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Search: Posts Made By: bobwest
Forum: Trading Journals July 8th, 2018, 09:09 AM
Replies: 162
Views: 20,344
Posted By bobwest
Of course, you have to decide based on your own...

Of course, you have to decide based on your own judgment, and it's entirely your choice.

With that said, people join as Elite because they see value in being part of this community and they want...
Forum: Trading Journals July 5th, 2018, 12:19 PM
Replies: 162
Views: 20,344
Posted By bobwest
I was actually thinking in terms of any activity...

I was actually thinking in terms of any activity that requires skill more than abstract knowledge. Many things actually fit that description: any sport, and also playing any musical instrument, or...
Forum: Trading Journals July 5th, 2018, 09:44 AM
Replies: 162
Views: 20,344
Posted By bobwest
You're right, and I don't have an answer except...

You're right, and I don't have an answer except to say, get more experience, and find what makes sense to you and what works.

The main thing I would say is that it is a skill more than it is...
Forum: Trading Journals July 5th, 2018, 08:55 AM
Replies: 162
Views: 20,344
Posted By bobwest
Trading. Seriously, meeting the market in...

Trading.

Seriously, meeting the market in real time is completely different from looking at charts in hindsight. There is value in hindsight, but it is not the same. I would put that historical...
Forum: Trading Journals July 4th, 2018, 01:59 PM
Replies: 162
Views: 20,344
Posted By bobwest
OK, here are some thoughts about overnights, and...

OK, here are some thoughts about overnights, and a bit about MA's.

Overnight:

Here is a 30-minute chart of ES for last week, showing the entire session, day and night. You can see that volume...
Forum: Trading Journals June 27th, 2018, 02:39 PM
Replies: 162
Views: 20,344
Posted By bobwest
Very comprehensible. Some suggestions: ...

Very comprehensible.

Some suggestions:

- The most important thing is the explanations of what you did, and your brief descriptions are fine, easily understood. Also, your "self-reflection"...
Forum: Trading Journals June 26th, 2018, 06:52 AM
Replies: 162
Views: 20,344
Posted By bobwest
Well, something happened at some point, but I...

Well, something happened at some point, but I don't know what. The small markers are not the standard for NT. I've never seen this before.

My only suggestion is to create an entirely new chart,...
Forum: Trading Journals June 25th, 2018, 12:54 PM
Replies: 162
Views: 20,344
Posted By bobwest
Good journaling. You cannot change the...

Good journaling.

You cannot change the marker size. I don't think I've seen these very small markers before, and don't know how you got them.... You may have used Zoom In to increase the bar size...
Forum: Trading Journals June 24th, 2018, 08:35 AM
Replies: 162
Views: 20,344
Posted By bobwest
Let me pick the easy ones to respond to first: ...

Let me pick the easy ones to respond to first:

- Screen tool: I don't know joxi so I can't comment. It may be fine. A choice that many like is Jing, which is free:...
Forum: Trading Journals June 23rd, 2018, 08:29 AM
Replies: 162
Views: 20,344
Posted By bobwest
The 90 minute period from the open at 9:30 US...

The 90 minute period from the open at 9:30 US Eastern to 11:00 ET is the most active in ES. The first half hour is usually more so. I couldn't say what trades you should be trying; if you understand...
Forum: Trading Journals June 22nd, 2018, 01:23 PM
Replies: 162
Views: 20,344
Posted By bobwest
Expectancy OK, from the FIO wiki article...

Expectancy

OK, from the FIO wiki article https://nexusfi.com/articles/trading/Expectancy :



So what does this mean? You take your actual win percentage over a period of time ("Probability of...
Forum: Trading Journals June 22nd, 2018, 12:08 PM
Replies: 162
Views: 20,344
Posted By bobwest
Sure. Keep stats. Update them frequently. ...

Sure. Keep stats. Update them frequently.

The more you trade, the better (more reliable) they are.

Bob.
Forum: Trading Journals June 22nd, 2018, 12:05 PM
Replies: 162
Views: 20,344
Posted By bobwest
As to what's important, the answer actually is...

As to what's important, the answer actually is that any and all could be important. When price gets to a possible S/R level, you need do observe what it does, which will tell you what you need to...
Forum: Trading Journals June 22nd, 2018, 07:25 AM
Replies: 162
Views: 20,344
Posted By bobwest
The best advice is to keep it simple. What...

The best advice is to keep it simple.

What Brooks uses is one set of ideas. There are others. People on FIO have used just about every conceivable thing, and, over the years, the same methods have...
Forum: Trading Journals June 21st, 2018, 04:03 PM
Replies: 162
Views: 20,344
Posted By bobwest
You seem to have some basic setups. So, do lots...

You seem to have some basic setups. So, do lots of trades with them. See what worked and what didn't. Fix and repeat.

You can also expand your knowledge base, but there is a danger in getting too...
Forum: Trading Journals June 21st, 2018, 03:52 PM
Replies: 162
Views: 20,344
Posted By bobwest
Well, it's what you asked to have happen when you...

Well, it's what you asked to have happen when you put your stop at that level. Price traded to your stop and out it went. Then price went back down and left you out of the trade.

(Not that anyone...
Forum: Trading Journals June 21st, 2018, 02:46 PM
Replies: 162
Views: 20,344
Posted By bobwest
Do you mean a 5 minute chart? You get to choose....

Do you mean a 5 minute chart? You get to choose. Load up different timeframes or chart types if you want. See what they show you.

Bob.
Forum: Trading Journals June 21st, 2018, 02:32 PM
Replies: 162
Views: 20,344
Posted By bobwest
How many days was that success ratio over? You...

How many days was that success ratio over? You have no idea what your consistent, reliable success ratio is without a whole lot of days over many different market conditions. 60 or 90 days are not...
Forum: Trading Journals June 21st, 2018, 01:55 PM
Replies: 162
Views: 20,344
Posted By bobwest
Right click on chart > select Data Series > under...

Right click on chart > select Data Series > under Time frame set Days to load. It can be a big number.

Bob.
Forum: Trading Journals June 21st, 2018, 11:56 AM
Replies: 162
Views: 20,344
Posted By bobwest
My point is more that your profit target is too...

My point is more that your profit target is too small -- not to decrease the stop, but increase the profit.

You just have to try things out and see what works.

Again, good luck.

Bob.

PS,...
Forum: Trading Journals June 21st, 2018, 11:18 AM
Replies: 162
Views: 20,344
Posted By bobwest
I don't think that Brooks says anywhere to always...

I don't think that Brooks says anywhere to always close your trades after one point profit. If he did, you should wonder why anyone would. I also do not remember that he says to always use a money...
Forum: Trading Journals June 19th, 2018, 11:49 AM
Replies: 162
Views: 20,344
Posted By bobwest
As to how to display and discuss your trades.......

As to how to display and discuss your trades.... It's usually most helpful to just make some comment on each, with reasons, what happened, etc. Plus anything you think will help you later. There are...
Forum: Trading Journals June 19th, 2018, 11:05 AM
Replies: 162
Views: 20,344
Posted By bobwest
These look fine. You may find that you...

These look fine.

You may find that you prefer just doing a summary post with a recap chart most days, rather than for each trade.

A person could make the case either way, of course:
- Pros of...
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