Stop Order

I think I need to use stop order exclusively to enter.
Other things remain

1 live trade -100 usd

cut by stop loss.
Now going back to my SIM cave

1 live trade +5usd

Trading is war

Hehe..Yeah, still in live mode but no trade

SIM again 1 +450uSD

I dont know wether I need to laugh on fake money.
Never give up

Live loss -95usd

The good thing of live trade is..
when I got a loss, it will save me from SIMming time..
Money is time, and time is money.
Let go and simplify more things.

1) S&R and 2) dominant direction

Ready for live

Instead of waiting in SIM, now I choose to waiting in LIVE.

This is to make sure my brain not in state of shock.

past xperience show that I/m 3x times better in SIM than Live

time to to remedial action on that mind set

sim 3 trades +170usd

SIM = Same setup, different play

The good thing about this new play, I 'm  more relax.

So relax that I doze off while simming.
Warming up . So no stats 

Stats for Live trade since 1 Mac

Trade lot 8
Win Rate 0.50
Lose Rate 0.50
Average Win $ 32.5
Average Lose $ 96.25
Ratio WinAve/LoseAve ( +ve >1) 0.34
Profit factor WinTot/LoseTot  (> 1, 2) 0.40
Average PnL Per Trade (APPT) (31.88)

Unwillingness to cut loss is evident from this live stats.

Profit factor is far from 2,indicated the method cant stand drawdawn.

APPT - long term no hope. If I continue to have scalping mind with this system...guess the obvious.

I will sim back to glory with the same setup but with diff mentality outlook - looking for 'boxoffice

2 Lv +50 -90

Set ups priority was wrong.. Actually it was secondary

Lv 1 trade +30usd

Its payback time!
Probaly i'll report in monthly stats with my low count of trading stats.
I'm building back my small account bit by bit

No Lv trade as no setup availabale during screen tme

2 Lv +10 -100

Forgot that these were wrong locations

Live 1 trade +usd40

As SIM stats were acceptable I did live trade from today.
However, no stats for daily live trade for now as I only traded 1 or max 2 live trades for now.
Live trades stats will be given weekly for now.

SIM 6

Trade lot 6 SIM
Win Rate 0.67
Lose Rate 0.33
Average Win $ 78.75
Average Lose $ 90
Ratio WinAve/LoseAve ( +ve >1) 0.88
Profit factor WinTot/LoseTot  (>0.9, 1) 1.75
Average PnL Per Trade (APPT) 22.56

SIM 5

Trade lot 2
Win Rate 1.00
Lose Rate - 
Average Win $ 30
Average Lose $ 0
Ratio WinAve/LoseAve ( +ve >1) 30/0
Profit factor WinTot/LoseTot  (>0.9, 1) 60/0
Average PnL Per Trade (APPT) 30.00

sim disconnected, 2 of 3 only

SIM 4

Another weird stats as SINWIN all 3 trades

Trade lot 3
Win Rate 1.00
Lose Rate - 
Average Win $ 78.33
Average Lose $ 0
Ratio WinAve/LoseAve ( +ve >1) 78.33/0
Profit factor WinTot/LoseTot  (>0.9, 1) 235/0
Average PnL Per Trade (APPT) 78.33

SIM 3

Trade lot 3
Win Rate 1.00
Lose Rate - 
Average Win $ 41.67
Average Lose $ 0
Ratio WinAve/LoseAve ( +ve >1) 41.67/0
Profit factor WinTot/LoseTot  (>0.9, 1) 125/0
Average PnL Per Trade (APPT) 41.67

SIM 2

Sim interrupted , only  1 sim, so daily stats sample is not enough. However this data will be used for monthly stats.

Trade lot  1 SIM
WinRate   1.00
LossRate  -
WinAve $ 190
LossAve $ -
Ratio WinAve/LossAve (N>1)  -
Profit Factor WinTot/LossTot  (O>2, N>1)  -
Expectancy@Average Pn(L) Per Trade (APPT) -
Forecast (month) =  APPT x #trades (month)

SIM

Trade lot  7 SIM
WinRate   0.57
LossRate   0.43
WinAve $ 27.5
LossAve $ 85
Ratio WinAve/LossAve (N>1)  0.32
Profit Factor WinTot/LossTot  (O>2, N>1)  0.43
Expectancy@Average Pn(L) Per Trade (APPT) (20.72)
Forecast (month) =  APPT x #trades (month)

Candle pattern only valid in 5 min chart

It will not that accurate in other TF - showed that majority use 5 min candle pattern.. But it will not make  me the champ with the golden gun. To be a champ, I need an edge.

btw.. for my current templates are:

1) Daily candle (standard)
2) 5000 volume - for SR (edge)
3) 5 min - for candle pattern (standard)
4) 1500 volume - for drawing lines (edge)

I called this.. D5515 setup , yaeh I know readers of this blog will laugh at how much I changed the setup since 2009...hahaha...even now my sierracharts file still  full of setting names across the screen from left to right that left ..after I deleted previous hundreds of chart settings

Profitable SIM today and yesterday, and I plan to SIM D5515  till it burned into my subcon mind.

This setup is my jungle now.

Burn baby burn. Take me to a clear path.

I will be ready to live NQ this March..one year after ditching crazy CL

Hammer of THor

Years ago I fascinated by price action of hammers.
But dunno to describe in words.

Auto trader dumped

Yeahh even robot failed in trading.
Restructure back things that matter,
manually sim it  again

The mystery of trading mind

The manual sides of trading (not robot)
Just for thoughts
Hundreds of sim trading is not like one real trading.
Dont get me wrong..newbie needs hundreds of sim tradings.
But once we get one RELIABLE idea, it need to be tested with real trading.
But if real trading is ended with failure, does it make that idea is wrong ?
Nope. Becos it ALSO depends the state of trader's mind.
AND ,state of  mind can be influenced by (charts) environments.

I found that my additional sma has changed my original idea in live market yesterday.
The origimnal idea will show the money yesterday, but it ended with failure becoz of 1 additional sma that not synhcro with my trading idea
So now I deleted that sma.
Same idea and same charts now... but now I will look for..

a) horizontal location of T8,
b) look for the 'close out' location
c) by using ema T8....dont look for pullback, look for current trend action.

NQ drop as expected..

Decided to use my robot only during fast market.
I sim my chart reading skills, seem to be competitive in SIM.
So I hv 2 methods, to be used depending market conditions.
I have to trust my methods in real mkt.
Probably live from Monday to Thursday and Sim on Friday.

So near yet so far

Marks on charts had showing that a trade is near, possibly a long
But decided to off pc  due to sleepiness ..and  put a closed mark on chart.
Open it in the morning, if i gave extra 5 minutes yesterday then i could double my account in one trade. Not losing the lesson, I know the signs and will put the autotrade next time

Jumanj Grail: The autotrader signal visible, fired, then went invisible...

Ghost trader trying to be clever and spoiled my fake money.
Solution:
1) I have to record video to show to my programmer.
2) I have to manually on off autotrader at certain choppy time for time being
Sighhh.

I thought I see the grail..

hopefully

Testing SIM one little idea

One old trader saying, "let winners run" seems not doing well in current environment
I intrepreted that by setting  a far dream target and when it not achieved, manually changed it. In practical, I'm frozen - because I want to be objective and hands off the action.
So the results were near always negative.
It takes me a longest time to accept that fact.
How can I know which one is the winner ?

Another old saying  is "get it and run"
I set a realistic target price.
Result ,,won 2 sims.

This is I called "Target settings".
By using semi auto trader, my brain has extra RAM to think about this..
So after a brief thinking... I think 'target' is more important than a stop loss. Both are exit/END orders, Right ?
The diff....Target will give u profit, stop loss will you give a stop..uhh... LOSS
I think I will begin with the END in mind.