my journal

This is a discussion on my journal within the Trading Journals forums, part of the Reception category; SHOT signal that I must follow will come in about 10 minutes. Despite it not looking good to me....

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Old Dec 15, 2009, 5:16pm   #1516
 
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Re: my journal

Yamato started this thread SHOT signal that I must follow will come in about 10 minutes. Despite it not looking good to me.
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Old Dec 15, 2009, 5:18pm   #1517
 
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Re: my journal

Yamato started this thread ENTRIES must be made if:
1) time is 15.00 to 20.00 CET
2) your entry and your take profit are > 10 ticks away from any pivot lines
3) you're checking "correlated" chart for exact timing of entry
4) the 225-period ma is in favor by > 10 ticks
5) the 15-period ma gets crossed by price (in favor) after being on the other side >= 4 minutes
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Old Dec 15, 2009, 5:25pm   #1518
 
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Went SHORT

Yamato started this thread See pictures for my short. It didn't look good, but the signal was clear.

Far >10 ticks as far as pivot lines:
snap1.jpg

Fast ma crossover, and slow ma was > 10 ticks far:
snap2.jpg

All requirements fulfilled.
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Old Dec 15, 2009, 5:33pm   #1519
 
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Re: my journal

Yamato started this thread 17.20sh to 17.30sh CET

Satisfied. Didn't look good, but worked. Getting more and more used to system making money.

snap1.jpg

Probably another trade is coming in a few minutes.
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Old Dec 15, 2009, 5:35pm   #1520
 
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Re: my journal

Yamato started this thread 1) time is 15.00 to 20.00 CET
2) your entry and your take profit are > 10 ticks away from any pivot lines
3) you're checking "correlated" chart for exact timing of entry
4) the 225-period ma is in favor by > 10 ticks
5) the 15-period ma gets crossed by price (in favor) after being on the other side >= 4 minutes
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Old Dec 15, 2009, 5:43pm   #1521
 
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Went short again

Yamato started this thread Let's cross our fingers.

snap1.jpg
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Old Dec 15, 2009, 5:49pm   #1522
 
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Re: my journal

Yamato started this thread Oh well, so far it went 2 ticks away from take profit... but my rules say i can't exit early so what can i do?
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Old Dec 15, 2009, 5:51pm   #1523
 
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Re: my journal

Yamato started this thread Should i change the mother ****ing rules, during an ongoing trade, like i said to that girl not to do just a few hours ago?
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Old Dec 15, 2009, 5:52pm   #1524
 
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Re: my journal

Yamato started this thread Let's not. Otherwise from today on, i will always have to worry about whether it'd be good to exit early. Let's not change the rules.

I'd have to stress out continuously about where I should be exiting...
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Old Dec 15, 2009, 5:53pm   #1525
 
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Re: my journal

Yamato started this thread On the other hand, I knew it wouldn't fall any more on that down leg, and now I am up 70 from 220 a few minutes ago, and i knew it was it. I knew the fall was over.
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Old Dec 15, 2009, 5:56pm   #1526
 
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Re: my journal

Yamato started this thread Had i exited early, right now i would be taking a third short signal. But maybe it was for the best because this third short signal might fail.
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Old Dec 15, 2009, 5:58pm   #1527
 
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Re: my journal

Yamato started this thread Oh, by the way, I backtested early exits and it doesn't turn out to be more profitable: that's one of the reasons I am not exiting early. However, a discretionary early exit is quite different from a backtested early exit, which is like a blind early exit, especially since my skills are not good enough to backtest it almost like a human early exit would be, and my parameters for an early exit are too simple.
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Old Dec 15, 2009, 6:01pm   #1528
 
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Re: my journal

Yamato started this thread Right now things are like this: either the fall is over, and what are the chances of that? Or my trade will turn profitable. If my trade is not profitable, then the fall would have to be over and then it would make sense to sell the house and go long with all the contracts I can buy.
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Old Dec 15, 2009, 6:03pm   #1529
 
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Re: my journal

Yamato started this thread However... it also sucks that after an overall profit close to 500 I might now end the day at breakeven because my second trade fails - just because of the day's low being 2 ticks away from my take profit.
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Old Dec 15, 2009, 6:04pm   #1530
 
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Re: my journal

Yamato started this thread I might become so irrational as to change my rules and put the early exit back in there again. Which would... I don't know any more at this point if it would suck or not. My discretionality is usually bad, but just because it's discretion given to a compulsive gambler. If I were a bit more balanced, that early exit freedom would only be a good thing. But since I am a sick and unbalanced person, I need strict and unequivocal rules.
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