straddle at 1.3564 with RR of 2:1 and 10 pips stop on both sides.
straddle: 1.3564 stop at 1.3574 and 1.3555 targets 1.3585 and 1.3545 tstop of 20 pips for the right side.
Comments
zzfx
⋅
As it sounded ok and objective over all, I see and feel I had no control what so ever of what i was really doing at the time.
The straddle was suppose to be the only trade, but I took a third trade. Even if it worked and I managed to break even, it wasn't in the plan.
And then, I found a reason to why I couldn't execute the plan...Candle sticks...were candle sticks really the problem? obviously not.
Both my stops where in the way, and I got stopped on both. that's all.
But I found a reason to face this belief and removed candle sticks at the time. I remember it helped take my focus off the screens and refocus on what I was trying to do over all:
Take a winner, take a loss, and build up some confidence that was shaky at the time. ( respecting the 2:1 and MM pillars)
I rationally knew I was going to have a ''bad'' day ( 2 losses) at some point, but I wasn't ready to take it now...or tomorrow... My beliefs were not insych with the environment and subconsciously I was trading not to fail, instead of really taking what the market was giving me on a daily basis.
zzfx
⋅
3:20 PM
first leg stops me out on initial straddle tell: -10 pips
second leg stops me out too ''bust my balls'':-10 pips
third leg was the one: +20 pips to confirm that I don't know jack...
net for the day: 0 pips.
did you respect your plan? kind of.
Would you have done better if you would have done everything as planned? of course. always.
what do you think is the problem? these f##ing candle sticks and all their noise.
Whats the real problem? me.
The solution: Remove these short term candle sticks from your predefined view: ok.
next trade, next trade, next trade.
zzfx
⋅
Market Tells you, long is the play...dont fight take the straddle loss, and follow the market to break even. If that does not work, step aside.
zzfx
⋅
Long stopped out. short is the play. target at 1.3545 stop at 1.3575 ( 20 pips tstop)
Lets see what happens.
The straddle was suppose to be the only trade, but I took a third trade. Even if it worked and I managed to break even, it wasn't in the plan.
And then, I found a reason to why I couldn't execute the plan...Candle sticks...were candle sticks really the problem? obviously not.
Both my stops where in the way, and I got stopped on both. that's all.
But I found a reason to face this belief and removed candle sticks at the time. I remember it helped take my focus off the screens and refocus on what I was trying to do over all:
Take a winner, take a loss, and build up some confidence that was shaky at the time. ( respecting the 2:1 and MM pillars)
I rationally knew I was going to have a ''bad'' day ( 2 losses) at some point, but I wasn't ready to take it now...or tomorrow... My beliefs were not insych with the environment and subconsciously I was trading not to fail, instead of really taking what the market was giving me on a daily basis.