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Well time to call it quits in turns of journal writing. I need to concentrate on the basics and not flogging myself over every missed signal. Going back to 5mins today felt good and it resulted in a few nice entries: S1-S3 – at work S4 – nice entry and exit S5 – nice entry –...

Hi Gerry, Sometimes it is a case of you can’t see the wood for the trees…...your post is spot on……...I’m focusing on the negative rather than the positive. I’ve decided that the journal has served its purpose and the self flagellation is now getting counter productive...

Coolweb, You are right of course. But I'm an atheist so the messages are not as clear for me as for you :) No seriously I know I need to act decisively, but I was doing ok 2-3 weeks ago so what has changed. I may just need to take a step back and get some confidence & timing back...

Dan, The move from 1min to 5min seems to be a transition most people make. I loved 1min initially because there were some many signals and it felt safer to have too many rather than too few. But then you realise the risk/reward stinks unless you can truly scalp efficiently and you...

Dan, Sorry meant to ask in last post. I'm assuming your stop is 2pts then - what timeframe does you use ? Cheers

Hi Dan. I just can't understand where all this fear has come from ? I think my expectations are getting unrealistic again. I want certainty so I spend more time on market analysis and check whether my signals work again and again. I've started a few chapters of Trading the Zone again...

Roka, Its a very fair question indeed. I started off with the view that I needed to kick my arse publicly where I didn't follow my trading plan and take all my signals. I've also had some great advice from people which has helped get things in perspective. I think I have improved...

The mantra in my trading plan is ‘Calm, Decisive & Never Give Up’. Well that is the exact opposite of what I demonstrated today. I made some points on one trade, but I’m getting really down on myself for the lack of decisive action on my signals and its becoming a vicious circle at...

Dan, Yeah totally agree with you on psychology. I'm glad you at least got something out of the day. Here is the updated chart with 3 further continuation long signals - if I'd stayed around there was plenty of scraps on the table to fight over :) On a positive note these key reversal...

Well this would have been a good day to pull a sickie !! If I miss the morning session working I always hope that its been a whipsawing tight range. Soooooo painful to turn on the charts today….for my trading plan this is pretty close to the perfect day. S5 and S8 with nice...

Hairy armpits ......

Hi Dandxg, Thanks for the post.....I'm keeping it real because I'm in the middle of the 'mother of all wars' with my psyche :D On your two questions: 1) A question for you and others, if your trades don't go your way right away do you give them your stop loss and bail? Every time...

Ozzy, Tell me about it :D You are right I should be getting 5pts easily. Today was probably a 1-2pter given I was only around for the last few signals (and two of them failed). Unfortunately I'm the weakest link at the moment and I just need to control my fears, focus better and...

Well a lesson today in taking all your signals (S10 to S13)….if you get selective the market will kick your butt. S1 (L) – not taken at work S2 (S) – not taken at work S3 (L) – not taken at work S4 (S) – not taken at work S5 (L) – not taken at work S6 (S) – not taken at...

What should have been an excellent reversal day was a case of loads of missed opportunities. Generally very passive today, concentration **** and exits very poor….apart from all that a good day!! S1 (S) – watched but signal not taken S2 (L) – could see that S1 was struggling but...

I’ve been looking at the trading plan over the weekend and made a few enhancements: The first is around the significance of certain signals and where they occur in the bigger picture timeframes. Since I’ve been watching the 120min & 30min charts alongside the 5min chart over the last two...

Steve, That is the Holy Grail summed up in three sentences. Trading in the Zone baby, trading in the zone ........ Cheers

What a strange day … I had the HOD & LOD nailed as entries….but was saved in the end by one trade (S7) …. with very poor rule following. The fatal flaw in the trading plan bit me in the arse twice (the b/e stop after 1pt in profit). Plus I’m losing a bit of faith in my timing &...

No problem ozzy ... feel free mate....any ER2 trades are welcome here.

Well I thought I’d gone into the wrong thread today …. nice trading ozzy. Anyway my trick of having a sugar free Red Bull when I leave work so I am wired for the afternoon session has worked for the last two days. Maybe I should start a sponsorship deal with Red Bull !! After I got...