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Search: Posts Made By: mgcharl
Forum: Trading Journals May 22nd, 2019, 03:13 PM
Replies: 140
Views: 5,349
Posted By mgcharl
Good job on exercising patience. Itís not easy to...

Good job on exercising patience. Itís not easy to sit down to trade and not take any entries. Remember you can also use market replay to gain experience too and at this point you may want to...
Forum: Trading Journals May 20th, 2019, 04:09 PM
Replies: 140
Views: 5,349
Posted By mgcharl
I have no idea about volume profile to be honest!...

I have no idea about volume profile to be honest! I know the theory of market profile but after studying it for a while I decided it wasnít for me. Everything I say is related to price action and the...
Forum: Trading Journals May 20th, 2019, 03:21 PM
Replies: 140
Views: 5,349
Posted By mgcharl
Most day traders only chart and trade RTH and...

Most day traders only chart and trade RTH and therefore would call today a trading range day.


Sent using the futures.io mobile app (https://on.futures.io/app)
Forum: Trading Journals May 19th, 2019, 03:01 AM
Replies: 140
Views: 5,349
Posted By mgcharl
Hi Zach, I think this is the best post in...

Hi Zach,

I think this is the best post in your journal yet. Itís important to reflect on your journey and itís obvious how much effort youíre putting into your trading. Unfortunately, I fear that...
Forum: Trading Journals May 18th, 2019, 02:00 PM
Replies: 199
Views: 5,082
Posted By mgcharl
I donít think itís about whether you are a...

I donít think itís about whether you are a good/profitable trader, if it was there wouldnít be a lot of journals there! Rather, I think itís about supporting the community.


Sent using the...
Forum: Trading Journals May 18th, 2019, 12:59 PM
Replies: 199
Views: 5,082
Posted By mgcharl
I concur, good job! Maybe itís time to move your...

I concur, good job! Maybe itís 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 futures.io mobile app...
Forum: Trading Journals May 14th, 2019, 09:24 AM
Replies: 199
Views: 5,082
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: 5,082
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: 5,082
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: Platforms and Indicators May 1st, 2019, 04:06 PM
Replies: 9
Views: 437
Posted By mgcharl
I had that problem too but managed to find a...

I had that problem too but managed to find a workaround. If you add a quoteboard and add the current contract youíre trading it must continuously poll the Rithmic API which prevents the timeout issue...
Forum: Trading Journals April 29th, 2019, 05:52 PM
Replies: 199
Views: 5,082
Posted By mgcharl
Nice trading! Btw, I donít think itís cheating to...

Nice trading! Btw, I donít think itís 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: 5,082
Posted By mgcharl
Youíre right about the signal bar you pointed out...

Youíre right about the signal bar you pointed out on Trade 2, that was the trade of the day! Something Iíve 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: 5,082
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: 5,082
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: 5,082
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: 5,082
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...
Forum: Emini and Emicro Index Futures Trading January 25th, 2019, 05:29 AM
Replies: 7
Views: 389
Posted By mgcharl
Leg 1 = Leg 2 Measured Moves are common. Watch...

Leg 1 = Leg 2 Measured Moves are common. Watch this video for an explanation:

https://www.youtube.com/watch?v=cRWGKdmTkKc

Hope that helps.
Forum: Trading Journals December 10th, 2018, 07:50 AM
Replies: 1,025
Views: 80,029
Posted By mgcharl
Sure thing. All I'm looking for is 3 pushes down...

Sure thing. All I'm looking for is 3 pushes down forming a reversal. You also notice how each leg in the bear trend is getting smaller as the bulls come in before it eventually reverses. I've marked...
Forum: Trading Journals December 10th, 2018, 07:09 AM
Replies: 1,025
Views: 80,029
Posted By mgcharl
I see a wedge reversal and a strong bull...

I see a wedge reversal and a strong bull breakout. On your entry bar, the market traded below a bear bar and there will be limit order bulls buying that low as it's the first pullback and two legs up...
Forum: Trading Journals October 4th, 2018, 08:35 AM
Replies: 105
Views: 5,206
Posted By mgcharl
That's an interesting statement and one I would...

That's an interesting statement and one I would debate. Perhaps this explains your current approach to trading? If you believe that markets are pretty much random, then you don't believe you can...
Forum: Feedback and Announcements September 2nd, 2018, 07:43 PM
Replies: 36
Views: 3,462
Posted By mgcharl
Doubling down on journaling

I would like to enter my journal into the competition.

I've already started to benefit from the accountability of public journaling, so I'm doubling down on it and I will endeavour to document my...
Forum: Reviews of Brokers and Data Feeds September 2nd, 2018, 07:19 PM
Replies: 608
Views: 163,802
Posted By mgcharl
Great support

I recently changed my broker to Optimus and I must say that so far the experience has been excellent! The real differentiator for me is mattz. He's a very genuine guy, straight talking, knowledgable...
Forum: Traders Hideout August 20th, 2018, 04:14 PM
Replies: 8
Views: 472
Posted By mgcharl
I recommend you take a look into Al Brooks. His 3...

I recommend you take a look into Al Brooks. His 3 price action books are good but hard to digest without knowing his jargon already. I suggest his video course, it's much more approachable. It is a...
Forum: Sierra Chart August 11th, 2018, 11:20 AM
Replies: 15
Views: 4,213
Posted By mgcharl
I use Sierra via Parallels on my Macbook and it...

I use Sierra via Parallels on my Macbook and it is very reliable and performant. I tried VMWare Fusion first of all but had intermittent Internet connectivity issues so switched to Parallels. I'm...
Forum: Trading Journals May 20th, 2013, 07:40 AM
Replies: 977
Views: 131,888
Posted By mgcharl
Congrats! Consider me inspired.

Congrats! Consider me inspired.
Showing results 1 to 25 of 26

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