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1st: Short (16) In chop, so faded a pretty green bar. 17-tick stop, 12-tick target 2nd: Long (8) Price broke out of triangle. Bought on retracement. 28-tick stop, 21-tick target. Moved stop to 15 ticks after pivot. Early exit when it didn't pop like I thought it would when it hit new...

I was reading NoDoji's old journal last night. I had forgotten she struggled a bit too when she was learning all of this. I get frustrated when I read about her making so many ticks day after day after day with no losing days. I don't mean that in a mean way; I just mean it was frustrating...

Time to try this again. I have a severe overtrading problem which is probably my worst problem that needs fixed. Then there are trends...............going thru a chart slowly bar by bar last night I still found it difficult to sell a steep downtrend. I kept looking for a reversal, and guess...

I tried this analysis twice ( a few months apart ). I noticed a few quirks of price action that I hadn't noticed before, so it was useful, but I could not come up with any specific rules to follow that made money. The setups themselves are somewhat objective, but once you are in the trade it...

How do you trade the rest of the day from 7:10 until 11:30 Pacific Time? I can see how choppy & range-bound it was now that it's all hindsight, but at the time it's actually happening I see setups & many trades to enter & get stopped out on

Ever since I spoke with you a long time ago & analyzed a bunch of your trades I always thought this was what you were better at than anything else. You are the master of getting out quickly at breakeven. I remember one day I had the same trades as you did. They didn't work out, but you were...

That's exactly how I feel, so I quit posting my trades in my journal for now. It's just plain embarrassing. I had 89% losers today. 2 wins, 16 losses. And that's after a ton of work & research & notes. I even made a flow chart. Scrolled thru thousands of charts since I've began all this...

I actually attempted to follow a plan today & made some fake money. I don't know if it's a good plan yet as I just started working on it last night. But now I understand why people say I'm overthinking & I need to stop thinking & I need to place trades according to my plan. I've heard it...

Ok...............that clears things up in my frazzled brain. Thanks DB & everyone else for all the help !

The setup business kind of confuses me. Everyone talks about mastering & testing setups, but whenever I look at one of NoDoji's or DBPhoenix's charts for example they are just following price & taking "every obvious setup" that occurs. I see almost no discrimination when it comes to entering a...

I don't mind chop if I can make money from it. So.........is the choppiness the reason I have so much trouble with your straight line method? Sometimes I'll scroll thru charts in the evening bar by bar trying to use the lines, but it doesn't seem to work because of the choppiness. (not...

Short & sweet. I like it.

I would have absolutely no problem following rules, taking loss after loss after loss, if I knew that over time I would come out ahead. Doesn't bother me at all. But I can't wrap my head around how to create rules to follow, other than maximum risk, targets, when to move stop, when to move...

What I'm thinking a lot of the time is that the market is out to get the other traders. Half the time when I see an obvious setup I think, "oh......they are all going to get screwed" and I go the opposite way. Half the time it's correct, the other half it's not.

I want to work for myself. I absolutely hate going to a job every day. I feel like it's nothing more than a lesser form of slavery. (not to diminish the horrors of actual slavery in any way). I'm antisocial. I like being alone. I can't stand sitting in a cube surrounded by people all...

Well at least I know I can still laugh at it all...............as you observed that it's "really sort of pitiful". It's funny in a way, but not so much since I am really, truly, trying. It's like I see things that aren't really there. I have a glitch in my brain. I can turn on the...

I just can't figure out this "trading a plan" thing everyone talks about. How do you create a specific plan when everything is so random. Let's say you only want to enter trades after a higher-high, retracement, and then a continuation. I made a spreadsheet of about 200 of these situations...

20 (0.10) Thought the double top would get taken out & run the stops of bears. 19 (0.02) Was going down, so short. Changed my mind, because I thought the obvious double top would lead to a stop run, so I reversed. 18 (0.09) Looked like it was about to take off, so long. 17 (0.07) I figured...

Since the topic of being chopped up & "death by a thousand cuts" was brought up how would you traders that actually know how to trade handle a day like today in CL? It was choppy to start, then a downtrend, then back to chop. I bought pretty much every high & sold every low. Negative 72...