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  1. V

    Chronicles of an Idiot

    Thanks Wally. This ain't easy, but it is helping me believe it or not. Take a look at page 64. 3rd post down, my response to Gotta Trade and others. This should give you an idea of my entry. Also, other trades are described in the first few pages of the journal. I would point out that I am...
  2. V

    Chronicles of an Idiot

    3.5 Days Traded 19 Postions Taken 12 Sucessful 5 Failed 2 Breakeven 63% Successful (Counting Break Even as a failure) Weekly P/L = +31 Points 1 contract = $1,550 Overall I am satisfied with the results this week. I am still learning the system. This is consistent with...
  3. V

    Chronicles of an Idiot

    4 Postions Taken 2 Sucessful 2 Failed 50% Daily P/L = +1.75 Points 1 contract = $87.50 Not a great day. Skills need sharpening.
  4. V

    Chronicles of an Idiot

    Stop 972.50 Out at 976.50 Calling it a day on the doji +3.50:p
  5. V

    Chronicles of an Idiot

    This has been one weird trade so far. I did not expect price to move sideways like this. Big move okay. Wrong way. -1.5:mad: :mad: :mad:
  6. V

    Chronicles of an Idiot

    Whamo. Look back in the journal when you get a chance. My method is completely described with pictures. I have a live account with TradeStation and I use the bid/ask buttons for this journal. This is how I am choosing to do it. I have traded this system live before on TS. I found out I needed...
  7. V

    Chronicles of an Idiot

    Stop 975 I think this will be a big move.
  8. V

    Chronicles of an Idiot

    If you are following, there was a long signal generated at the 13:55 candle. It was confirmed by my filters. I chose not to take it beacuase it was the "first signal against the trend" It did produce 2 point so far. Look for a DT to form on the 1M at the end of this pullback.
  9. V

    Chronicles of an Idiot

    Wow came back and lunch wasn't so lackluster.
  10. V

    Chronicles of an Idiot

    I understand completely. You can apply this same principle to longer time frames if your account size dictates it. Same principle. You will of course get a lot fewer signals. This concept keeps the risk to $50 or $100 per trade which is in most peoples range. Look for some comments this...
  11. V

    Chronicles of an Idiot

    It's lunchtime I am out with +2. Be back later.:p
  12. V

    Chronicles of an Idiot

    Just to point out for those who care. The system gave me the correnct signal this morning. I read it wrong and took the first major signal against a strong uptrend. AN IDIOT OF COURSE. The second signal generated a nice move down. Maybe someone out there in this monitor caught it. Hope so...
  13. V

    Chronicles of an Idiot

    STop 982.25 I got a strong buy signal here. It's just close to lunch time.
  14. V

    Chronicles of an Idiot

    My stochastic setting on the 1M is 6,5,2. End of mystery. Do not use what you see in my docs. Sorry about that.
  15. V

    Chronicles of an Idiot

    Today is a good reason why this system may not be suitable for many. On strongly trending days, you will not get many signals to go with the trend until price corrects or moves sideways. I will many times try a HOTT trade on the first pullback. This is not a divergence signal. It does have...
  16. V

    Chronicles of an Idiot

    No good. -1.75:mad:
  17. V

    Chronicles of an Idiot

    I don't watch a 5 minute chart.
  18. V

    Chronicles of an Idiot

    Stop 986.75 Looking for 2 points on the pullback. Second consecutive signal against the trend. Confirmed by my filter. My timing was poor on this trade. I entered on a doji instead of a red candle. The long candle down was not the correct entry. Let's see
  19. V

    Chronicles of an Idiot

    Following the 1M chart... A nice sell signal was developing, however, when price broke thru 985 @ 10:30 it push the stochastic above. No go. This first call will likely be difficult. Look for another double top quickly. NOTE: THIS WOULD BE THE FIRST SIGNAL AGAINST THE TREND.
  20. V

    Chronicles of an Idiot

    If you are following the 1M chart.... All conditions were met for a long trade at 10:02 except Price did not make a double bottom. No go.
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