i have just recently put it up to try and get a feel for slower type trends...i am not taking any trades based off it yet...just looking. if you were to enter in what you believed to be a slow up/long for example you would not exit until the stochastic enter below the 25 zone.
1. rocket long entered but sold before the economic #'s (doh!) long 918.75 9:46 sell 919.00 9:59 +0.25 day: +0.25 2. trend line b/d a little late on the break down was waiting for 10:20 to close, but it was a big down bar so entered on 1m flag... trade turns into a rocket short short: 917.75 10:37 cover: 912.00 11:21 +5.25 day: +5.50 3. flag b/d -->rocket short short: 912.25 1:45 cover: 913.50 2:04 -1.25 day: +4.25 coud have had better execution on this one...market got whippy. 4. tren line break --> rocket long long: 915.25 2:54 sell: 918.50 3:40 +3.25 day: +7.50 exited after bearsih engulf bar at 3:35 this week: +20.00
dawg, not that you need any advice, but you may want to wait for a drawdown period to increase your size. In my experience, when I have been on a winning streak and then increased my size, that is exactly when I start having a drawdown. I think it is typical to want to increase size when you are doing well. Look at your last drawdown period. Would it not have been best to increase your size right after that happened rather than right before it happened? Just something to think about. Anyway, I am enjoying your journal. Keep up the good trading.
thanks for the input and excellent point. i will definitely have to think about that...at least wait for a couple of losers. appreciated the comments.
It seems that you're on a nice roll. Don't change anything. You've reached a comfort level trading 1 contract so stay with it. Consistency is the key. Don't fix what ain't broke!