Welcome to NexusFi: the best trading community on the planet, with over 150,000 members Sign Up Now for Free
Genuine reviews from real traders, not fake reviews from stealth vendors
Quality education from leading professional traders
We are a friendly, helpful, and positive community
We do not tolerate rude behavior, trolling, or vendors advertising in posts
We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community. It's free for basic access, or support us by becoming an Elite Member -- see if you qualify for a discount below.
-- Big Mike, Site Administrator
(If you already have an account, login at the top of the page)
This is the continuation of the last day of the TF test. Replay of 4-1-11
Trade 2
Good PB entry that stalled somewhat
+5
Trade 3
Re-entry of the same trend
+1 BE
To be honest my heart wasn't in it and I just wanted to get the trades in so I could call the test complete.
Up $172 for the day.
Up $410 for the week. I lost some concentration this week and started pushing the envelope of
what I could get away with. Almost bored.
__________________________________________
So that's it.
Two months of replay data testing out a new market for me - the TF
Month 1
Up $1164
40 wins
15 losses
Month 2
Up $3024
75% winning rate
avg win $135
avg loss $91
I proved to myself that I can win with this system.
I want to try one more thing before opening up the coffers again, however.
My system is highly subjective and discretionary. I must be well rested and feeling good, which
being a recording engineer, is rare
I know I can read raw PA now and that is a wonderful base to work from.
I want to look into a system that is a bit more mechanical to help me on the days I'm not
quite feeling up to snuff.
The Felton system is quite intriguing. It is not such a departure for me that I feel llike I'm starting
over and with those wacky colors and dynamics, I feel like I'm working in a cartoon, which is
very entertaining
So I'll give Roger's technique a couple of weeks and see how goes. After a quick comparison
between the two, I'm off to, hopefully, make some cash.
The only thing holding me back now are my emotions. The last hurdle to going pro.
I think I bailed at +8 or +9 on a couple when they lost momentum.
It looks like pure chaos on the range and 5min charts but the line break chart brings calm to
the madness. If I can keep this up, it's a no brainer what system I will use.
I do glance at the other charts for info though... quite handy.
Today started out with a very narrow range. The Felton was giving me fits with the number of signals.
I have to work on screening out some.
I relied mostly on the 6range and 5min charts, as the open was the same old deal in TF. Break one way
then test the other with all the standard PB games in between.
I am taking way too many trades in my opinion, but I'm working it out.
this was the first :42 minutes. Ridicules.
Will continue in a bit...
I need more screen time with this thing, so I will trade until my normal shutdown time of 11am cdt
I just can't stand to trade off signals. The Felton system will have to wait. I can't deal with that many trades.
I like to pick my battles carefully and I just can't see PA through all that stuff.
So here I am. The same place I have returned to for the third time. It must be right for me.
These are the same old charts I have been using. Just trying to hammer out the last few details.
I'll take another week or so to clear my head of my silly excursion and then I'll be ready to start
taking some live trades again.
__________________________________
Replay of 4-6-11
Prior day saw a huge bullish run in the morning followed by a 50% sell off at noon.
Globex saw steady buying all the way to the previous high. Consolidation set in at
530am cdt.
I am allowing myself 1 pre-market trade for a small scalp.
Then my normal 3 trades for regular market hours. I feel this is a great way to get back in the
swing of live trading. I will try to let my winners run and cut my losers short. I may give myself
a couple of Mulligan BE+1'ers. We'll see how it goes.
First day back to "real" trading.
Trade 1 pre-market
Entry on a Winfrey PB +3
Trade 2
A PB entry long after a failed break short. +19
One thing I did gather from Felton is that if you make a decision, get in quick to get as much
of the move as possible. This leaves the stop fairly tight also, although I'm tending to bail
pretty quickly if it doesn't move my way within a minute or so.
Trade 3
This PA seems to happen in the TF quite a bit. A swing one way, then a test in the other direction
at the open. This is why I can usually be out in less than on hour with my profit target.
Price failed three times to break higher. I entered short on the break of support . It gave me
some heat, but it finally gave.
+20
Trade 4
I was wanting to trade this as an inside bar, but I saw something on the 1 minute chart that
I thought would give me a jump. wrong. I have a bad habit of messing around when I get up
big. I must firm up my rules.
-10
up $296
It feels good. I have finally settled on a system. I like to read raw PA as it interacts with MA's and SR.
Almost ready for some game minutes.