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AJ's Journal
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AJ's Journal

  #481 (permalink)
Elite Member
Nashville, Tennessee
 
Futures Experience: Intermediate
Platform: Ninja / Jigsaw / 9G
Broker/Data: AMP / CQG
Favorite Futures: NQ, YM and ES
 
tderrick's Avatar
 
Posts: 1,589 since Sep 2010
Thanks: 4,260 given, 2,527 received


PandaWarrior View Post
You're running out of days to replay...time to go live?????????????

That's the plan... get current with PA feel, then release the hounds

terrified and excited all at once


AJ
Nashville, Tennessee


"Life On The Edge of SR"
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  #482 (permalink)
Elite Member
Nashville, Tennessee
 
Futures Experience: Intermediate
Platform: Ninja / Jigsaw / 9G
Broker/Data: AMP / CQG
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Posts: 1,589 since Sep 2010
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6-25-12 Replay Study

Monday, 6-25-12 Replay Study

I've been practicing slowing the replays down to 1X. Getting my mind right for the waiting
game. Thank God for bar timer alarms.

The standard entrys. Nothing new.

I have made a target rule for tight channels, however. Targets = 1/2 the width of the channel. Then
when price breaks, I move to my standard 15. Once price breaks, I'm always looking for nice easy
larger targets if they are no brainers. So, at least 15, but always looking for more.


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AJ
Nashville, Tennessee


"Life On The Edge of SR"
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  #483 (permalink)
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More of the Scalping Gag


This system appears to work well for me.

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AJ
Nashville, Tennessee


"Life On The Edge of SR"
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  #484 (permalink)
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In the heat
 
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tderrick View Post
This system appears to work well for me.

ya think....its starting to get a bit monotonous you posting your wins every day. A loss, now that would make it interesting......

Simplicity is the ultimate sophistication, Leonardo da Vinci


Most people chose unhappiness over uncertainty, Tim Ferris
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  #485 (permalink)
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One More Try at the Past

Wednesday, 6-27-12 Replay Study

OK... I'm giving myself one more chance to trade, as I see it, "correctly"

Target based entrys / exits.

I will use the same entry style. Since this is attempting to trade at a true pivot in price, why not try to
hit a home run each time.

I have been willing to just let price run off without me after I gather my 15 ticks. That doesn't seem to
make sense to me.

I simply can't go live again with this chewing at my guts. Whichever style I decide on. I have to feel it in my
soul. No wishy washy crap again.

Here is my first attempt...

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AJ
Nashville, Tennessee


"Life On The Edge of SR"
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  #486 (permalink)
Elite Member
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PandaWarrior View Post
ya think....its starting to get a bit monotonous you posting your wins every day. A loss, now that would make it interesting......


Believe me, PW... I think the same thing every time I post. I actually over traded one day to log up a losing
day and I just made more. I find it uncomfortable.... like the game is set on "beginner" and when I go live, the
trading gods will switch it to "master" and take all my money.


AJ
Nashville, Tennessee


"Life On The Edge of SR"
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  #487 (permalink)
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In the heat
 
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tderrick View Post
Believe me, PW... I think the same thing every time I post. I actually over traded one day to log up a losing
day and I just made more. I find it uncomfortable.... like the game is set on "beginner" and when I go live, the
trading gods will switch it to "master" and take all my money.


Actually the game is set on "Demo".

Simplicity is the ultimate sophistication, Leonardo da Vinci


Most people chose unhappiness over uncertainty, Tim Ferris
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  #488 (permalink)
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Posts: 1,589 since Sep 2010
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Let 'em Run

More work on larger targets.

I read the main levels well, but got a little careless at the
end.

I'm not convinced that letting price run in TF is the best strategy.
Taking the set 15 ticks on each trade would have had a similar PnL.

The TF is so violent that a true trend rarely happens.

I'll spend a bit more time with it. I will probably use both.

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AJ
Nashville, Tennessee


"Life On The Edge of SR"
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  #489 (permalink)
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Happy 4th of July !!

I opened up my charts to the 29th of June to see PA I have never seen before.

I had to magnify in on my 5 min chart because I couldn't see any detail of my entry. 3 huge
5min bars happened at 10pm the 28th.. I've never seen this before.

Then I remembered, this was the huge rally day in the markets.
I was tempted to cheat by getting in at the first PB to the ema 20 and just letting it run all day, but
what good would that do.

I took two of the most classic PB to MA entries I have ever seen in TF and called it a day,
just as I would have done normally. I wasn't letting them run because I was trading into major
weekly resistance. I can't believe I made that much just on a couple trades to retest the high.

Some people probably made their year that day.

a 50 tick day is a great day for me as a lowly account builder.

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"Life On The Edge of SR"
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tderrick View Post
Thursday, 6-21-12 replay study

I am very close.

My final preparations involve my mind. I'm absorbing "The Daily Trading Coach" and applying it, not only to my
trading, but my life as well.

My technique appears to be sound.

I am documenting my rules and trade for reference and modification in the future.

My Rules

1.) Protect my capital.
2.) Use good RR. I will apply this by using 1 : 3 ratio on a small scale involving 5 minute bars.
3.) I will not take any BO trades.
4.) I will only use limit orders at Price Areas I have researched to be successful more times than they are not.
5.) Protect my capital.
6.) I will stop trading when my Daily Target is hit.
7.) I will stop trading when my Daily Stop Loss is hit.
8.) Protect my capital.
9.) Rules 6 & 7 will be modified only after I have been profitable for 1 year.
10.) I will protect my capital.


The Definition of my trade is...

1.) The Signal Bar. This is a 5min runner bar of good strength. ( several may occur )
2.) The Transition bar. This is the bar that siganls exhaustion with a sizable PB wick in the direction of the trade.
3.) The Limit Order is placed either at the tip of the wick or, 1 to 2 ticks in, depending on PA. The order is filled
when price re-tests this level. Stops do not need to be far above this level. I use 5 to start, but usually lower
it quickly as price pulls away. Price rarely exceeds the exhuastion wick by more than 1 or 2 ticks if the trade is
chosen correctly. Usually it comes up 1 or 2 ticks short.
4.) The ideal trades, of course, are around SR levels. But, not exclusively so.
5.) Avoid taking trades on the "Inside" of PA. Meaning, the trade should be a swing point.


Daily target hit on today's testing


'


This is really outstanding work here, and I admire the systematic way you are building your trading regime.

I too am a Brooks disciple, so I do recognise the setups you are concentrating on. Particularily the PB from off double tops and double bottoms. I still concentrate on these for my entries on the 5 minute, and it is a very good pattern that I take when I am looking reversal. I have adjusted it a bit over last few months, but for a long while, it was 1 of 2 patterns that I took almost every time. The other was the spike down on an exhaustion bar, which on a shorter time frame, is really a double bottom ( or top) on a shorter time frame, particularily how it paints.

Seems that this, in conjunction with your discipline to your rules has really helped your trading. Your posts exude confidence.

The only thing that makes me cringe...the 2:30 am wakeup call.

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