Well I was thinking of taking a third trade and then got distracted looking at PRC2 indicator and playing with the settings.

Polynomial Regression Channel trading Since this was so popular on the blog, I thought I would create a topic here so it can be discussed in further detail. I've uploaded the indicator in the file sharing section here: View Download Details - Big Mike Trading Forum ( 98 Mike

and then

Download: PRC2 this is a new version of PRC (used in the holy grail setup) i found this indicator on line from : http://www.integrity-traders.com/ very useful indicator , work better then the previous version consume less memory COMPATIBILITY: NinjaTrader 6.5: … personbenbrooke

When I got back to things I decided on 2331.25 as the revised high based on an increased range est of 11.50 expanded from the default of 8.25. Then worked the buy for that and then found that it had come and gone


In case it's getting about time to go out for some fresh air so I'll be strong and close the books.
so with the two we are at +$137.50

You got me downloading another indicator to check out - lol

I can't judge very well from your thread, so I might be wrong, but it appears that in some cases you are averaging down on your losses. The equity markets have been unusually quiet lately, but one day they will be much more volatile. Many if not most of your trades are bang on, so perhaps you might consider using a tight stop and re-entering rather than averaging down.

Not much to say positive about today - as yes I am short.

Went out with the dog

came back and deeply negative
will see what o/n brings

Today I closed out the losing trade from yesterday 15 Feb
the loss is $637.50

I missed the opportunity to sell more (temp.png) which might have brought it to zero.

For tomorrow, Friday, the goal is to make a trade to bring the week positive.

trade 1 - in short 3 at avg 2339.50
======> notice I forgot 8:27am note -WAIT for BOUNCE and sell
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Friday
8:13 AM 2/17/2017
possible double low 2336.75
room to take low stop though
downward trendline on 5 min 2341

Speed est range = 10.50
Estimated range = 15.00
with -6.75 gap =>11.25
First trade sell near open 2337.50 2339.50 =est first Pt

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8:27 AM 2/17/2017
wait to see if bounce and sell
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08:31 AM
February 17, 2017
The estimated to open is 2338.75
We should be going up first
The first point is estimated at 2337.50
We have a DD up signal
The estimated low end is 2332.25
The estimated main direction of the day is down
We are expecting a change in intraday direction

FE=LE
We will open are closer to the Lend of 2328.50
Yest L+after dir adj2347.75
ZC end est =2346.75

8:34 AM 2/17/2017
missed 2340 -not ready
3 shorts 2340,2339.50, 2338.75 => avg =2339.50 (ES 03-17 Short 3 2339.416)

day record loading
(tickchart.png) - in red zone
8:43 AM 2/17/2017
two buy to close orders: 2335.25, 2332.25

8:50 AM 2/17/2017
starting to push up

8:55 AM 2/17/2017
starting to head down missed quick sale at 2342.50
(trade1.png)

Trade 1 - Continued
2:13 PM 2/17/2017
Went out with the dog and came back to underwater position.
(knew I shouldn't have messed with Friday -lol)

Going to do something else.

I'm not pleased with my trading this week. Especially annoying is that when I went for a snack at 11am this morning I had set the buy to close at a price that would have been filled with a profit and then thought:"Oh, what if it goes lower" and pulled the order.

So I'm sitting on a losing trade.

Below is the NT summary for the week, but as explained on the summary page I have chosen to go with my math of -$312.50 as it is lower than NT's -$125.

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To Vote click "thanks" button:

FIO Journal Challenge - February 2017 (over $1,100 in prizes) Red Rooster Here is my link: The journal is on estimation trading for the ES RTH session The journal will be for ES with a goal of 25 pts per week. I will track against $25,000 starting position. Good luck to all!

Thank-you everyone for your votes. Good luck to all!!

Quoting 

(knew I shouldn't have messed with Friday -lol)

I elected to stop trading early with it being a holiday weekend Friday and be content with my one trade. Again, thank you for your help earlier I really appreciate it! Have a great weekend!

aquarian1 

I'm not pleased with my trading this week. Especially annoying is that when I went for a snack at 11am this morning I had set the buy to close at a price that would have been filled with a profit and then thought:"Oh, what if it goes lower" and pulled the order. So I'm sitting on a losing trade. Below is the NT summary for the week, but as explained on the summary page I have chosen to go with my math of -$312.50 as it is lower than NT's -$125.

Nice Job Ian, You cut your loss down quite a bit. Good to see that. It takes SO much discipline to come back after a loss and not trade like a drunken monkey!!

Have a nice weekend,

Danny