For continuity purposes - OMS didn't drop off the face of the earth He's working toward getting his feet grounded While gaining an appreciation just how much work.., simplifying is LOL He'll be back RN
I've been away retooling my trading methodology and way of thinking. I'm making some progress but still a ways to go. Going from a DOM screen with no charts to multiple time-frames with no DOM is taking some time to get used to but I believe I'm going to enjoy this type of PA trading. I've spent about a month or so breaking down everything that means "trading" to me. I've documented when I get up, what I do before trading times, what my screen looks like down to the background and bar colors, what type of signals to look for, and even what I do during non-trading times. Now I'm starting the next part of the plan. Market observation. Just watching the bars paint and observing how the lower time-frame bars "fit" into the higher time-frame bars. Working on picking up anything worthwhile without having the pressure of "being in" the market. After that I'll spend as much time as needed in sim until I'm consistently profitable. Onward and upwards after that but one step at a time and right now that is market observation. I'm not sure which direction this journal will go, I'm not sure how much I'll post to it, I'll just see where this journey takes me. Thanks RN for your help so far in this process.
Have been watching and analyzing the market for a few months now. Just started sim trading yesterday and plan to continue until I'm consistent before moving to live funds. Several times in the past I have rushed my way into trading live funds and just hoping I would "figure it out" along the way. Well that strategy hasn't worked well for me in the past. Right now I am trading off just 1 PA signal looking for the market to respect the signal or blow through it. If it's respected, take a trade in that direction with a fairly tight stop loss at the area where the signal is invalidated. If the signal fails, take the opposite direction, rinse/repeat the above with the SL and try not to get whipsawed in the process. I'm aware that I need to think out of both sides of my head and be willing to switch "bias" very quickly. I also just started physically printing out the charts at the end of the day and marking them up in hindsight and storing them in a binder for later review. Looking forward to getting better at this.