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Price Action Journal V1.5
- Thread starter TraderKaizen
- Start date
Anek just posted his last post on the ES journal. I think many of us are aspired by his works. I am confident with the clues he left behind as well as the contributions of threads like this, we can all succeed if we persevere.
Some of you here have already gone past the learning stage and are consistently taking profits, to you congratulations! Toucan, TraderTx, mccullek, BoyBrutus, and others, thanks for sharing your thoughts in this thread.
I am currently working and only trading the first 1.5 hours of the day and hope to transition to full time in the next six months. With that said, 1 trade today for 2 ticks... could have taken at least 6 if I exited limit order instead of market order.
Cheers
JW
Some of you here have already gone past the learning stage and are consistently taking profits, to you congratulations! Toucan, TraderTx, mccullek, BoyBrutus, and others, thanks for sharing your thoughts in this thread.
I am currently working and only trading the first 1.5 hours of the day and hope to transition to full time in the next six months. With that said, 1 trade today for 2 ticks... could have taken at least 6 if I exited limit order instead of market order.
Cheers
JW
I just got ninja setup in addition to my old PF charts to follow on Anek's approach.
Can anyone post the code for the indicators/markers on the last Anek chart please?. Basically the OR markers and the 3 bar reversal up down arrows. Those visual shortcuts make execution easier I think and help to not miss obvious stuff due to tiredom.
I think Anek left behind a treasure of approach and knowledge. I'm trying to learn those longer trend catching moves.
Can anyone post the code for the indicators/markers on the last Anek chart please?. Basically the OR markers and the 3 bar reversal up down arrows. Those visual shortcuts make execution easier I think and help to not miss obvious stuff due to tiredom.
I think Anek left behind a treasure of approach and knowledge. I'm trying to learn those longer trend catching moves.
yesterday's chart and farewell chart from Anekdoten.
http://www.elitetrader.com/vb/attachment.php?s=&postid=2089100
http://www.elitetrader.com/vb/attachment.php?s=&postid=2089100
Quote from shakira:
I just got ninja setup in addition to my old PF charts to follow on Anek's approach.
Can anyone post the code for the indicators/markers on the last Anek chart please?. Basically the OR markers and the 3 bar reversal up down arrows. Those visual shortcuts make execution easier I think and help to not miss obvious stuff due to tiredom.
I think Anek left behind a treasure of approach and knowledge. I'm trying to learn those longer trend catching moves.
Shakira
Here you go
http://www.elitetrader.com/vb/attachment.php?s=&postid=1631811
I just got NT up too. There's some more indicator in the Anek summary doc that was posted earlier. It's in the back pages.
Wish I was trading right now instead of at work...
cheers
JW
Quote from jfw215:
Shakira
Here you go
http://www.elitetrader.com/vb/attachment.php?s=&postid=1631811
I just got NT up too. There's some more indicator in the Anek summary doc that was posted earlier. It's in the back pages.
Wish I was trading right now instead of at work...
cheers
JW
Jw, thanks for posting, was also looking for these indicators. I'm new to this thread, do you have a link to the logic behind these bars, looks good. Thanks.
Quote from Sharp2be:
Jw, thanks for posting, was also looking for these indicators. I'm new to this thread, do you have a link to the logic behind these bars, looks good. Thanks.
Sharp
I don't have the logic for it. C# a little bit harder to decode than EL. 3br is basically you want a low bar, high bar, and lower low bar. then wait for magic tick and pull the trigger at the 50% of the 3rd bar limit order (from Stealth trader). It's all in the AHG thread, check here
http://www.elitetrader.com/vb/showt...=99283&perpage=6&highlight=ahg&pagenumber=727
Hope that helps
JW
I tried something a little different today. I moved down from a 770 tick to a 500 tick chart. My reasoning was that I was having a money management issue with the recent volatility. I was having to use a larger stop, and even though I was having more winning trades than losing trades, I was losing too much on my losers and really watering down my profits. I'm averaging better than 2.5 winners for every loser with my scalp and run technique, but when I was wrong, I was giving back too much.
By moving to the 500 tick chart, I was able to trade with much smaller stops. That was my goal and reasoning for trying the smaller tick chart, so I could reduce the size of my stops. I'm not ready to say I'm sold on this idea yet, but the results were pretty good today. I never really caught any good runners, but still had 9 trades, and 9 winners, taking a total of 42 ticks or +10.5 points.
The red/green arrows are the entry and exits, while the larger blue or red arrows indicate the entry and direction. Blue arrows point to long trades, red arrows point to short trades. I traded about 2 hours in the morning, and about 15 mintues in the afternoon. My last short trade was the best entry all day, and I should have hung on, but I had a nice profit, so I just covered and closed up for the day.
I will try the 500 tick charts again next week if I have time to trade. I've got some business issues I have to attend to next week, so not sure I'll even get to trade next week. Hope everyone had a good week!
By moving to the 500 tick chart, I was able to trade with much smaller stops. That was my goal and reasoning for trying the smaller tick chart, so I could reduce the size of my stops. I'm not ready to say I'm sold on this idea yet, but the results were pretty good today. I never really caught any good runners, but still had 9 trades, and 9 winners, taking a total of 42 ticks or +10.5 points.
The red/green arrows are the entry and exits, while the larger blue or red arrows indicate the entry and direction. Blue arrows point to long trades, red arrows point to short trades. I traded about 2 hours in the morning, and about 15 mintues in the afternoon. My last short trade was the best entry all day, and I should have hung on, but I had a nice profit, so I just covered and closed up for the day.
I will try the 500 tick charts again next week if I have time to trade. I've got some business issues I have to attend to next week, so not sure I'll even get to trade next week. Hope everyone had a good week!