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Zen & the Art of The Small Account
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Zen & the Art of The Small Account

  #561 (permalink)
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tderrick View Post
I would feel very lost without a moving average, seeing as it is the only indicator I use. (unless S/R is an indicator)

Would you go into more detail about why you lost it, please?

Well, the MA has a tendency to really chop me up in a narrow range. And I think support/resistance is more important than the moving average. So using fibs, S/R and my 6 range chart along with a 5 min chart to really see the S/R, I think I can trade better with and perhaps catch larger moves.

I avoided most of the chop today without it and would have avoided 100% of it had I just paid attention.

So thats its for the most part.

Simplicity is the ultimate sophistication, Leonardo da Vinci


Most people chose unhappiness over uncertainty, Tim Ferris
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  #562 (permalink)
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A side note

I hit the 1000 mark today in terms of number of unique people visiting my thread. Cool beans!

Simplicity is the ultimate sophistication, Leonardo da Vinci


Most people chose unhappiness over uncertainty, Tim Ferris
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  #563 (permalink)
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aztrader9 View Post
I hit the 1000 mark today in terms of number of unique people visiting my thread. Cool beans!

Oh, Your a rock star, my friend... didn't you know that!!?

About the previous subject, I usually consider narrow range consolidation and typically wait for a break out signal towards some SR.

How many trades do you average?


AJ
Nashville, Tennessee


"Life On The Edge of SR"
 
  #564 (permalink)
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OP, are you still in trial with the prop firm?

 
  #565 (permalink)
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AZ,

I'd like to see charts of your day instead of commentary. Don't take that the wrong way. The commentary is fine, but with charts others can make comments and suggestions that may help.

David

 
  #566 (permalink)
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David_R View Post
AZ,

I'd like to see charts of your day instead of commentary. Don't take that the wrong way. The commentary is fine, but with charts others can make comments and suggestions that may help.

David

Maybe that is not what he wants. Don't take that the wrong way.

I personally want very few people chiming in on my own journal except on the commentary.

 
  #567 (permalink)
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bluemele View Post
Maybe that is not what he wants. Don't take that the wrong way.

I personally want very few people chiming in on my own journal except on the commentary.

Yes, you are correct and I didn't think of that. Not taken the wrong way.

 
  #568 (permalink)
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David_R View Post
AZ,

I'd like to see charts of your day instead of commentary. Don't take that the wrong way. The commentary is fine, but with charts others can make comments and suggestions that may help.

David

I think some days he's too fried to post up charts as he has to label his entry / exits manually.

He'll toss us one soon.


AJ
Nashville, Tennessee


"Life On The Edge of SR"
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  #569 (permalink)
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I'll do a chart tomorrow.

Mondays, Tuesdays and Thursdays, I have child care duties so I trade, do my journal and spreadsheet and am done for the day. Marking a chart is the last thing I do if I have time. And since I am not trading Ninja and T4 does not mark trades on the chart like NT, it can get tedious if I forget to mark them real time to go back and do it.....it also depends on the number of trades I take. Lately that has been much more than I would otherwise like but am trying to get to the point of not really caring about the number of trades as long as I am trading well. The self imposed limit of a certain number of trades is as foolish as limiting myself to a certain dollar amount each day for profits. The real limit should be "am I trading well"? If not, then stop. And did I hit my daily stop loss? If so, then quit. Otherwise, take every dime the market will give you.

Simplicity is the ultimate sophistication, Leonardo da Vinci


Most people chose unhappiness over uncertainty, Tim Ferris
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  #570 (permalink)
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aztrader9 View Post
I'll do a chart tomorrow.

Mondays, Tuesdays and Thursdays, I have child care duties so I trade, do my journal and spreadsheet and am done for the day. Marking a chart is the last thing I do if I have time. And since I am not trading Ninja and T4 does not mark trades on the chart like NT, it can get tedious if I forget to mark them real time to go back and do it.....it also depends on the number of trades I take. Lately that has been much more than I would otherwise like but am trying to get to the point of not really caring about the number of trades as long as I am trading well. The self imposed limit of a certain number of trades is as foolish as limiting myself to a certain dollar amount each day for profits. The real limit should be "am I trading well"? If not, then stop. And did I hit my daily stop loss? If so, then quit. Otherwise, take every dime the market will give you.

I understand. You don't have to mark up the chart. If you give commentary and just a screen shot thats all I meant. Mr Mom duties do come first though. :-)


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