My Trading Journal: March 2012

Thanks to my wife for her loving support. Thanks to Brain Zimmerman and Lance Beggs for their friendship, support and coaching.

"The world aint all sunshine and rainbows. It's a very mean and nasty place and it doesn't care how tough you are, it will beat you to your knees and keep you there permanently if you let it. You, me, or nobody is gonna hit as hard as life. But it ain't about how hard you hit, it's about how hard you can get hit and keep moving forward...how much you can take and keep moving forward. THAT'S HOW WINNING IS DONE!! If you know how much your worth then go get what your worth, but you have to be willing to take the hits, and not pointing fingers saying you aint where you want to be because of him, her, or anybody. Cowards do that and that aint you. You're better than that". Rocky 6

Thursday, March 29, 2012

3-29 TRADES

Tuesday, March 27, 2012

3-27 trades

3-26 trades

low volume day. NOTE: when price action doesnt seem to set up right usually things dont work out well. keep risk small and play better defense. last trade was giving too much room to work in this trade environment.

Friday, March 23, 2012

3-23 trades

Tuesday, March 20, 2012

3-20 trades

3-19 trades

Wednesday, March 14, 2012

3-14 TRADES

3-14: sometimes its best to draw it out

Sometimes charts can get messy even on a higher time frame. Especially during macro corrections. I find it best for me to draw it out to get a better read. I also like to draw out a few visuals as well. For this one I drew out what I expected in green line and noted some alterations in case I was wrong on my original expectations. Of course its always " if this does that, then that should do this" .... except when it doesn't ;)
I must adapt to the current situation, stand aside when I don't have the read, and execute when I do.

Tuesday, March 13, 2012

3-13 trades

Monday, March 12, 2012

3-12 PRICE ACTION

No trades just after session review

Thursday, March 8, 2012

3-8

Wednesday, March 7, 2012

3-7

Tuesday, March 6, 2012

3-6

Monday, March 5, 2012

3-5

I'm glad i missed todays trading session. Sloppy fashion as crude take a breather before making its next move.

Sunday, March 4, 2012

3-2

Thursday, March 1, 2012

3-1 trades

Notes

"You don't need much more confirmation. It's a low risk entry, with greater profit potential, in the direction of your assessment of market bias. Take the entry and manage whatever happens" - Lance Beggs

"Think strength/weakness in the price action, rather than patterns." Lance Beggs

"Don't rush into trade entries. Identify weakness. Identify trapped traders. Fade the weakness and be a part of the orderflow which springs the trap." -YTC

"My job is to understand and locate market direction, work off key areas for entry, manage the risk, and have a basic understanding of odds/payouts to structure a statistical edge over large samples:

FOCUS is on attacking directional scenarios, executing off key areas and manage risk." -PTE

The reality is that... YOU ARE THE REAL EDGE.

Your implementation of your plan is the true determinant of success or failure.

Many traders know what to do. The challenge is doing it. The challenge is to operate in the environment of uncertainty with productive thoughts, feelings and emotions, to ensure our actions are those which maximise the potential edge within our trading strategy.