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Old 03-05-2013, 07:42 PM   #1

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Niko´s Log

I have found out that the fact that one feels the moral obligation to write just because one thinks that there is an audience, is enough incentive to develop the discipline required to write a journal, and I have also found that if one knows that someone is going to be reading what one trades one tends to be more responsible with the way one trades, in other words one feels compelled to follow the plan.

That is why, and taking into account DbPhoenix suggestion (to whom I am extremely grateful) I will start posting the recount of the day´s action, as I trade it,starting tomorrow.
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Old 03-05-2013, 07:49 PM   #2

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Re: Niko´s Log

Will you be serving drinks? Wine and cheese?
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Old 03-05-2013, 08:02 PM   #3
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Re: Niko´s Log

look forward to following along Niko
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Old 03-05-2013, 08:10 PM   #4

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Re: Niko´s Log

I'll reading along to Nik, thanks
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Old 03-05-2013, 08:13 PM   #5

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Re: Niko´s Log

For now, only words, that is why I said "one thinks that there is an audience", I like to imagine people read what I write in order to feel accountable to someone, trading is a very lonely endeavor as everybody who takes this seriously knows, even if you are in a trading desk full of people, when it comes to take a trade, you are on your own, and what I have learned so far is that when I am on my own I usually screw up .

Anyhow, perhaps in the future there will be drinks and some treats.
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Old 03-05-2013, 08:31 PM   #6

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Re: Niko´s Log

Well, well, there is an audience. Thank you guys.

Here is my first CSW recount (I did not trade like this, but this was what my plan would have told me to do). Today was a mess as we discussed with Tomer in the chat, we thought that yesterday was choppy, but that was because we did not know about today .



In total there were 4 setups that showed up during the day, but only one that originated around a level of R identified in foresight:

1. As can be seen the day started with sellers hitting S three times at 27, then came the first HL, when prices finally broke above the LSH, buyers managed to reach the R area around 62.

2. There sellers were waiting and after a DT managed to break below the LSL, now that setup has not been tested therefore no entry would have been activated. After buyers defended the MP they were unable to make a HH or a DT, and the awaited LH appeared. As this was born around the R area, I think I would have taken this short in RT. Now given the fact that the entry would have been around the MP, I would have been subject to the chop that I have usually found around those levels. And the profit potential would have been very limited if not stopped out at a swing high.

3. Price found S again around 27, and buyers pushed for a HL this again was a failure.

4. I would possibly not take this trade: Too close to 12:00 when I close operations and still within the chop.

Well at least this was not one of this days when I wept in desperation because the chop has taken away a big chunk of my account.
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Old 03-05-2013, 08:33 PM   #7

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Re: Niko´s Log

I think I am having the same chart problem that Tupapa has, does anyone know how to fix it. I mean, the fact that the charts require members to log in again to be able to see the picture.
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Old 03-05-2013, 08:35 PM   #8

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Re: Niko´s Log

I can't help directly bec I don't have moderator privileges here. Tell me step by step how you do it.

Or contact this guy: edgararakelyan. His log is just below. Whatever he's doing works.

My edit window is still open. Can you see a thumbnail sketch or just the link?
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Last edited by DbPhoenix; 03-05-2013 at 08:51 PM.
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