Start of July and about technical analysis

Hi everyone,
What I scared about in the last post came true. I feared about my not smoking and trading consistency. So I am back to my 30 cigarettes in a day and I got 4 very inconsistent days in trading... Well, they tell true that "your thoughts create your reality", was thinking about negatives things and I feared too much about my failing, so it just came true. However there is another good quote "always try one more time when you fail". It always works like this especially in trading!  Do not give up too early. Will gonna try some medicines for my smoking problem called "Champix" and I think I already managed to fix my consistency problem in trading again. Here you can see July PL

I traded too much days in a row, I think 9 days in a row without day offs. Got very tired from a millions small decisions in the trading days. My mindset changed from positive calm and patient to angry greedy inconsistent looser. However I already got a cure for that PL killer, fucked up mindset :) I read few chapters  from a book about trading psychology, putted on my headphones with "brain synchronization" tracks "total relaxation" and "high focus" while trading, read older my posts and eureka! That greedy angry inpatient bastard is gone. Now I can see markets objectively and make right decisions again. It's very strange when you start to notice your shifts in the mindset, when I was inconsistent in these few days I could not see markets! I just wanted to make fast few tick profit and I was getting very angry when markets was punishing me then I made very bad decisions. And with a right traders mindset I sit calm, waiting for the right spot to put my trades and I can notice my self talk "no entry, no entry, spoof money, no entry, it's getting support here, and resistance there, probably it's gonna work for few ticks with taking one tick risk, oh it's a real money, I can follow them for a few ticks again, no entry, no entry, it's too early to make entry, it's too late to make entry, it gets resistance here so I should close my trade.... fav is going up so it's okey to make back bet on that horse... and so on and so on..."  it's a lot better than "SHIT, I HATE THEM, F...K I HATE MYSELF FOR THAT STUPID ENTRY..., I WANT A TICK!!! I AM NOT CLOSING MY POSITION, MY RED IS TOO BIG!!!"

I increased my stakes for a little, and in the beginning it was hard to get used on them, but now it seems okay. I swear to my self to take at least two days off in a week, best time Monday and Tuesday when markets are worst for me.

About TA
Technical analysis is about seeing patterns and support/resistance points more clearly. I am not using QuantSports-Ninja charts any more, I already know what these lines and indicators would be showing at any time in the market, I just watched and analyzed them so many times that I know when MACD is changing and I know where is momentum or home base line, I see where is the last swing low/high, I know where pulback of the swing is going to end - to the a Fibonacci retracement level! .... These charts are in my head! However I am very thankful to QuantSports-Ninja charts, It helped me to see markets in a different light and notice things what I probably never would see without them. Here you can see few charts what I was playing about 3-4 months... Nice ones :) Do you see support/resistance, entries, exits and stop losses?

At the time I am trading with 8 ladders on my monitor. Almost in every market I find a place to put my trades. Most of them are scalping trades, however sometimes I catch swings too.  I am not trading only favs, because sometimes it gets very annoying to fight with all the spoof action, and very fast price moving speed. But I always watch them because for the correlation, if the favs are going up someone must be going down...

Remember your dream
When I started to trade I said to my self, I will gonna be making +150eu average in one day. However that dream failed, after one trading year I was not making anything, I was depressed and disappointed. Indeed things get nicer in the last few months :) In the last Saturday I beat my old PL record, with 210.55 profit. I will not be making so big (for me) profits every day, I will be very happy if I could make 50eu in average in one day. I will not gonna be chasing my old dream for 150 every day, because I know what pressure do in my trading, I always get a long drawdown. I will be taking what markets gives me.

When things will come slower in the autumn I am gonna trade Forex. But I will trade horses too, unless I will be making tons of money there :) ... But it will not going to be fast, probably I will need couple of years there too.

Well I think this post is a way too long. So good luck.