Quote from jack hershey:
I left the limit orders, etc on the chart.
The reversal short came at the FTT of the long. Why stay sidelined as you did on peaking volume.
even a traditional PA only type trader would have gone short on the BO of the long RTL. You sat through that as well.
You traded what the CW calls a failure to Breakout (a bad timing conclusion on their part). Another name for your entry to limit trade is the non-dominant long move of a short trend. (point 2 to point 3 in my parlance.)
If you have a long FTT showing why would you put limit orders on the other side (far side and beyond) of the "smart money "wall" on the DOM. Trading is NOT going past the unfilled limit orders of smart money.
You wind up NOT reversing ALL your contracts @ point 3 of the short.(Where and at the time the RTL for the short is drawn). I do not think you know making money on the last move of a trend is just "money in the bank." As that move occurred you just sat there giving up profits until they were gone and you used a "stop" to have an arbitrary CW based "wash" or B/E trade. Then you relieved your tension and anxiety by saying you quit for the day.
Five contracts is what you trade. You made 300 plus bucks with 3 contracts and spend most of the market time on the sidelines. Then you only ventured into the market thinking something long might happen after a long trend on that fractal was done and finished. You MUST move to a "neutral bias" at some point.
What harm is done by annotating volume a leading indicator of price and annotating price a trailing indicator of volume?
I believe it is the easist way to break the up/down habit you have and gain a left/right habit. The switch that occurs is that you convert from 3 pairs of moves to two triads of moves AND you get to see every trend beginning andending as it actually occurs (And not on BO of RTL's as CW thinking does belatedly).
You could have pulled in enough profits to do what nodoji or RN can't do (ADD CONTRACTS).
Making money in trading is NOT about what is chatted about in this thread as games and poens. Making money comes down to one thing: being a power trader by adding contracts based singly on your earned profits attained by using a simple routine over and over.
Look at this number series:
1, 2, 3, 4, 5, 6, 7, 8. What is so clear? (The obvious that is not obvious)
Initially, you have to double your capital to add a contract and that NEVER is true again for the rest of your life.
The power trader has one goal: add one more contract.
Look at this series: 220, 221, 222, 223, 224.
Your trades with those number of contracts would have caused you to skip ahead several contracts at a time if you were trading FTT to FTT or point to point AND KNOWING THAT YOU KNEW WHERE YOU WERE ALL OF THE TIME.
At some point a trader cannot use stops. He is too big for that. Can you read a poster's comments and find out if his trading is too big to use stops. Can you go back in his posting history and find out where he made changes in his trading style to accomodate size? Can you read the posts of supposed traders who are stuck where they are? Do you see which posters do not have exponentially increasing P and L's?
For yourself, what do your posted charts represent. I'm glad you are passing others in not fearing to post charts and trades. We went through the period of posting charts, prints and logs here. Of course, photoshopping was the pitch of the frenzy that occurred back then.
Wouldn't it be fun to see a thread where someone was in the market, taking the market's offer, and applying his profits to trade the number of contracts he earned the right to trade? Probably not. It would provide a context for posters to criticize others who can't hack it.
I liked the days when the chat rooms were live calling among the participants.