YM journal

I did Skimble but I wasn't sure there was enough clear air around Adam's bottom (not surprising given his love of artichokes ) or enough horizontal distance between his and Eve's to qualify. Looks like it did eh Too busy looking for divergences, me.

That 5th wave was longer than I thought, hence attempts to short the beast, esp at R2.

Nice consolidation targets produced by wave 2 though.

Up to 1162 then the bear market resumes in earnest??? Who cares, I ain't no weatherman.

The 5th wave was long - but notice that by putting your stop at the low of each 10 min bar it would have kept you in the trade. And even if you had followed the 5 min chart (which is ideal when you know that you're on the 5th wave and a turn is imminent), using the low of the previous bar as your stop, you would have ridden the trend up nicely for an exit at 1146.

I know, I know, hindsight, eh? LOL

Hindsight can provide the best homework. Thanks .

Hi Frugi

I'd almost forgotten you had left iii for here, I hope you are keeping well.

If I may speak frankly, and no disrespect intended, but some people may view this thread as rather pretentious.

You already have your own web site on which you publish your trading activities, so why the need to duplicate the information here? Would it not be easier to simply give people the URL link at the end of each of your posts, as I recall you used to do on iii?

You are also setting a precedent. There must be dozens if not hundreds of people who can open up similar threads, is there not a danger therefore that before long the whole board will become cluttered.

I'm raising these doubts in the spirit of friendly enquiry.

Chris

Hi frugi,

As you know, I used to read your excellent thread on fillyaboots (and sometimes tried to contribute something useful myself). I must say that it was one of the most informative, thought-provoking and entertaining threads I have ever followed.

Please, please do not be put off by any negative comments about what you are doing. I am sure that many people will find this thread extremely useful. And those who do not... well no-one is forcing them to read it, are they ?

Good luck and I am looking forward to your posts.

Regards,

Cheers ivor

Don't worry I shall not be put off. I received kind and flattering support from several members of t2w within a few hours of the thread going live and I fully intend to continue (until posting my losses becomes too embarrassing ) I have a feeling this will do wonders for my discipline so I have everything to gain by continuing.


LoadaDosh,

I have a simple, boring, flaky moving average system much like any other on my website that I run in the background through a spread betting firm. Very unpatriotic of me I'm sure. This has absolutely nothing to do with my ES daytrading activities as described on this thread.

Anyone with a website in their profile automatically has a link to it at the bottom of their every post, if only you'd care to look.

Perhaps your time would be better employed postulating your strong views on technical analysis rather than picking holes in an old adversary!

Frugi

Well done on the thread and on yesterdays profit. You seem as though you have a similar problem to me, all too often trading against the trend!

But you`ve also shown how when using direct access a profit can still be made, when I first started I was trading like that with Fins and D4F imagine how different your P/L for yesterday would`ve looked via one of them

Keep up the good work and posts , and never forget the ONLY way to eat an elephant is one bite at a time.

A small profit still puts you in the 5%

Steve

That HAS to be quote of the month!!