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dax inv hs 031012.jpg

dax holds ground
 
FESX looking to tag the PD VPOC.
 

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Joules MM1 said:
kardashian charts.....oh.....nice.... :D

usual hesitate at the prev closing cash level.....well into the session, looks like we have a base/demand area to build on......
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LOL,

shes fighting a thousand bergs and some mighty tick divergence on the way to 91.

CanOz
 
Gotta love a DPOC shift in your trade direction! FESX now 2486...
 
Well there's 91 tagged...
 

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where to DAX ? ......small series of higher highs in the cash ....just stopped at ratio resistance......suspect waiting the non-farm release.......looking to BTO above 7355......

anyone?
 
i'm thinking, a little proviso in here, although i suspect i'm wrong this time around....in previous occasions when futes lift just 30-40 mins out from a major release like nonfarms or ism's/ppi's etc ....the lift usually assists/set-up shorts....v.v for longs......weaks on the wrong side
 
starting from today I'm trying to get back to basics and have a decent go at a few things, mainly understanding and implementing positive expectancy, need to learn more about time and breadth analysis and getting my head in the right spot as far as thinking about only being as good as my average, concentrating on minimising the losing side etc.

This is from the morning session of the HSI, just on sim obviously. Wouldn't mind others opinions about how this looks as far as results go, trying to fully understand positive expectancy, I focused more on my averages today, kept an eye on avg win/loss ratio, rather than T/A patterns etc.

I know its only one session but might as well get stuck in and find out what I can improve from the get-go. Main problem I feel I had today was when I had a runner going I was trying to concentrate on my stop loss, and when to move it, I moved it once I got to 1R so I locked that in, then 2R and so on, but not sure when to take it off and move it, say I'm up over 2R and it's hovering around 3R, do I move it there as soon as its beyond it, but that would be at risk of getting taken out straight away and I could potentitally miss a 4 or 5R winner?

1m chart.
 

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Too much trading. If you told yourself you only had 5 trades per morning sess how would you trade it? For a start you wouldn't go chasing moves. You would take trades based on expected range and anticipate that you'll be in trades for some time while managing your trailing stops until it extends and builds a decent R:R.
 
Trembling Hand said:
Too much trading. If you told yourself you only had 5 trades per morning sess how would you trade it? For a start you wouldn't go chasing moves. You would take trades based on expected range and anticipate that you'll be in trades for some time while managing your trailing stops until it extends and builds a decent R:R.
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What do you mean? Do you mean expected range for the morning session(that you've gotten from historical data?), or expected order of moves(I expect downturn on open then pullback 50% type thing) or just avg range is X so when it gets beyond that I start fading? Also what about when you're completely wrong with so few trades you would have less chance to make it back? Seems hard to make so few trades and hold them, especially with the way honkers moves, like we sell off 80 ticks then it'll rally back 60 immediately, I guess that's what managing the trailing stop is all about.
 
ThingyMajiggy said:
What do you mean? Do you mean expected range for the morning session(that you've gotten from historical data?), or expected order of moves(I expect downturn on open then pullback 50% type thing) or just avg range is X so when it gets beyond that I start fading? Also what about when you're completely wrong with so few trades you would have less chance to make it back? Seems hard to make so few trades and hold them, especially with the way honkers moves, like we sell off 80 ticks then it'll rally back 60 immediately, I guess that's what managing the trailing stop is all about.
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Sam good to see your still trading. all I can tell you is trading 1min off a chart is freaking hard man...
 
>Apocalypto< said:
Sam good to see your still trading. all I can tell you is trading 1min off a chart is freaking hard man...
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I haven't been for a while, been thinking about what to do for a long time, but I think it's too much of a waste to not do something to do with trading because of what I know and the time I spent learning it all, plus I think I'll always love it and want to do it. I figure starting a business or anything other than trading(have thought about programming, either to do with trading or something like making apps) has just as much risk of failure and I don't have to start from scratch with trading like I would with something else.

and yes I know, I actually want to try some longer term trades, hold for a day or two to see how it goes, but I thought I'd have a go at honkers today and got carried away I guess, trying to figure out some kind of structure to base larger trades on, I'm used to banging away one trade after the other :)
 

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