Skipper's demo trading notes - How it went and what was learned?

Discussion in 'Trading Journals' started by Skipper, Oct 4, 2013.

  1. Skipper

    Skipper Demo trader - Learning everyday

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    For a change I had my target set using extension properly and was hitting the level nicely. That 20p more must be Bernie's Extra
     
  2. Tansen

    Tansen Well-Known Member

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    Yeah fib drawing is an art and a technical skill.

    Sometimes when your drawing it you'll notice they align with a HTF level and that's where you can take very long term swings.

    Also pay attention to where some of your extensions are especially the 423 and 261, if their really out there sometimes there's a chance price might hit it depending on the given conditions such as bonds or COT.

    The only reason I started to realize I could hold for long periods is because I used to be very willy nilly about trading everyday and I noticed a lot of the times price actually gets to the 423 for me whether it'd be on a 15min or 1hr chart. It will help you spot possible longer carry trades
     
  3. Skipper

    Skipper Demo trader - Learning everyday

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    For me ICTz last episode (7) was saying loud and clear:

    If I’m trading expecting the unexpected, I’m walking in the dark. However if I have learned anything, I should have the tools and understanding to anticipate the expected and be ready to unexpected. Somewhere inside of me, every trade I had taken... there is a journey ahead of me.
     
  4. Skipper

    Skipper Demo trader - Learning everyday

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    I try to be more selective with my trades, maybe that one trade in a week if I'm sure about it... no lucky shots.
    I have only studied the fiber in this two weeks and really been a bit lost, but finally this was the trade I put my nose into.


    [​IMG]
     
  5. Tansen

    Tansen Well-Known Member

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    Nice catch, now you just need a fib ext on there :D
     
  6. Skipper

    Skipper Demo trader - Learning everyday

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  7. Hopiplaka

    Hopiplaka My thanks go out to ICT - the life changer

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    Did you enter with half your normal risk, as both 1D and 4H 9/18 ema are bearish at the moment?
     
  8. Skipper

    Skipper Demo trader - Learning everyday

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    Down : ??? I was trying to catch the dip from order block (4h). It was pure technical hunch, a bad one. London was leading it down, did not think the asian range either.
    [​IMG]
     

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