You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an alternative browser.
You should upgrade or use an alternative browser.
Chronicle of a Death Foretold ?
- Thread starter jjrvat
- Start date
Today March 14 2007 European Session: (Live EUR/US Futures)
19: 20 GMT +1
Closing Day (0 trades) and Week 2
1. I have been paper trading the last 3 days with good results ... but everytime I tried live I couldn't pull the trigger ... I´m paralyze!!!
2. I made some tweaks to my entries (I´ll post them next week) that seems to be working .... However, I think the problem is more psychological than technical:
a. Before starting this journal I paid less attention to the analyzes of the market direction and more to the entries and exists.
b. Now with real money, I think I´m overanalyzing the direction ... I´m right in the long term but I forgot that I´m trading in the short term... It´s difficult to go short in M2 when I´m convinced that the market is going up in M60.
c. This is good only if I change my system to a more long term approach which is not the case for now ...
d. I´m too scare to lose money in the market again (I lost 5k, which is a lot for my small account, in 2 months when I made the move from stocks to Forex and after to futures). I haven't fully recover my confidence after that... I´m still working on this.
3. I´m taking a break until next monday.
jjrvat
19: 20 GMT +1
Closing Day (0 trades) and Week 2
1. I have been paper trading the last 3 days with good results ... but everytime I tried live I couldn't pull the trigger ... I´m paralyze!!!
2. I made some tweaks to my entries (I´ll post them next week) that seems to be working .... However, I think the problem is more psychological than technical:
a. Before starting this journal I paid less attention to the analyzes of the market direction and more to the entries and exists.
b. Now with real money, I think I´m overanalyzing the direction ... I´m right in the long term but I forgot that I´m trading in the short term... It´s difficult to go short in M2 when I´m convinced that the market is going up in M60.
c. This is good only if I change my system to a more long term approach which is not the case for now ...
d. I´m too scare to lose money in the market again (I lost 5k, which is a lot for my small account, in 2 months when I made the move from stocks to Forex and after to futures). I haven't fully recover my confidence after that... I´m still working on this.
3. I´m taking a break until next monday.
jjrvat
Today March 21 2007 European Session: (Live Futures) Updated
11:20 GMT +1
End Trade 1 Overview
1. Entry 11:00 AM (133.49).
Price below 36 SMA? (yes) Short (yes)
M2 Confirmation ? (yes)
Daily pivot hit? (yes).
2. Exit 11:15 AM (133.46)
Reason: Hit Profit Target
3 pips profit
Comments:
1. Maybe my exit was too soon? ... I got scared with no reason ... 11:18 Price 133.43
jjrvat
11:20 GMT +1
End Trade 1 Overview
1. Entry 11:00 AM (133.49).
Price below 36 SMA? (yes) Short (yes)
M2 Confirmation ? (yes)
Daily pivot hit? (yes).
2. Exit 11:15 AM (133.46)
Reason: Hit Profit Target
3 pips profit
Comments:
1. Maybe my exit was too soon? ... I got scared with no reason ... 11:18 Price 133.43
jjrvat
Today March 21 2007 European Session: (Live Futures) Updated
11:45 GMT +1 (133.54)
Comments:
1. Maybe my exit was too soon? ... No!!! Price broke pivot point and is moving towards M10 36 SMA and pivot (133.57/133.60) which is my next entry point if hit in the next 45 min.
Status: Waiting for confirmation to go short
jjrvat
11:45 GMT +1 (133.54)
Comments:
1. Maybe my exit was too soon? ... No!!! Price broke pivot point and is moving towards M10 36 SMA and pivot (133.57/133.60) which is my next entry point if hit in the next 45 min.
Status: Waiting for confirmation to go short
jjrvat
Today March 21 2007 US Session: (Live Futures)
15: 24 GMT +1
Trade 2
1. 15: 24 (133.50). Price below 36 SMA? (No) short (no)
2. M2 RSI overbought? (yes)
M2 Confirmations (Yes)
Daily pivot hit?: (yes)
Status: It looks like a perfect sell entry ... but price slighlty broke the 36 SMA in M10.... waitng to pull the trigger
jjrvat
15: 24 GMT +1
Trade 2
1. 15: 24 (133.50). Price below 36 SMA? (No) short (no)
2. M2 RSI overbought? (yes)
M2 Confirmations (Yes)
Daily pivot hit?: (yes)
Status: It looks like a perfect sell entry ... but price slighlty broke the 36 SMA in M10.... waitng to pull the trigger
jjrvat