Phantom's CDS Journal

[_Phantom_]

Wednesday, June 24, 2015

Morning workout - checked.
Pre market analysis - checked.
Mood check - Refreshing, calm and confident.

Trade 1: USDINR 3min DP3 sell.
The trend on 15TF was supposed to change to short as per the rules. So was looking for shorting opportunity.

Shorted 14 lots @63.7150
Did not get the chance to scale out as the price moved from my entry point and did not retrace back.
Covered 14 lots at target @63.6775.

R= 2.14
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Trade 2: EURINR 3min DP buy of the wave 5.
Bought 12 lots @71.1725.
Did not get a chance to scale out as SL was hit and price reversed from there to reach the target. It's frustrating when such things happen but rules are rules.
Sold 12 lots at SL @71.1525

R= -1
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Total Trades: 2
Winning Trades: 1
Losing Trades:1

 

[_Phantom_]

Thursday, June 25, 2015

Morning workout - checked.
Pre market analysis - checked.
Mood check - Sleepy as did not get enough sleep last night

Trade 1: USDINR 5min DP buy.
Price was at 15TF DP support right at the open, so was looking for long setups.

Bought 7 lots @63.6175
1st scale out 2 lots @63.6050
2nd scale out 2 lots @63.6000
Remaining 3 lots were hold until stopped out @63.5825

R= -0.63

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Missed Trade:
Missed one good short trade in EURINR. The trend was down according to 15TF. So was looking for shorting opportunity.

Did not get a fill as price moved quickly away from entry point.

 

[_Phantom_]

Friday, June 26, 2015

Morning workout - checked.
Pre market analysis - checked.
Mood check - Refreshing, calm and confident.

Trade 1: EURINR 5min TS4 sell.
The trend on 15TF was clearly short as it had breached the previous swing DP level. So was looking for shorting opportunity.

Shorted 7 lots @71.6750
1st scale out 2 lots @71.6900
2nd scale out 2 lots @71.6800
Remaining 3 lots were hold until close of the day and squared off 10 minutes prior to close @71.6275.

R= 0.39

 

[_Phantom_]

Week 2: June 22-26 2015

Weekly Review​

Week 2: June 22-26 2015​

The issue which was highlighted in previous week was fixed and new plan which would suit me psychologically was implemented. I reduced the max risk per trade to half of previous risk i.e. Rs 250.

By doing so, I was comfortable in scaling out as per the plan and was doing so without any conviction. Was executing the trades as per the plan.

On Tuesday, I made a mistake in analyzing the trend and took a trade based on wrong analysis. Caught me on that and the point was noted. Measures were taken to make sure that I should not repeat it in future. Also, there were minor errors in placing orders which I am working on so as to get good fill. Another thing to notice is that I skipped mental prep session for 3 consecutive days, which is not at all tolerable. I should follow the schedule strictly.

Positive things to note is that I was able keep my average loss well beyond the max risk per trade.

So to conclude the weekly review, I must continue to execute the same way I was doing this week. The tweaks made in my plan seem to be working and I as far now I am comfortable with the amount I am risking per trade. But that's not the final conclusion as I have to take 25 trades in total and so far have taken 13 trades.

 

[_Phantom_]

Monday, June 29, 2015

Morning workout - checked.
Mental prep - checked.
Pre market analysis - checked.
Mood check - Refreshing, calm and confident.

Trade 1: USDINR 3min TS3 Buy.
The trend on 15TF was clearly long. So was looking for an opportunity to get long.

Bought 10 lots @64.2125.
1st scale out @64.1925
2nd scale out @64.2050
Remaining 5 lots were hold I was stopped out @64.1875

R= -0.75
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Trade 2: EURINR 5min TS3 Sell.

The trend according to 15TF was down, so was looking for shorting opportunity.

Shorted 4 lots @70.7450
1 scale out 1 lot @70.7800
2nd scale out 1 [email protected]
Stopped out 2 lots @70.7950

R= -0.80
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Trade 3: EURINR 5min TS3 Sell.
Another opportunity to go short after being stopped out earlier.

Shorted 3 lots @70.7775
Did not get to scale out as I was stopped out immediately.
Covered 3 lots at SL @70.8725

R= -1.03
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Trade 4: EURINR 5min TS2 Buy.
The trend was long now as EURINR was in wave 3 which is impulsive. So was looking to go long.

Bought 2 lots @70.1650
1st scale out 1 lot @71.0625
Covered 1 lot @71.0600

R= -0.99
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Trade 5: EURINR 5min DP Sell of wave 5.

Shorted 4 lots @71.3275.
1st scale out 2 lots @71.3325.
Covered rest 2 at SL @71.3962

R= -0.70
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Total Trades: 5
Winners: 0
Losers: 5

 

[_Phantom_]

Tuesday, June 30, 2015

A Day Full of Mistakes​

Morning workout - checked.
Mental prep - checked.
Pre market analysis - checked.
Mood check - Refreshing, calm and confident.


Made a big mistake today in analyzing the trend in EURINR. It had completed wave 5 on 5min and 3min charts right on the open. Hence up trend was completed according to the plan and so should have taken just the short trades. Was not focused at all and hence took long trades thinking the trend was still long.

Trade 1: EURINR 5min TS2 Buy.
Should have avoided.
Bought 5 lots @71.7100
1st scale out 1 lot @71.6800
2nd scale out 1 lot @71.6825
3rd scale out 1 lot @71.6900
Covered rest 2 lots at SL @71.6675

R= -0.76
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Trade 2: USDINR 3min DP Buy of the wave 5.
Bought 12 lots @64.0825
1st scale out 3 lots @64.0725
2st scale out 3 lots @64.0725
Remaining 6 lots were covered at SL @64.0625

R= -0.75
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Trade 3: EURINR 3min TS3 Buy.
Should have avoided
Bought 10 lots @71.6925.
1st scale out 2 lots @71.6725

Did not get a chance to scale out further as I was stopped out and 8 lots were covered @71.6675

R = -0.96
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Trade 4: USDINR 3min DP Buy of the wave 5. Same setup again as Trade 2.
Bought 20 lots @64.0675
Sold 20 lots @64.0625.
Did not wait until my SL was hit(just by a tick). So was HOPING that it would hit SL eventually and obviously it didn't.

R= -0.50
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Trade 5: USDINR 3min TS3 Sell.
Another mistake of the day in analyzing the trend and filtering the setups accordingly.
Previously USDINR had completed wave 5 and I had even taken DP buy setups hence the trend had changed to long. So should had avoided short once.

Shorted 20 lots @64.0800.
Did not get a chance to scale out and hence 20 lots were covered at SL @64.0900

R= -1
--------------------------------------------------------------------------

Total Trade:5
Winners:0
Losers:5

 

[_Phantom_]

Wednesday, July 01, 2015

Morning workout - checked.
Mental prep - checked.
Pre market analysis - checked.
Mood check - Refreshing, calm and confident.

Trade 1: EURINR 5 min DP Buy.
Opened right in 15TF DP level. So was looking to go long.

Bought4 lots @ 71.2250
1st scale out 1 lot @71.2400
2nd scale out 1 lot @71.2400
Rest 2 lots were covered as SL @ 71.1950

R= -0.65
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Trade 2: EURINR 5 min DP of wave 5 Buy.
Bought 4 lots @71.0500
Did not get an opportunity to scale out. Hence covered 4 lots @71.0000

R= -1.05
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Trade 3: USDINR 3min DP Sell.
Trend on 15TF was clearly down. So was looking for shorting opportunity.

Sold 25 lots @63.9250
Did not get chance to scale out, covered 25 lots @63.9400

R= -1.20
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Total Trades: 3
Winners: 0
Losers: 3

 

[_Phantom_]

Thursday, July 02, 2015

Morning workout - checked.
Mental prep - checked.
Pre market analysis - checked.
Mood check - Refreshing, calm and confident.

Trade 1: USDINR 3 min DP Buy of wave 5.

Bought 20 lots @636.8525
1st scale out 5 lots @63.8450
2st scale out 5 lots @63.8450
Covered remaining 10 lots at SL @63.8400

R= -80
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Trade 2: USDINR 5 min DP Buy.

Trend on 15 min was still up as there were no two consecutive closes below the DP level as seen on the attached chart.

Bought 25 lots @63.8425
1st scale out 6 lots @63.8375
2st scale out 7 lots @63.8400
Covered remaining 12 lots at SL @63.8325

R -0.67
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Trade 3: EURINR 3 min DP Buy.
Price was at DP support level so was looking to go long.

Bought 6 lots @ 70.5775
Did not get a chance to scale out.
Hence covered 6 lots at target @70.6575

R= 2
--------------------------------------------------------------------------

Trade 4: EURINR 3 min TS4 Buy.
Trend on 15 min was still up, so was still looking for long setups. For reference check 15 min chart of 3rd trade.

Bought 8 lots @70.6778
1st scale out 2 lots @ 70.6550

Rest 6 lots were covered at SL @ 70.6450

R= -1
--------------------------------------------------------------------------
Total Trades: 4
Winners: 1
Losers:3

 

[_Phantom_]

Friday, July 03, 2015

Morning workout - checked.
Mental prep - checked.
Pre market analysis - checked.
Mood check - Refreshing, calm and confident.

Trade 1: USDINR 5 min TS2 Sell.

Trend on 15 min was clearly down. So was looking for short setups.

Sold 10 lots @63.6675
1st scale out 2 lots @63.6750
2nd scale out 2 lots @63.6750
Remaining 6 lots were covered at SL @63.6875

R= -0.86
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Trade 2: EURINR 3 min DP Sell of wave 5.
Price had reached the DP resistance level on 15 TF. SO was looking for short setups.

Sold 7 lots @70.7825.
Did not get a chance to scale out as SL was hit.
Covered 7 lots at SL @70.8200

R= -1.07
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Trade 3: Same setup as before. Second opportunity to short.

Sold 5 lots @70.7850
1st scale out 1 lot @70.7850
2nd scale out 2 lots @70.7950
Covered remaining 2 lots at SL @ 70.8300

R= -0.52
--------------------------------------------------------------------------
Total Trades: 3
Winners: 0
Losers:3

 

[_Phantom_]

Monday, July 06, 2015

Mistakes in Analyzing​

Morning workout - checked.
Mental prep - checked.
Pre market analysis - checked.
Mood check - Refreshing, calm and confident.

Trade 1: EURINR 3 min TS3 Sell.
Trend on 15TF was down as there were two consecutive closes below the DP level.
So was looking for short setups.

Shorted 2 lots @70.5650
1st scale out @70.6300
Covered remaining 1 lot at SL @70.6800

R= -0.8
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Missed Trade: EURINR 3 min TS4 Sell just after previous trade.
I made a mistake in analyzing the trend. There were 2 closes below DP level prior to this trade. So the trend was clearly down. So the DP level has done it's job and should not have considered for making further Analysis. Failing to do so, I considered that DP level. So according to that, there were 2 consecutive closes above the DP level and misunderstood it for change in trend to long. Hence avoided this setup.

Because of this mistake, further as day progressed , long setups which I took could have been filtered as trend was till down.

--------------------------------------------------------------------------

Trade 2: EURINR 3 min TS3 Buy.
This setup could have been simply avoided if I had not made a mistake in analyzing the trend prior in the day.

Bought 6 lots @70.5350
Covered 6 lots @70.4900

R= -1.06
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Trade 3: EURINR 3 min TS1 Buy.
This setup could have been simply avoided if I had not made a mistake in analyzing the trend prior in the day.

Bought 7 lots @70.5225
1st scale out 1 lot @70.5000
2nd scale out 1 lot @70.4950
3rd scale out 2 lots @70.4925
Covered 3 lots at SL @ 70.4850

R= -0.91
--------------------------------------------------------------------------

Trade 4: USDINR 3 min DP Buy.
Trend on 15TF was up so was looking for long setups.

Bought 14 lots @63.7525
1st scale out 3 lots @63.7450
2nd scale out 4 lots @63.7425
Covered 7 lots at SL @63.7350

R=-0.75
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Trade 5: EURINR 5 min TS3 Buy.
This setup could have been simply avoided if I had not made a mistake in analyzing the trend prior in the day.

Bought 3 lot @70.4625
1st scale out 1 lot @70.4400
Covered 2 lots at SL @72.3925

R=-0.80
--------------------------------------------------------------------------
So in all 3 Buy setups in EURINR could have been filtered.

Total Trades: 5
Winners: 0
Losers: 5