Good morning to all Idiots.
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Chronicles of an Idiot
- Thread starter VisionTrader
- Start date
There were no signals generated during the steady climb this morning. There was weak VTDT signal generated at 11:51. This sell signal was not taken because:
1. First signal against a very powerful move up.
2. The MACD began to move sideways as the signal developed (this is what I meant by a weak signal.)
On a day like today, I am looking for a long signal. Price has moved sideways for a good while now. It will be interesting to see if there is a signal that sets up the direction of the break.
1. First signal against a very powerful move up.
2. The MACD began to move sideways as the signal developed (this is what I meant by a weak signal.)
On a day like today, I am looking for a long signal. Price has moved sideways for a good while now. It will be interesting to see if there is a signal that sets up the direction of the break.
There was a sell signal generated at 15:09. A VTDT, Double Top. I did not take it because I believe the entire trading floor at the CME has fallen asleep.
SL 1006.25
Target 998.25
I will move my stop to BE as soon a I can on this one. Two consecutive signals generated. Let's see what happens.
I am now out of my misery. Stopped out. -2
Should not have tried to fight it.
Target 998.25
I will move my stop to BE as soon a I can on this one. Two consecutive signals generated. Let's see what happens.
I am now out of my misery. Stopped out. -2
Should not have tried to fight it.
Quote from VisionTrader:
SL 1006.25
Target 998.25
I will move my stop to BE as soon a I can on this one. Two consecutive signals generated. Let's see what happens.
I am now out of my misery. Stopped out. -2
Should not have tried to fight it.
Just an observation. I noticed that you were trying a short today and were looking for longs on Friday. I understand your method is a counter-trend method, but I think you need to try to recognize when we are having a trend day and don't trade counter-trend methods on those days. May be easier said than done, but something to look out for in the future.
Quote from Woody:
Just an observation. I noticed that you were trying a short today and were looking for longs on Friday. I understand your method is a counter-trend method, but I think you need to try to recognize when we are having a trend day and don't trade counter-trend methods on those days. May be easier said than done, but something to look out for in the future.
Thanks Woody. I agree.
I was looking for long signals today, I just got two signals back to back and that's why I took it. Pretty idiotic.
One trade taken and lost. -2 Week to date.
I attached the chart to go along with my ramblings. I am still getting used to watching the 3M chart. Today there was not very defined movement for a long time. I saw a long signal at 13:15 but did not take it. It did produce a nice move of 6 points. Its interesting because I also am watching my old 1 minute charts and I saw the signals on these charts.
I will not be trading tommorrow, Tuesday. Out of town.
I attached the chart to go along with my ramblings. I am still getting used to watching the 3M chart. Today there was not very defined movement for a long time. I saw a long signal at 13:15 but did not take it. It did produce a nice move of 6 points. Its interesting because I also am watching my old 1 minute charts and I saw the signals on these charts.
I will not be trading tommorrow, Tuesday. Out of town.
Attachments
As a result of my continued backtesting, I will be making another adjustiment in an effort to "fine tune" my strategy. I will be using both the M1 and M3 charts. I have found that I can more effectively filter my decisions this way. Only difference will be that some trades will be based on high profit targets than others. All trades will continue to have a SL of 2.
Will be posting my trades today, Wed June 18.
Will be posting my trades today, Wed June 18.
Pre-Open.
I would not normally do this, however, I did get a strong signal. Only risking 2 pts. Moved stop to B.E.
I would not normally do this, however, I did get a strong signal. Only risking 2 pts. Moved stop to B.E.
Stop 1009.50
Target 2 Points hit successfully.
On this trade, I moved my stop to B/E. Then once price went thru 1005.50 I moved my stop to 2 lock in the 2 points.
I think my original stop was pretty close to yours Breakout.
Target 2 Points hit successfully.
On this trade, I moved my stop to B/E. Then once price went thru 1005.50 I moved my stop to 2 lock in the 2 points.
I think my original stop was pretty close to yours Breakout.