Hi All, I found a classic chart patterns graphic after seeing that Michelle and Carlos have this up on their wall and really liked the idea of having it as a reference. It also coincides with Robert's video on wedges and triangle patterns. Here's a link to high quality sections of the chart examples: https://www.behance.net/gallery/27641581/Classic-Chart-Patterns-Print Added the Japanese Candlesticks chart which is really useful too.

Thursday 5/16/2019 I had a well-being score of 6.5/10 this morning. My nerves were OK. I took two live trades with AAPL. Double stop out day. Recently, I have had a win-rate of <50%. So statistically I will have at least one day a week that I will stop out on both of my allowable trades. Today was that day. Premarket looked great for AAPL again. So again I planned a few scenarios in my head, depending on what AAPL would do after the open. The only concern is that if AAPL dropped and bounced off of the 189.30 level (which is what happen) the price has to move $1.80 to clear all the levels before I would take an entry. That is a long way, so I was doubtful at the premarket this scenario would play out. So AAPL sold off and bounced off of the 189.30 daily level. Price was rising, but it had to break through 6 strong tech levels before the R/R became ~2. The final level was the 200MA-5min. When it broke that level, with a great looking hammer, I went long. Price instantly reversed. It is true that the price only broke the last level by about 2 cents, so I might have entered before I confirmed a clean break. Then the price went and tested my S/O level 5 times. Usually when the S/O holds up that many times the stock heads finally in the right direction. Not this time, where the 6th time it tested my S/O it broke threw by a couple of cents. I stopped out and the stock instantly reversed and climbed 50 cents. What it looked like when I took the trade: 1min 5min I took my eye off of AAPL for a few seconds to look at my other charts and saw the SPY was REALLY strong. I turned back to look at AAPL again and saw it had the same setup again. I went long when it broke VWAP. I know I didn’t wait for the 200MA break, but I was long biased when I saw SPY just getting a lot stronger. I held on to the trade for a few minutes, while I was watching SPY heading higher and higher. Finally, it reached my stop out again where I ended the trade and the day. My score card for today: Not the best trades with my early entries, but not terrible either. What I did good today: Never thought to break my 2 trade rule, even though the thought of revenge trading was high. How did I challenge myself today? Held through 5 price retraces to the brink of my S/O. What I did bad today: Entered early on both trades, though it was not to dramatic. What can I do better tomorrow: Need to watch my AAPL trade videos to see how the stock treats the 200MA-5min. Need to determine how much room I need to give on a break. And of course be patient and wait for the clean break.

Hi guys, I've been working on a nice dark setup that works for me on InteractiveBrokers TWS platform including : 3 monitors for active trading ( screenshot and XML attached below ) 1 monitor for watchlist + spy + scanner + portfolio Tons of Hotkeys ! And I 've been working heavily to setup hotkeys using Andrews' methodology : Buy long at the Ask + 0.03 Sell short at the Bid - 0.03 I implemented this on IB TWS using a similar approach but using : Buy long at the Ask with limit buy + 0.03 Sell short at the Bid with limit sell - 0.03 (check the screenshots below ) Here are the main hotkeys : (screenshot and XML attached below) New orders generators : Ctrl + [ 1 .... 0 ] : LMT buy at ask limit + 0.03 >> from 100 shares to 1.000 shares Shift + [ 1 .... 0 ] : LMT sell at bid limit - 0.03 >> from 100 shares to 1.000 shares Orders general management : Ctrl + Q : cancel all orders and close full position at market price but you can exit position using the opposite order ( Buy for Shorting and Sell for Longing ) Ctrl + C : cancel all active or pending orders for active chart Ctrl + U : partial placement every X cents with Y exits Ctrl + Enter : submit / transmit / update changes Tab : Select next order (inside chart) Order price changes : Ctrl + Home : move 0.02 up the limit price of the selected order Ctrl + End :move 0.02 down the limit price of the selected order Order size changes : Ctrl + RePag : add 100 shares to the current selected order size Shift + RePag : add 20 shares to the current selected order size Ctrl + AvPag : substract 100 shares to current selected order size Shift + AvPag : substract 20 shares to current selected order size If you have NO position opened yet Right clic on chart + Buy : enter long with $11.000 (default position) at the price selected on the chart after second clic (LMT order) Right clic on chart + Sell : enter short with $11.000 (default position) at the price selected on the chart after second clic (LMT order) Ctrl + S : Stop sell with $11.000 position for a short position at the selected price below current price (if placed above current price will sell inmediately) Ctrl + B : Stop buy with $11.000 position for a long position at the selected price above current price (if placed below current price will sell inmediately) If you have a position already opened Right clic on chart + Buy : close short position with LMT order at the selected price on chart Right clic on chart + Sell : close long position with LMT order at the selected price on chart Ctrl + S : Stop Loss to close a long position at the selected price on chart (whole position) Shift + S : Stop Loss Limit ($0.10 range) to close a long position at the selected price on chart during premarket (whole position) Ctrl + B : Stop Loss to close a short position at the selected price on chart (whole position) Shift + B : Stop Loss Limit ($0.10 range) to close a short position at the selected price on chart during premarket (whole position) New AutoHotKeys Script : ** F4 : Histogram / Volume by price indicator F5 : Refresh chart information F6 : Draw an horizontal line F7 : Remove all the drawings and personal annotation from the chart F8 : Draw fibonacci lines F9 : (De)activate Chart Trader F10 : (De)activate Chart Trader on smaller charts (yes menús are different) F11 : (Un)show completed trades marks F12 : Show window name Youtube video (7m) with fast explanation and examples (spanish with subtitles) : https://youtu.be/1gflAufNMxI Youtube video (1h20m) for the spanish community in BBT (with subtitles) : https://youtu.be/DOSHys3WoRk To access chart hotkey setup : File menu > Global configuration > Charts > ChartTrader > Hotkeys To download this hotkeys and layout : Download the text file attached : tws.txt Change the extension to XML File menu > Layout / Settings Recovery > Custom > Select file Do not forget to save your current setup before for roll back if needed ** AutoHotKey is a Windows Software that provide a simple macro script language to write down any kind of macro process that can be done over and over again. This software is 100% free and independent from TWS, however I managed a way to use a script that will only activate the above function keys on TWS windows. The function will be launched in the window which is inmediately under the mouse pointer, so be sure that the mouse is where it should be if you don't want any other function on TWS to be launched. This Script is very straight foreward and it has some comments inside to let you know what can be done with the keys and menu functions. I personally hated using the context menu or the main manu of the chart and click 3 times just to draw a simple horizontal line, but TWS has no support to many many basic commonly used tasks AND I DECIDED TO WRITE MY OWN 😉 To add on top of it the new AutoHotKey Script : Download and install AutoHotKey 1.33 software from : https://www.autohotkey.com/ Download the Custom Script file for TWS at the end of this post : TWS-AutoHotKeys.txt Open it with some text editor like WordPad, Notepad or SublimeText and check line 30 to add you own TWS Account Number Change the extension to AHK After launching TWS on your Windows PC, double click on the Script icon (which I personally store in the desktop). Last updates : Oct, 25th 2024 - Added two YouTube videos with examples (in Spanish with subtitles) Aug, 29th 2020 - Fixed AutoHotKey macro script to avoid using the macros outside TWS Aug, 28th 2020 - Added base subscriptions screenshot for L1 or SIM Aug, 27th 2020 - Added new Setup file with hotkeys fix If you wanna add option chanin information activate this options detailed here : tws_2020ago.txt TWS-AutoHotKeyScript.txt

Friday 5/17/2019 I had a well-being score of 6/10 this morning. My nerves were very good, eager to trade. Normally I dread Friday trading, the day I give all my profits back. But after last Friday, which was an average Friday for me so it was bad. I decided until further notice, I will take half shares on Friday. It really kills my weekend trading so poorly on Friday, I was hoping the half shares would remove some of the sting. Then last night I thought I should take advantage of that? If I am forced to trade half share size it’s a good day to step out of my comfort zone. So the plan for today was half share size and no AAPL or AMD trades allowed today. Actually, I didn’t put them watch-list or give them a chart. Instead my two Montages I had NVDA and BABA. From my back testing NVDA isn’t in play that often. But when it is, it trades at the open well. My back testing says the opposite for BABA for my setups, at the open, BABA is completely unforgiving at the open if you take a B+ setup. Though A+ setups do work great on BABA at the open. But if it is just a “good” setup, the win% is low. So I have an instinct not to watch BABA at the open. Then I thought actually that’s perfect, I shouldn’t be taken the B+ setups anyway. So BABA was on my second Montage. This actually got my mood in good spirits. I was looking forward to the opening bell. I took one live trade today on NVDA. Just as I normally do, I contemplate some scenarios in my head (if then stuff). Though I did not know if that works on NVDA and BABA. I don’t know them that well. So NVDA sold off and bounced off of the $157 mark. When it reached VWAP it had a really nice hammer and good volume. I went long when it broke VWAP. Though it broke it by 10c it immediately reversed on me. I should have waited for the break of the $159 level as well ( a few pennies higher), but my R/R was 1.9 so I was probably pushing the entry a bit. The price retraced and tested my S/O level (158.12). It bounced and moved back to VWAP helping prove that I picked the correct S/O level. The price rose and reached my first target (159.39) but I got a horrible fill almost at B/E. My second and third partials were fine, then another bad fill on my fourth partial. At that point I really wanted to wait and see if NVDA ran more since it was a red to green, but at half shares I had very few shares left. So I got out at the top of the candle. Even though I was trading half share size, getting $2.50 from NVDA is a one and done day. Plus, I REALLY wanted a positive Friday for a change. So I was not going to trade any more. What it looked like when I took the trade: 1min 5min My score card for today: Nice setup and well chosen S/O level, but entered the trade too early. Too many partials as well. What I did good today: Created a good plan for today. How did I challenge myself today? I stepped out of my comfort zone and didn’t trade AAPL or AMD. What I did bad today: Still early on the entries. What can I do better tomorrow: Don’t press the entry. If you like the trade but R/R is a little below 2, still take the correct entry. A bad entry is worse than a slightly low R/R.

2019-05-17 09-06-23.mp4 Hope this is helpful.

Hola Todos desde Trujillo Perú, Estoy retirado tempranamente luego de 35 años de trabajo para empresas Financieras los últimos 20. Los últimos meses encontré una oportunidad de hacer dinero, pero como más de uno en el cuento he pagado mi derecho de piso con Dinero Real pero estoy convencido cada día más que lo podré hacer con la adecuada disciplina y manejo de los riesgos. Gracias Abiel por la acogida y primeros consejos. Hoy en la clase 5 vi mi radiografía en la lamina del grafico que se genera una caída tipo Hulk. Lo bueno que he parado en este momento y me estoy replanteando el como seguir, que ahora gracias a BBT se como hacerlo. AL simulador !!! Estoy cambiandome a IB y DAS, también aprendiendo los nuevos set ups. Me quedaré con dos de los anteriores que sabía hacer bien y probaré los nuevos para finalmente operar con 2 a 4 setups, solo haré un operación por vez de principio a fin y buscaré que se dé mínimo el 1:2 reward. Confieso que debo amarrarme las manos para no entrar donde no debo o de manera improvisada. Saludos para todos y exitos en su travesía.

Sometimes we trade the same stock, we talk to each other about setups and what we are looking at, but often take different trades. On the rare occasion we have traded against each other.

Hey guys, I was recommended Mark Douglas webinar by Peter last week and I spent most of my weekend watching it. 4 parts that add up roughly to over 6 hours of video. It was worth watching. For someone like me who has been only trading live for 3 weeks this was a very important step after reading Andrew and Brian's books and watching all Carlos's and RobertH's videos on YouTube. If you still experience fear like I do and don't have time to watch all 4 parts see below my quick recap. Mark Douglas Psychological Trading Skills Learn how to trade without fear. Finding an EDGE - higher probability of one thing happen over another. Think in probabilities - your fear will go away. Commit yourself to think about trading in other way - your fear will go away. Self-sabotaging beliefs - get rid of them. If you change your expectations - your fear will go away. If you don’t define risk you operate from the mindset that you know what’s going to happen. Putting a stop doesn’t mean you genuinely accepted the risk. Because EDGES show up in every time frame, technical analysis turns the markets into unending stream of opportunities to enrich oneself. Not on a trade-by-trade basis, but rather as a percentage over a series of trades. Manage your expectations. You expect random outcome - you got random outcome. There is no emotion significance. Don’t be shitting like an elephant and eating like a bird. All change is a function of desire. Sincerity - it can’t be a lip service it has to be real. I don’t have to know what happens next to make money. Stop Analyzing. There is nothing to analyze. When you get the signal - stop thinking. Just put the trade on. Take an EDGE’u’cated guess. That means you have probabilities in your favor. Disconnect - no two moments are alike - every moment in the market is unique. Focus on a process of trading not an outcome. I am a consistent winner. And the link to webinar: Mark Douglas How to think like a professional trader

May 15, 2019 - $TEVA (1 Target) Since going live the middle Wednesday of the month, has traditionally been my biggest losing day. For whatever reason, I would always have extended losses on this day. So for today, I was more than happy to only take one trade and let it be a winner. I was not pressing my luck. 1st Cover - Was a quick pop down which from the time I pressed the hotkey would have been a great move. 2nd Cover - That was at the profit target. All Out - I exited when the stock pop quickly back to my 1st out and stuck with my profit taking plan of letting the last bit go further or stop it out at my 1st out.. Sample Set Results S P P 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20

After posting this entry, I thought that most of the people in this room using IB would like to replicate the color style used by @Andrew Aziz, @WilliamH, @Norm and @Brian Pez .... so I started tunning my IB TWS platform to look as close as possible to theirs. It took me some time to realize that possitive volume bars and chart bars share the same color spec and cannot be turned white as the background in any way so I used white grey. TWS take contrast into consideration and change your colors even if you don't want to... For sure, there are more thinkgs to change but this is a "beta" version hehe I used 9 20 and 50 EMA + 100 and 200 SMA with a blue VWAP and some pivot points indicators + close of the prev day, all replicating our moderators platforms ... Hope you like them guys ! 🙂 Disclaimer: I won't mantain the white theme hotkeys etc etc .... this was only a prove of concept. settings_tws_white.txt

Just a few recommendations: 1) never base your stop loss off a dollar amount (ie: a $0.10 cent move) Use technical levels (patterns, moving averages, areas of previous consolidation, high/low of previous candles, etc...). I have a saying directly related to this, which is: "TRADE TECHNICALS, NOT P&L'S." $0.10 cents as a stop trigger is arbitrary, unless it coincidentally lines up with a technical area. 2) always aim for a minimum of 2:1 reward/risk ratio. And if the risk to a technical level (as mentioned in point 1 above) is too much to stomach, then take a smaller position, or find a different trade. Again, find a technical area for your stop (not an arbitrary dollar amount), then take a position commensurate with the amount of money you're willing to risk if things don't go your way on the trade. A 2:1 reward/risk ratio only has to pan out slightly more often than 1/3 of the time for you to make money. If you've read Andrew's book, and/or studied other technical literature, you can easily be more accurate than this. I would guess that my accuracy is well above 80%. 3) stop trading all day. 90% of "day-trading" money is made from 9:30-10:00. From 09:30-09:45 there is a significant amount of opportunity, but it also comes with more risk. From 09:45-10:00ish, there is still plenty of opportunity, but less risk... From 10-11 you'll find plays worth taking, but the movement will rarely parallel the opportunity you had from 09:30-10:00. Frankly, trading between 11:00-14:00 is, in my opinion, the source of many Day-Trader's demise. It leads to overtrading, which leads to giving profits back, as well as overspending on commissions. If you insist on seeing as much action as possible (for learning and repetitions), yet being efficient in the process, trade from 09:30-11, then again from 14:00-16:00; but leave during "chop," which is the window between. And just a little nugget for ya: The best moves/pivots are at 09:45, 10:00, 11:00, 12:00, 14:00, 15:00, 15:30. 4) learn to trust yourself. I'm willing to bet that there have been MANY trades that, had you just stuck with your intuition rather than stopping out -- you would have made money (cuz you were correct on the move). You must trust yourself in this game..., and back to a previous point - a $0.10 stop is taking control (trust) away from yourself, and basing said control on arbitrary metrics (as opposed to the education/wisdom you've acquired). 5) The final point I'll make is this: the more repetitions you get in, the more comfort and wisdom you'll develop. Trading is much like everything else in life, in that the more exposure you get to it, the more repetitions you experience, and the more practice you employ -- the better your acumen will develop. Nothing in life worth anything comes easy. If you want to be a successful trader bad enough-- the only person in your way is the person you see in the mirror. Keep your head in the game, keep persevering, and you WILL develop into the Trader you want to become. Gl; STAY GREEN!

May 7 through 10 I observed a valuable lesson this week. Just like in life, to do something well you must be focused on it and can not just do it to do it. In trading this can have some serious consequences. For the past four days, I have been forcing trading. By this I mean, I had time to conduct my pre-market routine and trade the open, but my post market routine and reviews I could not get done, because of the enormous amounts of other things in my life going. The overwhelming feeling of being over tasked definitely slipped into my trading this week and I am just glad I was able to maintain my discipline with risk management which help persevere my capital. In all I took 6 trades this week 3 on Monday and 3 on Thursday, all of which were outside my edge. My results were 4 stop outs, 1 partial, 1 hit profit target (although my execution was terrible, so I gave most of it back to my broker). Now for the good news, next week is a new week.

guys! I fly out on June 22 evening to Italy, unfortunately! How about having it on 21st?