Charting my trades

Love you guys posting..

Could you please draw a line to where the trade is initiated or closed on the candles? It is a bit hard to read the notes and try to locate the trade points.

Thanks, I am learning from you folks.

Might even try to post some of my efforts, but I am computer graphics challenged. Know high end CAD programs cold, but I am woefully ignorant of the simplist paint programs.

 

I agree, it would be great if you could draw a line when your positions were opened and closed.

Keep up the good work, appreciate the posts.

 

Will do. Thanks for the feedback. Feel free to comment on the trades too!

I noticed that when I use Internet Explorer 6 (Windows XP) that the charts are "fit to screen" and very hard to read. By messing around in the browser window I was able to get the full-screen button to show up in the lower-right corner. Looked much better then.

 

Here is a screenshot of the setting I found in Internet Explorer 6 (Windows XP) that makes the charts display at full resolution.

Un-check the option "Automatic image resizing."

 

ESU2 SLD 3 910.75 17:03:57 $112.50 $112.50
ESU2 BOT 3 910 17:05:36
ESU2 SLD 3 907 17:16:39 $(187.50) $(75.00)
ESU2 BOT 3 908.25 17:18:27
ESU2 SLD 3 907.25 17:19:53 $(150.00) $(225.00)
ESU2 BOT 3 908.25 17:21:46
ESU2 SLD 3 924.5 18:07:19 $187.50 $(37.50)
ESU2 BOT 3 923.25 18:08:45
ESU2 BOT 3 924.75 18:11:25 $(187.50) $(225.00)
ESU2 SLD 3 923.5 18:11:48
ESU2 SLD 3 923.5 18:12:05 $(225.00) $(450.00)
ESU2 BOT 3 925 18:13:32
ESU2 SLD 3 918.75 18:26:38 $(525.00) $(975.00)
ESU2 BOT 3 922.25 18:29:41
ESU2 SLD 3 920.25 18:32:46 $(375.00) $(1,350.00)
ESU2 BOT 3 922.75 18:35:46
ESU2 SLD 2 922.5 18:43:31 $475.00 $(875.00)
ESU2 BOT 2 917.75 18:56:27
ESU2 SLD 3 917.5 18:57:39 $300.00 $(575.00)
ESU2 BOT 3 915.5 19:01:20
ESU2 SLD 3 918.25 19:06:42 $(225.00) $(800.00)
ESU2 BOT 3 919.75 19:10:42
ESU2 SLD 3 916.5 19:16:54 $(262.50) $(1,062.50)
ESU2 BOT 3 918.25 19:19:01
ESU2 BOT 3 920.75 19:20:50 $525.00 $(537.50)
ESU2 SLD 3 924.25 19:26:06
ESU2 BOT 3 925.75 19:31:38 $262.50 $(275.00)
ESU2 SLD 3 927.5 19:33:06


Net -$(275.00)

That new last column is a running total. I put it there to address the psychology of trading "upside down." When I see negative $1,350 I want to quit. As you can see persistence pays off.

 

Trades 1-3

I put the indicators back on this time:

Bol Bands
5MA
20MA
MACD

Also, circled the trades for easy identification. Comments/suguestions would be greatly appreciated!

-JB

 

This is taking a lot longer that I though to annotate/plot charts.

...More to come...

 

I would change the settings of the MACD to 5,35,5 because 11,26,9 lags too much. The faster MACD will give you a lot more signals, you can avoid a lot a whipsaws by only taking trades in the direction of the slope of the EMA-20.

 

1. no rhymn nor reason to your trade setups.
2. the times you 'pick' to trade seem to me to be the amateur or high risk setups(ones where I would be selling to you).
3. dump the MACD and all other osc; they are a waste of time and keep you out of best trades.
4. you seem too nervous, you need to let your trades work for you otherwise you will always be churning your account, small profits/losses each day.
5. if you must persist in scalping then do much more of it, a few trades a day, cherry picked, is not the way to scalp.
6. since you are trading a market proxy pull back a little and trade the larger id trends by using 5 or 15 min charts with BB and two ma; and as ditch says only trade in direction ofr both ma.
7. stop shorting new lows or buying new highs on a 1 min chart and realize you are in the noise and there are no trends; refer to 6. above.
8. specialize in only one or two setups so you can then go back after a week and review how you're really doing, as I said you are all over the place.
9. your thread and charts are wonderful, good work ethic, makes me feel you will be successful if you specialize in your setups and step back a little and forget the chump change mentality.
10. remember one good trade a day is much better than what you do and is less stessful, hence you will last longer as a trader; you will definitely burn out and get physically sick at your pace-this is very important to consider.

 

jboydston, to echo stkcowboy, incredible work ethic, and thanks very much for what you are doing. I am too much of a rookie to critique your trading but I will post anythng I find that I think might be useful to others as I am learning.

stkcowboy: with current volatility, two or more twenty point swings fairly common, how would you recommend trying for one trade? Would you use quick stop and try again, loose stop and quit if you're wrong? I have been focusing on the one minute, half hour for entry but looking at longer charts, five-ten minute hourly and from open, for trend indication. Is this bad? Maybe jboydston does same thing and posts the short chart for demo purposes. Thanks for your critique because all of your criticisms apply to my trading as well: too quick for big run, not enough trades for profitable scalping but still high commissions per day relative to account size.