For as long as I remember I tried to draw very accurate line. The following chart show RTH and Globex charts of NQ. No wonder the market is moving. Different people will use different charts, different bars (time-wise), different data feeds etc. One would have to be very specific in the elements chosen for a trading plan. Ignoring one element may be costly. Including another one could be costly too. Just thinking.... (people told me to stop doing that) Gabe
Today's trades. 3 of the 4 losing trades were late entries/chases. I should have kept the last part of the 1st profitable trade longer. I also should minimize the losers. I gave them too much wiggle room. Still struggling with too much or too little wiggle room. Gabe
I like to think of myself as a liquidity provider but you are right Niko. I am working on it. Today's trades. Gabe
Your P/L has been doing well in Feb. However, I have observed that you have a tendency to not cut losses. Some times it works out (like your second long today), but I suspect this type of trading has contributed to the enormous 1 day losses in the past (Nov and Jan). Eradicating this tendency may be the low hanging fruit for you.
I call these GOING NUTS DAYS. It is a big problem of mine and so far I have not found a solution to it but I agree with you that just eliminating these large losing days will get me sailing. Gabe
After reading some posts in some threads tonight, the book "The Emperor's New Clothes" popped in my head. Gabe