The Progress of Alphahavoc III

alphahavoc · August 27, 2019, 10:46pm

Trading Day 21 ( 28 Aug 2019 )

28th Aug 2019
0655HR SGT
Symbol : GBPAUD
Action : Long
Lot : 0.02
Open : 1.81949
Target : 1.82041 (edit to 1.81991)
Stop : 1.81639 (hit stop)

Trade considerations,

3 stochastic crossover below 40% showing price well supported at 1.81700
SW rankings show overall positive net change in momentum index for GBPAUD

Coffee, kaya toast and half boiled egg for breakfast

28th Aug 2019
0814HR SGT
Symbol : GBPAUD
Action : Long
Lot : 0.04
Open : 1.81874
Target : 1.81941 (hit target)
Stop : 1.81639

Trade considerations,

stochastic crossover below 20%, price lower than 1st long GBPAUD positions.
Assume price will test 1.82100 price level

28th Aug 2019
0841HR SGT
Symbol : GBPAUD
Action : Long
Lot : 0.04
Open : 1.81853
Target : 1.81941
Stop : 1.81639 (hit stop)

28th Aug 2019
0918HR SGT
Symbol : GBPAUD
Action : Short
Lot : 0.04
Open : 1.81725
Target : 1.81549
Stop : 1.82151 (1.82551)

28th Aug 2019
0919HR SGT
Symbol : GBPAUD
Action : Short
Lot : 0.04
Open : 1.81728
Target : 1.81349
Stop : 1.82151 (edit to 1.82551)

28th Aug 2019
0947HR SGT
Symbol : GBPAUD
Action : Short
Lot : 0.08
Open : 1.81916
Target : 1.81810 (hit target)
Stop : 1.82151

My stop loss got hit. I’m going short on GBPAUD. 1.81700 was a strong support level. It was breached lower earlier. That means immediate directional bias is bearish.

Trade consideration,

1.81700 support breached lower
price bounce off a major level at 1.82000

28th Aug 2019
0918HR SGT
Symbol : GBPAUD
Action : Short
Lot : 0.04
Open : 1.81725
Target : 1.81549 (hit target)
Stop : 1.82151 ( edit to 1.82551)

28th Aug 2019
0919HR SGT
Symbol : GBPAUD
Action : Short
Lot : 0.04
Open : 1.81728
Target : 1.81349 (hit target)
Stop : 1.82151 (edit to 1.82551)

28th Aug 2019
1134HR SGT
Symbol : GBPAUD
Action : Short
Lot : 0.08
Open : 1.81096
Target : 1.81900 (hit target)
Stop : 1.82551

I went full margin once again, drawdown all the way to $800 when price level was at 1.823xx . What if i had been wrong. My account would have drop to about $500.

I just realised when my workplace was super busy, and when i did too much overtime work, my position sizing become aggressive.

Last night, i had 4 heart attack patient, did coronary angioplasty procedure with my doctors, nurses and med tech throughout the evening and night. I was exhausted, this morning my energy was lacking and i doesn’t seem to have enough energy to control my discipline self. I’m not trying to give excuse for myself, that i utilised full margin a 2nd time in this trading journal. Just want to document that when i’m too tired, i realised my discipline self wanes and position sizing also spiral out of control.

Hopefully, this dawn of realization can curb my aggressive position sizing or stop trading altogether the next time round. Otherwise, bad karma will find its way back to me eventually.

Price went way beyond my predetermined targets.

Why do humans do things even though they know its bad for them? Is it lack of willpower, lack of energy or something else?

alphahavoc · August 28, 2019, 10:43am

Rock climbing, where Life and death is just a thin line.

Forex trading, where exchange and gambling is a fine line.

29th Aug 2019
0226HR SGT
Symbol : EURUSD
Action : Short
Lot : 0.04
Open : 1.10835
Target : 1.10769
Stop : 1.10911

Trade considerations,

price trading below Ichimoku cloud, bearish trajectory
15min stochastic crossover above 80%

alphahavoc · August 28, 2019, 11:45pm

Trading Day 22 ( 29 Aug 2019 )

29th Aug 2019
0806HR SGT
Symbol : EURJPY
Action : Long
Lot : 0.04
Open : 117.605
Target : 117.641
Stop : 117.549 (hit stop)

29th Aug 2019
0853HR SGT
Symbol : EURJPY
Action : Short
Lot : 0.04
Open : 117.476
Target : 117.419 (hit target)
Stop : 117.611

29th Aug 2019
0853HR SGT
Symbol : EURJPY
Action : Short
Lot : 0.04
Open : 117.476
Target : 117.369 (hit target)
Stop : 117.611

Trade consideration,

Price breached lower than Ichimoku cloud support level, directional bias bearish.
EUR rank 8th and JPY rank 2nd

29th Aug 2019
1204HR SGT
Symbol : EURJPY
Action : Short
Lot : 0.04
Open : 117.41
Target : 117.319 (hit target)
Stop : 117.461

Trade considerations,

Assume price will be resisted by Ichimoku cloud resistance level at 117.450
price trading below Ichimoku cloud, directional bias bearish.
Two stochastic crossover above 80%, overbought exhaustion

29th Aug 2019
1619HR SGT
Symbol : EURJPY
Action : Short
Lot : 0.04
Open : 117.598
Target : 117.549
Stop : 117.661 (hit stop)

Trade considerations,

Assume 117.650 is a resistance level
117.650 supported by previous 2 stochastic crossover, while a 3rd one is forming
price may be doing a mean reversion

Arrgh… my last scalp trade failed. Apparently, resistance level with 2 stochastic crossover is not strong enough to resist the strong bullish momentum. Furthermore, previous hourly candle demonstrating super strong bullish momentum. Why the heck i did i go sell? Stupid trade. I must be tired, getting trigger happy again.

29th Aug 2019
1743HR SGT
Symbol : USDJPY
Action : Long
Lot : 0.04
Open : 106.234
Target : 106.291
Stop : 106.189
(manually closed at 106.229, lose 0.5pip)

Trade considerations,

bullish trajectory
106.200 supported by at least 3 stochastic crossover

29th Aug 2019
1819HR SGT
Symbol : USDJPY
Action : Short
Lot : 0.08
Open : 106.226
Target : 106.169
Stop : 106.351

Trade considerations,

106.200 support breached lower,direction bias imo bearish
taking 106.350 as resistance level.

No matter what, this will be my final trade for the evening, i’m EXHAUSTED!!! Trading and documenting is super tiring. I’m at my limits.

justshell · August 29, 2019, 3:38pm

yea, i completely understand LOL I recently started a journal on here, but I’m used to just taking notes in my notebook and it’s hard for me to update two separate journals

alphahavoc · August 29, 2019, 8:15pm

Alphahavoc the fool did it again! Trading with 0.1lot. When will you ever learn?

source

alphahavoc · August 29, 2019, 10:07pm

Trading Day 23 ( 30 Aug 2019 )

30 Aug 2019
0603SGT
Symbol : USDCHF
Action : Long
Lot : 0.04
Open : 0.98658
Target : 0.98701
Stop : 0.98589 (hit stop)

1st trade of the day. Hit stop loss reversed and hit target.

30 Aug 2019
0955SGT
Symbol : GBPUSD
Action : Short
Lot : 0.04
Open : 1.21799
Target : 1.21699 (hit target!)
Stop : 1.21961 (adjusted to 1.22201)

Trade consideration,

price breached below Ichimoku cloud support level, bearish directional bias

Dinner at Long John Silvers

30 Aug 2019
2009GT
Symbol : GBPUSD
Action : Short
Lot : 0.01
Open : 1.21853
Target : 1.21519 (hit target)
Stop : 1.22411

alphahavoc · September 2, 2019, 1:55am

Trading Day 24 (2 Sept 2019)

02 Sept 2019
0945SGT
Symbol : AUDUSD
Action : Short
Lot : 0.02
Open : 0.67311
Target : 0.67209 (hit target)
Stop : 0.67511

02 Sept 2019
1721SGT
Symbol : AUDUSD
Action : Short
Lot : 0.02
Open : 0.67256
Target : 0.67199 (hit target)
Stop : 0.67511

02 Sept 2019
0945SGT
Symbol : AUDUSD
Action : Short
Lot : 0.02
Open : 0.67325
Target : 0.67119 (hit target)
Stop : 0.67511

02 Sept 2019
1912SGT
Symbol : AUDUSD
Action : Short
Lot : 0.02
Open : 0.67169
Target : 0.67119 (hit target)
Stop : 0.67511

alphahavoc · September 2, 2019, 11:16pm

Trading Day 25 (3 Sept 2019)

03 Sept 2019
0751SGT
Symbol : EURCAD
Action : Short
Lot : 0.02
Open : 1.46150
Target : 1.46009 (hit target)
Stop : 1.46611

03 Sept 2019
0751SGT
Symbol : EURCAD
Action : Short
Lot : 0.02
Open : 1.46150
Target : 1.45819
(manually closed at 1.45842)
Stop : 1.46611

03 Sept 2019
0759SGT
Symbol : EURCAD
Action : Short
Lot : 0.04
Open : 1.46186
Target : 1.46099 (hit target)
Stop : 1.46611

03 Sept 2019
1039SGT
Symbol : EURCAD
Action : Long
Lot : 0.02
Open : 1.45836
Target : 1.45941 (hit target)
Stop : 1.45699

03 Sept 2019
1211SGT
Symbol : EURCAD
Action : Short
Lot : 0.04
Open : 1.45924
Target : 1.45869
Stop : 1.46131 (edit to 1.46021, hit stop)
Itchy finger, why did i edit the stop? Otherwise i would have hit target…

03 Sept 2019
1453SGT
Symbol : EURCAD
Action : Short
Lot : 0.04
Open : 1.45913
Target : 1.45819
Stop : 1.46121 (hit stop)

03 Sept 2019
1443SGT
Symbol : EURNZD
Action : Short
Lot : 0.04
Open : 1.73827
Target : 1.73719 (hit target)
Stop : 1.74151 (adjusted to 1.74401)

03 Sept 2019
1555SGT
Symbol : EURNZD
Action : Short
Lot : 0.04
Open : 1.73822
Target : 1.73719 (hit target)
Stop : 1.74351 (adjusted to 1.74401)

03 Sept 2019
1443SGT
Symbol : EURNZD
Action : Short
Lot : 0.04
Open : 1.73823
Target : 1.73569
(manually closed at 1.73853)
Stop : 1.74151 (adjusted to 1.74211)

03 Sept 2019
1619SGT
Symbol : EURNZD
Action : Short
Lot : 0.04
Open : 1.73834
Target : 1.73719
(manually closed at 1.73851)
Stop : 1.74351 (adjusted to 1.74211)

alphahavoc · September 4, 2019, 6:33am

Trading Day 26 (4 Sept 2019)

04 Sept 2019
1429SGT
Symbol : EURCHF
Action : Short
Lot : 0.04
Open : 1.08474
Target : 1.08409 (hit target)
Stop : 1.08721

04 Sept 2019
1519SGT
Symbol : EURCHF
Action : Short
Lot : 0.04
Open : 1.08486
Target : 1.08419 (hit target)
Stop : 1.08721

04 Sept 2019
1559SGT
Symbol : EURCHF
Action : Short
Lot : 0.04
Open : 1.08582
Target : 1.08509 (hit target)
Stop : 1.08721

04 Sept 2019
1429SGT
Symbol : EURCHF
Action : Short
Lot : 0.04
Open : 1.08474
Target : 1.08319 (hit target)
Stop : 1.08721

alphahavoc · September 4, 2019, 11:11pm

Trading Day 27 (5 Sept 2019)

05 Sept 2019
0722SGT
Symbol : USDCHF
Action : Short
Lot : 0.03
Open : 0.98073
Target : 0.98019
Stop : 0.98211 (hit stop)

05 Sept 2019
0722SGT
Symbol : USDCHF
Action : Short
Lot : 0.03
Open : 0.98073
Target : 0.97969
Stop : 0.98211 (hit stop)

05 Sept 2019
1251SGT
Symbol : USDCHF
Action : Long
Lot : 0.06
Open: 0.98374
Target : 0.98411 (hit target)
Stop : 0.98199

05 Sept 2019
1207SGT
Symbol : USDCHF
Action : Long
Lot : 0.03
Open : 0.98419
Target : 0.98451 (edit to 0.98441)
Stop : 0.98199

05 Sept 2019
1207SGT
Symbol : USDCHF
Action : Long
Lot : 0.03
Open : 0.98419
Target : 0.98501 (edit to 0.98441)
Stop : 0.98199

05 Sept 2019
1219SGT
Symbol : USDCHF
Action : Pending Short
Lot : 0.03
Sell stop order : 0.98199
Target : 0.97819
Stop : 0.98501

05 Sept 2019
1347SGT
Symbol : USDCHF
Action : Long
Lot : 0.06
Open : 0.98348
Target : 0.98391
Stop : 0.98199

Got angry today and lose control of myself. Laugh at me everyone, i will never get angry ever again. From now on, regardless the situation i get myself into. I have no right to be angry. I am going to torture myself till i turn this $984 into $10k! Just watch me!

anon46773462 · September 5, 2019, 3:08pm

I doubt anyone is laughing at you, friend! You are trying so hard and so conscientiously, and your approach seems to be working on the whole.

So what is going wrong? It seems to me, if you don’t mind me saying so, that it is your risk management that is all astray here.

One minute you had doubled your initial capital since your start in July - and then in one single trade you have given back all that profit back and more! It seems that you are prone to try to win back losses quickly by taking abnormally large positions. Naturally, that kind of policy will sometimes work - but inevitably it sometimes won’t, too!!

Might I suggest you try defining and scaling your position size according to the growth in your equity. For example, max 2 lots up to 1500, then max 3 lots up to 2000, then max 4 lots, etc. And if your equity takes a hit back below a level then you drop your position size back accordingly to match your equity?

This may help add some discipline to your risk exposure?

Just some thoughts, I hope you don’t mind! And keep cool!

alphahavoc · September 5, 2019, 3:33pm

I can’t sleep now. Wild Thoughts running through my mind. I have no discipline. Zero discipline. I don’t deserve the money. No more luxurious food for me. No luxurious lifestyle. I weight 77kg, height 1.72m . I’m 15% overweight.

If i can’t lose weight. If i can’t get fit. I will lose control again somehow. I need to exercise. I will climb the staircase from now on. No more elevator. I don’t deserve the elevator. I live on the 10th floor. I will use the staircase everyday from now on. 100 pushup everyday. Haven’t done any for decades. I can barely do a single pull up. I use to be able to do 15 pull up 20 years ago. I will do situp too.

Eat healthy, exercise, smile, take insult and smile because i deserve it. It seems i have to continue my hectic work in the hospital and save money. While i do this forex thing part time. There is no other way. Full time forex trading is only a joke. I’m not trustworthy. Zero credibility. Anyone who hand me their money is as good as gone. I will never trade with other people’s money. I will make my own money with my own money. i will not use a single cent for myself. I will give it all to my children and wife. i will make as much as i could for as long as i live.

Just did 20 push up. It seems to be my limit at the moment. I will achieve my target of 100 push ups one day.

I’m contemplating at the moment, if i should fast for 5days so as to achieve a state of ketosis. Still thinking.

Success in forex is not only about the method. It is about discipline in mood and self control. If a person have no discipline in their daily life, household chores, healthy lifestyle, anger management. That person is a failure in life. He will not succeed in forex trading. Scammers who cheat others will only live to regret in jail one day. When a trader lose money, he will be labelled as an incorrigible gambler. 42 years old, 7 years of hardwork, should i continue down this path?

I think i’m going mad. It is so painful. Felt like crying but there is no tears. No one else to share this with except babypips community…

alphahavoc · September 6, 2019, 9:28am

Trading Day 28 (6 Sept 2019)

06 Sept 2019
1721SGT
Symbol : EURUSD
Action : Short
Lot : 0.01
Open : 1.10325
Target : 1.10119
(manually closed at 1.10259)
Stop : 1.10611

Maximus_martins · September 8, 2019, 8:02pm

Wow! How did I miss your return!! I was actually waiting to see you come back.

Hi @anon46773462
Hi everyone

While going through this new thread again, I experienced loads of Déjà Vu(s), half way through and I was already saying to myself “he hasn’t changed a bit”. Same actions = same results.

Same good city pictures (except the junk foods, you do eat a lot of junk Alpha), same pictures of charts and load of indicators (which makes me wonder the direction if the tragedy), same portfolio statement which shows a drastic lack of risk management.

I don’t wish you anything bad, but if you continue like this again, there’ll be a “return IV”

Max.

ponponwei · September 8, 2019, 9:20pm

Don’t be too hard on yourself. I like that you have measurable goals here at least for your physical well-being. Our bodies truly are our single biggest investments. So I support your goal of fasting, exercising, and eating healthy. Perhaps limiting your McDonald’s treats to only once a week? You can try Intermittent Fasting at least. Do the 16:8 IF for now.

Meanwhile here’s a good read I just came across recently. Might help you out also:

https://markmanson.net/self-awareness

alphahavoc · September 9, 2019, 2:36am

i hope not. Alphahavoc III will be the last sequel.

I fasted for 39 hrs and gave up. No more coke.

Ginger Onion fish rice with Oldenlandia Water.

alphahavoc · September 9, 2019, 7:35am

Trading Day 29 (9 Sept 2019)

09 Sept 2019
1530 SGT
Symbol : EURUSD
Action : Sell stop order
Lot : 0.01
Pending sell stop order : 1.10189
Target : 1.09719
Stop : 1.10901

Trade considerations,

Price broke Ichimoku support level, if price breach 1.10200 level a 2nd time, price may tumble to 1.09700
A bunch of Stochastic crossover are suggestive of strong resistance at 1.10900 price level( Last week High)

I’m sick of scalping. Doing a set and forget kind of style trading approach. I’m currently exploring live broadcast on youtube with obs. Contemplating making videos on forex trading and tutorial on chinese chess for beginners.

09 Sept 2019
1621SGT
Symbol : EURUSD
Action : Short
Lot : 0.01
Open : 1.10358
Target : 1.10289
Stop : 1.10601

Trade considerations,

Speculating on a bounce off either 50% or 61.8% fibo level, aiming for 23.6% fibo level.
Stochastic crossover at 80%, sign of overbought exhaustion.
Average hourly range(ATR5) more than 100%
Stop loss level set at Friday High

So much for my sick of scalping . The above scalp trade is purely discretionary and based on personal experience. There is very little strong basis for this short trade entry. If any would be ATR 5 of hourly candle more than 100% and assumption of bearish trend would resume. My directional bias for EURUSD is bearish due to the doji formation last Thursday on the daily candle.

Update of my current order,

09 Sept 2019
1530 SGT
Symbol : EURUSD
Action : Short
Lot : 0.01
Open : 1.10289
Target : 1.09919
Stop : 1.10901

09 Sept 2019
1621SGT
Symbol : EURUSD
Action : Short
Lot : 0.01
Open : 1.10358
Target : 1.10199
Stop : 1.10901

09 Sept 2019
2110 SGT
Symbol : EURUSD
Action : Sell stop order
Lot : 0.01
Pending sell stop order : 1.10299
Target : 1.10199
Stop : 1.10901

09 Sept 2019
2128SGT
Symbol : EURUSD
Action : Short
Lot : 0.01
Open : 1.10477
Target : 1.10369
Stop : 1.10901

I decided to add more short due to the presence of a super long bullish candle on the 1min chart, which IMHO is a clear sign of overbought exhaustion to me. Personal discretionary experience.

ponponwei · September 9, 2019, 1:31pm

39 hours is crazy long especially for someone who hasn’t been “training” for it. Good job! Looking forward to these changes to your diet as something sustainable.

Good luck! I’m shorting too but maybe at 1.11 or something.

alphahavoc · September 9, 2019, 1:38pm

Actually, i’m pretty confident if 1.10300 price level is taken down, bearish hell should break loose. You may consider shorting if you see 1.10299, i believe price may go down to as far as 1.09700 IMHO. Well, i could be wrong though…

Major resistance at last week High 1.10901
Cut loss if that level is breached.

ponponwei · September 9, 2019, 1:48pm

That would be beautiful. Marking 10299! I shorted this pair 2 weeks ago also. Rode it down to 1.1000 from about 1.1070. Didn’t have the guts to wait for it to go lower though Sucks I didn’t buy it after seeing the reversal.