trendies FTMO Adventure V: Revenge of the RSI

[trendie]

No trades today.
I think I am still sulking over blotting my copybook!

I watched the market diligently today, watching, and noting the waves of movement, but not trading, from 7:30am - 11:30am, then from 16:00-19:00.

3 days of trading this week,
+853, + 230, - 972.
A nett gain of £100ish on the week. Essentially, treading water this week.
Still, am 1,642£ up over 2 weeks / 5 days of trading.

Still in the game!
Hope you had a great week, banking money, and have a great weekend.

 

[NVP]

hey T

can you remind me of the basic rules ?

thanks
N

 

[trendie]

hey T

can you remind me of the basic rules ?

thanks
N

Ha ha ha!!

I think it was Mike Tyson who said that "Everyone has a plan until they get punched in the face." or some such.

Yes I know I am ignoring these rules, and I shouldn't. But that's boring.

Hope you're enjoying the lovely weekend.

 

[trendie]

Wasn't going to trade, so left all day, except couldn't help myself.
Anyway, did the hedging thing, and got lost in managing the pairs,

Total gains (+189, + 109, +123, +197) but a hedge of (-336, -205).
So, +618-ish, less -541, for about a roundabout gain of 70/80-ish.

Then, another pair of (+87, +13) for about +100.
Less costs, +158 day.

A non-day, should have either traded the whole day, or the proper sessions, not the tail end,

 

[trendie]

General observations of watching the markets during the day:
01: I have been aware of levels, especially on the tick-charts.
These are fascinating to watch, and see how they hold, and how they break.
The flurry of movement, and the strength with which price moves up or down, with a related sluggish move when going the other way, eg, strong surge up, gentle fallback down, then another impulse surge, etc.

02: I am aware of levels, but still cannot fathom whether I should expect them to hold, or break.
(case in point, my first trade today, (this evening) was a level break, but couldn't tell if it was meant to continue or rally.

03: I have noticed that my signals can be contradictory! I noticed when in an upmove, I get lots of arrows showing OB, and when in a downmove, there are lots of OS signals.
Obviously, I only consider OS signals in an uptrend, and OB signals in a downtrend, but it occurred to me that they might be the forewarnings of a trend change!
Continuous OB means the market is rising, so of course I am going to get multiple OB signals.
And vice versa.
But, it occurs to me that an OB signal may be early signs that a downtrend is running out, and an uptrend is on the cards.
EDIT: if my study shows this as viable, I can use market structure to trigger trades, rather than MAs, since OB/OS is more related to ups and downs, and more reactive to the true market structure, rather than an MA.

Of course. Stochastics, since they signal OB/OS within a predefined certain range, can be seen as dynamic range-breaks.

I have been mulling over (for a few weeks now) that a new trend change is when the second OB signal is higher than the earlier one may be a true signal for a Long, or the second lower OS signal is the trend change and signal for a Short.
Maybe I should Buy the second OB signal! and Short the second OS signal!

But this then reminds me of Swing Trading that I read about so long ago!

04: I have been aware of Round Numbers today. And how price seems to be drawn them, and prices bounce off, or tarry around.

05: I have been aware of how waiting too long at any price to move, my mind starts to question itself about a potential trade. If price is at X, and I think of going Short, of price stays too ong at price X, I statt questioning my decision.
EAs don't have this problem!

 

[trendie]

Better today.
Morning session, resulted in (+223, -10, + 40), total = +250.

Early afternoon, resulted in the need for aggregated trades.
However, I had a spikey event, and it took 20-30 seconds to close 3 of my trades.
Got spooked by that. But positively. I don't think I profited too much, as I was looking to close out around the 34190 mark, where the initial trade did get closed out for near break-even.
Anyway, (+108, + 3, + 93, +163) resulting in a nett gain of +360£.
The overall drawdown was around 300, so good outcome.
Really happy, as one of my trades, short 34,236 got taken out for +108, then I managed to take a second trade, short 34,227, also closed out, so I made money twice on the same price range.
The 34,194 was the trade that caused the aggregation to happen.

Then, price got really wild. I lost confidence on taking on the US30, as I wondered if I would get slipped, so held back.

So, nett gain today of +608 on 2 sessions.

 

[trendie]

No trades today.
Missed the morning session.
And early afternoon seemed dull and narrow range.
FOMC news on the horizon.
Will probably not look for anything today.

 

[trendie]

Happy. Not happy.

Got slightly impatient. But, at the same time, took multiple positions.
Happy I got good levels for my aggregates. (esp the 34,509!)
Market went my way, and passed the finishing post with a great market fall.

Happy that I am past the Challenge.
Slightly unnerved that the success may have more to do with market moving quickly, rather my skill.
The total drawdown I experienced was around the 450/500 level.

If the market had fallen more slowly, I suspect I would have closed out my positions for around 200£ wins each. Instead, the tumble allowed me to take more profit. I feel I took about 400 / 500 more than I would have had the nerve to hold on for, if market fell slowly.

I am in the enviable position, to play out the next 2 days at 0.1 lot!

 

[IlIlIlIlI]

Congratulations to your success!

 

[trendie]

Congratulations to your success!

Much thanks!
More due to luck than skill, but a success is a success.

 

[trendie]

No trades today!
Strange, given that I had around £140 to blow, and all would still be good.
I decided that I would split the 140£ (leaving me 3,510 profit as a winning challenge) into 2.
Thats 70£. Thats about a 40-pip risk trade, if I traded 0.25lots.

Anyway, I still was aware of going for winning trades, and not just place a notional trade just to crank one step closer to Minimum Days.

This week had 3 trading days: +158, +608, +1240, for a positive +2,000£-ish.
I consider the 1240 as a windfall day, as in truth, I think I was gifted about 400-500 by US30.
Thank you US30!

Hope you had a great week. Have an even better weekend.

 

[trendie]

Oooooh, thats interesting.

I took two small trades, winners.
They still havent been updated on my Journal.
(supposedly, updated every 10mins or so.)

Why?
Am I being paranoid?

 

[trendie]

 

[trendie]

My FTMO account still hasn't updated yesterdays 2 mini trades.
Nor has it recorded todays trade, a winner.
I am concerned!

Anyway, it should be showing 4-green ticks, with an overwin of around 200£.

 

[trendie]

This is what my FTMO account is showing.
Nothing showing for Sep 27 and Sep 28.

 

[IlIlIlIlI]

This is what my FTMO account is showing.
Nothing showing for Sep 27 and Sep 28.

View attachment 306604

I would write to customer support using the button from the client area with the account screenshots (account number visible). I always got answers within less than 24 hours, while mails were not answered sometimes.

I'm not sure, but it looked like there were some issues - or bad broker actions - today with the US100 pricing. I was missing the 1 minute 15:45 bar in MT4 for minutes - maybe the broker halted the price feed for more than one minute. The bar appeared 2 or 3 minutes later.

 

[trendie]

The Contact Us button is BLANK.
I have emailed them the Tickets missing, complete with screenshots.
I will wait till tomorrow morning, giving them overnight, in case some "end of day" function could reset it. If not fixed, I will have to call them.

I even tried logging out of the MT5 platform, and re-logging in afresh via the "Login to Trade Account" . No difference.

 

[trendie]

....
I'm not sure, but it looked like there were some issues - or bad broker actions - today with the US100 pricing. I was missing the1 minute 15:45 bar in MT4 for minutes - maybe the broker halted the price feed for more than one minute. The bar appeared 2 or 3 minutes later.

There is a gap on the US30 of missing Minute bars. 17:36 to 17:41 missing.
I have noticed lots of glitchy stuff on US30 recently, so swapped back to DAX.
Also, switched to 5-mins as 1-mins are all over the place.

 

[IlIlIlIlI]

The Contact Us button is BLANK.
I have emailed them the Tickets missing, complete with screenshots.
I will wait till tomorrow morning, giving them overnight, in case some "end of day" function could reset it. If not fixed, I will have to call them.

I even tried logging out of the MT5 platform, and re-logging in afresh via the "Login to Trade Account" . No difference.

View attachment 306605

I meant to open a ticket, sorry for being not clear:

 

[trendie]

Inching our way there.
Somebody has added todays trade to the mix.
Yesterdays trades still not showing.