TF- Longs on retrace

Hi all TF made nice up trend i was looking
for entry on pullback , first trade was break even , second trade
worked out nicely.

10 reasons for losing trading dicipline

Hello traders just want to point out my view on important topic
"10 reasons why traders losing their discipline"

1. Trading strategy not matches the style or personality of the trader.
for example if a trader want a system that will be wining 70-80% and he only trade with the trend, sometimes this is tough to achieve this on trend following systems (market is trending only 30% of the time , other time might be in consolidation range ) so this would be difficult for this type of trader to accept 7 losers out of 10 trades.
2. Trading in time frame that not matches the trader's style or personality i mean if person style is to have only 1 or 2 trades per day try to trade with small time frame like 3min or 1min that would gives him more signals to trade that's contradiction and this trader would not keep this process for long time this will leads to over trading and lake of dicipline.
3. Trading with small account, taking too much risk and trading with too much contracts on small account.
4. Not having clear enough or even not having a written trading plan at all.
5. Wrong trading attitude leads to frustration, and taking impulsive trades and this is lake of discipline.
6. Loss of confidence in your plan after string of losing trades.
7. Unwillingness to accept losses, losses are part of trading it's a numbers game with probabilities so this should be part of your trading.
8. Over confidence, after string of wining trades greed comes in and you start raising your contracts size this leads to no discipline and can damage your account.
9. Loss of Focus and concentration, looking at too many charts or markets the same time can lead to less focus and losing of concentration it is good advice to concentrate on one market maybe two for most.
10.Trading environment, you should trade from separate room in your home or if you have office that's better, make sure if you trade from home that you have no distractions from children or family during trading hours you need the focus to be sharp with your mind to trade at your best interest.

Technicator

TF-Long on retrace

TF just breakout to new high of day

and up trend was established , i just entered at first retrace at 629.5 and price bounced i exit at 630.5 , made 10 ticks profit.

6E-Long

Trend just changed to up , i entered

long near the moving averages act as support see how price just bounce

from there i took 6 ticks profit this would make a lots more.

6E-long on retrace

Trend just changed to the upside i was looking to enter long on retrace this was fast scalping trade .

price just retrace to the moving averages area and the

lower band of the channel

this area act as good support to enter long i took fast 5 ticks.

6B - Short

Trend change on 6B to the downside

i entered short on first retrace to the upper channel band

this trade worked out i took 10 ticks profit.

6E-Short

Hi All this was my first trade for the day .

trend was down price crossed the moving averages and also the channel was pointing to the downside .

i entered short on the first retrace , as you can see this was 38.2% Fib level so this would act as strong resistance .

TF long trade on first pullback

Today on TF after 45 min from open price moved up and trend was established

i waited for first pullback to enter long as you can see this trade made nice move

10 ticks and more.

6E-Short-Trade

i took short on the Moving averages

after down trend established this trade made 10 ticks.

6E - long trade failed

Today i took long trade based on pullback to Fibs levels

after trend was up and price start it's pullback

as you can see this trade failed and i took small loss.

TF long trade

TF - long trade i took after market changed to up trend

i waited for a pullback to enter.

Trading in US holidays

In days like today (president day holiday) you can trade currency futures and not US markets like ES or TF .

i do not recommend trading on Holidays market is not cooperating and you don't see follow through you can trapped yourself by taking bad trades .

Trading the futures market

Hello all , in this blog i will post my trades and my trading ideas about the market

currently I'm following 4 markets British pound (6B) ,Euro (6E) currency futures and the Indexes futures : ES- mini S&P , and TF - mini Russel 2000 .

i will go over my live trades and examples with ideas .

you are welcome to join me and post your comments about trading futures and how you like this site.

looking forward to hear from you

Technicator.