Re: Diary of a stubborn trader: scalping EUR/USD without indicators
I open this journal to record my scalping operation in EUR/USD without using indicators. Only PA, liquidity levels and strict risk management. I want to see how much I can progress being disciplined and without looking for miracles.
Re: Diary of a stubborn trader: scalping EUR/USD without indicators
First day: 9 operations, 6 winners, 3 losers. +1.7R net. The most difficult: not to enter because of anxiety. The best: I respected all exits by stop without touching anything.
Re: Diary of a stubborn trader: scalping EUR/USD without indicators
Second day: 5 trades, 3 winners, 2 losers. +0.9R. I left early in an operation going for 2R. I sabotaged myself out of fear that I would back off. I have to work that out.
Re: Diary of a stubborn trader: scalping EUR/USD without indicators
Third day: 7 trades, 4 winners, 3 losers. -0.3R. Two impulsive trades without clear entry. I’m beginning to see that the problem is not strategy, it’s me and my lack of patience.
Re: Diary of a stubborn trader: scalping EUR/USD without indicators
Does anyone else feel that the real enemy is not the market but your own finger on the mouse? Sometimes I feel that the best tool would be an alarm that prevents me from operating.
Re: Diary of a stubborn trader: scalping EUR/USD without indicators
Fourth day: I operated like an idiot. I entered without confirmation, without context, just for "looked like I was going up." Result: -2.2R. This diary begins to seem more confessional than technical analysis.
Re: Diary of a stubborn trader: scalping EUR/USD without indicators
Fifth day: I decided to take only two tickets. They were good, both winners, +2.5R. Less is more, at least for me. I understand that operating less gives me more clarity.
Re: Diary of a stubborn trader: scalping EUR/USD without indicators
Sixth day: I didn’t operate. I saw opportunities but I felt anxious, so I preferred to look at the market without entering. I think it’s also part of the process to learn when not to operate.
Re: Diary of a stubborn trader: scalping EUR/USD without indicators
Seventh day: 3 trades, 1 winner, 2 losers. -1.1R. In the last inning I adjusted the stop for fear and ended up being swept away before going for it. I learned nothing today, I just confirmed my mistakes.
Re: Diary of a stubborn trader: scalping EUR/USD without indicators
I'm beginning to suspect that if I sold signals and didn't operate, I'd be a millionaire, because I always see the move right after I left.