Candle based. The MA's are there just to keep me in the right direction overall but sometimes I would go against them if the bar patterns tells me to. Gabe
My entries and exits are strictly candle based. During the day I hardly notice that the MAs are there. I may take them off or use the shorter one to keep me in trades longer. The benefit is yet to be investigated. Gabe
Is it possible for you to trade just the exact same way : for instance if you use ma, you use them for all trades, no exception?
That is the general idea. Regarding my trades on Friday I would say that all my entries were by my rules except for 1 where I missed the entry so I entered a few ticks away from my desired entry point. The problem was that I ignored S/R zones. Next week I will use a modified rule base. I believe that I will get to a conclusion with very few iterations. With that said (written), it is possible that during certain times the outcome of trades will be negative even if rules were followed. Gabe
I'm not sure trading multiple cars makes it easier. More decisions to be made re: when to exit and without consistency the drawdowns with several cars could be discouraging. I'll only consider scaling out once I get a consistent win rate. Not saying I'm right just my .02.
I don't want to be rude, but what exactly is the point of this thread? Obviously, a lot of people are following it intently, so I am clearly missing something. An unprofitable trader with a mystery method and people can't seem to get enough of it? Is this an automated system or is it manual? I ask because there were apparently 10 trades on Friday. Most of the trades I looked at appeared more or less random, which is why I asked about the logic. Maybe you have a great system and can trade that frequently, but my experience has been that it won't work.
His page rocketed after : "-"boredom... not by my rules" -"I was trading as if I was possessed" -"I traded like a maniac" -"external influences but I should have realized them and not trade" -"go after big move-lose. I nibble, I do fine" -"maximum day loss" -"swinging between periods of full discipline to no discipline at all" -"turned a good day into a bad day" -"have one trade still on. Reluctant to end the day on the negative side. Looks like the trade turned into an investment" -"I am short and should have been out a long time ago" -"broke rules today" -"examples of how NOT to trade" -"another disastrous day for me. Perhaps I should keep my day job. The problem is I don't have a day job". -"follow rules, something happens and I break all rules" -"kept a loser for far too long" -"bad with respect to following the plan and the rules" -"LUCK OR EDGE?" -"almost there" -"chickened out" " In which journal a trader has shown so much self-honesty ?