Uncle's Trading Journal

I took another long and got smoked again -- today account value goes below the value at the start of the journal..

currently stands at around ~13,500 -- account value lost a few ks over last two trading sessions -- both days have had wider than normal spreads and I was stuck both time fading the moves only to get killed again and again --

Market moves were too fast to implement short stops and got stuck with positions before I was even able to articulate my stops in the journal -- will have to re-think my mental stop strategy and will likely revise for an automated one and also will consider a requirement for a journal post prior to entry..
 
we are back inside this bell curve,you could trade the smaller time frames inside the larger s/r and mean ,watch the larger picture and trade the smaller time frames within it,never trade your acct,just keep an eye on the damage yellow are smaller bell curves of double blue line larger bell curve
 

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smaller timeframe the widest ,narrowest and ledge areas are target spots for the trading vehicle to move to,along with the support or resistance trend lines ....it moves within a larger bell curve,the big players,......make a note of that so you can see when it;s shifting sentiment, use the smaller time frames to get in and out as a smaller fish staying out of their way...at these points, 95% of the time it will reach and reverse or at least a dead cat bounce
 

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at the highest point he was like 25% up on his account within 2 weeks of starting...so high volality is to be expected in his P/L curve...most likely overleveraged
 
eur...not overleveraged but maybe overtrading,not waiting for s/r entries..and trading with a bias,it's necessary but some days your wrong and your head wont change,gets stuck or stubborn,just have to take your loss and come back to fight another day
 

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Quote from jokepie:

Are you maintaining your risk per trade some what stable..?
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I had intended to keep my risk constant in pips not dollars (around 7-10 pips) -- but market has been really fast and moved against me by twice my stop within seconds.. a little de-stabilizing but managed to get out both times with losses of ~25 pips
 
Quote from ammo:

we are back inside this bell curve,you could trade the smaller time frames inside the larger s/r and mean ,watch the larger picture and trade the smaller time frames within it,never trade your acct,just keep an eye on the damage yellow are smaller bell curves of double blue line larger bell curve
More...

Thanks ammo -- is this based on futures volumes or do you actually get volume for spot? Is the volume cumulative from June 2010?
 
its based on amount of time it spent at each price,no volume used ,just time,ledges represent a large working seller or buyer at a certain price,nips represent large amount of buyers and sellers at a price,a mean,when we return to those areas ,say in the last hour ,the previous buyers at 4240 were happy to get out for break even and it stopped rising
 
it should have filled that cleavage at 4245-47,it still might,the fact that it didnt,sellers came in early and pushed it back to the nip ,might suggest that they are in trouble and we will extend down for a new low
 

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