my journal

[Yamato]

Wow, thank god I got out this morning. Huge unexpected fall... back from work. Ready for my daily trade.

 

[Yamato]

Everything too oversold to go short today. I am waiting for a long signal.

 

[Yamato]

Plus today is Friday. We will go up on all these markets: ES, CL, EUR, GBP... huge rise approaching.

 

[Yamato]

Going long at next bullish crossover.

 

[Yamato]

Half gambling, half system. Going long and getting out at next crossover. Can't waste this opportunity. But it's a trade outside the system. A bounce up is overdue on the EUR.

 

[Yamato]

There would have been a short signal for me, a few minutes ago, but I am not taking a short signal in this highly oversold market.

 

[Yamato]

My rules precisly state so:
1) time is 15.00 to 20.00 CET
1) it's your first discretionary trade today (you can't trade discretionary outside this system)
2) your entry and your take profit are >=10 ticks away from any pivot lines
3) you've looked at "correlated" chart (3 months to 1 hour): no LONG/SHORT if you think markets are highly OVERBOUGHT/OVERSOLD
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

 

[Yamato]

Going LONG at next bullish fast ma crossover and staying long until ma gets recrossed. But at most 20 ticks stoploss. Partly a sniper system rules trade.

 

[Yamato]

I went LONG but it's not a fully sniper trade (against slow ma, and therefore against the trend) so I am not entering any details. Besides, since this morning I am into semi-gambling mode.

 

[Yamato]

By the way, the short signal that I skipped because I thought we were too oversold just provided the 20 ticks profit, not to me but to a hypothetical me who made the trade.

 

[Yamato]

I am losing 90 dollars with my own trade (against the trend).

 

[Yamato]

Losing 140.

 

[Yamato]

Come on, the EUR is too oversold. Don't give me this bull****.

 

[Yamato]

Went LONG another contract.

 

[Yamato]

Full gambling mode.

 

[Yamato]

Ok, getting out of these positions as soon as it re-crosses or as soon as I make my takeprofit of 20 ticks (it was a partially sniper trade... a sniper who went into shooting rampage).

 

[Yamato]

Got out for a bit over 100 profit. I should have gotten out at the top, but I didn't know it was the top.

 

[Yamato]

I am getting in again at the next bullish crossover.

 

[Yamato]

We're too oversold to be taking any short signals.

 

[Yamato]

I guess I could trade all day long and on any markets if I just follow my instincts and stayed within the fast moving average. I think I'll try that. If I end the day with an extra 1000 dollars, I'll do it every day, and screw the sniper system, which nonetheless taught some discipline by meaning to teach me absolute discipline.