Monitoring my psyche: Yaed's journal

Want some ACTUAL examples with some real money? Ok lets go back to yesterday...

Wow im glad i wasnt trading london session today, super boring.
But i will trade tomorrow, wednesday and about half of thursday. Have a job interview and gotta have our car checked on thursday. Then on friday im working day job.
Next week is cool though, trading all week.

If you want to trade succesfully, you should not have a lot of preconceptions. You should not look around a bit and then arrive at the conclusion that you want to trade for intraday or weeks. That you want X to be TP and Y to SL. That you want your risk/reward to be A and B. That you want your probability or what ever to be this or that. Because these are things you slowly arrive at AFTER some succes trading, and NOT before.

So read the PA, dont just think you can PERSUADE the candlesticks to behave this way or that way just cause you want it too.

I will take myself as an example and you can see this in my threads:

I wanted to trade looking at M1 because i thought there was lots of places to get in and out and that means a lot of statistics and a lot of training to be done in a short amount of time. Why did i arrive at this conclusion? I ASSUMED it could be done and that it was a prudent way to act, BEFORE i had the evidence to assume that. I did this for a LONG time. And then i went on and did some other stupid things and on and on.

Picture formats of supposed high quality just blurs the pixels. Makes things less precise. I dont understand what is "high quality" about that.


So uuuh, the fishing goes on. The last move gives a clue about the next. If say one side had a good run, chances are next time they get the bait there are still some more power to that side. Its not certain and so on, especially if we get to an area that have not been traded in 24+ hours. If that occurs the waters are a bit unknown so to speak.

So this applies no matter if im using one or several positions. Meaning if i enter a sell lets say, and it has a good run, the next time buyers gets the bait, chances are they aint go that much power behind it. So maybe i the sell open even though the buyers have taken the bait and i just sit and see where it goes. Get it?

Uh well sort of, i need to stick to this for a couple of days. Or rather maybe i should say i need to get back to this logic. I had it but i lost it. Ive been using it for a long time only not so... eeerh... clear.

And by that i mean:

http://www.forexfactory.com/attachme...0&d=1430842351

I gotta fess up i have been an idiot. I have been extremely clever as well. And everything in between. I havent done heroin, yet, but it was not far from it from time to time.

Interesting though is the circumstances of this breakthrough: Im tired, ive slept very little. Im quite agitated and weary in general. I am fearfull for my and my familys future as i know i will go totally insane if i need to work many more days of my day job. I mean i work with people who dont know how to turn off a normal TV. And im talking this is my co-workers. Meaning they are NOT the brightest tools in the shed. Concerning what actions CAN be taken in their lives things go from:

Eating.
Sleeping.
Cooking.
Going to work.
Going home.

The other things are mostly done in order to pass time in between the other acts.
Im more like:

Read philosphy.
Write theater scripts.
Write poetry.
Read poetry.
Take a walk.
Drink Coffee.
Analyze E/G.
Write philosphy.
Talk to a friend on the phone.
Smoke a ciggarette.
Work out.
Read physics.
Write philosphy.
Do computer art.
Surf dead bodies.
Surf street fights.
Study martial arts.
Smoke a cigarette.
Read philosphy.

And then maybe get my son from Kindergarden.
Play with my son.
Ask my son weird things.
Teach my son new words.
Make food.
Clean up after my son.
Call my woman.
Watch nation geographic with my son.
Read books to my son.
Lights out for my son.
Analyze E/G.
Have a ciggarette.
Drink tea.
Play computergames.

I mean, eat sleep and what ever are things i do IN BETWEEN the other things. I just sort of show it in there inbetween. Dong get me wrong i like eating and what ever. Sleeping is pretty cool too. But my natural thing is to act.

If i wasnt so occupied with this money thing i would have to work out. The smoking would have to go in that case.

Why? In practice you cant expect any more then 3 pip win after spread is paid.

ETX wont let me do anything with my positions.
This is crap.

Having a go at E/U today. EG and EU moved pretty much exactly the same yesterday so... Double the volatility, lesser spread...
Or to be precise: The ratio of (move/volatility) to (spread) in EU compared to EG is almost:
EU: (2) (1)
EG: (1) (1)
When they are compared.

Roughly speaking yesterday was +250 on EG and +500 on EU.
The same ratio holds for lower timeframes. Meaning when EG moved say 100 pip in one hour, EU moved 200.

Notes to self as of December 18th

Previous night, 16th to 17th i had a very vivid dream of two guys making a "game". Might be me and mister T. Not sure.

Technical note: Pick most probable direction, exclude the other one. Follow H1 direction (as per "Simple PA" sketch, not the closed candle bullshit crowd people think about). If i do that i could go to + 150 pip daily average. Meaning that i shouldnt just follow it where ever PA is going, there are unseen things to it. Meaning there are an expectation function to it.

This timeframe thing is something i think a lot of people are getting all wrong.
In 10 seconds things can happen that should make you want to keep a position for roughly 3 hours, BOTH ways.
And this can occur within the space of almost ANY 10 second period.
Do that math...
And yes, that means you cant "check in" once in a while and "see how its doing".
That doesnt necessarily mean you cant place a trade and leave for 3 hours, only you need to REALLY know what you are doing and have a VERY great deal of confidence in the trade.