Quote from The Oracle:
JH..if u are going to post charts..then please post as requested..showing the trade details such as entry..stop if u have one..and profit target..if u have one
u can then take questions from others on same..and elaborate if u so desire
it is no good posting a chart..or trading results..unless they match up..and also note the broker u are using..if it is not obvious
here is a sample which i think i may have posted earlier..to help u along..and if u have any questions..feel free to ask and TO will answer same..providing u are not posting rubbish about nothing
a simple request..requires a simple response
TO
Thank you for your comments on my chart.
The next post you will make will not meet the requirements you just assigned to me.
As you see both volume and price have snippits from libraries. I just thought I would introduce what a clean chart looks like to me.
My strong orientation is to exits and the signals that are automated on my chart which point out the relevant signals for exits.
you mentioned three things that interest you at the stage of trading you have gotten to:
Entry:
Stops:
Targets:
As the chart shows, I am in the market all the time. I will enter short on OPEN next Monday within 15 to 20 seconds of the open. If the short ends on bar 1, so will my hold. At that point, I will execute a reversal composed of what you call an exit and a simultaneous entry. It will show on ten separate fill lists (as a sequence of partial fills in the FIFO order of the "chicken feed " limit orders made market orders as my market order is hitting the market) since I am trading 10 accounts all linked to a primary account.
I do not use stops because they do not work (see description above). I trade with too much "size".
I have one target: to carve the turn at the end of each trend segment. As my chart shows I have automated non price non volume values as snippets automatically calc'ed and processed anf continually displayed. they show up to two or three bars before the End Effect of the segment. As you stated, you cannot "read" my charts as yet. The sample you showed does not have a system for this approach. If you expect a specific annotation, please post a code that I can transfer to my back up system.
To summarize.
The posted chart had a trade end, as usual everyday, jsut as the margin switch from TRH's to non RTH's. I go flat optimally on the bar 78. Count back from bar 81 the last bar.
As shown, the market is "in" the last move of the short that ended the day; BUT the last move will certainly carryover into the open. I will enter with a market order @ the open on bar 1 on Monday.
The first chart I posted here comes from a well known vendor. several of the unique snippets in that vendor's library got there from info we supplied to the vendor. I use but do not trade an IB associated with that vendors Universe of IB's. I was called this week by the WSJ to answers Q's about that IB. The WSJ intruded on my platform illegally; that will not happen again.
ET rules do not permit me or others here to advertize for specific vendors as I understand it.
I expected polite Q's about my library of snippets as a warm up drill. As you see the only Q's were not studious but at least they represented some vocabulary associated with the snippets. Obviously this person is in anguish about one facet of trading. He is intent of finding a shortcut. there are none and it takes at least a month to learn to trade wisely and skillfully.
