five years later (the previous 5), still struggling!

Quote from bigsnack:

Got it. Do you trade from the chart, or from a separate DOM? I found that trading from the chart (if possible) helped with my discipline, so I could see how many ticks / $$$ I was up, I was just focused on the support and resistance on the chart.
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I tried chart trader from IB, then I had some problems of trades firing up, may be I did not set it up correctly. I'll look into it definitely, that will may be help me manage my trades effectively.
 
Quote from cap'ncod:

Looking at a 2 min chart is a cast iron certainty that you'll exit too early. No? I like to look at the shape of a 5 min on the index (not futures) but using a non-time based bar gives a clear picture as you are dealing with pure price, IMO. A simple fact is that a larger range threshold will keep you in the trade. Whereas the whole move could have occured within a 30 min bar. A reversal can take a matter of seconds and looking at time based bars you may never see it. A reversal always means a hefty swing first one way then another and then possibly 3 more times before it takes off. A 2 min bar will give potentially several false signals.
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Completely agree, I used to use a 10000 ticks the price is clean and you can get out early. Now I trade using IB charts they don't have tick possibility. Using a third party wit IB is not very accurate either, so that's why I use the 2 minutes, may be I'll switch to one minute for exits.
 
Quote from bigsnack:

Looks like you'd most likely be getting filled on your target in a minute here.
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:mad: :mad: :mad: :mad: Yes. I picked the target based on the break out bar on 1 hour chart; the low is at 1318, people will jump long 1319.75 to risk 2points, therefore a good pullback or reversal.
 
Quote from momoNY:

:mad: :mad: :mad: :mad: Yes. I picked the target based on the break out bar on 1 hour chart; the low is at 1318, people will jump long 1319.75 to risk 2points, therefore a good pullback or reversal.
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There is a high chance this is a reversal. Yes I'm biased to the long side, I did not look at the daily!!! the gap is closed.

EDIT: Long if 1322.5 is printed.
 
Quote from momoNY:

There is a high chance this is a reversal. Yes I'm biased to the long side, I did not look at the daily!!! the gap is closed.

EDIT: Long if 1322.5 is printed.
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I see you are still tick-fucking.


Confucious say: you think in pennies, you make pennies, think in dollars, you make dollars.

Man, like i said in my original posts, you probably wont do anything i suggested. You continue to trade how you did before but you are looking for new results?!?!?!

You are trading against bots and prop shops guys with T-5 cables and unlimited leverage.

Well, my best luck to you buddy,. one last thing, trade smaller, maybe you will still be around when it hits you that daytrading is the hardest way to make it.

EF
 
Quote from Eddiefl:

I see you are still tick-fucking.


Confucious say: you think in pennies, you make pennies, think in dollars, you make dollars.

Man, like i said in my original posts, you probably wont do anything i suggested. You continue to trade how you did before but you are looking for new results?!?!?!

You are trading against bots and prop shops guys with T-5 cables and unlimited leverage.

Well, my best luck to you buddy,. one last thing, trade smaller, maybe you will still be around when it hits you that daytrading is the hardest way to make it.

EF
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Eddie, I respect your view a lot. Could you tell us what position are in now?

Longer time frames I can't manage them I know that. I have to work on letting profits run, just like you say, I have to think in dollars, they can be made using 5mns charts too.
 
Quote from momoNY:

There is a high chance this is a reversal. Yes I'm biased to the long side, I did not look at the daily!!! the gap is closed.

EDIT: Long if 1322.5 is printed.
More...

Long 1322.75 stop 1221.25 target 1330.25
 
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