Recent content by Tobo-Fisher

As an observer I noted you went through your daily loss limit and continued trading... The fact that you might made it all back in that last long will be an incentive for your brain to do it again because in this case it solved an issue. Not meant as a comment but been down that road myself...

Less work today (not flipping positions around) and making more points. Seems the way to go for the future. (nice thread:))

Thx for taking interest. There are different aspects to this. This "rule" is the result of some experiences I've had in the past. To elaborate a bit on this: - On many occacions, after a (US session) morning of trading, I was up, sometimes a lot even. After a break I would resume trading...

weekly P/L statement & summary: The first (5-day) week of the year has ended. Net result was +22,50 points. The good news is that I reached the weekly target of +15 points, a result with which I'm happy. The bad news is that I had a day were I reached the daily stop. An event like that...

(US open = 15:30) Another day, another opportunity:) (while I tried to swallow my bad day from yesterday) It's not always easy to "reset" the mind after such an event, but I try. According to my homework, I was expecting downpressure after the open. So I faded the thrust up after the...

In hindsight: The NDX closed the gap from the 2nd of Jan today and then backed off. An important clue that I missed earlier. Tobo

(US open = 15:30) Serious off-day today. I completely screwed up the open which resulted in wasting too many bullets to get back into the game when the situation got clearer. Daily stop is reached, so game over for me for today. Final total for today: -11,25 (-2 commission for 8...

I was asking myself the exact same question when I saw that chart. Also (to me) it looked like a sell right into a possible support zone. Especially when price bounced back in a sort of pinbar-ish way. (But I must say that I'm not very familiar with CL trading - btw, no criticism intended, just...

(US open = 15:30) A bit of a weird NQ open of the US session for imo. (but that's very subjective of course) It's FOMC later on, or at least the release of the minutes. Could give an undecided market until then. So no more trading planned for today (And while I'm typing this, it just keeps...

(US open = 15:30) Started with a loss but the initial direction of the expected trend was ok. So I made up for it with a second entry and secured daily target. I think this might move up for quite a while but unfortunately I have to leave the arena early due to the fact that one of my...

I don't trade like that so I don't really know. It just seemed an interesting thing to try in your position. But even if I said it would work/would not work, then you still shouldn't take my word for it but test it yourself (in the demolab!). Testing really is an undervalued part of a traders...

Just wondering about the "early" exits. Are they "early" because you exited before the plan said you should exit or are they "early" because you noticed (after the fact) that it went a lot further up ? Notice how your rising trendline confluences nicely with horizontal resistance levels...

Reason to exit the last trade was (amongst things) that we had reached a possible support zone ~3519 area and I expected some turbulence in that area. We'll see if it goes down further or not. Daily bar remains very bearish at this time. Tobo

I changed my tradesize to 1 NQ contract / $2.400 (instead of $2.000). So trading size remained at 4 contracts. Just one trade for today. Daily target was easily reached so I will stop trading for today (and watch markets a bit). No need to push it or even worse, give it all back...

I did two more trades and since it seems I can't edit the previous post anymore I'll make an update. It didn't turn out to become such a dull Friday after all. Final total for today: +5 (-1,25 commission for 5 trades) = +3,75 points net. As a summary for today: Considering the...