Hi as stated i will journal my trades and analysis ,etc.. on this thread for today i will only post a PnL screenshot will edit this post laterz.... (adding charts and comments , as of why i took a trade.. aswell as why i exit .. and what feelings i was going thru.. during the session... etc....) all this and moar .. stay tuned cheers
all right, brother! you taking the reigns of the TA brigade here on elitetrader? Good to see, will be watching! surf
MadeMan. Best of luck. Looks like things are moving along, and you haven't blown out. Nice! Please post mo@r l0g pr0nz when you get the time.
little homework... we are in a decline or H1 down trend and correction in Daily we make series of LL /HL and till Point D and E the reactions where stronger then the rallies we are now in a possible progress of a change in behaviour .. from bearish to bullish therefore long positions will be optimal .. and short positions should be traded tight and with caution and smaller targets .. a quick run thru.. A.) we see that this downswing happens on increasing vol. and wide downbars we found support .. and formed a Hinge.. B.) the hinge we broke out to the upside of teh hinge C.) but we failed to gain new ground and price was rejected of former support level , this whole move took place on dimnishing vol. (buying pressure?) D.) after a quick decline yet again on increasing vol and big bars .. the selling pressure kinda reduced as seen on teh shortening of the downward thrusts and teh declining vol. we bottomed out ... E.) the current rallie to point E happened on increasing vol. and the upbars(1+2 signs of strenght) where wide aswell..,these two points point to a possible change in behaviour.. aswell as we dont bounce of a possible supplyline (channel) .. ie we are holding gains even one of the high vol. bars is at the top ..this could indicate absorbtion.. rather then stuffing... as we are still sitting at a fromer broken support area and a potential resistance level... we might form a range , or the absorbtion progress leads to a breakout to the top.. or we continue teh decline and test the lows, i drew in postential setups i will take (shorts/Longs) .. but due to teh recent signs .. i will anticipate long setups and the targetsfor teh short setups aswell as teh management of te short positions will be small/quick.. cheers sorry for teh text format and grammar..
Got Butchered Today ! Got caught up in the market and never found back! trading on tilt ... leads to overtrading /revenge trading .. etc.. really need to stay focused .. and dont be impatient. and take halfbacked setups.. instead of setups on pre determined locations! whateva! ... way to pissed and tired to make a recap now!
Never traded futures? Neither have I. So, how many weeks of SIM trading did you do to prepare for this combine?
No problem! If the trade you're about to put on isn't based on your trading rules, just do the opposite. Works like a magic I once engaged in a 100+ trade revenge-fest with a stock (I would trade just a few times a day back then). I was so shell-shocked that I ended up taking that stock off my list. Quite some time later my husband asked me for a stock to trade where he could lose $1500 rather quickly because he was testing a certain function in an automated system. I gave him the name of my demon stock from hell. He came back 5 minutes later and said, "I tried to lose money trading that thing and I'm up $1500!"