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Generally between 20 - 25 trades a day, between 8:30 and 2:30 eastern time. This is what my research indicated and when I finally got to the point of trading all my setups, sure enough I was trading that often. My written trading plan consists of: Minimum monthly profit required...

:confused: :confused: When the distribution of buyers and sellers is random in your chosen time frame, the price footprint is random (back to back dojis and up/down price bars in a range around a flat 20-period moving average). On a smaller time frame, these random price bars form small...

Any loss should bother you if it's the result of violating your trading plan. And a loss that's the result of following your trading plan is just one trade of many that results in net profitability as long as your trading plan is well-designed and robust through varying market conditions -...

I don't use RSI so I'm not sure how that would work. It sounds like you had an excellent run of demo trading. Did you ever "cheat" while demo trading? By that I mean did you trade by the seat of your pants instead of with a plan? Such as not using a stop loss, moving a stop loss, averaging...

I solved this problem by placing my orders in advance. I want to go long if price rises above X, so I place my buy stop order a tick above X. Or I want to short when price reaches that trend line, so just before price gets there I place a limit order to sell at a price in that range. By...

Yeah! Ever since I went on this f*ckin' plant-based diet! :D :D I had severe acid reflux that started not too long after I began the high protein/low carb diet. Less than two weeks plant-based and I was cured. Never had a refill of the meds since. Amazing that so many traders here are...

No trader should be afraid of a drawdown planned in advance. That's what trading's all about. If you allow drawdowns to run farther than your average gain then you need a very high win rate to compensate. Still, it only works consistently over time with a plan in place. With a large enough...

Wrong! It's only 70%! http://online.wsj.com/article/BT-CO-20110531-715481.html FXCM Is Latest Sign Of Hedge Funds' Retail FX Push 5:34 PM ET 5/31/11 | Dow Jones By Chana R. Schoenberger Of DOW JONES NEWSWIRES NEW YORK (Dow Jones)--Hedge funds reported stakes in online retail...

I was thinking the same thing. RB is sooo angry! So my plant-based diet means my dick's too small, I'm glycating to death, I'm diabetic and don't know it, and I probably have early stage, uh, er, ummm, I forgot what that disease is called...but I'm happy! I feel good! I might drop dead any...

Well, now that's a valid reason to eat a certain way. Anyone who believes the common nutritional mythology fed to you by the meat, dairy and junk food industries has swallowed such huge lies hook line and sinker. One of my favorites is the myth that the amount of calcium consumed positively...

He's busy counting his elusive spondulicks :p

Hey Banjo, I think I recall you running like that once when an earthquake hit while you were trading :p

Symmetrical triangle breakout. That's what you're positioning for in a triangle when the range narrows significantly. If you were short the upper trend line, your stop loss wold be a break of that trend line and you'd reverse to a long on the breakout. If price continued down to the lower trend...

No, Pek, heroin is a refined drug. You may, however, chew on the whole poppies :D Sounds like you avoid the scariest foods. That's better than 95% of the people I know. Watch out for the fish. Sadly, even fish from the most remote regions pack way too many toxins in their flesh. And the...

You're welcome. Can you please provide evidence of your statement about eloquent posters? Evidence can take the form of a link to an eloquent post, followed by a link to the same poster stating s/he was unable to place an order on the correct side of the price ladder. If you have even more...

If I have a set of rules for entry, stop and target, it doesn't matter whether I apply the rules to a static chart at the end of the day, or to real time price action during the trading day. I gave my core rules to a trader. He applied the rules and kept coming out net profitable when he...

Thanks for the info, HB. I've never been good at managing swing trades. My day trading mentality causes me to exit swing positions too quickly. I had a speculative biotech stock gain 150% in less than two months early this year. I trailed the stop below each previous consolidation support...

I trade futures, mainly oil futures. Prior to that I traded momentum stocks (AAPL, AMZN and POT). Prior to that I was an inconsistent, mostly counter-trend trader. As far as following my trades, you are late to the party. I called my trades in ET's old chat room for months when I started out...

Before going further, my friend's blindness was the result of two surgeries to remove a brain tumor that formed after a couple years on the Atkins diet (and returned only months after the initial surgery). He had full vision despite diabetes pre-surgery and 25% vision afterwards. A high fat...

Yes, I've honed my edge over time, but doing this while actively trading is not the time for that. I review each day, add filters over time if it makes sense to, then trade the updated plan without applying subjective filters to each setup when it appears. I've experienced many valid setups...