I woke up late, no trades for today. For anyone who missed Suri Duddella's presentation on TL, here's link to the transcript and a copy of the presentation. pdf http://www.traderslaboratory.com/webinars/suriDuddella_TL_Oct2408.pdf transcript http://www.traderslaboratory.com/fo...ith-suri-duddella-october-4667.html#post50854 Cheers JW
you might consider trying a slower chart. I have been using a 10,000 vol with a 100,000 anchor (ES). I have found that I take fewer trades than I have in the past, but the setup are more reliable. I am not against trader using fast charts, but I get too caught up in the "noise" that they produce. More experience traders can filter this out...I am not one of them. check out a 1500 vol with a 15,000 anchor i think we all struggle with this....the only thing i can suggest is to get a better entry. This will mean that some of your limits aren't filled...but that isn't always a bad thing. Save every one of your charts...study them obsessively....post your charts here, be open to criticism and suggests. I am trying to become a more responsible trader. I have found that posting my charts in this forum and trading live in the chat room has helped me tremendously. You think twice about placing a trade when you know everyone in the journal is going to see it :eek: ...join the chat room. Participate actively in this journal...there are a lot of good traders/people that can offer constructive advice.
Whatever happened to TraderKaizen, the person who started this thread? He hasn't posted any messages since August.
Apparently he just wanted to get the conversation rolling so he could benefit from the discussions and not necessarily participate. TV
Apparently so. I find that the more I share the more I stay focused and on track. I hope he and everyone else reading this thread continues to contribute. Cheers JW
Hey Andas, Regarding your last two trades, you were right but stopped out. I think you went short on a close of triangle breakout. Do you typically enter there or maybe wait for pullback? Thanks JW
I never use limit orders for entry. If you're right on the direction and not micro-scalping then a couple of ticks on the entry isn't going to make a difference. Even one time where you don't get filled and the trade would have gone on to be a big winner makes up for dozens of those couple-of-tick savings.
Generally at market, in certain cases (like brackets) I might use other order types, but I'd say 95% of the time I just use market orders. The chat room you mentioned, is it just the normal ET chat or something else?