Rewind Back 15 Years

[padutrader]

not perhaps, say, buying into a lower low?

i labelled the down move as a corrective move and bought into it:but i never buy the bottom or sell the top, like so many ETians apparently allegedly do.

so i am prepared for a little drawdown [loss unbooked].....and also why i only keep a mental stop.

 

[wrbtrader]

i use only one indicator but i rely upon market structure also

doji is not an indicator

and i am not using rsi for trading: just keeping an eye on it to see if it may add something,which i doubt.
i do focus more on market structure and my basic strategy is extremely simple: What goes up, will continue up after a rest

I didn't say Doji was an indicator. In contrast, I referred to it as Japanese Candlestick Analysis.

Regardless, my point is this...if you're truly rewinding back to the way you traded 15 years ago in which you were profitable...

Did you in fact use the RSI indicator and were you using Japanese Candlestick Analysis ???

Also, if you in fact are focus on "market structure"...do you plan to talk about that in this journal beyond just saying I use market structure ???

wrbtrader

 

[padutrader]

So was it the day trading or was it Al Brooks's book(s) that led to your undoing?

i was trying to scalp and that i could never get the hang of it even after 12 years:i still day trade but i swing.

nothing wrong with Al's book-as is the case with all books- but i just could not put it into practice

 

[Frederick Foresight]

i labelled the down move as a corrective move and bought into it:but i never buy the bottom or sell the top, like so many ETians apparently allegedly do.

so i am prepared for a little drawdown [loss unbooked].....and also why i only keep a mental stop.

If the trade worked our as planned, then why did you call it a mistake?

Long trade eurusd...long at the blue arrow....stupid mistake buying above a doji.

 

[padutrader]

do you plan to talk about that in this journal beyond just saying I use market structure ???

to explain, what i learnt about market structure and the movement which defines it, over a

period of 25 years of experience is beyond the scope of this journal and i have no intention to

write a book

 

[padutrader]

f the trade worked our as planned, then why did you call it a mistake?

the trade went well but the entry could have been better: but then in hindsight every entry / exit could have been better

 

[Scataphagos]

i was trying to scalp and that i could never get the hang of it even after 12 years:i still day trade but i swing.

nothing wrong with Al's book-as is the case with all books- but i just could not put it into practice

I've heard the Al Brooks name, but know nothing about his method. Is it primarily for scalping?

 

[wrbtrader]

to explain, what i learnt about market structure and the movement which defines it, over a

period of 25 years of experience is beyond the scope of this journal and i have no intention to

write a book

Regardless, my point is this...if you're truly rewinding back to the way you traded 15 years ago in which you were profitable...

Did you in fact use the RSI indicator and were you using Japanese Candlestick Analysis ???

wrbtrader

 

[padutrader]

Regardless, my point is this...if you're truly rewinding back to the way you traded 15 years ago in which you were profitable...

Did you in fact use the RSI indicator and were you using Japanese Candlestick Analysis ???

wrbtrader

i used 5 moving averages and candle sticks in those days...not rsi

 

[RedDuke]

I back tested MAs over various products and time frames, there is no edge, you will loose over certain period of time.