The ER2 Trading Journal

Quote from ozzy:

Careful.

I would not be suprised if it snapped back to close at ORH (60M HIGH). I made my 10 points today time to reduce risk.

P.S I would wait for a good signal ie 1-2-3. Instead of trying to nail every single move.
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I think this WAS a quick 1-2-3 reversal.
 

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Trade4

Yes seemed like a 123 from my screen as well. I dont use the colorful screens and I try not to anticipate too much. I buy the turn, rather than the setup.

Heres a couple of my charts

First one shows the Esignal indicator $add. Works well for me on a chart with 3 min candles as I am not scalping, but looking for 2 to 5 points.
 

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Quote from majeasy 1:

trade 4

your entries look great,

paper trade or backtest it, i don't want to be responsible for you losing any money....

i got to check my linear regression moving average now to see if it plots the same way as yours
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majeasy,

The regression channel nailed the top and bottom. I was puzzled by the TA indicators and the price action. I knew 694 was the resistence, but the price won't go down, meanwhile almost all TA indicators indicated to sell or go down. Regression channel said sell at 694, but the price hangs near 694 for so long, finally longs gave up.

Also around 694, the ST MACD lines crossed the LT MACD lines, it has been the sell/short in most cases. Trust the TA indicators and forget about the price :D
 

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Heres my ER chart with 5 min candles. If you refer back to the vol, you can see that it (along with a few other data points) got you short on the next bar down, which is good enough for my little enterprise. Risk 1 pt on this one.
 

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Quote from steve46:

Trade4

Yes seemed like a 123 from my screen as well. I dont use the colorful screens and I try not to anticipate too much. I buy the turn, rather than the setup.

Heres a couple of my charts

First one shows the Esignal indicator $add. Works well for me on a chart with 3 min candles as I am not scalping, but looking for 2 to 5 points.
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Thanks, very nice.
 
Thanks. Two things to mention. First you picked a top, which is hard to do. So you are seeing the market pretty good.


and two, you are getting in early, which is good (as long as you control risk properly).


Most folks here (the ones who actually pull the trigger) are late to the party and pay the price by getting flushed out. Some can get the position on, but take profits prematurely. Either way you have a prob keeping your account funded. Good job today.

Steve
 
Hi Trade4,

Couple Q's
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1) What parameters are you using for the regression channel and how'd ya get it blue and white like that.

2) Any reason for choosing 667 TICK and what minute T/F is that equivalent to (approx).

Thanks in Advance.

ozzy
 
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