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freeflyva
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Obviously....I'm exaggerating :helloooo:but there is a big difference in trading live and going in overconfident is a recipe for disaster. I do have a question though. If you divide your total losses by the number of trades, all three screens have different losses per trade. Are you getting out of trades before your stop is hit? If so....based on what?
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If I were you I would open an account and trade 1 lot live. Once you realize how different live trading is.....it will give you a whole new perspective when you return to paper trading. Until then....you're setting yourself up for a beating where you're the pinata and the market is the bat. I imagine while on the simulator you're kicked back.....watching it move....nice and relaxed. You're probably eating a sandwich.....and crunching the numbers on your calculator to figure out how many trades til you can buy that Bugatti Veyron. Enter a newbie trading live....and it's sweaty palms....jumpy mouse finger....pounding heart....and eyes darting around like someone that dropped the soap in a prison shower. On the simulator it's easy to wait out a trade going against you but when it's happening live and your hard earned cash is going bye bye....it's a whole different story. The market lets everyone win at the beginning. It likes to let you win until you get overconfident and trade more contracts. Then it's time for the Kleenex and the antacids as you scream yourself to sleep in the fetal position. At that point you'll truly understand the meaning of regret. That is....once the imodium kicks in. It is then....that your journey will begin.
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Can Anyone Please Tell Me What I'm Doing Wrong?
freeflyva replied to freeflyva's topic in Coding Forum
Thanks Tams. I appreciate it. I KNEW I should have paid attention in EL class. LOL -
Can Anyone Please Tell Me What I'm Doing Wrong?
freeflyva replied to freeflyva's topic in Coding Forum
Thanks Tams for the post.....but I've tried that. Everytime I put in the parameters and verified it the trendlines disappeared. I wasn't sure which value to assign it to....and when I put in the TL_ID....easylanguage didn't recognize it. I know TL_setstyle and TL_setcolor are the commands to use....I just don't know the specifics to put with them for my application. Thanks again for the reply. -
Hi, I was wondering if anyone familiar with EL could tell me what I need to do to make this work? It plots the trendline...but I'm trying to change 3 things. The color, the style and the length. ------------------------------------------------------------------------ Value1 = High of 1 bar ago; If H > H[1] and L > L[1] and H[2] > H[1] and L[2] > L[1] and H[3] > H[2] and L[3] > L[2] then Value2 = TL_New(Date, Time, Value1, Date, SessionEndTime(1, 1), Open); TL_SetStyle <----- I'm not sure what to put here TL_SetColor <----- or here I'd also like to limit the length to about 25 bars if possible. I realize the sessionendtime ends it at session's end....but I once again couldn't come up with anything. I'm sure the values are mixed up.....so if anyone could help me out I would very much appreciate it. Until then I'll just be sitting here pulling my hair out. LOL Thanks in advance.
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Yeah....I heard something very similar.
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Introduce Yourself Here - Don't Be Shy!!
freeflyva replied to trading4life's topic in Beginners Forum
Just wanted to say hi to everyone. -
Just wanted to say hi to everyone.
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Introduce Yourself Here - Don't Be Shy!!
freeflyva replied to trading4life's topic in Beginners Forum
Hi..... I'm a futures trader and I enjoy TL but I need 3 posts. Good luck in the markets! -
rsi, It sounds like you're sincere in your search....so I'll give it a try. Are you familiar with the terms Db used (selling climax, technical rally, test and rally)? This is a very important pattern (given correct volume supports each "leg" of the move). You're basically looking for higher support on the next reaction (if long)....and the opposite if short. The best time to exit or enter (other than the potentially risky climax) would be at the confirmation of that higher support (volume drying up on the dip) Final confirmation would be rising above the top of the previous rally (if long) and the reverse if short. Accumulation and distribution doesn't always have to be a long sideways movement. It can be visible in the ^ movement you speak of....if on the upleg you see signs of distribution. You can also compare volume and gain of the current upmove to previous to gauge supply entering the market. Of course, previous levels and the ability of price to get through them (especially on high volume) are very important also. All of this followed by lower lows, highs and closes is a good sign the party is over. Your stops should correspond to these key levels since breaking one is a significant event. They should also be moved even closer to current price if two or more conditions are present. Good luck -
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Hi, I've studied every piece of Wyckoff literature I could get my hands on in the past and I was wondering if anyone here has his correspondence course? I know SMI carries a course but I believe it's a mod of the original. Thanks