Recent content by california

I am buying, started at 1485, next level 1460-1450 will be crucial, make or break. If breaks below these levels will take my losses and move on.

One easy way to remember letters, H M U Z, I once heard was: HEY MAN U ZIP....:D

Week 10, First positive week, I sure hope this is beginning of the end - the end of the continues losing streak - that is. though amount is not large, I believe I made lots of improvements as far as physiology, price action read, managing risk per trade, allocation, trade management, etc...

2014 Monthly P/L update January -11,083 February -$4,398 YTD: -$15,415 these might differ slitghtly from daily/weekly p/l but these accurate end of month MTM balances.

<b>Week 8, ending Feb 28, 14</b> Improvements made but still down week. Will post some observations later.

I do distingwis between stop and limit orders. In other words - in a trending market can enter on stop, for example, buy above prevos bar's close. In in a trading range day...buy at limit with wider stop since after hitting the limit buy it might go lower. Stop orders no good if market is...

Problem with range bound market is ... -moves slow, -hits your stop, then moves in your direction, -gives false entry/exit signals -standard stops need to be adjusted for range bound market -sudden and expected breakouts on low volume very frustrating

Thanks, I had encourated that in late January, if markets swing too much for me to trade I trade the equivalent of ETF, for example instead of 1 ES contract I might trade or just buy and hold 100 SPY or SSO shares, if not trading futures holding these helps as my 'indicator' I think I had posted...

I've done that, trading 1 contract only, trying to limit 10 trades per day

Interestingly majority of my losing trades occur between 6:30-9:00 AM PST, basically 90 minutes into trading.

I used to daytrade the ES and swing/overnite trade YM and NQ but you are right, these mostly move in same direction. I must re-visit this.

True, True

I appreciate you taking the time to respond, I will post answers but in short here is a snapshot. -my win rate is 65%. To test it, for a period of time I traded in sample sizes such as 10 trades per day. For every point I risk, I expect to make at least 3 points, I could say it's 3:1 ratio but...

Was a down week. Traveling today. Will post on Monday

Week 6, ending 2/14/14 (-1,227), down again. Contracts traded: YM 29 ES 45 NQ 105 YTD -$13,440 But overall better discipline and trading, but still getting caught in choppy setups