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Wedensday 1st October 2014 :- 1 Min Chart Review -------------------------------------------------------------------------------- I'm progressing slowly. So far this week my trading errors as I define them, have been reducing, although not yet gone away. I am happy with my retracement entries...

Wedensday 1st October 2014 :- Market Preview -------------------------------------------------------------------------------- Like a dog on a chain, the price reached the hourly trend line yesterday, and couldn't pass through. That ended up being the high of the day, so now we are back below...

Hmmmmm meaning Db is about to make a short :)

Tuesday 30th September 2014 :- 1 Min Chart Review -------------------------------------------------------------------------------- My speed of thought wasn't quick enough today. That shows that I don't have all aspects of this ready. As I have been told, I need to own the plan, and at crucial...

Tuesday 30th September 2014 :- Market Preview -------------------------------------------------------------------------------- After making a double bottom yesterday morning, we proceeded to make a big rise yesterday. We are now sitting at the midpoint on our hourly chart, and close to a...

Monday 29th September 2014 :- 1 Min Chart Review -------------------------------------------------------------------------------- I made two trades today, and both were against the trend. I had spend most of the morning observing, and trying to see if I could use the 5 Min and 1 min together...

Monday 29th September 2014 :- Market Preview -------------------------------------------------------------------------------- On the daily chart we are moving towards our channel low, where the most likely direction is a move back to the mean. On the hourly, we passed through the bottom of our...

Thanks, trying to avoid getting my fingers burnt. I'll wait for the better entries.

I see. I'll have to go through some more charts and look at some examples of this. Shorting off the range high or a pullback makes more sense.

My plan tells me to enter on retracements, but my head didn't tell me to follow my plan. I do like relaxing trades, and its a pity to miss it today, but like repeatidly hitting the snooze button on my alarm clock, I wlil eventually wake up and make the right trades. I actually measured out the...

That was a great trade to take today, I'm glad you got on it. I'm still swinging for the wrong balls, but at least I'm on the park :)

Just a quick review of what I saw on the 5 min at the open. Before the open we had a hinge/triangle which eventually exited from below. There was then a slight sideways movement (bear flag?) which again exited from below. Finally on the open we tested this exit point and turned down. I know...

Thursday 25th September 2014 :- 1 Min Chart Review -------------------------------------------------------------------------------- Mistakes today. I missed my first and best entry, and couldn't get back on track. These are the days that provide the fuel to the engine, and I only missed out...

Thursday 25th September 2014 :- Market Preview -------------------------------------------------------------------------------- On the daily chart we are sitting at the midpoint of our ascending channel. Ideally the best trades are at the extremes, but we may still get some movement here...

The 5 min/1 min combinations that she talks about sound more reliable than pure 1 min. The 1 min is good for learning, because you get more trades to watch, although she may be right about it being unprofitable for us. I'll know that if i can ever elliminate my "mistake" trades.

Isn't that the ultimate problem with what we do. Trades with the trend will fail at choppy times, and reversals will fail in trends. Our job is to determine where we are. Some days are easy in hindsight, but I can't see any way in today. The good thing about he market is there is always...

Nice work with the 5 minute chart k p. I think there were no easy trades for us today. Maybe later.

Wedensday 24th September 2014 :- 1 MIn Chart Review -------------------------------------------------------------------------------- As much as I say that I can wait out a day with no trades, I think the sight of price going up and down in a big trend without any point of entry, leads me to...

Thanks for the link Surf

Well I thought the two episodes were good. The HFT guy was like a Dutch Charlie Sheen, and nothing can beat the woman selling kittens to make a stake. It seemed quite clear from the program that very few make money. I would have thought that it would put people off trading rather than encourage...