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Mike this is the meat of what you just posted. I like how you went back and reviewed the trades for today that would have taken place if you were there. Rinse and repeat this is what we say and this is what consistency is all about. If you keep changing things, keep chasing a magic indicator or keep trying something new then how are you ever going to be consistent.
I mean hell if you are consistently losing taking the same trade setup at least you are being consistent and can look at what you are doing based on your track record.
Remember what you have posted here today and internalize this. For it is from within that the holy grail exists and will make itself known to thee...
Mike this is your thread and I respect that so I am only posting this here because you said it's ok. I'm not going to make a habit of it but I am going to show you a few trades between yesterday and today.
A quick note. I have been trading the forex market exclusively and I tend to focus on the AUD/USD. I am starting to look at the CL to add to my portfolio. I don't focus on all forex pairs mainly the Aussie.
So here are a few charts showing the last couple of trading sessions.
Mike,
You are doing very well. Keep up the journal. You are getting to the essence of successful trading. Keep it simple, look for the same setups. Soon you will be trading the same setups spontaneously.
1 and Done...
Got 13tix on 2 contracts.
With the T4 Dom, price moved too fast for my 6 + 10 targets and just flattened my
position when it was north of $200...
Sometimes it's nice to be lucky... Not giving that profit back!
End the day / week positive!!!
Nice trade Mike! It is certainly nice to just take on the 1 and done trades
You have also done yourself well by setting a daily goal. This is a great rule that really helps play into preventing yourself from over trading and helps to build confidence in your psychology.