Williams%R, SAR X-over 15 minute candles

Nice EU Session,
Not much in terms of points, but happy with management.

Nice, left a bit more room on SP if it should go didn't work out. Still nice little trade. A coffee break now for indexes, the PA is getting messy
EU is lovely waiting to see if it will setup any good entries. Will be conservative, CLose to target for the day so wont let the greed play any role in trading today

Finally did some trading, was enjoying my time away from the screen. Between last week and yesterdays had 3 birthdays and 2 graduations. Will post trades in a little while.

Perfectly fine first day back 4 trades. 3 wins and 1 B/E. Done for the day.

Last trade for the day.

Just a little note to anyone that needs to see/read/hear this. LESS IS MORE!
For countless days and hours, I have sat up against the market trying to prove to myself and the market that ¨hard work¨ always pays off. This shit will get you murdered in this business. Hard work here is discipline, to work concentrated intense but rather short intervals, hard work is following your rules to the T, not letting your emotions run you over. Long hours studying and practising but short hours trading, be picky. I printed out a perfect (to my eyes) looking chart RP posted to have as a reminder, of why I'm waiting and why I don't trade every little candle for every little break. I have come far in this business but I don't fool myself for a second I know the best, market is the boss I will be learning to the last day I trade the charts, but with every lesson learnt I make sure I remember. It's not about perfecting but progression

Kind of disjointed PA in NY session. Got lucky and hit 2 nice trades a long followed quickly by a short. No real strong patterns but volume is good.

Done for the day 2 more trades on euro. First short on PA structure, second short on break of consolidation.

Haha, got tested today. Like I said yesterday, the market is the boss and it will be respected.
I take responsibility with all this, Day is done with Break even.

Had some issues with computer this morning, lost my workspace. Fortunately didn't happen while I was trading, but spent last 30 mins. putting it back together annoying.
3 trades 2 on euro longs and big long on MES. Done for the day.

Hola People 4 trades today 2 on MES 2 on Euro, Pretty standard stuff PA on MES very good, Euro day started towards end of a long move down so PA soso.
Struggling a little bit lately, I have my week or 2 periods when I feel bored and unfocused. Bored is what I'm mostly feeling right now. As my wife can testify I can get moody. But it will pass, this is when I tend to experiment with new ideas. Anyway excuse my ambivalence of late,

1 Very good euro trade. MES is meh.

Nice trading-
I watch this thread from the sideline a couple months but I trade with a different approach ES contracts.

Just curious why you trade MES instead of ES.



Best,
Guido

I like small stops $250 max for me. Which on ES can be problematic. On MES I trade 5 contracts so my stop allows me some room and I don't get the quick stop outs on reversals.

Agreed, risk management is most important, but MES jumps up and down a couple ticks and fish nervous orders.
I also started with MES and I must say, the behaviour of ES is much smother.

EU ok trading some mistakes made, still nice profit.
NAs and SPX a different story, two big winners missed, so no profit there, am a bit mad, but it is what it is.

NAS chart

Great words of wisdom! Congratulations on your journey with RP's system. Could you share your own personal stats with it ? I once started practicing and backtesting it, because I loved the simplicity, but ended up feeling it wasn't for me due averaging a 0.8:1 (negative reward to risk) and a 49% strike rate, so I didn't find an edge for myself. What's your take on this ? thanks.

Can someone show me Rockpoint template and indicators that are being used? I can't find. I went to post one and forward about 100 pages, but can't find.
ron

When I am obeying my rules or rather trading according to plan, I average a win rate of 70-79% with a Risk to Reward of
1:2/2,5 somewhere in that region. Through my eyes edge is huge, especially with renko charts.
But when I succumb to emotions, the picture is rather different. It is improving, when I started mostly I was losing 9 out of 10 trades. Now I am happy to report a bad day mostly means a 40% win rate but still mostly a 1:1,5/2 Risk reward profile.
Lately, my journal is filled with the phrase, it truly isn't in the strategy but in the man executing it. Yes rules are dramatically important, an edge must be there, but minute issues in execution can render that edge useless if you don't hold yourself accountable, and actually learn and improve on those mistakes.