I am using Perry's paradigm from the first webinar. I am also using an older version of the MAMultislope. I find that it just works better for me. And yes, in the ensuing discussion thread after that first webinar the 8EMA was first used and then switched to the 5. Either one will give you what you need but I prefer the 5. So as to not highjack Patrick's journal, send me a PM regarding templates.
Hope you get to feeling better. Nothing is worse than a late spring/early summer cold. Take care.
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Back from a long weekend and over being sick, and trading much better. Live trading. Over initial hesitation, but now wary of overconfidence. Follow the plan.
Watching the big picture better. Not jumping off the train as quickly. Using the ATM. Still sticking with one contract, max 2. Keeping 8 point stops, mostly. Reptile brain of always wanting to be right has been quieter for a week. But being ever vigilant. Trading less. Winning more. 4 out of 16 days had large drawdown - reptile brain not licked yet. Just not acceptable. Using the PerryDigm moving averages, charting the OHLC and the o'nite hi and low. Trading from 7 to 10 cst mostly. Patiently waiting for some movement. And when the doorbell rings on the chart. The moving averages are keeping me on the right side. And helping me see price action. Keeping an 8 range bar open while trading the 5. Still shooting for the first $100. Taking more if I can't find a reason not to. Still sometimes adding that second contract and it's been working. But it's trouble, trouble, trouble when it doesn't. Max day loss to be $250. New rule will help the big picture.
Feeling price action better. But need to remember to stick with indications not instinct. Two good days does not a trader make.
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