Well Im working on a transition to FXCM then to e-mini's and futures in December.
Trading in demo till next Friday to get used to the new platform. I'm also making fine adjustments also to make sure my style of trading will work with the e-mini's and futures.
One thing I do notice is there is alot less, noise per say, with the e-mini's and futures.
Todays trade and pics are just fine adjustments to the method.
Have a great weekend!
A fresh start! Doji's Trading Journal
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- newscalper
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Looks like 1-2-3 to me
http://screencast.com/t/k52tJKT8Vy7K
Or back into value trading..
http://screencast.com/t/vGIvWwO8
That's a perception of breakout of a small range developing into a trend on a longer time frame.
Trend ? Consolidation ? All a matter of perception. Perception is all that matters. One might even have the perception that it doesn't exist..
http://screencast.com/t/k52tJKT8Vy7K
Or back into value trading..
http://screencast.com/t/vGIvWwO8
That's a perception of breakout of a small range developing into a trend on a longer time frame.
Trend ? Consolidation ? All a matter of perception. Perception is all that matters. One might even have the perception that it doesn't exist..
There's no business like [strike]show[/strike] covid19 business.
- newscalper
- rank: 1000+ posts
- Posts: 1068
- Joined: Tue Oct 19, 2010 5:58 pm
- Reputation: 7
- Gender:
Not a 123 or 'back into value' whatever that is, although it looks like a 123 this time.
Done it nearly every day this week on EU.
Price had been moving down the day before to...a line I'd marked before which was the last clear upswing on the daily. Then, last apparent H4 move down, draw a line and screw the last in tail-enders over, looks like a 123 on the 15 minute chart but it doesn't matter if it makes a perfect 123, it doesn't often make a nice, pretty text book pattern, what matters is the tail-enders getting screwed over. Classic 'fake out'.
Back in a mo...browser *censored - swear word* up...
Done it nearly every day this week on EU.
Price had been moving down the day before to...a line I'd marked before which was the last clear upswing on the daily. Then, last apparent H4 move down, draw a line and screw the last in tail-enders over, looks like a 123 on the 15 minute chart but it doesn't matter if it makes a perfect 123, it doesn't often make a nice, pretty text book pattern, what matters is the tail-enders getting screwed over. Classic 'fake out'.
Back in a mo...browser *censored - swear word* up...
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Triangles are channels, channels are triangles, but trend lines are something else entirely.
Trend lines are not channels nor are they part of channels but are drawn after there is a breakout from a channel.
Horizontal lines are drawn after momentum candles or steep moves & cut through around the center of this area between the 33 & 66% RET.
We define triangles by double hooks and even expansions to larger triangles/channels & we religiously try to exclude breakouts from the pattern...
...here is a picture of what I mean:
Trend lines are not channels nor are they part of channels but are drawn after there is a breakout from a channel.
Horizontal lines are drawn after momentum candles or steep moves & cut through around the center of this area between the 33 & 66% RET.
We define triangles by double hooks and even expansions to larger triangles/channels & we religiously try to exclude breakouts from the pattern...
...here is a picture of what I mean:
Many people literally cry when it comes to trading large charts...allow me to dry those tears.
Simply trade small charts the same as you always do but only from large period extremes; it really doesn't matter what the larger chart is doing at this point in time.
The time to consider holding is when:
1) your short term trade(s) have worked out
2) you could see yourself trading the large chart in the same direction
3) you would have moved your stop loss to your current stop position to protect your profit (if you were a stop movin' kind of trader...pray it ain't so!)
4) if YES YES YES then kick up your feet, pour yourself a tall shot of rum, & ride the long term trend.
Simply trade small charts the same as you always do but only from large period extremes; it really doesn't matter what the larger chart is doing at this point in time.
The time to consider holding is when:
1) your short term trade(s) have worked out
2) you could see yourself trading the large chart in the same direction
3) you would have moved your stop loss to your current stop position to protect your profit (if you were a stop movin' kind of trader...pray it ain't so!)
4) if YES YES YES then kick up your feet, pour yourself a tall shot of rum, & ride the long term trend.
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