So after a while here, reading a lot. Here I am starting my own Journal. Why I am I doing it ? Well this job, even I love it, it's kind a lonely and never the less, I could use different point of view or idea of course. So any comments, opinions, questions are welcome.
Litlle be of my story. I have started or better to say smell it about futures, back in 2003-4. and like most, was no different with me. first money I threw into a hole called trading company. Don't get me wrong here. It was only and only my fould, I tought, someone will make me money without work. So first lesson, done then few months of backtesting, papertrading and here I was opening live account, beeing a "trader" or I tought I ll be well you can guess the end... ..account emptied. But I didnt give it up. I knew one day Ill come back. This is the way I want go become a succesfull trader. Here is my system, which I will start to trade next month.
Trades and signal on 5min. chart.
Trading only from 9-12 monday-friday
RSI is set to 14,
5 min chart EMA 14, which must be crosed with price to take signal
60 min chart EMA 14 and EMA 78 for trend showing
I am now paper trading this set for 2,5 months. live start will come next month. I will put some screen here later.
I would like to ask you all, how do you define chop market, or better to say how do you realize chop, what tools you using ? I can see trend, I use 60 min chart and EMA 78 to analyze it, But what if the market goes on side in chanel ?
Type in 'chop'. You will see many, many threads discussing this.
Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.
Need help? 1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first. 2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses. 3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make. 4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance. 5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers. 6) Help using the forum? Watch this video to learn general tips on using the site.
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