another +30

I short at the break, but market slow reaction made me decided out. market then rebound up. My 2.5hr completed and close pc for the day

+30 not stay the course

Now my direction is correct with the trend , but I jumped the train too soon and lost 500 opportunity.

But I know how to rectify my mistake by adjusting the time frame.

Hammer and wedge can kill the Dracula

Again , I'm exactly at the other side of the fence on the dotted line...
may be I need to write a post-it note...

Are you Sure Up ? Do you use stop order?

When using limit order, my emotion controlling my mind

 I short the market even though there many signals to long : the ema, the line , the indicator, the hammer, the pivot. My emotion win - my brain lose.Stop loss -90 save me nearly 500 .

I dont need ABC pattern at the moment.

But I need 2 BIG RED PILLS

Trading schedule, pattern, usual mumbling

I will revised my trading schedule as follows:

Mon, Tue, and Friday : 8-10.30
Wednesday & Thursday : 8-11.00 . I missed the previous 2 days while the market long (wed) and short (thurs) at 10.30 ...when EIA news and gas report were released

Old things...Patterns are valid : SR line, triangle, hammer ( 50% position entry), pivot, next candle after doji ( need to repeat this to remind myself), line structure....

To learn new things:  so called ABC pattern...

I have 3 charts and yesterday I failed to see all 3. I focused to only 1 chart, therefore I mised the SCREAMING signal to short in 2 other charts. My mistake focusing to 1 chart only coz I'm tired.

I will maintain 1 momentum indicator only to show the MOMENTUM, not the price as I will look at the price for PRICE itself. If truly intrepreted and used MOMENTUM indicator is a Leading indicator

My mind : I have problem focusing my mind this week due to distractions. Sigh.

Smaller time frame

These 2 days market choppy and forced me to look at smaller time frame.

I will adjust my dektop layout:

from left  standard,DOM, 1 min, range

hammer candle& doji  & SR line & pivot line, Higher  Hi Lower Lo, Triangle

No trade

Difficult market environment - no trade..only SR line valid but too late to enter

+110

Long market after a downtrend...purely on support line and range break. Quite a gamble on calculated risk, 1 trade only as I'm tired

June Statement -81.23

Opinion 1: I have no more 'Afraid to Trade' syndrom. Compare trade log with last 2 months,  literally I broke the ice.

Opinion 2 : I found that my scalping style was more successful than my last 'positionin' trade that made me nett negative this month. 

Fact : Detail check with the chart revealed that actually my 'context view of the market was really bad'. I'm surprised that I took short trades in a clearly long trend and vice versa. No wonder I felt that way during live trading. I follow SMALL rules but ignore BIGGER rules. What save me from disaster this time was my trade management - cut loss short - that result as if I'm scalping.

Action: I will sim trade 1 session, with this revised mentality

-110

End of month with 1 loss trade. Evidently I'm not prepared yet for longer time frame...Longer time will bring bigger opportunity as well as bigger RISK ..hehe.

Back to scalping mode. After 4th of July, I'm ready to be an independent scalping trader, if by chance I got a 1000 usd home run, it is not because I'm a fantastic trader but it is a bonus from market..Ok I will modified my profile as a part-time scalper trader.. I will take care of my ass so my body will take care by itself (new proverb from me) .

selfNote : R - extreme &  continuation , 5min SR 

+40

Scalping 40..market doldrum before EIA report...I have a tendency to go against trend when scalping. 1 trade only like yesterday.

I need to look at 1 min time frame to look more opportunity there, by using a very simple line.

+20

Tuesday - Put a short, then market reverse -90 just 1 tick before stopped out then went down out at mini profit 20, immediately market made another wave down 220 at my intended direction...Not exactly follow my rules and trade based on UNproven chart.

Tick chart was LOOKED  nice but I need a bigger account to trade it. I tried to built a small 'hill' at the moment.

No trade

Monday - No clear middle picture, no clear signs till the extended time....and I have no time to wait as my CL trading time only 3 hours.

A tough market as only extreme SR lines could be useful and I can use this only if my account is bigger than USD 10k..... Will check with tick chart ....

Scorpion's Tail

The market had moved early and when I came to trade, choppy abound as the market at it's scorpion tail. So no trade as no signals picked up

+50 Ping Pong Day

My brain has been programmed for shortchart so much that  I refused to take signal from trendchart.
The market so full of energy - like a ping pong game - that make me tired watching so I adjust one of my chart to be 'silentchart' between 'trendchart' and 'shortchart'.

Without energy and suitable tool, I'm easily lose focus. Just 1 trade today +50

+80

Interesting market today - like playing chess.... however, due to lack of sleep I cant really focus.


Post edit : It was FOMC day ---hmm

+30

Missed the sweet spot due to distractions from my sons who need guidance for their home(school) work
But I have no regret as I enjoy their company while I can.
Scalping +30 for a cup of cappuchino and mini sandwich today.

No more blank trades

P.s. My trading hour starts at 7.45pm Malaysia time (the other side of the globe from Chicago). This is is my family active hour - dinner, tv , washing cloths, parenting...Its tough but I need to persevere...

Same mistake

Trade A 40+ and another same blunder Trade B, clicked zero contract, this time a blank long.

I didn't believe it myself.

To prevent thing like these, I reset  the properties value to go default 1 contract and enable 1 click feature.

 (Edit : too many pics...: )  I cant see it in my browser hehe..

+40

1st trade +40, 2nd trade 0 .

On 2nd trade,  I clicked the button to short but a window pop-up.   I forgot to click "1 to replace 0" contract as it is a safety precaution on my part to prevent 'accidental click'.. So it was a blank bullet and market went down without me on board.

Good thing is I followed my rules.

-80

3 trades (yeah more than 1 and max 2) :

1) -10 . fast cut a loser trade . Good.
2) -120 . Late entry and not according to my rules. Chasing market .High Risk and paid it. Bad.

3) +50 . Follow my rule, but market is out of strength already. Quite OK.

Past 2 days CL had spike trade but I not wish to comment about the market, I wanna to comment about myself.

Evidently I was not "afraid to trade" anymore....now I will focus to follow my entry rules and maintained trade management :  the fast cut....

Other then that I found that I need to keep in mind that each day I have 2 trades, not one. If  I just keep targeting 1 trade, it will put pressure to my emotion and it is definitely worse than trading 1 contract . Trade A will act as breaking the ice of the day, and Trade B is the real trade of the day. Both will enter early as soon the signals are valid.

Done:
Low stress trading.

To be done:
To enter early when signal comes.

SIM and overtrading burnout

As my connection was not reliable, I sim trade

Result : Positive green, however as it was only a SIM,  I kept continue trading, my sim profit then.... vanished.

Observation: I will burnout if I overtrade...as I made mistakes as the focus slowly gone. Also I clicked the wrong buttons twice !!

Overtrading has 2 types : a) # no. of contracts per trade and b) # no. of trade.

As I only trade 1 contract per trade, I need to limit my no. of trades as well to max 2 trades per day.

Now not Afraid to trade but

I had connection/internet problem.....
even the best traders on earth could do nothing when their connections were lost.

time for a song

-140

Emo is ok, exactly on the line, but at the wrong side. Next time

1) need to look at the alpha timeframe
2) need to look at the ema colors and context of these lines. I'll put only 2 ema as 3 ema were too busy for me
3) I waited the stop loss to kick me out, but actually I realized i was wrong much earlier..so dont wait for the auto stop loss.

+80

market choppy but when a moment came when I looked to the several charts I thought i have to do something.
about 2 mins in trading, i felt a bit stress. Got +80 then I close my pc.

More bigger time frame

I'll put more time frame: 15 min and 30 min.
Bigger is better

Trade like Zombies

I found out today,, once rules were established I need to trade like Zombies - no thinking allowed, just enter stop entry order.

If further  thinking is allowed then I will find excuse NOT to enter trade and I will lost good opportunity

May 2011 Monthly Statement

 Just 1 trade

+30

scalping profit after a long break. market choppy that later turned out was a bull.
higher low is the clue.
Big traders took vacation @ Memorial day

Low and lower stress

As I focused to lower my trading stress...my chart is nearly naked  (price & volumes only)

YIKES..Am I mad ? but I admitted my stress level is lower than ever....

However, my 2 EMAs still there but the setting was 26 & 12....( the normal setting of MACD...he he he)

Time Frame Tested

I tested the new time frame - yeassss, I knew many time I test time frames...but this is NOT my normal time 2min frames...its 5 minutes and 10 min times frames...

What I feared that will slowly react actuallly is good for me :- my STRESS level is lower.

My focal point is STRESS LEVEL.

I got good feedback.

BTW, I have to check my adsl line , I'm not confident to trade live yet via my line.

Time Frame adjusted

To nail the CL I have to adjust the time frame to make my stress level is low.
I will see the result next week

Today Cl moves more than 1000 usd... nobody capture that ?