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Snowman75 Yes, no matter what market is doing everyday. No matter how many traders make millions, losing millions. I am just keep grinding... slowly....slowly,...let it grind..let it grind... small snow ball....big snowman... M

This caught my eyes a lot! As a caring cyber trading friend, I almost had a heartattack when I see this. Sorry for being criticizing. "Moving protectve stops" you mean tighten? or widen? If "tighten", then we just got some work to do to test and refine the trade management piece of the job to...

No trade today. Stay conservative. The only trade signal for today was a pullback long at the open a@7:20. I didn't take since there are too much overlapping price action, I let the questionable setup pass by. Tomorrow then

Yep, learned something new everyday. Keep making errors, keep fix them. Then keep repeat errors, keep correcting them, on and on. I am still working on my trading plan as the problems revealing every trading day. Are you happy with yours now?

Nodoji/Pshchologist/Doctor You pointed exactly what my struggle and sympton is everyday. My "try to catch trendy day" spirit clouded my eyes... I dreamed about holding through the bear/bull days to get a 100 pts profit every night :p ...And I thought it could be today.... I now made a firm...

I think today market offers a few good PA trades. I was punished by not taking profits and breaking rules. So I had a b/e day. Not too happy with my discipline. Trade 1: long pullback at the open. Market retraced then took off. The day looked like a nice trendy day at that point. I got a bit...

Appreciate your comments on my chart a lot! All these "read" is what I need to develop now and know to act fast on it. Just a question on entering this type of "trapped bull/fade failed B/O trade". when you enter the trade, do you enter it on smaller time frame or you enter when the large red...

RN: I included all of the above in my trading plan. And I will read it every morning to myself. It will also be the learning guide to help me read and understand market. I will learn them step by step. Once at a time. Thank you! M

Small loss but happy with my discipline today. I didn’t try to short the break down near LOD neither did I try to buy horizontal flag at HOD. I also did not take a reversal trade and just let it pass me by and waited for a pullback instead. When the best looking setup shows up I went in...

I shorted below the 7:50 bar(12208) during 8:00pst bar is forming.After the order wass triggered, the bar turned to be a 1 tck failure bull reversal bar. I exited. You are correct. It's another mistake i made, I went for 2 leg pullback setup, then price started to overlapping. I exited before...

Thank you. I tried very hard to clear all the crap in my mind this morning. I am working on "build the context into the setup" and trading "the system" right.

Today’s trades all reflect 2 of my major trading problems.1. short BO near LOD and below doji signal bar. 2, trapped in the barb wire pattern. As long as I could fix those problems, I will reduce more losing trades. Trade 1: short. Bad short, I shorted at the low of the day. Below the...

Hi, xroad. Thanks for your honesty and being straightforward. I am not sure if this comment is directed to me or PO or all the new traders. But I think PO does have his own method that he is working on. I agree with you that no one can walk anyone down to that road. Everyone has their own...

HI, Sifu! Glad to see you here again. Thanks for your chart and reminding me of using multiple time frame Chart I post everyday is the 5 min. I took setup from there. I only trade pullback now. I have been watching 15 and 60 min but not that often in trading hours. I do mark all the S/R...

I think there are ups and downs in the trading career that we have to get used to. Be prepared for that. Especially during first years of learning. Our inexperience will cause us a few losing days, max. losing days in a row. We will have great days in a row then only to give all it back in one...

Yeh, I am going to forget "limit order" for a while. Consider yourself did well to day. But it's not a very good habit. I think for me, to not let ytd's losses impact today's trades seem so impossible. I have to admit that. Subconciesly, I was "scared of losing more". I just think the...

I only watched market today. Don’t feel like my emotion has been adjusted from YTD’s crappy performance. But I did try the limit order strategy to get in long at 7:20 but due to my lack of experience I couldn’t get the order in. I kept switching my ideal “limit price” then I ended...

I am still testing and trying to quantify the critieria for limit order entry strategies. If anyone has a great method, please feel free to share. PM is welcomed too.

Okie, I am very embarrassed to post my chart and result for today. I made all the mistakes. My chart looks very messy. I stopped trading after 10:47. Maxed out the daily # of trades and down 3 digits. My first trade was a limit order short. When I see no FT, I took the trade off. But I...

I took it on the 5 min chart. Bottom of the pause bar@10:55. The momentum down is pretty hard, so the H1 at bottom of the bull chanel will most likely fail. But it's a riskly short though.