Recent content by ddoonie

I agree with amitman. Back to basics. Today was a very easy day on the spy's shorting lower lows. I think you are seeing the setups but it is your entries and exits that are the problem, in my opinion. You can be right every time, but if you are getting in late, with a super tight stop...

Dont know if you guys traded today, but the ES/Spy's bled! LH and LL all day = profit.

At minimum, usually, my targets are (in sum) equal to the risk of that trade. I usually scale out half at a predetermined target, the other half with a trailing stop (allowing me to catch larger moves). The comment about trending vs ranging markets... maybe look at the Avg True Range, and...

reading through the entire thread, and seeing all of your issues/questions ironfist, it all stems down to your entry/exit. In my opinion, no one can spell out where you should enter/exit as each person's risk aversion is different. Your first chart, you state all your profits wiped out...

ps. What are your views on time charts? I am use to the 5min chart, and is why i use it for my entries. I see that you all use tick/volume charts, which makes sense to me. I'm watching a 4000 tick chart, secondary confirmation i guess..

First i wanted to thank jjrvat for his help in developing/modifying my trading plan. I made three trades yesterday, all were profitable. First trade, half was filled at predetermined target (cover fees etc...), remainder breakeven. Second trade, half was filled at predetermined...