Price Action Journal V1.5

Quote from flaborderie:


.....as I get experience, I see more entries, and take them, but I was doing better trading less frequently. I probably should be filtering, but I don't see how
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you might consider trying a slower chart. I have been using a 10,000 vol with a 100,000 anchor (ES). I have found that I take fewer trades than I have in the past, but the setup are more reliable. I am not against trader using fast charts, but I get too caught up in the "noise" that they produce. More experience traders can filter this out...I am not one of them. check out a 1500 vol with a 15,000 anchor

Quote from flaborderie:



- I try to keep my stop small, placing them just at the previous swing. But still I find that they are not so small (typically 4 NQ points), and they are hit way too often. And I find reentry difficult.
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i think we all struggle with this....the only thing i can suggest is to get a better entry. This will mean that some of your limits aren't filled...but that isn't always a bad thing.

Quote from flaborderie:


What do you suggest I should do ?
I have re-read Anek's blog, and will now start reviewing my past trades and do more replay. I am thinking also to join the AHG chat room. Anything else you would think off ?
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Save every one of your charts...study them obsessively....post your charts here, be open to criticism and suggests.

I am trying to become a more responsible trader. I have found that posting my charts in this forum and trading live in the chat room has helped me tremendously. You think twice about placing a trade when you know everyone in the journal is going to see it :eek:

...join the chat room. Participate actively in this journal...there are a lot of good traders/people that can offer constructive advice.
 
Quote from Floyd Roberts:

Whatever happened to TraderKaizen, the person who started this thread? He hasn't posted any messages since August.
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Apparently he just wanted to get the conversation rolling so he could benefit from the discussions and not necessarily participate.

TV
 
Quote from The Voyager:

Apparently he just wanted to get the conversation rolling so he could benefit from the discussions and not necessarily participate.

TV
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Apparently so. I find that the more I share the more I stay focused and on track. I hope he and everyone else reading this thread continues to contribute.

Cheers

JW
 
Quote from andas:

3 trades - 3 losers
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Hey Andas,

Regarding your last two trades, you were right but stopped out. I think you went short on a close of triangle breakout. Do you typically enter there or maybe wait for pullback?

Thanks

JW
 
I never use limit orders for entry. If you're right on the direction and not micro-scalping then a couple of ticks on the entry isn't going to make a difference. Even one time where you don't get filled and the trade would have gone on to be a big winner makes up for dozens of those couple-of-tick savings.
 
Quote from Specterx:

I never use limit orders for entry. If you're right on the direction and not micro-scalping then a couple of ticks on the entry isn't going to make a difference. Even one time where you don't get filled and the trade would have gone on to be a big winner makes up for dozens of those couple-of-tick savings.
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Spec,

Do you enter via stop order or at the market?

BYF
 
Quote from BuyYourFreedom:

Spec,

Do you enter via stop order or at the market?

BYF
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Generally at market, in certain cases (like brackets) I might use other order types, but I'd say 95% of the time I just use market orders.

The chat room you mentioned, is it just the normal ET chat or something else?
 
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