The CL/NQ experiment

For as long as I remember I tried to draw very accurate line.
The following chart show RTH and Globex charts of NQ.
No wonder the market is moving.
Different people will use different charts, different bars (time-wise), different data feeds etc.
One would have to be very specific in the elements chosen for a trading plan.
Ignoring one element may be costly. Including another one could be costly too.
Just thinking.... (people told me to stop doing that) :)

Gabe
 

Attachments

  • NQ 03-14 (30 Min) 2_20_2014 RTH_GLOBEX.jpg
    NQ 03-14 (30 Min) 2_20_2014 RTH_GLOBEX.jpg
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Today's trades.
3 of the 4 losing trades were late entries/chases.
I should have kept the last part of the 1st profitable trade longer.
I also should minimize the losers.
I gave them too much wiggle room.
Still struggling with too much or too little wiggle room.

Gabe
 

Attachments

  • NQ 03-14 (1 Min) 2_20_2014 Trades W&B.jpg
    NQ 03-14 (1 Min) 2_20_2014 Trades W&B.jpg
    502.1 KB · Views: 42
  • NQ 03-14 (1 Min) 2_20_2014 Trades B&W.jpg
    NQ 03-14 (1 Min) 2_20_2014 Trades B&W.jpg
    393.7 KB · Views: 28
Gabe2004 said:
Today's trades.
3 of the 4 losing trades were late entries/chases.
I should have kept the last part of the 1st profitable trade longer.
I also should minimize the losers.
I gave them too much wiggle room.
Still struggling with too much or too little wiggle room.

Gabe
More...

You gotta learn to recognize chop in real time, or else you will be a market philanthropist.
 
niko said:
You gotta learn to recognize chop in real time, or else you will be a market philanthropist.
More...
I like to think of myself as a liquidity provider :) but you are right Niko.
I am working on it.

Today's trades.

Gabe
 

Attachments

  • NQ 03-14 (1 Min) 2_21_2014 TLs_Trades.jpg
    NQ 03-14 (1 Min) 2_21_2014 TLs_Trades.jpg
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Gabe2004 said:
Today's trades.

Gabe
More...


Your P/L has been doing well in Feb. However, I have observed that you have a tendency to not cut losses. Some times it works out (like your second long today), but I suspect this type of trading has contributed to the enormous 1 day losses in the past (Nov and Jan). Eradicating this tendency may be the low hanging fruit for you.
 
game said:
Your P/L has been doing well in Feb. However, I have observed that you have a tendency to not cut losses. Some times it works out (like your second long today), but I suspect this type of trading has contributed to the enormous 1 day losses in the past (Nov and Jan). Eradicating this tendency may be the low hanging fruit for you.
More...

I call these GOING NUTS DAYS.
It is a big problem of mine and so far I have not found a solution to it but I agree with you that just eliminating these large losing days will get me sailing.

Gabe
 
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