My objective is to learn the skill of flawless execution of my trading plan
vidvad's 2023 4-9-18 ema journal 62 replies
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Disliked7 possible set ups today. Candles can form very fast so need to be concentrating fully when price nears trade levels. I have noticed that intra candle action can be highly volatile and price tends to whipsaw back & forth while it is forming. I am still establishing a Risk / Reward that I will be comfortable with. I will describe reasons for the trades indicated and will then dig deeper to find a way of seeing an end result – either positive or a loss. The intention is to find repetitive action that might allow me to extract a few points ( 4 ticks...Ignored
DislikedThe first look at how the trades unfolded. Not a great starting result. First impression is that entries were far too late. A fair chunk of the move is almost over in a lot of cases. The trades were over real fast - there is no time to THINK or double guess whether a trigger is going to be a good one. All charts look great in hindsight when we can see what's actually happened. Anyway - I will go again tomorrow morning {image} {image}Ignored
DislikedThe first look at how the trades unfolded. Not a great starting result. First impression is that entries were far too late.Ignored
Disliked{quote} Are you using the bar status indicator by ninza.com by chance? I find it very helpful in that it lets me see at a glance exactly at what price I want to have my buy stop or sell stop to enter a position.Ignored
DislikedTook almost 11 mins to complete and as yet I have not formed a way to manage this length of trade ie Moving to Break Even plus xx ticks. This one rambled along -peaked at +38 then retreated to take the full 40 stop loss. }Ignored
DislikedDay 5 - now half way through. Only 1 legit trigger which was a loss. Trades marked as 2 & 3 were both looking possibilities but there was no space between the 34ema and the 8 channel. As the trigger bar closes the ma's have not yet printed so my conditions were not met to pull the trigger. Exactly the same as the late down surge yesterday. Fortunately this is all in sim but will have to find a way to jump onto these little beauties. I wonder if using a displacement value on the ma's would be ok?? Any suggestions on that for later when I can reassess...Ignored
Disliked{quote} I'm not sure that "space" Again, I realize I'm noting all this in hindsight, and in hindsight I have a 100% win rateIgnored
Disliked{quote}There is definitely some truth about the slope of the ma's. It does seem to indicate greater strength in a move.Ignored
Disliked{quote} Question - you mention the 8/21 ma's. I am guessing the channel no longer applies in your trading? Thx for helpingIgnored