I had TS freeze up 2x today, might not be your internet. Each time was only for about 10 seconds, and then it started going again. There was some really fast moves today.
It is the indicator that plots the red dots for resistance and blue dots for support. The Zip file is somewhere in the thread. You can import it into tradestation, as well as the Market e-motion indicators. I just found the SMHE Indicator on page 90 of the journal.
Unfortunetly it was on paper. I have been having a tough week this week. So I decided to papertrade today. I picked a shitty day to papertrade. I am still having trouble with my exits. I don't know if I should take them on a smaller timeframe chart to protect my profits or if I should stick with the 450 tick chart. I have a real hard time letting my trades go until the trend line is broken, so I find myself getting in and out of trades a lot. Anyone else having this dilema? I need help!!!
Anek quick question as I don't want to hijack the thread and where you intend it to go... Is it possible that we could have some discussion and postings on confirmation indicators with regards to price, especially indicators that are directly influenced and created by price with no lag? I brought up pivot points a while ago but no one seemed to take the bait. Many others of course, but I'm still new to this intraday world. The market emotion is a great one, but I know there are some experienced traders on here that trade more than just the signals directly from one chart. Would love to see some of these plays... up to you though of course. I also remember you having fib levels on some charts. Would like to see how this type of analysis comes into your thinking...
was only trading the morning. net +4 ES. Saw the symmetrical triangle forming but had to go to work. EOD saw that shorting on a pullback to the TL would have netted at least another 3. Long way to go but thanks to Anek and AHG, feel a lot more confident. Also, support Kid's last suggestion.
My number one rule of trading that I have to keep reminding myself is my number one rule of trading: 1. Anything can happen Especially with NQ. How many times do you think you have already missed the move... and then it moves twice as much? Did you all notice the NQ hit limit down today? When it got to 2081.00, that was -100 points and my DOM just froze.... with nothing on the bid. Unfortunately, I did not know in advance that 100 points down is the first point where trading stops on the NQ. The CME website has all the details, ie first limit is "5%" but they use 100 points now. It gets more complicated and the limits are expanded later. Fortunately we did not go back later and make a new low. This was the first time I have seen a contract go limit in electronic trading and I can't remember the last time it happened. Not counting agricultural commodities, does anyone know last time a financial future made a limit move?
That explains it!!! Thanks for the info Jaxon.... I was in that move (simulated trade) and the T$S was showing 2081 last sale with 2075 bid. Didn't understand what was going on so exited the trade.... cheers.
c, I get caught in this also... like in two minds whether to exit when the swing pauses or to let it pullback and run again... this indecision usually makes me exit on the pullback so as not to lose all my profit, then it goes my way again... Tonight I am going to force myself to think ADD during pullbacks in a trend... if it means losing most of the profit in the first swing so be it...