Weekly recap.

I'm surprised that I managed to trade everyday this week, despite spending very little time in analysis and a busy regular job.

4 out of 5 wins obviously makes me feel good, despite the very low position size.

I'm disciplined in following the signal and holding my position till the end of the day. Everyday.

Even more encouraging is the fact that I'm not married to Bulls or Bears.

Get up early to get paid!

I had short signal but late to the party today.

630 AM is not that early but yet somehow managed to miss the opening. Though I missed the early move, happy to get in and staying put till the end.

ATR is getting smaller but still managed to get a decent chunk.

Regret is not an option in planned exits.


I was long from open and closed the trade1 hr before FOMC minutes.

Though ES rocketed up further after my exit, my monkey brain was pissed off (just a bit), despite a decent gain!

My frontal rational brain managed to tame the limbic monkey brain. I accept the outcome now without regrets.

Narcissus 

I was long from open and closed the trade1 hr before FOMC minutes. Though ES rocketed up further after my exit, my monkey brain was pissed off (just a bit), despite a decent gain!

If the ES would have plummeted your monkey would have been on top of the hill. It was the good thing todo imo to get out before the announcement. A lot of prop firms would require you to do so too.

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Position size is everything

Today I had one of the strongest signals from my system.

I use 6 measures for my entry direction and 5 of them were sell!
The other 1 was neutral.

It did NOT work out. In fact, it's a substantial move against my entry. However, my position sizing was kept at 1/4th of usual size and hence it's a much smaller loss.

Lesson learnt - Strong signals (pre-market) doesn't mean bigger position. Price action is still the king and hence the size goes up only when the trade idea is working.

Bulls and Bears follow signals. Pigs follow Gut feelings.

I had a buy signal. Not strong but 3/6 Buy with 2 neutral & 1 sell, it's not bad and I should take any day.

However, it didn't FEEL right. Expected chop on a Friday and last trading day of the month. So, I stayed out in the sidelines. May be we rallied up too much this week? Apparently not.

Missed opportunity should be considered as loss. Technically.

I'm not being hard on myself as my regular job is more than busy. Just a helpful reflection. I'm happy that I am able to feel the pulse of the market and trading intermittently.

Happy long weekend for Canadians. Stay cool.

Reliable signal worked again

When intra-day i.e RTH has bullish close but the ETH is bearish close, like Monday, the following day is generally profitable for bears.

Though my short was initiated later in the day, and saw fair amount of AER, it still made a decent profit EOD.

Nothing wrong with this trade

Expected bearish follow through didn't happen. I can't do much about it.

Doing nothing is not a small thing.

I was up early, did my prep and roaring to trade! However, opening exactly where we closed yesterday was a bummer and the 1st indication of chop. My indicators were very mute and I wasn't ready to give up yet. Once I realized I was trying to squeeze a trade, light bulb went on and I stayed out of the market today.

Less than 30 ES points a day. Less than 40% ATR! Seriously!

Best trading decision.

It's OK to dip my toes.

Signals were neutral with a slight bearish bias post job numbers.

Glad I waited for the vicious bounce to stall. Short didn't work out but never had to experience pain.

Didn't expect a new LOD and hence would have locked in profits at the retest, ideally. Still only spending 5 mins for prep and not watching intraday. Will change from next month to fulltime again.