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Hey Matcha, I agree about the above posts. If your targets are higher than your losses then you don't need a high win rate. Last week I had 3 winners and 8 losers. I still only lost 1 pt. The reason was I was risking eg. 5 points to win 8-10 pts. Of course, I also agree with you that...

Best day ever on FESX!!! Yty, I couldn't trade as I was away, but the break must have done something good as I made 18 points today!!! Awesome, awesome day. I really felt in sync with the market. Overall felt really comfortable with my trades. The difference was that today I looked for more...

Hey Matcha, Been away yty. I saw your trend day loss. Don't worry about it. Happens to us all. We r waiting for the pullback and nothing that makes sense happens for us. I think even the best traders miss oppties on trend days. I think that even when they make it on trend days, there is...

So far today, I'm up +3 pts. Trade 1: Long off of yty's POC accompanied by a spring (1st yellow arrow) and indicator divergence. Got out at +6. I could have entered again at the low of the candle showed by 2nd yellow arrow but I was happy with my trade to risk it. Trade 2/3: Shorted...

You are not really hedging, since if the market drops you could lose quite a bit. Anyway, check out Interactive Brokers. They should be able to take care of you if Tradestation can't.

Thanks for the analysis! An excellent job! Congrats!!! Keep up the great work! You will succeed!

If I was a little careful I would have finished the day profitable :( In any case, I finished with a small loss and that's ok. As long as I continue finetuning, I'll start becoming more consistant. Market dropped and I looked for a long oppty off of old POC (marked in yellow) but didn't...

Go to www.tradestation.com They are electronic brokers who also have an advanced chart program. That is what I use. You can trade FESX and DAX. But I don't know about OESX. What is OESX?

Looks like I'm done for the day and for the week. I thought I'd made some nice profit today but price action just turned into a mess and came up with nothing. First trade was a short off of yty's POC. Started to work but then pushed up to my stop. Shorted at 2998 with 2 pt stop so -2pts...

Haven't seen an IB chart in ages (as I am on Tradestation), however I think the consensus is that IB chart sucks. I think almost everyone who has IB uses a different charting platform which gives them more flexibility. I think flexibility is keep to success so if you at any time feel...

I also lean towards the all-in/all-out camp. The problem with scaling in/out is that it really is alot harder than most people think. What usually happens is that you may end up averaging down and screwing up. Whereas the all-in method implies that you always got your stop immediately entered...

-------------------------------------------------------------------------------- Quote from mgmaggie: I know, when I went to the bathroom I was only a few hundred in the red. I just didn't believe that CL would move that fast and that much. Now I am over five thousand...

2 Trades today for +6 pts. It really should have been 3 but missed a really nice short. Trade 1: Market moved down on the Japan downgrade. I shorted but it was too early @ 2963 and was quickly stopped out at 2967. -4pts. I really should have waited for a trade setup around yty's POC. A few...

Yty was a good day. Was a losing day but a great learning day! Trade 1: Looked to take a long off of yty's POC which was 2966. Price hit that number and bounced off it. I was in at 2970 with my stop at 2966. Like yty, price dipped, tested that bottom, took me out, and then pushed up. So...

Indeed, Jan 20 should not have happened. After Jan 20 I switch from my real acct to sim. On my real account I was trading 1-2 contracts max. Funding my account for much larger level of trading is not a problem as I have some cash on the side. What is most important is to become consistant...

Today's trades: 1) Took a long off of yty's rotations at 2981 but was quickly stopped out for -4 pts. It was a hasty trade and I really should not have taken it as there was not enough support for a turnaround. 2) As trade 1 failed it was obvious this would move down, especially after the...

Thanks for your thoughts! I have indeed started to write stuff down. I too am trying to figure out a spin off of MP that will work for me. Please let me know your thoughts on any of my trades. Good luck this week!

Over the weekend I decided I would trade around POCs. Having seen the magic done by MP I decided that once and for all I need to see if I can make it work for me. I looked at how enthios does it and decided it wasn't my way. I liked the way balancetrader does it but was not comfortable with...

Market Profile of FESX for Friday. POC at 2971/2

Nice stopping yourself and going back to study the mistakes. Gotta agree with above ('Went fishing') that letting the full stop get hit just to prove you wrong is not the best way to approach the trade. I've done the same thing so many times... you know its not going to work. Take yourself...