You're 2 for 2. Great work man. No need to sweat about missing the rest... the rules you follow is what got you here right? Cheers JW
Made 7 trades this morning. 1st: good entry stopped out. Need to be more conservative with entry price. Need to move stop to below previous low +2 ticks 2nd: great entry, need better stop protection and aggressive entries, same problem as trade #1 3rd/4th/5th/6th: bad entries, no magic tick. Also trend change confirmed after 3rd trade. Maybe I started to get frustrated at this time 7th: great entry but moved stop up too quick, missed a huge run. Overall, much better day but have to work on stop management and be disciplined about entering on magic tick.
Hey BYF, I got a question about your 2nd trade. The short was near up trend line, do you think its a valid entry? Thanks man JW
Sniemiec, 1st- decided to get long position after price broke out of the W pattern(@ LOD) and above a minor support level. Entered right above the support line with my stop place underneath. I should have been more patient . 2nd & 3rd Two minor LHâs had printed and price traded below support. I wasnât paying attention and got caught up in what I wanted to doâ¦SHORT! Had I been paying attention I would have noticed the DB at support (green rectangle), which happened right in the middle of the W pattern Green arrow indicates where I should have been buying!
J, You raise a great point and it probably would have been prudent to pass on this one. I decided to enter because price had broken a trendline, and made a LH & a LL. Very similar to what it had done at the open. I shorted after seeing a 3bar, but got stopped out pretty quickly. BYF
Hello, I hope to find here a little help in my trading, because currently, the more I study the less I succeed ! Yesterday I had for example 10 losers for 4 winners. Very bad. I am trying to scalp the way Anek does. I think I understand his method, I have done a lot of simulation (market replay) and I was doing fine, and now I am back to paper trading after a month of real trading (little losses). I am paper trading since 2 month now, and I think I am getting better at feeling the market / pivots... But it is as if the more I understand it, the less profitable I am. I don't know what to think : - as I get experience, I see more entries, and take them, but I was doing better trading less frequently. I probably should be filtering, but I don't see how - I tried averaging up, starting with 3 contract. But I was losing on 3 contracts when my stop was hit, or even worse on 4 when I had averaged up - I try to keep my stop small, placing them just at the previous swing. But still I find that they are not so small (typically 4 NQ points), and they are hit way too often. And I find reentry difficult. What do you think ? have you been through the same difficulties before taking off ? What do you suggest I should do ? I have re-read Anek's blog, and will now start reviewing my past trades and do more replay. I am thinking also to join the AHG chat room. Anything else you would think off ? I'm looking forward to reading your posts, thanking you in advance for your help, and hope you are doing well with this nice volatility. As an example, I post yesterday's chart, with my notes taken as I was trading. Fred