padutrader,
Let get back to business man.
I post some charts for you. Lets talk about the counter trend strength
Give me an example of counter trend strength win or loss trade.
Markup my chart
The Day Trading Thread
- Thread starter MarkBrown
- Start date
Let get back to business man.
I post some charts for you. Lets talk about the counter trend strength
Give me an example of counter trend strength win or loss trade.
Markup my chart
you cannot help anyone they have to help themselves like i have done
i do not need to justify my method....i have my journal to justify it and i screen shot every and all trades..live.
if i explain to some one, can they trade in live market conditions..GS will have them for break fast and then lunch and then tea and dinner.
so since i am shit good bye
every trade has a different reason because .....the day is different...you cannot trade by set ups ........ok i will not blabber...
Every day is different - this is exactly what my tread is talking about, understand what to expect for the day.
If you stopped blabbering for one minute you would have seen that. But you and Delirious want to show your fake statements since you have it down to such a science. All you do is blabber you're the blabber Queen!
padutrader,
Question for you.
When you trade intraday, do you some times make mistakes, like rush trade, bad trade management ,etc.
I find myself making mistakes alot.
What do you do when you make mistakes?
@MarkBrown and @padutrader
Question for you.
When you trade intraday, do you some times make mistakes, like rush trade, bad trade management ,etc.
I find myself making mistakes alot.
What do you do when you make mistakes on entry?
Question for you.
When you trade intraday, do you some times make mistakes, like rush trade, bad trade management ,etc.
I find myself making mistakes alot.
What do you do when you make mistakes on entry?
Give an example of a mistake. Mistakes should not be repeated in trading. If they are being repeated there is generally some larger psychological issue at play.
For example, in April I was setting up two ES systems into two sub-accounts using SierraChart for automation. I mistakenly thought I had done everything correctly, unfortunately I did not and executed 82 trades in 1.4 milliseconds. Lost about $600 in tick loss and commissions. I fixed the issue and will not be committing that mistake again.
I reverse when I make a mistake or exit everything ignoring the loss.
I custom tailored this method for you it is similar to how I trade but using all public available indicators.
10 small tick "Range Bars" with indicators Bollinger Bands 20 Length 2 Deviations contract to .25 range paints blue for contraction. Buy sell arrows directly out of Perry Kaufman's book Smarter Trading Adaptive Moving Average Length 10 just like in the book. The oscillator below based on Robert Barnes Acceleration Principle from his book Trading Choppy Markets.
Idea look for congestion for timing of trade entry, look to oscillator for primary regime direction. Then place trades using system for entry then take profit at position change or reverse at next position trade and exit.
So on that chart you had a:
sell - buy - sell exit > pre market
sell - buy - sell exit
sell - buy - sell exit
sell - buy - sell exit
The idea is you chase direction of momentum coming out of congestion. Keeping in mind what the overall market direction currently is.
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Hello They,
I am a support and resistance breakout, momentum, or reversal trader. Basically, I read and react around a support or resistance. But sometimes since I trade the 3 minutes chart, I have to be extremely focus on the price actions. I do not like indicators, just a 20 ema. I use daily pivots, OHLC daily, and levels I see.
The first blue arrow, I mistakenly (impatiently) entered short expecting price to break yesterday low and pivot s1. I am suppose to wait for full breakout (red bar) of this level before entry.
I did not, I realized it and exited for a $50 loss.
What is happen lately is these little mistakes is eating too my overall profits.
I need to be more patience and avoid mistakes and I believe my trading can improve.