When a student is better than the guru ;)

December - the start of an end

The last batch of live trades left me with a profit of about USD 15 after costs...yeeay.
Which is on par with these guys ( http://www.livetradingchallenge.com/results.pdf )
LoL.
Now is December and it's time to think back my plan forward...
After years of colorful charts with scriibles up and down....I decided to END of these,
So now still in SIMMING mode
No pivots
No PHLC.
No indies.
I'm now testing MTF clean charts with volume only in 10m, 5m, 2m, 30s...in different shades of reds and blueish greens CandLeStiCK with optional lines drawn manually.

I will keep it at least till Q1 2013 (end Mac) whatever happens....(you saw my mind always changing wave here so often like the market)
Plan to have another rounds of live *LFT in January 2013...

* LoW freq trading ..LOL

Counting my blessing

http://blog.opentrader.com/trading-vs-sports-vs-chess-vs-poker/

internet problem at home disrupted my lifestyle :)

Lines

erased all auto lines in my charts as I would eyeballing for lines myself.
To newbies, don't do this at home :)

Taken Notes (setup adjustment)

Now I keep 3 charts (MTF):
A)  1 standard 5 min setup to see other traders screen ;). Have a standard volume indicator.
B) one  personalized chart  as my overall trading map that purely rely on candlestick pattern (without sma/ema as I found that ema/sma in that timeframe is not reliable). Have an improvised volume indicator
C ) one new chart setup that really focus on sma line & SR lines (without rely on candlestick pattern as the candlestick pattern on this chart is not that reliable). Without volume indicator

The objective is to find a balance feedback for my trading brain.

Observation of these combination as follows in SIM:
1st day = profitable but the paper profits decreased as I tend to overtrading in SIM
2nd day=antiCIPApation of move needed to done in big frame before the small frame, not vice versa then prove it...this is a CORE nature of trading. Tehnical alone is not enough. Usage of small frame like scalping, and usage of bigger frame is sniping the trend- and antiCIPation is easier in BIgger frame. The difficult thing is anticipation is not printed on chart- so I cant trust my eye, I need to trust my judgment. based on tehnical dan some funnymentals.

If you think pro traders are so smart....

then you have to watch this :)

http://www.livetradingchallenge.com/schedule.htm

Backward and forward

After several series of Live trading, I did some review of my trading to find out why I cant make some decision when the time come. And the key seems to be in volume-related issues : choppy, ranging as happened lately in CL. Will take some time before moving back to live trading. Need to check if I need to change that ema to sma which I found is better line