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Preview: Comments on TraderFeed: Why Traders Plan Trades But Don't Trade Their Plan...

Comments on TraderFeed: Why Traders Plan Trades But Don't Trade Their Plans





Updated: 2016-08-14T03:34:09.589-05:00

 



Great article. I will be adding a KPI metric to my...

2009-12-30T07:35:49.171-06:00

Great article. I will be adding a KPI metric to my 2010 plan that tracks exits at target/stop or not. Seeking 85% goal to start.



Hi AnaTrader,Yes, when markets have a historical t...

2007-03-29T22:23:00.000-05:00

Hi AnaTrader,

Yes, when markets have a historical tendency and then don't perform according to that tendency, that in itself is very useful information and tells you much about the current conditions. Thanks for the explanation.

Brett



Brett, I just received a private email from one of...

2007-03-29T20:56:00.000-05:00

Brett, I just received a private email from one of your readers to explain what Negative Development is all about.

Hope you don't mind my posting here to explain - Negative Development to those who read my comments some time back.

In a nutshell, Negative Development is a set of established patterns that fails, like a Head & Shoulders pattern, which fails to go as expected.

Hsieh hsieh ni.



Hi AnaTrader,Thanks; the division of time frames m...

2007-03-29T20:29:00.000-05:00

Hi AnaTrader,

Thanks; the division of time frames makes sense. I think where the problem sometimes arises for traders is that they place a trade based on a longer-term time frame and then micromanage it on a shorter one.

Brett



Brett, talking of trading times frames, I have bee...

2007-03-29T20:21:00.000-05:00

Brett, talking of trading times frames, I have been taught I need to decide first and foremost, what time frame I would like to trade in.

As I trade ES, I adopt the Cynthia Kase study, which takes the pit session of 6.5 hours which I divide by 5 to get about 80 mins, which again subdivided by by 5 to get about 15 mins , and finally subdivided by 5 to get 3 mins.

So I have 3 charts, ie 80 mins, 15 mins and 3 mins to turn to for trend, setup and zone, and entry signal, respectively.

Caveat: once I have decided on trading intraday, I should stick to this plan and not change to swing or position, using this plan of trading time frames.

Hope this is one way of looking at trading time frames.



Thanks, Bruce. Actually, I wish more trading psyc...

2007-03-29T12:02:00.000-05:00

Thanks, Bruce. Actually, I wish more trading psychology types really knew and understood Freud. If they did, there would be less pop psych psychobabble. Topic for a future post!

Brett



Hi Misstrade,The idea is to try out each time fram...

2007-03-29T12:01:00.000-05:00

Hi Misstrade,

The idea is to try out each time frame enough times across enough market conditions to know whether or not it works for you. Making trades every few minutes is quite different from making them every few hours. I personally have found the very short time frames too frenetic, a major factor in my widening my time frame to intraday swings, with 1-2 trades per day. That enables me to play to my strengths (incorporating research into short-term patterns).

Brett



Thanks for the great post. A concrete and succinct...

2007-03-29T11:17:00.000-05:00

Thanks for the great post. A concrete and succinct observation without the Freudian psychobabble that trader's coaches like to use. It's nice to see a real psychologist's approach to analyzing and suggesting corrective measures.



Brett, I was wondering what your personal response...

2007-03-29T10:57:00.000-05:00

Brett,

I was wondering what your personal response was to trading one time frame and picking the buy/sell and getting out before 2 periods expired? I have never tried such an excercise. Do you limit the number of attempts per day/week/month?

misstrade



Hi John,My bad. The labels for the days are off, ...

2007-03-29T09:48:00.000-05:00

Hi John,

My bad. The labels for the days are off, but the pivots are correct. I'll correct ASAP--

Brett



In the weblog your Pivot Points appear to be behin...

2007-03-29T09:30:00.000-05:00

In the weblog your Pivot Points appear to be behind by a day (you repeated Tuesday). Am I seeing this right? (Sorry about being off your topic but didn't know any other way to reach you for this.)