tag:blogger.com,1999:blog-1563385524081176864.post6218233805232114373..comments2023-09-28T06:41:02.639-07:00Comments on Phileo's Picture Windows: SnP e-Mini Futures TradePhileohttp://www.blogger.com/profile/03489790780839086228noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-1563385524081176864.post-11421593936245561312007-04-12T12:45:00.000-07:002007-04-12T12:45:00.000-07:00Hi Tedders,Thanks for your comments. They are hel...Hi Tedders,<BR/><BR/>Thanks for your comments. They are helping me out as well.<BR/>In Trade #1, I saw a higher low, and price action stalling, so I got scared and just sold, ignoring my stop @1455.50.<BR/>In Trade #2, I recognize that playing the TICK extreme is not a high probability play, but I'm experimenting with this to see if I can improve the odds.<BR/>In Trade #3, the exit was not as flawless as you think. I trailed my stops too tightly, and the MA's did not signal any change in the downtrend, I should have at least been more patient to observe how much more downside there was, and use the MA's as my general guide.<BR/>In Trade #4, you're right, there was no signal to go short. To prevent this mistake, I need to at least wait for confirmation.Phileohttps://www.blogger.com/profile/03489790780839086228noreply@blogger.comtag:blogger.com,1999:blog-1563385524081176864.post-89214107964331022582007-04-12T09:42:00.000-07:002007-04-12T09:42:00.000-07:00Phileo,Strive to trade a little better every day a...Phileo,<BR/><BR/>Strive to trade a little better every day and you won't have to worry about "consistency". Remember trading well (by your rules and mechanics) is not directly related to profit. If you trade o.k. on a really good trading day you can be very profitable. If you trade perfectly on a tough trading day you can still take a small loss. Worry about making the best trades you can and don't worry about exact $P/L.<BR/><BR/>Trade #1 exit was totally premature. MACD was punching through the 0 zone and there was no Volume spike yet. What was the reason you exited?<BR/><BR/>Trade #2 personally I don't take these trades because I've been burned too many times, so I can't give you much advice.<BR/><BR/>Trade #3 was your perfect trade today. You entered and exited flawlessly. Study this trade!<BR/><BR/>Trade #4 was an error. Everyone makes an occasional error, but do you know what to do to prevent these types of future mistakes?<BR/><BR/>Hope you don't mind me reviewing your trades, but your style seems akin to mine so reviewing your trades helps me as well. <BR/><BR/>TeddersLord Teddershttps://www.blogger.com/profile/08853719769033533263noreply@blogger.com