Search results

Hi Matcha, I really like what you said about your "tight stops, small losses" formula for your trading style and money management. Don't worry about what others will say. The most important thing is you have a very good plan and you are consistent in following your plan. Your goal to become...

Thanks Matcha. Ha Ha. Be sure to set your alarm clock on Mondays! :) :) For Live Trading, I usually pick Tuesdays, Wednesdays and Thursdays or when there is an opening trend pending. Fridays are usually not a good day for me. Wow! How do you manage to trade 10 trades this week with...

Hi Matcha, No you are not the biggest "id___". :) :) I too hesitate a lot today. I started the day very late. Took 2 scratch trades including your trade #1. Congratulations on your decision to go live in February. You have demonstrated in your last 3 weeks to stay on course with your...

Hi Snowman, Thanks. I know IB's charts is far less superior than others like TS. But for what I need (so far) I can live that for now. I don't use a lot of fancy indicators or charting features. But I will consider changing the platform when I need more capabilities/flexibility or if the...

Thank you Matcha. For With Trend PB trades, other than H2/L2 & M2B/M2S setups, I also look at the stochastics on the 2 min and 1 min chart to identify the pullback in overbought and oversold conditions or use the methods as described on pages 143-144 & 161-162 in Marcel Link's book. When...

Hi Matcha, Yep, for now we only commit to trades with the trend after a PB. Oh! If you enter a trade in a H2/L2 with trend setup and then the market goes sideway into a TR, at what point do you exit a trade like this? Do you set a time stop? Say after 90 minutes? I always admire the way...

Hi Matcha, I think I know how I can do it in the IB charts. It has a feature to "set ignored daily time interval". Is that how you set your chart time interval? But, in the IB chart when I do this, the timestamp on the x-axis will default to the day interval. It doesn't display hour and...

Hi Matcha, I have a question about your chart. The timing of your chart seemed to start about 2 hours before the regular trading hours (RTH) begin and also tag on a couple of hours from the tail end of yesterday's. It looks like your chart calculates the MA with price data immediately before...

Hi NoD & Matcha, Thanks NoD. I am with Matcha that right now I need more focus in real time...... I have done that before trading with some friends in real time. But didn't do quite well because everyone became somewhat dependent on others opinion. --po

Hi Matcha, "......Played in the range and “expecting” a trend will follow through....." Sometimes, I had this same feeling too! Hoping the market will do what I "expect". But the market never listens to me. :( :( Yes, we do need to practice and commit to straight discipline to...

Hi Matcha, :) :) It's perfectly A-Okay to review our trades so that we can see things from a different angle! I took the SHORT trade at 8:55 p.t. because I saw the uptrend has been reversed (and so I thought). It made a HOD at around 7:45, then made a LH at around 8:10. And the 2 LL(s)...

Hi Matcha, You did good to not overtrade today especially after the FOMC meeting announcement. It was tiring staring at the choppy ups and downs. My trading today: (1 trade, 1S-, 0%WR, - 1.75pts.) - 8:55am p.t. Short. Entry on 2 min chart. Didn't take a small profit. Got stopped out...

Hi Sifu, Can't wait to learn that next level of KF ! :) :) --your apprentice, po.

Thank you, Matcha! I agree with you that the losses are more valuable than the winners while we are learning. It will path way for better things to come! Yep. The one setup that looked the most clear cut was at the 12:40 H1 (or H2 on the 2 min chart). I ran out of strikes at that point...

Hi Matcha, You are smart to SOH most of the day! My trading today: :( (3 trades, 3 strikes, 2S-, 1L-, 0%WR, -4.5 ES pts.) :( - I am humbled by today's "lots of trading range price action behavior"! Did poorly on all 3 trades. - 8:59am p.t. took a SHORT at a "perceived" L2 setup. Stopped...

Hi Matcha, No, I don't do premarket trading. :) I might have done that a couple of times to test out some features on the IB TWS system. But on my charts I use 24 hour data instead of using only the regular trading hour (RTH) data. It makes a slight difference on the MA and the stochastics...

Hi Matcha, Excellent discipline to wait for that 1 clear and awesome H2 setup. That's the best way to trade to capture the maximum return! Today's YM chart trended better than the ES chart. My trading today: (3 trades, 1S- 2L+, 67%WR +2.25 ES pts.) - Took a SHORT trade at 7:32am p.t...

Hi Matcha, Thank you for your support and encouragement. You know what, I learned from your lessons too! Tomorrow and onwards you shall do better and better. Stay the course! --po

Hi Matcha, A profitable week for you! Agree with you 101% "Got to love the losers, only way to learn trading". I have also added the same rule to myself in 2011 to stop trading for the day - after 3 strikes in a row, I'm OUT. I assume your current "full stop" is approx. 14 YM...

Hi Matcha, Wow! Excellent trades! Congrats! Most importantly, you traded both according to your designated SETUP. It pays off to be disciplined. My trading today: (3 trades, 67% WR, +2.25 ES pts.) - Started late to the trading this morning. Took a SHORT trade at 8:46am p.t. with a loss...