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RN, Indeed I believe your take on the situation is correct. I've not tested a method yet for more than a couple days so that's what I'm doing now. I've gotten really good at back-testing every method possible, but not sim-trading it long enough to get an idea of how capable I am at...

Shopster, You're cherry-picking quotes. Maybe I should have been more specific when writing out my thoughts. I expressed my desire to trade at 9:30. Then, at 9:51, 20 minutes later, I had a signal and took it. Two entirely separate occurrances. First I thought about trading but...

Ah that seems like ages ago. I cringe when I re-read my old posts. For the record, all of those quotes were from back in the summer/early fall. At that time I didn't have a trading plan and I was attempting to trade stocks at a prop firm. I lost a couple grand before closing the account...

Beachhouse, It sounds like you have taken that statement out of context, the tip of the iceberg. At the time when I wrote that, I was irritated at my own inability to follow my trading plan. The individual trade's outcome is irrelevant if you know the odds are in your favor over a...

Leave my work completely? What will I do this weekend then??!:D Seriously though, thanks for all your help so far!

Progress. Last night I went over my trading method in detail like I've been saying I'd do and refined the method, and had decent back-test results. Also had my ego chewed to little pieces by an ET mentor, and that helped a lot. Today I tested my method two ways. For the first test, I...

As a mentor of mine has said to me before: "Trading is truly a game that we all play inside our heads" So far as I can tell, most methods/strategies work provided the context is right. My experience is beginning to show me that it's not the strategy it's the trader. I think trading truly...

RN, Thanks for keeping me in line. "Come hell or high water" I'm gonna write that down.

Thoughts for today. ~9:30am. This morning I felt the urge to trade, even though no signals were present. Did not take any "false" signals though. Just writing honest thoughts. Trade 1: Long @ 9:51am @ 2470.75. stopped out at b/e +1. Took the trade. I felt that I wanted to hesitate...

RN, Thanks for the encouragement!

Writing this early because I have schoolwork to be done. Continuing with the quoted thought above, I've straightened out some internal conflict. I love the idea of scalping yet I hear people on ET say it can't be done due to commission/slippage, whatever reason... Because of this, I've...

Okay, better progress since last time. I went in with a plan and took one trade. Here's what I wrote: Trade 1: 9:57am Short @ 2423.75 Entered exactly as planned. Was stopped out but that's not the point, although I have officially reconsidered changing where I put my stop. I...

This will keep me accountable. Starting tomorrow morning, I will begin a 21 day exercise where the only goal is to take ALL setups as planned. I do not care about whether these setups can yield profitability. I do not care about if I make or lose simulated paper money. I do not care...

I think I'm having another ah-ha moment. I have read so much and tested so many ideas and now I find none of it matters if the mental fortitude/emotional growth isn't there. I was reading through an old thread on ET titled "Why Can't I Make Money - When I Know What to do?". In that...

Continuing from my last post, it seems using multiple time frames has led me to a new revelation. I haven't done sufficient testing yet, but here's what I've found so far. If I time my entries until after the most recent price pivot when momentum is driving price on towards the next pivot, I...

Latest Concept that is starting to make sense: Multiple Time Frames. By using a 500 tick chart in combination with a 100 tick chart (tick charts simply being my personal preference), both time frames are in sync with each other, and more importantly tighter stops are achievable. I've...

Latest Concept that is starting to make sense: Multiple Time Frames. By using a 500 tick chart in combination with a 100 tick chart (tick charts simply being my personal preference), both time frames are in sync with each other, and more importantly tighter stops are achievable. I've...

Redneck, Wow thanks! That's a hell of an outline. For the record, I've done a fair amount of the work already mentioned. I've read Brooks book and that gave me a great insight into price action. I've read Edwards & Magee and other books on classic TA. I've read Douglas' book as well...

If your plan calls for stop entries and you don't know how to do that, then you don't know how to execute your plan fully, which in my opinion is very valid reason for not trading live yet. Again, for what it's worth it's only my opinion, but you need to answer the questions and tie up the...

Although I don't know for sure, I assume the original poster of that evolutionary process meant "algo" as in the trader becomes virtually the same as a programmed system. Very little to no occurrences of breaking/not following one's trading plan. The ego is reduced to the point of not...