Search results

All sim today. 6 trades, 4 winners and 2 losers for +52 ticks. I took 2 trades using the daunting 'Swing Break Out' play. Gotta kick the training wheels off...

Thanks for the chart. I'll Skype you later today and go over it with you if that's OK. Right now I'm reloading software on my computer. I brought in my strategies from my home laptop that I had been programming and ran them on my work computer and got radically different results. After a few...

. I guess I've been burned too many times where price will run up 3 - 4 ticks past the last swing high, then retrace beyond my stop. Maybe I'm looking at the wrong pivots, or perhaps in the long run I'd come out ahead if I took the all. It's hard to look at a 5 min chart and tell if you...

This is a lesson I've learned several times now :)

84.95 is the top of the 1 min bar at 08:27 PST. I waited for the surge past the 84.85 double top on the 08:15/08:20 bars (where I had a failed long at 84.80). There's obviously something I'm doing wrong on those break out plays, since more often then not I get stopped out on a retrace. I see...

Thanks for the input, and yes, I would welcome your charts and/or any other helpful advise. No doubt I'm not seeing the forest, but if I understand your chart, it's showing 1 buy zone at 83.75 and the rest are sell zones - is that right? There is also 1 support line at 84.15 which I saw and...

I got 3 losing trades in a row, so I switched to sim. I would also switch to sim if I hit my daily loss.

Got a little chopped up today. Overall I came out +4 ticks, but I didn't start making money until I switched to sim, so I lost where it counted. My goal for the day was to pay attention to higher time frame S/R lines, and not get caught making trades within a range. The 30 min chart was in a...

Hmmm ... maybe after being able to read it.

Interesting you should say that. I've just spent the past 5 hours programming and analyzing an NT strategy (a simple shooting star), playing with candle shapes, stops, targets, entry prices, etc. and found that for a particular candle, the maximum profit ($4,300 from Jan 1st) occurred with an 11...

Oh, I'm not giving up. I'm still putting in many, many hours per day on this. I have been working through those videos, and some I've found very helpful. One thing I noticed about my trading was that sometimes I would take a setup that was in the middle of a range, then usually get stopped...

Just a quick update on what I've been up to. I was out of town on Monday, and yesterday I had to deal with a plumbing problem. Today has been spent doing sim on the days I missed. I do a lot better in sim than live, so I think this is telling me I still have some fear issues. There was a...

It's selected on the laptop, but not my office computer. I didn't think about changing the sim color, I just left it at the default. I think I'll change it to something neon! I'm thrilled that the loss was only $400! I could have been wiped out.

Thanks, I'll check it out. Had a bit of a technical snafu on Friday. I have been programming NT from my laptop at home, and I had left it connected over night. Went to work on Thursday as normal, and goofed around with different time frames and strategies. Made 37 trades, most losers, all in...

Tried to focus on entries today. There were a lot of mismanaged exits, but I'll worry about that another day. Trade #1 Price pushed up through the EMA, then pulled back. Entered on the pull back long at 82.23, but no follow through. Out BE+1. Trade #2 Price did a reversal and dropped...

Yes, this was hard. The biggest problem for me was the amount of money I'm willing to risk per trade was smaller than the bars on the 5 minute chart whenever a signal appeared, and on the smaller time frame charts there wasn't enough follow through to carry me with the trend. Ironically, the...

Surprising how oil can trend so strongly and all of my trades that were with-trend were losers. It was the whippy-ness and tight stops that mostly did me in. I alternated between real and sim. On review, there were two signals that I spaced on that were winners. Trade #1 Price briefly poked...

Understood. I was just saying that even in a perfect world I wouldn't have done that well today. If it sounded like I was complaining or had unreal expectations, then I apologize. My goal for back testing is to identify setups that will 'probably' give me some wiggle room to manage the trade...

It warms my heart to know this is possible!! There were two winning trades I didn't take because of a lack of confidence in the setup (not enough back testing yet), but even so, that would have only put a max of 80 ticks on the scoreboard - assuming I played them perfectly and squeezed out...

The recent overnight trend was up, so I was looking for long trades. However, the long wicks on the candles didn't inspire confidence in me. Trade #1 After the 2 news events, it looked like the new trend was down. I did get a long signal and took the trade, but kept a tight watch on it...