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Gamera
Market Wizard-
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Everything posted by Gamera
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Prep and actions for the 2nd.
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Prep and actions for the 1st of November.
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Prep and actions for the 31st, made a mountain out of a molehill on trade 2 with micromanaging the trade.
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Actions for the 30th, no prep as such as I was not around at the open.
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Prep and actions for the 27th.
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Prep and actions for the 26th, Sometimes I blow my own mind, I picked the trades, I just cant manage my way out of a wet paper bag. Trade 1 stop out was per the rules, trade 2 hesitation seemed like chop = exit, there was no way I was touching the trade 6 minutes after trade 2 exit, and I shake my head at trade 3.
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Prep and actions for the 25th, I had maintenance work being down which left me too distracted to really make anything of the day.
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Prep and actions for the 24th, saw the bottom go in but may have over managed both trades.
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Prep and actions for the 23rd.
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Prep and actions for the 19th, big miss prior to trade 1 and a weak exit on 3.
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Prep and actions for the 18th, I've had concerns for a while that price could go back into a grind similar to the start of the year with lots of back fill and chop during the session, not that this is an example, its just a thought as price pushes higher again.
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Prep and action for the 17th, got tangled in an area where price was likely to chop and the results show.
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Prep and actions for the 16th, patience was a little lacking on trade two I think.
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Prep and actions for the 13th.
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Prep and actions for the 12th.
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Prep and actions for the 11th, I seem to have a near inexhaustible list of excuses/reasons to not take trades when I see them.
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Prep and actions for the 10th.
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Prep and actions for the 9th, with price seemingly chopping I shut down soon after trade 1.
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z, I'll try to answer as best I can. The idea was always to move stops if I happened to take a trade that went in one direction or the other, trailing the stops behind each retracement until price got an area where it was likely to do something different and perhaps changing the position depending on the price behaviour. At the end of August I took some time to think about what some of the problems I was having were, one of the biggest was how I react in the opening minutes of a trade. I have an expectation of how price should behave once a trade is triggered, this is something gained from lots of observation. Most trades I took were not behaving as I would expect which puts me under pressure immediately and gets the emotions overly involved in the decision making process, hence the knee jerk reactions and overthinking. I believe the problem behind this was down to my entries, I needed so much confirmation that I was taking the 3rd or 4th trigger which was often at a point where price was likely to chop and backfill putting me under pressure (price is not doing what I expect, what gives) 10 second triggers would move into 1 minute rets, which is normal but not what one expects giving the premise of the trade at hand. Having seen late entries as a problem I took the route of marginal gains and have tried to take the first entries (trying to practice better at this but I find myself a little resistant at times). If the thesis about the trade is correct PA behaves as expected (it goes) and this has taken a lot of the pressure off as I have breathing room to think about things more objectively, I can also employ tighter initial stops which helps. Once the trade is underway its just a case of watching the PA for anything that suggests the run has come to an end. September was a positive month which is something I've not been able to say for a while, whether I can sustain that through this month is something to be seen but all I can say is that taking the earlier entries led to a lot less stress and a more positive outcome. G
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Prep and actions for the 6th.
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Prep and actions for the 5th, no trades for the 4th.
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Prep and actions for the 3rd.
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Prep and actions for the 2nd, I could see price rolling over but couldn't figure out how/where to get involved, ended up watching.
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Prep and actions for the 29th. Despite the PA suggesting flipping the trades I took, I exited to flat on both.
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Prep and actions for the 28th, missed the opening minutes of the session and felt a little out of sorts for most of it.