jasinhbca's quest for discipline, knowledge & profits

[jas_in_hbca]

Sweet..., not that you felt bad..., but that you had it in you to step back

Time was..., you would have tried / kept trading

Maturing every day



Good Job Today!!!

RN

I can't take credit for this one. I couldn't get out of bed !

Hoping to sim tomorrow. Should be fully recovered by this weekend.

Thanks Iwilldoit and thanks Handle.

jas

 

[moonmist]

I traded longer than usual Thursday, it was just one of those days that price just kept going down. Am sure the trend traders who were getting 10-15 point moves was dancing in the streets, and I was dinking out my usual smaller profits. Who does better in the end, don't know and don't care, I can average down cause of low losing trades, that is impossible for those who go for homeruns as their losing percentages are higher. And no, I do not recommend for most to add onto losing trades, it is a skill, thorough back testing and well funded account so when you lose, you can play again tomorrow.

Jas, hope you back soon.

Hi Handle,

Besides time-based chart, and Heiken-Ashi chart, have your looked at range-bar chart ? It seems that some traders have been trading off the closing price of the range bars of crude oil with some success:

http://www.forexfactory.com/showthread.php?t=280673&page=407

 

[Handle123]

Hi Handle,

Besides time-based chart, and Heiken-Ashi chart, have your looked at range-bar chart ? It seems that some traders have been trading off the closing price of the range bars of crude oil with some success:

http://www.forexfactory.com/showthread.php?t=280673&page=407

The problems I have always encountered in range bars is slippage, and unable to identify support/resistance as I do now. If in three minutes price waffling around at same lows, in range bars it shows one bar, but in minute bars I can see three equal lows and if I am short already, these lows are an exit for me. Or this can show confirmed pivot low and possible pivot low, and if there was another pivot low earlier, there is possible triple low which stops me from taking more shorts and if close to Swing average or volume divergence, gives me a signal going other way. Also, to me range bars has risk that I feel uncomfortable. Yes, I have back tested few years ago, I like the systems I use for crude oil and now all automated.

Am just too old and tired of trying what other people are doing, I just do what works for me.

 

[Handle123]

Thursday was interesting day as their were many areas that gave signals, but cause of either volume was wrong or price patterns were wrong, bypassed on trades, some trades would have worked out and others not, so rather side on not taking the trades and trade less. Not enough hours in a day sometimes.

Someone PM'ed me asking if I was going to start a blog, no, am not a vendor, no money in writing books, not enough money to have to show up each day to give chats, signal calls or discuss much of anything. I believe trading can not be taught but mentors can show direction. Those who can trade = trade.

 

[Handle123]

Calling it a week. Risk too great on few signals and no retrace, not going to risk nearly twice as much as that would be length of a wave so would be buying at top of wave and way too often this retraces. Have to use common sense, it be like buying the sticker price on a car when you know they going to reduce it. You have to trade smart. All comes down to how you back tested your method. Only couple full winners, but only need a couple of them.

Jas hope you are better and recover soon.

 

[Redneck]

Morning J,

Been more than a week since you last traded

If you plan on dipping your toe back in via SIM-ing..., perfect

If you plan on dipping your toe back in via jumping straight away into the deep end - be mindful it fraught with predators

Use today to appropriately prepare yourself

=======================


Mkt's environment / behavior didn't change last week - no reason to think otherwise heading into this week


RN

 

[jas_in_hbca]

Thanks Handle, thanks RN.

Traded Sim last Friday for a loss. Still wasn't feeling 100%.

Feeling better this weekend and did some review. Got a bit more review to do. Plan on trading tomorrow. Been visualizing the patience and set ups i'll be looking for.

Slept a lot last week.

jas

 

[Handle123]

Days like today where not getting signals, can't let brain tell me there are signals when there aren't too many. Today was day of patience, have to be happy of dinking out ticks and not losing.

Starbuck time.

 

[jas_in_hbca]

Uneventful, slow, range markets. Lost a few points in NQ , no CL trades.

Patience should be the norm for me now so it's not worth mentioning I had good patience. I did my job today.

 

[Handle123]

Uneventful, slow, range markets. Lost a few points in NQ , no CL trades.

Patience should be the norm for me now so it's not worth mentioning I had good patience. I did my job today.

You are certainly showing the skills you have developed with guidance from RN. Good traders are seldom noticed dealing with patience, but it is tough to sit and wait. It is like fishing, you can't dive in a force fish to take the worm, same with trading-have to sit and wait for a good bite.

Way to go Jas.