oldcat's daily Es trade, criticize welcomed.

oldcat

xiaomimi 发表于 2013-4-17 09:38 AM
oldcat, how do you set the stop price? thanks

I make 2 points mental stop or 2 tick above/below signal bar and will raise the stop if in the money. Did not honor my stop today so probably will place hard stop.

oldcat

6/17
6:56 long 1557 sell 1550.5 -6.5

Review:
did not trade well today.
Thought uptrend started at 6:45, enter long at h2.
when the trade did not go well , I did not cut but hold on believing the day low will hold and lowered my mental stop.
The reason made me believe that is the previous leg from 1552 to 1558 is strong than the down leg.
No more trade since daily maxim of lose reached.

Do you think  strength of leg is helpful in trading? I also read from emini-watch said at least 4 points stop needed to deal with the range of emini, what is reasonable stop size you are using?

greenback

oldcat 发表于 2013-4-17 04:22 PM
6/17
6:56 long 1557 sell 1550.5 -6.5

Did you follow Al Brooks's stop loss based on the signal bar? I only wanted to trade the breakout in the afternoon, but it never materialized in the end.

I also got beaten by the first false breakout, but it was stopped out at the signal bar's low. In my second attempt, I was patient enough to wait for a breakout bar to finish to enter a trade. However there was no more bar finished above the S/R level.

oldcat

I guess I should , stop is tricky and I need to think about it during the weekend. The problem of stop just below signal bar is got stopped out too much.

NZX

西安 发表于 2013-4-16 01:04 AM
老猫，明天俺来给你助威如何？

拭目以待！

greenback

oldcat 发表于 2013-4-17 04:59 PM
I guess I should , stop is tricky and I need to think about it during the weekend. The problem of st ...

It's why I stopped using 5m chart to trade. I find 15m bars are more reliable for entry ...

foresthill

oldcat 发表于 2013-4-17 08:22 PM
6/17
6:56 long 1557 sell 1550.5 -6.5

H2?  on  5 分钟线上?

foresthill

我后来操作很糟 ，都吐回去了。。。  这是前半部分。。。   要 休息一段时间，回头去看书了。
（ 6 是 B1 上来后， 在 3 次 买入 前的顶点)


Al Brooks 的方法 令 我关注 每一根 5 分K 线 ，  而 缠论  1 分钟线 令我去看 更深层次 的 结构，

当 用 缠论 1 分钟 （或更小）来看Al Brooks 的方法，能一定程度 判断 AlBrooks 的
Setups 什么时候 有效，什么时候 力量大，什么时候 不能乱动 。

xiaomimi

oldcat 发表于 2013-4-17 07:53 PM
I make 2 points mental stop or 2 tick above/below signal bar and will raise the stop if in the mon ...

cool, thx

xiaomimi

foresthill 发表于 2013-4-18 12:07 AM
我后来操作很糟 ，都吐回去了。。。  这是前半部分。。。   要 休息一段时间，回头去看书了。
（ 6 是 B1  ...

fantastic analysis (chart), thx.

xiaomimi

why no trade today? too crazy?

oldcat

4/18
7:48  short 1542.5 cut 1544.25 -1.75
8:09  long 1534.75 8:21  sell 1545 +1.25
-0.5



Review:
trade1: down trend changed to uptrend and the first leg up is strong , not good idea short here
trade2: entry a little bit late, exit fine as it can not take out minor resistance and show weakness

greenback

foresthill 发表于 2013-4-17 08:07 PM
我后来操作很糟 ，都吐回去了。。。  这是前半部分。。。   要 休息一段时间，回头去看书了。
（ 6 是 B1  ...

Hope to see your trades today!

xiaomimi

trade too fast, all trades are closed in 15 min

oldcat

4/19
short 7:12 1542.75 7:23 cover 1542.75  0
Long 7:22 1547.75   sell 8:33 1549+1.25
+1.25

Review:
Trade1: short at resistance ,can be a winner but I need to leave my desk so close at break even
Trade2: support at 1546-46 area , long pull back in uptrend. the entry is a little far from support and reward: risk not good. Bailed by trend and exit with small profit.

For the whole week: lost 6.5 points but learn a lot
I need to simplify my decision making process in the trading plan during the weekend.

xiaomimi

oldcat, you play real or just exercise on paper?

oldcat

Next week event important event:
Apr. 22        10:00                                           Existing Home Sales                           
Apr. 23        10:00                                           New Home Sales                          
Apr. 24        08:30                                           Core Durable Goods Orders (MoM)                                          
Apr. 25        08:30                                           Initial Jobless Claims                                  
Apr. 26        08:30                                           GDP (QoQ)                                            


Trade plan simplified, no scale in/out, focus on capture 4 point daily with 2-3 trades.
Entry need to be closer to S/R and S/R line need to be updated daily on chart.

xiaomimi

xiaomimi 发表于 2013-4-19 10:20 PM
oldcat, you play real or just exercise on paper?

So far, seems not very promising. Why not just play on paper?

oldcat

xiaomimi 发表于 2013-4-21 10:21 AM
So far, seems not very promising. Why not just play on paper?

no pain , no gain.

oldcat

4/22
trade 1: 6:44 long 1550.75 , 6:49 sell 1548.5 -2.25
trade 2: 7:44 short 1545.25 , 7:48 cover 1547.5 -2.25
trade 3: 8:47 short 1549.25 , 8:56 1550.75 -1.5
-6

Review:
trade 1: assume support will hold but the previous down bar is big and doji is not good signal bar. also missed the next retest break point trade.
trade 2: es successful test major support mean possible trend change and the previous down was weak.
trade 3: count trend trade but the setup is weak. also did not aware have already hit daily max lose and should not trade anymore.
Being in patient and forced some trade. I may need to trade less and watch more. Regroup and think about better strategy.



补充内容 (2013-4-23 09:23 PM):
I am having problem find out trend changes, still trade on the old trend.