Entry is a science, exit is an art.
Yeah, my data had a few typos, mistakes as well. That is the other beauty of collection 100's of trades. 1 mistake does not heavily affect the statistics. As far as I can tell, the extensions past 100AB and 0AB are 50:50. I wish I could find a way to extend the winners a bit (both 618AB entries and StopNRev), but so far, no luck.
I am struggling to determine my next direction. As I mentioned, one option is to replay historical ticks and gather more data. Option 2 would be to collect all my charts and start sorting and identifying features...
Today for example I had 4 consecutive losses, because my sentiment on EurUsd was bearish at all and I didn't even considered a few trades on the long side (again
, it's the second time). I want to find a variable that tells me when is better to go long or short. I was thinking about the Price Action of the last swing, lower swings -> short, higher swings -> long. How do you act on choosing long or short trades?The Option 2 you mentioned it's interesting. Maybe we can find something else that can help us with the analysis. I think the key is Price Action, but it's hard to find its secrets
I'm in real, and I can guarantee that it's a bit different. Many times I've missed some trades just because I had before 3-4 consecutive losses, or because I hesitate 2-3 seconds too much. I think that going real helps to improve psychology and the control of emotions, so it's a training itself. So I suggest you going real.
Today for example I had 4 consecutive losses, because my sentiment on EurUsd was bearish at all and I didn't even considered a few trades on the long side (again
I do like Option 2 especially given my collection of charts. I am sure there are qualitative features of winners and losers, but seeing depends on how well I capture the market in the screen capture. Maybe option 2 plus additional charts via historical replay would be the best of both worlds.
I hesitate to say "Price Action" for my determining factor for a trade as I am not at my desk all day. Hence, I need some features/criteria that I can see as the wave forms rather than features/criteria I see as the market nears point C. I certainly think there will be filters available for the StopNRev if I decide to use that style. My inclination is looking at structure and/or higher time frames. At the same time, I see good winners during market turns, so going with the trend and all those other great sayings may not work.
More to come as always!
