[Xiao si]

Originally Posted by SpearPointTrader »

Hello!
My first post here.
I have been day trading using multiple time frames, which allows me to get a better feel for what is going on. I choose my market using the weekly and daily markets, then I focus on the 30, 10 and 3 minute charts for my actual execution.

The thing I think is very important is having definit exit strategies, and the ability to see if a trade is going bad quickly before they become losers and hit stop loss orders.

I'm also using a triple screen system that i've developed. For example, on the DAX i'm using a 68 tick, 168 tick, and a 5 minutes chart.

I'm going to attach my strategy for comment so please feel free to have a look.

Cheers,


XS

[Xiao si]

Hiya folks, just dropping by to give everyone New Years greetings and wish all the best for the year of the Dragon.

I will have a detailed update on my trading business very soon but here are some highlights:

1.) this is very difficult
2.) this is impossible
3.) i feel like i'm starting to get somewhere....
4.) repeat from step 2.)
5.) still have a long ways to go
6.) thank God for simulators!
7.) I hate myself.......
8.) i am my own worst enemy
9.) there is hope, i found a coach!.......

Some things that i realized are understated in this game:
1.) Be patient
2.) You must have a plan for every trade
3.) You must stick to your plan
4.) You cannot do this by yourself, you will need help.
5.) You will try many indicators, systems, theories...but yet the answer lies within more than you think.

Cheers for now.


XS

[Tams]

Originally Posted by Xiao si »

Hiya folks, just dropping by to give everyone New Years greetings and wish all the best for the year of the Dragon.

I will have a detailed update on my trading business very soon but here are some highlights:

1.) this is very difficult
2.) this is impossible
3.) i feel like i'm starting to get somewhere....
4.) repeat from step 2.)
5.) still have a long ways to go
6.) thank God for simulators!
7.) I hate myself.......
8.) i am my own worst enemy
9.) there is hope, i found a coach!.......

Some things that i realized are understated in this game:
1.) Be patient
2.) You must have a plan for every trade
3.) You must stick to your plan
4.) You cannot do this by yourself, you will need help.
5.) You will try many indicators, systems, theories...but yet the answer lies within more than you think.

Cheers for now.


XS

Thanks for the update.

5 years from now, you will say to yourself step #3 again.




no, this is not a discouragement, merely a reality check, so that you can prepare yourself.

Good luck.

[Xiao si]

Thanks Tams, are you a discretionary or mechanical trader?

XS

[Tams]

Originally Posted by Xiao si »

Thanks Tams, are you a discretionary or mechanical trader?

XS

I am a mechanical trader... with a discretionary mind and finger.

[Xiao si]

Tam, do you know any NinjaTrader Programmers in Australia?

Cheers,


XS

[Tams]

Originally Posted by Xiao si »

Tam, do you know any NinjaTrader Programmers in Australia?

Cheers,


XS

no I don't.

you can check the ninja website. They have a section on referrals.

[Xiao si]

Yeah Thanks, been there....