Recent content by LiggerPig

Whenever we get over-confident in our ability, the market will put us back in our place :) You're doing the right thing by analysing what you did wrong and trying to figure out why. The important thing here is you will learn from your mistakes and not return to revenge trade. I'm sure we've all...

Stuart, If you're trading a written plan, you know your market(s), your indicators and you have good money management strategy to withstand losing periods you will know the answers already. You will have your results in a spreadsheet showing consistent rising profits over time? You will have...

Scalping ES is extremely difficult. You're up against the best. Slippage and commissions are big factors, eating chunks out of profit from traders buying and selling at market. I've seen traders with 80pc win rate lose money scalping ES. As already said, use limit orders, let the market work...

Hi Jay, I was thinking of days which were 'stuck up' , the ones which we find difficult to jump on the long side, which then go on to consolidate whilst we're still looking for a reversal, until continuing the move up in the afternoon, rather than reversing like Monday. For example, comments...

Jay, I could pick out umpteen comments from your entry for May 19th which were so true. You were very much "in the zone" in my opinion. Yes, you could have found long entries but it would have been high risk. You identified the risk, you chose the correct course of action and avoided unneccesary...

Welcome AJ, and good luck with your journal, I hope it helps you. In my experience journals work best if you concentrate on just one market. It's difficult to learn when you may need to use different skills in various markets. It's useful to have specific goals in mind. When I first began...

Hi Jay, IMO this is the correct approach since you are training yourself to profit consistently, experiencing the psychology of real live trading and understanding money management in practice. Walking before running :thumbsup: It's good to see, like me, you post profit/loss as points and not...

Jay, Sorry for the confusion, I did mean the NYSE Tick but I was thinking more along the lines of a 30 second or 1 minute timeframe. To give an example, let's say you were following a sell-off and you noticed bids were being pulled at your support level. You also spotted a positive Tick...

Hi Jay, Your style of trading lends itself well to making good use of the order bar IMO. I don't want to upset your methods, just throw in an idea. Maybe in your order bar notes you can comment on the TICK? My thinking being one will enhance your reading of the other. I'm in awe of you guys who...

hi Jay, My take on overnight s/r is to look for either a 3-5 point move away from the 4.15pm close for running stops which may help indicate the following day's direction (opposite to the stop hunt) or I look to see how the market reacts to s/r levels. Re your s/r levels, some seem very close...

Great work on your blog Jay, it's the closest I've seen to what I try to do with my own blog at another place. I hope to use some of your ideas to improve my trading. I'll need to the 15th to read through your posts, have a fantastic holiday and in those quiet moments think about how you will...

NinjaTrader software would appear to be apt :)