Bride of If You Can Draw A Straight Line

[niko]

Quote from niko:

10:27 Trouble at 63,25 DL has not been fanned. Getting worried around here
10:28 DL fanned

10:32 DL broken.
10:36 RET and Short at 61.75,

 

[Gringo]

Niko,

One thing is way better, and that is your execution. You're not second guessing yourself even though some entries may not be perfect. You're working and acting like a machine and reading price fast. That I believe is a wonderful sign and sooner or later with practice the refinements should follow. Good work.

Gringo

 

[niko]

Quote from Gringo:

Niko,

One thing is way better, and that is your execution. You're not second guessing yourself even though some entries may not be perfect. You're working and acting like a machine and reading price fast. That I believe is a wonderful sign and sooner or later with practice the refinements should follow. Good work.

Gringo

Thank you, I am trying to take the trades as they come, and also stop worrying about the minor fluctuations against my position. Still lots of things need to be taken care of, but it is a start. Today was particularly chaotic for me. But at least I get to see things that I used to miss.

 

[dbphoenix]

Quote from Gringo:

Niko,

One thing is way better, and that is your execution. You're not second guessing yourself even though some entries may not be perfect. You're working and acting like a machine and reading price fast. That I believe is a wonderful sign and sooner or later with practice the refinements should follow. Good work.

Gringo

I agree, though we're back in chop. I emphasize again that some days are about controlling losses. Losses here are as minimal as one can get.

 

[niko]

Quote from niko:

10:32 DL broken.
10:36 RET and Short at 61.75,

10:42 Out of the short, this RET is taking a lot of time to complete, not sure if this means I am getting in the chop again. Anyway, long at 64.75.

 

[Hooti]

Quote from dbphoenix:

.... I emphasize again that some days are about controlling losses. Losses here are as minimal as one can get.

thank you
thank you
thank you

 

[dbphoenix]

Quote from niko:

Thank you, I am trying to take the trades as they come, and also stop worrying about the minor fluctuations against my position. Still lots of things need to be taken care of, but it is a start. Today was particularly chaotic for me. But at least I get to see things that I used to miss.

The inoutinoutinout thing is typical of traders who are out of control. There has been at least one thread lately that is a perfect example of this.

But if one can install a switch in his head that flips between long and short depending on whether a demand line or a supply line has been broken, this can reduce uncontrolled trading substantially. If one can't tell where he is with regard to these lines, that's probably as good a definition of chop as any.

 

[niko]

Quote from Hooti:

thank you
thank you
thank you

Hehehe, been there.

 

[dbphoenix]

Quote from niko:

10:42 Out of the short, this RET is taking a lot of time to complete, not sure if this means I am getting in the chop again.

That plus the trade isn't doing what you expected it to do.

The Dog That Didn't Bark.

 

[niko]

Quote from dbphoenix:

That plus the trade isn't doing what you expected it to do.

The Dog That Didn't Bark.

Yep, more lessons learned today. Will review and post. Thank you all for being around.