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Trading Process Journal from Poland


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Trading Process Journal from Poland

  #51 (permalink)
qwachu
Kalisz, Poland
 
Posts: 59 since Apr 2020
Thanks Given: 97
Thanks Received: 65

I've taken 4 trades yesterday (25.01.2023). Results are mixed.
I hope I will develop some more patience, because I'm not letting
trades to fully unfold. Sometimes that will mean that I'm ending up breakeven.
Sometimes I will have to accept a stop loss hit. But sometimes the risk - reward
can be 1:8 instead 1:2 like in the last trade.

Anyway, here is how it went:

trade28info


trade28entry


trade28exit


I ignored the overall trend in the overnight session and paid for that.

trade29info


This entry is a mistake. It should be done 3 min before. I waited and then chased the trade.

trade29entry


trade29exit1


trade29exit2


trade30info


I was looking for continuation. Didn't wait for a proper re-test and got stopped out.

trade30entry


trade30exit


trade31info


I tried again after another shakeout on m5.

trade31entry


trade31exit

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  #52 (permalink)
qwachu
Kalisz, Poland
 
Posts: 59 since Apr 2020
Thanks Given: 97
Thanks Received: 65

I've traded last Thursday (26.01.2023) and on Friday I took a break.

I wasn't in the best mental shape lately and it was visible in mistakes I made.
I've chased moves and wasn't really looking for objective information from the market.
So first I had to straighten out my approach, before taking more risk today.


trade32info


I have entered posistion without proper analysis.

I've seen a shakeout and possible continuation and felt the need to chase the market.

trade32entry


trade32exit



trade33info


Here the entry was late, the price went up again (my stop loss was hit)
and the move down I anticipated happened. I wasn't able to profit from that.

trade33entry


trade33exit

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  #53 (permalink)
qwachu
Kalisz, Poland
 
Posts: 59 since Apr 2020
Thanks Given: 97
Thanks Received: 65


Yesterday (30.01.2023) I've hit my daily stop loss quite quickly.
From positive point of view I avoided trading on tilt and increasing my losses.
On the other hand my timing was awful yesterday, as I took trades in opposite directions
to what was really happening.


trade34info


trade34entry


trade34exit


trade35info


trade35entry


trade35exit


trade36info


trade36entry


trade36exit


Anyway, that's past. Today is a new day.

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  #54 (permalink)
qwachu
Kalisz, Poland
 
Posts: 59 since Apr 2020
Thanks Given: 97
Thanks Received: 65

Here are my trades from yesterday (31.01.2023):


trade37info


Got short, but it was counter-trend. Had low confidence in that trade, so I took
profit quite quickly.

trade37entry


trade37exit


trade38info


Tried the same again. This time it appeared I was wrong earlier.

trade38entry


trade38exit


trade39info


Finally I got the direction right. Still I wasn't convinced it would last so I took
profit when 20 ticks in profit.

trade39entry


trade39exit

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  #55 (permalink)
qwachu
Kalisz, Poland
 
Posts: 59 since Apr 2020
Thanks Given: 97
Thanks Received: 65

Since the beggining of February I decided to trade 1 ES, but got a series of stop losses (6) and need a break.
Will be back next week.

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Last Updated on February 3, 2023


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