View Single Post
  #1276 (permalink)  
Old 11-15-2008, 08:42 AM
Bloom Bloom is offline
Member
 
Join Date: Jul 2008
Posts: 59
Bloom is on a distinguished road
A worthwhile exercise Bill. Its something I mention now and again. I record every trade in a spread sheet with comments about why I entered. I've now started highlighting the good setups in Blue and the bad setups in Red. Gives a nice visual of my trading patterns. I'm really trying to eliminate the reds.

It is strange how, in the past, I was happy to risk 40 pip SL full stake on gambles, then when a good setup came up it was small stakes. I'm trying to eliminate these things but I still have a 'need' to be trading. I have found longer term trades to help curb this need. I'm sure I'd have dived into cable a few times this week had I not been short since the previous Friday.

To be honest with you Bill, I had notice you diving in a bit last week. Missing the first move then going in on the second move only for it to retrace. Last week I focused on the break, MAs cross, retrace and then hit it. As Dan says, its the safest way to trade. That setup occurs everyday on some pairs. Just sit and wait for those.

Anyway, I dreamt about the Pimp last night. Terrifying.
Reply With Quote