Guys... I appreciate for your help, i knew that there were still good people around here thousand thanks
The 450 tick chart might be ok for reference but perhaps a bit slow for entries. Your anchor chart should be at least 4x your entry chart. If your anchor chart is say 2000 ticks then disregard this post Anek
Tech, Make sure you there is a swing long before shorting an uptrend break that had a a higher high. Wait for a good entry, low risk good reward and then take it. Anek
I had the exact same problem that you did.... try to hit a big trend would reverse on me.... exit to quickly then the trend would keep going and going and going. Here is what I am working on to fix this.... I trade 2 contracts and one I try to scalp the swings with one and the other I ride all the way to the end until I have a confirmation to get out. If I do a scalp I usually wait till there is a pullback below where I exit before I reenter. This helps ME from chasing my tail, keeps me in check, and makes me try to shoot for optimal exits. Sometimes I get one scalp in and other times several. But I will ALWAYS ride that last contract till the end. This method also keeps me from rooting for the market to move in a certain direction. If it moves in my favor after I have exited one of the contracts then I am making more points. If it pulls back then I have an opportunity for a reentry. This lets me feel like I'm locking in profits while letting the market run as far as it wants at the same time. Like Anek said though, it's also important to have the Risk/Reward in check if you are to do something like this. If I'm not clear as to what I'm talking about let me know and I will try to explain further.
Note to Newcomers You should read the whole journal before asking a question. If you are new to the journal and I see a question that has been posted in the past I will let the regulars take care of it. From now on I will target the new stuff to concentrate on my trading and new journal enhancements. Thank you and make you do read it if you are interested in following it. Anek
What's the magic tick. This can close the gap. Long 64.5 Target 2106. I tried to hit 55, but it ripped too damn fast. @ 65 I said fuck it and went long.