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and here's the chart of the second trade. It could have been sooo beautiful! LL

Again I focused on selecting only high probability trades with a favorable risk/reward ratio. Therefore I took only 2 trades today. Trade management remains my biggest weakness. I am satisfied with both trade entries. Both trades were far in the green after only a few minutes. The main...

dubs07, thanks for posting the edited chart. The way you lowered the stop seems like a very useful strategy which I will try to integrate into my trading. The retracement you marked "1" would have been a perfect entry. The reason why I entered the trade earlier was that I was afraid to...

Hi gurucandidate, thanks for your insight. I completely agree on what you said about target selection and hanging on to winners. To me it clearly is one of the weak points of my trading. I agree that target selection has to be done on a case by case basis and factors such as the...

and here is today's trade: short 12.337 exit 12.322 LL don't worry, I will also post charts of my losing trades! :cool:

After reviewing last week's trades I realised that I was not trading according to my plan. My goal for this week is to trade less and make a better trade selection. I want to concentate on the high probability and high potential trades. Therefore I took only one trade today. Trade 1...

Thanks rcj, however if it really should take me a full year from here then I am not sure that I'll ever make it. LL

Hi Dubs07, I haven't received your email yet but I'm looking forward to seeing that trade. The problem I'm facing is that my broker does not provide the TICK and TRIN data. Now I need to decide whether these indicators are worth installing a second platform or even switching brokers. Or...

Trade 1: +4 Trade 2: +6 Trade 3: +8 Trade 4: -9 Trade 5: +7 Trade 6: +6 Trade 7: +6 Trade 8: -14 Trade 9: -15 Day: -1 Week: -45 Month: -45 Again a large number of trades today. I am very disappointed as again I did not manage to stick to my plan. I did not manage to be patient...

Please let me know if anyone is finding the TICK & TRIN indicators helpful. I have been reading about them but unfortunately my platform does not provide the data. Maybe somebody can tell me where to find them?

Thanks bvam1, the thread you recommended is really interesting and covers some of the points I am currently struggling with. I will take the decision whether or not to continue trading at the end of the month. After this week's poor resuts it may seem that I still have a long way to go before...

Sounds good dubs07, I will do that. I might even post some trades on this board. It is true that today I did not stay in any profitable trade long enough to let it develop into a 20+ points winner. I suppose the reason is that I simply wanted to close some profitable trades after the last 2...

After 2 losing days I am happy to report that I managed to finish (slightly) in the green today. Trade 1: +16 Trade 2: - 8 Trade 3: - 4 Trade 4: +12 Trade 5: - 4 Trade 6: + 6 Trade 7: -10 Trade 8: +4 Today: + 12 Week: -44 Month: -44 However, I am not at all satisfied with my...

Hi TokyoGhetto, I wanted my winners to be at least as large as my losers. Therefore I was trying to give them some room to develop. But I suppose you are right. I should probably try using some kind of trailing stops to prevent the winning trades to turn into losers. Thanks for your...

Another awful performance! I still had yesterday's losses on my mind and wanted to win them back. I did not trade according to plan. I think I might have to take a few days off to get my head back. trade 1: +8 trade 2: -15 trade 3: -3 trade 4: -12 today: -22 week: -56 month: -56...

You are right Omelette, I should have posted the trade results. But don't worry about me honouring my stops. I enter the stop orders straight away. I have learned from past experience. It really hurts but here are yesterdays trades: Trade 1: -15 Trade 2: -15 Trade 3: -14 There you...

To my defense I have to say that I am not using all of those indicators all the time. What I tried to say is that those are the ones I might use for any given trade. But I don't have all of them up on the screen throughout all of the trading day.

Hi Dubs07, I think you are right about the journal. I am currently using one journal where I simply record all my trades and a second journal explaining my actions and emotions. Now about the -44 ... I managed to save myself 5 bucks by hitting the exit button manually. How do I...

Thank you for your reply bakrob99. I agree that I should have exited this winning trade sooner. A trailing stop certainly would have helped in this case. Wouldn't you say however that the point of exit of a winning trade depends on your trading style? If you are looking to trade trend...

No, these are my results expressed in YM points before commission.