So-so day for me. 4 wins and 1 loss, so I’m pretty happy, but I missed the one good chance I had to make a lot of money.
Dec
17
Nice and easy, 3 trades for 3 wins in the first hour. Then quit early to head out for a swedish massage.
Life is good.
Dec
13
I was at my desk the full day today, unlike most Thursdays. Tomorrow I will be gone for most of the session, though.
Not a bad day, though I got chopped up and gave up a lot of my early profits. Had a strong close for the day, though. I think I will keep my hair for now :-)
Dec
12
I mostly forgot to trade today, because I was playing with all my custom charts. oops! I did get two trades off, for two wins, anyway. Most of this video is about the renko chart view of the day, which is pretty nice.
Dec
11
A decent day for PnF trading, finally.
Dec
7
Quitting early today… markets will probably move like crazy now that I’m gone… but whatever.
Anyway, last two days I’m undefeated, though the wins were small. I think I have adjusted now to the choppy recent action. Probably just in time for it to switch on me again :-)
Dec
5
So, we opened right out of the gate with the richard-kryptonite action…. do you think I made any trades yet? nope! But I really really wanted to, a couple times. That’s probably the worst part of the broadening formation… it lures you in!
The PnF charts make it glaringly obvious, don’t they? I like a chart that makes ugly action look ugly.
Dec
4
Wow, this afternoon was complete deja vu after yesterday.
I’ll be going over today’s action this weekend, trying to see what kinds of plays I might have wanted to make. The eotpro.com folks made some decent money today, after all! As this update video shows, I spent all the time since my morning video waiting for some sort of move to appear. It never did.
I like the perspective that the overview PnF chart gives me, but I do wonder… Does it blind me to the opportunities that I could have taken? Or, did it save me from getting chopped way up? I don’t know yet. Perhaps if I wanted to scalp the turns, which I keep threatening to do, then the overview chart would tell me when it would be appropriate to do so.
Dec
4
Making money, at least, today. I made a brain-dead decision to try a short play a second time, after getting stopped out once. So, two stops in a row cut way into my profits. Oh well. If the second try had worked I’d be writing about how I’m a genius so I guess I can’t complain.
Dec
3
Hopefully Zoomie and Mr. White Folks will post later about the killing they made today. I personally found no viable-looking trades in ES since the morning video… as this update video shows, every pattern I saw today was broadening, which is kryptonite for my otherwise invincible style of trading.
Nov
30
+2.5pts today… so a bit better. Maybe I am adapting some to the recent action. Very very choppy, still, for the most part. In this video, I talk some more about PnF charts (and by association, range bars), and some of the things I like about them. Now that I’ve seen that the main eotpro indicators seem to function on them, I am really liking the idea of using them.
Nov
28
Stopped the bleeding and at least won a little today.
… and I do mean a little!
Nov
27
The eotpro.com folks have been investigating the strengths and weaknesses of range bar charts. Tradestation doesn’t have range bars, but it does have PnF charts. And, you may or may not know that PnF charts are an extremely close cousin of range bars. The only difference is that a range bar chart will split up a long directional move into multiple bars. This means that most indicators will move over to range bar charts pretty smoothly, while indicators are usually pretty hit-and-miss on PnF charts.
Still, I applied the various eotpro indicators to some PnF charts tonight, and about half of them seem to do really well! And, importantly, the GCycle_Stochastic and GVol_Oscillator seem to be useful. Those are the two main indicators I use in my recent trading.
So, I may investigate that further, since as many of you know I am a big fan of PnF charts. They were a big part of my stock trading setup. For futures, I haven’t been using them as much, except for reference. Maybe that will change…