lol, that's funny, the very same thought I had watching that formation" ..and where does this stuff come from?!?!?"
hi osho, try irfanview... it lets you resize images to fit A4 in landscape mode during the print process so that those wide charts fit beautifully. Great piece of software...
Hello Anek n others Its a gr8 thread I have finished reading the thread from the beginning. Recently the pace of posts has picked up considerably, was not able to keep up with, so just copied some posts into a word doc. There are notes uploaded by others previously, if anyone wants I can repost them. This documents contains posts from after thanksgiving.. rgds nt
Hi Piscuy, great that you decided to show how you trade. I realized that not much questions have been asked. Maybe because it's nice and simple, what you explained so far. I would like to ask how you get in. Do you enter limit orders above and below the signal bar? You mentioned that failures can be very powerful so do you always place OCO orders on both sides? Above all it would be great if you could get over stop placement and risk management in general. Could you post a chart? You also mentioned that you only use one chart (1000 volume on NQ?) to find entries and exits. So no anchor charts or anything comparable? Last question: Do you use the tape as well? Big thanks for everthing in this outstanding thread. Yogi Anek, wish you a great time...
1. I never average down, If im in a loosing position im usually out by the time you can average down. if you notice i usually enter full position and scale out, if opportunity allows i may re enter the trade with the portion i scaled out or one a bit bigger. This is not the norm in my case. 2. Not sure what your talking about so mind explaining in further detail? 3. I do limits on entries market on exits. I always know where I want to get in, and I also know when its time to run out (market). Hope this helps. P.
I do not use OCO orders, after a while you get an idea of where its going to go. I usually move the mouse from one value to the other on the matrix and when it gets close I send the order. I always enter on limit and Exit on market. In terms of money management why dont we do it the other way around, lets see what your ideas on money management are and we can discuss them. I belive you will learn more this way than if i just posted my trades. I am mostly a scalper but some days I wake up in a swing trading mood, when Im swinging I do pay attention to a higher time frame chart. When im scalping I usually dont do so. I have less time to be playing around with two charts. Yes, I do watch the tape, how fast it moves and the type of orders that go thru are valuable information. P.