Hooti's Journey
- Thread starter Hooti
- Start date
I'm right at the end of my first 100 days of trading.
Here is my thinking at this point in time.
I look at multiple time frames... 5 min, 10, 30, 60, daily, etc. and have only a 21 EMA on them.
A separate set of time frames dedicated to elliot wave counts. Another for profiles, Ammo's cool and helpful stuff, etc. Also studies for different market type days.
I load up one 5 min chart with a lot... my teacher says to much. But they all seem different to me, and not in competition with each other. See attachment.
Big picture: I start with elliot waves and fibs.
Next level: profiles and the globex high/low fit in there, with the prior close.
Then: bar by bar the keltner bands and EMA move along.
All of those have specific set up's. I only use 4 or 5 set ups frequently.
And of course lots of TL's, and looking for patterns.
Bar by bar price action thought still seems essential to me.
If I were to say what I'm doing analytically as I trade right now, ...I'm just looking for what the market gives, and then for confluence.
At the moment, I'm starting to get success with fibs on a daily chart. They seem to tie a lot of other indicators together. And I'm using fibs to tgt more points.
For the next 100 days...
I'm not successful nearly as consistantly as I'd like yet.
There are worlds of understanding I have not tapped yet.
so lots of focus areas for the next 100 days.
I'm also just grateful for the presence of so many here on ET. Thanks.
The attachment is of this AM's trade entry.
Here is my thinking at this point in time.
I look at multiple time frames... 5 min, 10, 30, 60, daily, etc. and have only a 21 EMA on them.
A separate set of time frames dedicated to elliot wave counts. Another for profiles, Ammo's cool and helpful stuff, etc. Also studies for different market type days.
I load up one 5 min chart with a lot... my teacher says to much. But they all seem different to me, and not in competition with each other. See attachment.
Big picture: I start with elliot waves and fibs.
Next level: profiles and the globex high/low fit in there, with the prior close.
Then: bar by bar the keltner bands and EMA move along.
All of those have specific set up's. I only use 4 or 5 set ups frequently.
And of course lots of TL's, and looking for patterns.
Bar by bar price action thought still seems essential to me.
If I were to say what I'm doing analytically as I trade right now, ...I'm just looking for what the market gives, and then for confluence.
At the moment, I'm starting to get success with fibs on a daily chart. They seem to tie a lot of other indicators together. And I'm using fibs to tgt more points.
For the next 100 days...
I'm not successful nearly as consistantly as I'd like yet.
There are worlds of understanding I have not tapped yet.
so lots of focus areas for the next 100 days.
I'm also just grateful for the presence of so many here on ET. Thanks.
The attachment is of this AM's trade entry.