~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Thanks - I have a very good one, however I have to find ways and means to get interesting indicators coded for the software I use. I am by no means a coder. The TradeStation language seems to be the only one which is somewhat similar to mine. C
This is a really good start CP a lot of value info we need to remember on a daily basis, if not several times a day. Thanks for the .doc
Anek & other contributors, I'm pretty new to ET, so I'm not 100% sure if I'm welcome to post on this thread..just let me know. Here the scoop....Today was my first day trading a live account...I was actually paper trading when the Fed announcement came, and I saw the market falling, so I logged into IB & decided to try the real thing... My strategy was loosely based on this thread in that I tried to go with the trend & all i watched was T&S, and a 1 min candle chart with a 8 & 21 EMA... When the price rallied to the EMA I shorted, when It reversed at the bottom I rebought....I did this several times, but when i had a couple go against me, i increased the size on the next move.. Probably was much closer to gambling than trading, and i know i made several mistakes, but I fired off about 10 round turns, & was up pretty good for my first day..about 4%...yehaw! Anyhow, i wanted to say thank you to everyone for taking the time to post the knowledge thats here....it really helps
JDK, You are certainly welcome here. Glad you made money because what you did is most certainly gambling (martingale). Read the journal, take your time, if you have any questions, feel free to post. Anek
I saw this and thought the same thing. Remember, averaging down worked today, but a monkey could have made money on the short side of this market. You can get really blasted using martingale MM.
nahh it works, today I went long after the announcement, I had to average down only 29999 contracts to close the trade break even
I know, I know, but martingale works so good as long as you have the money & the house will take the bet..... however, I am here to learn skills...I dont want to be a hack forever...and i'm a quick study... I will keep reading through this thread for tips...
Don't worry, the market will teach you all about any bad habits you may have. Making money on an ill advised strategy is bad news. It reinforces the behavior. The market takes no quarter nor does it spare the rod. Good luck on your journey.