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I am trying a new color scheme for the order fills and I attached connecting lines. Here is the color code:
Light blue/cyan: buy entry
Yellow: buy exit
Pink: short entry
White: short exit
The lines connect the exact contract's entry and exit.
Trade #1:
-Right at the open
-Took a long because I was long bias.
-Realized that I was being trigger happy, so I flattened for a few tick loss. No skin off my teeth.
Trade #2:
-Let the market produce a little price action, so I decided to try long again
-Built up a nice position. 4 lots total.
-Made some nice profit when it went higher.
-I was hoping for some more up movement at the time.
Trade #3:
-Price broke lower, so decided to flip to the short side
-It was a hasty move
-I built short against my original bias
-I took a loss; erased most of my profits
Trade #4:
-Swapped back to being bullish ()
-Flattened out for a small loss.
-Overall PnL red at this point
Trade #5:
-I saw a storm brewing.
-It looked like a really nice, risk-free short.
-I pulled the trigger, since that is what we get paid to do
-Made some good money. I can't believe it went to my target and turned around. Haha
-Overall PnL is very green now
Trade #6:
-I felt like I had a pulse on the market.
-Saw opportunity to make some money on the push to OR-L
-Pulled the trigger, since I enjoy getting paid
-Made a nice $75 that can cover my oil change tomorrow.
Trade #6:
-I left for a bit. Ate some food etc..
-Came back and thought I saw a nice chance for a long trade.
-Didn't realize that we were about to plummet
- Took a little ding to the PnL
Then I was done for the day for a pretty penny! I am happy with the day's turnout!
Give me some feedback on this new recap idea.
Do you like the 1-tick renko bar chart? Does it make it easier to see? How about the colors and the connecting lines? Let me know what I can do to help!
Dropping by quickly to say that you have one of the best journals I've ever read. Please don't stop this, you are doing a huge favor to the FIO community.
Cheers!
Yesterday's excellence is today's standard and tomorrow's mediocrity
Good results, and the chart presentation is very clear.
A few comments:
- I like the colors for the trade labels. I wonder if you may have too many colors, though. I will certainly not remember when one color means a buy to enter, and another means a buy to exit a short, etc. I could remember one color for buy, one for sell, and get what is going on as far as long/short from the chart and from your comments. Just a matter lf reducing complexity. The color choices are all better than the drab SC defaults, though!
- Connecting lines are excellent, makes things very clear.
- Do you really use that super short-term chart to trade from??? (I actually think it would be cool if you did, but I think it would be very twitchy.) If it's just for displaying the trades, it's clear but may be more detailed than you need.
- Your trade comments are very good. They made it very clear what you were doing and why.
Overall, this is a great change. The lines and the colors support your commentary well.
