8/17/07 General Trade Log / Idea Sharing

[AbeSmith 10]

Hello. Asian markets are down, with Nikkei and Jakarata down over 5%. Most European markets are up. Dow is up. The big news is Fed cut the discount rate. Good luck.

[AbeSmith 10]

Trade 1: +20.

[TinGull 10]

 

Abe, notice how when price came into R2, the bodies of the candles got teeny?? This is what I was talking about. You could've gotten short around 13180 and then exited at 100. Much better than a 20 point gain just following those simple steps I outlined yesterday. Did you do anymore testing on that theory of mine?

[AbeSmith 10]

Trade 2: -8.

[AbeSmith 10]

 

Abe, notice how when price came into R2, the bodies of the candles got teeny?? This is what I was talking about. You could've gotten short around 13180 and then exited at 100. Much better than a 20 point gain just following those simple steps I outlined yesterday. Did you do anymore testing on that theory of mine?

 

Thanks Tin. I was away from my trading screen at the time so I missed that. Then I saw that it looked like it was heading down, so I figured it would go to the pivot and I could get a quick scalp out of it.

 

I haven't done any back testing on that theory but I'm keeping an eye on it in real time.

[AbeSmith 10]

Trade 3: -13.

[AbeSmith 10]

Trade 4: -11.

[AbeSmith 10]

Trade 5: -5.

[AbeSmith 10]

Trade 6: 0.

[AbeSmith 10]

Trade 7: +29.

[AbeSmith 10]

Trade 8: -5.

[AbeSmith 10]

Trade 9: -1.

[AbeSmith 10]

Trade 10: -11.

[TinGull 10]

+35 on the day with 2 trades. 15% over my goal, so that's OK with me.

 

[AbeSmith 10]

Trade 11: +9.

[AbeSmith 10]

+35 on the day with 2 trades. 15% over my goal, so that's OK with me.

 

 

Nicely done Tin.

[TinGull 10]

Thanks Abe. Brilliantly sticking with a plan. Makes trading so much more fun.

[AbeSmith 10]

Trade 12: -13.

[MrPaul 10]

Abe have you considered adopting a strategy, trading it, then comparing it to others as you go along?

 

It may give you a better idea of what/how you like to trade and give you clarity as it relates to what works and what doesn't.

 

[AbeSmith 10]

Abe have you considered adopting a strategy, trading it, then comparing it to others as you go along?

 

It may give you a better idea of what/how you like to trade and give you clarity as it relates to what works and what doesn't.

 

 

Paul, I feel I have a strategy. It is to keep trading and learn from trial and error. Over time I expect that I will learn what works and what doesn't. It sounds crude and unacademic but it is simple and gives me peace of mind. One might say it is a qualitative approach.

[MrPaul 10]

Paul, I feel I have a strategy. It is to keep trading and learn from trial and error. Over time I expect that I will learn what works and what doesn't. It sounds crude and unacademic but it is simple and gives me peace of mind. One might say it is a qualitative approach.

 

Hey if it gives you peace of mind then I can't argue with that!

[AbeSmith 10]

My trading summary today:

 

12 roundtrips, -9 points, $96.12 realized paper loss.

[TinGull 10]

What did you learn from today's and this weeks trading if you're "plan" is just to do trial and error to find out what works and what doesnt?

[AbeSmith 10]

What did you learn from today's and this weeks trading if you're "plan" is just to do trial and error to find out what works and what doesnt?

 

I'm learning patience, discipline, and money management.

[TinGull 10]

Good, but one thing you should also be trying to learn is your entry and exit techniques. I haven't really seen improvement in that arena yet. Maybe something as simple as even watching for higher highs and higher lows and entering on the 1st higher low to go long would be a start. There hasn't been anything vocalized yet on your entry methodology. I'd love to help more, but haven't seen anything on your part to show that you're wanting to learn about those sorts of things.