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aug 28 back from vacation , i should be trading daily now till Thanksgiving.Came in yesterday, and once again, missing entries because im getting jammed up on the quick chart.This is so silly.Missing so many entries because im trying to save a few ticks on the quick chart.Finally, im done with the 3 min.The 30 min is so easy to see signals.I can watch 6 instruments no problem.I did a video recap of todays possible trades, i caught one short, as i was coming and going most of the day.Oops! excuse the profanity!
Hey Ninjus, thats a standard macd found in ninja.I take the label off because when i shrink the charts, the label gets in the way.
Also, i add a horizontal line at the .0003 level on both sides, to give me a visual idea of when we are extended on momentum
Bob
aug 31
no trades today..up half the night...who would think the day before Labor Day weekend was the best day of the week.These are the setups i could have taken.Such a shame..i really need a breakout day!
sept 5
1st trade of the day ...1/2 stop.went long at sd1, momentum tried to move higher, but couldnt reach my 1st scale.This trade is prevelant today.The candle before my entry was the trigger candle, and as im visualizing the tpo, its a sell candle rejected towards hod.I
thought could get 2 scales.
well, im finally ditching the macd.The 30 min charts will now have vwap ,pivots, and yh/lc and ch/l/c.ive gone back and forth with macd for a decade.I feel like its one of those things thats helpful, when used in the correct situations.The problem with me, is i fixate, and i lose sight of simple 30 minute candlestick closes.Ive always thought the 30 min was very important.The tpo is a 30 min time frame, so that says something for it.Anyway, im a little burnt currently, but ill be back tomorrow at 3am for the london open
sept 7
3 trades today.Getting very specific with my execution/risk criteria.Its been an ongoing process for a long time.I always thought, if my executions are good enough, i hopefully can atleast get the 1st scale ,and lessen the risk.After all, at the end of the day, its about survival.Ive been listening to FT71 videos, and i like the way he is very specific about the steps that traders must address in their journey.Im not a spreadsheet guy, i dont even have a program for it.However, i do understand basic discipline, and not cutting trades short,etc.Currently, if my trade gets all 3scales, it gives me a 1:1 r:r ratio.I know, not great.This is mainly because my 1st target takes 50% off at just 5 pips.(really more tho, because of spreads).The spreads for forex in USA are pretty bad, but atleast i can trade live , and risk small amounts of$.From what ive seen, being live for some $ benefits me more than sim.IMy attention and focus are much better, and i find myself learning faster.In the 7 weeks ive been back, ive been back and forth betweenred and green.Some of the days start red, and ive stuck with it to finish break even, or a bit green.I feel that is progress.I get up at 3 am to trade the european open, and i must say , its not a pleasure!By Friday im pretty toast.But, atleast its quiet, and i can keep plugging away,.The next step, which im waiting for, is to just raise the size.I really want that to happen, and it will take a few weeks of good trading to achieve.