So I decided to start a trading journal to not only keep myself accountable but to get some critical feedback that I really can't get else where. I work in accounting and you'd think there would be another person as into trading as myself but my search has turned up empty. I digress, my strategy is pretty straight forward though I look to find tune it and tweak as I continue my trading journey. I use an MACD indicator(12,26,9), a 21MA and fractals as well as the typical support and resistance lines. The fractals give a signal on whether the candle is about to dip or rise, the MACD gives me a nice idea of the direction, the MA acts as confirmation when a candle crosses below or above and the support and resistance lines give me a pretty good idea whether either of these indicators are telling me bullshit. Today I placed 10 trades ( demo for now however I plan to switch to real money next week) and my first five trades werent that great. I had two ITM and 3 OTM. With a W L W L L all in that order. I promptly took a break and I asked myself what am I doing wrong and I mediated. My problem: lack of focus, my friends. I was bouncing between browsers, texting and not giving this thing my all as I should. How can wait for openings for trades and pounce on opportunities when I don't have my head in the game. So I mediated some more and asked the universe to give me focus and what do you know my next five trades were four ITM and one OTM. I have attached the pictures below. All these trades were with 10min expirations on a 5min chart. Two of the EUR_GBP trade were ITM with one OTM and the EUR/USD and USD/CAD were both ITM. I also traded from 7pm to 11pm standard eastern time.
I play to win.