Real trade 0

Nett negative comission ")
sold & bought at the same price - fast reflex indeed

Rusty reflex - slowww motion

After hiatus of real trades for about 6 months, I did real trading today  -ve, slow to enter and slow to exit

next : to focus on fast reflex only,,disregard the profit/loss for next 2 real trades

CL Trading News ?

Durable Good order - fast action medium range 8.30 NY

Sim as real +80

but later market lose steam

Thursday with EIA at 11.30

I have no intention to trade but I 'practised' Live' DOM.

These were 3 charts:
5min, 3r and 500 tick

PRE:
5min - not clear trend
3R showed macd below 0 and EMA red - potential to short
Tick - lot space below

POST : CL slowly grinding down.

Next : When macd below zero dan ema red and tick show lots of space below :> use stoch to precisely join offer

At last, I realized that ...

there is no fixed rule......need constant adjustments within context of maket...when the edge says there is high chance to profit I shall enter but when I feel the market not quick to approve my direction..I shall get out.

However , I need to warming up by simming before live trade.

  Sim +245 in choppy market.

Note : Too late to enter live trade.
Next : to prepare early live trade : Friday - no trading,,, see next Monday

Here comes the Grump

I will sim for the 1 st trade as warming up

then

I will made a live tarde

Basic Trading & Sim & Indicators & Divergence Trading

My thought for today:

**1st basic trading rules to know market direction....:

A) Range - use fading technique
B) Trending - use trending method

**Range chart for scalping  and 3  indicators _ ADX and MCD and Stochastic
1000 tick charts  for MACD divergence trading

** for sims.... from now I will use 2 contracts when SIMming...What I need to lose ?

For real trades , I will stick to 1 lot

Silent Night (in Malaysia)

Enviro : range - trend fading
erratic price action so fall back to indicators trap :)

Erratic market sim 40+

but i have more confidence

Old charts with new mindset

Friday : i let the market tell me where he want to go after SUPPORT and the result :+sim 460

sim +100

After these years only 2 rules keeps going on with 1 sad fact

The rules of macd zero and the triangle pattern
and the 1 sad fact that I have a tough time  putting  that rules to work in my favour

Sim 160+

Keep shooting at the training field
code: mcd 0

CL hardknocks -What they dont teach you in trading books

CAUTION: Take these lessons only with pounds of experiences.

1. Volume - Decreased volume during higher price indicate that price may reverse.

2. Mcd -  cross zero may indicates anticipation of strong movement

3. Mcd divergence signal valid only in big frame chart. Taking divergence signal in small frame is a sign of sure death and a rookie baby trader.

4. When assesing current situation, relate to the left of the chart. Check the space of least resistance

5. Elliot wave pattern when coincides with MA & Mcd > the risk is minimum

6. Doji and hammer are good 'landmarks' and 'landmines'

7. Fast trend shall be followed by whipsaws and vice versa.

8. CL has a habit of finding the base as the launching pad,  normally at the Pivots and SR. Find that launching site.

9. Look for the candle pattern - the trigger - 2 types - the price pattern esp triangle , the candle esp hammer (pin bar), bigger candle and doji (spinning top)

10. As I don't like to deal with losses I will let my Stop Manager to deal with the losses,  I will concentrate only on opportunity of profits. Sounded funny but hey, I'm a human :)

11. Stop order can be used to enter market and market behaviour at that stops could be better seen than a market order.... when emotion and overconfidence easily take over. However I will not be messing with Exit stop order.

12. Others often mentioned that SR line is the line of opportunities but remember that SR line could be the  line of death. Strong movement could happen at that line. Act AFTER the line is touched and watch the volume for traps. Use market order at the starting position of NEXT candle and use tight stops. What is not killing me at this SR line, will make me stronger.Experience and judgment is crucial here. Thats why some trader prefer the pullbacks than breakouts. But I prefer use the term 'breakback' to replace the term pullbacks - touch and break the SR line then move back to the original direction. What made most of my losses were I expected price to  made new turn trend but market later rebounced back to the original direction.

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

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