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Nice, a thread full of high quality info. I got a couple of suggestions myself. For starters take ESD's brilliant post and print it. That's easily one of the best ET posts I have ever read as far as systems go, absolutely beautiful. Entry method is quite precise so this method allows...

This is a doom and gloom scenario but nevertheless possible. I do better in bear markets, higher volatility better targets, so a little wishful thinking but nevertheless a doable scenario. Uploaded with ImageShack.us Arrows indicate the three potential targets. So far this market...

Can't argue with that, but the right shoulder we plotted on the monthly chart looking like it's doing it's job and the neck is nowhere near these levels but much much lower. Have no issues going long, but give me an uptrend channel at least :D NAD

It's oversold but it's downtrending which is why the majority of traders get burned, as it can remain and continue oversold. Fading strong trends is asking for it. Much better to let it retrace without having a long position, then at resistance short and repeat the process until shorting...

RE: Short 2358 NQ - 2 due to rollovers Trailing my NQ stop to secure 50 points. Still looking for below 1900s area as final and only target NAD

Trading what you see is fine, in fact it's more than fine, it's the correct approach. The problem lies in educating yourself as to how you view price. What if you are trying to trade what you see but through a wrong glass prescription ?

During my beginning years: Just about everything. - Blowing up accounts - Not respecting stops - Expanding stops - Adding to losers - Increasing size after a loss - Holding losers through major news events - Holding leveraged positions through the weekend - Letting losers run...

- Having a plan with positive expectancy - Having adequate capital to execute the plan - Having the discilpine to execute the plan to perfection particularly during periods of drawdowns and on a much harder level - Having the experience to recognize when the plan no longer has...

That's right, your analysis is too good, it's your execution that pales :D Good job reading the market.

Absolutely, taking small realized losses is far better than letting an unrealized loss get out of hand because the risk just begins to get out of control. Re-entries are a powerful tool. Consider: Long 30 no stop, exit at 34, +4 vs Long 30 stopped -5 Long 20 stopped -5 Long 10...

fed and candles. I'm not even sure what level of experience you guys have here but some of these things you guys are saying are ludicrous. Have you ever considered a position that never returns to your entry ? If so... --- What do you do in the meantime ? Increase risk by taking...

I understand your skepticism and is wise of you to approach public forums with such attitude. However, I'm pretty sure NoDoji means well and is offering solid advice. Trading without stops or trading without losses, is not the correct approach to trading. The problem is that while the...

It's easy to say the trend is your friend, because it is. The hard part is what's the current trend, a much more difficult question.

Long ES 12 Stop 7 Target 1 22 Target 2 49 Stop to BE after Target 1 NAD

Adding to losers is a cancer in trading. Not only is it a sign of not knowing how and when to enter but it has a high probability of giving you losses on bigger size and winners on lesser.

Hi, Could not help noticing you won't reveal details of your stategy, in my opinion this is a mistake, because then you can't be guided properly. It's not like you are making a killing with your strategy, you said so yourself, 5 years struggling. Anyway, wish you the best in your...

Does not matter, treat each add like an individual trade, with individual stops, in the meantime, you are letting your previous winners run. At the same time, once you get a signal to add, does not mean you need to add there, you can say, ok time to add, you wait for a retracement, and then...

I gave you a simple example for visuals. Definitely, agree with you that many times instead of resistance turning into support we see a failed breakout otherwise known as the head of a new potential head and shoulders and all hell breaks loose. However, in reality what you do is listen to...

Yes your average cost is raised but at the same time price has plotted price action you didn't have before. For instance, say you buy below resistance, price breaksout and resistance turns into support, adding now worsens your average cost, but you did not know of this when you bought below...

Does it really matter if our winners and losers happened on low or high volume ? Feels the same to me. A loss is a loss a winner is a winner. I feel volume analysis is used one too many times to try justify something we missed or called wrong. We have been going up since march on low...