Over the last two years, I have been busy trying to improve. Surprise, surprise :). I have build hopefully solid foundation for machine learning concepts. I have been grinding & learning new trading products such as Options and Stocks. I have been in contact with guys from SMB Capital to learn new styles via their …
It has been a tradition of mine to have a look at the past year and areas I have set systems and goals for. I am strong believer of Systems over Goals. Goals can usually only give clarity on the direction, but their longevity is poor and they do not contribute to long term happiness. …
Tell me something I don’t know factor: High Length: 25 subway drives (375min reading time or 221 small pages) Main idea in one sentence (or two): Talent is learned, not born and learning is done by something called myelin that wraps around our neuron curcuits every time we learn. By wrapping myelin we are increasing …
Ok. After a while of not being present, traveling, working on my trading game and other projects, it is time to summarise what is cooking in the kitchen :). So what I have been doing lately?
TRADE SUMMARY: selling the aggressive rejection and break of market structure on retrace due to SFP
TRADE SUMMARY: this trade had a good base. Started to create higher lows and momentum. Based on the I have decided to enter on retrace. Got in at very good spot. Unfortunatelly, this was a trade: run or run away. Market run, but just for a while. It reached a nice open profit, but then shit itself. I did not want to risk it since it went against my rule of run or run away type of position. I have decided to close the position on rebound. Market eventually reached my target. Overall, decent trade.
TRADE SUMMARY: market pushed higher, I was expecting the retrace to play the takeout of the stops. This trade was quick and I knew I was immediately wrong. I got out on the rebound.
TRADE SUMMARY: Big disappointment of the month were AUDUSD where I was targeting +3R. Unfortunatelly, a month long position was closed just for 0.3R. I am happy for 0.3R at least, because if I would be stubborn, it would eventually hit my sl. So what happened? Market broke nicely out of 7600. It held 7600 and moved forward. At this stage I was expecting market to be quicker. But I was patience. New higher lows were created, no rush. New higher highs were created. I got first worried when the 7650 got broken a bit. New high was not created and 77 held as a resistance to buyers. That was a first moment of doubts. When 7600 was attacked, I knew I had to get out. I have waited for the bounce and got out. Very small profit, good trade.
TRADE SUMMARY: This trade was a great example of me not getting married with the position. My initial hypo for this trade was biased SHORT. Long run of USDCAD hit a decent area (marked purple on D1) and paused. On Monday open I have entered a limit short trade. This trade moved nowhere and started creating higher lows. I have decided it to call it a position at -0.4R and closed the trade. Since the market was creating new higher lows, my stats are telling me, that in the last year I have either been personally in a couple of these trades, or I have noticed many of these trades. It is that moment, when after run, market starts to create higher lows and wants to push higher. I have flipped the position and got long. Within 24hours my target was hit.