Chronicles of an Idiot
- Thread starter VisionTrader
- Start date
what chart ? porgie ?
Best of luck with your trading.... It is possible to eliminate almost all emotion if the system proves itself enough times....Realtime...Confidence and patience become the keys, not discipline...discipline implies to me that one might lose control of one's trading.....1, 2, 3, 5, minute charts are not the answer...THEY ARE THE ENEMY...unless u r scalping. Then, u r emotionally trapped all day long....big time gambling..
I won't post during the week as I wish not to interfere with this board. Your comments are very sensible..."I smell it"...I like that because I remember the same feeling....thousands of hours required to find it....I have found 2 longer points infallible entry setups with 3 or 4 pt. stops that have worked since 2001....working on 3rd..Will trade again soon...I am very familiar with realtime and real money trading...Confidence/Patience..
I won't post during the week as I wish not to interfere with this board. Your comments are very sensible..."I smell it"...I like that because I remember the same feeling....thousands of hours required to find it....I have found 2 longer points infallible entry setups with 3 or 4 pt. stops that have worked since 2001....working on 3rd..Will trade again soon...I am very familiar with realtime and real money trading...Confidence/Patience..
Porgie,
Would you please post a link to your journal. I did a search and could not find it.
Thanks.
Would you please post a link to your journal. I did a search and could not find it.
Thanks.
Yo. BO. Still at the tick stuff I see. 210? Nice trade.
First trade = Porshe
Second trade = Perelli's
All before lunch too.
Stay in touch.
I gotta try this tick thing.
First trade = Porshe
Second trade = Perelli's
All before lunch too.
Stay in touch.
I gotta try this tick thing.
The best word I can think of is "flowing". For me, the tick chart
is easier to "feel" and seems more natural. Especially when the
market gets fast. I seem to be able to "see" the patterns easier.
Of course, it's just personal preference. Before tick charts I used
to like the 2 minute charts.
Here's the same chart I posted earlier with a 1 minute on the left and a 133T on the right. I prefer the one on the right.
There are a couple reasons Tick charts are really great.
One is that when the market is slow, you don't get a bunch of flat minutes. What happens is you get more minutes compressed in to each bar. If nobody trades for five minutes, you don't get five little doji's, but the bar waits until 133 (or whatever) trades have gone by and then starts a new one.
The other great thing about tick charts is that you can see all the night's action in a glance. Set your tick chart (TradeStation) to @ES (not @ES.D) and you can see the night session in a few bars. Sometimes important highs and lo's are put in at that time and if you are relying on only intraday charts, you miss seeing 'em.
BTW, Breakout, Like I suggested to Vision, why don't use Fib. numbers for your tick charts of the ES, 144, 233, 610 etc. Check it out and see if you find it helpful.
Cheer,
kp
One is that when the market is slow, you don't get a bunch of flat minutes. What happens is you get more minutes compressed in to each bar. If nobody trades for five minutes, you don't get five little doji's, but the bar waits until 133 (or whatever) trades have gone by and then starts a new one.
The other great thing about tick charts is that you can see all the night's action in a glance. Set your tick chart (TradeStation) to @ES (not @ES.D) and you can see the night session in a few bars. Sometimes important highs and lo's are put in at that time and if you are relying on only intraday charts, you miss seeing 'em.
BTW, Breakout, Like I suggested to Vision, why don't use Fib. numbers for your tick charts of the ES, 144, 233, 610 etc. Check it out and see if you find it helpful.
Cheer,
kp