Nice! When price retraces 3, 4, 5 points, as it did today, it's unlikely not to get change signals even on slower fractals. To hold against them, or to slow down and monitor from a slower fractal could be rewarding, but it's also risky. I'm trying to stay in a comfortable place where I take all the signals of change I'd normally take, even if this sometimes eats into my profits. I'm happier when I know that I've traded correctly, based on my analysis, than when I make lucky trades. I'm confident that in long run trading correctly is more rewarding, both financially and psychologically.
After your recent spectacular trading results, any advice toward you seems comical ... So I'll just venture an opinion: be consistent, don't vary your criteria and risk exposure based on feelings, just execute your routine over and over again.
See Spydertrader's post and attached .pdf. <img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1674075>
--------------------------------------------------------------------------- cnms2 I cheated a bit once I locked some profits for my last trade I let it run, firstly to make up for the earlier loss, then once that was achieved I pulled my stoploss up. I kept an eye on the previous bar as well as the gaussians, the volume was at extreme. I was simply stopped out at 1462, as I wasn't quick enough to adjust my target. Usually when trading, I take few ticks and get out leaving the rest on the table. Sim trading is different for me, I can sit out retraces, and such like. I am working on my mindset, hopefully as my account grows my confidence in my trading decisions will also improve.
We all try to work out something that fits our personalities and goals ... Lately several on this board seem to have achieved consistent profitability. It's also true that the ES has been cooperating with the trend followers ... I think that continuing to share our opinions and to ask questions on this board will be very helpful. It's too bad that Jack left ET, that Spydertrader has unforeseen family commitments that forced him to reduce his participation, that others experienced in trading these methods like makosgu got fed up with ET and only rarely comment anymore. Anyway, overall I'm optimistic about my journey, and about others' too ...
Exactly my understanding. When you say you always enter on increasing volume, then, you mean two different things: "previously increasing volume" when it's an FTT, and "current/future increasing volume" when it's a Point 3.
Nice Trading! FWIW, I got 8 opportunistic points treating the opening 25 minutes as an HVS, but I'd much rather have shown your consistency through the rest of the day.