[XDTrader]

Been a good week thus far.

I mean,not Brownsfan good, but......

[bathrobe]

Had a buy at 798 and did not get filled, I will not chase the market so I missed the move. Took a counter trend buy near the end of day while in trade realised it was the end of month and quarter and quickly got out for +.5

[HAL9000]

I have implemented a new indicator during last weekend,
well and now I try to combine it.

So far, I seem to fool myself with it, maybe I take it off again,
maybe I figure it out. At least this should be the last indicator
I have implemented for now.

Now I have to deal with (better: "use"; just to avoid misunderstandings) them.

I hope I will be able to post my results soon, but I think, I have to rework my trading plan first (during the next days).

[86834]

Today was a slow a day, but it's a fine example to carry on from my post the other week on knowing when not to trade.


The first chart here is a 5min chart of ES a couple of hours into the session. One aspect that a lot of new traders seem to do (not saying any in particular, just making a general comment) is they get the whole 'seeing the trees before the forest' syndrome, and get caught up too much in the general price action. The 5min chart here shows exactly the type of trading that you want to stay out of regardless of your style. In situations like this, price can act like a leaf in the wind, and in many cases you'll just get caught out by whip saw. Now even tho it was a slow days, and much of the lower time frames looked like this, there were still some great opportunities today.

Within the first hour we had a nice channel develop on the 15mins (my fav type of trade). Within such areas, as i've said before in my posts you are like to find low momentum and choppy action, such as the 5min chart that i posted above. Now when this channel breaks, then it's a different story, momentum now comes into play and the market has a stronger sense of direction (see second chart) Here you can see the break out (red circle) and retest (blue circle) Now what ever you style is, picking the right areas in the market to play in saves you a lot of pain and heart ache. Relax and go with the flow, you've got pretty much 8hrs to trade, don't trade on the markets terms, trade on your own terms, and one term that should apply to all traders is staying out of the crap.

Today there were some beautiful trades, especially when we broke 800 area and the sell off afterwards, but i'm saving them for my blog. No point in having two exactly the same posts!

Boost!

[brownsfan019]

3-31-09




6B not too friendly today. I will be back my friend.




PS
If you have not voted for this thread (see top of any page) and you post or visit here, please vote. Some new moron that wouldn't have the guts to post here has brought the ranking down again. Apparently watching real traders post real results is depressing to some!

[86834]

ok guys, if you fancy it, it check my blog out as i posted two live trades for today... Hope everyone else is have a good day too

[daedalus]

wash day. made one mistake in the es this morning and bailed on what I thought was a invalid trade I had taken (it turned out it was valid) but not after I had bailed on the position for a -2 tick read... would've paid me a measly +2 ticks but still... tiny mistake is a 50.00 swing in profitability!

[HAL9000]

4-1-09

Today I traded only the setups I like, in other words I followed my not written plan. Somehow I think more in pictures so far. Anyway I have to work on a written plan, I know.

While I wait, I use another simulated simulation account for my more stupid experiments (for the Mr. Hyde in me). At least today it helped me.
Hopefully it stays like today, during the last days and weeks, I just traded losers.

Anyway here is my result for today: