As a swing trader with a full-time day job, I simply started reading this journal/thread looking for ways to improve swing trades entry and exits looking at daily price action on a faster time frame, less indicator oriented and more price focused. I'm not sure I can apply much of what has been shared here -as it is very specific for this time frame -inspiring none-the-less I will likely look further here on ET for journals/posts more aligned with my time frame- suggestions welcomed btw... That said, I would like to add my 2 bit cudo's to ANEK and the other contributors on this thread for openly posting & sharing their methodology & willingly assisting fellow traders along the way. This is sharing and not self-promotion- about as good as it gets! A rarity indeed! Gentlemen-Keep it going! SD
Hi Piscuy, Thanks for the response. Perhaps I should ask it in another way.....if one gets a solid grasp of the ideas in this thread should one be able to adapt to a change in market or will a whole new way of looking at things need to be adopted..... I guess you somewhat answer the question by saying go from trends to bounces but at the end of the day doesn't this go against what we are attempting to master here which is trading with the trend ? Cheers
I was just wondering how many trades you made in total and what was your average profit and loss/ trade. Were u using AHG or Piscuy's scalp method? Thanks for sharing.
Prices can do one of three things, go up, go down or go sideways. Also keep in mind that what looks like sideways in one time frame has trends in a smaller time frame. So yes you can adapt, and yes the same concepts apply. If you dont want to switch time frames, then you have one of two options, trade when its trending or stay out when its not trending. A trend is defined by a series of higher highs and higher lows or lower highs and lower lows. Find the right time frame and you will find a trend. Go up a few time frames from your usuall trading time frame and im sure you will find sideways. So keep an open mind and adapt acoordingly. At least that is what I do. P.
No but I have considered it. I guess its one of the things you keep postponing to do someday. Thanks for the reminder I need to investigate it further. P.
Piscuy is probably too modest to say so but he is able to do so regardless of the market action using a no bias approach. Anek
Got my ass kicked today. -6.5 points on ES. Didn't do well Friday either. Both days should have been good. I'm been devoting full days to this now, but am having difficulty. Congrats to those who are doing well. Very frustrating for me all in all...
A vent like that helps no one. Post a chart with your entries and exits and I will personally go over the flaws. Yes flaws, because the market has been handing out free money so there's obviously something not in order. Anek
Sorry Anek, was just trying to be honest with how I've been doing. Didn't mean to step on toes. I don't want to take up your personal time and you've put so much energy into the journal. All of the information needed is inside, so it is up to me for assimilate it, practice, and learn to use it. I very much appreciate your personal offer to help me out however. Again, I apologize for having an inappropriate attitude.