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For those of you who may not know me, I am Anagami. I used to actively trade futures (and stocks and forex before that) and post on nexusfi.com (formerly BMT) some years ago. I am a Canadian retired in Thailand.
A while ago, the game got too hard, and I was unto my many other pursuits (one of my businesses took off and now pays my bills, I might add). So I quit trading couple of years back... only to re-read the Reminiscences recently. It lit fire under my ass again. I decided to come back. I am different... in the meantime I handled many of my psychological issues (dealing with daddy issues AND an addiction I had for years, to mention but two). I feel I have the balance and the discipline.
How to prepare for a comeback technically?
I did it by trading through most of 2014 ES 5 minute data, bar by bar, on a simulator. I did well. (I hear some of you saying “That doesn't mean anything.” Well, previously I struggled on the simulator too, so shut up. Lol This was a marked improvement.) I took my losses FASTTTT... and held on for bigger swings. I put some rules into place, and I followed them.
Today was my first day back. I don't have a live account, all trades are on OANDA demo, 5 min. CL.
Took 2 trades today.
Trade #1:
b14 short for a double top reversal and big potential move down. The trade went in my favor a bit and then sharply turned. B15 was a hammer. Ouch! Ugly. Welcome back. I closed the trade without waiting for the stop to be hit. -10. I felt good that I took my loss fast. I forgot about it right away and focused on the action ahead.
Trade #2:
b16 long. Felt strong enough, augmented by b14 reversal failure. Took profit at twice the risk. +33
Enough trading for the first day back. I give myself an A+, NOT for a profitable day, but for trading well according to my methodology.
You are never in the wrong place... but sometimes you are in the right place looking at things in the wrong way.
My gf is coming to see me after 2 weeks, taking a 12 hour bus ride... effectively this means it might be difficult for me to get away to trade in the evenings (about 12 hour time difference in Thailand), so I may miss Monday and Tuesday. That sucks, but she's a priority too.
You are never in the wrong place... but sometimes you are in the right place looking at things in the wrong way.
My gf left (had an awesome visit, I might add), so I was free to trade today.
I enjoyed today a lot, despite making no trades (other than an accidental trade when my notebook display started to dim and I initiated a trade by a misclick. I got out right away as the entry at that moment was not planned. No gambling, even if I am buying at the bottom and the trade is working out right away).
Some interested PA today.
Sell-off the open. B3 long was a good scalp as the market was fishing for the bottom and there was likely to be more profit taking. But as I don't scalp, no trade.
B11 was a potential bottom, but as I wanted to see more PA confirming that, I didn't take it.
By B14, we were in a range, after spiking down. B16 seemed a good signal long, but I didn't like buying close to the top of recent range, so no entry (in ranges, buy low, sell high). B17 was a sharp spike up, testing the open, back where we started.
Overall, interesting PA. I read the market well. Didn't make any trades as nothing quite matched my requirements. In contrast with my previous trading, I feel content making no trades, just happy watching and reading the action and sticking to my guns, ready to take only the best swing trades.
You are never in the wrong place... but sometimes you are in the right place looking at things in the wrong way.
I closed the trade without waiting for the stop to be hit. -10. I felt good that I took my loss fast. I forgot about it right away and focused on the action ahead.
