Posting my trades on charts: Open to discussion and ideas

[Jens]

G'day all.
I am going to post my trades (charts with comments), in an attempt to keep myself on my toes and hopefully avoid those "this could work" trades, taken out of pure boredom
I would like to invite Your comments or ideas.
My aim is, that we all learn something.
My main time frame is 15min, but I refer to 1hr or larger for trend or support/resistance.
The only indicator I use, is simple MAs: 25, 100 & 300 prioritised in that order. I like to keep it simple.
No matter how good or bad this turns out, I will never attempt to sell You anything and I am not affiliated with anyone either. Just wanted to clear that up, as that seems to be a concern with some other threads. I am just a private person sitting at home, doing my thing.
Wish me luck

 

[Jens]

Re: Posting my trades on charts. Open to discussion and ideas.



Here is a setup I was looking at on Friday. Red = 25MA Blue = 100MA
I like it, when red MA is really steep and the price bars finds support on this MA

 

[NickF]

Re: Posting my trades on charts. Open to discussion and ideas.

View attachment 62386View attachment 62387View attachment 62388

Here is a setup I was looking at on Friday. Red = 25MA Blue = 100MA
I like it, when red MA is really steep and the price bars finds support on this MA

Hi Jens,

I wish you good luck. If you need answers to your questions, please feel free to ask me
The three graphs you posted look quite similar to me.
Maybe you should indicate at what price you intend to buy and what are your limits and stop losses. And what is your expected hold interval? I would guess that SMA respond quite slowly, so the signals may be useful for longer intervals.
I have problems finding what happens next minute, I don't know how would you expect to know what will happen in three days or a week

Nick

 

[Jens]

Re: Posting my trades on charts. Open to discussion and ideas.

Hi Jens,

I wish you good luck. If you need answers to your questions, please feel free to ask me
The three graphs you posted look quite similar to me.
Maybe you should indicate at what price you intend to buy and what are your limits and stop losses. And what is your expected hold interval? I would guess that SMA respond quite slowly, so the signals may be useful for longer intervals.
I have problems finding what happens next minute, I don't know how would you expect to know what will happen in three days or a week

Nick

Hi Nick. Thank you for your comments. Any feedback is appreciated. Yes, the 3 charts are similar. It is the same pair at 3 different times. Not quite clear what I am looking at? I shall make an attempt to rectify that in future posts. I will post entry, SL and TP for the trades I actually take. The best trades are completed very quickly. Sometimes, it might take a few hours. The SMA might respond slowly, but I would not base a longer timeframed trade on it - unless I am trading off a larger time frame as well. I find, that most of the time, I only get one or so good setups per day.

 

[Jens]

Well, that was a boring day! Nothing suitable showed up on my screen. There is always a day tomorrow :sleeping:

 

[T0BY]

Looks good, I like the simple chart template. Trading off the 15 minute charts with pairs like cable - beginning of London session is alright but can be a long night if you stick around until end of New York. Have you thought about pending stop orders above /below swings, perhaps only during times when economic calender is quiet?

 

[tech/a]

This is terrible.
A one way ticket to ruin.

Its an MA of a data set.
It doesn't hold support for anything.
Its just a coincidence that price followed it in this example.

 

[Jens]

Looks good, I like the simple chart template. Trading off the 15 minute charts with pairs like cable - beginning of London session is alright but can be a long night if you stick around until end of New York. Have you thought about pending stop orders above /below swings, perhaps only during times when economic calender is quiet?

Thanks for the comments. I usually finish up around midnight and I do usually use pending orders.

 

[Jens]

This is terrible.
A one way ticket to ruin.

Its an MA of a data set.
It doesn't hold support for anything.
Its just a coincidence that price followed it in this example.

View attachment 62406

Hi there. I know what you are saying. It does not work every time. Each set up must be analysed on an individual basis.

 

[tech/a]

Hi there. I know what you are saying. It does not work every time. Each set up must be analysed on an individual basis.

So how then do you determine which signal to trade?

 

[Jens]

So how then do you determine which signal to trade?

Hopefully I will be able to explain that as I post trades. Nothing today so far

 

[Jens]

I took two trades tonight. I have the charts ready to be posted, but I am unable to attach them right now.
Please check back tomorrow

 

[tech/a]

I took two trades tonight. I have the charts ready to be posted, but I am unable to attach them right now.
Please check back tomorrow

Hind site charts have no value
Can be easily fudged
Realtime charts have value --- you can't cheat.
Did a lot myself on this thread

https://www.aussiestockforums.com/forums/showthread.php?t=26509&page=218

 

[Jens]

This thread might be coming to and end a bit earlier than planned.
I am simply not able to attach any charts

 

[tech/a]

This thread might be coming to and end a bit earlier than planned.
I am simply not able to attach any charts

Take a Photo of the chart.
Save it and attach it through the menu
in manage attachments below.

 

[Jens]

Take a Photo of the chart.
Save it and attach it through the menu
in manage attachments below.

That is what I am attempting

 

[tech/a]

How did you load the charts above?

 

[Jens]

Apparently I had to use a different internet browser.
Here is a trade from earlier in the week

The bottom 3 charts is the progress of one trade, with screen shots taken while the trade was live

 

[PPC NO 1]

Nice trade, Jens.

(Ronny from meetup)

 

[peter2]

It's a winning trade, so that's good, but is it a good trade?
That depends on the trading plans of the poster. Was the setup perfect? Was the position sized correctly? Did they follow their trade management guidelines? We need to know lots of things before we can judge if it's a good trade or not.

IMO Jens shouldn't care what others think about his/her trading. Jens should be judging his/her own performance. I'd like to see what Jens thinks after every trade is posted. I want to see completed trades rated at least 9/10 including winning and losing trades.

I can be critical of the risk/reward that I see it the trade. The risk was approx 22pips. The reward was (0.5*10) +(0.5*22) = 16pips. This RR needs a W% of 58% to break-even and 70% for a modest (0.2) edge. Is the trader that good? I doubt it.

Starting trades with small risk sizes before major news is a losing strategy. Don't do it.

I'd like to see the trader trade one or two setups only, multiple times and comment on his/her trade management after the entry. I like to see consistency in every aspect from the trader.

Posting is a good opportunity to show what you know and ask about what you don't. Even the frequency of the posts should be consistent. Is the trader trading every evening? If so, there should be both winning and losing trades every evening. Don't select an occasional winning trade and post it.

Jens, it's up to you to make the most from this thread you've started.