DislikedLol at the mic drop. Mack I agree with Rocky in regard to taping your sessions. I have just begun doing this and am getting to see the benefit. PA is also more 'fluid' than if you go back and use market replay to check out prior action. I use this - https://obsproject.com/ It's free and you can set it up to stream to your YouTube channel if you'd like. Or you can just have it record and save to your hard drive without streaming it.Ignored
Ratios & Harmonics: a Different Way to Trade
- #20,263
- Edited 10:57pm Jul 28, 2016 9:33pm | Edited 10:57pm
- | Joined Dec 2013 | Status: Trader | 1,118 Posts
{image}
July has been a sad month for me
hahaBTW, I don't know how you knew that dink little candle had some significance, but it did. Good for you. I hoped you profited from it. You seen a drop base drop. All I seen was indecision. but it was respected. Again nice call
- #20,264
- Jul 28, 2016 9:58pm Jul 28, 2016 9:58pm
- | Joined Dec 2013 | Status: Trader | 1,118 Posts
YM +9, +1 = +10 ES -2.5, -1.5, +1 = -3 My day was riddled with mistakes. I am extremely upset with my ES losses, they sting the most. On the first ES loss we had a harmonic pullback after price made a NSH, so I entered long. Price had given me many opportunities to get out at a small loss and a couple opportunities to get out at b/e. Even a small profit was possible yet I stayed in because I thought we would be going higher. I should not have even been in that trade because I risked way more than I usually do. I am having a hard time gauging how...
heres another. Why couldn't the bike stand on its own??? Because its two tired
Oh and heres a classic. My wife always complains that I don't take her anywhere. I take my wife everywhere but she always fines her way back home. ba-bum-tss
Thats right folks, I'll be here all week
{quote} I know what you mean. I wish I could give you some words of encouragement but my trading has been horrendous lately so.... My broker sent me an email and when I opened it, I though my screen froze red but it was just me account activity statement. lol ba-bum-tss. heres another. Why couldn't the bike stand on its own??? Because its two tired
- #20,268
- Jul 29, 2016 7:25am Jul 29, 2016 7:25am
{quote} The 89 tick on a CFD is pretty slow. I get average 1 set up a day maybe 2. what were you thinking?? maybe go to the a 1 hr or 4 hr (or tick / volume equivalent) July has been a sad month for me
Nice to know i'm not the only one who got my ass kicked this month. Had a winning month in may. great. followed it up with a winning month in june. woo-hoo. Could this be it i thought, three in a row, the thing i've been working towards all this time, something to finally show that i've made some progress.............NO.
To say july has been bad for me is an understatement, haven't had a winning trade let alone winning day for 2 weeks, either break even or loss. Things weren't this bad when i first started trading. still, its a good reminder why i still only trade micro lots and i want at least 6 winning months in a row before i even consider trading large position sizes. Things can go very bad very quickly.
ah well, at least august can't get any worse.......can it
- #20,269
- Jul 29, 2016 7:45am Jul 29, 2016 7:45am
{quote} I'm not but that is something I plan on doing once I decide to finally get a mic, lol. But I like taping it because the price action is substantially more clear vs using market replay. Using market replay data is relayed in second increments thus delivering a 'choppy' experience. The market does not work like that. Recording the session provides a more fluid look at how the bars form and how the market progresses. Not only that but you can get an idea for what you were thinking at the time when you enter trades. Unless you have a photographic...
hey jmezz,
i've downloaded OBS, is there any way to change the frames per second while recording, i used to use this http://www.nchsoftware.com/capture/, its very very basic, but could record the screen so that i could watch a 3 hour trade session back in about 20 mins. I found this useful to condense the sessions for watching back on a weekend.
But i like obs, its much snazzier and gives the option to live stream to youtube, which i hope to do one day when i become consistently profitable (probably sometime around the end of the century)
To stavrojin - recording trade sessions is a great thing to do if you trade on low time frames. Seeing price unfold and the decisions you made, while sitting back on a weekend in the cold light of day, really gives a good insight that its easy to miss in real time. not having a mike isn't a problem, as you watch back you will see some trades you took that made perfect sense (these tend to be winners), but other times you won't be able to remember why you took a trade even tho you must have had good reasons at the time (these tend to be losers). It also helps with emotion, you can see the decisions you made in real time and how these sabotage your trading, all in all, well worth a try.
- #20,271
- Jul 29, 2016 8:03am Jul 29, 2016 8:03am
- | Joined Mar 2016 | Status: Trader | 1,068 Posts
{quote} Nice to know i'm not the only one who got my ass kicked this month. Had a winning month in may. great. followed it up with a winning month in june. woo-hoo. Could this be it i thought, three in a row, the thing i've been working towards all this time, something to finally show that i've made some progress.............NO. To say july has been bad for me is an understatement, haven't had a winning trade let alone winning day for 2 weeks, either break even or loss. Things weren't this bad when i first started trading. still, its a good reminder...
The instances in the past where you have contributed have all been thought-provoking, think it would be beneficial to see you be more active in the thread however I realize and respect the fact that not everyone wants to be super involved in online forums.
Regardless, am thankful for what / when you do contribute.
{quote} hey jmezz, i've downloaded OBS, is there any way to change the frames per second while recording, i used to use this http://www.nchsoftware.com/capture/, its very very basic, but could record the screen so that i could watch a 3 hour trade session back in about 20 mins. I found this useful to condense the sessions for watching back on a weekend. But i like obs, its much snazzier and gives the option to live stream to youtube, which i hope to do one day when i become consistently profitable (probably sometime around the end of...
And agree on all accounts regarding recording trades. I will like the vids more when I get a mic and can talk through my analysis as the day progresses but will probably pick up a fair amount of profanity as well lol.
- #20,272
- Jul 29, 2016 9:01am Jul 29, 2016 9:01am
{quote} Would you be willing to post some of your trades so that maybe others (and myself) could perhaps try to gain some knowledge? Completely understandable if you prefer not to, dealing with one's own mistakes is extremely difficult sometimes. I know there have been times where I have not wanted to deal with / post my own here, haha. However, the fact that there are quite a few of us who have been bombing the past month makes me think that clearly there is something that we are not understanding. The instances in the past where you have contributed...
when i open a trade i only give price one candlestick room to breathe, i ALWAYS set a stop loss but try to keep it away from the action and close out the trade manually.
This gives me a very low win rate and i can't imagine any veteran trader thinking this is a good way to trade and many would say this is why i keep losing all the while.
to be fair it probably is, but i'm a stick in the mud and this is the way i want to trade. (at least for now)
my reason for this was my final reason for entry is always bar by bar and once price goes against me i don't see the reason for staying in the trade and hoping it will turn round again, more often than not it never did.
here's 1 of 2 trades i took yesterday
p.s. i'm also slow at these posts lol, this has taken me over half an hour
anyway, all the big data is out now so lets see if there one more opportunity.
- #20,273
- Jul 29, 2016 9:41am Jul 29, 2016 9:41am
aaahhhh, i was posting on the thread and i missed this trade lol, never mind this months been a write off anyway, altho if this trade hits target (55 pips) it would have wiped out all the losses from the last 2 weeks. i take a lot of losses but they are tiny.
right now my trading is very basic, in the chart below the expectation was a NSL, we have broken out of the range and price is trending which increases the probability of the expectation. price came back to a previous blue line on my chart and the bears took over on the bar by bar. and thats pretty much it. time to go short.
when these setups occur they tend to do very well, the problem is just waiting for the damned things. lately price has just been a complete chop fest.
also, I would have been more confident in this trade because it was backed by fundamental drivers and less likely that price would have just returned to the chop.
right now my trading is very basic, in the chart below the expectation was a NSL, we have broken out of the range and price is trending which increases the probability of the expectation. price came back to a previous blue line on my chart and the bears took over on the bar by bar. and thats pretty much it. time to go short.
when these setups occur they tend to do very well, the problem is just waiting for the damned things. lately price has just been a complete chop fest.
also, I would have been more confident in this trade because it was backed by fundamental drivers and less likely that price would have just returned to the chop.
- #20,275
- Edited 10:45am Jul 29, 2016 10:13am | Edited 10:45am
- Joined Mar 2008 | Status: Trader | 1,728 Posts
11;40 HRS...Closed trade at 1.8384. Have a good weekend, Rocky!
- #20,276
- Jul 29, 2016 10:30am Jul 29, 2016 10:30am
yup it hit
and so did usd/cad. My general trading right now is so basic i won't bother marking the chart below, i reckon most folks will see where i would have entered short when i would have exited the trade manually and where i was looking to take profit.
ah well, the question is, if i hadn't been posting on thread would i have took these trades anyway after such an extended losing streak or would i have bottled it.
lesson to self - the months not over till the fat lady sings, don't doubt yourself.
In the future i'm looking to get a little more sophsticated, right now i just wanted to see if i could get three months profitable by just trading uptrends and downtrends, then in the future look towards different trading enviroments and slowly build up one layer at a time until i can get to the point where i can be like mr. pip and just sit down at one single chart and trade whatever is in front of me. never underestimate just how difficult that is to do. its funny but the more i do this the more i appreciate just how phenomenally good damian is at trading.
and so did usd/cad. My general trading right now is so basic i won't bother marking the chart below, i reckon most folks will see where i would have entered short when i would have exited the trade manually and where i was looking to take profit.
ah well, the question is, if i hadn't been posting on thread would i have took these trades anyway after such an extended losing streak or would i have bottled it.
lesson to self - the months not over till the fat lady sings, don't doubt yourself.
In the future i'm looking to get a little more sophsticated, right now i just wanted to see if i could get three months profitable by just trading uptrends and downtrends, then in the future look towards different trading enviroments and slowly build up one layer at a time until i can get to the point where i can be like mr. pip and just sit down at one single chart and trade whatever is in front of me. never underestimate just how difficult that is to do. its funny but the more i do this the more i appreciate just how phenomenally good damian is at trading.
- #20,278
- Jul 29, 2016 5:23pm Jul 29, 2016 5:23pm
- | Joined Mar 2016 | Status: Trader | 1,068 Posts
ES -.5, +2.25, +.5 = +2.25
YM -7, +19 = +12
NQ +3.25, b/e, b/e, b/e, +2.5, -2.25, +.25 = +4
Missed the big move today but was able to scalp for some.
I am thinking of ditching the ES and replacing it with NQ, going to take the weekend to mull it over.
YM -7, +19 = +12
NQ +3.25, b/e, b/e, b/e, +2.5, -2.25, +.25 = +4
Missed the big move today but was able to scalp for some.
I am thinking of ditching the ES and replacing it with NQ, going to take the weekend to mull it over.