The CL/NQ experiment

Discussion in 'Journals' started by Gabe2004, Nov 20, 2013.

  1. niko

    niko

    Are you attempting to take entries on line breaks + RETs.?
     
    #431     Feb 5, 2014
  2. The short answer is yes.

    Gabe
     
    #432     Feb 5, 2014
  3. Todays trades.
    Should have kept the 3rd portion of trade 2 longer.

    Gabe
     
    #433     Feb 5, 2014
  4. niko

    niko

    Ok, so you gotta learn to trace the lines first. The method is explained in the "If you can draw " thread.

    And dont use ray lines (dont project them into infinity)
     
    #434     Feb 5, 2014
  5. I agree with the non extended line idea but during the trade, I keep the longer lines b/c I don't have to worry where they end.
    I'll try and see if I have enough time and not lose concentration to draw the short lines and extend them as needed.
    Here is a corrected chart.

    Gabe
     
    #435     Feb 5, 2014
  6. niko

    niko

    Better, remember that in parabolic movements, the movement itself is the line. You also need to fan the lines as th movement accelerates in order to follow price closely.
     
    #436     Feb 6, 2014
  7. I have a short bias today so no trades so far.
     
    #437     Feb 6, 2014
  8. niko

    niko

    Short Bias? You cant have a bias. Trade what you see not what you think.
     
    #438     Feb 6, 2014
  9. a bias will drain an account very quickly....
     
    #439     Feb 6, 2014
  10. Both of you are right.

    The bias came from another instrument that more often than not was signaling a direction for the day.
    Today it did not work.
    As of tomorrow I am not considering it.
    The 1st chart contains TLs that I drew in real-time.
    The 3rdst chart contains TLs that I drew at the end of the day.

    Gabe
     
    #440     Feb 6, 2014