Yea.. thanks.. You should provide that graph weekly..
Hope that trend continues...
--MIKE
Hope that trend continues...
--MIKE
The Dawg Pound
- Thread starter dawg
- Start date
dawg,
Well done, man. Good to see someone doing alright around here. I hope your success continues. Jack should hire you as a translator.
FRuiTY
"doc you using the whole fist?"
-fletch
that best describes today's trading for me. these are the kind of days that can just kill you trying to trade this method...unless you can recognize the chop factor.
1. rocket fail --->macd xo reversal
10:15 s(21.05, 20.18) macd hist -0.53
this doesn't setup on the next bar and 10:25 bar is an icreasing vol reversal bar was looking for macd xo/channel break.
10:30 macd xo and channel bo long at 876.50. 10:40, 10:45 vol decreases sig. and 10:50 bar exit @ 874.25.
long @ 867.50
sell @ 874.25 -2.25
day: -2.25 14 days: 32.50
2. rocket
11:25 s(85.71, 78.36) macd hist 0.48
enter @ 878.25 held until 12:00 bar where macd xo, channel bo and stoch lkeaves zone. exit @ 877.25
long 878.25
sell @ 877.25 -1.00
day: -3.25 14 days: 31.50
3. short rocket
1:55 s(0.00, 18.73) macd hist -0.41
short on break lower @ 873.25...next bear is an icnreasing volume, bullish engulf exit when it's high is taken out 875.75....normally when we are so close to the low of day and the previous day's low i will wait for them to be broken, but on the down move vol was picking up and bars had nice price expansion...doh!
short @ 873.25
cover @ 875.75 -2.50
day: -5.75 14 days: +29.75
at this point i was going to wait for the market to break the afternoon channel before entering any new trades....yeah wished i would have recognized that earlier. today was my worst point day trading so far.
anyone have any thoughts on what clues there were to have a channel/chop that we experienced?
weekly and 14 day wrap up:
week:
15 trades
6 winners
(4.25, 8.5, 0.5, 1.25, 1.00, 7.75)
8 losers
(2.00, 0.75, 1.25, 2.25, 0.75, 2.25, 1.00, 2.50)
1 flat
total gain : +10.25
14 days:
38 trades
16 winners (3 largest: 8.50, 8.00, 7.75)
19 losers (3 largest: 3.50, 3.00, 2.50)
3 flats
total gain: +29.75
-fletch
that best describes today's trading for me. these are the kind of days that can just kill you trying to trade this method...unless you can recognize the chop factor.
1. rocket fail --->macd xo reversal
10:15 s(21.05, 20.18) macd hist -0.53
this doesn't setup on the next bar and 10:25 bar is an icreasing vol reversal bar was looking for macd xo/channel break.
10:30 macd xo and channel bo long at 876.50. 10:40, 10:45 vol decreases sig. and 10:50 bar exit @ 874.25.
long @ 867.50
sell @ 874.25 -2.25
day: -2.25 14 days: 32.50
2. rocket
11:25 s(85.71, 78.36) macd hist 0.48
enter @ 878.25 held until 12:00 bar where macd xo, channel bo and stoch lkeaves zone. exit @ 877.25
long 878.25
sell @ 877.25 -1.00
day: -3.25 14 days: 31.50
3. short rocket
1:55 s(0.00, 18.73) macd hist -0.41
short on break lower @ 873.25...next bear is an icnreasing volume, bullish engulf exit when it's high is taken out 875.75....normally when we are so close to the low of day and the previous day's low i will wait for them to be broken, but on the down move vol was picking up and bars had nice price expansion...doh!
short @ 873.25
cover @ 875.75 -2.50
day: -5.75 14 days: +29.75
at this point i was going to wait for the market to break the afternoon channel before entering any new trades....yeah wished i would have recognized that earlier. today was my worst point day trading so far.
anyone have any thoughts on what clues there were to have a channel/chop that we experienced?
weekly and 14 day wrap up:
week:
15 trades
6 winners
(4.25, 8.5, 0.5, 1.25, 1.00, 7.75)
8 losers
(2.00, 0.75, 1.25, 2.25, 0.75, 2.25, 1.00, 2.50)
1 flat
total gain : +10.25
14 days:
38 trades
16 winners (3 largest: 8.50, 8.00, 7.75)
19 losers (3 largest: 3.50, 3.00, 2.50)
3 flats
total gain: +29.75
Dawg...
No matter what your system or entry is... as long as you keep your losses much smaller than your gains you will survive...
Even if your system was truly 50/50.. just focus on the exit.. and make sure you always take those 1-2 point losses.. and manage to take 5+ point profits... the rate and efficiency that you do this will determine your success.
--MIKE
No matter what your system or entry is... as long as you keep your losses much smaller than your gains you will survive...
Even if your system was truly 50/50.. just focus on the exit.. and make sure you always take those 1-2 point losses.. and manage to take 5+ point profits... the rate and efficiency that you do this will determine your success.
--MIKE
