Nikkei cruising

I was wrong about potential bear zone clearly it was 37787!

anyhow.
trend is down and its friday.

Trading the retrace wave up
Target 37595 but I suspect they might be wanting to close that gap

I'm a bear but for now a bull.

PS: I don't know about you but when I think $ in trading it usually turns me into an emotional wreck ! and I begin to gamble. Thinking rationally and taking into account the fundamental structure of charts keep me sane. Target must be accurate for any given trades, $ is secondary if you've done everything right they'll come dare I say effortlessly, I struggle with fear greed and hope because I'm only human but after years of defeat I feel I've reached the last frontier - just follow the freaking flow now that you've understood the structure of a trend, and can actually "see" it on a bare chart thats your only guide.

Enough ramble for now.

Would have been a long setup with initial support at 35800 but Nikkei opened with a gap down and thats a continuation signal.
So in short all that to say I'm a bear.

You know yesterday was a peculiar day, I was a bear too, and after much error I thought I had found a way to time my entries exactly but alas market has shown me I wasn't yet done ! still had a spike up after my bear entries and better yet it didn't hit target ! so I had to exit at a meager profit but thankful that it was a green day nevertheless.

Thats a lot of adverse movement to be sitting through not to mention lost opportunities and I also knew placing tight sl's turned out to be counterproductive so either I had find the exact point to enter OR have enough margin to sit through any possible spikes up or down.

I think the decision has been reached, I will try to find the best entry it's a tall order after having been through what I have been through to find the right direction of a move but I have to finish what I have started and do it the right way reaching closer to perfection.

Its happening !
short entry first attempt who knows if I need to adjust this we'll see.
my R is 35852

it breached my R out -12p
waiting for re entry 35884 higher

Looks like this happens when there are trapped traders with big pockets,
they're trying to fill the gap underneath

It's tempting to go long to 35884 still a 30p move, but nah I need to draw a line somewhere - like be on the right side of a move, never risk beyond a certain % of your account on a single trade etc. I need to have clear set rules because lets face it reading form is as abstract as it'll get maybe levels are clearer you could argue but reading those forms is I think very abstract you have to make sense of something thats almost "non sensical" gives me the jitters every time. But you begin to trust your convictions.

re entry but lower !

abstract, abstract I take that as a lower entry.

you see that lower support should have held but it didn't thats why.

usually the second entry goes away we'll see.

second R breached but I won't exit out of this short.
I have my reason to believe its okay.

Looks like perfection doesn't exist.
But this my closest shot.

Still went against 50p
Not out of the woods yet, really until you take profit for the day as I've seen yd.

Looks like perfection doesn't exist.

The best we can hope for is consistency.... Great journal btw

great !
another spike up.

like I said I'm not meddling with this anymore I might break

Thank you T.

just trying to survive.

I know its a holiday for Nikkei but if it moves I trade.

It still spiked!!!

for a while there as it was going up from 35838 breaking through 35870 not going to lie my mind went blank.

it still happpens and I begin to wonder why do I put myself through this hell day after day.

did I get the direction wrong , did I miss something and I begin to trail everything back just eyeballing it thinking to myself.

and you come back with "I wasn't wrong about the direction but why the spike again" !

think I have an explanation but whatever the reason maybe I've learnt to never divert from my initial reaction to the form.
/as soon as you change position when things get tough you get slaughtered at least thats been my experience/

so much BS I know but this is the thought process of being a trader at least in my experience.

you go through this every single day without fail even after 10 years.

PS: Maybe all this is trying to teach me a life lesson too, just stay through the storm you'll come up alive.

I had to cut the cord at about -150p

What a lesson.

Looks like I've got more to learn.

Another humbling day.

Trying to work out where I went wrong and what I missed.

I clearly can't just run a trade against me like that that far because they can turn against you just like that !
In another words bias can change.
So my solution to that would be either I move with it nimbly or get in when the trade is already established.

For now the second option seems much more appealing than the first just because its less complicated but the caveat is that I'll have to wait until it happens where as with the first option you can set a target take what you aim and call it a day quickly. Thats the end goal but for now like I said I must focus on whats easier for me and my account.

I think I'm onto something.
Contradicting my previous post.

But here is a short trade target 35818.

Bias is bullish but if that last S don't hold then its bears game.

Out +120.

I was right about reading the form and detecting the key levels.

But got the entry wrong , had to wait for a full confirmation.

+38p more.

done.

keep it short and sweet.

Upper R is my area of interest this morning.
No gap.

So i just need to watch closely what happens around here looks like could be going up but I need full confirmation.

Look at that gap not the opening or the ascent but on the descent gap is a gap and there're rules to be abided around that *learnt it the hard way*.

Does it mean anything. I think so.

Should have been an up setup but that spells trouble for bulls.