I see three things. I see where I stayed out according to my rules, I see where I traded successfully following my rules, and I see where I traded badly, which is where I'll spend this post. I faded pullbacks on higher time frames without checking the FX upcoming events (maybe Brooks is right about sticking to one time frame)...like GREEK PARLIMENTORY ELECTIONS while trading the EURUSD. Now admitting that is embarrassing, I do so to let others know I'm not totally glued to Brooks (I have other experiences that sometimes work, and sometimes don't). (He has indicated that he doesn't trade regarding news, and doesn't trade just ahead of it...I totally failed to even check)...and though long at the TL, then flipping to short after the TL break, was oblivious to the fact that the election was Sun. I was still fixated on Yellen not raising rates, and looking at the inverse relationship to the dollar with the EURUSD and seeing the pullback as buyable using support regions on the higher frames...including the daily, until it went off the cliff around noon...after covering my short after the TL break ( a good play in hindsight...could have been a monster), I went back to scaling into higher time frame support areas long, even though they were getting obliterated. I eventually checked the events calendar, stopped trading, and did my books. I had my worst day of the month...and I'm going to go as far as saying this because this is an educational thread. The biggest fuck up of my horrible trading yesterday was this:The point I was making is as follows - keep all of your charts clear of anything that will distract your attention from what you really need to be looking at.
If you (general) do not really know what you need to be looking at, then you should not be risking your money until such time as you do!
If you think that buying courses can show you what to really look at, then ask yourself this question - if everyone else is looking at the same thing I am looking at, and most get it wrong, which they do, should I really be looking at this way at all
What do you see in the picture below?
J_S
View attachment 157020
I refused to see what my eyes were telling me. The news wasn't even relevant, to be honest. The price charts told the entire story. I allowed myself to become biased by a news event (FOMC). Regardless of one's system, one should never allow ones' self to become biased by anything outside of the parameters of their individual system. For those who have followed my posting in this thread: I'm now down 5% in my DT account...rounded. I ate 1.5% on what started out as a pretty good day. That said, I was out long before my catastrophic stop was even in play, but I'm a guy who makes between a tenth to a quarter per cent on my winning days, so...OUCH. I have a different strategy for scaling against the trend, but I violated my size rules doing that, too. These are the issues I'm in the process of eliminating, and another lesson is now in the books.
Anyway J, if you didn't catch my post edit, I had seen your OCHL chart, and if you go back to the two daily charts I posted next to each other (2nd and 3rd charts), my point was to show that if your vertical bars were based on either one of those two brokerages, they would have been different. I wasn't intending to get into different styles of trading, but how a single style could be drastically altered by such differences. Further back in this thread, I showed the same discrepancy on a 15' chart from two brokerages that would have affected the entry...perhaps I should not be using charting from different brokerages.
By the way, I'm enjoying some of the ideas you've brought to the thread.
Now I get to listen to all the great traders tell me how my strategy is a loser, though I haven't completely described it. Flame away, brothers and sisters!
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