lukx zline trading log + cfabian p.35 + adaseb p.48

[cfabian]

Another one... good for +15.
Bailed out when reaching that zone, specially as no momo up formed in previous candle. I would have expected more speed to the upside, and crossing the 132.35 zone after zeroing the up move preceding my entry.

[cfabian]

That sounds like a good option as well. At least half profit secured.

Another one from today. s**t!!!!!!, it happened same thing as yesterday. Got my entry, and stepped out too early. Comments in the image.

Please throw comments on how to overcome this flaw.

Cheers

could have took half off at your red line, move stoploss to protect the
last half and ride it out until a candle closes against you, or you come
to another roadblock.

[es/pip]

Another one... good for +15.
Bailed out when reaching that zone, specially as no momo up formed in previous candle. I would have expected more speed to the upside, and crossing the 132.35 zone after zeroing the up move preceding my entry.

nice

good read on the PA, the bars will talk to you if you will listen to them


you had a good day today

[dchappy]

Hey Lukz....

[aliassmith]

That sounds like a good option as well. At least half profit secured.

Another one from today. s**t!!!!!!, it happened same thing as yesterday. Got my entry, and stepped out too early. Comments in the image.

Please throw comments on how to overcome this flaw.

Cheers

could have took half off at your red line, move stoploss to protect the
last half and ride it out until a candle closes against you, or you come
to another roadblock.

I heard of doing that from several traders BUT...

The one that was memorable was the guy who said that he trades
to earn a living. He pays his bills month in and month out with the
first order. The second order is BONUS money!

Or something to that affect

[rushN4]

Could it be that greatness in trading follows the same patterns observed among artists, scientists, and squash players? If so, one would expect the expert trader to have spent a sustained period of time immersed in the markets, following market action, practicing trading, and maintaining a high level of focus and concentration. These are the very same conditions that generate optimal implicit learning. Expertise appears to be gained by maximizing the number of learning trials and by maximizing one?s focus during these learning trials so as to extract the most learning possible. When this can be sustained over a lengthy period, the result is an internalized set of skills that, like the competence of the violinist, cannot be readily captured in verbal form.
Dr Brett Steenbarger, The Psychology of Trading

[adaseb]

Could it be that greatness in trading follows the same patterns observed among artists, scientists, and squash players? If so, one would expect the expert trader to have spent a sustained period of time immersed in the markets, following market action, practicing trading, and maintaining a high level of focus and concentration. These are the very same conditions that generate optimal implicit learning. Expertise appears to be gained by maximizing the number of learning trials and by maximizing one?s focus during these learning trials so as to extract the most learning possible. When this can be sustained over a lengthy period, the result is an internalized set of skills that, like the competence of the violinist, cannot be readily captured in verbal form.
Dr Brett Steenbarger, The Psychology of Trading

I was reading this and at first I was like "WTF is he talking about". Then I noticed that it wasn't written by you.

[lukx]

Today Trade:
entry at blue triangle, I covered half of position at yellow triangle +100 pips. Still holding half. Red line is SL.

[Brookmyre]

Today Trade:
entry at blue triangle, I covered half of position at yellow triangle +100 pips. Still holding half. Red line is SL.

Nice work Lukx. I got 77 but you got a better entry...Well done

[lukx]

I took another trade today +23 pips: