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@matevisky, thanks for the video link, I will have a look. I agree with your comments about indicators, methods, etc. I just wanted to understand more about your methods. Thanks.
you can also have a look here about some horst (er2wizard) trades. it was a fun thread, but closed now. and of course it's up to you to decide about his credibility
Welcome to my journal. Posting for the world to see, keeps one in tune with oneself. I will be posting videos of my trades to keep my edge sharp, and maybe make a few friends along the way. Any observations are appreciated. We all want …
It is not the method. Really not. The method is always the same. Find a good location to consider to take the trade:
- Double top will be almost the same
- With a 89% fib retracment
- Or with a value area border
- Or with a keltner channel border
- etc...
Wait for a good signal to turn, which will be the same for
- any nice bar pattern, which is turning
- A simple market foot print big order coming in quickly
- or anything else
Be known or familiar, what is the likely move which could be expected:
- Are we trending the same or opposite direction
- how strong was the area
- the reaction
- etc...
Be in the trade, manage the trade only after needed, and take profit....
Simple. All schools same patterns, for different instruments, with different configuration could be work better or worth, I agree with that, but everything is the same... So what you have to know about the system is only the following:
- Trading only after market open on US indexies, in the first 90 mins
- If I am ready with my 20-30 ticks, I am ready, and dont look back
- Trade to take is 3:1 R:R (or 4:1)
And that's it. After that, if you would like to join any training for, you have to figure it out, the guy who is running it is a nice and trustworthy guy for you or not. Are doing doing it in big, or small etc... Your choice. For me it was good, but we are not the same, you are not able to go on the same road what I did, you have to find your own way. Maybe you will have the same questions to ask, and I can help, because I have the experience, but at the end, you always will be alone, so you have to work on yourself alone. And I believe I did write it down, the most important part, is again NOT THE SYSTEM, it is about that is he trying to teach you a system, or is he trying to teach you how to learn to trade, and the system is only a tool.
Easy example, and again there is now good or bad answer:
- Is he have a system wrote it down in 100paged pdf documentation. YES... coool... are you sure it is cool? It is only a system, there will be no soul behind... Maybe it is cool... maybe not
- Oh he doesnt have it, coool, he will explain it too me, YES, coool... sure? maybe he is changing it all the time, hmhmhmhm.... not so cool...
So again... No good or bad, no it is going to work or not, only possibility... Like in trading... You have a freedom to choose Freedom is comes with the a price:P
I read the old journal made by Horst with EMINITUTOR. It started off nicely but then took a different direction. That was many years ago but I ran across his videos and Googled his site for more info/feedback. That's how I ended up finding …
I was trying to speak it about general, and I never said anything about the method is good or bad. I would like to keep it in this way. I made it clear, after Horst I have been tried a lots of thing:
I made some comment on this thread recently ( ), which makes me remind to write this post. So here is my confession list:
- In the begining I paid hungarian company to teach me forex (profit.hu - onsite training). My journy has begin here, it was a …
.
So it is more over about the process to become a great trader, and not who to choose. Also I mentioned before there are a lots of way to become consistence and successfull, but the path is always your path:
Here is a thought, with an example: I hope it is worth to think it over. As all example this is not perfect either.
Everybody is looking for a great trading system is to trade. I mean really everybody, but try to view it with a different angle! How easy …
So kindly ask everyone, do not open here any who is the greatest, what is the best questions. We are not the same, I can share my experience, but you have to decied, what is fit best for you.
You are the only one I know of who is blogging their live trading, so a very big thanks for that!
Could you tell us how many trades did you do in the first month? I assume 4-5 trades per day or so? Also, does the P/L include the broker's fee already?
Here is a report: https://www.dropbox.com/s/j17v0gfs0ifj0tl/TSTLive_tradelog_v4.xlsx?dl=0 P&L is so-so accurate and comossion is included (if you are checking the excel you will see). I am saying so-so because I am doing it manually, only for the demonstration sake, and not because of further and accurate analysis. But the end of the day P&L always with in sync with my @TopstepTrader account ballance.
Answering the question: it was about 85 trade taken in 24 day, so it is 3-4 trade/day. I am in better position right now, because in case of russel 18 trade in 7 days (2-3 trade/day).
edited: PS: The data feed fee is not inculded. It is 85USD/month, have to pay it separatly.
Ugh. I was adding a new timeframe, to fishing. It was not a good idea. Immidietly Overtraded the market. Almost paid my price.
Than, clarity came, made a gift, enter again. I had to, the picture was still very-very nice on higher timeframes. Turned a -600USD to +200USD...
I am proud to the end, and not so proud to the begining. But hey, the end game is count right?