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Hey guys, Thanks for your input. As for now, I’m going to work on the problems that I discussed above, in particular my entries! I don’t think my system is broke nor do I think larger time intervals will help me. The reason I say this is because I watch price very closely. It’s...

Today was a perfect day for trend trading. Early on I continued making the same errors so I took myself out of the market to revamp my game plan. Trade#1 – [Long 1007.25 10:30 EST & Cover 1006.25 10:45 EST] I finally entered the market, although it was late I wanted to test the up trend...

Trend Fader, I believe that I have a serious problem. My main problem is when an opportunity present itself I lose a little bit of confidence and consequently I become hesitant. That's why I'm practing a 3 error discipline exercise! As for my trades today I didn't lose any $. Take...

Today was a poor day for trend trading. I’m still plagued by the infamous three mental errors/mistakes I always make and I don’t know what to do to resolve them. I believe I’ll only remedy these mistakes with time and experience. Even though there wasn’t much trending today I was able...

The University of Michigan Preliminary Consumer Sentiment survey was scheduled to release at 9:45 EST. I don't think you missed anything because it came out on time, however if you did, that information is available at http://biz.yahoo.com/c/e.html. I'm sure you're aware that most news...

Hey fan27, my trades were all over the map yesterday! Thanks for sharing your thoughts. As for TODAY: It was an excellent day for trend trading but I didn’t have my head in the game nor did I try to eliminate the mental errors/mistakes I always make and have been making for over a...

In prior post I’ve highlighted my trading system and market entry and exit rules (Please review). However, I didn’t explain how I decide to take a trade. I am a TREND FOLLOWER, so I try not to place a trade unless price is in a trend and I’m usually strict about adhering to this rule...

Today's trades! Trade#1 – Overall bad entry because I jumped the gun on this trade. There wasn’t a clear signal plus I didn’t wait for a confirmation candle to form. I was anticipating price would reverse because earlier there proved to be some resistance around 995. Next time I need...

Entry & Exit Rules with Rationale. If you can't see the words clearly just click the image and enlarge it by holding your mouse cursors over the image, an icon will appear in the lower right corner (click it).

I decided to post my journal online. I've been keeping a journal for quite sometime now but I never wanted to post my trades. I'm actually using ET as a place to store my graphs, pictures etc. My journal notes will be posted at another private website. However, I will attempt to explain each...

rpch, There's a wealth of information available here at ET. You just have to dig in. For starters, I'll provide you with a reliable thread that'll get you started on the right path. Read: http://www.elitetrader.com/vb/showthread.php?threadid=21085 Immediately afterward, continue digging...

Nonsense, What's an API?

Susan, Your response is sort of vague "the clearing function is more of a guarantee of our "pipes" to the exchanges..." In your own opinion what are some disadvantages of going with self-clearing firms? Futures contracts are highly leveraged instruments. Wouldn't low margin rates...

Velocity Futures and Fast Trade, aren't they self-clearing firms? I think they are and if so that's the reason why they're able to offer such low commissions and margins. I believe on Velocity Futures's website they have margins as low as $500. When I read that I was like whoa, but I know...

I post intraday support & resistance levels for the major indices on my website daily (Monday to Thursday) around 8:25 am CST. If you ever get a chance take a look and tell me what you think. I'm interested in your feedback. Click: http://home.houston.rr.com/aarondwashington/

I’m having this reoccurring problem were I leave profit on the table because I fail to close my position on a reversal. For instance, today I entered the market short at 989.25 off a mediocre sell signal at 9:42 EST (click chart below). I set a 2 point Buy STOP & I reset my Buy STOP if price...