ES Journal - 2019/2020
- Thread starter Buy1Sell2
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Impressive syswizard, thanks for sharing your methodology and trades as well.
For new traders like me valuable information.
For new traders like me valuable information.
I haven't really shared my methodology. I deal with a very fast 200 tick chart and two proprietary momentum indicators, one is volume-based, the other is not. Trend is determined by a 10,000 trade adaptive moving average. Entries are almost always market orders.....Exits are either market or limit orders. A stop loss order is always in place at the time of entry. Exits are discretionary but based on the momentum readings....that's the tricky part due to the speed of the price action. In other words I never have a pre-set profit target....I let the price action and indicators dictate the exit. Because the time-in-trade is so short (1-15 minutes), I rarely "flat" a trade....I usually let the stop loss do it's job.
Hope this helps.
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Yeah.
Hurricane update.
From my previous post:
The beat goes on.
54 more points. :
Its been 3 days since we've heard from Izzy.
Allow me:
"The board quiets"
Hi B1.
Maybe it'll be the next hurricane that hits Alabama...
With methodology I didn't mean your strategy (although the extra info you provided is of course very welcome) but your journal and your categories to evaluate your trades. In general you seem quite disciplined and I noticed this with a lot of succesful traders. For newer traders this could tell something.
This is incorrect. It's perception of fundamentals and human nature that drives prices. This can all be seen in technical analysis.
Entries discretionary right now....thinking of making them semi-automated...i.e. prompt before order placement.
Mullticharts 64 platform.....Excel for analysis....Interactive Brokers for execution.....IQ Feed for data.
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