Barney's Ballsups

[>Apocalypto<]

Hi Barney,

a little feed back on my week that was on the 5 min set periods.

Last week,
Monday 30 points in two trades on the Dax made a further 5.16 points on the dow. was a top day

Tuesday started with a 22 point loss, made it back with 28 points made another 4 points on top of that. didn't trade the dow.

Wednesday lost it. terrible day mind was out of control... lost 54 points in 5 trades all in a row. then pulled some back 19 another 2 then dropped another 10 and finished with a 19 point winner first losing day of the week and just about ruined my whole week. didn't trade the dow that night called it a day.

Thursday abit of the same but milder. started with a 10 point loss then made back 27. Dow session, opened with a 9 point loss finished with 4 wins in a row 15.59 points.

Friday still shaken, all over the place again. DAX started with three loses in a row 33 points down. made 21 back lost 10 made 4 lost 15 and lost another 6. week was at a loss now. Dow session made 20 lost 6 made 8.

so after a week of trading, what did i get out of this? +22.6. Dow on Friday saved the week or it would have been a loss.

Monday was the perfect day not due to all winners but due to how i did it. waited held and managed. could not have done it better. Wednesday, the opposite rushed in closed chased did it all wrong. Thursday was a little better. but Friday imo was a close a disaster to Wednesday in terms of application. Dow trades saved my week, Friday.

Learned a lot last week. but with all the mistakes and stupid things i did i am happy i came out of it with a profit. written all the bad **** down i did taken it on board.

this week up 16 points in three trades 2 on dax 1 on the dow. but to be honest i was lucky on the dax. one could have caught me. a bit hazed about those two trades. still not sure i deserved to win on them. the dow trade was good set up and trade but i didn't hold it mistake... ended up running 20od points. i look for 13-15 normally.

GOLD OIL on 1 hour are shiit atm ranged out. not playing till a trend develops.

 

[barney]

Hi Barney,

a little feed back on my week that was on the 5 min set periods.

Last week,
Monday 30 points in two trades on the Dax made a further 5.16 points on the dow. was a top day

Tuesday started with a 22 point loss, made it back with 28 points made another 4 points on top of that. didn't trade the dow.

Wednesday lost it. terrible day mind was out of control... lost 54 points in 5 trades all in a row. then pulled some back 19 another 2 then dropped another 10 and finished with a 19 point winner first losing day of the week and just about ruined my whole week. didn't trade the dow that night called it a day.

Thursday abit of the same but milder. started with a 10 point loss then made back 27. Dow session, opened with a 9 point loss finished with 4 wins in a row 15.59 points.

Friday still shaken, all over the place again. DAX started with three loses in a row 33 points down. made 21 back lost 10 made 4 lost 15 and lost another 6. week was at a loss now. Dow session made 20 lost 6 made 8.

so after a week of trading, what did i get out of this? +22.6. Dow on Friday saved the week or it would have been a loss.

Monday was the perfect day not due to all winners but due to how i did it. waited held and managed. could not have done it better. Wednesday, the opposite rushed in closed chased did it all wrong. Thursday was a little better. but Friday imo was a close a disaster to Wednesday in terms of application. Dow trades saved my week, Friday.

Learned a lot last week. but with all the mistakes and stupid things i did i am happy i came out of it with a profit. written all the bad **** down i did taken it on board.
this week up 16 points in three trades 2 on dax 1 on the dow. but to be honest i was lucky on the dax. one could have caught me. a bit hazed about those two trades. still not sure i deserved to win on them. the dow trade was good set up and trade but i didn't hold it mistake... ended up running 20od points. i look for 13-15 normally.

GOLD OIL on 1 hour are shiit atm ranged out. not playing till a trend develops.

Thanks for the update Joe ...... I've Bolded a few things just to highlight the "roller coaster" effect

I always reckon if you feel like its been a struggle but you still end up in front, then things are likely on the right track.

Personally in a bit of a form slump at the moment, but still learning from the mistakes

 

[>Apocalypto<]

Thanks for the update Joe ...... I've Bolded a few things just to highlight the "roller coaster" effect

I always reckon if you feel like its been a struggle but you still end up in front, then things are likely on the right track.

Personally in a bit of a form slump at the moment, but still learning from the mistakes

take a week off. best thing to do or switch to demo and get it out of your system.

have you looked at much of al brooks Barn? i bought his ebook use a bit of it.... but now starting to get more and more into his work thinking of buying his course.

 

[barney]

take a week off. best thing to do or switch to demo and get it out of your system.

have you looked at much of al brooks Barn? i bought his ebook use a bit of it.... but now starting to get more and more into his work thinking of buying his course.

Lol ... I took one night off, then decided that was long enough

You are dead right though; Just sitting around watching TV and not taking any losing trades for whatever period is good therapy.

I have watched a couple of Al Brooks internet videos, and yeah, I like the way he thinks ...... definitely worth watching for sure.

 

[>Apocalypto<]

Lol ... I took one night off, then decided that was long enough

You are dead right though; Just sitting around watching TV and not taking any losing trades for whatever period is good therapy.

I have watched a couple of Al Brooks internet videos, and yeah, I like the way he thinks ...... definitely worth watching for sure.

hey Barn,

yeh it helps... normally i open a demo and go wild taking as many trades dumb trades for whatever reason to get that crap feeling out of the stomach

like his work very detailed and thought out... i've given the dow away for now. concentrate on doing my 2 1/2 hours on the DAX better.

Dax tonight, sold a failed trand break rally... but got in a little late and it failed to push through the lows.. held it stopped out -6 points. bought it after a trend break gave me a inside bar. +10 points just bought again inside bar but i closed to bloody early as it stalled at the high... made 4 points but missed a heap refer the DAX atm

so normal probs at hand emotions thinking to much caring about winning day turning sour. ect ect

took a few average ones on the dow last night week is just in profit atm. still pissed about a lot of trading this week but happy at this point two profitable weeks... (this one just atm, 4 points)

onwards and upwards..........

 

[barney]

so normal probs at hand emotions thinking to much caring about winning day turning sour. ect ect

onwards and upwards..........

I hear what you are saying!! .......

Succeeding at trading is an interesting psychological journey .... The Smilies say it all

1) You have to believe you can do it
2) You have to learn how to do it
3) You have to stop thinking about how you learned how to do it ... and just do it ....

 

[>Apocalypto<]

Hi Barn been going over 1 hour WTI and Gold charts starting to apply AB to them. friday took two trades based of AB both went well so Friday ended up being a very nice one first in a while (75points) missed that gold sell this morning but in a dumb wti buy atm

misjudged the set a little but going to let it run out and take it on board as a lesson. range took a buy at the high when it wasn't really there. still trading the 5min dax in that 2 -3 hour block. missed out yesterday as i was in transit to china... here for 14 days will be trading most days.

I hear what you are saying!! .......

Succeeding at trading is an interesting psychological journey .... The Smilies say it all

1) You have to believe you can do it
2) You have to learn how to do it
3) You have to stop thinking about how you learned how to do it ... and just do it ....

 

[barney]

took two trades based of AB both went well so Friday ended up being a very nice one first in a while (75points)

Nice ...... Post up a chart if you get a chance.

 

[>Apocalypto<]

Hi Barn

Missed the DAX today so traded the US30 as it's 2 hours behind AUS here.

chart is attached.

The red line sell i didn't take the green lines are trades i did take.

Sell (Green line ) two high try fail L1 confirmed micro trend break, was risky to try and sell the support but i liked the two fail backing it up. made 12 points.

Sell (red line) micro trend break fail L2, sell 1 tick under the close. in fast flow i sell or buy the close not the tail.

Buy ( green line) two time fail on the tail low. bought one tick above the close. based on the tails before it, liked the idea of a counter at that point combined with H1 off the 2 low try fails. spinner (range bar) set up bar. made 5 points.

got another on oil tonight +30 L1 trend break followed by a range bar (signal) sold the low of it.

messed up two on gld lost 37 but made 1 back +30
gold loses where failed attempts to read H1 off support but it had two high fail which i missed. in a fast trend down. should have got the message after the first one. the win was a range bar / inside bar sold the low.

can do up the wti and gold if you like.

Fridays WTI 2 high that failed made a H1, could also be a micro trend break fail.
GLD 2 high fail in a range/wedge that made an L1 i was in by then. might have been luck on that GLD sell.

I'm trying but still got work to do.

Nice ...... Post up a chart if you get a chance.

 

[barney]

Sell (Green line ) two high try fail L1 confirmed micro trend break, was risky to try and sell the support but i liked the two fail backing it up. made 12 points.

Some good stuff in that last post thanks Joe.

I think your "risky" entry was very good ..... the Dow often has a little fake push in the half hour of the pre open, so I reckon you nailed it perfectly!

PS. more posts on any of your trades would be excellent!

 

[>Apocalypto<]

Some good stuff in that last post thanks Joe.

I think your "risky" entry was very good ..... the Dow often has a little fake push in the half hour of the pre open, so I reckon you nailed it perfectly!

PS. more posts on any of your trades would be excellent!

thanks Barn.

DAX was a complete disaster tonight. Thanks to Gold all the damage recouped.

Here's a live one for you see chart, as of now she's 25 min young.

Sell, double high fail L1 in wedge continuation pattern in the overall bear. If it fails and i'm stopped out looking at either a range, or a 2 leg up H1/H2 for a buy later tonight.

Fraaking Great Fire wall of China is going mad tonight, took 5 min to get this far in ASF!

 

[barney]

Fraaking Great Fire wall of China is going mad tonight, took 5 min to get this far in ASF!

LOL .... Gotta love technology

. If it fails and i'm stopped out looking at either a range, or a 2 leg up H1/H2 for a buy later tonight.

I assume a stop out on that one ...... looked ok at face value ..... Hindsight is a wonderful indicator of course ... Now that it has taken your cash, the previous days sharp decline into new lows looked a short term trap ... Crystal Balls are what we all need!!

 

[barney]

EUR/GBP and AUD/USD both looking for daily bottoms ......

Logic ... Short the GBP/AUD (Short term trade)



Update ..... closed B/E .... (EUR/GBP had not bottomed!)

 

[barney]

No time to post charts at the moment ... The Euro is showing daily strength while the EUR/GBP is retracing upwards against the current downtrend ..... If the EUR/GBP tops out on the daily, the GBP/USD should follow the trend up .... Currently scaling into Pound longs expecting a quick pop ... see what develops.

 

[barney]

Last trade turned to crap ... Flipped it ..... Short with tight stop on the GBP/USD ..... Things can only get better

 

[barney]

Not posting too many trades up lately ... Trying to refine the machine gun style into a swinging strategy to improve the strike rate

This one looks ok at the moment ..... small position size with wide initial stop.

Simple strategy ... The CAD/CHF is showing strength ... The USD/CHF is looking relatively weaker ...

Therefore Short the USD/CAD ..... simple as A..B..D.. See how she pans out.

 

[barney]

Euro starting too move ... Scalp long ...

 

[barney]

Stop tightened on USD/CAD Short .....

 

[barney]

Started to wobble USD/CAD Short closed +23 .... much better than a few of my others lately


EUR/USD long scalp also closed +7

 

[barney]

DAX Short ..... In a bit early but got lucky



Edit .. Closed ... +43 ... look for potential re-entry later if it pans out