I think the secret to this whole thing is: It's all in how we look at the screen and prices. God knows we can look at this thing 100's of different ways. But if we could only look at it the right way we would really have something. I think it's all in the visual presentation of the whole thing. Wow, do I buy here or sell here? It's the precise entry/exit visualization that we are all working on. snarlyjack
It's understandable to want to lock in that $100, the back-and-forth chaotic movements of the indices train us to want to do that. To counter act that instinct you might want to: 1. Take a good look at your money mangement, what performance bond are you using per contract? 2. Start keeping a diary of your trades for the day, entry, exit, result. 3. Include as part of that diary a seperate listing of the perfect trade, to see how your trade(s) match-up with them. 4. Review the previous week's action during the weekend. Regards, JJ
Thx but I dont see any reason to change anything. The 3sma+2 does an extremely good job of catching the meat of these parabolic moves if I could just have a little more patience.
BB, I forgot, my system doesn't have - or + offsets. So I end up Jimmy Rigging my system to look about the same. snarlyjack
I trade the YM and the NQ.... I was having the same problem. What worked for me was shifting the 9sma +1. That gets me in at a decent level and I can ride most of the move. The 3 sma worked, no doubt about it, but I was getting whipsawed too often for my personality type. Additionally, I frequently use volume charts and really like the smoothness they provide. It's really all about adjusting and fine-tuning to find the setup that suits your trading personality. John
I know what you're saying BB. My theory is that since we are on a shoestring account, we don't want that profit to become a loss and fear overtakes the situation. I opened my trade at 2140 with 2 contracts. When I hit 11 points (a bit extra to cover commish), I take one off and move the stop of the second to BE +1. I have a high degree of confidence in capturing 11 points on my trades so I took the plunge to go with 2 cars. In my perfect trade, I simply move my stop up below the bar just completed and wait to be taken out. However, the jittery movement had me close my second contract at 2157. So my victory is bittersweet. BTW, I use the 5 min TF and my entry this morning was based on upward moving average and a breakout of the most recent high at about 2:00 Mountain time Friday. I have not yet been able to feel comfortable with the entry on a MACD crossover. Still working on that one.
looks to me like the er is fixing to cross the 0 line , on the macd , very soon here if i have the same set up as you guys do .