tag:blogger.com,1999:blog-27588686626314320252024-03-14T03:21:30.668-07:00200 Ticks Per MonthSimple Business Plan With Solid Strategy And ExecutionSith-Traderhttp://www.blogger.com/profile/01923269915062024311noreply@blogger.comBlogger54125tag:blogger.com,1999:blog-2758868662631432025.post-64484994424932053672011-01-17T04:32:00.001-08:002011-01-17T04:35:31.873-08:00Posting just To feel GOOD<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhs_EaLYnnQKw2nzMd4gGUE56VXbqNMuEZKuXk9xT7DvKGmziQJ1vkLrjwJV88gP8Eb9TsP1Xris-LEnBKXa2SSluVxdulyv97kcbmQjgVsO64UhFk0FzduzqJM6UiXy3fiPwcuyolQzzPp/s1600/Profit.png"><img style="TEXT-ALIGN: center; MARGIN: 0px auto 10px; WIDTH: 400px; DISPLAY: block; HEIGHT: 214px; CURSOR: hand" id="BLOGGER_PHOTO_ID_5563131944474628498" border="0" alt="" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhs_EaLYnnQKw2nzMd4gGUE56VXbqNMuEZKuXk9xT7DvKGmziQJ1vkLrjwJV88gP8Eb9TsP1Xris-LEnBKXa2SSluVxdulyv97kcbmQjgVsO64UhFk0FzduzqJM6UiXy3fiPwcuyolQzzPp/s400/Profit.png" /></a><br /><div>Really, there's nothing good on this trade, except the profit and the patience :)</div><div>Cleaned up last week losses. Still Having first week red to be taken care of, then I'll be back to business.</div>Sith-Traderhttp://www.blogger.com/profile/01923269915062024311noreply@blogger.com3tag:blogger.com,1999:blog-2758868662631432025.post-52372350527873078432011-01-12T04:58:00.000-08:002011-01-12T04:59:46.169-08:00And It Failed Today<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgsGHQhmvYgte9hDO9tacPkFyyD64S3JXLwtGIndElpd0MJejmgjvvk8KNLdJpEf3U1btIQgZTUh7u39t0D6RO6hQqLforAS94Llx7qgbHp2eBdjhsY_INyRp3k1rBrGHHC9GKWy0e3ADvS/s1600/chop.png"><img style="display:block; margin:0px auto 10px; text-align:center;cursor:pointer; cursor:hand;width: 400px; height: 315px;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgsGHQhmvYgte9hDO9tacPkFyyD64S3JXLwtGIndElpd0MJejmgjvvk8KNLdJpEf3U1btIQgZTUh7u39t0D6RO6hQqLforAS94Llx7qgbHp2eBdjhsY_INyRp3k1rBrGHHC9GKWy0e3ADvS/s400/chop.png" border="0" alt=""id="BLOGGER_PHOTO_ID_5561283329066908258" /></a><br />I suspect there're reversal comin. Too many green bar. The Big Money is entering, the swing was too wide.Sith-Traderhttp://www.blogger.com/profile/01923269915062024311noreply@blogger.com0tag:blogger.com,1999:blog-2758868662631432025.post-43847265999654935452011-01-11T02:13:00.000-08:002011-01-11T02:15:02.704-08:00The Holy Grail Continues...<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEge6vtcA7ek8GYkjiRp78-luhI-O0sJvL95DnjgzHKhcQ7_ZNWWWSAfTpz5bf0SCPSC5PzSaeEv5eZwkiJP3YUYAjnXS2hhKEC6uPf_cTsnwQWQNffN8sVpd_n8JTqkdoe311xporN1ivGb/s1600/chop.png"><img style="display:block; margin:0px auto 10px; text-align:center;cursor:pointer; cursor:hand;width: 400px; height: 307px;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEge6vtcA7ek8GYkjiRp78-luhI-O0sJvL95DnjgzHKhcQ7_ZNWWWSAfTpz5bf0SCPSC5PzSaeEv5eZwkiJP3YUYAjnXS2hhKEC6uPf_cTsnwQWQNffN8sVpd_n8JTqkdoe311xporN1ivGb/s400/chop.png" border="0" alt=""id="BLOGGER_PHOTO_ID_5560869723492484978" /></a><br />Heaven for scalpers, 10 pips on every signal result 30 pips in this quiet market.Sith-Traderhttp://www.blogger.com/profile/01923269915062024311noreply@blogger.com0tag:blogger.com,1999:blog-2758868662631432025.post-51938501970822023092011-01-10T10:13:00.000-08:002011-01-11T02:13:32.238-08:00Even Chopped Market...<div><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjPDR13mxPGV6w0hBuS0DTQRvdEQ3BnE3g6IsfUAcZDMTCQRYONLl7e86pjbh4S_t1e4xdX4P9MYsAlTjz7U4WfXFm6xfbNDdt9EVI-izKZp_Y657K1kFle0wO4QFDnjoyclGWSrmjzjq4B/s1600/chop.png"><img style="TEXT-ALIGN: center; MARGIN: 0px auto 10px; WIDTH: 400px; DISPLAY: block; HEIGHT: 308px; CURSOR: hand" id="BLOGGER_PHOTO_ID_5560624424433312674" border="0" alt="" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjPDR13mxPGV6w0hBuS0DTQRvdEQ3BnE3g6IsfUAcZDMTCQRYONLl7e86pjbh4S_t1e4xdX4P9MYsAlTjz7U4WfXFm6xfbNDdt9EVI-izKZp_Y657K1kFle0wO4QFDnjoyclGWSrmjzjq4B/s400/chop.png" /></a>
<br />I made green on currency, red on every others. I hate ES so deeply that I can't imagine who can make money from this tickers. Anyway London Session today had a very quiet day with 60+ pips range. So if you're a scalper, take a look at the chart. After every green bar (marked it) had a tendency to move. It means if one candlestick made a 512 ticks in less than 90 seconds, it green. What's the meaning? It means 512 ticks in short period of time shown big money there. Excpet the news, green bar on quiet market surely made attention. At least 15-45 pips movement was valid today. Strange indicator? It's one of the most logic indicator on the chart. Let's see, big money comin. The leave trail as a green bar. Sudden move on chart means something. Either up or down, it wants to move. Nobody put big money expect to wait 1 hour more until the price move. We all want movement immediately. So that's how the Green Bar worked.
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<br />This things great for scalper profit. Just wait the green bar, enter either short or long on every breakout, placing SL, good to go. After exit, wait another green bar. SImple and clean. But I am a directional/swing trader. So this method won't do much good for me.
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<br />You can backtested and the result may surprise you. 10-15 pips was easy. Just wait, enter, end of day. Have a great life out there :)
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<br />Worked with any other like Crude Oil...or ZS (chart below) I just using today's chart. Previous day will do the same. If u thought u can missed since green bar may move very fast u can entry after yellow bar (90 seconds).
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<br /><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhlSDgB9f8-Od4Lh7WBf0YFE0H6liBF0dIeTW8XBJKtFgu_nodsOiPxloHyPJg4oeNg_OdPHr3flxaBDvtVbzKge8_DBhauHPk2UKPmG_r9VKsqRMxLitXyfZwbdisohaUZWvH8IBM9rQc-/s1600/zs.png"><img style="display:block; margin:0px auto 10px; text-align:center;cursor:pointer; cursor:hand;width: 400px; height: 290px;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhlSDgB9f8-Od4Lh7WBf0YFE0H6liBF0dIeTW8XBJKtFgu_nodsOiPxloHyPJg4oeNg_OdPHr3flxaBDvtVbzKge8_DBhauHPk2UKPmG_r9VKsqRMxLitXyfZwbdisohaUZWvH8IBM9rQc-/s400/zs.png" border="0" alt=""id="BLOGGER_PHOTO_ID_5560631308294284930" /></a> <div>
<br />
<br />Or GBP...
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<br /><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgepHKxCx1FPht5uGL5KLnTV-LDPaMgcfl2Yi_3rXraoK6azaGph5KKs-eOMcVPa-FrXPw85Nh6BA7WMYzeERc_4WUxs-76v_O5ZvUL6rgoq_EnhNWcUu_oejdeBnt9zCuKwnOa81L16KG5/s1600/GBP.png"><img style="display:block; margin:0px auto 10px; text-align:center;cursor:pointer; cursor:hand;width: 400px; height: 228px;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgepHKxCx1FPht5uGL5KLnTV-LDPaMgcfl2Yi_3rXraoK6azaGph5KKs-eOMcVPa-FrXPw85Nh6BA7WMYzeERc_4WUxs-76v_O5ZvUL6rgoq_EnhNWcUu_oejdeBnt9zCuKwnOa81L16KG5/s400/GBP.png"
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<br />Sith-Traderhttp://www.blogger.com/profile/01923269915062024311noreply@blogger.com0tag:blogger.com,1999:blog-2758868662631432025.post-66447840532159283332011-01-08T05:23:00.000-08:002011-01-09T02:48:49.743-08:00Sorry For No Update + Bonus Sharing<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi0nV7OsJAaAlQaS5QXoGgIhCRFMxsJRLZAQfrWBjsy5DrkWTRgGl2Y7C51tH6GyxxbnUqHEaZSueiqqM5HdffB9AieMrPgyu5OvHaYjGgWfKUh78a4OE5tNRwHaG8zKZHEbRa4NbI5Oqgb/s1600/chopped.png"><img style="display:block; margin:0px auto 10px; text-align:center;cursor:pointer; cursor:hand;width: 400px; height: 226px;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi0nV7OsJAaAlQaS5QXoGgIhCRFMxsJRLZAQfrWBjsy5DrkWTRgGl2Y7C51tH6GyxxbnUqHEaZSueiqqM5HdffB9AieMrPgyu5OvHaYjGgWfKUh78a4OE5tNRwHaG8zKZHEbRa4NbI5Oqgb/s400/chopped.png" border="0" alt=""id="BLOGGER_PHOTO_ID_5559810691150344018" /></a><br /><br />I had 3 consequtive losses day. That's not the first. But it's surely very depressing. I'll update my journey after things got better.<br /><br />Meanwhile I'll share my findings about chopped day. I am a trend trader. I scalp my losses, swing my profit. I never found sucesful trader which is a counter-trend. This tips useful for day trader who profiting from trending or at least moving price.<br /><br /><span style="color:#33cc00;">Tools:</span><br />Ninja Trader With Zen Fire<br />Time Histogram<br /><br /><span style="color:#33cc00;">Setting:</span><br />Period: 512 Ticks Chart<br />Time Histogram : Green Bar for <= 60 seconds<br /><br />As u can see, after the first green bar price was moving. The logic behind this are there're sudden surge on ticks means high chance there're big money comin. But there're rules for this method like: No used at news, since it's obvious the news will surged the tick. And also after the fiirst green bar and followed by lot of green bars it's no used since big money coming gradually. Except after green bar lot of reds then green again, this method still valid.<br /><br />You may not profit instantly after seeing the green bar, but the chance are much higher the market will breakout. Maybe one or two stopped out and we're good to go<br /><br />You can backtested and see for yourself. For the trading method, you can used every lagging indicator in the world and follow the signal, result may be better than blindly entering on chopped market. You even can use the green bar for entry since it's signal of sudden moving price though I never research it deeper.<br /><br />It's also can use as volatility measurement. If there's lot of green bar then market was in volatile mode. Expect wide and wild swing after that.<br /><br />As far as I go, the movement after those green bar appeared may 30 ticks (minimum) from hi-lo. U can expect getting 10-20 ticks.<br /><br />Hope this sharing become useful and every comments are gladly welcome.<br /><br /><em>PS: I learnt from the past that the more I shared about trading tips/wisdom, the more I make good trading. Is it karma :) ?</em>Sith-Traderhttp://www.blogger.com/profile/01923269915062024311noreply@blogger.com1tag:blogger.com,1999:blog-2758868662631432025.post-80490556233291199272011-01-05T11:32:00.000-08:002011-01-05T11:38:14.915-08:00Wednesday : Disaster!!!Okay, first I lost control, then I fought against the trend, then I missed lot of good trades. Result: Not yet counted, but scary losses.<br /><br />Now, I'll reboot my technique.<br /><br />1. Fibonacci involved, this way I may reduce my trades zillions times.<br />2. Non currency trade activated.<br /><br />I flashback my trades, there's LOT OF FAILED SETUP. I mean, wtf....Today, I counted 4 consequtive failures. That's 40 ticks!!! So I decided I will trade with fibonacci. Entering at pullback and just one direction after it prove otherwise. With this method, I will reduce my trade A LOT. I may trade sober now.Sith-Traderhttp://www.blogger.com/profile/01923269915062024311noreply@blogger.com0tag:blogger.com,1999:blog-2758868662631432025.post-66798358456328582482011-01-04T18:18:00.000-08:002011-01-04T18:24:07.931-08:00Tuesday: Big Damn Lucky<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEialb0D6QQd728a2HlGqqY1X0xMgv9U0YOL4d5mldCiQXwflh8zaY8k6sEPgvtPmFOVmC_WAc5YvwW_lQVvkLSjk6CmXnBBGf3JxzLPM4lMRZdfaEGklM9AKQSEYsLlAy9VDC_Zlsym-KLL/s1600/Profit.png"><img style="TEXT-ALIGN: center; MARGIN: 0px auto 10px; WIDTH: 400px; DISPLAY: block; HEIGHT: 172px; CURSOR: hand" id="BLOGGER_PHOTO_ID_5558521820026057698" border="0" alt="" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEialb0D6QQd728a2HlGqqY1X0xMgv9U0YOL4d5mldCiQXwflh8zaY8k6sEPgvtPmFOVmC_WAc5YvwW_lQVvkLSjk6CmXnBBGf3JxzLPM4lMRZdfaEGklM9AKQSEYsLlAy9VDC_Zlsym-KLL/s400/Profit.png" /></a><br /><div>Nett Profit : <span style="color:#33ff33;">+15 ticks</span></div><br /><div>I didn't put my SL today, I had bias. Worst, I listened to others about market direction. Lucky all of them were right. Next time there maybe <span style="color:#ff0000;">$2000</span> loss on single trade. Back to my old trusted system now, though yesterday was tough day even for my system.</div><br /><div></div><br /><div>I was punished glued to screen from 03.00 am - 03.00 pm EST, 12 hours straight for $51 profit. </div>Sith-Traderhttp://www.blogger.com/profile/01923269915062024311noreply@blogger.com1tag:blogger.com,1999:blog-2758868662631432025.post-74868158045078320162011-01-03T04:48:00.000-08:002011-01-03T04:53:23.644-08:00Jan 3rd 2011<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh834y_jAMFqOEmGkJQqotm9-NIy2upXZ9TsdNoOJ9hcU2TZ47ET1DRDA2GDTLJGQ3keSuzwbbb0btnh-H0oWPjqrx7QO2RY1ySfJUyxtZ02oHkUwiZhGAceVaK3kjMVfjQp-iSw897LY1Q/s1600/Profit.png"><img style="TEXT-ALIGN: center; MARGIN: 0px auto 10px; WIDTH: 400px; DISPLAY: block; HEIGHT: 124px; CURSOR: hand" id="BLOGGER_PHOTO_ID_5557941454437111986" border="0" alt="" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh834y_jAMFqOEmGkJQqotm9-NIy2upXZ9TsdNoOJ9hcU2TZ47ET1DRDA2GDTLJGQ3keSuzwbbb0btnh-H0oWPjqrx7QO2RY1ySfJUyxtZ02oHkUwiZhGAceVaK3kjMVfjQp-iSw897LY1Q/s400/Profit.png" /></a><br /><div>Excuses, 5 Europe Bank Holiday + 1 Canada Bank = No Trade or Trade Small</div><div>2 Hours trade for 13 ticks ( max 16 ticks ) = Step Back</div><div> </div><div> </div>Sith-Traderhttp://www.blogger.com/profile/01923269915062024311noreply@blogger.com0tag:blogger.com,1999:blog-2758868662631432025.post-46267222645930381042010-12-30T03:12:00.000-08:002010-12-30T05:58:20.179-08:00Thursday<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEicdaT8NPB_Ea5BSqlDggqDaAej-LpYOyAYt3mX26hZW4V1BWE4oPOSDn4opHJ4JOX6dqH7jeqNni5q_xqa4IKXjAYepdXsB6rr_4jFs5KB0po7gm8zC0i2D1H9w6Box_d9iNXWXAVptWL5/s1600/Profit.png"><img style="TEXT-ALIGN: center; MARGIN: 0px auto 10px; WIDTH: 400px; DISPLAY: block; HEIGHT: 42px; CURSOR: hand" id="BLOGGER_PHOTO_ID_5556473999221181794" border="0" alt="" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEicdaT8NPB_Ea5BSqlDggqDaAej-LpYOyAYt3mX26hZW4V1BWE4oPOSDn4opHJ4JOX6dqH7jeqNni5q_xqa4IKXjAYepdXsB6rr_4jFs5KB0po7gm8zC0i2D1H9w6Box_d9iNXWXAVptWL5/s400/Profit.png" /></a><br /><div><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEghJW711mzGEXj0LJZW3ufJwbSG9eET2srt5Ehw-6pb31Ye2ay27JwVf_iBXTjjabKWO6BmJEfMW6YkYu6bLVieejhMT2RHIYHojvZYvYRmE0XsanLVXF6bBxkooKvG3MgK9wRyEKqBOyL5/s1600/target.png"><img style="TEXT-ALIGN: center; MARGIN: 0px auto 10px; WIDTH: 400px; DISPLAY: block; HEIGHT: 179px; CURSOR: hand" id="BLOGGER_PHOTO_ID_5556432940528410898" border="0" alt="" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEghJW711mzGEXj0LJZW3ufJwbSG9eET2srt5Ehw-6pb31Ye2ay27JwVf_iBXTjjabKWO6BmJEfMW6YkYu6bLVieejhMT2RHIYHojvZYvYRmE0XsanLVXF6bBxkooKvG3MgK9wRyEKqBOyL5/s400/target.png" /></a> </div><div align="center">Nett : <span style="color:#33cc00;">+15 ticks</span></div><div><br /></div><div></div><div><br /></div><div>Trending but extremely iliquid with 2 ticks spread most of the time. Called the end of 2010's trading.</div><div><br /><br /></div><div align="center">Overall : <span style="color:#33ff33;">+615 ticks</span> in 2 months trading</div>Sith-Traderhttp://www.blogger.com/profile/01923269915062024311noreply@blogger.com2tag:blogger.com,1999:blog-2758868662631432025.post-4654445632463167712010-12-29T00:48:00.000-08:002010-12-29T00:52:49.720-08:00Wednesday Slow<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiKxVp410qzrWregiM79WxMbJj_ZfBSqeOY0n_EjTji9I3hRXfI-pVNAQBpeYjKbTeOx9OSJFPkbamGAn8TNWU6cvEDdLMrYvcEB4iPx-sSHd4kb2rBpxbjWj7euSTeSU1a2wqaF2M8TDTy/s1600/perfect.png"><img style="TEXT-ALIGN: center; MARGIN: 0px auto 10px; WIDTH: 400px; DISPLAY: block; HEIGHT: 229px; CURSOR: hand" id="BLOGGER_PHOTO_ID_5556023639330419330" border="0" alt="" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiKxVp410qzrWregiM79WxMbJj_ZfBSqeOY0n_EjTji9I3hRXfI-pVNAQBpeYjKbTeOx9OSJFPkbamGAn8TNWU6cvEDdLMrYvcEB4iPx-sSHd4kb2rBpxbjWj7euSTeSU1a2wqaF2M8TDTy/s400/perfect.png" /></a><br /><div>Another slow day, so I short when rally. Intend to cover 20-ish ticks only as market still in holiday mode.</div><div></div><div>However, I breached the <span style="color:#33ff33;">600 ticks</span> objective less than 2 months and most of it came from 1 contracts trade only. :)</div><div></div><div align="center">Nett : <span style="color:#33ff33;">+</span><span style="color:#33ff33;">22 ticks</span></div>Sith-Traderhttp://www.blogger.com/profile/01923269915062024311noreply@blogger.com1tag:blogger.com,1999:blog-2758868662631432025.post-71829747868418116752010-12-28T00:53:00.001-08:002010-12-28T00:57:20.660-08:00Tuesday<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhv2RNfiWjJmHdJtGF0urWRzjqkChkQWhSgqrpa6QXwnMFi4VIFoSbyFGpNWAewFIcJXYtB8Z7wdBOT-X1nTinhcKYiIxEw9LX2jdMO15ovdD0lAfDReBlRQc1lxylN4Y-kRDbXB1N2IF3v/s1600/perfect.png"><img style="TEXT-ALIGN: center; MARGIN: 0px auto 10px; WIDTH: 400px; DISPLAY: block; HEIGHT: 371px; CURSOR: hand" id="BLOGGER_PHOTO_ID_5555653867885799602" border="0" alt="" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhv2RNfiWjJmHdJtGF0urWRzjqkChkQWhSgqrpa6QXwnMFi4VIFoSbyFGpNWAewFIcJXYtB8Z7wdBOT-X1nTinhcKYiIxEw9LX2jdMO15ovdD0lAfDReBlRQc1lxylN4Y-kRDbXB1N2IF3v/s400/perfect.png" /></a><br /><div><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhOkHkF7gOM8PE4v7EpYletFu42PTa5SR-7S_QsP5FAptWv9f0M3g4qN0PyV8qu6padq09xwIS3A6iU4NGhvyo8bFe4sUtm85Fa6RqJV4V4busEqQL-Uy3wH1gDnbyCHnbOxTycpqhJSzuD/s1600/Profit.png"><img style="TEXT-ALIGN: center; MARGIN: 0px auto 10px; WIDTH: 400px; DISPLAY: block; HEIGHT: 28px; CURSOR: hand" id="BLOGGER_PHOTO_ID_5555653864440470498" border="0" alt="" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhOkHkF7gOM8PE4v7EpYletFu42PTa5SR-7S_QsP5FAptWv9f0M3g4qN0PyV8qu6padq09xwIS3A6iU4NGhvyo8bFe4sUtm85Fa6RqJV4V4busEqQL-Uy3wH1gDnbyCHnbOxTycpqhJSzuD/s400/Profit.png" /></a><br /><br /><div>Netting <span style="color:#33ff33;">+20</span> ticks in this kind of day sure give me happiness. </div><div>Abandoned all my usual setups, entry on pullback at the 61.8% zone. I planned to averaging down every 30 ticks dropped, except there're major catasthrope coming. But it didn't happen.</div><div>Already nett <span style="color:#33ff33;">408 </span>ticks this month, but still missed <span style="color:#ff0000;">22</span> ticks for phase three.</div></div>Sith-Traderhttp://www.blogger.com/profile/01923269915062024311noreply@blogger.com0tag:blogger.com,1999:blog-2758868662631432025.post-33486775446225879882010-12-23T06:49:00.000-08:002010-12-23T07:06:51.901-08:00<div align="center">Nett : <span style="color:#33ff33;">+2</span> ticks<br />Trades :2<br />Wins : 1<br />Lose : 1<br />Max Wins : 13<br />Max Losses : 11 </div><div align="center"></div><div align="justify">Sometimes trades like buy when it's cheap, take profit early, even planned to averaging down worked in times like this. Dead slow market especially in EUR made me broke all rules with one exceptions: max daily losses intact.<br /><br /></div><div align="justify"></div><div align="justify">First trade, I only planned to make 10 ticks profit. So I entered based on my rules with ultra cautious:</div><div align="justify">1. The setup had already made 2 failure, which was third attempt may give higher probabilities to succeed.</div><div align="justify">2. I entered at 5 ticks better than it should be, so SL also 5 ticks higher.</div><div align="justify">With planned to exit only 10 ticks ptofit, what could go wrong? </div><div align="justify">Well, stopped out at the exact tick before it ripped through the profit target made me very very mad.<br /><br /></div><div align="justify"></div><div align="justify">Second Trade, just 10min before US open, my limit order was filled. I was tend to averaging down if the price against my way 30 ticks. I planned to do it at 2-3 attempt before it reached my daily max loss. Why? It's high probability setup. First I entered near the demand zone. Second, if there're no significant news, my trade highly unlikely will succeed. And it is. Succeed at the first attempt.</div><div align="justify"></div><div align="justify">Done for the week. Should enjoy remaining week without trading.</div><br />Nett for the week : <span style="color:#33cc00;">+66 </span>ticksSith-Traderhttp://www.blogger.com/profile/01923269915062024311noreply@blogger.com0tag:blogger.com,1999:blog-2758868662631432025.post-56620845086697265782010-12-22T01:18:00.001-08:002010-12-22T07:52:21.350-08:00Dull Dull Dull<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhkOvwNbqlIKNemNOkCdRsnZhV0bWlry29ZP3IRLiugTXvwJ415sHhoEnvl8TJVcpfKUr-tMmaX17UC1fNp1sQCH3RJhXyhJWj6U-hgOcO23Bie2glU58qNH_KtJVavpY_PP6YpimLAgKhf/s1600/chop.png"><img style="TEXT-ALIGN: center; MARGIN: 0px auto 10px; WIDTH: 400px; DISPLAY: block; HEIGHT: 221px; CURSOR: hand" id="BLOGGER_PHOTO_ID_5553434716653314418" border="0" alt="" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhkOvwNbqlIKNemNOkCdRsnZhV0bWlry29ZP3IRLiugTXvwJ415sHhoEnvl8TJVcpfKUr-tMmaX17UC1fNp1sQCH3RJhXyhJWj6U-hgOcO23Bie2glU58qNH_KtJVavpY_PP6YpimLAgKhf/s400/chop.png" /></a><br /><div align="center">Nett :<span style="color:#33ff33;"> 0</span> ticks</div><div align="center">Trades :4</div><div align="center">Wins : 1</div><div align="center">Lose : 3</div><div align="center">Max Wins : 22</div><div align="center">Max Losses : 11<br />So I think it's time for me to stop trading, maybe for the rest of this year. Should exit at 13 ticks profit for total 35 ticks but who knew the market might like this.<br /><br />GBP made decent <span style="color:#33ff33;">20+</span> ticks moved while I was focused this damned EUR. Made decent 22 ticks from CHF and losed half of it at EUR.</div>Sith-Traderhttp://www.blogger.com/profile/01923269915062024311noreply@blogger.com0tag:blogger.com,1999:blog-2758868662631432025.post-61366641210778927352010-12-21T06:05:00.000-08:002010-12-21T06:08:38.055-08:00THANK GOD!!!<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi6CpkGfskioe4DJSvmkJDPgg7sF1L0PHuz4trH38KO6YmyUieadT8wb7Ke3aV6koRdQy23P9fQwdcmCKTYJP2EtKlktP6-9f6VyNqgIXckAdStRzdkEH5jIneaYi51qSaVwmJluH2yg57q/s1600/OMG.png"><img style="TEXT-ALIGN: center; MARGIN: 0px auto 10px; WIDTH: 400px; DISPLAY: block; HEIGHT: 225px; CURSOR: hand" id="BLOGGER_PHOTO_ID_5553137144777285170" border="0" alt="" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi6CpkGfskioe4DJSvmkJDPgg7sF1L0PHuz4trH38KO6YmyUieadT8wb7Ke3aV6koRdQy23P9fQwdcmCKTYJP2EtKlktP6-9f6VyNqgIXckAdStRzdkEH5jIneaYi51qSaVwmJluH2yg57q/s400/OMG.png" /></a><br /><div>Time like this is a best way to feel grateful not inside the market.</div>Sith-Traderhttp://www.blogger.com/profile/01923269915062024311noreply@blogger.com0tag:blogger.com,1999:blog-2758868662631432025.post-80951459808588786472010-12-21T00:29:00.000-08:002010-12-21T00:43:24.954-08:00Thursday Early<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhbIPronBi5RE7Xvew8_H7Ygn3VUghN9DySA2RDYLOd61670mwYnJXhv955WExB64-sR0JfQ8wJmf1b-xOhyphenhyphenKrq5m3npEnpGOYSKFhV3xIS7P5HajUqIcUYaG1buZTcz7dSy2Q1-CEKVF7j/s1600/perfect.png"><img style="TEXT-ALIGN: center; MARGIN: 0px auto 10px; WIDTH: 400px; DISPLAY: block; HEIGHT: 220px; CURSOR: hand" id="BLOGGER_PHOTO_ID_5553053368070524994" border="0" alt="" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhbIPronBi5RE7Xvew8_H7Ygn3VUghN9DySA2RDYLOd61670mwYnJXhv955WExB64-sR0JfQ8wJmf1b-xOhyphenhyphenKrq5m3npEnpGOYSKFhV3xIS7P5HajUqIcUYaG1buZTcz7dSy2Q1-CEKVF7j/s400/perfect.png" /></a><br /><div align="left"></div><br /><div align="left">Nett : <span style="color:#33ff33;">+39</span> Ticks<br />Trades : 1<br />Wins : 1<br />Lose : 0<br />R/R : N/A<br /><br />I was not expecting a sudden slammed market today, so I got out early. My plan today: 20ticks or 30 ticks max. Expected the slow market, stopped out couple times, I even happy with 10 ticks profit today.<br /><br />However, there's interesting scenario with 3 perfect scaling up:<br />1. 1st entry at 3184 (Consolidation Breakout)<br />2. 2nd entry at 3158 (61.8% Fibo Rally Pullback)<br />3. 3rd entry at 3141 (100% Fibo Breakoout)<br /><br />Ideal Exit was 10 ticks from last entry which is 3131. With Mini Contract, it may produced $1100++ in lesss than 30 minutes. Risks? $54 :)</div>Sith-Traderhttp://www.blogger.com/profile/01923269915062024311noreply@blogger.com2tag:blogger.com,1999:blog-2758868662631432025.post-27717254416451171652010-12-20T07:50:00.001-08:002010-12-20T08:03:07.027-08:00Monday's Dull<div align="center">Nett : <span style="color:#33cc00;">+25</span> Ticks</div><div align="center">Trades : 5</div><div align="center">Wins : <span style="color:#33ff33;">3</span></div><div align="center">Lose : <span style="color:#ff0000;">2</span></div><div align="center">R/R : 1.2</div><br />EUR moved inside 60 ticks box during Asian to Europe session. Experience this, I trade US session, and stopped out twice. 10.00 EST was trending time if the EUR was narrow. Got in too early, stopped out twice. Got out too early for 25 ticks.<br /><br />The consolidation today was very annoying. And what I liked about EUR is: Breakout was pure. I mean there're rarely like Crude Oil, choppy until end session. Btw today's Crude was very nice. But I can't cheryy pick when oil was good or not. It's frustrating. Tomorrow when I got ready, Crude may chopped again till closing hour.<br /><br />Long hour at EUR give me edge. If there's consolidation all day like today, most likely it will breakout. Plus it's only 60 ticks range. How many day EUR only moved 60 ticks? Almost none except for holiday. Also, how many forex traders out there? They saw same chart, same price action, same movement, and get in almost the same time after breakout. Pure and Clean Breakout like this rarely found in E-mini or other Future Index.Sith-Traderhttp://www.blogger.com/profile/01923269915062024311noreply@blogger.com0tag:blogger.com,1999:blog-2758868662631432025.post-33157839026380473322010-12-17T06:19:00.000-08:002010-12-18T08:45:58.903-08:00Friday's Over<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhJBsWTlO8Sr5iasGu5jtwd_xn-vFaAcwpaCOJ5sq4atP_NhRsGw25jbu0CaRuULUw7MkY5NorCHjuJ2O4uFu6_NfasAc0jiXZ2kqNmZ_NgOzaw2P_MOb5rTvmUmMzoasvDcdM2Y8G8Irva/s1600/Profit.png"><img style="TEXT-ALIGN: center; MARGIN: 0px auto 10px; WIDTH: 400px; DISPLAY: block; HEIGHT: 46px; CURSOR: hand" id="BLOGGER_PHOTO_ID_5551658942930607282" border="0" alt="" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhJBsWTlO8Sr5iasGu5jtwd_xn-vFaAcwpaCOJ5sq4atP_NhRsGw25jbu0CaRuULUw7MkY5NorCHjuJ2O4uFu6_NfasAc0jiXZ2kqNmZ_NgOzaw2P_MOb5rTvmUmMzoasvDcdM2Y8G8Irva/s400/Profit.png" /></a><br /><div><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiuKmoAHT_Mswdi5fk1gEKtuy5vyGswWiG1KBgzJAu6DXLMz6qSB6GJV9UHShGuzd2yOirU-Mn9zakvGieUBNs8R0lchIStHX2wGXkXbgiynv78u-ONGZR8db5k1Mr-9ub5GM-WyQS8ylWU/s1600/perfect.png"><img style="TEXT-ALIGN: center; MARGIN: 0px auto 10px; WIDTH: 400px; DISPLAY: block; HEIGHT: 225px; CURSOR: hand" id="BLOGGER_PHOTO_ID_5551655849722044274" border="0" alt="" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiuKmoAHT_Mswdi5fk1gEKtuy5vyGswWiG1KBgzJAu6DXLMz6qSB6GJV9UHShGuzd2yOirU-Mn9zakvGieUBNs8R0lchIStHX2wGXkXbgiynv78u-ONGZR8db5k1Mr-9ub5GM-WyQS8ylWU/s400/perfect.png" /></a> Nett : <span style="color:#33ff33;">+102 ticks</span></div><div></div><div><span style="color:#ffffff;">Added some scalps (not shown)</span></div><br /><p><span style="color:#33ff33;"><span style="color:#ffffff;">Biggest Swing In My Career So far. It's possible to swing </span>100++ ticks.<span style="color:#ffffff;"> It's still not covered half of yesterday's losses. Now, I'm done for the week. Down</span> <span style="color:#ff0000;">$137</span></span> this week because of stupid Crude Oil Trade.<br /></p><p><span style="color:#33ff33;"></span></p><br />Surprisingly Nett <span style="color:#33ff33;">+14 ticks</span> this week <span style="color:#ffffff;">and up <span style="color:#33ff33;">+323 ticks</span> this month exclude commisions.</span><br /><div><br /></div><br /><div></div>Sith-Traderhttp://www.blogger.com/profile/01923269915062024311noreply@blogger.com2tag:blogger.com,1999:blog-2758868662631432025.post-38858541473985772532010-12-16T07:12:00.000-08:002010-12-16T08:18:14.612-08:00Knew My MistakesNett Loss : <span style="color:#ff0000;">-233 ticks</span><br /><span style="color:#ff0000;"></span><br /><span style="color:#ff0000;"></span><br /><br />It's amazing how I loss my monthly target in just one day. All came from 8.30-22.00 EST. I thought unemployment claim would gave a move. I was wrong. So I just chicken pick and overtrade :( Market might chop longer than I suspect. End of days, expensive lessons.<br /><br />If I just took my modified setup, the result might 3 stopped out and 1 winner. Overall it might result breakeven at worst. In the mean time, I found the fib retracement also worked good. I had no bias at all today. And worse, I was overtrade 2.5 times. Of Course, the market moved at the exact time after I stopped trading.<br /><br />It went back to basic again. 1 single contract, slow trade, etc. Sigh..<br />Please someone cheer me up. Down <span style="color:#ff0000;">$760</span> this weekSith-Traderhttp://www.blogger.com/profile/01923269915062024311noreply@blogger.com2tag:blogger.com,1999:blog-2758868662631432025.post-47484332608355874722010-12-15T07:46:00.000-08:002010-12-15T07:54:09.866-08:00Thursday<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiF0wl7AAnPTfTOybNnd61ONLx_dcAL0XmmwDYhsEoakkeUOCc4m4jr3W67_jcsRXLIWv-RmLaBFS60QHGM-GNQbtZ3YvtB86LqlUosJUDLTealBBmvyEPmelRDET19DgrPCL-m4ZUnt0Cs/s1600/journal.png"><img style="display:block; margin:0px auto 10px; text-align:center;cursor:pointer; cursor:hand;width: 400px; height: 243px;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiF0wl7AAnPTfTOybNnd61ONLx_dcAL0XmmwDYhsEoakkeUOCc4m4jr3W67_jcsRXLIWv-RmLaBFS60QHGM-GNQbtZ3YvtB86LqlUosJUDLTealBBmvyEPmelRDET19DgrPCL-m4ZUnt0Cs/s400/journal.png" border="0" alt=""id="BLOGGER_PHOTO_ID_5550936630293004050" /></a><br /><br />EUR spawn 90 pips range, very narrow. While others like Soybean and Oil made a party. I wasn't part of it :(<br /><br />Though on tight range, there're lot opportunities worth 20-50pips. Today I made my sin, entered prematurely resulted almost double today's profit. But managed to booked single 61 ticks standart contract wiped clean my mistakes plus decent profit. Until I traded again at US session and slammed backed losing almost all the profits. Managed to get out with additional little profit.<br /><br />My daily profit always fragile with losses. 3 consequtive losses may wiped out my previous profit. It wasn't good. Need more and more discipline exceting the trades.Sith-Traderhttp://www.blogger.com/profile/01923269915062024311noreply@blogger.com0tag:blogger.com,1999:blog-2758868662631432025.post-47986608729530176832010-12-14T03:12:00.000-08:002010-12-14T03:14:19.065-08:00Tuesday lay low<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjbgBsoJp2HouITQc_FfYN_QdNmoQqEt1ISCMh1BiU9NxM9e91mQmFhJuAUJnpwCAMjFFm8erTyfjoXqC-mWkmPAFhKFkmV1slSSbNQeI0ffXAu5v0dyKpzdOc7b8XeTVzZkDT2YAGYYCyN/s1600/journal.png"><img style="display:block; margin:0px auto 10px; text-align:center;cursor:pointer; cursor:hand;width: 400px; height: 243px;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjbgBsoJp2HouITQc_FfYN_QdNmoQqEt1ISCMh1BiU9NxM9e91mQmFhJuAUJnpwCAMjFFm8erTyfjoXqC-mWkmPAFhKFkmV1slSSbNQeI0ffXAu5v0dyKpzdOc7b8XeTVzZkDT2YAGYYCyN/s400/journal.png" border="0" alt=""id="BLOGGER_PHOTO_ID_5550494431275018578" /></a><br />I've seen too many untradable days at FOMC Meetng. So I laid low and took it with gratitude :)Sith-Traderhttp://www.blogger.com/profile/01923269915062024311noreply@blogger.com0tag:blogger.com,1999:blog-2758868662631432025.post-14346836032247075772010-12-13T06:38:00.000-08:002010-12-13T06:45:16.405-08:00Monday: Same Old<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjXQfUtNs8RcXAPB56keb9C3xnW59Bk0MUg5aZZm1lG0swQvCF558Jm0HZYAK2XkEOl5AfwJeVS3bq5cyRexwjNNNw6c8sa81icrrUNqK4EDqSEr9GO5a98WA_jOlS_fiTUihAg4Z1DB2Re/s1600/journal.png"><img style="display:block; margin:0px auto 10px; text-align:center;cursor:pointer; cursor:hand;width: 400px; height: 243px;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjXQfUtNs8RcXAPB56keb9C3xnW59Bk0MUg5aZZm1lG0swQvCF558Jm0HZYAK2XkEOl5AfwJeVS3bq5cyRexwjNNNw6c8sa81icrrUNqK4EDqSEr9GO5a98WA_jOlS_fiTUihAg4Z1DB2Re/s400/journal.png" border="0" alt=""id="BLOGGER_PHOTO_ID_5550176712112961490" /></a><br />Bad example for profit taking too early. The reason because market moved too damn slow. SHould happy with the profit and move on for better trading.Sith-Traderhttp://www.blogger.com/profile/01923269915062024311noreply@blogger.com0tag:blogger.com,1999:blog-2758868662631432025.post-29240405371363505122010-12-10T07:28:00.000-08:002010-12-10T07:44:18.686-08:00FRIDAY Overkill!!!<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiaglWggHpK_c40ItXQR-b379DJa9zo18yrDhr1zvPEjPeJ5Vtqj4IhE5HzjNs9h8TnjJkD-ZKsl0QDxcSk7GrS95dJ_s22M6VoBCWhsGt1GM6uJ8zsr39TXokizVSkwM5Z9rrcXMce5gih/s1600/perfect.png"><img style="TEXT-ALIGN: center; MARGIN: 0px auto 10px; WIDTH: 400px; DISPLAY: block; HEIGHT: 224px; CURSOR: hand" id="BLOGGER_PHOTO_ID_5549078016362384050" border="0" alt="" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiaglWggHpK_c40ItXQR-b379DJa9zo18yrDhr1zvPEjPeJ5Vtqj4IhE5HzjNs9h8TnjJkD-ZKsl0QDxcSk7GrS95dJ_s22M6VoBCWhsGt1GM6uJ8zsr39TXokizVSkwM5Z9rrcXMce5gih/s400/perfect.png" /></a><br /><div><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhS9e8cTvqyPM8v9hSdDrPXSAT6sG3domvQnsLU583ZxMjFkavo4tMJhop2x-VfiRiQA5Fb3ersKRnES5iSlzm7XMyU1ksIPV5l7X_SJAcQGc9mSLiTP_7RxhMmE50rBoZI2xzhHdts1KQG/s1600/perfect.png"></a><br /><br /><div><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjtjr4688CTPxqyuMqs7gDwPyfsHiUTt-l47Ake03rvtiZD9FJN5AoBie8vGQUaGNZdWw0hShpbqqcIcsBKnFHWReRW6y92f2dYnU7m0CgOUxWaF_kQf6Xx-7la5C8lCrIVltGyJkkFBdiU/s1600/journal.png"><img style="TEXT-ALIGN: center; MARGIN: 0px auto 10px; WIDTH: 400px; DISPLAY: block; HEIGHT: 242px; CURSOR: hand" id="BLOGGER_PHOTO_ID_5549076108512913858" border="0" alt="" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjtjr4688CTPxqyuMqs7gDwPyfsHiUTt-l47Ake03rvtiZD9FJN5AoBie8vGQUaGNZdWw0hShpbqqcIcsBKnFHWReRW6y92f2dYnU7m0CgOUxWaF_kQf6Xx-7la5C8lCrIVltGyJkkFBdiU/s400/journal.png" /></a> Starting London session with a dull movement. EUR didn't seem giving any signal. So I trade AUD. More than 1 hour it moved in 10 ticks range!! And it's London Session already... GBP, trade it according to signal. It just moved 10 ticks, then stopped me out before flew to 50 pips. I just looked at it, not re-entry. AUD also stopped me out on par, before it slam and rise very quickly for 40++ ticks up. Watched this, no longer want to trade. So I trade the pre-US session. At first I want to trade Mini-Lot as usual. But there're incoming news and the spread might as high as 40 ticks at mni lot. So I switched to 6E. Then looked at Head Shoulder Pattern, but never trade based on that. Just for pre-caution. </div><br /><div>First entry at better price, stopped out... AT THE EXACT TICK as usual!!</div><div>Well, I won't gave up so I re-entry this time with 3 ticks Stop Loss!! That's right, and it never breached. And I held it for more than 2 hours! How many times my mind asked me to bailout at decent profit, I neglected it. In fact, I got out more than I expected. Plan A at 3304, Plan B at 3180. Got out at 3184, near the Plan B. But in the process the 3304 were so tempting. But I stayed with the logic. Price never pullback above 61.8% Fib. That's sign of weakness. Besides, intraday range still less than 100 ticks at that time. So I waited and waited and finally, got out with highly satisfaction. 1 contract: 60 ticks, Risk Reward: 10 times :)</div><div> </div><div><span style="color:#33cc00;">203 ticks</span> in 1 week, sure is a good week for currency trading...</div><div> </div></div>Sith-Traderhttp://www.blogger.com/profile/01923269915062024311noreply@blogger.com3tag:blogger.com,1999:blog-2758868662631432025.post-6494466484886313672010-12-09T07:22:00.000-08:002010-12-09T07:29:49.481-08:00Thursday Early Profit Taking<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjrQgkEu7E0McsyTWrKLFL891EYtcZhnd2LH0K3MJygkxDMzBGb8pS4sbpb3bC56ikDjF1B9Fb44P90TzOr1GeDkINusltaFGy0E2fXga7yswvyKlPHLrGi2cQalnQMfXy0Fk924dPrbaO4/s1600/perfect.png"><img style="TEXT-ALIGN: center; MARGIN: 0px auto 10px; WIDTH: 400px; DISPLAY: block; HEIGHT: 224px; CURSOR: hand" id="BLOGGER_PHOTO_ID_5548703645843582786" border="0" alt="" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjrQgkEu7E0McsyTWrKLFL891EYtcZhnd2LH0K3MJygkxDMzBGb8pS4sbpb3bC56ikDjF1B9Fb44P90TzOr1GeDkINusltaFGy0E2fXga7yswvyKlPHLrGi2cQalnQMfXy0Fk924dPrbaO4/s400/perfect.png" /></a><br /><div><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiCMNGp8nxJX-ImJxyphIGqJHE1zUeXxHeNAJil6EiBIZupj76HE26nkOmquVZ2XHJ0sn7WgwGOewfrGFCRskbRgJoLGX9eniXOLt90iM9VgBRpoogEzd5bkYSyFBZs8JgaY_WpglzAqGMj/s1600/journal.png"><img style="TEXT-ALIGN: center; MARGIN: 0px auto 10px; WIDTH: 400px; DISPLAY: block; HEIGHT: 242px; CURSOR: hand" id="BLOGGER_PHOTO_ID_5548703637915268850" border="0" alt="" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiCMNGp8nxJX-ImJxyphIGqJHE1zUeXxHeNAJil6EiBIZupj76HE26nkOmquVZ2XHJ0sn7WgwGOewfrGFCRskbRgJoLGX9eniXOLt90iM9VgBRpoogEzd5bkYSyFBZs8JgaY_WpglzAqGMj/s400/journal.png" /></a><br /><br /><div>Twice I missed 50 ticks and 100 ticks chances! That's right. Too f****n early. <br /><br /></div><div>London session, stopped out 7 times before it went my way. Early chopped made me nervous so I got out too early. Overall minus 1 tick.<br /><br /></div><div>US session: after one stopped out and one flipping, I made one of the best entry in my life. I shorted at 3238, then price went around +18 ticks, went up above my entry but below my SL. I drew Fibbonacci, it stopped around 3240. I add another position there with 5 ticks SL only. Suddenly it went back diving and I got out partial at 3227 ( should 3221) and 3205 ( should 3180, yesterday's low). However this trade made me happy. No soybean trade today :)</div></div>Sith-Traderhttp://www.blogger.com/profile/01923269915062024311noreply@blogger.com0tag:blogger.com,1999:blog-2758868662631432025.post-29708097852423145272010-12-08T02:35:00.000-08:002010-12-08T02:52:20.651-08:00Wednesday Bulls Eye<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEidlh4syXRR0IzEiGAohhlN-fvdCumu2X57A-bR-gcBSAX5HublNSiP6cgqt7nhCSkYtEqgz_Ck3MfgphvdnIkAFGASOQ5HDqo1w3M9c_luG0U5Bqrzx8Gm6t3dUpvlV6MRbIV9HW27Nz4X/s1600/journal.png"><img style="TEXT-ALIGN: center; MARGIN: 0px auto 10px; WIDTH: 400px; DISPLAY: block; HEIGHT: 242px; CURSOR: hand" id="BLOGGER_PHOTO_ID_5548258433558831762" border="0" alt="" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEidlh4syXRR0IzEiGAohhlN-fvdCumu2X57A-bR-gcBSAX5HublNSiP6cgqt7nhCSkYtEqgz_Ck3MfgphvdnIkAFGASOQ5HDqo1w3M9c_luG0U5Bqrzx8Gm6t3dUpvlV6MRbIV9HW27Nz4X/s400/journal.png" /></a><br /><div>My system worked flawlessly today. Also there's some missed opportunites. Market seemed highly bullish so far. Experts confused with their predicitons, but my system prevailed plus little adjustment prevailed.<br /><br /></div><div></div><div></div><div></div><div><u><strong>Let's see this scenario:</strong></u></div><div>Assumed you had 50% Winning Ratio System with 2:1 Risk Reward Ratio. Then you took max 10 trades every day if you losed and stopped trading if you had 2 winning streaks. The scenario if you lose all 10 trades result 100 pips losses, but this chance are very small. Now let's say you risk 0.5% per trade. 10 trades means 5% losses for the day. Then let's say on average, 10 trades means 50 pips winning daily. You only need to stop after gaining 40 pips. How the result may came after long term? Profit almost in daily basis. Now system with 50% winning and 2:1 RR is not very shabby. Most of novice want a 80%-90% winning ratio. Every system in this world can modified to higher winning ratio sacrificed the risk-reward ratio, or reduced the amount of signal produced. The easiest way surprisingly was a not too high winning ratio like 50%. This system make you realized, there're 50% chance it won't work. Unlike the 80% winning ratio, when you losed 3 times in a row, you may feel betrayand ruined your discipline. It will happened sometimes. Accept the probability and lived with it. Sometimes imperfection bring better result. </div>Sith-Traderhttp://www.blogger.com/profile/01923269915062024311noreply@blogger.com0tag:blogger.com,1999:blog-2758868662631432025.post-32320796281107690582010-12-07T04:47:00.000-08:002010-12-07T05:37:47.485-08:00Tuesday: So Boring<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgOFT3Pfcxf927CRlaDSHRDBANdemcZlysTnwHKHw3gB8fIkruXRRd-bqbERX10jenAX0g-4_KJygOibzhiA4RYBwuC261uKp49eOhTyh5JRFDqFIxQvMBdHU-OsRqYAoY-V-UF4XV1k6Y9/s1600/journal.png"><img style="TEXT-ALIGN: center; MARGIN: 0px auto 10px; WIDTH: 400px; DISPLAY: block; HEIGHT: 242px; CURSOR: hand" id="BLOGGER_PHOTO_ID_5547934061458408658" border="0" alt="" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgOFT3Pfcxf927CRlaDSHRDBANdemcZlysTnwHKHw3gB8fIkruXRRd-bqbERX10jenAX0g-4_KJygOibzhiA4RYBwuC261uKp49eOhTyh5JRFDqFIxQvMBdHU-OsRqYAoY-V-UF4XV1k6Y9/s400/journal.png" /></a><br /><div><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj7UJuGECjs35YkdrDuAJA4gmKHc0pNbABNPshAnvSRFWU1T6vyhoqSC1FeoS5SZdoHdjh3t2SnS8zupWubnYIooDjmcJWKs-cPWuHQnclk20WszQtja872tu2xw9y7aNuQ3fwmUGeSRIYG/s1600/journal.png"></a><br />Market seemed very nice today. Though not strong movement. Mistakes I made, I trade too early today. If not, I may booked $300 profit. Anyway, after missing some actions, it stalled and quiet. Not so chopped. Just quiet.<br /><br />Let's see if non-currency perform better.</div>Sith-Traderhttp://www.blogger.com/profile/01923269915062024311noreply@blogger.com0