Hi all,
Thank you for chance to join here.

So after a while here, reading a lot. Here I am starting my own Journal. Why I am I doing it ? Well this job, even I love it, it's kind a lonely and never the less, I could use different point of view or idea of course. So any comments, opinions, questions are welcome.

Litlle be of my story. I have started or better to say smell it about futures, back in 2003-4. and like most, was no different with me. first money I threw into a hole called trading company. Don't get me wrong here. It was only and only my fould, I tought, someone will make me money without work. So first lesson, done then few months of backtesting, papertrading and here I was opening live account, beeing a "trader" or I tought I ll be well you can guess the end... ..account emptied. But I didnt give it up. I knew one day Ill come back. This is the way I want go become a succesfull trader. Here is my system, which I will start to trade next month.

Trading rules divergences FDAX:


Trades and signal on 5min. chart.
Trading only from 9-12 monday-friday
RSI is set to 14,
5 min chart EMA 14, which must be crosed with price to take signal
60 min chart EMA 14 and EMA 78 for trend showing

I am now paper trading this set for 2,5 months. live start will come next month. I will put some screen here later.

here are some screens

Hi to all,

I would like to ask you all, how do you define chop market, or better to say how do you realize chop, what tools you using ? I can see trend, I use 60 min chart and EMA 78 to analyze it, But what if the market goes on side in chanel ?

thanks for any opinion and idea Lu

lu2013 

Hi to all, I would like to ask you all, how do you define chop market Lu

If you can ever define chop correctly for a certain time frame (that means the rest will be trend) then you have found the illusive Holy Grail.

Nice and simple plan. Good luck with your trading.

aligator 

If you can ever define chop correctly for a certain time frame (that means the rest will be trend) then you have found the illusive Holy Grail. Nice and simple plan. Good luck with your trading.

Aligator,
thanks

lu2013 

Hi to all, I would like to ask you all, how do you define chop market, or better to say how do you realize chop, what tools you using ? I can see trend, I use 60 min chart and EMA 78 to analyze it, But what if the market goes on side in chanel ? thanks for any opinion and idea Lu

Top right of every page is "search".

Type in 'chop'. You will see many, many threads discussing this.

Mike

This would be my todays chance