tag:blogger.com,1999:blog-709390629316238746.post4633875101227954200..comments2023-04-16T05:11:52.660-04:00Comments on Don Miller Trading Journal: Thursday Notes - Crack That WhipDon Millerhttp://www.blogger.com/profile/13263493919935087931noreply@blogger.comBlogger11125tag:blogger.com,1999:blog-709390629316238746.post-41546882164161331052009-06-12T15:26:48.766-04:002009-06-12T15:26:48.766-04:00What charting time frames do you typically use and...What charting time frames do you typically use and how do you use each.<br /><br />Thanks for another great entryAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-709390629316238746.post-64592969742152702502009-06-12T03:07:51.418-04:002009-06-12T03:07:51.418-04:00Walt -
Nice going. It's of course likely mo...Walt - <br /><br />Nice going. It's of course likely more your work than mine. If I helped plant a seed, may it become your personal Bamboo tree.<br /><br />K.I.S.S. is so underrrated!<br /><br />Max -<br /><br />I've toyed with the idea from time to time, yet don't have an automatic trade chart plotter and the effort would be extremely tedious and counter productive from my personal energy perspective, which comes first.<br /><br />DonDon Millerhttps://www.blogger.com/profile/13263493919935087931noreply@blogger.comtag:blogger.com,1999:blog-709390629316238746.post-66063753026080912752009-06-12T02:26:30.836-04:002009-06-12T02:26:30.836-04:00Hi Don,
if you have time and are in the mood
I wo...Hi Don,<br /><br />if you have time and are in the mood<br />I would like to see a chart of your trade entries from a day like today.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-709390629316238746.post-77588474481425986672009-06-11T22:59:26.105-04:002009-06-11T22:59:26.105-04:00Hey Don,
Thank you... thank you... thank you...
...Hey Don, <br /><br />Thank you... thank you... thank you...<br /><br />The proverbial "light bulb" or "epiphany" moment happened after visiting your blog. I am a member of elitetrader.com and came across a couple of threads that mentioned your name and trading strategy. I've been trying to master the e-mini S&P for sometime now. Most of my intense study over the last 2 years have been in the spot forex market. I've tried every imaginable trading strategy with minimal success at best(i.e. fundamentals, technical analysis[parabolic, boilinger, ema, macd, support & resistance, etc], & even martingale). I've considered position trades, swing trades, & intraday trades. <br /><br />The simplicity of continuous scalps came into focus after reading about Jim Simons and you. Combining the attributes of both strategies, I've stumbled upon a strategy that is so simple that it's almost embarrassing. It simply requires discipline, which is why it's critical to integratge the automation aspect of Jim Simons in an attempt to consistently scalp the market each day - for my "daily manna" (an anology I received from tradingfaith.com), as this is a bona fide map to trading success.<br /><br />I'm glad that I've found your blog. I live in Atlanta. Ufortunately, my wife & I won't be able to make your cook-out. Hopefully, you'll do it again next year. I look forward to this journey with your blog. Perhaps next year I'll be able to give a "transparent" testimony of how I made it--- by God's Grace...<br /><br />WaltUnknownhttps://www.blogger.com/profile/15337387476431817941noreply@blogger.comtag:blogger.com,1999:blog-709390629316238746.post-63374183084916335672009-06-11T18:59:09.844-04:002009-06-11T18:59:09.844-04:00Crash -
Depends on how large the range is ... i....Crash - <br /><br />Depends on how large the range is ... i.e. there could be mini-trends within a larger range.<br /><br />If it's really tight, I'd be smart to sit out.<br /><br />Re: risk, there's no standard figure. I typically trade from 15 to 90 contracts ... sometimes heavier, and manage risk primarily by scaling in and out.<br /><br />Overall, I always risk a very small amount of my tradable capital.<br /><br />DonDon Millerhttps://www.blogger.com/profile/13263493919935087931noreply@blogger.comtag:blogger.com,1999:blog-709390629316238746.post-28018354556000690082009-06-11T18:52:16.376-04:002009-06-11T18:52:16.376-04:00Don,
Do you typically sit on the sidelines in ra...Don, <br /><br />Do you typically sit on the sidelines in range markets and just wait for trends to develop?<br /><br />Also what do you on avg. risk per trade?<br /><br />thanksCrash Davishttps://www.blogger.com/profile/11729434819995809678noreply@blogger.comtag:blogger.com,1999:blog-709390629316238746.post-8301884183614338992009-06-11T17:24:15.234-04:002009-06-11T17:24:15.234-04:00Charles -
I view them as separate markets, and wo...Charles -<br /><br />I view them as separate markets, and would gauge expected opening ES moves based more on what ES did the prior day (i.e. trend = oscillations) than what Europe did or didn't do.<br /><br />And while I realize I said yesterday that I thought Europe's strength would carry over to the U.S., it was only because the U.S. was also primed for a breakout and opened above its supports.<br /><br />DonDon Millerhttps://www.blogger.com/profile/13263493919935087931noreply@blogger.comtag:blogger.com,1999:blog-709390629316238746.post-36274562831917961152009-06-11T17:19:17.175-04:002009-06-11T17:19:17.175-04:00Don, knowing you trade the DAX, I was just wonderi...Don, knowing you trade the DAX, I was just wondering if you ever factor in the price action of the European indexes in your daily approach to ES trade? <br /><br />I have just been casually observing it and it seems the ES doesn't really give a hoot what Europe does most of the time. <br /><br />charleSCharleshttps://www.blogger.com/profile/02513648506121186831noreply@blogger.comtag:blogger.com,1999:blog-709390629316238746.post-66049233066408950922009-06-11T17:05:22.171-04:002009-06-11T17:05:22.171-04:00Hay Farmer -
It's largely feel, and I persona...Hay Farmer -<br /><br />It's largely feel, and I personally prefer a continual market rhythm vs. a "start/pause/die/restart" & repeat mode which we had much of today (the latter can often shoot hard in either direction).<br /><br />Said another way, it's tough to match the music's heartbeat when the band keeps taking breaks.<br /><br />DonDon Millerhttps://www.blogger.com/profile/13263493919935087931noreply@blogger.comtag:blogger.com,1999:blog-709390629316238746.post-57186137061847141982009-06-11T16:56:00.852-04:002009-06-11T16:56:00.852-04:00Don, you always talk about the "pace". H...Don, you always talk about the "pace". How do you judge the "pace"?Hay Farmerhttps://www.blogger.com/profile/13549265860650265684noreply@blogger.comtag:blogger.com,1999:blog-709390629316238746.post-32971199872549865712009-06-11T16:23:49.722-04:002009-06-11T16:23:49.722-04:00Solid post Don, I sense your engines are starting ...Solid post Don, I sense your engines are starting to warm up. Good luck at your tourney.<br /><br />Also wanted to say thanks to commenter Chris for the link yesterday. <br /><br />Some thoughts:<br /><br />Step #34: "we get a little overconfident and the mkt humbles us"... stumbled over that one a few times.<br /><br />#36 caught my attention: "We stop thinking and allow our rules to trade for us. Trading becomes boring, but successful."<br /><br />I don't know that "not thinking" is precisely what happens, but when I'm trading well, it can seem boring. It's much better to be near the end of that list than the beginning though.<br /><br />Right now I'm focused on fighting off that sense of boredom so I don't try to force any trades. After last year's pedal to the metal pace, that's been difficult to do at times. But the pain of impulsively taking a weak trade has to be greater than the pain of boredom, and waiting for the price action to unfold into a higher probability setup.<br /><br /><br />charleSCharleshttps://www.blogger.com/profile/02513648506121186831noreply@blogger.com