A big understanding that cleaned up my perspective is looking back 1-2 bars, then projecting 1-2 bars forward utilizing MTF analysis (fancy term for drawing lines) The trading plan is being worked on and will be stuck to this time. Not the first time the Mrs heard that, but I truly believe it this time. It's nice to follow other traders. I am enjoying your thread x. Think ill stick to this and avoid reading about how this stuff isn't possible.
Not a problem. I thought you cursed out Rn and left this thread? Respect goes a long way around these parts. Best of luck
I would never curse out RN, if you read my post it was geared towards others (hence the new paragraph). Anyways, I was merely chiming in because he knew I was stilll lurking and just wanted to show my appreciation despite the temper tantrum. Good luck to you as well. I can tell you'll be a successful trader just the way you think in black and white. I'm a different shade of gray everyday. BD
BD, On one hand, I donât want to start a shit storm â because what is going on in this thread is all too important On the other â I gotta say â Iâm clueless Your last post to me included; Geek Dickhead Holier than thou And I want to keep a man down Now youâre saying I knew you were lurking... Just how in the world would I know that Other than XB and myself, I have absolutely no clue who is following / reading/ lurking â though I can reasonably surmise AT, and GKTK are ======================== That youâre back â Welcome ======================= Aside You got pissed because I called it the way I saw it For the record; I would do the same to XB - and have Iâve doneâ¦, AND continue - to do the same to myself As there is simply no other way to develop / maintain clear eyesâ¦, grow.. or trade profitably Like I told AT â the unspoken rule here is keep it real Not expecting anything elseâ¦, or accepting anything less RN
RN, Let me give you a real play by play of what I meant: 1. Damn it, I keep making money and as soon as I don't stop out where I'm supposed to I turn into a beginner level trader with the blowout potential and emotions. I need a trading plan. 2. Why bother with a trading plan, there are so many convinced that it's in our imagination. I'll go look for confirmation to my method. Then I'll get serious. 3. Then I posted some stuff on E.T., nope no confirmation only more talk of my careless mistakes. But I know that if I had a trading plan this wouldn't even be an issue. WTF? 4. Then I posted my frustration with a lot of the stuff I read on E.T. "Geeks" -> quants and "d-head traders" -> those that don't even consider that there's another way to trade other than their own. BUT then there was you RN, why you keeping a brother down? -> aka where's the confirmation of my method I need to hear now that my mental capital is running on E!! 5. Finally I thought you were asking X about coming up with his trading plan because that was the first thing I inquired about here. I get you weren't referring to me now, considering how my post came across to you. My apologies. Never meant to be 'that guy' only posting to disrupt.
No apology necessary Sir How about this â we move on from here XB posted the steps he went through to create a plan So now, get one created... then get to following it And post away here in the meantime I dare say.., we will help (to the extent we can)⦠but I will also add â we will be brutally honest (as we are with ourselves) --------------------------------- If trading was easy - every dog and their owner would be - it is a serious business One additional thought - Having a plan is important - ACTUALLY FOLLOWING the plan - MAKES ALL THE DIFFERENCE (and it take a trader's mindset to do that) RN
I like that. In the end it's on the trader himself. As soon as I grasped that things turned. It is a really hard concept. You can't teach someone else your mind. Btw on rn's note about following the plan makes all the difference. If you want to put it in perspective think like this. Be paranoid and afraid to deviate from the plan. I'm not attached to money, i'm attached to my plan. I was able to translate the similar emotion to faltering off a plan as when I didn't have a plan and would lose money. The plan I am on now is the only one I have ever religiously followed. If I ever falter with it, it will be the only part of trading that upsets me more money .Losing money doesn't feel good but it's nothing like going off plan. I have tried every angle in trading but changing myself until where I am now.
Xb Awesome list, thank you question on #4 - have you noticed in terms of ATR, a certain fixed percentage of "capture"? Ie.... If the ATR is .75 , your Capture is normally 50 percent of this on a winning trade. I am not looking for a specific number. I am still struggling with trying to decide what to trade and would lov to hear anyone's thoughts on this