fear still in charge

Fear of losing is the greatest enemy, I still feel it every trade, which makes it difficult in the road of being a trader

Today I traded from 1 pm to 4 pm
2 trades
1 net point
The charts are 60 min, 5 min, and 1 min with entries and exits plotted (in this order)

 

 

 

Still some problems with the exits, not letting it hit the target

Rushed a bit into the entries because fear of losing entry

Friday market action

First Trade

 Market structure chart

Trading timeframe Chart

Triggering timeframe chart

Red arrow STOP

 Blue Entry

 Green Close

Blogging the charts

Well guys welcome to this place. It's been a year since i started the demo. I have made mistakes that thank god have been on demo. Until I am not kind of secure i will not go real. Anyways I will document here CHARTS and TRADES i may take in order to have the CHARTS stored for futures review of myself. I will post the charts to see the market action NOT my trades i dont care about my trades I care about the market action, nothing else.

Two trades today. The ES making new highs, Momentum keeps going while i am in the market.

- First Trade:

• Bought Pullback as ES keeps moving up making new highs
• Cutting profits soon, Not wating for target out of fear.

- Second

• Trend Fade on resistance, Dangerous trade, Cut profit soon out of fear.

 

 

 

 

 

Blue arrow entry

Red arrow stop

Green arrow close

   2.75 Points

ES 1.25 points

Go with the trend

look at the momentum of the candles in continuation not reversal

FESX 12 point loss....

Mistakes: I really found no mistakes at all

Trade with the major trend, pullback to support in 5 min chart, maybe should have wait for higher high or put a longer stop

ES 0 points, break even

Mistakes:

-Major trend consolidating in triangle, hammer in 15 min, was looking for long BUT entered a short in the range

-The market flow was going up

I abide by the rules and entered shor:

-After and up move, in resistance, bearish engulfing

-

ES 2 points, one trade

1)Major trend up...should trade long BUT 5 min chart indicates break of channel
2)hits resitance of 60 min chart or almost
3)hit R1
4)Hits previous open