dr.blix's 'trades of shame' journal

[dr.blix]

i've just opened a E$ (euro-dollar) trade.

its one i'm very likely to get stopped out on, as i simply opened a position in the direction that i feel the longer TF will take it.

i do this almost continually with FX. i'm quite often correct with my direction calls, but have no patience in waiting for a good entry price.

 

[Ciao]

Bravissimo Dr. Blix

looking forward to your input on stocks
if I could add to your comments on AIM I would add "volume" some day they got near to nothing..... however IMO if getting the right one con bring quite few £££

look HAWK (August 2007 "or even earlier" to May 2008) it was pumped to over a £..... but it is nice to ride those waves...

good luck

 

[dr.blix]

Bravissimo Dr. Blix

looking forward to your input on stocks
if I could add to your comments on AIM I would add "volume" some day they got near to nothing..... however IMO if getting the right one con bring quite few £££

look HAWK (August 2007 "or even earlier" to May 2008) it was pumped to over a £..... but it is nice to ride those waves...

good luck

hi ciao, i was thinking of starting a thread in the 'UK shares' section to try and get some people together who are trading small caps.

i may just try to incorporate that in this thread...not sure. i will be posting charts here to show my rationale behind my trades.

feel free to post any too ciao (if they are smallcaps).

 

[dr.blix]

i've just opened a E$ (euro-dollar) trade.

its one i'm very likely to get stopped out on, as i simply opened a position in the direction that i feel the longer TF will take it.

i do this almost continually with FX. i'm quite often correct with my direction calls, but have no patience in waiting for a good entry price.

stopped out for -20 pips, i think one of the problems is my position sizes are so small i fail to take it seriously enough.

 

[dr.blix]

i'm short again E$ @ 15009...i'm trading a channel wall

 

[dr.blix]

i'm short again E$ @ 15009...i'm trading a channel wall

took + 20 pips, then gave them back plus a lot more because i dropped into a 10min TF and traded what i thought would pan out to be a bearflag but collapsed.

totally stupid wanting to trade small swings within consolidation...but that's the kind of stupid thing i do on FX.

 

[Ciao]

hi ciao, i was thinking of starting a thread in the 'UK shares' section to try and get some people together who are trading small caps.

i may just try to incorporate that in this thread...not sure. i will be posting charts here to show my rationale behind my trades.

feel free to post any too ciao (if they are smallcaps).

OK thanks will do that .... but my main market is USA (95%) it is lovely to scalp

 

[dr.blix]

i have a E$ short on from 15031.

seeing bearish RSI osc div on H1. stochastic crossing over near overbought in a few different TFs.


what i keep doing is jumping in too early, my stop getting hit, then missing out on the main move.

for some bizarre reason i didn't even think of using orders SBing FX until very recently...i impulsively fire on a position almost as soon as IG's loaded up.

hardly surprising i fail constantly.

 

[dr.blix]

i have a E$ short on from 15031.

seeing bearish RSI osc div on H1. stochastic crossing over near overbought in a few different TFs.

what i keep doing is jumping in too early, my stop getting hit, then missing out on the main move.

for some bizarre reason i didn't even think of using orders SBing FX until very recently...i impulsively fire on a position almost as soon as IG's loaded up.

hardly surprising i fail constantly.

managed + 60 pips on this, trailed a stop to 15 pips behind....shame i didn't leave it open, but hey.

as of today i'm starting a 30 pip per day target.

i've tried this before (20 pts per day) on the FTSE, but just couldn't keep my discipline.

i'd hit my target (on a good day) and then carry on opening positions until i'd lost the days gains plus more...

 

[dr.blix]

i've been calling a drop on the E$ for days.

it finally happens...i take 60 pips, right now that could have been 130...what a tit.

 

[dr.blix]

lost 20 pips trying to catch the E$ falling knife.

made 25 pips with a long which i closed just before a 50% retracement @ 875 (plus it was a bearflag on a 10m TF).

i waited for the bearflag to play itself out, then went long again a 868 (not a very good entry), i'm going to leave it on overnight and see if E$ can make a 50% retrace of todays drop...this should take it to around 940...quite a tight stop of 15 pips.

i'll see where its at in the morning.

 

[hwsteele]

Good lord man!
Why are you gambling like this?
Next time you get ready to make a trade with out thinking it through slap your self once hard in the face for me!:!:
Fire a trade off as soon as you open the platform?:-0
Did you really say that?:?:
Slap yourself again just for that!
If you want so much to gamble go to a casino.:clover:
You need to really start treating your trading like a business.

You are a better trader than this!
I think you need to start sitting on your hands more.
You know this why am I having to tell you?

 

[dr.blix]

Good lord man!
Why are you gambling like this?
Next time you get ready to make a trade with out thinking it through slap your self once hard in the face for me!:!:
Fire a trade off as soon as you open the platform?:-0
Did you really say that?:?:
Slap yourself again just for that!
If you want so much to gamble go to a casino.:clover:
You need to really start treating your trading like a business.

You are a better trader than this!
I think you need to start sitting on your hands more.
You know this why am I having to tell you?

haha...oh the shame!

well this is why i started the journal HW...to shame myself into not opening ill thought out positions.

in my defence i don't treat equities in this way, as the position sizes on those are relatively substantial.

i tend to play around with FX because i'm only SBing small positions, which is where my cavalier attitude problem comes in.

but, you're right, essentially its gambling...a very bad habit...and although the positions are small, its the principle of gambling that's dangerous and counter-productive to the learning process (which is the only reason i started SBing, as a tool to learning TA).

 

[dr.blix]

ok, made 3 E$ trades today.

first one went long @ 14738 on a channel floor with bullish RSI osc div. closed for + 37 pips.

opened another long but got stopped out ( i'd kept my stop tight at around 12 pips), this went on to go in my direction after it took out my stop. - 12 pips

took another long on the bullish osc div (on 10m and H1 TFs) and closed for + 12 pips.

probably should have moved the stop to BE on this one as i could see a potential 780 on the cards, but closed it once i'd got back the 12 pips i'd just given away.

good to end on an up anyway.

i'm going to set myself a new daily target of 30 pips, try and get some structure and discipline back into my trading.

 

[Ciao]

hi ciao, i was thinking of starting a thread in the 'UK shares' section to try and get some people together who are trading small caps.

i may just try to incorporate that in this thread...not sure. i will be posting charts here to show my rationale behind my trades.

feel free to post any too ciao (if they are smallcaps).

hello dr.blix.... sorry I haven't posted because I haven't traded any UK stocks (as I have said my main trading market it is USA) at the same time been busy with my olive groves (I am a small olive oil producer... the best oil )

I will post whenever I will trade some..

take care and make plenty £££$$$$

 

[dr.blix]

hello dr.blix.... sorry I haven't posted because I haven't traded any UK stocks (as I have said my main trading market it is USA) at the same time been busy with my olive groves (I am a small olive oil producer... the best oil )

I will post whenever I will trade some..

take care and make plenty £££$$$$

hey ciao, no worries, def post whenyou trade in any UK smallcaps though...i'd be interested to see your analysis, and i'd like to offer any views i might have too.

i'll also start posting the smallcaps that i monitor/trade for you to view too.

do you export your oil ciao?? let me know if you do and i'll keep my eye open in the local deli!

 

[Ciao]

hey ciao, no worries, def post whenyou trade in any UK smallcaps though...i'd be interested to see your analysis, and i'd like to offer any views i might have too.

i'll also start posting the smallcaps that i monitor/trade for you to view too.

do you export your oil ciao?? let me know if you do and i'll keep my eye open in the local deli!

Hello Dr.B
if I tell you my analysis you will be shocked..... I only trade what goes up in that particular time...if it reverse (wrong timing) I sell so I lose less and make more.... the best scalping strategy (I suggest not to follow it)
jk apart (but in one way quite serious) in the UK I follow ACTA EME GKP HAWK IFL MANA PXS UNIQ my lates NTOG all p&d as you know like most AIM stocks and few others but lately those are the one that give me most satisfaction.... if I am in front of the PC I scalp otherwise I ride the waives but get out before (I prefer small profit instead of chasing the big one and end up losing)
I will post when I get involved (bought PXS under 6p hopping to double (eventually)

for my other interest "olive oil" I will explain a bit better next time (it take me a while to put something sensible in English) but my motto is "quality over quantity" and I make sure that is done that way of course I produce less (wastage by not spraying chemical etc..) collect the olive in the morning by the evening I got my oil (so it doesn't take the acidity and lose some of the important goodness and keep it is fragrance softness etc...etc... and above all it is an 100% "extra virgin olive oil" I could go on into something more deep but this is a trading thread .....

export is too expensive but I got quite few English that come and get it when on holiday and I got a good market in Monte Carlo they are not short of a penny...
this year it is going to be an excellent year so there will be plenty

enjoy your evening

 

[dr.blix]

i follow provexis too ciao, not traded then as yet though.

some of the ones i also trade are: DISL, AGQ, CEB, AFE, GGG, INGG, KDD, MWA, RGM

nothing wrong with your trading style ciao, you're just trading the trend, nothing wrong with simplicity...if it works, it works!

 

[dr.blix]

3 cheeky little E$ trades:

long closed +10
long closed -12
long closed +41

i've hit my target for 2moro (monday). as i'm 9 pips over my target i may allow myself 1 trade with a very tight stop, if i get stopped out i've still hit my target.

could anyone tell me if they think this is a bad idea to do this? does it sound like i'm desperate to get my 'fix'...should i just not trade at all and thus be a definite 9 pips closer to the ultimate weekly goal of 150 pips?

 

[dr.blix]

probably should have moved the stop to BE on this one as i could see a potential 780 on the cards

780 E$ level turned out to be a well respected.