Nearly hit my daily stop trying to trade our rubbish tonight, so I go back on sim and make over $3K stacking the book in the dax with basically no drawdown. Go figure, definitely seem to get on better with fast markets. What I do differently on sim vs live I have no idea, nail everything on sim, not even doing unrealistic size or anything like that, perfectly realistic trading, yet can't get a tick when I'm live. Talk about
I did the same thing with the HSI today, racked up over 6000 HKD in less than an hour, switched to IB SIM and lost 5000HKD. Then on the DAX i was up a couple of hundred on IB SIM and then bloody NT freezes up on my while in a trade and i get taken to the f**-*in cleaners while i restart.....WTF????
It's ridiculous, uncanny how it works out, can literally nail it when I'm on sim, yet all I see is red when I'm live. If only I could figure out the missing link that seems to be there when I'm on sim, but not when I'm live. Fear maybe? Don't think about things too much, just be in the market all the time? Who knows.
It's ridiculous, uncanny how it works out, can literally nail it when I'm on sim, yet all I see is red when I'm live. If only I could figure out the missing link that seems to be there when I'm on sim, but not when I'm live. Fear maybe? Don't think about things too much, just be in the market all the time? Who knows.
Honkers....Choppy enough for y'all this morning?
I've got to stay off the HSI until i can find the discipline to only take trades away from the value area.
Its just noise...
CanOz
Do you read the flow much with honkers? Like that 100 lot before at 862, had a tiny pop when it got taken out but doesn't seem like anything tradeable from it, seems to be lots of 14-15 lots popping up all the time. Probably more bang for buck in fading?
Yeah its all over the place. That's why i use a volume ladder with it and the DAX, its easier to see the absorption.
Yeah its all over the place. That's why i use a volume ladder with it and the DAX, its easier to see the absorption.
I think TH keeps one in his mind...
The only thing i've had any measure of success with is fading on the HSI...
Its one crazy market. On a plus, its good training for the DAX.
CanOz
It is different to the other Asian markets because its still opened for two hours once the DAX opens. That gives it many different stages during the day. From Open into Asia lunch, Asia close and then Euro open. Mostly it will put in a quick high and low range within the first bit of chaos. Then its just going to flop around till the DAX games begin.
Can what the hell is that chart?
oh yeah......3 parts today: balls, blender, high speed .......
Hi CanOz,
I'll start by saying I'm not a Futs trader. But I think that this is a really good habit to get into for any trader, especially one where the method is highly discretionary. Generally we're so busy doing the activity, we never get time to think about it, and review is a very important process. It's the same principle as a professional athlete recording an activity and watching to see where an improvement can occur.
What I do when I test a new methodology is have two in-trays. Good and Bad, Profit and Loss, call them whatever you want. Every X number of trades (I usually use 50) I spend an hour so reviewing what happened. By doing so I can see patterns in my own behaviour (or the system). This may help you to determine why you are exiting or entering too soon and adjust your behaviour.
Good Luck and Cheers
Sir O
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