Iterative Refinement
- Thread starter Spydertrader
- Start date
Just a suggestion cnms, but I think it would help those of us not in the "bugs" to comment on your trade charts if you provided a 3-4 word explanation for each reversal (marked A, B, C, D, etc). I think you've done this in the past... It's hard to come up with a comment other than "why did you do X?" but if you've already explained X, this saves you a step.
Doing such written explanations is time consuming, and I'd do it only when and where that would benefit somebody. I've posted my charts and trades for the last three days in a row for reference, also trying to stir some discussions. I also have available snapshots of my screen taken a few seconds after I made decisions to trade or to hold. I do not consider my trades and my way of thinking to be a model to follow, but I'm open to share them in the limit of my available resources. So ... 
EDIT: A possible line of discussion could be: "where you did that (good or bad) I did this (good or bad) for the following reasons; I wonder what were you reasons..."
EDIT: A possible line of discussion could be: "where you did that (good or bad) I did this (good or bad) for the following reasons; I wonder what were you reasons..."
Of course, alls I'm sayin is more discussion might be stirred with more explanation... but whatever you think is best. You actually do exactly what I'm suggesting most of the time (see your Jan 3rd posts), just not all the time (today). Most people's trades don't require explanation, but often yours are a little more interesting, since you are further down the rabbit hole. If you are just posting something for reference, that's one thing... Anyway, nice posts, looking forward to moreQuote from cnms2:
Doing such written explanations is time consuming, and I'd do it only when and where that would benefit somebody. I've posted my charts and trades for the last three days in a row for reference, also trying to stir some discussions. I also have available snapshots of my screen taken a few seconds after I made decisions to trade or to hold. I do not consider my trades and my way of thinking to be a model to follow, but I'm open to share them in the limit of my available resources. So ...
EDIT: A possible line of discussion could be: "where you did that (good or bad) I did this (good or bad) for the following reasons; I wonder what were you reasons..."
Look how each one of the charts, and each element of it, brings something to the 15:25 VE turning point's monitoring, decision, anticipation, and confirmation.
It's great if you need only the 5 min es to make your decisions (I assume that you plan following the price movement characteristics intrabar). But why not to sweep all the available tools at the appropriate moment: coarse, medium, fine?
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Thank you for your contributions cnms2, here and elsewhere.
My mian chart is 5 min chart, backed by 2 min ym and es charts, a dome, times and sales. I couldn't really get the hang of S/S so I left that out, I had a hard time with 2 pair and a spike so I dropped that too. I simply began to concentrate on a few patterns, memorized them and went through hundreds of charts ( I think Jack will call that process drills) to arrive at this stage of my trading.
I hear what you are saying, I will take one thing at a time and improve upon that.
I am in the habit of wondering off to do other things, when I take a good thrashing trying new things, I find myself going back to the basics which work most of the time. I hear what you are saying and I love your charts, I have learnt so much in the last few weeks applying MADA and seeing how others anticipate their trades.
I hope that we will all continue sharing our knowledge on this forum. I have been busy in the last 2 days learning to use a new platform, I've had some amazing results sim trading. I hope to share my real time trading results with others in order to improve.
Good trading to all !
It's great if you need only the 5 min es to make your decisions (I assume that you plan following the price movement characteristics intrabar). But why not to sweep all the available tools at the appropriate moment: coarse, medium, fine?
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Thank you for your contributions cnms2, here and elsewhere.
My mian chart is 5 min chart, backed by 2 min ym and es charts, a dome, times and sales. I couldn't really get the hang of S/S so I left that out, I had a hard time with 2 pair and a spike so I dropped that too. I simply began to concentrate on a few patterns, memorized them and went through hundreds of charts ( I think Jack will call that process drills) to arrive at this stage of my trading.
I hear what you are saying, I will take one thing at a time and improve upon that.
I am in the habit of wondering off to do other things, when I take a good thrashing trying new things, I find myself going back to the basics which work most of the time. I hear what you are saying and I love your charts, I have learnt so much in the last few weeks applying MADA and seeing how others anticipate their trades.
I hope that we will all continue sharing our knowledge on this forum. I have been busy in the last 2 days learning to use a new platform, I've had some amazing results sim trading. I hope to share my real time trading results with others in order to improve.
Good trading to all !
Halfway decent paper trading day even though there were many errors. +13.5 points from 14:46 to 16:01 ET. Don't really know how some of the trades worked because at some points I just "felt" like the market would turn and that's not going to cut it in the future, hence the debriefing time (tomorrow). One glaring error was that I didn't hold the last trade going long at 1418.75, but that was due to distractions. My rationale for thinking change then was ftt, spiking volume on 5 min and 1 min ES, and time of day (big boys might ease off the pedal around 4 ET).
My chart went without annotations, so posting it won't really help, but I'll attach my entry/exit log if you'd like to compare for that time frame and scold me for my errors (which is great). My setup is 5 min ES, 1 min ES, and volume. (and indicators). Have a good weekend.
Note: The first few trades show double the P/L that they should because I accidentally paper traded 2 contracts instead of one.
My chart went without annotations, so posting it won't really help, but I'll attach my entry/exit log if you'd like to compare for that time frame and scold me for my errors (which is great). My setup is 5 min ES, 1 min ES, and volume. (and indicators). Have a good weekend.
Note: The first few trades show double the P/L that they should because I accidentally paper traded 2 contracts instead of one.
I had only planned on annotating today. Small trades were taken and this is the profit.
I was only able to trade this afternoon. Price movement was very bouncy during the period I was trading ( 1300 -1400 EST ). The timing of my last SHort trade was way premature and if I waited till a pattern BO I would of went long. I stopped after my 4 th trade when I realized that I wasn't comfortable reading the charts today.
My chart and comments are attached.
My chart and comments are attached.
