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With an ES DOM and chart, a trade on with target and stop placed. All done manually although there is supposed to be a way to place it all automatically.
Simplicity is the ultimate sophistication, Leonardo da Vinci
Most people chose unhappiness over uncertainty, Tim Ferris
After my honey do's were done this morning, sat down, opened ES 16,5 and 1M charts with the ichi cloud, since this is a demo account, I don't have the front month for CL so the March ES contract will have to do. Pic is with a trade in progress....keep in mind, not really looking to make money here, just testing stuff out. I'll move the making money part next week.
Simplicity is the ultimate sophistication, Leonardo da Vinci
Most people chose unhappiness over uncertainty, Tim Ferris
Interesting that you are exploring Ichimoku indicator.
Ichimoku is mostly used by Forex traders and with MT4 platform - but Manesh Patel uses it for all markets
There are several good MT4 (and now MT5) tools available for free - see Ichimoku Dashboard, and Ichi360
I first found Ichimoku on Forextestor. This is a very good product for a very reasonable price with good daily historical data available for free. I wrote some backtesting strategies for it.
Then I went to Sierra Charts, which Big Mike uses too. Ichimoku is also there only you need to access the 5 lines as seperate indicators and create what is called a Study. Sierra Charts has a 1 month demo, but this is not enough time to really get to know it. I developed some backtesting strategies using Sierra Chart spreadsheets if you want me to send you these files.
I found I needed to use at least 4H or daily charts, so I put Ichimoku aside. U seem to be able to make anything work, so I will be interested in your journey with Ichimoku.
I do not work for either Forextestor or Sierra Charts, just impressed with both.
...finally got around to catching up with old friends...love the new insight.
Once again, we are on some sort of Parallel Journey... I too have increased my targets, albeit a bit larger. I am shooting
for 20 now with a small opening for more gain. I pull up tight to +18. I have a problem with missing big, hard moves and
this at least gives me shot to make my nut in one trade if price just plows right through my 20.
I haven't changed my charts in months... Just trying to figure out the best RR for me.
I'm still using stupid tight initial stops and not moving to BE until price moves well away.
I joined just today and started reading the Journals and I came across your first journal thread which lead me to your second one here.
You had a real humble beginning when you were talking about learning to trade "small accounts" with only few thousands.
I time travel and am reading your second Journal that you are still continuing many years after your first entry. I am inspired by your determination and commitment of being a better trader after all this time.
I am curious How are you doing now? Is your account still small or has it bloomed to something you are proud of? You must have gone through so much over the years and learned a lot. Are you very consistent and consider yourself knowledgeable and experienced enough to be rid of all fears about trading?
Thanks and good luck! I will keep reading your journal entries to come!
I actually have three journals here on the forum, one in the elite section I no longer post in and two in this section. Thank you for reading. I hope they have helped in some small way.
I am doing well. I stopped talking about the small account in the last thread. My conclusion was that a beginner trader would not be able to take a small account and earn a living with it. However an experienced trader can. This thread is more about the mental aspects of the trading journey, hence the use of the term "Chronicles". I feel the mental aspect of the journey is far more important than any set up or method. In reviewing my threads, I often realize the many different set ups I used all had some really good aspects to them, it was my mental deficiencies that prevented them being effective.
I consider my self somewhat consistent, much more knowledgeable and experienced but doubt I will ever be rid of ALL fears about trading. If a trader reaches that point, I suspect they will be dead.
Simplicity is the ultimate sophistication, Leonardo da Vinci
Most people chose unhappiness over uncertainty, Tim Ferris