Next position of candle

After a complete candle..the starting point of next candle together with EMA is a good Holy Grail :)

sim + 70 but missed the 1250 move

correct direction, correct entry but wrong ext

EMAs and VST charts

Even though previous Simmings were good but am not comfortable with it as my account IS small and these charts had big frames

...So I put 3 type of charts which have very short time frame....

tested ..it feel good

Sim + 350

Tough market...putting back 3 ema ---see from there + macd with the sam esetinng of ema.....simple order for the mind in tough market

SIm + 380 - enter on pullbacck

Nice figure...

Since I take supplement, my brain improved a bit and I took a more " wide" approach to trading..Like a Elliot Wave...I conclude that market has 3 phases - trend, flat breakout, and swinging from point to point. The best gain . of ocurse is trend phases..but to take position in trend required a"pullback" straetgy to avoid whiplash.

Pullbacks

Below is an article from one excellent trading website ....

 http://www.swing-trade-stocks.com/pullbacks.html

How to Trade Pullbacks

Buying weakness and selling strength is the art of buying pullbacks. Stocks that are in up trends will pull back offering a low risk buying opportunity and stocks that are in down trends will rally offering a low risk shorting opportunity.
As a swing trader, you have to WAIT for these opportunities to happen because...
Doesn't it make more sense to buy a stock after a wave of selling has occurred rather than getting caught in a sell-off?
Doesn't it make more sense to short a stock after a wave of buying has occurred rather than getting caught in a rally?
Absolutely! If you are buying a stock then you want as many sellers out of the stock before you get in. On the other hand, if you are shorting a stock, then you want as many buyers in the stock before you get in. This gives you a low risk entry that you can manage effectively.

Buying Pullbacks And Shorting Rallies

Where do you buy a pullback and where do you short a rally? You buy them and short them in the Traders Action Zone (TAZ). Here is and example on the long side:
See how you are buying stocks in strong up trends after a wave of selling has occurred? Ok, now here is an example on the short side:
Now you can see how you are shorting stocks after a wave of buying has occurred.
When going long, wait for the decline into the TAZ and when going short, wait for the rally into the TAZ.
Are all of them created equal? Nope. You have just a standard pullback like in the example above and then you have...

The First Pullback

These are exactly what the name implies. It is the first one after a change in trend. How do you identify a change in trend - when the 10 SMA crosses the 30 EMA. After that happens, you look for an entry when the stock gets into the TAZ. Here is an example:
This is the most reliable type of entry into a stock and this is the likely area where institutional money is going to come into the stock. If you only trade one pattern, this should be it! You can get into a stock at the beginning of a trend, at a point of low risk, and you can take partial profits and ride the trend to completion! What more could you ask for?
Oh yeah, speaking of getting in on the beginning of a trend. This next setup fits neatly into an Elliott Wave Pattern...

First Pullback After A Breakout

There is one other type of pullback worth mentioning and that is the first pullback after a breakout.
If you are looking at a stock that is trading sideways or forming a basing pattern, and it suddenly breaks out of the pattern, you can look to buy the first pullback after the breakout. This also gives you a low risk entry into a stock that will likely continue the current trend.
Here is an example:
Most traders are going to buy break outs. The word break outs sounds so exciting doesn't it? The problem with buying break outs is that it is hardly every low risk. Think about it. If you are buying stocks when everybody else is, then who is left to buy the stock after you get in?
Forget buying break outs. Step away from the crowd. Wait for the breakout buyers to get scared and sell. This sets up the pullback that you can get into with low risk, high odds, and a profitable reward.

Source: 

 http://www.swing-trade-stocks.com/pullbacks.html

Sim +160 sideways

for less risk, take position after cross or near cross of EMA with indys rule intact

Sim +80 late session

hammer and ema had some roles for a holistic picture + indiys

Sim +140 premarket

after that the market went to the moon

Sim -160 pre- market sideways

Side by side trading with Infinity Trading Challenge ---boredom before pit session open cause me to enter sim recklessly...found that my original setup making money if stricly adhered to :*(

however my losses was lesser than 1st Infinty trading Challenge..but they trade real money..and they are pros

Sim +170 in sideway mkt

Confirmed method but not staying in trade

Sim late session -70 erratic

sim +140 250t

simple is more

Sim test & Brain supplement

Okay...I need a warming up.
Decided that I put back 4 indicators there to take out stress out of my mind...
Feel good about this...seriously :)

And yes, my brain & health supplements arrived yesterday !.
Feel the difference already.. heheh

MF Global - riskier than CL

<iframe width="560" height="315" src="http://www.youtube.com/embed/LtW-NJx5yT4" frameborder="0" allowfullscreen></iframe>

Trading Challenge

If u guys want to see some real actions from the guru then klik this

http://www.livetradingchallenge.com/

and now I open for comments in this blog

Need mental focus

The technique is okay ...but the problem is my mental focus...

May be I need a brain supplement :)

Simple mind

I look at the candles and it seems I can predict the next move like a trader ..for 2 consecutive days
Add in 1 indicator, then I begin to think more like a philosoper

And yet I have at least 2 indicators all this while.
May be my learning phase is over, and now its time to do it as a naked man ;)

p.s..ok I will SIM run naked for 1 more week.

Hammering my brain

Candlestick hammer is gooodddd :)

Stochastic

Price action is weak now so.... no action is required...

Back to indicators..sigh

I found that Stochastic work when it work.
With some weird behaviour, of course.
Yesterday I changed its MA to EMA..a sort of Dinapoli Stoch.
> Better.


MACD...yes...the old guy MACD.
I put the same parameter like D Stoch.
> No lag.
I lied...some lag

Will put some 'acid' to it. :)

OK

I picked a soft spot in CL - sim green again.
but I have to do it in 30 sec

Entry & Exit

Up to yesterday my system will signal me to enter and to exit.
Conflicting signals were abundant. 50: 50 , more so in current CL market
 So it made me wonder, entry and exit surely have different dynamic behaviour

So I devised system A to enter and system B to exit so both will achieve at least 80:20
It is a logical move, right ?
We wanna the market move from A to B in our direction to make profit, right ?
As usual SIM test is good.
I will let it simmer in my trading mind

Finding the right time frame

This post dated 25 Oct 2012, edited an old post

Every traders that worth their 'bloods' knew that market changed from time to time.
And the best pattern are useless when used in the wrong timeframe.
It is like a flower in the hand of the monkey..we all need good monkey.
So traders use MTF...but it didn't solved the problem.
It only solved if you use the right TF
But how to know which one is the one  TF?
Use the Doji.
Yes, Doji is useless most of the time but,
Doji has a special place in the charts
If you look at the Doji... you'll be reminded it is the permanent pattern in the sniper's scope.
Don't laugh...see, I can read your mind.
Do you think I'm joking my friend...this is serious money at stake....
So when you read someone said he/she use NODoji, he/she is more akin a teacher than a trader.
What the meaning of a Doji ?
do the homework and you'll see what I meant I use the Doji to check the right TF.
I will not give the straight answer, but I'm not cruel...I gave you a clue to a hidden treasure.
I hope myself will not forget this post :) so I labelled it..this post will be lost after some time except to those who follows my blog :)

New scalping technique

well not really new , but I coincidently stumbled upon it after long dark hours...it is suitable for scalping.
for a more meaningful move I will learn more about Elliot wave

New technique in chart

I put an overlay study using a bigger chart into a smaller chart: Then I synchornize these 2 charts
Whoa...quite a view...no need to stretch my neck

Rusty move

Divergence not suits to MIn charts

I revisited the donkey divergence lesson :

I found conclusive evidence that divergence is NOT suitable for MIN charts.

Thats all I have to say

Smurf vs Frakenstein

Due to EIA report, I decided just to watch.
My small account dont allow me to take risk, even though basically I'm right on technical. The market went long.
On day like this - news driven - no clear pattern found prior and after the news.
So I add ema synchronicity in my two charts for post-news period. Sim test green.

Started live session

but missed the move .
The visualization " patient & profitable" trader is good ...
Emotion : calm
Missed entry : Double bottom (to long)(read websites..duh)
Result : Nil

''Emotional'' journal

As trading involving emotional control. it is a wise move to record the emotional side of trading and compare it with the result.

Trading 1 > Emotion 1 > Result 1 (red -ve , green +ve , yellow) ( not in term of USD)

A trader's job is to trade or holding the trade