Yesterday (+80 net) should have been a big winner for me to the downside, but instead I kept seeing a "rip your face off rally" forming, which...
I think we are actually on the same page. I am trying to take ALL that is given me each day in the two hours I have set aside for trading. This...
"My Edge" Part 3 8) Entering on a pullback 9) Break of Two 10) Volume Profile: Value Area and Point of Control 8) Enter on a pullback. This is...
The footprint charts are an amazing idea, but I think they need an algorithm to take advantage of them. I only have level one data from AMP and...
I love number 3. I hope to have that problem. Let's talk again a few months about this. I think the main reason would be that the daily gains...
Thanks for the support. *IF* I actually make it to $1M, then 100 ES would be possible according to my plan, but at that point the plan would...
Yesterday was down day #2 with a -$121 net loss. I need to keep these to a minimum. [ATTACH]
"My Edge" Part 2 6) Cumulative Delta I took a course on "Footprint" charts. I even showed some in my last journal. All the limit orders in the...
I will have to be careful for sure. "Intellectual inferences" can be a dangerous thing without data. LOL. Well said.
There is a lotta drool around here today.... Simplification is a great goal for all traders, including yours truly. I don't fully comprehend;...
I was thinking it would be too difficult, but I have to set the auto-stops each day anyway on each different instrument. The simplicity of a...
I was reminded this morning that the volatility on the NQ/MNQ is too high for a 20 tick stop ($10 on MNQ). I will change it to a 40 tick stop...
Had some losses in the downturn yesterday but made up for them in the bounce back. Up $161 net yesterday. [ATTACH] Something interesting...
Correction to #5 above: 5) Internals: Up volume/Down volume & Advance/Decline There are different way to visualize this data, but these essence...
One or more posters have asked "What is your edge?" My journal is about (1) money management, (2) position sizing, (3) being consistent, and (4)...
Thanks for posting. I was guessing that there are several different limits that come into play, both psychological and market related....
Love the pic. The lease does seem a bit premature... I will look again once/if I cross the $20k mark.
Great questions. 1) Thanks for the nudge to formalize this important number, especially since the mini's will be added to my tool bag soon. I...
Great question. My max daily drawdown is 5% of the starting balance each day. This would give me 20+ days of life if I had a REALLY bad streak....
Thanks for the calculations!
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