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my project priority seems to be getting back to her same old self other than the extra weight on her right arm -spent last 2 days practicing some mechanical calls on TST trading rooms ,some were accurate and some where not -maybe 50/50 ,but that's the end of that-
some say you need to be able to separate yourself when you trade from everything else-but as I found this week -I cant do it 100%
tough break all the way around
:when you cheat -you only cheat yourself
refer to post # 470 & 527 & 930
option traders refer to post 996 thru 1005
Tuesday may 14th -just terrible as explained earlier
Monday may 20th -had a decent overall day as I am only trading 1 lot at a time do to loss tightness
Tuesday may 21st - tried only taking directional 1 way trades off my system -had never tried it before ,will never try it again -thinking back -I am glad it failed on the first attempt, as all balanced trading system need to account for opposite drawdowns -you will notice the average will and average loss were the same -but the trade balance was off
wed may 22nd -rollover day no trades on TST
Thursday may 23rd- was the most interesting day -see charts when posted below
:when you cheat -you only cheat yourself
refer to post # 470 & 527 & 930
option traders refer to post 996 thru 1005
another trade -long with exit and no trailer -the 33 tick was 2 tight for this system -I failed yesterday to check my max loss on my balance sheet to see what my stop should have been ,the reason for only 600+ dollars Thursday was due to the stop being too tight ,and inside the pocket -by sticking with my flip positions ,this last trade for 1200 put me well in the green
:when you cheat -you only cheat yourself
refer to post # 470 & 527 & 930
option traders refer to post 996 thru 1005
I was watching a webinar yesterday -where the guys product was 3600 dollars and they made a statement in the room that it would pay for itself in 1 week if you joined there live trading room ,they always ran a 7 tick stop with a 5 tick profit now that would be 62 perfect trades in a row -what he did was ,in my opinion ,was he was coding price level off MACD crossovers and when several would stack on his 1 min chart that's where he took the trade ,
below is a chart of GC price levels ,I just pulled up a random date to test his level calling ,but notice the similarities of the base turn out of the chop for the breakout ,
after seeing this I may call it the elbow pattern -
:when you cheat -you only cheat yourself
refer to post # 470 & 527 & 930
option traders refer to post 996 thru 1005
overall profitable day -but terrible % day -all of my own decisions - I guess the worse was taking lunch at 1:05 EST ,going flat on ES after shorting 71.25 area ,then returning 1/2 hour later to find it down 6 more points ,but that's trading -
so at least my terrible Tuesday streak is broken -
:when you cheat -you only cheat yourself
refer to post # 470 & 527 & 930
option traders refer to post 996 thru 1005
another weekly update - I can tell you that I am learning a lot about myself and how I trade -1 of the things I will have to work on is exiting a trade why 1/2 the profit is gobbled up and then wait for the next entry -instead of riding it through till a signal-
:when you cheat -you only cheat yourself
refer to post # 470 & 527 & 930
option traders refer to post 996 thru 1005
just and update -still in the green on my combine -have 13 trading days left to finish -got to see the results of a # of old patterns test out ,to see the actual percentage results,i did hit the jackpot kitty on TST friday ,called the es close at 1568.75 and hit it to the tick ,for 9500 tst points
:when you cheat -you only cheat yourself
refer to post # 470 & 527 & 930
option traders refer to post 996 thru 1005