Recent content by TraderTwink

Watching this also - too bad it's so late in the day. Might be something to start off tomorrow?? Like everyone else, I think this thing needs to pull back a bit, but (IMHO) the whole premise of this program is to let the market show you what it is going to do. I've heard that a market rises...

I took the long off the flag and s/r play at 61.25. My limit didn't get taken at 63.25 and I got stopped out at 62.25. Up 1 pt minus commish. Still well in the red on the day, but I followed my plan. Twink

Hey Gary, Yeah, I was starting to get the idea that there may be some discretionary element in this part of the plan. So far I've been moving it pretty mechanically. I find myself cringing, because of the seeming high probablitity that this stop will be hit. I will work at developing a feel...

I am with you on this. The initial SL of 2 pts is good. Moving to BE -1 when the trade is BE +1 seems to be good. The place where I've lost the most, is when I move the stop to BE +1 when the trade is BE +1.5. At each level the stop is 2 pts away until here when you move it to 0.5 pt away. So...

Seems like price is just trapped between 57 and 60. All the overhead resistance at 60 and that huge congestion zone between 54.50 and 57 from yesterday is pretty strong support. IMHO :D

Pennett on the 15m ???

That is beautiful :p

Thanks for the advice B1S2. That is definitely something I want to look at going forward. I feel like the way I trail my stop tends to skew my winners toward 1 pt while my intial SL is 2 pts, so possibly, it's even worse than 1 to 1. I'm very new to this method though so I still have a lot to...

Well I'm 0-2 this morning, but the good news is the discipline is rock solid, so good lesson learned from yesterday. Every system results in loses. :D Don't know if I will be in anything else today, but I will be keeping my eye on it. As for confidence, I don't really have confidence in...

Good call Gary. I had the same thought but didn't act on it. dddooooohhhhh :) I was only going to move my entry to 59.75 though, so result would have been the same. edit: Long at 59.75 (round two ding, ding) edit2: We have a piper down!! (- 2 pts)

Wow! if the russell leads. this trade will work out. Long at 59.50 (2 pt PT and SL) edit: These morning trades are quickies. Stopped out -2 pts. Seems to be the way I start every day lately. :( Waiting for next setup.

Long entry waiting at 59.50 stp mkt (good morning everyone :) )

What a day! Had a small lapse but scratched into positive territory. Sometimes I feel I should be getting more out of these big days but hopefully that will come with more experience. I noticed all of my trades eventually went on to their full 2 pt goal, however I always get caught when I...

Couldn't stand it. Took the flag breakout at 53.50. made a pt and now I'm done. Up for the day that's two in a row. Still down about the discipline "glitch" earlier. good trades everyone

Long at 51 with 2 pt PT and SL (but still bummed about last trade. not that it lost, but that it points out my continuing lack of discipline!! Hopefully others can learn from my mistakes.) edit: out with 0.5 pts. Even on the day (after commish) and done. Putting myself on time out after...