countertrade then be happy with small profits.
** Alternative scenario is that price falls heavily in the beginning of the week and breaches 2367. If this happens then wait for the 4 hour confirmation for beginning of bullish leg.

I wish 4 hour closed above 2446. That would have me secured with the buy.
Nevertheless we will see what price does by tomorrow morning.

Bought here. Will buy again at the break of low

Closed it for now coz I am confused.

Sold here lets see

closed and flipped. hope it works. I need some trial and error with this method. This stuff is powerful but I am confused as to which cycle price is on right now.
On hindsight analysis was looking good for bullish but in live environment very hard to judge which cycle.

will add position at 2453

Took out some ugly positions and added.

If all goes well then I wanna hold it until at least Asian. London I will be asleep otherwise could even hold there. If all goes well that is.

Took partials. Limit order 0.05 position at 2487

Many good things and many mistakes that I made with this trade. These will become lessons to learn for the future.
First is 2nd leg is dangerous and can end anytime. Be cautious. It can end anytime. I have to be happy with some profits that the market is willing to give.
Greed and trying to hit home run is what is causing me my otherwise good trades to fail. Deeper problem might be that I wanna get rich quick and I wanna be a hero.
TP skill needs improvement. This is the recurring theme. I am in a loop making same mistake. Shutter Island all over again.
This is why I came back down to this lot size. To improve and fix my mistakes.
I will do what Mr. Pat Chiko does.
After taking partials, set a final target and set stops to positive. Market now should either hit your final target if you are lucky or stop you out for no loss. Also post a picture here with clearly visible realistic TP target and stops to positive.

Big losses killed all my gains. I think i am overall negative still -8$. some trades missing here from yesterday morning where I took a small gain first and a loss.
I let a trade go 42 pips up and from there I let it go down 64 pips. I did manage to latch onto a sell trade this morning however. This time though I cashed it out. Now i am waiting for a pullback for 2nd leg bear continuation.

I guess there is not 2nd leg bears. I will leave this 2426 buy limit and sleep

I am gonna sell it here and see if it works

HOpefully this is the high of the week/ High of the day

Fuckin hell. I should have done 0.1 and instead did 1 lot.

Closed for now to take the risk off. Final TP 2426.