Where is this statement coming from ? I apologize if this is some kind of good natured roasting. But I dont see any smileys after any of those sentences !! ? This is a totally free Thread and free chatroom started by this man that you talk about in a somewhat questionable tone !! Like he has said before he likes to have fun and keep a smile on his face. No need to be personallly rude to someone who has been so gracious .
I wanted to post a few shots of Thursdays chart. I started going through the days charts as an exercise to help me develop my skills recognizing patters and trade set ups. If you are having trouble seeing patterns during market hours, you might find it helpful to go through this exercise every day after market hours. Clear your charts and look for every pattern and look at how the market develops after the pattern. look for entries and exits. I am finding it helpful to me. Here is an example of how I do it. All the patterns are color coded with trendlines and notations so it is easier to see the patterns and the notes related to them. Hope it helps
If it ain't broke, don't fix it. That would be a mistake ... number 4 to be exact. The Four Biggest Mistakes in Futures Trading by Jay Kaeppel #1 Lack of a Trading Plan #2 Using too much Leverage #3 Failure to Control Risk #4 Lack of Discipline I
Discrat... I believe it was said in jest in reference to my post. Anek seems to be ok with it . C.Profitt - be careful about analyzing charts in hind sight. Your mind may include things that you normally wouldn't see/exclude those things you would. Not saying its not useful, but MUCH better to do a replay of the day and do this realtime.
All very logical reasoning. One incorrect assumption, just because I wait for a magic tick does not mean I can't get a fill below it or above it Anek
profit, I asked Anek yesterday his thoughts on a more efficient journal keeping method and he stated what a great job that you were doing with yours. I believe that your daily charts would be a great benefit to the other readers as well. If it is not to personal, perhaps you could be so kind as to post on a regular basis or share the link to your photo hosting site. I am very impressed with your performance on IRC and dedication to your analysis, I congratulate you on your progress. You are a fine example of Anek's teaching and methods, if one only has the fortitude to apply themselves. In any regard, just wanted to say great job and wish you continued success ...
Friday morning opening bell has a wild movement, I make a comparison of the minute, volume and tick chart again on the Tradestation plateform on NQ. A comparison of the morning and afternoon session is made. In the case of the trendline in the afternoon session, the minute chart looks very different from volume and tick charts. NQ 233 Tick Morning http://img412.imageshack.us/img412/8/nqtick233071221afd1.jpg NQ 1000 Volume Morning http://img412.imageshack.us/img412/6440/nqvolume1000071221avs8.jpg NQ 2 min Minutes Morning http://img412.imageshack.us/img412/4259/nqtime2min071221azy5.jpg NQ 233 Tick Afternoon http://img505.imageshack.us/img505/2673/nqtick233071221btb2.jpg NQ 1000 Volume Afternoon http://img505.imageshack.us/img505/8636/nqvolume1000071221bfx2.jpg NQ 2 min Minutes Afternoon http://img133.imageshack.us/img133/7128/nqtime2min071221bhz8.jpg As we are talking about pattern formation, trendline break, magic tick etc, the type of chart that we pick will have an impact. The tick and volume chart looks similar but not the minute chart. For the brief comparison, I will go for 1000 share volume chart for NQ. Just to share. Chiu