Mr Subliminal's Remote Trading Journal

Congratulations on sticking to your plan. It's always tough to walk away from a losing day since you want to take just one more trade to see if you can reverse the tide.

Have a nice weekend, come back to the markets refreshed on Monday.
 
Originally posted by Mr Subliminal
Following is the first draft of a bare bones trading plan for the ES....Entry, in the direction of the short term (5m) trend, should be taken when there is indication of a continuation of the trend as per the SOMP indicator. In non-trending periods, use SOMP to selectively play the ranges.
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Mr Sub,

I'll probably sound like Homer Simpson asking this :D but what exactly is the SOMP indicator? Your humble servant....
 
If SOMP works well it should yield a high Trade Point accumulation over time IMO. But you have to know what you're dooing.:)
 
To allow myself more discretion setting stops according to prevailing market conditions, please note that rule 6 in Trading Rules is hereby altered to :

6. The maximum stop loss is 3 points and the minimum profit target is 1 point. Actual stop loss, l, and actual profit target, p, are predetermined, discretionary and dependent on prevailing market conditions. In any event, MCS*l should not be greater than Equity*3%.
 
Today I wanted to focus on improved timing vis-a-vis my entries and exits, and after a shaky start I managed to find some rhythm. Once this is mastered, I intend moving on to the fusion of trendless scalping with a longer holding period of a trending market. I'm still debating whether a couple of minor breaches of my morning plan (first and last trade) are enough to warrant a bit of disciplining at the hands of Madame Carlotta, my good friend and dominatrix.

+3.0 pts / 10 RT / 1 ct
 

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Originally posted by rs7
You a free man?
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Free man? I'm currently dragging a ball and chain from my left foot while being whipped and trampled on. (Enough Carlotta, I promise not to try fading a strong up move in the S&P's again :) :D :p)
 
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