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Just made a quick calculation, out of 33 tickets using a 2 point spread (instead of 0.5 DAX & NQ) I lost a whopping 49 points profit in paying the wide spread, that is more than I made.

new trader with $5,000 trading futures - titanic, if I was a broker then I would accept accounts only from people with limited capital & sources of income & new to trading, I would lure them with tiny margins & low commissions, serious traders I would turn down with high commissions. I will live...

Did I guess correctly? http://www.elitetrader.com/vb/showthread.php?s=&threadid=87783

That is difficult to do & takes time, I struggle with brain interference instead of simply looking at price in relation to something as simple as a moving average. Sometimes I wish my IQ was a few points lower lol. I think it is not that difficult if we just learn to observe price behaviour. You...

Does anyone have any useful info on analyses of pre-volatility times? I only use charts and have not come across yet anything that can establish probability of extensions of daily range. I don't use volume, does anyone use volume analyses for that purpose? My aim is not to scalp, but to try and...

That was the main reason behind expectations of downside. 1. 7000 resistance 2. Doji on 10 min chart & also a hammer on 15; 3. indicators were heading lower & price kept rising This should have been my entry point on the 4 trade, I think it was a classic situation where so many sellers...

+13.00 points (Thu & Fri) Personal notes: 1. From the beginning of the Thu session I have chosen the wrong direction, it wouldn't have been that bad of a mistake if I didn't totally disregard the method's main entry principle & that led to me fighting the trend in the following 2 trades...

Have a look at DAX 10 & 15, going down?

7000 won't become support for now IMO, should slide now

DAX nearing 7,000.00!

I assume bars change colour in real-time, so why can't you go short when bar changes from green to red? Perhaps bar formations look perfect afterwards, is there any difference in bars in real-time and historical data? I am simply looking at your charts & can not understand why is it not...

Looking at the charts, they seem to offer plenty of cool trades based on bars turning green/red. What seems to be the problem? Interference based on lack of conviction? I have never used that sort of trading approach before, mechanical? I am simply curious why not take all trades and not pull...

-2 points NQ trades & +24.00 points DAX trades Personal notes: 1. 1st trade was taken from a book "How to buy at top prices", that was just plain dumb, like I said earlier I still have a tendency to enter into trades in the morning session that are based on emotion, "it's going higher...

One of my bad points that is totally unacceptable & I do realise it myself is buying tops & selling bottoms in the beginning of the session. I keep telling myself to chill & wait out any brisk price moves knowing beforehand that people like me will be faded on most occasions and yet I keep on...

Gober, what charting platform is that?

+16.00 points NQ trades, DAX charts were playing up today Closed Y's DAX Long at breakeven, Last NQ sell ticket remains open. Personal notes: 1. 3rd trade Long 1820.00 risk factor was extended, I adjust position as I felt uncomfortable going with using current low at the time & decided...

nqh7 5 min chart I think yes, that was 30m

Is that a bull hammer?

thanks, I'll give it a look.

I have no problem with stop levels, absence of estimated profit targets is another matter. I would like to achieve 3 to 1 (reward/risk), whether it is possible or not consistently I couldn't say. So far I manage to pretty much breakeven on an average week. I am trading very small size, I...