West's Trading Journey

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aliassmith
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Re: West's Trading Journey

Postby aliassmith » Tue Nov 29, 2016 4:30 am

westcountry wrote:Alias: Thanks for the feedback; yeah, when I get just a little more consistent I will be in good shape.

Mr. Hyde and MO: Good question & answers, thanks for some more perspective on 1-2-3 strategy!

- - - -

Here are some trades to share from NY & Asian session.

NY:
AJ: This was a breakout trade to the Long side, but it went against me for -14.
UJ: Just went short with Momentum, I took about +10 pips on each of two entries.

Asia:
NU: 1-2-3 trade, entered early at the #3 point, +7
UJ: 1-2-3 trade, +15.


So another 28 pips, it looks good. 1%+ a day is the golden goose. Try to master 1 to 2 ideas to achieve this.
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westcountry
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Re: West's Trading Journey

Postby westcountry » Tue Nov 29, 2016 7:10 pm

Today I took a nice ride up with a 1-2-3 on the Hourly chart...

Thanks Alias, yeah, I need to master just one or two strategies.

-West
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Re: West's Trading Journey

Postby westcountry » Thu Dec 01, 2016 2:58 pm

NY open, 1-2-3 trade 'short' at exit.
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Re: West's Trading Journey

Postby westcountry » Thu Dec 01, 2016 3:00 pm

Sometimes jumping in slightly before my bias prints the way I want it to...(eg. meaning at the crossover of "0" on the histogram)...

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Re: West's Trading Journey

Postby westcountry » Fri Dec 02, 2016 3:18 pm

NY open:
...in and out fast.

1) AU: breakout short
2) EJ: 1-2-3 on the H1 short
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Re: West's Trading Journey

Postby westcountry » Fri Dec 02, 2016 3:48 pm

This has been a hard realization for me to take to heart:

I can't do "whatever I want" when trading; I must follow structure. I can only do "whatever I want" with the profits and with being successful.

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Re: West's Trading Journey

Postby TheRumpledOne » Fri Dec 02, 2016 3:51 pm

westcountry wrote:This has been a hard realization for me to take to heart:

I can't do "whatever I want" when trading; I must follow structure. I can only do "whatever I want" with the profits and with being successful.


Good one!
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westcountry
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Re: West's Trading Journey

Postby westcountry » Fri Dec 02, 2016 3:56 pm

Thanks TRO, that hit me like a ton of bricks last night, and it's something I need to fully own, integrate, and fully take to heart.

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Re: West's Trading Journey

Postby aliassmith » Sat Dec 03, 2016 12:35 am

westcountry wrote:This has been a hard realization for me to take to heart:

I can't do "whatever I want" when trading; I must follow structure. I can only do "whatever I want" with the profits and with being successful.


I don't believe structure to mean trade like a robot. It could help to have a guiding light concept about who/what you are when it comes to your trading style. I guess it would be an "identity".

Then when you are trading you can ask yourself if what you are doing or about to do fits those principles.

Example....I am not a trader that will hold on to a 1000 pips loss...lol...I wonder who did that.
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Re: West's Trading Journey

Postby westcountry » Tue Dec 13, 2016 4:18 pm

Yeah that makes sense Alias, an "identity", and that is what I am working to develop. Thanks for the perspective.

Took a little time off, been busy in other areas and needed a little mental break.

Back at it here this morning...tried to squeeze 20 pips out of this one, finally took profit here. . . now its blazing upwards. I think I am going to start new way to manage the money on these trades, based on some of the suggestions earlier given to me in this thread. I need to get that together and moving forward.
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