Live Trade Video 04/19/07
Posted on Thursday, April 19, 2007 in Live Trades
Well this was an interesting one. I had a stop for -8 ticks and had a second entry for +5 ticks.
Go get em guys.
oh yeah disregard my inability to set target during second entry……i don’t know what I was smoking. For my standard non -video trades I use zerolinetrader - but for the video I want you guys to see all the decision making process, hence my clumsiness with the interface.
Have a Sparkling Day!
Dave Johnson
Friday, April 20 1:34 am
I love watching your videos. Have you thought of using Macd? I traded YM for the first time today. I went short 876 today right at the high but got a bit spooked and exited 2 points in profit to watch it later run down 20 points =(. I use 1 min and 5 min charts with MACD. We’ll see how it will work out.
Sometimes I don’t understand the reasoning for you to enter a trade. Maybe you should have a video to show trades you did and go over the reasons why you entered it.I would like to see some short trades as well.
Thanks. Keep up the good work and don’t lose a lot.
Friday, April 20 5:11 am
Thanks for the comments Yuri. MACD is certainly a way to frame what you want to see to enter a trade. I really don’t use the indicators to enter or exit though. I am just looking for a reversion towards the other Keltner band.
In the month I have posted these Live Trades we have done really really well. As to why there has only been one short in the live trade videos - take a look at the chart of the major indices - straight up. That is the same period of time I have posted these videos.
During the course of the day price will hit those bands many many times. I need to find those 1 or 2 times that I believe have the highest probability to reverse based upon my over 10 years experience in the equity futures. I’ll try to let you know the kinds of things I am looking for in future. Just remember I am in an actual trade so my focus is on that.
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