Question for Grob/Hershey...

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Quote from Dell-Boy:

A trend is only as strong as its weakest point.Defining that point is most important..
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Interesting comment -- I've never considered a TL having a weak point, I'll give this some thought. I have noticed that when I have a trend line in place and then have to adjust it for volatility I am less confident that it will become a point of S/R.

Do you trade with channels Jack Hershey style, or just traditional trend lines?
 
My first trade put me in the red and I never recovered the rest of the day. My head definitely wasn't in the game and the result was slow reaction and a lot of bad decisions. At this point I need to do some detailed debriefing to identify what I was missing. I'm also looking forward to the weekend and getting back to reading the old threads as there is quite a bit out there that I haven't got around to reading yet that will certainly be helpful.

Net -3.0
 

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Quote from txuk:

My first trade put me in the red and I never recovered the rest of the day. My head definitely wasn't in the game and the result was slow reaction and a lot of bad decisions. At this point I need to do some detailed debriefing to identify what I was missing. I'm also looking forward to the weekend and getting back to reading the old threads as there is quite a bit out there that I haven't got around to reading yet that will certainly be helpful.

Net -3.0
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Are the entries and exits on bars indicated automatically by software or do you put them there manually? If it's done by software that would be a real time-saver for debriefing. In any case, I like your chart and would like to use something like that with a person I'm helping along. What is the name of the charting software?
 
Quote from txuk:

Interesting comment -- I've never considered a TL having a weak point, I'll give this some thought. I have noticed that when I have a trend line in place and then have to adjust it for volatility I am less confident that it will become a point of S/R.

Do you trade with channels Jack Hershey style, or just traditional trend lines?
More...

What time frame ,(is the answer)
 
Quote from icarus618:

Are the entries and exits on bars indicated automatically by software or do you put them there manually? If it's done by software that would be a real time-saver for debriefing. In any case, I like your chart and would like to use something like that with a person I'm helping along. What is the name of the charting software?
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The chart was generated automatically with tradestation and the report in the lower portion is excel -- I combined the two images with Snagit. (I don't use TS for charting, just trading) For the excel report I created a template so I just cut/paste the data from tradestation and it displays in TD format, then I only have to key in my comments from my log. Let me know if I can help you with either.
 
here's what i did, i was toying around with the fast stoch (except for the last trade)...didn't really like the effect that it had on my perception though.
i don't think i'll be doing it again.

(fast stoch not pictured)
 

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Quote from txuk:

The chart was generated automatically with tradestation and the report in the lower portion is excel -- I combined the two images with Snagit. (I don't use TS for charting, just trading) For the excel report I created a template so I just cut/paste the data from tradestation and it displays in TD format, then I only have to key in my comments from my log. Let me know if I can help you with either.
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Thanks. I'm not familiar with tradestation and I'll look into it. Currently we do the charts by hand and it does get a bit tedious at times but the learning definitely sticks.

I sent you a response to your PM.
 
Quote from easyrider:

You are not paying attention my young friend. You never know if its going to go your way or not. All you can do is look for those situations where your r/r is favorable. You should be entering late and getting out early. Are you doing the trades I recommended? Are you gathering stats? I know there were three yesterday, all good. There were four today, three of which worked and one loser.
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I´m a bad student. :(
My problem is everything can go really good for a week, winning every day in the simulator. Then I have one losing day, and I immediately lose faith in what I´m doing, so the next day I just jump in and out almost randomly. And of course it doesnt work. Then I go back to being patient and trading with a clear strategy and everythings fine for a couple of days and then I lose and feel lost again.... I think one of the reasons is that it´s so easy to get whip-sawed so that even if things are going my way I can get stopped out first if I don´t enter att the exact right place.

I´m gonna try to trade less and do more detailed statistics of my trades.

When I´d thought about what I wrote for a while I kinda guessed you would talk about risk/reward :).
 
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