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Search: Posts Made By: mgcharl
Forum: Trading Journals May 18th, 2019, 02:00 PM
Replies: 199
Views: 21,963
Posted By mgcharl
I don’t think it’s about whether you are a...

I don’t think it’s about whether you are a good/profitable trader, if it was there wouldn’t be a lot of journals there! Rather, I think it’s about supporting the community.


Sent using the...
Forum: Trading Journals May 18th, 2019, 12:59 PM
Replies: 199
Views: 21,963
Posted By mgcharl
I concur, good job! Maybe it’s time to move your...

I concur, good job! Maybe it’s time to move your journal to the Elite Journals section? I think that if you are an Elite member this just makes sense.


Sent using the NexusFi mobile app...
Forum: Trading Journals May 14th, 2019, 09:24 AM
Replies: 199
Views: 21,963
Posted By mgcharl
You're welcome. Regarding the size of the loss,...

You're welcome. Regarding the size of the loss, try to think about it in terms of R rather in ticks, points or currency. It's just a 1R loss, right, no big deal. Almost all your losing trades should...
Forum: Trading Journals May 14th, 2019, 04:34 AM
Replies: 199
Views: 21,963
Posted By mgcharl
Don't beat yourself up, I don't think either...

Don't beat yourself up, I don't think either trade was bad. One thing I do is to check Al's blog post the next day to see if my entries are marked up on his chart. You can see that both of yours...
Forum: Trading Journals May 4th, 2019, 03:20 AM
Replies: 199
Views: 21,963
Posted By mgcharl
Good choice on switching to the RTH chart! I...

Good choice on switching to the RTH chart! I think this is what most day traders use. Obviously pay attention to the globex high and low but aside from that I think it only confuses your analysis, so...
Forum: Trading Journals April 29th, 2019, 05:52 PM
Replies: 199
Views: 21,963
Posted By mgcharl
Nice trading! Btw, I don’t think it’s cheating to...

Nice trading! Btw, I don’t think it’s cheating to adapt your targets based on price action after entry. Especially if you see a few different possible targets, it makes sense. Just be careful, you...
Forum: Trading Journals April 27th, 2019, 01:28 AM
Replies: 199
Views: 21,963
Posted By mgcharl
You’re right about the signal bar you pointed out...

You’re right about the signal bar you pointed out on Trade 2, that was the trade of the day! Something I’ve been learning the hard way recently is you absolutely must wait for a good signal bar,...
Forum: Trading Journals April 26th, 2019, 12:55 PM
Replies: 199
Views: 21,963
Posted By mgcharl
I'd ignore actual risk and only look at initial...

I'd ignore actual risk and only look at initial risk. I think the best targets are based on MMs or some other obvious level that we might get to but there is so often a bounce or a reversal at 1R...
Forum: Trading Journals April 26th, 2019, 12:15 PM
Replies: 199
Views: 21,963
Posted By mgcharl
Do you mean actual risk or initial risk? In the...

Do you mean actual risk or initial risk? In the way Al defines it, the actual risk is the MAE + 1 tick of the trade. It's hard to calculate without the benefit of hindsight, although you could...
Forum: Trading Journals April 24th, 2019, 05:46 AM
Replies: 199
Views: 21,963
Posted By mgcharl
When measuring a 1R target like this, the logical...

When measuring a 1R target like this, the logical place for the stop is 1 tick above the high rather than at the high itself. In this case, your measurement is off by a tick, the target would have...
Forum: Trading Journals April 21st, 2019, 05:45 PM
Replies: 199
Views: 21,963
Posted By mgcharl
It's so easy to get trapped on breakouts like...

It's so easy to get trapped on breakouts like that, I have been many times! Always check for final flags if you're buying/selling late in a trend. A triangle that forms late in a trend is often the...
Showing results 1 to 11 of 11

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