E-mini Rookie Trading Journal

Originally posted by NihabaAshi

Yet, when I used Snagit to capture the image...it saved the image great...but the arrow cursor changed into what looks like a waving hand...weird.

Other than that...no problems.

NihabaAshi
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arrow turn into hand because qchart also use Ctrl key for its feature, for example in qchart Crtl + arrow key will rapidly move your chart around, all you have to do is change snagit default capture key combination into something else.

click option, click preference, click check mark to change default capture key, done
 

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If I can learn to use snagit...ANYBODY can.

I was like you Bronks.... knew just what I had to in order to get my job done, and precious little else.

BUT.. nkhoi, I don't know how to draw the freehand sketched circles. Is there an icon I am missing?

Thanks
 
Originally posted by nkhoi


arrow turn into hand because qchart also use Ctrl key for its feature, for example in qchart Crtl + arrow key will rapidly move your chart around, all you have to do is change snagit default capture key combination into something else.

click option, click preference, click check mark to change default capture key, done
More...

nkhoi,

Thanks for the Snagit tip...I just made the change and tested it. Thanks.

NihabaAshi
 
Still in the habit of giving away money towards the end of the day. However, today, I nipped it in the bud. It was VERY hard not getting in on the late afternoon ramp, as I was expecting it. The price action was just too bumpy.


+8 points / 5 RT's


Dabbled with snagit for awhile. See how it went:
 

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Originally posted by NihabaAshi




...Hope you didn't mind me making comments based on my 1min chart settings.



NihabaAshi
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Nihaba-- Your comments are most welcome. You seem to have a good grip on T/A, and I've learned much already from your posts. You and other informative members are the closest I have to a mentor, so critique away. And thanks for the blow-by-blow, it definitely helps me.
 
Forgive the offtopic reply.... I wrote a snapshot program for my own trading logs to quickly grab shots during the trading day. Since i keep my logs on a webserver, I needed something that would capture, save to a file, and FTP in one button click.

Even if you don't use the FTP functionality, you can still use it to grab and save images, and it's free.

http://www.loy-fu.com/dev/snapftp
 
I have been studying and using TA successfully for the past few years and have made a lot of $ with it. With all honesty, based on the snagit gif and reviewing your trades I see absolutely nothing more than random entries. I still do not see your strategy and how you expect to consistently make $ and beat the markets, not mentioning support yourself and perhaps your family.

Here is an idea... have a strategy that is concise and pinpointed beyond question. Think of it like this... I only wanna trade the most obvious setup that even if I show 10 six year old kids the pattern, they would all I agree upon it. As opposed to having 10 different opinions. The more complex and esoteric your analysis will be the worse you will fair off.

I personally know traders that made a small fortune by simply buying at a new intraday high post noon and shorting the intraday low post noon. The point is that their strategy is so clear and easy to follow that just by you telling me your strategy I would be able to know how you did for the day w/o even talking to you. This might be oversimplified.. but its just a point I am trying to make.

The fact that you anticipated the pop at the end is worthless. As a newbie, never anticipate anything in this market, always have a show me attitude. Although most anticipations will be correct in theory they will be unprofitable from risk mgmt. point of view.

Here is how a pro would play an anticipation: I am up +5 points on my 2 contract trade and the NQ is showing some serious strength. Perhaps I will cover one contract and let the other contract run because i am betting on a late 3pm pop. I will set my stop for the second contract at x amount breakeven/profit, and lock in the profits on the first. Let the market show me if I am right or wrong.

Without heeding my advice everything you will be doing will be random and subject to pure luck. Your equity line will be no more different than a 6 year old drawing zigzags. I am not trying to disparage you, I am only trying to save you face and guide you in the direction I believe is profitable.

just my 2 cents,

--MIKE
 
Mike--

Thanks for the reply, it's exactly the type I'm looking for. Now to business on hand...

You are absolutely correct in stating that I have no strategy. I like to think I do, and sometimes I do, but really I don't. Earlier I stated I play breakouts. But that is subjective because it's based on what I think a breakout should be. Maybe it's the equivalent of handing someone the keys to a car, who's never driven before, but says he knows how from watching TV and reading a few books.

I really don't know how else to even BEGIN to develop a method without actually getting in and mixing it up with everyone else. Foolhardy, probably, but it is all I know. During my time so far I certainly found out what NOT to do. So maybe a method will crystallize as my list of no-no's grow (or shrink?).

I agree calling the market is worthless, especially for a newbie. Nevertheless, it was the reason for my last trade.

This is what I'm concentrating on now: Breakouts or downs from the 50 sma on a 3 min chart, hopefully along with some kinda wedgie formation.

comments on this are more than welcome
 
"hopefully along with some kinda wedgie formation."

I'm not sure if you picked this strategy up in the room you mentioned or not , but, if so think about a training room where they are "fairly" specific about strategies. Good Luck

~EC
 
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