Yep, that is what the journal is for. Hopefully we all learn from this project, myself included of course.
Attached please find one of the main reasons as to why my signals switched from shorts to longs today. The trendline also marks the three tops...
Mike, Sometimes it's hard to get a good fill because logical trading is no secret to experienced traders. What I do to overcome this is I try...
I was just speaking to a fellow trader and he suggested that the more things get added the more complicated the system can get. He is absolutely...
D, Would be nice if you can share any findings as you get more experienced with it. I'm afraid I never found any real value with MP but...
Mike, Glad you asked these questions. Base on the original rules you are absolutely correct but note that there are certain patterns where I...
Today's scalps.... Green vertical denotes a long signal. Red vertical denotes a short signal. One of the longs was a loser, little trend...
Hi, 1) Never found a way to consistently profit from it. 2) Yes avoid obvious areas of congestions is a good thing. Must take this into...
Thank you
When trading the hammers, just put your stop a few ticks below the hammer's wick. If it takes that the hammer did not do a job, assuming it was...
The intention of this post is to help struggling traders turn their trading around. It's my way of paying it forward and contributing to a board...
Here is an example from some months ago in the ER2. I usually ignore hammers in the afternoon they tend to have more validity early in the...
I'll give you the Cliff Notes version of the Holy Grail and you practice this on paper/simulator until you produce consistent profits. :) -...
Bogan, Hard to say if it's a true tale or not but current price is at GLOBEX low right now. For a lack of a better word, it's looking like shit.
First of all, 1550 is resistance and plenty of opportunities were given to sell at that price. At the very least 1549.75 was very doable....that...
I see a couple of problems.... - 1 min is too thin for the volume of this equity - You need multiple confirmations, a hammer, even a good...
Here is a chart of the YM today. If you take the time to analyze the highs and the lows you will conclude that not only is the trend your friend...
Charly, A one minute bar can sometimes become a massive vertical line with a huge range. Without reading the tape it's hard to determine where...
I use tick/share charts to break the longbars and look at the inside. No other reason.
It's actually riskier in this market to short at any given point than to buy "tops".
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