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Built a new summerhouse in the garden yesterday, the neighbour says it's a fine erection. Need to install beer. Only one early trade for me yesterday, +15 points so only ticking over but that's also still working fine.
Lots of Euro froth in the Dax. Start of a brave new world or still ending of an old one? There are fascinating patterns available for mega-bears and mega-bulls at the moment - surprising coming into the doldrums - so maybe its just an illusualone.
Just 2 trades today for another slow but steady +15 in just an hour, should have been +25 but the old cut them too soon habit dies hard. Still a major psycho work in progress. I'm currently enjoying a more relaxed and analytical approach with reduced screen time forced by outdoor projects and great weather. Sticking with the 4% per trade now with 6-10 point stop combination. Bigger fish may well appear in the waiting pool someday, but a rough daily average of +15 or better for the next few years would do very nicely Mr Market, thank you.
It's only a maybe picture as breadth on the DB is incredibly strong again today. There is possibly an even rotation signature in the delta suggesting distribution but otherwise it's a printing inspired parabolic vtolol and they're buying bagloads. Losing 8192 and 8176 might get bears furry again with a serious pattern to play with, otherwise I have to think that the summer doldrum antigrav is working fine and maybe even that much bigger K forces are at work. Cripes. Really needs ES 65 and 60 gone before downhill gets easier, but I might sneak a nibble or two in if the weather changes.
Only two small trades for me -6, +14, still that's dinner sorted.
Dax has been dancing with the elves, sweet exact teasing close though....
Maybe next week we find out what some real intentions are.
There will be roller-coasters through the night, Gann cycles are equity positive until Q2 '16, that'll be a sight if it's right.
But coming astro effects are an eyeful of awful, surely that can't be lawful.
Monday beckons, weather's hot, summer's here, best to all.
Time to get a few thoughts and frustrations out of the way.
Yesterday was a complete FOMO CHOP-ME day where I analysed well but then traded like a donkey, freezing on the one really ideal setup and then just just chasing my tail on tat stuff for the rest of the sessions, so damn frustrating.
Today I didn't over-analyse, absolutely eagle-eyed the charts and executed really well, made up all yesterday's losses and then some, but I still couldn't just sit on two massive trades that were staring and daring me to do nothing for my own benefit, so damn frustrating.
Anyway, feel better for saying that. Rant over.
Have decided to split usage of my two accounts, one will now be strictly limited to one trade per day with a 20 point stop, with or without a limit set the on trade depending on rough day type (i.e trend/chop assessment). Account platform will be forcibly closed when the trade is, so it's up to me to pick the prime setup, time of day and market, usually Dax, sometimes Dow or ES. Need to get some of Mr Cool Hand Luke's approach to rub off over here.
Main account will continue to use 10 point (Dax/Dow) stops on multiple trades as charts dictate but with master psycho goal also to limit finger clicks and sit longer once in a trade. This is the big issue for me, bar none. I can nail entries but I can't sit for toffee.