Cathy's Chimp Charts

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cathy, i am interested to see just what you would have gotten had you taken ALL the entry sigs. today. will you post your post thur analysis here tonight?
 
DAILY POST MORTEUM

Trading the morning worked out very well....nice long trends.

The afternoon left a lot to be desired, so I have some ideas.

Tomorrow I will trade both sides of the EMA crosses in the afternoon. Take my profits and jump out. There is a nice wave action, but it does not follow the larger trend only. I will jump out on stoch crosses, not wait for the EMA crosses which may be too late. If I had done that, there was an easy extra 10 points this afternoon bringing it up to 24 points or so.

The short covering rally did not materialize. So I did not trade at all.

Overnight I am not sure which way to go, so I am flat.
 
Quote from bobcathy1:

Up 14 points for the day and now I am going to wait and see if we have a late short covering rally to work with.
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Congrats, Cathy.

It was a good day... strong trend in the morning, nice reversal in the afternoon. Yeah, you can easily make money on days like today. On the whole it was a boring day...things were easy to anticipate.

Time for my extended nap...:p
 
yeah wally just another one of those easy days in the life of the consummate trader ...

{{yawn}} took my nap shortly after 9 am, woke up just in time to cover and go long for the reversal.

btw, how'd you do today?
 
Quote from LongShot:

yeah wally just another one of those easy days in the life of the consummate trader ...

btw, how'd you do today?
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Thanks for asking...

I did not trade strictly mechanical today, but improved an entry in one of my systems by using some Fibonacci techniques for which I am hated by some :D. Using simple things like that you can sometimes determine where the bottom is likely to be. Today, already during the first hour of trading, I was expecting it to be at 905.0-904.75. It really occured at 905.25 as far as I remember.

Well, anyway, purely mechanical it would be 9+2=11 ES pts, with the Fibonacci enhancement it was 9+9=18 ES pts. I think I will continue to use enhancements in that system of mine as it is a breakout system of the type Mike and Natalie have introduced on this board, in the sense it uses intraday bars, and so it can be easily improved upon. BTW, you had plenty of time to cover the short in the system that scored 2 pts at 4 pts, this 2 pts is just an MOC exit. My stop-losses are pretty liberal, sometimes I wonder if I am not too generous, but as long as it works, I will leave it like that trying to improve my entry (where possible) instead of using tighter stops because this can adversely affect the profit advancement. I try to trade less frequently concentrating on bigger profits.

The other of my systems are not based on intraday bars, but use some other ideas, so they cannot be improved that way.
 
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