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@michaelf .. so sorry to hear about that .. both of those are transmitted via mosquitos .. look for standing water near your home and drain it if you can .. or put a few drops of oil on the surface if you can't ..
.. your comment is pretty much what the local travel channel said .. a great place for ex-pats .. the homes look very classic .. old-school Mexico .. some were very updated and had pools in the courtyard .. I live in Phx AZ where the temperature can get up there .. I live in the mountains surrounding Phx which is a bit cooler .. but it still gets hot ..
what indicators are you using?? I have a moving average indicator with two additional data sets included .. so with one indicator I can see the EMA[14] for the current chart (usually a 2-minute chart) .. the EMA[14]for the 5-minute dataset .. and the EMA[14] for the 15-minute dataset .. can use a different dataset for almost any indicator I have created
the NT8 trendline indicator has the feature to play an alert file .. borrowed that code to add a marker and vertical line to the chart .. so the trendline indicator can display 60-minute trendlines on a 2-minute chart just by using a separate dataset
@injpowwetrust .. agree with you .. there is no indicator that is 100% .. think the statistic for most indicators is 70% accurate or so .. and about the same for price-action, trend-lines, and momentum .. not sure if will stay a trader much longer .. may go work at Wal-Mart .. dental surgeon to Wal-Mart greeter .. haha .. jk ..
woke up over an hour late this AM .. completely missed the big moves at the market open .. since most of my successful trades occur in the first 30 minutes I decided to use SIM to check changes on my button strategy.. everything is working just fine except for the break-even && trailing stop features .. need longer time frames to properly test them .. had one trade on NQ go 100+ ticks but neither feature worked .. bummer .. I'm pretty much done trading live for this month .. test the features on SIM again tomorrow ..
.. you don't have to be the first one at the party .. just be part of the party ..
could share today's results with you but seems that sharing the WHY behind my trading strategy might be more helpful ..
started by looking at the 15-minute chart on the NQ .. the trendline for the 15 min && 60 min datasets are in an upward direction .. price broke the 15-minute trendline just after 5 AM AZ time .. VWAP, EMA[14][15min], EMA[14][60 min] are all downward .. price isn't close Supply/Demand zones [using MTF-60 minute]
23 09 26a NQ.fw
switching to the 5-minute chart .. 15-minute trendline break is more apparent .. downtrend continued through the 1-hour pre-market .. VWAP, EMA[14][15min], EMA[14][60 min] are all downward .. no indicator drawn 5-min trendline yet [the trendline in the image was drawn from price point after market opened] ..
23 09 26b NQ.fw
now the 2-minute chart .. a 2-minute trendline has been drawn in a downward direction using the pre-market data .. VWAP, EMA[14][2min], EMA[14][15min], EMA[14][60 min] are all downward .. price still not that close Supply/Demand zones [using MTF-15 minute] ..
23 09 26c NQ.fw
NQ has no trouble moving 75-100 points (300-400 ticks) so any of these observations can be meaningless at a moment's notice .. or without notice .. but if we looked at the 60-minute chart we could see the NQ has been BEAR-Flagging for the last several days ..
so unless I see significant changes .. my initial thoughts are to go short on NQ .. and it worked .. [today] .. 2-contracts .. got 40 ticks in the first minute .. and then 2 more trades X12 ticks .. 3+1 accounts
still experiencing @REPLIKANTO not closing all trades .. frustrating
.. you don't have to be the first one at the party .. just be part of the party ..
Bad:
- took 2 trades within the first 2 mins of the open ... broke my rule for waiting until 15mins, last few opens got me fired up for a rip
- got into a lot of trades with no plan, kind of just went with the direction of price
- was aware of that today was a news day, oversized and held a position into the 7 AM PST .. uhh what bruh? no idea why I did that. got stop so fast right in like 3 seconds.
- saw that the ATR was not in the 20's, it was around 17 yet my t/p expectations kept getting the best of me.
- was more focused on what I wanted to happen and not what I saw on the chart. It was like I was a cheerleader for my trades.
- a bit trigger happy, I did oversize a bit more on top of overtrading today.
Good:
- not showing my p/l help tremendously today, thanks again! @sevensa . I did use this approach in the past, but I decided against it because my mind was set on making $XXX amount a day. With this new approach, it has helped me to just accept the fact of either making money or losing $200 for the day.
- I was emotional today, traded all wild, but I was aware and made mental notes about how I felt. What triggered me, why did I feel hope or why did I feel despair? Could I of done something different. Ultimately, my emotions kicked in when I didn't acted on what I thought. 1) I didn't get out of a green trade. It went from green to red, and the loss was quite a bit. This bothered me a lot. 2) I saw the price action, and thought that I should get out, but instead held and didn't drop the trade.
- aware of my emotions, I kept repeating to myself, if I hit my DD, i need to walk away and stop.
- checked on trade copier a few times, saw my p/l.. but I wasn't triggered by it.
Goals for tomorrow:
- wait for at least 10-15 after open bell to take a trade.
- don't spam the size, be in control
- don't get into my feelings about how the trade is going or what I want, trade the chart.
- if its a red, take the red day and walk away like the boss I know I am. lol
I'm not sure how I should keep trade of my Ls, maybe keeping count on a notepad ... not sure if it will help or trigger me.
Those counter trend trades ... ugh still doing them.
@injpowwetrust .. watched parts of your video .. seems to me you aren't that far from being successful .. so don't give up
but do keep a journal .. document .. maybe a spreadsheet would be best ..
1) how the indicators were .. moving averages .. trend lines ..
2) what did the candles look like .. candle before .. candle after
3) your trade .. long / short .. how far was your profit target .. how far was your stop loss
4) how far did the price move .. in your favor?? .. against you??
maybe the price has a tendency to move 3-5 points (12-20 ticks) in your favor but your typical trade is asking for 40 ticks
maybe you use a 7-tick stop loss but the highest (or lowest) point that should be used as your stop loss tends to be 14-16 ticks away ..
maybe you enter trades a bit early so you end up waiting through consolidation to get profitable .. and maybe during the consolidation you get stopped out .. or get frustrated and close for a loss
maybe you enter trades late and lose a bit of the momentum ..
these are the questions I would be asking myself ..
you gotta start making money so we can go to Pacific Cafe and celebrate .. and get some abalone ..
.. you don't have to be the first one at the party .. just be part of the party ..
keeping with yesterday .. the biggest observation is the price has been ranging .. choppy .. since about halfway through the EURO session
looking at the NQ 60-minute chart .. NQ has a downward trendline where the starting point may have started 4-5 days ago .. also, the price is at the bottom of a Supply Zone (15-
minute)
23 09 27a NQ.fw
the 15-minute chart shows a downward trendline on the 60-min dataset and the 15-minute dataset .. NQ price is below Supply Zone
23 09 27b NQ.fw
the 5-minute chart shows downward trendlines on all three datasets (60-min .. 15-min .. 5-min) .. price is below the supply zone but there was a touch of the bottom level during the premarket session .. choppiness is more apparent since 3 AM or so
23 09 27c NQ.fw
the 2-minute chart .. price is below an upward trendline .. price has been tapping into the bottom of the supply zone .. drew possible zones based on one of the overnight highs and overnight lows .. adjusted my profit targets since NQ has been choppy for the last several hours ..
had a huge bullish candle at the open .. waited till broke above the upper zone and got in .. got 24 ticks .. 23 09 27d NQ.fw
the 2-minute chart .. the market has been open for about 30 minutes .. price went above the upper zone but was denied .. took another run at it and almost broke through the 15-minute Supply Zone before being denied and free-falling about 40 points (160 ticks) BELOW the lower zone drawn before the market opened ..
23 09 27e NQ.fw
the 60-minute chart .. went back to see how today looked on the hourly chart .. WOW .. no surprise here .. pierced the downward trend line that was seen at 6 AM and then fell like rock ..
@mewddsltd yeah I should start working on my Wal-Mart greetings ... ugh.
09.27.2023 : EVAL : DAY 10 : RED - Blew up.
same story as always, i mean I think I started worse yesterday compared today. I even sized my lot size down from 12 contract to 6 contract. I kept clicking away and ended up hitting my daily loss limit at -$250. I didn't stop. I don't know why, everything that went well for me yesterday, didn't today. There was no voice in my head telling me to stop. I just unclicked GAT and kept trading. Well eventually, I tilted and removed my max size and yeah ...
How can I force myself to commit to stepping away on a day I hit my max stop daily loss? This is the last piece, i need to really figure out.
I just have to do it a few times, and I know I will never have this issue again .. much like how I no longer move my stop loss...
Once more another reset .....
@mewddsltd I will be looking into your suggestions over weekend.
OK .. 6:24 AM .. before the market was open .. saw where the overnight high / low was .. set my targets .. each target was about 75 points away from the current price .. 60-minute && 15-minute trends were downward ..
23 09 28b NQ.fw
8:00 AM .. initial price movement was lower but then broke to the upside and eventually through the UPPER target .. an 80+ point counter trend move ..
23 09 28b2 NQ.fw
2 contracts .. 3 trades .. 1X24-tics // 2X12-tics .. done by 7:00 AM .. most of the day was ranging until just before the news .. so I used RENKO bar chart and got the last two trades .. GAP was filled
23 09 28f NQ.fw
.. you don't have to be the first one at the party .. just be part of the party ..
my goal as a trader is to look for structure && momentum .. look at all the structure opportunities that occurred after the NQ broke through the overnight/premarket high .. one bull flag after another ..
discipline is an important part of trading .. had already reached my profit goal for the day so no, did not start trading again .. but the FOMO was real
.. you don't have to be the first one at the party .. just be part of the party ..
NQ was in a downtrend as shown by the two yellow arrow-lines ..
NQ broke below the pre-market low in the first few minutes .. as shown by the red arrow-line .. this is a Break-of-Structure .. so I went short .. could have gotten 16+ points (66 ticks) but was happy with 6 points (24 ticks)
price reversed and broke above one of the pre-market highs .. as shown by the blue arrow-line .. this is another Break-of-Structure .. so I went long .. was happy with 3 points (12 ticks) .. obviously could have gotten more
then we see a BULL-Flag and when the price continued to the upside I went long again .. was happy with another 3 points (12 ticks) ..
price entered the target zone set before the market opened before coming back .. tested the trend line and then reversed .. consolidated at the target zone before continuing in an upward direction
obviously, I left a lot on the table .. but hey, still made a nice profit for the day.
My only goal now, is to slam my laptop lid shut when I hit my daily loss limit. This should trigger me to walk away. I have no excuses, three times this has happened in the past last 6 weeks. I need to believe in how I trade. No more resets, no more touching GAT. Either I hit my goal ,or I hit my daily loss limit and I'm done for the day... no if, and, or buts.
