The Monster Within Me

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The Monster Within Me
There is a monster within me. His name is Phil. These are the journal's that will record my battle with the monster and his attempt to keep me as a losing trader. But I will prevail and learn to control this monster within me. I will be a great trader, I will be in control of who I want to be.
I will SLAY THE MONSTER within me so that it can no longer control me and my thoughts.
By becoming an Observer of the self, I give authority to the Empowered parts, to be all I can become.

Brick by Brick

Wednesday, May 31, 2017

Wow,  its been almost a whole year since I last did a post.  I suspect as fast as time is going I will be dead before I become a good trader !
I have tried different things- which is probably my problem, you never get good at anything that way.
Anyway- I seem to spent alot of time waiting for ES to move.  If you don't get those first few moves the first hour after open you have missed the easy trades. Then there are the news times the Fridays that turn into three day weekends and all Holidays. We take alot of time off here in the USA. At least mentally.  I have commited to sitting here from open till 9:00 am   with study at night.
The whole Volume Profile thing is finally sinking in.   You basically trade the value area outside in. as most days are range days.  When price does break out of value area it tends to come back in.  it is usually all about the POC as the target.  Trying to learn to scale out. to see if that improves my profits. focus on getting that first scale out is top on the list.  So while I use about the same entry areas the trick is to find a method to know as soon as possable if the level is going to hold or fail.
I have not quite figured out how the best way to journal my trades so that I can review and learn from them.
7.00 price retested Overnight low -green level bar- held- back up to other side to Upper value areas-  Upper value area holding-  price finally back to just under poc at 2412.   Trade of the day was 09-12 long