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I stayed disciplined throughout the trading session and focused on trading with strict caution during the small range. Trade#1 – Price traded higher at the start and hit my first resistance area of 1124 and retraced. I decided to get short around my pivot of 1122.50, 1 point prior to...

kserra, I had an identical entry as your trade #2 (off a different signal of course) and I too exited prematurely. I don't generally offer advice because I feel I'm still a relatively new trader trying to find my way in the business of trading but I did want to comment......... If you...

I was a bit impatient on a trade or two but overall I'm okay with my trading for today. Trade#1 – Price trickled down after its premarket run-up to a high of 1130.50. We had an opening low of 1126.75 at 9:32 and price bounced off that level pretty quickly back to the open area. I decided...

ADX_trader, You’re right, most of my initial stops are larger than my profit targets. I’m fully aware of the basic risk/reward principle but I don’t make it standard practice to follow it. In my opinion, you don’t necessarily need to have a high win/loss ratio to make a profit...

I’m avoiding setups like trade#1, but overall I’m happy with my trading. Trade#1 – Wanted to test the strength of the retrace of the LOD. Went short at the first sign of resistance but I was proved wrong on a continuing downside follow through. Covered position immediately to...

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kserra, How do I plan to deal with predetermined profit targets that may not be attainable? After I enter my position, set my profit target and initial stop I plan to continue managing my trades by analzying price action along with other market breadth indices and current support &...

easyrider, Do you think you can elaborate more on "your opinion" concerning Monday's trades 2 & 3? This may help me put things in a different perspective. Respond at your convenience!

I’m happy with the bulk of my trading today and with my entries and exits. Took a lot of s/r signals because of the tight range and I focused more on my chart instead of watching my bid/ask screen. Trade#1 – After going short the market turned choppy and I should have covered but...

Peterfigliozzi, Good insight about the institutional money coming in (or heading out)! I’ll ponder your statement about the rule you recently added. That seems to be tough ……….but I will comment later after further analysis. Thanks for continuing to post and provide...

Scalp! I don't remember mentioning at once in my journal that my strategy is to scalp price. I've never scalped price nor do I plan to do this in the future. However, I realize some of you have concluded that I'm a scalper solely upon my quick profit trades. My quick profit trades are...

After trade#1 I Just wanted to get back into the groove of trading by just reading my chart and analyzing price action in conjunction with my indicators. Today was a good learning day for me! Trade#1 – No signal! I should have avoided this trade completely because there wasn’t a clear...

Just trying to get back in the grove of things after a two week break for the holidays. I'm looking forward to tomorrow's trading session and I will focus on the same issues from last year. I'm also looking forward to commenting on a few things I learned while on break. Remember, all...

Baruch, At this point I wouldn't be able to enter an exit the market without a concise set of rules. But thanks for the feedback. It may work for others but at this time in my learning stage it will not for me. Happy Holidays!!!

Baruch, Drop my system? I'll never do that!!!!!!!!!!!!! I'm going to work on my errors and fix them as soon as possible, simultaneously learning more about trading and when I do you'll definitely see a difference. Drop my system?!!!!! What the.... What's your reason for writing that?

peterfigliozzi, Your input is very encouraging. Thanks for continuing to post! Since taking the new signals I'm learning a lot more about myself as a trader and doing things I've never done before; all in a good way. Truthfully it's not just about "accepting a missed trade and not...

Remember when I wrote…… Well, recently I made additions to my systems and now I want to take the opportunity to explain the new setups I've added. In short, I wanted additional signals to complement trend days, that way I won’t be fixated on just playing trend reversals! Now...

I think my indecisiveness early on did me in on my first few trades coupled with the fact that I was late entering the market. Trade#1 – .Early on price moved lower and I attempted to short with the small down trend but was late entering. Should have entered on the pullback around 9:45 EST...

I didn’t do a good job at reducing my most common mistakes today. Will continue to work on them. Trade#1 – Used my 30 minute chart to gauge market direction and early on it was up. Went long to test the strength of the opening high. I exited prematurely after seeing a doji and down...

I started the morning with a strong LONG bias and thought the market would continue upward but I was quickly proved wrong. I paid for it early on!!! TRADING TIP FROM #FUTURESTRADES ROOM: “Having a bias Long or Short is ok. However, it's your responsibility to trade what you see and not...