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I have two types of trading going on: my normal trading per my rules, and some testing going on where I focus more on the volume ladder. Testing is on sim obviously.
on my normal trading, 0/2 today on euro, no trades on the dax. I put some analysis on the charts.
on the tests (the dax trades previously posted), i'm not concerned about P/L right now I'm more concerned about execution. My focus is to cut losers short at a few ticks and not let my stop get hit. This is totally different from my normal trading. in my regular trading I don't touch the dom, it's profit target or stop. but I know I can do much better with the ladder. so my testing is to get out of trades where I see the order flow turn against me and not wait for my stop to get hit. Once I get some ideas worked out I plan to create a new trading method. so I'm kind of in between right now.
This methodology seems quite counter-trend ..... it appears to me that the trades that suceed the better for you is when there is a distinctive trend ( even if I know you like to call it illusion :-) and that you go against it due to large imbalance on the wick of the candle ..... (reversal) e.g. never buy on setups that seem to be in a choppy area .or for example a big down bar with lot of people buying at the end of the wick in a downtrend.....what do you think ?
You know what you know but you do not know what you do not know.
You do not see things how they are, you see things how you are.
In life you do what you want but you do not want what you want.
I circled the HVN that I was interested in. On the 2nd one I decided it was against me and got out at +1. This is what I'm focusing on. Getting out at a small loss and not letting the stop get hit. If I can keep my losses at less than 3 ticks then I can keep taking shots and end up with a big winner. This is a bit different style for my daytrading than I usually do so it's quite challenging for me.
another trade. hard to see but I got stopped out twice and then the 3rd time I got it. hit all 3 targets. I moved a few down a few ticks so I ended up -18, -27, +55 = +10.
obviously that's a lot of work to get +10 but if I can eliminate one or two of those earlier attempts or get out with a few ticks loss, then I'll be good.