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The System II (Yes with irony)
- #3,846
- Aug 20, 2009 5:53am Aug 20, 2009 5:53am
- | Joined Feb 2008 | Status: Zombie Trader | 1,406 Posts
Going back through my journal, I noticed that last Thursday I couldn't do one successful trade, much like today. DO you keep a journal of each trade you take? Look at Thursday , is there a pattern? I am curious.
GOing to trade next Thursday again, and see if it happens again. I think if I get 8 THursdays in a row of not one successful trade then I will pull it from my trading day. Kinda like a Friday afternoon (afternoon GMT I mean, I am in Sydney here , so afternoon is still morning
)
GOing to trade next Thursday again, and see if it happens again. I think if I get 8 THursdays in a row of not one successful trade then I will pull it from my trading day. Kinda like a Friday afternoon (afternoon GMT I mean, I am in Sydney here , so afternoon is still morning
)Well that's it for me guys.. recepie for today is quick scalping, not my style..lol.. britsss could not do worth of shit today maybe better luck with yankesssss.. however I rather go play some tennis.. I am gearing up for a beign torney coming up next week..
Good luck fellows..
Survive and Preserve
- #3,847
- Edited 12:50pm Aug 20, 2009 12:01pm | Edited 12:50pm
- | Membership Revoked | Joined Feb 2009 | 2,903 Posts
Going back through my journal, I noticed that last Thursday I couldn't do one successful trade, much like today. DO you keep a journal of each trade you take? Look at Thursday , is there a pattern? I am curious.
GOing to trade next Thursday again, and see if it happens again. I think if I get 8 THursdays in a row of not one successful trade then I will pull it from my trading day. Kinda like a Friday afternoon (afternoon GMT I mean, I am in Sydney here , so afternoon is still morning
Guys,
I don't pay any attention to any type of patterns or correlations or etc.. nor keep a journal.. my journal is my monthly bottomline of howmany benjamins I have pulled out of this market..
its all mental.. I don't even want to consider or think that which days are good or bad.. what.. you find it diffictult to sit infront of computer for 6-7 hours for a day and don't make nothing.. ok.. try a 9-5 boring ass job, do the same thing everyday and get paid the same every month.. to me i am sorry but fuck all that.. (not to offend anyone).
guys, don't get cut up in daily win/loss ..winning or losing %/ratio.. counting pips or paying too much attention to details.. its your montly bottomline that matters..
breakouts can happen at anytime..anywhere in the chart and it don't matter what day of the weeks it is.. when will it happen? thats the zillion dollars question.. try to predicted? you be well waisting your time in my opinion.. so.. what can you do? just keep plugging.. stay close to the price and dance his song so when it swings away your alongside with the ride..
all you need to be concern and improve is your expectancy skill.. it will bail you out of most troubles and increases your profitability..
today I had four trades equal to four fakeouts and I lost zero.. broke even on all four of my trades.. it was all as a result of correct use of expectancy otherwise i would have got chopped around like meat in the hands of a mean butcher man.. lol.. I gave myself chances to win.. it did not happen.. not all days are going to be like yesterday.. all you can do is to keep plugging and keep your expectaions incheck..
"enteries are a way to just test the market to see if that swing will develop".. that's it.. don't have anymore expectaions than that.. practise expectancy.. over time, once you sharpen up that skill you will develop a confidence within that to rely on it even much stronger.. then go for the kill fearlessly like the way I do now..
keep it simple.. learn from todays range market as you learn from trendish days.. your expectancy skills developments process needs days like this aswell.. thats a fact.. you'll learn more on these type of days then those easy trendish ones.
let's all get ready for tomorrow.. be optimistic.. a new day.. who knows it could be the most trendish day of the year!!!
see you all tomorrow..
- #3,849
- Aug 20, 2009 4:04pm Aug 20, 2009 4:04pm
- | Joined Feb 2008 | Status: Zombie Trader | 1,406 Posts
Well, at least I wont have to worry about typing in my journal each trade now 
Keep on keeping on
Keep on keeping on
Guys,
I don't pay any attention to any type of patterns or correlations or etc.. nor keep a journal.. my journal is my monthly bottomline of howmany benjamins I have pulled out of this market..
its all mental.. I don't even want to consider or think that which days are good or bad.. what.. you find it diffictult to sit infront of computer for 6-7 hours for a day and don't make nothing.. ok.. try a 9-5 boring ass job, do the same thing everyday and get paid the same every month.. to me i am sorry but fuck all that.. (not to offend anyone).
guys,...
Survive and Preserve
Guys,
I don't pay any attention to any type of patterns or correlations or etc.. nor keep a journal.. my journal is my monthly bottomline of howmany benjamins I have pulled out of this market..
its all mental.. I don't even want to consider or think that which days are good or bad.. what.. you find it diffictult to sit infront of computer for 6-7 hours for a day and don't make nothing.. ok.. try a 9-5 boring ass job, do the same thing everyday and get paid the same every month.. to me i am sorry but fuck all that.. (not to offend anyone).
guys,...
this post really made me chill out too bad it wasnt posted at 12:00 pm today lol
Thanks achilies!
- #3,853
- Aug 21, 2009 12:40am Aug 21, 2009 12:40am
- | Membership Revoked | Joined Feb 2009 | 2,903 Posts
- #3,854
- Aug 21, 2009 1:10am Aug 21, 2009 1:10am
I hope you guys are taking full advantage of this nice up and down movement so far today ... are you in it to win it? I hope you are.. enjoy it ...
- #3,855
- Aug 21, 2009 1:42am Aug 21, 2009 1:42am
- | Joined Feb 2008 | Status: Zombie Trader | 1,406 Posts
Survive and Preserve
- #3,856
- Aug 21, 2009 1:42am Aug 21, 2009 1:42am
- | Membership Revoked | Joined Feb 2009 | 2,903 Posts
I've been enjoying very, ... very much, now I can just watch the rest of the Friday market ...
nice.. its awsome to hear that. more free time for me aswell.. taking off for the weekend get away to dubai.. (to catch up with the arbic babes..
.. ups.. shhhhhhhhh)
