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-9.5 pts / 11 round trips Today was just plain stupid top picking trading. During the whole uptrend this morning I was for some reason picking tops. Once I got sucked in I kept on trying to find the top. I ended up losing alot of points doing that. Three words sum up todays trading ...

NihabaAshi, I went back and looked at the chart for the times you mentioned and nothing stood out to me as a trend reversal. Could you explain how you saw these two points as trend reversals. If you don't mind sharing, what are your trend reversal patterns/signals that you consider...

+ 8 pts / 4 round trips (4 winners, 0 losers) Today was an excellent trading day for me except for one problem ... yesterday spooked me out. I was closing positions after they got a few points in my favor because I didn't want to lose my profits like I did yesterday. If I had gone for my...

-.5 pts, 6 round trips (2 winners, 4 losers) Trade 1: Got in on the pullback looking for continuation of the upward trend @ 913.5. AAA's comments about not letting a winner turn into a loser echo through my head today. I had my target limit order at 918. After I got in the trade the...

NihabaAshi, I checked out the August 6th chart and you're right they are very similiar. I think trading mornings like the 13th and 6th can be very profitable if one recognizes the trend early. As far as my short trade at 9:49:10pm est goes, I didn't use any indicators. I just based the...

Thanks for the input ... hardcash, I started with 5K in my account but have another 10K on the sidelines which I could use. So if you look at the % risk that way its not as bad. I trade off of a 1 minute time frame but also reference 5, 10 and 15 minute candle charts.

Made a weak profit today ... + 2 pts / 3 round trips (2 Winners / 1 Loser) Trade 1: I jumped the gun on my first trade this morning. I was looking for a reversal based the time of the morning. The market tends to reverse course 15 to 20 minutes after the open. Probably should have...

Yeah, I guess they are arbitrary. I always aim for 4.5 points on my wins and always have a 4 point stop loss. This way if I have a win rate of greater than 50%, I'll be posting profits. I don't use a trailing stop of any sort. I am considering doing this however. Once or twice it happend...

Bad bad day trading the NQ today ... -11.5 pts / 5 Round Trips / 4 losers / 1 winner Account now at $4,131.69 Time in central time ... Trade 1: -4 pts 08:48:07 Sold @ 926.50 08:51.13 Buy @ 930.50, stopped out Dropped from 931 to 927 without much of a bounce back. Traded in a...

I've enjoyed reading the journals of Bronks and others here trading the eminis. So I've decided to create a journal of my emini trading life as well. Feel free to offer advice, tell me how stupid a trade was etc. Hopefully I'll grow a as emini trader from creating this journal and hopefully...

NihabaAshi I could trade both but I think it would be better for me to focus on one right at my point of the learning curve. The entire month of July I did well trading the NQ. It must have been beginners luck because August so far has been killing me. Maybe I got cocky about trading and...

I recently started trading the NQ futures in beginning of July. But recently I have been considering switching to the ES futures. The ES futures seem to be less spikey than the NQ. I am curious about the opinions other people have about the two. What do you like and don't like about the...

Bronks, My advice for you is to not to listen to the advice of others. I've been following your journal and most of the time you get burned when you try something new. When you stick with your own discretionary ways you seem to alright. I am sure your personal discretionary way will evolve...

I agree :D

Anybody here use Advanced Futures as your broker? How are they? Presently I am using Interactive Brokers but it looks like Advanced futures might have more bells and whistles. Brutus

What software do you use to calculate your pivot points? Do you trade based off the pivot point calculations of the software?

Just wanted get the opinions of people on Mark Brown's Oddball S&P 500 mechanical trading system. www.oddballsystems.com It looks pretty good. Anybody trade the system?

The trend will stop going down when the trend starts going up. :) :p

We'll hit Nasdaq 5000 again within 3 years and then plunge to 500 forming a great "double bubble" ... never to be seen again for 300 years.