Trading Journal based on "Teach a Person to fish ..."

CreditViolet · #51 19th October 2007, 10:20 PM

newbee,

Am tired today, will try to answer your Qs laters.

Cheers

newbee · #52 20th October 2007, 09:56 AM

Quote:

Originally Posted by CreditViolet

newbee,

Am tired today, will try to answer your Qs laters.

Cheers

Hello CV

Will wait, no probs.

Thanks
nb

beginner_av · #53 20th October 2007, 10:59 PM

just my few cents sir

Quote:

Originally Posted by newbee

Hello again

Was looking at your charts, I could understand all the three shorts based on price action (and most important as it is on left side of the edge of the chart), but could not understand the exit on 2nd trade.

How do you know its not based on Neural Network generated mkt sentiment indiactor? [If you assume, it makes an ASSofUandME]

Quote:

Do you use timed exits, I am using 3.15 pm as exit/stop trading.

why 3:15 and not 3 mins or 3 bars if the trade doesnt go your way?

Quote:

When I started, I also had a wiglly with changing colors, did not seem useful to me so had it removed.

you still can have them. just use them to your advantage.

Quote:

Hope to understand your charts, maybe a year or 2 down the road.

already resigned for 2 years b4 starting? why not look at how differently this great guy looks at things. you may NEVER understand his charts, but can have your own in 3 days.

Quote:

Seems you use 5 minutes bars, and are plotting the futures directly instead of the index. This info is useful to me.

Sir newbie, selective attention, selective perception and selective recall is dangerous. Every info is useful to you. Ask "how" and "how much"!

Quote:

Do you refer to multiple timeframe charts while trading?

Do you prefer and have any usefulness for it ?

Quote:

Also after this arrows that you get, do you login the trades or it happens in an automated way, heard it is helpful if its auto, as no second guessing those arrows.

if u have heard its helpful, why dont you so it and see for yourself? (STATUTORY WARNING [no skull smily

] you may have to work till 3-4 in the night. may cause health problems. consult physician. KNOWN SIDE(y) EFFECTS: erectile dysfunction and hallucination during market hours!)

Thanks
nb[/quote]

my pleasure

CreditViolet · #54 20th October 2007, 11:08 PM

Quote:

Originally Posted by beginner_av

KNOWN SIDE(y) EFFECTS: erectile dysfunction and hallucination during market hours!)

Nice post but you got couple of points wrong.

CreditViolet · #55 20th October 2007, 11:16 PM

Quote:

Originally Posted by newbee

Hello again

Was looking at your charts, I could understand all the three shorts based on price action (and most important as it is on left side of the edge of the chart), but could not understand the exit on 2nd trade.

It was based on a Sentiment calculation that I do.

Quote:

Originally Posted by newbee

Do you use timed exits, I am using 3.15 pm as exit/stop trading.

No, exit times are determined by size/liquidity.Less liquid the instrument, exits start early if the Exits are set for EOD.

Quote:

Originally Posted by newbee

There are 2 wiggly lines on your chart, the one above the price bars looks like resistance or SL levels.

Those are trailing stops based on volatility.

Quote:

Originally Posted by newbee

The one along the price bar looks like value area or mean value for price, it also seems to change color maybe trend indication, but the entry/exit signals don't seem to have any relation with this one.

Correct, no relation, its for better view of the price curve

Quote:

Originally Posted by newbee

Couldn't even fantom what those color bars are at the bottom of your charts.

Trend Indicator

Quote:

Originally Posted by newbee

Also after this arrows that you get, do you login the trades or it happens in an automated way, heard it is helpful if its auto, as no second guessing those arrows.

Tried different ways to get it automated but its bit troublesome, executed by a dealer who is pretty fast.

Hope that covers the doubts

beginner_av · #56 20th October 2007, 11:34 PM

Quote:

Originally Posted by CreditViolet

Nice post but you got couple of points wrong.

What did I miss Sir other than clinical test reports?

CreditViolet · #57 20th October 2007, 11:43 PM

Quote:

Originally Posted by beginner_av

What did I miss Sir other than clinical test reports?

Well I disagreed because I was doing fine on both points.

uasish · #58 21st October 2007, 12:03 AM

Abhijeet,

I hope you dont ask for the Performance report now,with Drawdowns if any.
As the tests where on past datas whether it ishould be tried on different sets of UderLying asset class also.

Asish

newbee · #59 22nd October 2007, 10:47 PM

Hello CV

Thanks for your answers. It does clear my doubts, but also gets me asking new questions, lots of them. But before i throw them at you i would try and learn about few new concepts/terms i am introduced through your post.

Thanks
nb

Quote:

Originally Posted by CreditViolet

It was based on a Sentiment calculation that I do.

No, exit times are determined by size/liquidity.Less liquid the instrument, exits start early if the Exits are set for EOD.

Those are trailing stops based on volatility.

Correct, no relation, its for better view of the price curve

Trend Indicator

Tried different ways to get it automated but its bit troublesome, executed by a dealer who is pretty fast.

Hope that covers the doubts

newbee · #60 22nd October 2007, 10:53 PM

Quote:

Originally Posted by beginner_av

just my few cents sir

How do you know its not based on Neural Network generated mkt sentiment indiactor? [If you assume, it makes an ASSofUandME]

why 3:15 and not 3 mins or 3 bars if the trade doesnt go your way?

you still can have them. just use them to your advantage.

already resigned for 2 years b4 starting? why not look at how differently this great guy looks at things. you may NEVER understand his charts, but can have your own in 3 days.

Sir newbie, selective attention, selective perception and selective recall is dangerous. Every info is useful to you. Ask "how" and "how much"!

Do you prefer and have any usefulness for it ?

if u have heard its helpful, why dont you so it and see for yourself? (STATUTORY WARNING [no skull smily

] you may have to work till 3-4 in the night. may cause health problems. consult physician. KNOWN SIDE(y) EFFECTS: erectile dysfunction and hallucination during market hours!)

I pray for your rapid recovery from your Known SIDE Effects.

Thanks
nb