ES Journal Archive (2009 - 2010)
- Thread starter Jahajee
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Good trading ammo! Btw, what is this polarized fractal efficiency i see in your chart?
Would anybody trade these signals?
Green diamonds - buy entry (3 ticks above bar close)
Red diamonds - sell entry (3 ticks bellow bar close)
Blue diamonds on Accumulation/Distribution bars
Also on chart: 20 EMA and VWAP indicators.
I go long only above the 20 EMA and short bellow it.
Any recommandations regarding exits?
Mich
Green diamonds - buy entry (3 ticks above bar close)
Red diamonds - sell entry (3 ticks bellow bar close)
Blue diamonds on Accumulation/Distribution bars
Also on chart: 20 EMA and VWAP indicators.
I go long only above the 20 EMA and short bellow it.
Any recommandations regarding exits?
Mich
I am pissed off at myself, moved my target down instead of leaving it alone. Got 1/2 the profit I would have gotten.
I think the issue was 2 fold. The good news was that I recognized a valid setup. Also, although I had losing trades all of this week on the 1st trade, I did not let this affect me placing real money since as noted this was a valid setup, whereas the other trades in hindsight were not because my indicator did not give confirmation.
The problem I see it as going down to watch CNBC and then going to check back on the trade, I still sometimes have a problem of messing with targets and stops when I watch a trade in real time. I am going to switch back to sim for rest of day.
The problem I see it as going down to watch CNBC and then going to check back on the trade, I still sometimes have a problem of messing with targets and stops when I watch a trade in real time. I am going to switch back to sim for rest of day.
my dad had a saying ,garbage in ...garbage out, about polluting your mind, ....found out years ago that whenever i put on a trade and then listened to cnbc ,i would get out of the trade only to watch it go my way,they are about as credible as the guy on the street selling gold watches
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