[jonbig04]

So yesterday my long was stopped a tick above the LOD. Today, guess what: my short was stopped a tick below the HOD lol It sucks, especially when you stay up all night because price was so close to R. Unlike yesterdays stop I'm actually proud of this entry. I was patient for hours waiting for some climactic volume as I knew there was a possibility that R was higher up (even thought I didn't think it was). I figured it price bent my level it wouldn't be by more than the previous bend. So I was able to get pretty close on the short, but missed it in the end. No big deal though. I'll be moving R for monday morning.



The navy blue lines in all my charts are just alerts, nothing more.

[jonbig04]

monthly summary


Monthly net on all trades= +23.5ES

Accuracy (excludes BEs) 33%

I had to erase my database so I couldn't use ninja to find the net, rather I scrolled back from the first of the month and just wrote them down. I'm pretty sure its right, but don't shoot me if I missed one stop or something. It's really not that important.

I learned a lot this month. I beat my goal, which is good, and that was without taking any test 1 trades during the first week. The test one trades really are where its at. Although not as accurate as the BO trades, they are more profitable. If I had taken first test trades during the first week, well the result would be even better. A lot better. But there is no point in speculating. I have all next month to take them. I also learned this month just how different the BO trades are from the first test trades. The BO trades are simply WAY more accurate. I need to be more aggressive in taking them ( I missed 2 or 3 this month). Thats the contrast between these 2 setups. I need to be cautious with the first tests and wait for good fill. With the BO trades the higher accuracy merits a more aggressive entry (less confirmation). The BO trades simply don't happen very often and take days or even weeks to setup. They also happen usually during major news (which I am now keeping track of and monitoring).

I feel my trading is really improving, and not only because my net is, but I can just tell. I can't really describe it. I was pouring over charts in late June (as I always do) and something just clicked in me. I think it has something to do with what atto said to me. He said "ask yourself 'who cares' when you see something on a chart". Something about the statement really made me focus not on the arbitrary nature of a setup, but WHY its a setup and WHY it works.

Don't get me wrong, I'm still a noob who can and will stink it up (eg today and yesterday), but somehow I feel more confident in my trading because I understand why I am doing what I'm doing. Size increases are on the way, but thats not something I am going to put in the journal. Anyways the point of all this is just that after a year of working my ass off its nice to see a damn light at the end of the tunnel, ya know?

[daedalus]

You have made spectacular progress since I first started tracking your progress 61 pages ago. Keep at it man!!!

You use very simple analysis, but very logical analysis and I think it contributes a lot ot your success. You didn't get caught up in the indicator rabbit hole and stuck with the most important things in the market.

Keep at it!

[jonbig04]

Thanks daedalus, indicators were never for me. Though I did look at the ADX for about 2 hours one day when I first started, but thats about it. I can't say that X or Y doesn't work, but what I can say is you don't NEED them, so why complicate things? I really do try to keep it simple. One day I spent an hour writing on and annotating a chart of that day's price action. I was very proud when I was done and sent it to a trader I looked up to. He didn't say my analysis was wrong, he just asked me "how can this help me make money?". Now I always ask myself that question before I write like 9 pages of analysis...of course sometimes I still do haha. thanks for the kind words.

[jonbig04]

Here's to a good trading week for all! Well..except for the guys on the otherside of my trades

[boru]

Originally Posted by jonbig04 »

Here's to a good trading week for all! Well..except for the guys on the otherside of my trades

jonbig04 just wanted to say thanks for your log, i've read it over twice because it really struck a chord with me. we trade similar styles, I to came from the anek school and will always be grateful for so many helpful people in the trading community. wish you well boru

[jonbig04]

Originally Posted by boru »

jonbig04 just wanted to say thanks for your log, i've read it over twice because it really struck a chord with me. we trade similar styles, I to came from the anek school and will always be grateful for so many helpful people in the trading community. wish you well boru

Thanks. It means a lot that maybe, just maybe, this log will make someone's trading journey just a little bit easier.

[jonbig04]