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Rashid, it took Bighog about a year and a half to pound this into my head. He never quit telling me to follow the trend, until it ends, period! And I never quit doubting the validity of it! Until this year. The psychology behind the trend-following price action is that it takes a LOT to change...

Petty, I want to thank you for taking time to post here. I'm finding it a very informative addition to the thread, even though I've been trading CL instead of ES for the past couple weeks (CL it appeals to my ADD personality). To answer your question above, besides ES and CL, I'm a very heavy...

Yes, it was, right off the rising 20 EMA, great trade man! Mabenn, I'm glad you gave it a look. Some folks here had issue not long ago with the fact that I kept having winning days (isn't that kind of our goal, BTW?) and now you know one of my keys to the kingdom! I think it's an amazing...

As you can see from the chart, no setups for me this morning, not even my darling POT. :( I may be back before the close. Good trading to all!

I'm with you on that. I only have till 10:00am ET to trade today and tomorrow, and I missed all the good stuff overnight!

Agreed. If you're scalping then you are competing with forces far beyond you. I narrowed my focus down to one stock and one futures contract. I trade POT frequently. I trade with the intraday micro-trend, mostly to the short side, because it's in a longer term down trend as well and because...

Instead of competing with the market sentiment, go along with it. For example, the trend is down. Short the rallies. When the trend is up, buy the dips. The professionals trade with the trend for the most part. The faders have very deep pockets because you have to take a lot of heat picking tops...

Getting this feeling of deja vu: http://www.marketwatch.com/story/us-dollar-libor-rises-again-2010-05-20?reflink=MW_news_stmp http://www.businessinsider.com/dow-theorist-richard-russell-sell-everything-liquid-you-wont-recognize-america-by-the-end-of-the-year-2010-5

I still have my old spreadsheet saved, "TradesNotTaken.xls", to remind me of what happens when I pick and choose instead of taking all the good ones. I use a 5-min for setups and a 3-min for entries. Have to switch right back to the 5-min once in or the noise cuts the winners short every time.

Yes, a re-entry is where I'd add to a winner, or re-enter with the trend in progress if I took profits and wanted to ride the next leg in the trend. A new setup would be a setup different from the one I missed out on, such as a counter-trend setup (reversal signal).

Trading in the Zone a big game changer for me. I read it once and understood it cerebrally. Read it a second time months later and "got it". It was as if I read two different books. The soil has to be properly prepared before the seeds take root and thrive.

This still haunting me, too, every day. Believe it or not I always have the thought "this will be the trade that fails", and I have to look at my bar-by-bar analyses again and again to prove to myself that my setups have edge and just because I actually trade them doesn't suddenly invalidate them!

This happened to me early this year. So many factors combined to form the "it" that I finally got, I'm not sure it can be explained "in a nutshell". Factors: * Almost 5000 hours of screen time * Repeating mistakes again and again and again and again and again (really) that I promised...

I think 1.75 pts was a good target when the daily range was 6-10 pts, but ES has been providing individual 5-min bars of 4 pts or more several times a day, so I think you need to shoot for a larger piece of the pie at least once a day. The 3-min chart appears to be the smallest reliable...

Just as I don't care why the market moves, only that it moves and that I follow the price action to my benefit, I also don't care why placebo effect or acupuncture or homeopathy work, I only care if they work. Placebo effect has been scientifically proven again and again and again, therefore we...

Surely you've had trades capable of providing heat to the masses!

It seems like you just wanted to be in a trade. Maybe you have a conflict about how trading relates to "working". If you're not actively trading, you're not working, which isn't at all true, but if you come from a framework where working means you're very busy all day (which is the framework I...

I'd been sim trading CL for months and couldn't get myself to trade live. I couldn't get over the mental block of trading something in which my average stop loss was going to be 2-4 times what I was risking trading my favorite stock, POT. Also the fact that each CL was equal to 1000 POT and I...

This happened to me many times, usually after I saw a good setup, hesitated on it, then missed the move. I would then try to "re-create" the reality that I missed by getting in way too late, which usually resulted in me selling a bottom or buying a top and instead of getting out right away when...

Timing of the trade, for anyone interested. (I'm 3 hours before Eastern)