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I expected to be impressed since you are a software architect. Can you imagine if you delivered the above to a customer as directions on how to run their platform successfully? Wouldn't you be fired on the spot?
You should be very familiar with flow charts in your profession, I highly suggest you hire yourself to come up with a clear representation of what you are trying to do. Only then with very clear, very specific, logic/ideas can you try to troubleshoot where you are currently failing or struggling in the process.
I'm not an architect but I imagine you know of many more tools to chart a process, not just flow charts, so I suggest you employ them -- hire yourself to do architect your trading, and let's take a look at what you come up with.
Very useful, let me try, I was toying with the idea of meditation for so long, my brother is deep into meditation every day he spends around 2 hours. I see a lot of difference in him but I will not get that much time because of obvious reasons like kids etc. but I will give it a try.
Thanks once again for taking your time. You don't have to be sorry because you are trying to help me, I am sorry for not living up to your expectation. What I found is architecting a rigid structure or designing a solution to an issue is way much easier because in those scenario's problem is fixed and outcome is fixed but here in trading analyzing the information coming in from various sources where problem is not fixed and outcome is varies from time frame to time frame. I am not trying to defend myself, I will try to find decent way express (chart or some other graphical way) what goes through my mind when entering, while in the trade and exiting the trade if that is what you are looking for. I will take today's example.
There is no will or try , you must Intent to do it starting today (Read Power of Intention by Dr Dyer) . If you feel impatient to grasp the secret of the market, overwhelm by the amount of information, it is the sign of an overactive mind. It is not just your problem, it is universal to all, until one slowdown and look at what one created. Your identity is your creation, you created the belief systems, consciously or unconsciously that defines who you are. Your current personality is just one arrangement of infinite possibilities. You are soo identified with the creation, you forgot the fact that you are the creator and have the power to change it. Possibilities are endless, go meditate
Overnight I was flat knowing that BOJ decision is pending but my thought process they won't fulfill it but market will not sell off...
1. I saw price ripping higher and went to 2090 area, I was awake because my kid wakes in the middle combined with my insomnia. I wanted to short but after so many fake breakdowns, I wanted price to prove me that it will close below my short level. Also, everyone under the sun is bullish and no one is talking none less than ATH, that's also messing my mind.
2. When I saw price getting support around 2075 I wanted to enter long two times in the morning but missed it, again I saw the price coming back so entered long with little hesitation but said myself to stop out of long if price closes below last weeks high. This long was supposed to be short term swing because I don't want to miss another leg up.
3. My stop hit with last min volume surge and price closed below my short entry.
4. What should I do as per my rules I have to enter short right, I entered but closed it because again I cannot short in the hole, price didn't re-trace, and this volume surge might just be end of month re-positioning so all these thought races in my mind all the time once I enter a position.
So today is perfect example of how I screw up, I wait, hesitate, hesitate to enter any position and once I pull the trigger price moves in my direction but immediately turns the other way and I exit for a loss and price turns back. Not big loss but still...this is in a nutshell what is happening with me. If I have to put this in the form of flow chart or diagram I am not how I can do it but will give it a shot.
Thanks everyone for all the suggestions, help and comments.
Got rejected at VPOC level or it's just a some random line I don't know...RSI is flattening, I am going to use just RSI as my momentum indicator even-though it has some lag seems like good in identifying divergences which are key for swing trading and mean reversal methods.
Weekly
Will this really reach 900 level i.e LVN? I really want that price so that I can buy physical gold but I am not sure about if it happens or not. Ideal swing entry would be test of recent lows quickly so that we will divergence in RSI.
Daily (or 2 hr)
Oversold on 2 hour chart with 50 and 100 SMA acting as support so there might be some bounce here but by seeing Monthly and Weekly I would like to wait and see...
CL got rejected at 10 month SMA again another random line. RSI is very flat, seasonality is not supporting but looks like oil is correlated with ES when going up so don't know if seasonality matters here or not...I want it to test the 2008 lows at 33 (am I crazy or what? But if we get a selloff in ES that might be possible).
Back in summer when seasonality is favoring oil and at the same time got good divergence I really thought oil will move to 60 but swiftly rejected and churning between 43 and 50 from then...anyway this oil is too volatile but but maybe that's what I need...I don't like to trade when support or resistance levels are too far in this case they are too far so I just want to watch...
these both are killing me, I have to find a solution to rewire my brain to fight that urge to always find a mean reversion trades and sticking to my STOPS.
I don't think anyone can help me in this regard, I just need to control that urge...I saw few swing traders using a very wide stops of 40 points on ES maybe that will also help....anyway if anyone thinks they went thru similar issue and got over it plz help....My trading would be SWING trading only, NO day trading, I will simply make more and more mistakes by watching intraday action but recently I noticed I am able to read intraday action properly with internals etc. thanks to @rahulgopi and others for teaching me in this regard. When I went back and look at what is my edge, it seems to be dip buying except for two failures....(Flash crash and recent May dip)
1. I was buying and holding in 2008 fin crisis, of course I was scared but able to pull some 300% to 400% gains on stocks but flash crash screwed my mind and introduced me to shorting...
2. Shorting is not my edge
3. I tend to enter the trade early (impulsive trading)
4. Mean reversion on dip buying always work not on shorting side
5. Should not be loss averse...just honor MY STOPS