This is the continuation of the last day of the TF test. Replay of 4-1-11
Good PB entry that stalled somewhat
Re-entry of the same trend
To be honest my heart wasn't in it and I just wanted to get the trades in so I could call the test complete.
Up $172 for the day.
Up $410 for the week. I lost some concentration this week and started pushing the envelope of
what I could get away with. Almost bored.
So that's it.
Two months of replay data testing out a new market for me - the TF
75% winning rate
avg win $135
avg loss $91
I proved to myself that I can win with this system.
I want to try one more thing before opening up the coffers again, however.
My system is highly subjective and discretionary. I must be well rested and feeling good, which
being a recording engineer, is rare
I know I can read raw PA now and that is a wonderful base to work from.
I want to look into a system that is a bit more mechanical to help me on the days I'm not
quite feeling up to snuff.
The Felton system is quite intriguing. It is not such a departure for me that I feel llike I'm starting
over and with those wacky colors and dynamics, I feel like I'm working in a cartoon, which is
So I'll give Roger's technique a couple of weeks and see how goes. After a quick comparison
between the two, I'm off to, hopefully, make some cash.
The only thing holding me back now are my emotions. The last hurdle to going pro.
...and ohh!, what a hurdle that is for me
"Life On The Edge of SR"
Last edited by tderrick; April 16th, 2011 at 04:31 PM.
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I just can't stand to trade off signals. The Felton system will have to wait. I can't deal with that many trades.
I like to pick my battles carefully and I just can't see PA through all that stuff.
So here I am. The same place I have returned to for the third time. It must be right for me.
These are the same old charts I have been using. Just trying to hammer out the last few details.
I'll take another week or so to clear my head of my silly excursion and then I'll be ready to start
taking some live trades again.
Replay of 4-6-11
Prior day saw a huge bullish run in the morning followed by a 50% sell off at noon.
Globex saw steady buying all the way to the previous high. Consolidation set in at
I am allowing myself 1 pre-market trade for a small scalp.
Then my normal 3 trades for regular market hours. I feel this is a great way to get back in the
swing of live trading. I will try to let my winners run and cut my losers short. I may give myself
a couple of Mulligan BE+1'ers. We'll see how it goes.
First day back to "real" trading.
Trade 1 pre-market
Entry on a Winfrey PB +3
A PB entry long after a failed break short. +19
One thing I did gather from Felton is that if you make a decision, get in quick to get as much
of the move as possible. This leaves the stop fairly tight also, although I'm tending to bail
pretty quickly if it doesn't move my way within a minute or so.
This PA seems to happen in the TF quite a bit. A swing one way, then a test in the other direction
at the open. This is why I can usually be out in less than on hour with my profit target.
Price failed three times to break higher. I entered short on the break of support . It gave me
some heat, but it finally gave.
I was wanting to trade this as an inside bar, but I saw something on the 1 minute chart that
I thought would give me a jump. wrong. I have a bad habit of messing around when I get up
big. I must firm up my rules.
It feels good. I have finally settled on a system. I like to read raw PA as it interacts with MA's and SR.
Almost ready for some game minutes.
"Life On The Edge of SR"
Last edited by tderrick; April 22nd, 2011 at 09:21 AM.
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