post #1 dump:
(a variant of the last post's pictures)
post #1's new:
(a lot not explained; hope it pans thru, most don't)
-----
also, to anyone interested:
I updated my Trader Explorer to the current demo account I occasionally trade.
my first majority-of-time-on-demo trade (in a long, long while),
used gann fan off a spread indicator for mb trading (which is not a fixed-spread broke r),
and this is a pre-trade-exit chart -- note only the bright green, thicker lines:
0923 EST --
Well, the bright green, thicker-line Gann Fan was a bit ambitious, at least thus far. A more-candles-proven Gann Fan, in bright blue, regular (thin) lines, was more effective, if still very lacking. The lower yellow line did fine.
Only, on this trade, I feel I got the general direction in a vague way, I just don't feel I did as good a job as I could have. And, the spread-based Gann Fan idea was bogus, that I can see. I'll keep testing the spread indicator, it's just that I have to keep my platform open to record bars.
And the way I let go of the last trade, with an overly large loss, needs correcting.
The main things I want to get from this concentration on demo trading, is regular correction of my psychological errors with chart technical habits...
0933 -- I closed the trade, since the lower yellow horizontal line proved the most exactly worthwhile, and then since price went to a related, higher yellow horizontal line.
In general --
I'm trying to be more honest with myself and others about my trading abilities, which is why I now concentrate on demo trading. I'll also change my attitude in my future posts elsewhere in ff to reflect my quality (%/Hr) and level (paper, simulator, demo, pennies or full) of trading.
Don't think this is an overly passive way of being, because I have a lot of confidence in my discretionary trading, my technical chart drawing, and my ability to correct psychological mistakes. I'm much more about theory than application, though, so looking over my trading abilities, they're unevenly matched and some of the abilities lack so much as to drag the rest down all the way. So, the whole package is aligned at the level of demo or less, and thus I have a lot of work in front of me.
I mean, one day I want to live off this stuff using a very low initial capital, so the motivation's definitely there to do well at this from this point on.
Oh, and my chart studies are all over the place, in terms of what type of method I use, since I've been studying this stuff since '97 and seriously since '04. So this may deter lots of people from reading my stuff. I do have half a dozen unique ways to draw TL's etc., plus some simple theories about chart drawing in general, so that may interest some people.
On the other side of the coin, my psych stuff may deter people, due to its intense involvement, big gaps in apparent credibility, and poor explanation. I just hope others will look at it for what they can take from it, and go from there.
It looks like my thick, green lines of a Gann Fan may pay off..
That's good news for using the spread indicator.
I know so much technicals, and can go pretty much anywhere in psych, and I'm fairly set on how to get to profitability while now at a concentrated demo at most, that the journey itself may interest some people. From the PX90 site, which I read of in someone else's recent ff post:
" constantly introducing new moves and routines so your body never plateaus, and you never get bored".
That's me. I hope I can turn it into something that also progresses (my bank account).
(a variant of the last post's pictures)
post #1's new:
(a lot not explained; hope it pans thru, most don't)
-----
also, to anyone interested:
I updated my Trader Explorer to the current demo account I occasionally trade.
my first majority-of-time-on-demo trade (in a long, long while),
used gann fan off a spread indicator for mb trading (which is not a fixed-spread broke r),
and this is a pre-trade-exit chart -- note only the bright green, thicker lines:
0923 EST --
Well, the bright green, thicker-line Gann Fan was a bit ambitious, at least thus far. A more-candles-proven Gann Fan, in bright blue, regular (thin) lines, was more effective, if still very lacking. The lower yellow line did fine.
Only, on this trade, I feel I got the general direction in a vague way, I just don't feel I did as good a job as I could have. And, the spread-based Gann Fan idea was bogus, that I can see. I'll keep testing the spread indicator, it's just that I have to keep my platform open to record bars.
And the way I let go of the last trade, with an overly large loss, needs correcting.
The main things I want to get from this concentration on demo trading, is regular correction of my psychological errors with chart technical habits...
0933 -- I closed the trade, since the lower yellow horizontal line proved the most exactly worthwhile, and then since price went to a related, higher yellow horizontal line.
In general --
I'm trying to be more honest with myself and others about my trading abilities, which is why I now concentrate on demo trading. I'll also change my attitude in my future posts elsewhere in ff to reflect my quality (%/Hr) and level (paper, simulator, demo, pennies or full) of trading.
Don't think this is an overly passive way of being, because I have a lot of confidence in my discretionary trading, my technical chart drawing, and my ability to correct psychological mistakes. I'm much more about theory than application, though, so looking over my trading abilities, they're unevenly matched and some of the abilities lack so much as to drag the rest down all the way. So, the whole package is aligned at the level of demo or less, and thus I have a lot of work in front of me.
I mean, one day I want to live off this stuff using a very low initial capital, so the motivation's definitely there to do well at this from this point on.
Oh, and my chart studies are all over the place, in terms of what type of method I use, since I've been studying this stuff since '97 and seriously since '04. So this may deter lots of people from reading my stuff. I do have half a dozen unique ways to draw TL's etc., plus some simple theories about chart drawing in general, so that may interest some people.
On the other side of the coin, my psych stuff may deter people, due to its intense involvement, big gaps in apparent credibility, and poor explanation. I just hope others will look at it for what they can take from it, and go from there.
It looks like my thick, green lines of a Gann Fan may pay off..
That's good news for using the spread indicator.
I know so much technicals, and can go pretty much anywhere in psych, and I'm fairly set on how to get to profitability while now at a concentrated demo at most, that the journey itself may interest some people. From the PX90 site, which I read of in someone else's recent ff post:
" constantly introducing new moves and routines so your body never plateaus, and you never get bored".
That's me. I hope I can turn it into something that also progresses (my bank account).