Alifari's Trading Journal

False Break (FB) Template & Indicators

Quasimodo (QM) Template & Indicators

AUDJPY M30 - Sell market order at M30 Supply Zone.

Sell Market : 88.45
Stop Loss : 88.58 (13 pips)
Take Profit : 87.64 (81 pips)

Trade Result : +6.23R

FTB (First Time Back) Template & Indicators

QM Levels - M15 timeframe

QM Levels - M15 timeframe

DRT + H1 supply zone sell limit trade on USDCAD

Entry : 1.3040
Stop Loss : 1.3090 (50 pips)
Take Profit : 1.2876 (164 pips)

Trade Result : +3.28R

Chart Example - DRT levels some worked some didn't, but important thing is to keep analyzing and learn from these charts.

Nice UC short, i was exactly ur opposite trade, and loss, lol

as you said, some DRT worked, while others not, what's your telling of the difference (or why)?

Hi, Ali:

in your arsenal, do you have an alert indicator?

something that sends an alert to your cellphone when price reaches a certain level?

I tried some on FF, but not quite suitable to my needs. I cannot have a pc running all day long to run an indicator/MT4 to that purpose too. MT4 default alert has problem with my phone (don't know why)......

What's your solution? I bet you don't sit by a PC all day long

thanks in advance.

In my book all four DRT setup were valid setup, regardless of the the end result. I don't give much attention as to why a setup worked or why it didn't work. The reason is even the A+ setup fail and some mediocre setup could work well.

The question I ask myself, when I see a setup is, if similar scenario will occur 100 times and I trade each scenario will I be profitable in the long run. I always think in terms of probabilities and that takes the pressure out of a single trade.

I use MT4 push notifications on my cellphone. However, if you are having problem with MT4 alert then try NetDania, I used it for a while and it worked well. http://www.netdania.com/mobile/

Chart example - M15 QM setup.

Chart example - M15 FTB

Failed DRT trade could also be traded on the retest of the level from other side. The important thing for a trader is to remain unbiased and trade what the price action is showing. It's not revenge trading it's logical trading.

DRT D1 trade opportunity.

FTB D1 trade opportunities.

Chart example - H1 FB "Don't be afraid of losing, be afraid of playing a game and not learning something"

QM H4 - trades opportunities for coming weeks + some past week levels.

Some quotes by Chess Players, but one could also relate this to trading.

Every Chess master was once a beginner. - Irving Chernev

Losing can persuade you to change what doesn't need to be changed, and winning can convince you everything is fine even if you are on the brink of disaster. - Garry Kasparov

If the student forces himself to examine all the moves that smite, however absurd they look at first glance, he is on the way to becoming a master of tactics. - Cecil Purdy

Setbacks and losses are both inevitable and essential if you're going to improve and become a good, even great, competitor. The art is in avoiding catastrophic losses in the key battles. - Garry Kasparov

You may learn much more from a game you lose than from a game you win. You will have to lose hundreds of games before becoming a good player. - Jose Capablanca

Most players ... do not like losing, and consider defeat as something shameful. This is a wrong attitude. Those who wish to perfect themselves must regard their losses as lessons and learn from them what sorts of things to avoid in the future. - Jose Capablanca

Lack of patience is probably the most common reason for losing a game, or drawing games that should have been won. - Bent Larsen

You work for a long period of time and the results don't really show, but at some point everything just comes together and you start to play better, or get more confidence. - Fabiano Caruana

Just as the pianist practices the most complicated pieces to improve the technique of his fingers, so too a grandmaster must keep his vision in trim by daily analysis of positions with sharp possibilities, and this applies whether he prefers such positions in his play or not. - Alexander Kotov

The psychological effects of having to hold a prospectless position for what might seem an infinite amount of time does nothing to aid the defender's concentration. - Michael Stean

He who has a slight disadvantage plays more attentively, inventively and more boldly than his antagonist who either takes it easy or aspires after too much. Thus a slight disadvantage is very frequently seen to convert into a good, solid advantage. - Emanuel Lasker

Emotional instability can be one of the factors giving rise to a failure by chess players in important duels. Under the influence of surging emotions (and not necessarily negative ones) we sometimes lose concentration and stop objectively evaluating the events that are taking place on the board. - Mark Dvoretsky

How come the little things bother you when you are in a bad position? They don't bother you in good positions. - Yasser Seirawan

By strictly observing Botvinnik's rule regarding the thorough analysis of one's own games, with the years I have come to realize that this provides the foundation for the continuous development of chess mastery. - Garry Kasparov

It is hardly useful if you trustingly play through variation after variation from a book. It is a great deal more useful and more interesting if you take part actively in the analysis, find something yourself, and try to refute some of the author's conclusions. - Mark Dvoretsky

I claim that nothing else is so effective in encouraging the growth of chess strength as such independent analysis, both of the games of the great players and your own. - Mikhail Botvinnik

Good players develop a tactical instinct, a sense of what is possible or likely and what is not worth calculating. - Samuel Reshevsky

Anyone who wishes to learn how to play chess well must make himself or herself thoroughly conversant with the play in positions where the players have castled on opposite sides. - Alexander Kotov

The main thing that develops positional judgement, that perfects it and makes it many-sided, is detailed analytical work, sensible tournament practice, a self-critical attitude to your games and a rooting out of all the defects in your play. - Alexander Kotov

That's what chess is all about. One day you give your opponent a lesson, the next day he gives you one. - Bobby Fischer

The key to ultimate success is the determination to progress day by day. - Edmar Mednis

People who want to improve should take their defeats as lessons, and endeavor to learn what to avoid in the future. You must also have the courage of your convictions. If you think your move is good, make it. - Jose Capablanca

You sit at the board and suddenly your heart leaps. Your hand trembles to pick up the piece and move it. But what Chess teaches you is that you must sit there calmly and think about whether it's really a good idea and whether there are other better ideas. - Stanley Kubrick