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Thursday 15th Jan 2015 :- 1 Min Chart Review -------------------------------------------------------------------------------- I haven't posted anything for a while, so I decided to post my opinion on this mornings action. I was back on page 4 of the journals, so I will have to make more effort...

I got in at 92.5 on that retracement just using the 1 min chart. When I get such a big initial stop loss, I have data to show that if it goes back 3 or more points early on then the trade usually hits the full loss more times than my target. However, rather than just putting the stop loss at 3...

Hesitation is my middle name. I waited for the next retracement on the 1 min, which got me in at 92. I didn't like the 5 or 6 point stop loss on the 1 min chart, so I based the stop on a low from the 15 second chart. It never went below the entry price so that was fine. Now I've just got to...

The 5 second is too fast for me, but I got in on the 1 min chart around 92. Some days those 1 min retracements happen at the right time. Today was good for that, but on the days where it shoots up without retracement, I wish that I could be braver at the open like when price reversed at the...

It wasn't a great day, because we revolved around those levels without going far. However, we all need a stop loss for the trades. I set mine up automatically as the trade is entered. They only get moved inwards, never outwards. It doesn't mean that I win anything, just that I don't lose...

I was looking back over my year of trying to learn to trade, and by the end of the year I have not reached my goal, but I feel a long way ahead of where I was this time last year. I could thank almost everyone on the forums for the great information that I read daily, but I will give special...

k p, I'm sure it will work for you, because you can already see the correct trades. Are you collecting the data for all the trades in excel or elsewhere? I am putting all the figures that I can think of into excel, as recommended by NoDoji and others, so that I can determine what will work for...

I think that if you want to capture the full range of the day, you would have to maybe use hourly bars for direction with maybe 10 Min bars for entires. Just a suggestion, I have never done it myself.

Tuesday 18th November 2014 :- 1 Min Chart Review -------------------------------------------------------------------------------- We started with a big move up from the open with easy retracements to provide entries, matched with small stop loss placements. I tried to be consistant with my...

Monday 17th November 2014 :- 1 Min Chart Review -------------------------------------------------------------------------------- I made 4 trades today. The tight exits only allow profits to be made when the trend breaks out and doesn't come back before hitting the target, which is not...

Thanks k p, I am aware of what you are saying. Hopefully my testing will show me the right balance between being too safe and too risky. For now while I am still testing I will try to be too safe. The testing s going slower than I would like, but the counting of smal details is very worthwhile...

Friday 14th November 2014 :- 1 Min Chart Review -------------------------------------------------------------------------------- I took some trades today but went nowhere. I have much more analysis to do for my best exits, but for today I went with what I have used all week to keep it...

Thursday 13th November 2014 :- 1 Min Chart Review -------------------------------------------------------------------------------- Today we went straight up from the open, and there was a retracement to allow me to enter. That seems to be the limit of my abilities at the moment. Thats fine...

Wedensday 12th November 2014 :- 1 Min Chart Review -------------------------------------------------------------------------------- I'm a bit late with Wedensday's report. We made it up to the overnight high, and back down again, but there were no clear retracement entries for me with...

Theres the whole of the Grand Canyon under that pink downward trend line. You might be better off using the blue upward line at that point, but I haven't tested it myself.

Tuesday 11th November 2014 :- 1 Min Chart Review -------------------------------------------------------------------------------- We moved down and back up today, within yesterday's range. There were several points of retracement to allow entries, but we didn't go on a crazy breakout outisde...

Tuesday 11th November 2014 :- Market Preview -------------------------------------------------------------------------------- On the 10 Min chart attached we can see the rise up from the lows of yesterday, which eventually reached 78 before moving into a range for most of the day. Overnight...

Monday 10th November 2014 :- 1 Min Chart Review -------------------------------------------------------------------------------- Today was not a fast breakout day, we stayed within the boundarys of the overnight session for over and hour. I did get two low risk entries and I kept to my plan on...

I just got back to reading the threads, and your prep work is really good. I like the value areas, and the defined areas for trading long or short, or waiting for clarity.

I've been away for a while working on issues outside of trading, and I'm back for now. I have some work to do on exits this week, because I am caught in two minds at the moment. I may trade for real if any really good setups occour, but I do hope that I can stay out if no good trades are...