i went live today and took 42.30 long & 42.36 short ... bad start
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Dislikedi went live today and took 42.30 long & 42.36 short ... bad startIgnored
Dislikedi went live today and took 42.30 long & 42.36 short ... bad startIgnored
Dislikedthanks for this jt .. i'm putting together a table of what i should have traded and what i actually traded over last couple of weeks and there's a big difference between the two. I like the sounds of that 20 trades rule ... will try and stick to itIgnored
Disliked{quote} It's SO tough, but it almost always seems to happen this way. I always remember Douglas' exercise which is to truly commit to a series of 20 trades before reviewing performance. No rule changes allowed during this period & monitor % correct, ie. how many execution errors made (failing to see and take a live trade counts as one type of execution error). And although I've said this before, even though I have had some stellar winning streaks over the years (my best quarter remains 84% wins on 116 trades - back around 2008), I ALWAYS stress...Ignored
DislikedThanks Divergence. Am looking into it. Are you still trading the 2 or 3 bars same colour and pin bar pull back?Ignored
Disliked{quote} If you haven't read Douglas' "Trading in the Zone", which includes the 20 trade exercise, it's a must-read (... and if you search carefully the whole book has been posted here at FF - shhhhhh, don't tell anyone...). Good to make the comparison you mention : if you see you typically trade at, say, 60% of ideal, then that gives you a realistic idea of what is possible NOW and a yardstick against which to measure improvement. As you know from my post above, my stress test yardstick is set very low at 33.33% winners : if I have a month with...Ignored
Disliked{quote} The pattern I shared in this post triggered a thought of when I was first introduced to the 123 pattern and the hook which follows the break of the pattern in essence its trading the pullback. I never understood the ledge and consolidation setups till I used range bars. I recommend googling the law of the charts and also traders trick entryIgnored
Disliked{quote} I too found Douglas's books (both Disciplined Trader and In the Zone have the 20 trade exercise). I'd recommend buying them as hard copies. This way you can read them away from the computer, you can underline and write margin notes and highlight and scribble question marks and all kinds of things that will allow you to experience these books and make their lessons your own in a way that will likely not be possible simply scanning them line by line on a computer screen. And for anyone who does decide to make a serious and committed attempt...Ignored