1 / 21

From RLCO + Renko charts trading to junior brick maker

From RLCO + Renko charts trading to junior brick maker. Kansas City 2016 Research Weekend – distance learnig presentation by Jacek Sobieraj. Kansas City June 2015 Research Weekend. Trading journey - 2015. What was that project? One year later I am laughting at it.

violet-yang
Download Presentation

From RLCO + Renko charts trading to junior brick maker

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. From RLCO + Renko charts trading to junior brick maker Kansas City 2016 Research Weekend – distance learnig presentation by Jacek Sobieraj

  2. Kansas City June 2015 Research Weekend

  3. Trading journey - 2015 • What was that project? One year later I am laughting at it. • I was trying to get rid of noise in market in order to trade comfortable …… • Combining renko charts with RLCO P1 pattern seemed to be a solution to be profitable in market but without enough evidence • Hmmmmm ……… • I have seen Ken and other advanced traders earning several Rs day by day consisently using RLCO patterns

  4. After KC 2015 • I joined one year coaching programme • I have seen my own eyes that earning consistency in market is achievable • I have written down my plan to earn 5R per week consistently and achieve that goal in three months ……. after the workshop ….. • I started doing all exercises that Ken was sending us – feeling great • Gil, Joey and me were doing Skype calls on weekly basis • Started preparing weekly digest together with Gil

  5. Next step after KC 2015 • I had written plan for next quarter • Had completed psychological exercises (I thought I did that 100% correctly) • Decided to do 2000 simulations in Forex Tester in order to improve my trading craft (all RLCO patterns, several symbols) • Prepare trading journal out of my simulations

  6. Next step after KC 2015 • I did 590 simulations in Forex tester for XIV based on data from 2012 • Great result SQN 4.98 !!??– I knew I couldn’t duplicate it in real world • I was trading P1, SQC, Z3PO and RLxD only • I was trading in sim according to above patterns but was pressing next candle button in order to fast forward. There were days that I traded several transactions per day and days that I did just one or two -> it proved to be a trap for me

  7. Next step after KC 2015 • I decided to trade with real money because I was doing so well in simulator so what’s the problem to repeat it in real word? • Results? • Reaction – frustraction. I was using four bullets rule and traded small position. That saved my capital and I stopped doing it after getting statistically significant sample

  8. Next step after KC 2015 • I have stopped trading and started reading following books: • ‘Trading in the Zone’ • ’10-Minute Toughness’ • ‘Chimp paradox’ • I realized that – I was not patient (I had deeper problem – fear of not reaching my goals as planned).It was a result of falling into trap when doing my sims when I was pressing next candle button in order to ‘fast forward’ time

  9. Next step after KC 2015 – Year 2016 • I decided to join two on-line courses: Swing Trading and Intra Day Trading • Started hard work again. Doing every exercise, watching videos etc.

  10. Next step after KC 2015 – Year 2016 • During Day Trading online course new generation patters appeared: Owl, pocket, falling / rising dragon • Ken has given me an assigment to trade Owl pattern for my favourite symbols, • Hhhhmmmmm • It is simple, have few rules, easy to apply and seems to be working in all time frames • I have seen also ‘Brick making process’ videos posted in chat room by Ken – it is exactly about me • Don’t try. DO! As master Yoda says. So I followed this way

  11. Next step after KC 2015 – Year 2016 • During Day Trading course we were obliged to do several exercises • I prepared my House of Trading – after long discussion with Sonal and thanks to her questions I realized that my house of trading was not mine, it was product of an imagination that is not me • I am a simple brick maker (or rather junior break maker) from videos posted in chat room • I have prepared it again doing hand made sketch (not .ppt presentation)

  12. Next step after KC 2015 – Year 2016

  13. Next step after KC 2015 – Year 2016 • I have simple process, I am a simple man, strong sequential thinker with limited span of control (2 positions only) – I knew it from the beginning of coaching program after first few exercises • Few years ago I took Peak 101 and was described as ‘Detailed trader’ that can be quite successful following simple system (even developed by other person) that fits me • So ‘OWL’ seems to be the right system for me • Let’s try • I started trading OWL pattern for all symbols from Ken’s logic chain – paper trades only

  14. Next step after KC 2015 – Year 2016 • I take trades that meet setups#1 – setup#5 only, • First 90 minutes I use 1 minute charts • Then switch to 3 minute charts • Never risk more that 1R • Try to set tight exits (I like top/bottom of dragon or Z+1/Z-1) not Z2 as in original concept • I use four bullets rule

  15. Next step after KC 2015 – Year 2016 Results of last 140 paper trades

  16. Next step after KC 2015 – Year 2016

  17. Next step after KC 2015 – Year 2016

  18. Next step after KC 2015 – Year 2016 • Make a transition from paper trading to real money trading • Make 100 real money trades with small position sizing • Document feelings, emotions and compare them to trading journal of paper trades • Find discrepancies between both

  19. Lessons learnt after KC 2015 • Stick to one simple pattern and trade it until you feel comfortable with it (OWL for me). • Less is more (trade less and follow script) – I hear Sonal’s voice here • Balance in life is a key • First of all I have to believe that I can accomplish my targets. Not try, DO as Yoda says. • Building house of trading is a key for professional trading. Great exercises during on-line day trading course. Thank you Ken and Sonal! • I am a simple brick maker that does routine things routinely • I have everything necessary to progress in trading just use it consistently: coach, chatroom community, trading journal, daily learning journal, great on-line courses. • Going to gym regularly is important for me.

  20. Goals as SMART for next 6 months • earning on average 5R per week consistently in real money in all market types • 2R per week till August 31, 2016 • 3R per week till September 30, 2016 • 4R per week till November 30, 2016 • 5R per week till December 30, 2016

  21. Thank you ALL for great journey during last twelve months • Ken as our great coach • Gil and Joey as great accoutability partners • Sonal and Jeff that joined recently our weekly skype calls and share theirs experiences • All chat room members that are supportive and eager to help

More Related