MY Journal-phil13

for anyone who may be interested i often listen to this while i trade, i find it help me focus on my strategy while trading.

re entered with an attack, i was wrong to remove the scout, this is where you need to let go of 'ego' all that matters is collecting pips.



this is one i have not caught the first run in so only have a scout in the field, thats trading for you!





i do also have other trades going but i will only document the ones from entries to full exits.

adapt, adjust, overcome and do not gamble.

Attached Image (click to enlarge)

now scouting the one i was watching.

ok, calling it day on this pair now, looks like buyers are entering??, i will not trade this pair again today as i can feel a bias creeping in to mind and that will affect my judgement if i continue.

Lookin good my friend. Hope the surgery went well and you don't have anymore pain. I have been there, and it sucks.

hi Mike

thanks my friend, go in this friday, can't wait, i will be out sunday (hopefully).

sending in the troops on this one now...

i am having to end my trades daily at the moment because i can not trade thursday, friday and possible some/all of next week and do not want get anything in a position where i have to continue to scale/skew in, so i am cutting this one now (but i have a feeling it may be to early), i also removed the loan scout in eur/gbp earlier.

Good stuff Phil


V

hi Vic

some of what i learnt is also down to you and the advice you gave me when i first came to the 'TAF' thread, thank you my friend.

i did nothing...u did everything.....its good to see ur progress...

V

hi Vic

you are to kind my friend, you did more then you know to get me on the right path .




ok, new day/new dawn and all that. today my mindset is disturbed, i will not physically trade. recognizing this fact can/will save me from making mistakes and loosing pips, to me this is a trade, probably more important than physically buying and selling in the market.

what i will do is look at/highlight the mistake i made yesterday and document a trade i have seen today that looks good, but it is not.

this is the mistake..... not because i did not rinse every last pip out of it but i exited it wrongly, why? i was watching M15, i forgot to change up to H1 once i had my entry! so i saw noise not a reason to exit (this was my first clue that my mindset was getting disturb).
the second chart shows H1 and i have marked where i should of considered my options (exit or scale/skew down).






here is a trade i would not take.....








have fun all and i will post more next week now.

OK... out of hospital now with no problems all went well, i have a some soreness and pain where the operation was carried out but i feel OK, i can not see why i should not trade from tomorrow, but i will re-assess my situation in the morning, i will be trading with smaller sizes/skews because of what i have just been through as i am well aware this may effect my trading decisions/mindset, so it is better to play it safe for the next few days with the smaller sizes.

i will be watching four pairs tomorrow for opportunities, here is just one of them with my basic plan laid out, which of course could change depending on what the market does.

Glad to hear that all went well. Hope that takes care of the issue once and for all.

Good trading to you tom.

hi mike

thanks my friend, starting to feel better now.



scouting..... first entry of the day so far.

sending in the troops.....

time to send in a few more troops....

news on this later during my overnight, so i have two choices, remove a trade or use a stop, i am using a stop for one of the three trades.

we have moved down quite a bit now, so i have move stops to break even on both the bigger trades just leaving the scout exposed.

see you in the morning now...