Thank you for your concern. I've gone back to demonion only, so my account is plenty big. I only wish to get a handle on the procedure in market. I obviously have a long way to go.
Thank you for your concern. I've gone back to demonion only, so my account is plenty big. I only wish to get a handle on the procedure in market. I obviously have a long way to go.
Hello Lawnman,
When it's any consolation I hit my stop loss for the afternoon a little earlier and was on a similar short on the last one to shed 48 points. My trades today were:
-45, -2, 4, 9, -41, -43, -55, -34, -48 = -255
6 x winners
3 x rest even
0 x winners
I'm likely to restrict stops to 40 max and not accept trades if setups lead to worse declines. Monday was poor.
I found something I have a question about. Perhaps its been covered.
What to perform in the 127%?
So lets say we've got a NSH and a pullback to 61.8 and you enter after a rotation. Proceed to BE at test of structure and it goes higher to the 127% extension. So I really could take profit, but I could miss a runner.
My egy I'm testing is to take half profit in the structure and trail the other half (needs multiple contracts). The problem I see is if it extends to the 127% and rotates down, I must be expecting a pullback to 61.8 or so and yet another NSH. So my trail on my next half would need to remain below structure so it has room to pullback for a LH and then a NSH. This could be a new trade as well.
My first idea would be to shut second half if its a strong rotation off the 127. I am able to reenter long after another pullback. I think if I abandon my trail with sufficient room for the pullback, I could be my R :R. I could be getting 1 contract in structure and just one less than structure. So a winner won't offset a loser when SL was hit by both contracts at times.
I have a bit of an example from now.
I should probably do the same, it had been easier to trade smaller before the volatility went upward (swings are bigger now). I am also looking for a balance between chickening out and overtrading.
2 losses and 1 win today
Complete = -12
Initial commerce I was thinking it was likely to move against me tightened my SL until it did for -11
Second was an expectation failure but I should have predicted it based on where it was on the longer term -26
Third was a long that got to BE and then secured in 25. It took me out and then went on to expectation 25
edit: 1 transaction for 40
28 on the day
I do not think there's any right/wrong answers. In a trending market, I never take profit employing a take profit and exit my commerce trailing so 2/3rds of the period. That of the time when the market runs, can make up for the points. If I take profit, state in the 127 it's due to the lack of momentum coming that target.
I would like some review of my transactions today. Be truthful, I will take it. Lines of the identical color signify swing and entrance point. Thank you.
1. Green swing, immediate OF, saw turning at 100%, was somewhat spontaneous honestly. -20
2. Turning near structure, yellow swing NSL. 58
3. Red swing NSH, turning @ .618, BE at structure. 3
4. White swing NSL spinning @ .886, bulls weakened some. -35
5. Blue swing, intermediate OF, NSL spinning in AOI @.786 with considerations in teal and olive oil. -58
I think I'd concur with you. In all honesty, taking half in the construction is more of an emotional crutch at the moment. So there is a win guaranteed at the point, second half is BE. If anybody looked in the 127, just wasn't certain. The case I submitted had a rejection implying it might go lower. Expectation remains NSH and pullback so that I might have left my next half of the trade at BE. It just leaves the trail a little harder because the pullback can erase choice candles.
Lawnman that seems fine to me, you know which order flow you're trading and keeping your expectations in line. My only comment would be when you're trading that instant order flowa 233T rotation can be overly pricey. I try to keep my tick chart correlated I'm hoping and that's ever changing. I would like to see spinning candles to create my decisions.