Chronicles of an Idiot

Breakout - I was wondering. Is the run up occurring now a result of short covering on Friday afternoon. I'm really out of my league with this question? Doesn't really matter because I got the signal, but it is curious.
 
Quote from VisionTrader:

Breakout - I was wondering. Is the run up occurring now a result of short covering on Friday afternoon. I'm really out of my league with this question? Doesn't really matter because I got the signal, but it is curious.
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I don't know dude. Could be...but I don't really get into all
that. I'd just look for Dbl bottoms and Dbl tops on the charts and
trade them.
 
Quote from Breakout:



I don't know dude. Could be...but I don't really get into all
that. I just look for Dbl bottoms and Dbl tops on the charts and
trade them.
More...

10-4 Glad you reminded me. Enough of that type of stuff. What an idiot I am!
 
Signal occurred on the 3M chart and produced nicely.

Only an IDIOT would not take this nice signal. 6 Point move.

NOTE TO SELF: TRUST THE SIGNAL ON THE 3M CHART

:D
 

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Quote from VisionTrader:

Signal occurred on the 3M chart and produced nicely.

Only an IDIOT would not take this nice signal. 6 Point move.

NOTE TO SELF: TRUST THE SIGNAL ON THE 3M CHART

:D
More...


Shoot, just missed another one...hehe But, the important
thing is to get at least at 2-1 ratio on your trades, but I would
say a 3-1. But, I think you'll just find you're spinning your
wheels with a 1-1 ratio.

Anyway, best of luck!
 

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Quote from maggandre:



Try this - right click on the picture after it opens, select "Copy", then open MS Paint, right click again (in MS Paint), and select "Paste". Select "OK" if it says something about the picture being bigger...it should come up and be big enough for you to read now.
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In case anyone checked this out, there is another way to see
these charts. Click and hold on the screenshot untill a weird icon
pops up. Click on the icon and it will expand the chart so you can
see it well...
 
Thanks. Going to work on my money management. I was just looking back over the day. I saw most of the signals, but the one's I didn't take are the one's that produced.

Caught this last one though. Going to ride it out and I am done. Have enjoyed typing with you. I'll be back next week.

Also, I will try to get some more info posted on the other types of trades that I look for to get some feedback. Will also try to get a spreadsheet posted to track the trades for feedback.

Have a great weekend and Father's Day if it applies. Later.
 
Quote from inandlong:

I think you should have success with this method.
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I usually agree with inandlong, although I prefer stochastics divergences. Anyway, good luck.
 
Totals for Thursday and Friday

7 Total Trades
5 Winners
2 Losers

71% (Some lucky ones caused this)


Thursday +8
Friday -2
Total +6

System needs more fine tuning in the most important area of PL ratio

Trading hours may need to be altered by Head Idiot who lives on East Coast.

Began using 3 minute chart with same indicator set ups. This needs further evaluation as part of the system.

Yadddaaa Yadddaaa.


ALSO, I THINK TRADESTATION IS CONVERTING OVER TO GLOBEX DATA FEED THIS WEEKEND AND WILL NOT BE AVAILABLE. I MAY NOT BE ABLE TO POST ANY CHARTS. ANYWAY WHO CARES.
 
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