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It ranges from minus (insert number) to plus (insert number).

Have a good weekend folks.

Jeez, just got filled on a short I had on for 3 hours. Stark contrast to the old ER days when you won or lost in seconds.

I take my signals off a combo of 3k and 10k tick charts and often will not look at the daily for several days but I did note that it was correcting back down from "overbought" conditions. I didn't see much in the way of support but B1 has his own trade plan to which he evidently adheres.

I don't think that politician gets invited to the next Predators Ball.

Daily is in correction mode.

:D

Could correct, could wobble around for the rest of the day or it could break back out of consolidation...who knows...just take your signals.

Consolidation day not surprising after two trenders.

Do what you think is best for you but trade performance analysis is not the same thing as your P&L.

Correct, it is not our job as individual traders to "move" markets although collectively we "make" markets. Our job is to recognize the likely direction of markets (the institutions leave no shortage of clues as to their intentions). Our rules manage those expectations....whether our assessments...

You are making arguments against your own positions. No two trade plans are exactly alike ergo no two sets of rules are exactly the same. One's set of rules simply need to work more than they don't across ALL market conditions. The variance in trade plans and respective set's of rules are what...

I am not fond of scratch trades but they keep me out of more losses than they do gains. You can drive yourself crazy trying to optimize. A trade plan should be profitable and suitable to your temperament....no such thing as perfect trade plan.

No, as I said posting as a scratch gives me more information on plan performance and potential adjustment.

I track Wins, Losses and Scratches. The scratch trades give me feedback on target and initial stop and break even stop evaluation with respect to MFE and MAE. Commission is a variable cost of doing business and it reflects in my P&L, where it belongs.

I have been short several times today but I have my own trade plan and time frames so what B1 or anyone else does is irrelevant. I do perceive B1 to be a real trader though as opposed to most on ET.

You're asking if a buy signal is long or short ?

Hey Des, howz the chest hole punching biz ?:D

Besides, of what value is seeing another's trades without knowing said trade plan? I've had the pleasure of being in voice chats with a small group traders whom I've known and respected for a long time and it still can be distracting when one of us is going long as the other is going...

Narrow range garbage today.