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Nice thread Sal.... 2 blow outs here... 04 in stocks and last year at the hands of ES.. I get the feeling blow ups are not gradual events but gambles..

Not a good day... and quitting... This little exercise shows the difficulty in sticking to rules for me no doubt related to excessive emotional investment in perfection and results. Did not meditate this morning... hmmm...?? The last trade underlines the reasons for Rule 2: A price level...

Morning Prep.. NQ trashed that formation by dropping into the 40's AND not staying down there yesterday.. Will leave the TL the for now though MUCH less useful.. Need both NQ and ES above mid points, 75 and 38 area respectively to continue the pattern back up to highs.. Report at 10, GOOG...

D, Similar to my losing 1860.25 NQ trade... Technically you needed a stop above the last bar before open.. "stop" madness.. Depending on system, today should have been a big points day... Chop day? we say.. choppy day hard to make money... Trend day? then what do we say? Any decent...

Goalposts moved to 1875NQ and 1137ES

From afar reason for the 1860.25 long is clear.. I REALLY wanted to move that stop..

The afternoon not usually worth big moves especially after a big morning.... Will refrain from it in the future.. The last trade was THE trade to keep but will stick with 2pt stop... Rules: 1: 10 2: 10 ... 45 min trade... 21 min trade (stopped)... 1 min trade (stopped) 3: 10 ... 3...

Missed quite some action. There was a nice short setup entry right after open. Hourly it would seem a bounce back to lower TL (58 to 59 area.. 1131.5 to 1133ES) today or tomorrow would be a short area if we don't reverse AGAIN back into the 80's.

Will miss first 2 hours today... another swing back down in the range? Finviz now offering futures charts.. quite a site. USD flying so this could be it for stocks.. http://finviz.com/futures_charts.ashx

Watch NQ, ES, 6A trading NQ only for now..

Neke.. DELETE BIDU permanently from your list. When I traded stocks and they "mis-behaved" (or I did with them ;;-)) I black listed and never traded them again... I did not even see a quote of them for weeks.. too many other stocks out there to risk emotions on one. Happens with manic tech...

Precision of trendlines errie sometimes....

Only one trade and good job.. Rules: 1: 7 ... Moved stop in favor of trade but early.. jeopardized trade.. A small chase to 71 (rather than stop entry) complicated things. 2: 10 ... 44 minutes in trade.. :cool: 3: 10 ... 1 trade only. :cool: + 18.25 pts. Good enough for the day.

NQ building something towards higher volatility?

Morning Prep: No Reports Interesting hourlies.. NQ especially could be the mythical Diamond formation.. Game plan.. Short 1875 area or Buy high 1850's on confirmations.. Reverse trades outside this wedge if left with conviction.. 75 breaks and 87 area again.. AND follow rules.

Lescor... My first and probably only question.. How do you differentiate chop from trend.. A few chopped trades??

Nothing against anyone here but given the general decline in morality, technology is very deflationary to the point of discouraging work. Ironically the same technology facilitates buying, reading, and selling it if you don't like it for frequently over half what you paid for it. How do such...

Norcross

But that takes too long:D Come to think of it my current futures account has a risk management feature requiring me to call to add contracts to trade. They don't argue when I call (when I called to reduce the guy couldn't barely figure out how to do it!) but there has been a time or two when...

Isn't the said broker "feature" automation EXCEPT it's a "bit" harder to override? We do have to admit though that for every LTCM there are others that have trade full lifetimes successfully. Some (Livermore.. etc) are just doomed to, at some point, go a little mad and do something crazy and...