Have woken up to find my missed trade has cost me +10 at 4th level 3rd trade...cost me big time as losses very small....damn, damn!! ...can't be here 23 hours a day and I do have a life. The trades would have been

S130625
L 130800...and it hit

In summary, the 1st series was (3 1/2)...2nd series was net ( 1 1/2) as had a profitable trade...3rd series was net profit...+3...

Overall series was net loss (2)....plus comms on 30 contracts... a pain

Have a chance to update

S2925...3rd trade
L2950
S2875

Posting a journal covering a simple ES trading strategy that has a base 10:1 (win/risk) where the returns deminish over each loser in time .

I am computer illiterate so getting me to set up charts etc will be a challenge...

In the meantime, I can say the settings are a 5 point price range bar and an ema setting...that'it...

The average loss runs around 1 point...profit goal 10 points... Average trades per day varies between 3 and 6 .

After 5 consecutive failures will increase allocation by 1 contract...and every 5 consecutive losses will continue to add another contract.

Account adequately covers initial loss by approximately 480 times.

I shut down trade before close and re open...just a habit I have developed...can go for me as against me...

Downside... needs 23 1/2 hours attention!!!... and a lot of patience...and there will be times that I am going to be "lucky" by missing a trade as I can be very unlucky if it hits and I am not on it..I accept that.

ES market volatilty suitable for trading this method......not perfect..won't get rich ,but will be profitable..

In the meantime I trade ES and 6E ...maybe journalize a strategy in 6E at a later date...

To each his own, but if there is one thing I would like to say is that I have finally come to grips with being properly capitalized to trade...

Hoping journalizing will keep me focused and assist in maintaining discipline.

Trader

To answer in reverse

Williams% is voodoo...I trade using it as a contrarian indicator from what it is intended...only used when I have not a trade on..runs around 50% ..pretty much most of the time.

CMO is work in progress...has high probability signals around +/- 40 and 50 'breakdown'

I use EMA100 and a 5 point momentum price range...seems to be unique to OEC...so you can look at straight 5 point price range using other platforms...

I was going to switch brokers and go with Ninja...have completely backed off and will definitely purchase MultiCharts and stay with OEC..

BUT I will need help with writing my stratgies to go 'auto' as I am pretty dumb when it comes to computers .My strategies are simple with just a couple of conditions related to order placements and stop loss ...the latter runs off daily opening balance percentage NOT price ..
Someone?