A journey of an Aspiring trader to become a successful trader using Price action method or Decision point method
30 December 2016
29 December 2016
28 December 2016
26 December 2016
22 December 2016
20 December 2016
15 December 2016
15-12-16
- 3 Trades. 1 SL hit and 2 Profit.
- In first trade, able to grasp the context of the market but failed to identify suitable location. Also the SL position was wrong. It could have been high of the day. Yesterday only, made this mistake. Being impatient..
- In 3rd trade exited the position early, could have been managed better way.
- Tomorrow and Monday no trades. Again on Tuesday.
14 December 2016
14-12-16
- Took 2 trades, with profits
- Took the first trade against the trend, thought that it will move till range high. Because of this missed a good setup which was BOF of range high.
- Last trade gave good move.
- I have to improve my patience. The urge to trade or greed of missing good move should be reduced. Because of this impatience, Took the first trade which was not proper trade.
12 December 2016
12-12-16
- Took 1 easy trade
- Today is a trending day, noticed lately.
- I was thinking of initiating the trade 2 times but due to hesitation, not initiated.
- Finally initiated at the very clear level. This is where the screen time helps. More screen time will lead us to enter into the trade without hesitation. Screen time is building up slowly...
08 December 2016
08-12-16
- 3 Trades. 1 scratched and 2 SL hit
- Made some mistakes today. Failed to update my views on the market.
- As market reached the resistance area, I was expecting the market will go down. But that was not happened. But I have not updated myself, based on that. Other wise I could have avoided the last trade.
- Trade management was not proper. I could have scratched the trade instead of letting the trade till SL.
- Getting seasoned.
07 December 2016
07-12-16
- Took one trade and gave very good profit..
- It was a very risky trade, Got feared about the kind of jump which market made.
- Entire media was positive on rate cut and market was positive from morning. I was looking for a long trade above PDH. But after breaking PDH it failed to sustain there. Got confused but entered short @ BOF with respect to price action, Which proved right.
06 December 2016
06-12-16
- Took two trade, 1 scratched and 1 yielded some gain.
- Most of the time market traded between PDH and BRN
- First trade, tried the BOF of RH, but not moved as expected, scratched..
- Then the second trade with BOF of BRN, Which moved nicely.. But the problem is trade management.. In both trade I exited early.. Need to establish patience.
02 December 2016
02-12-16
- Took 3 trades. 2 SL hit and third with good profit
- Even though day ended with good profit, not satisfied with trade selection
- As discussed in the previous post (post) both setup and understanding the context of market are equally important.
- Today understood the market context but failed in identifying the correct setup for twice and punished with SL hit. Because of confidence of what market is doing, failed to give importance for setup.. Need to improve.
01 December 2016
01-12-16
- 2 trades one with some gain and another with loss.
- First trade I could have waited till the Swing low break, before exit. Thought the RH is reached already.
- In Second trade, I failed to update my overview of the market. I thought that range was continuing. But it was not so. I could have watched the volume while breaking.
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