Losing Trades Archive

[Brianharvey]

Brian,

If you don't mind me asking, on the trade3, were you taking the break of the trendline because trend was down for you?

yes.
Also, we had a decent rejection from the highs, and I figured we were gonna test the globex low a 4290 area, or at least get a 'measured move' of teh previous swing from 21-01 which would have taken us to 4292 area.
I was wrong

 

[Handle123]

Hi Handle,

I feel your pain on that one but like the Tom Basso approach re 1 in 1000. Very nice using the calls to hedge your bullish spreads. Let me ask you this, if price hadn't moved down, where would your exit have been? Would you have trailed your stop higher?

Bollinger bands or Tightening of highs and fifteen minutes before market close if below low of previous low. Once position gets to breakeven plus a dime protective stop, it never gets moved, all my testing shows trailing stops hurts bottom line for how I trade.

 

[stillgrinding]

1st trade of the morning. -10 ticks. Mav, you'll probably ask if I reentered,I did. I reshorted at the break of the 7:25 bar,again at the break of the 7:55 bar, and currently in

a short at the break of the 8:10 bar.I didn't place them on the chart as they were not losing trades.
edit out BE+1 on the last short

 

[Maverick1]

1st trade of the morning. -10 ticks. Mav, you'll probably ask if I reentered,I did. I reshorted at the break of the 7:25 bar,again at the break of the 7:55 bar, and currently inView attachment 151053 a short at the break of the 8:10 bar.I didn't place them on the chart as they were not losing trades.
edit out BE+1 on the last short

I like how you kept the loss to a minimum and then carried on calmly. Must have been at least a good 4:1 on the 7:25 trade, very nice.

 

[VPhantom]

Would any of the active traders here be interested in posted chart examples of your losing trades (any timeframe)?

I'm back to experimenting with historical replays right now so the feel's not quite the same, but just to throw in a different kind of flavor, here's one on a setup I'm working on. My initial stop-loss is where I consider the reason for the trade to be invalidated and I never move it against me. Because I like potential turning points, the losers thus tend to be fairly quick.

 

[Maverick1]

I'm back to experimenting with historical replays right now so the feel's not quite the same, but just to throw in a different kind of flavor, here's one on a setup I'm working on. My initial stop-loss is where I consider the reason for the trade to be invalidated and I never move it against me. Because I like potential turning points, the losers thus tend to be fairly quick.

View attachment 151069 View attachment 151071

You a Tim Morge follower? Never understood the rationale for objectively drawing the fork lines.

 

[stillgrinding]

Here's my other loss for today. -23 ticks.

Can I ask why you want to see losing trades? I don't trade everyday, but on the days that I trade, I don't mind showing my losers (keeps me humble)

 

[Turveyd]

I approve of the spin on things very rare, learning to accept losers is sadly part of the process.

No trades yet tomorrow maybe?

 

[Maverick1]

Here's my other loss for today. -23 ticks.View attachment 151079 Can I ask why you want to see losing trades? I don't trade everyday, but on the days that I trade, I don't mind showing my losers (keeps me humble)

I think we learn a great deal from our losers, wouldn't you say? Thanks for sharing some of yours, look forward to others chiming in.

 

[VPhantom]

You a Tim Morge follower? Never understood the rationale for objectively drawing the fork lines.

It's my own blend of Morge/Wyckoff with an eye on Adam H. Grimes, who's very grounded when it comes to avoiding being fooled by randomness. I keep an eye on key levels as well (previous day's high/low and few others) to see how we behave when we get there.

What I've boiled down my vision to, for now, is that the bulk of technical analysis is a mere tool without much meaning in itself, to help one visualize what he already thinks he's seeing from pattern recognition, which comes from experience alone. I contend that one doesn't use most technical tools the same way after a couple thousand hours of screen time than without trading experience, because the tool's more like reading glasses: you need to know how to read first. You can tell when you look at Morge's trades, that he's a good price action reader on a naked chart first and foremost, which is why some people can't always understand why he chooses one tool over another: he already knows what he's looking for without it, and it just gives him a confidence boost to nail more precise entries and realistic targets.

Specifically about median lines, the Andrews median (center) line itself carries the most value, as it literally shows you a hint of where the next swing high/low might be if behavior continues in its most recent state. The parallels are nice to the extent that price often reverses there for a while, especially Modified-Schiff which are really just parallel trend lines with a median. So when I use forks, I use MS when I look for continuation and straight Andrews when I look for a multiple-bottom (or top) reversal, but in both cases that's when I'm already stalking a setup.

Back when I just slapped forks on a chart on meaningless pivots expecting the forks to "tell me where price will go", I got nowhere. Obvious in retrospect. Now, as a hint of where to put my entry limit and exit when things start moving in a way I understand "naked", they're actually helpful.

Sorry this ran long. There's so little talk about that stuff, I got excited.