Nikkei cruising

When they say you're as good as your last trade,
How true that is,

Because you never know what tomorrow will bring,
But when the times comes,

I now know better to follow that voice,
But respect exposure,

Because like I said while there is a definite direction,
There's still a certain degree of uncertainty,

But don't be a pig,
You must pick a side!
And by that I mean learn to "feel" where they're trying to guide price,

I know "feel" is such a vague word,
But concerning such a complex system as stock trading,
This is the best you'll get,

And don't get me wrong,
When an adverse move occurs which sometimes it evidently does!
I sit while I witness complete meltdown of my logical mind,
You don't know what it does,
But I've learnt to sit through that,
All of that negative self talk,

But the biggest lesson of all,
Is to let go...
There's really nothing you can do about it,
If there's an irresistible force wanting to take price a certain direction,
It will no matter what,
You just have to learn to identify that,
And learn to let go...

Easier said than done.
But it is trading in a nutshell.

its not perfect
but that was a +98p day

I could do better
but gotta give credit where its due
it was hell of a day

usually Nikkei settles after 1 reversal but today for whatever reason
it decided to form a broadening then darvas and another REVERSAL after that darvas confirmation totaling 4 reversals!!

if you can't move fast or second doubt you decision you're done for
I guess this is the epitome of "the most challenging day"
and if you can get past that and understand every single candle and the formations they create

you're all set.

but always please always check your ego in place.
never override what you see on the chart.
just follow.

PS: but I could have bagged my 200p you've done well today but do better tomorrow !! broadening and darvas formations can be difficult but I now know how they work!

+12p more.

done.

Ain't nobody cares including me,

But finally learned to find the absolute top/bottom on my given TF for the day...

Waiting for a test above 38264 and a break above 38363 to set my target and I'll be done for the day.


PS: took me so long /10y/ to figure all of this out that I feel nothing when I finally did.

oops SL hit -30p reversed bottom was taken out.

b*st*rds formed a broadening a continuation of downward move

I guess anything can and will happen

never say never!

but this time we really had a LL LH test and a resolution.

PS: you really need to learn to protect your butt if you want to make a buck.

out +150p

there's no need to make life difficult for yourself.
just go by 100p from each high or low.

hit the target for the day and call it a day.

+150p out

there's no need to make life difficult for yourself
just hit the target for the day and call it a day

bring home the bread and butter thats all
ain't nobody cares how good you are including me of course .

And how's that

First clue,
its for bulls

waiting for Tokyo open for the actual entry.


PS: I guess I wanted to demonstrate "something" who knows how long I'll keep up the journal.

just go home,
will ya ?

wasn't talking to you,
I keep this journal to talk to myself.

Price doesn't move up or down in a straight line - we all know that
But there's a constant battle between bulls and bears - so it isn't so simple to gauge where its headed at a single glance
You have to continuously probe and trade on both sides - in other words be flexible ready to turn on cue

Thats why people lose - we all fail to adapt to changing conditions
I wanted to find something that was foolproof all these years, once its a buy its a buy kind of thing no matter what and I failed at that spectacularly
And suddenly it dawned on me why do you think "broadening pattern" or "darvas pattern" exists ?

Everything can fail or reverse... the end result is never determined its a constant oscillation between supply and demand there's no fixed shape it'll take whatever form it pleases and will push on endlessly between supply and demand. In hindsight people will gasp at what a bull run that was or vice versa.

At the end of the day, I'm a trader I don't care if it goes up or down or if its a bull run or bear run I'm here to make a buck whilst following the wave. I'd rather not think but just react to the signs it gives and when you really begin to understand the language it speaks you can follow the whole thing with ease

"is it really possible to follow the whole damn thing up and down till eternity" ? I think so, I think so. And me too I'm both baffled and astonished. But truth often is stranger than fiction.

sold it btw from 39270 bears are taking over for now target 100p

went long from previous resistance turned support bulls are in vogue for now.
target 39256 area.

once this hits target I'll attempt to catch the top and will try to stay till the next reversal.

I think thats how trading should be for me at least anyways. And trust me I've tried almost everything and this is turning out to be the way to trade again in my experiece.

20 odd minutes to Tokyo open,
this might stall a bit till then.

out +30p

I think that gap down at the open is creating some sort of conflict not so confident in bulls anymore.

I think this is the absolute top.
I was right about the opening gap.

so it really influences the target for previous trend end.

out from previous short +65p

in again trading the first retrace up.

now the trend is down.

but we need a full confirmation below 39071 or could be few points below or above it retrace wave will dictate that !

out -10p
something is amiss.
I think its going down without a proper test.
very strange.

went short.
for me trend is confirmed.

target for this leg 38802.

just wow.
it never cease to amaze me.
infinite number combinations.

I think I'm going to let one position run and the other close at 802.
so much for me for catching "the top"
merely managed to enter on a confirmation
oh don't be so hard on yourself its already too damn difficult make 50p day in and day out.