Today I finally got a tool that tracks prv working. It is part of my s/s tool. I spent too much time watching it today I think. I chalk it up to getting used to how it works and having prv to reference. Before I was too haphazard with prv. My biggest prob today was around 11 - 12 or so. I got a bit lost there.
This is my log for 17 April 07, all sim trades. Trade 1 11:07:03 short at 1480.50 Following FTT at 10:50, RTL break, increasing red prv on es and ym, fbp 11:15:10 exit at 1481, -0.5, tape RTL break, increasing black prv ym and es Debrief: short dominant not established. Not a pt 3. Trade 2 11:21:14 short at 1480.5 Pt 3 on previous bar, increasing red prv, 11:31:34 exit at 1481, -0.5, FTT on es and ym, inc black prv ym Debrief: ran straight into ftt, short dominant not established, still on long LTR traverse Trade 3 13:45:44 short at 1477.50 Short dominant, es and ym at RTL, inc red prv ym, 13:48:15 exit at 1478.25, -0.75 , ftt ym, Debrief: should have been monitoring for ftt after volatility expansion Trade 4 13:59:34 short at 1478 Short dominant, tape rtl break on es under 20sma 14:02:25 exit at 1478.50, -0.5, inc black prv es and ym, tape rtl bo Debrief: shorted on a pt 3 long Trade 5 14:47:20 long 1480.75 Long dominant, increasing prv es and ym, 15:59:03 exit at 1480, -0.75 Debrief: entry after volatility expansion, should have been looking for ftt, ran into it Trade 6 15:28:18 short at 1478.25 Short dominant after FTT (14:50), rtl bo and r2r, , pt 3 on prev bar 15:31:32 reversed at 1479.25, -1, realised this is an FTT Debrief: correct decision. Conscious that this is not forest level but late in the day Trade 7 15:31:32 long at 1479.25 (reversal) Decided to take ftt entry 15:47:54 exit 1478.75, -0.5, red prv ym, new pt3 short, decision to reverse Debrief: too late in the day and slipping down to bug level Trade 8 15:47:54 short 1478.75 reversal Short dominant, pt 3 15:59:22 exit 1479.25, -0.5 Debrief: this really is too late in the day! 8 trades, -5pts Observations: missed all the real pt 3's, forgetting to monitor for FTT after volatility expansion, must not get tempted to trade so late in the day, make better observation of direction of dominant, donât mix levels â forest, tree etc. Chart posted earlier.
I attached my chart of squ/str during the afternoon down trend. I've added prv to it at the bottom. Right now I'm just observing.
Playing 'catch up' today, before heading over to Chicago tomorrow morning. I do plan to have my laptop with me this trip. I hope everyone had a productive week. - Spydertrader