HOME FORUMS BROKERS SOFTWARE BOOKS CONTACT US
Elite Trader Your Account  •  Become a Member  •  Help  •  Search    
    Forums ›› Trading for a Living ›› Journals ›› TF & ES short term  


Post A Reply
    Page 12 of 16:   « First Page   3  4  5  6  7  8  9  10  11   12  13  14  15  16  
killingtheta
 

Registered: Jul 2010
Posts: 41

 

04-20-12 01:39 PM

Great journal. I look forward to seeing your daily recap.
One question. How did you choose your tick size for your charts? Do you use the smaller tick chart for your entry and the larger to manage positions? Or something like that? I guess that's more than one question.
Keep up the great work.

    Edit/Delete Quote Complain
indextrader7
 

Registered: Apr 2012
Posts: 75

 

04-20-12 06:41 PM


Quote from killingtheta:

Great journal. I look forward to seeing your daily recap.
One question. How did you choose your tick size for your charts? Do you use the smaller tick chart for your entry and the larger to manage positions? Or something like that? I guess that's more than one question.
Keep up the great work.



I can't say for sure how I decided on the tick size for my charts. I've tried everything from a 2 range chart, to 4hour charts. I suppose it comes down to finding the right time frame to fit your own personality and trading style. Mainly personality, because your trading style should fit personality as well.

I continually monitor several timeframes to keep a 3D view on the market. Sometimes I choose to be "dumb" and only watch my main trading timeframe while I'm in a position, as to not get distracted by possible noise. But at that time I'm already well aware of the market structure on the longer timeframe, and have a plan for managing the trade.

    Edit/Delete Quote Complain
indextrader7
 

Registered: Apr 2012
Posts: 75

 

04-21-12 01:13 AM

Looking at the markets today, looks like there was some potential (easy to say in hidsight of course). It was nice to get out on the golf course, although I didn't shoot that good of a round... still love being out there.

Hope everyone killed it. Enjoy the weekend.

OH, I wanted to share something too... I came across this guy talking about trading stuff. Something that really stood out for me was how he said trading DOESN'T take discipline. He said if you really LOVE trading, it doesn't. Does it take discipline to provide for your children? Does it take discipline to go to the golf course if you love golf? No.

He says it's all about the love. All you need is to know when you'll get in & get out, and love doing this work. (He also made a reference to the importance of REALLY thinking of trading as work, to make sure you don't have some psychological issue about not deserving the money that consistent trading can bring you).

Just thought I'd share.

    Edit/Delete Quote Complain
indextrader7
 

Registered: Apr 2012
Posts: 75

 

04-21-12 01:34 AM

I'll be posting a "hindsight" review video shortly. It's something I always do when I don't trade a day, and it might help you guys see how I analyze charts.

    Edit/Delete Quote Complain
indextrader7
 

Registered: Apr 2012
Posts: 75

 

04-21-12 01:44 AM

    Edit/Delete Quote Complain
d08
 

Registered: Aug 2008
Posts: 1369

 

04-21-12 02:18 AM

Excellent thread, the recaps are clear and logical + interesting.

Btw, on 4/16 just before the inverse H&S there was a regular H&S which you didn't take for some reason, it tested the neckline again after some minutes.

    Edit/Delete Quote Complain
    Page 12 of 16:   « First Page   3  4  5  6  7  8  9  10  11   12  13  14  15  16  
Post A Reply


Receive an email whenever a new post is added to this thread by subscribing to it.
 
Rate This Thread:

Forum Jump:
 

 

   Conduct Rules  -  Privacy Policy  -  Day Trader -  Day Trader Forum -  Best Trading Software -  Sitemap Copyright © 2013, Elite Trader. All rights reserved.    
 
WHILE YOU'RE HERE, TAKE A MINUTE TO VISIT SOME OF OUR SPONSORS:
Advantage Futures
Futures Brokerage & Clearing
AMP Global Clearing
Futures and FX Trading
Bright Trading
Professional Equities Trading
CTS
Futures Trading Software
DaytradingBias.com
Professional Trading Analytics
ECHOtrade
Professional Trading Firm
eSignal
Trading Software Provider
FXCM
Forex Trading Services
Global Futures
Futures, Options & FX Trading
Interactive Brokers
Pro Gateway to World Markets
JC Trading Group
Direct Access Trading
MB Trading
Direct Access Trading
MultiCharts
Trading Software Provider
NinjaTrader
Trading Software Provider
OANDA
Currency Trading
optionshouse
Option Trading & Education
Rithmic
Futures Trade Execution Platform
SpeedTrader
Direct Access Trading
SpreadProfessor
Spread Trading Instruction
thinkorswim by TD Ameritrade
Direct Access TradingAdvertisement
TradersStudio
System Building & Backtesting
Trading Technologies
Trading Software Provider
Trend Following
Trading Systems Provider