Chronicles of an Idiot
- Thread starter VisionTrader
- Start date
Yep, (THANX) it's the ones like this that give you that warm fuzzy feeling...
Actually a bit of both... When it spikes up above the BB that way and falls back that far AND forms a hammer I just get in there and set the initial stop very close in case I'm wrong. Then I just follow it down above the previous high (sometimes use the waist if it's a large candle) and see where it goes. Once I get my stop to BE I don't move the stop on an inside bar.
Scrutch
curiosity is a good thing... The 10th bar is a doji and only slightly Bullish AND only one tick below the 9th bar. If the move is in question I would probably move the stop but here I had a 5pt gain so I can afford to give it a bit more room. Same reason on NO stop above the 12th bar, only 1 tick lower than the prior bar and I've got some room to let it move. Then again a lot of this depends on the feeling I'm getting about the move. Probably couldn't lay out a firm set of rules (if you know what I mean<g>) for most of what I do.
Right now short again from the 11:30 Bullish failure at the center of the channel but this ones not going my way as fast as the first. Stops will be much tighter now that I'm at BE and probably will get scratched soon. BTW my BE is 1 tick in my favor. I'm not paying the commission if I can help it. Hope it's not you paying my entry fees...
Scrutch
PS... I'm using a 5m chart if you hadn't figured this out already...
Quote from Breakout:
Okay...so there's a little subjectivity. Yea, I know what you're
saying. I'm about 75% rules and 25% feelings, too.
Scratched for +0.75... Told you it wasn't going my way!
Should have taken the long side when I scratched it but then I'd be using 75% feelings and 25% rules. At times it seems like the feelings are the way to go but I've been burnt so many times with the feelings thing that I try very hard to stick to a given plan.
Scrutch
I've just read the last few post I've made here and am wondering if this is getting way off topic for what VTs trying to do. I have no idea if this is going to help or hinder him and as I am in doubt about this I am going to quit until his return.
I do wish someone would answer that crazy canuck's question though. I use eSignal for data but opted out on their charting program to save the 30 or 40 bucks a month. Patience canuck, someone will be along to help you out I'm sure...
You all have a good day!
Scrutch
I do wish someone would answer that crazy canuck's question though. I use eSignal for data but opted out on their charting program to save the 30 or 40 bucks a month. Patience canuck, someone will be along to help you out I'm sure...
You all have a good day!
Scrutch
If you call esignal customer service, most likely the person on the end of the phone will tell you it can't be done, however,
You can overlay the stochastic on the price bars but you will need to crate a custom formula to do this. By default the Stochastic shows as a study at the bottom of the chart. Using Java Script you can write a custom formula in EFS to plot it on the bars.
If you are not familiar with programming using Java Script hten this will
be very difficult to do yourself. You can use the following tools and
resources for assistance:
>
> EFS Help Center & Library
> http://www.esignalcentral.com/training/esignal/efs_database
> (Help getting started creating custom formulas using EFS)
>
> EFS Bulletin Board
> http://forum.esignal.com/forumdisplay.php?s=&forumid=22
Also, you don't have to have the Sto on the candles, just makes for better visuals when it is all stretched out like that.
You guys are welcome in my house. If it confuses anybody, they can ask a question. Remember we are all idiots here.
Looks like there was some "bar hopping" going on while I was gone. Hope everybody had a good day trading. Looks like things headed south a tad today.
Looks like there was some "bar hopping" going on while I was gone. Hope everybody had a good day trading. Looks like things headed south a tad today.
Quote from Scrutch:
Dude...
NO, is that how it came across? Sorry for the confusion...
Scrutch
Nice artwork. What time was the trade entered. I will take a look at my system and see if a short signal was generated and the results. That will put things back on track.
Nice trade.