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Gejordan Weekly Journal

  • #221
  • Aug 12, 2016 12:06pm Aug 12, 2016 12:06pm
Nice market structure trade Mike.
It's a dirty job but someone's gotta do it!
  • #222
  • Aug 12, 2016 12:22pm Aug 12, 2016 12:22pm
Quoting LaBoca
Nice market structure trade Mike.
agreed, nice one
Be bullish on you.
  • #223
  • Aug 13, 2016 4:26am Aug 13, 2016 4:26am
hey Mike and anyone else that may drive by.......This may help!

Inserted Video


Shame the original thread is not easy to access anymore.
It's a dirty job but someone's gotta do it!
  • #224
  • Aug 13, 2016 6:35am Aug 13, 2016 6:35am
Quoting LaBoca
hey Mike and anyone else that may drive by.......This may help! https://www.youtube.com/watch?v=9XzW4DFQOwM Shame the original thread is not easy to access anymore.
The goofball who made that video used the term "winning trades", I wish he would have been saying "profitable trades" in place of that. I would encourage each of you to use the phrases profitable and non-profitable in place of winning and losing. Quit reminding me how long I have been on here LaBoca.
Be bullish on you.
  • #225
  • Aug 13, 2016 3:41pm Aug 13, 2016 3:41pm
Quoting gejordan
{quote} The goofball who made that video used the term "winning trades", I wish he would have been saying "profitable trades" in place of that. I would encourage each of you to use the phrases profitable and non-profitable in place of winning and losing. Quit reminding me how long I have been on here LaBoca.
Great reminder!!! Thanks LaBoca & G!
  • #226
  • Aug 13, 2016 6:08pm Aug 13, 2016 6:08pm
'Quit reminding me how long I have been on here.......' lmao

You can check out anytime you want but you can never leave!

G don't be too hard on that Goofball

That Goofball is a rare bread on FF! One of only a few traders that can trade and teach

Who knows maybe that Goofball may do a one off special offer limited edition video series and then you'll have to apologise to him for calling him a Goofball.
It's a dirty job but someone's gotta do it!
  • #227
  • Aug 13, 2016 10:58pm Aug 13, 2016 10:58pm
Quoting LaBoca
'Quit reminding me how long I have been on here.......' lmao You can check out anytime you want but you can never leave! G don't be too hard on that Goofball That Goofball is a rare bread on FF! One of only a few traders that can trade and teach Who knows maybe that Goofball may do a one off special offer limited edition video series and then you'll have to apologise to him for calling him a Goofball.
LOL!!
  • #228
  • Aug 15, 2016 2:36am Aug 15, 2016 2:36am
Got clear.
Took a long loss on GJ.
Attached Image
  • #229
  • Aug 15, 2016 10:04am Aug 15, 2016 10:04am
Quoting mikepip
Got clear. Took a long loss on GJ. {image}
So look at your pairs and tell me which one would have been the best to trade and why. Note, the answer has nothing to do with direction price was moving at the time. Note 2, GJ was not it. And then also tell me why you wanted to trade GJ. Don't give me a technical trading answer... tell me why.
Be bullish on you.
  • #230
  • Aug 15, 2016 12:11pm Aug 15, 2016 12:11pm
Quoting gejordan
{quote} So look at your pairs and tell me which one would have been the best to trade and why. Note, the answer has nothing to do with direction price was moving at the time. Note 2, GJ was not it. And then also tell me why you wanted to trade GJ. Don't give me a technical trading answer... tell me why.
EJ or EU were both less risk to trade long.
I wanted to trade GJ because it was the first setup of the yen pairs and it was still following my Long rules as opposed to EJ at the time.
  • #231
  • Aug 15, 2016 12:13pm Aug 15, 2016 12:13pm
Quoting mikepip
{quote} EJ or EU were both less risk to trade long. I wanted to trade GJ because it was the first setup and it was still following my Long rules as opposed to EJ at the time.
the answer was GU (that is one of your 4, correct?), tell me why
Be bullish on you.
  • #232
  • Aug 15, 2016 12:15pm Aug 15, 2016 12:15pm
Quoting gejordan
{quote} the answer was GU (that is one of your 4, correct?), tell me why
10:15? if so, i was already in.
that was similar to trade the other day.
  • #233
  • Aug 15, 2016 12:46pm Aug 15, 2016 12:46pm
Quoting mikepip
{quote} 10:15? if so, i was already in. that was similar to trade the other day.
I asked you why GU was the best of your 4 and you give me a time of day? I must be in the twilight zone
Be bullish on you.
  • #234
  • Aug 15, 2016 12:48pm Aug 15, 2016 12:48pm
Quoting mikepip
{quote} 10:15? if so, i was already in. that was similar to trade the other day.
That trade also had the lowest risk and the best set up
  • #235
  • Aug 15, 2016 12:54pm Aug 15, 2016 12:54pm
Quoting mikepip
{quote} That trade also had the lowest risk and the best set up
are you looking at your charts or just shooting me some bs? if you aren't at your charts, just tell me the answer later when you get there....

"lowest risk and best setup" - wanna expand on that?

LaBoca - mike's giving me a headache
Be bullish on you.
  • #236
  • Aug 15, 2016 1:08pm Aug 15, 2016 1:08pm
Quoting gejordan
{quote} are you looking at your charts or just shooting me some bs? if you aren't at your charts, just tell me the answer later when you get there.... "lowest risk and best setup" - wanna expand on that? LaBoca - mike's giving me a headache
I am no longer at my charts but I know that GU was at the top of that area near the pivot and gave a bearish engulfing candle. That set up short was low risk and the best set up.
  • #237
  • Aug 15, 2016 1:33pm Aug 15, 2016 1:33pm
Quoting mikepip
{quote} I am no longer at my charts but I know that GU was at the top of that area near the pivot and gave a bearish engulfing candle. That set up short was low risk and the best set up.
For everyone's benefit, here is what mikepip and I are discussing the last few posts:

Mike's biggest problem is prioritizing risk. This means he is focused more on the action of taking a trade (pushing buy or sell) than anything else. This is natural, it is probably the biggest problem of nearly everyone who will ever read this. Pushing the button is what we control in this entire industry of uncertainty. We have no control over anything except for whether or not we trade and by exercising this control we get to show everyone how smart we are, how good we are, etc. Unfortunately, sometimes we push the button and we end up feeling bad. We lose money, we don't make enough money, we give back too much money, we push at a bad time, etc. BUT, even though we control it, it often ends up controlling us.

So, Mike has strings of success, but never makes any/enough money. We have easily learned that this is (1) because he regularly takes on too much risk, see his early posted trades, and (2) he pushes the button too much when he is in the wrong mindset, see post 187, and (3) He has gotten lazy about preparing.

Mike only trades for a few hours around London open and then has to call it a day. So, as you have seen if you read this thread, I have given him a task to do to help with #2. I talked to him the other night about #3. So he is down to 4 pairs, which will help with #3, and I want him to trade those right now until he masters #1.

So, Mike traded GJ today during his time, but I questioned him. Not because he took a loss, but because if you look across his 4 pairs, GJ wasn't the best risk. As Mike said, "it was the first setup of the yen pairs". Nobody told him to prioritize yen pairs, and he also said first setup. I didn't see an answer about risk and I spent a good hour talking to him the other night making him repeat that risk needs to be his primary thought right now so he will give it importance in his trading brain.

He's still not quite there, and I am not picking on him, I post this because I guess most of you who take the time to read this, might not be there either and I hope this helps you think about your own trading and possibly apply some of what I mention. Not doing this thread for my health, cause Mikepip is killing me.
Be bullish on you.
  • #238
  • Aug 15, 2016 5:15pm Aug 15, 2016 5:15pm
Mike, please don't kill G coz by the end of this year if I have not shown consistency then I will need G to mentor me.....you see Mike you are never alone!

G, I thought being a mentor mean't you subject your pupil pain, not the other way round?

Mike, I don't know the 4 pairs you are trading nor do I know your rules (like only allowed 1 trade at a time etc....) but maybe you should 'Get Clear' and list reasons why not to trade the pairs in question and then take the trade that you feel has the best probability compared to the others if your rules dictate. Planning it out and putting it down on paper may help you (and maybe G) better understand the thought process prior to 'pushing that button'.

And you may not get a chance to push that button every day.

Also Mike, what you are doing is far tougher then it looks as it's a open book here. Well done!
It's a dirty job but someone's gotta do it!
  • #239
  • Aug 15, 2016 6:30pm Aug 15, 2016 6:30pm
Quoting LaBoca
Mike, please don't kill G coz by the end of this year if I have not shown consistency then I will need G to mentor me.....you see Mike you are never alone! G, I thought being a mentor mean't you subject your pupil pain, not the other way round? Mike, I don't know the 4 pairs you are trading nor do I know your rules (like only allowed 1 trade at a time etc....) but maybe you should 'Get Clear' and list reasons why not to trade the pairs in question and then take the trade that you feel has the best probability compared to the others if your rules...
Trust me, I know why Mike is doing what he is doing, how? I did it. He just has to become aware in the moment and changes will occur. Today's reminder for him was simply about 3 pairs being in the middle of a range and one pair on the edge with price action. Anyone that follows me knows why we choose the one and not the three. But Mike is still not really clear, so he chose one of the three and not the one. But he'll get there.

NOW... LaBoca used a magical word... "feel". And he gave an almost genius suggestion that any neuroscience practitioner would love (just needs a small tweak). But Mike's not quite ready for that yet. Mike has to exercise some more demons. We'll mark this post and come back to the concept of feeling and how to feel and trade successfully when Mike is ready.

Finally, what did Mike do well today? He kept the loss small (one kind of risk). So, Mike actually did fine today, the pair moved almost 90 pips against his entry, he only got hit with 15, not the 40+ from the beginning of this exercise... that is already making a big difference in his trading.
Be bullish on you.
  • #240
  • Aug 17, 2016 1:43am Aug 17, 2016 1:43am
Got clear.
Traded EJ short.
Got hit out at b/e.
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