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I just started reading this thread not sure if it has been mentioned. Here is a great article on a LA poker player who I have seen on a couple of occasions and always wondered about. "He looks at a $100,000 stack the same way a home builder might view a parking lot full of heavy equipment...

Ed Seykota the most interest to me as far as his mind and the way he viewed the market. Love his responses to the questions asked of him. Also liked Bruce Kovner. AllenZ

I was comfortable riding it out for the day. Had I not been able to cover some after market i would have hedged with YM ( DOW Mini ). These market flukes happen just part of the game. I did hedge some QQQ but not nearly enough to cover my position fully. I think many were in that boat. Allen

Was anyone else caught short in the NQ when Globex went down. I have not cursed that much in a long time. I am curious as to what anyone else who was short did ith thier POS. I will start covered 1/2 when we opened at 16:45 @ 1114 then covered the rest this morning @1115 for a loss of -13...

Yeah baby!!!! The scene where he cals the girl like 6 times only leaving messages still makes me wet myself laughing. Allen

Something I watch for on gap days like this is if the gap is occurring above R2 ( pivot ) resistance. Today R2 is at 1051 NQ and we opened at 1050 just under it. Next look at this weeks NQ move, 1095 to 1020 a 38% fib retracement is 1049 also resistance. After that, look at 11:00 on 4/09...

I have several patterns that exist and generally offer 3:1 RtR. But the biggest problem, and especially lately, is that if you trail stops you will likely not get the target exit. For example if you go long NQ at 987 with a stop at 983 and have a target of 1000 on a specific setup. Once the...

Simply awesome post.................period. AllenZ

Here is an interesting situation for discussing this much argued topic. On Thursday 2-13 I went long at 942 above the high of the 14:15 bar ( 15min ). Now anyone who looks at this chart will admit that I caught the bottom of this recent down move. I exited at 952 ( +10 ) at 15:09. 952 was my...

I try to adhere to my trading plan as close a possible so I try to take all the setups I can as I am never sure of what is an "error" or what is an actual loss cluster that is creating my downside for the given day. The setups I use have a very small amount of discretion and I will discuss...

The key to the 30-minute breakout trade is knowing which ones to take. It is my belief that the break of the 30-minute range always triggers a trade only question being a fade, or continuation entry. On the 30 minute breakouts I take for continuation my win rate is above 70% and fade entries...

One lot I think I understand what you are saying. I play a lot of breakout failures and there are a few things that can lead you in the right direction. I trade the NQ so there may be some subtle differences to the ES but let me tell you a couple things I look at. 1. Timeframes, look for...

ddefina, Hey there, I am enjoying your journal and I know how difficult it is to post it. I just want to offer some words of encouragement as well as some advice. First, when you have a system it is so easy to second guess it and pass on entries or take entries without proper signals. The...

Looking for a good joke website. Getting bored today. AllenZ

Slippage occurs, but on both sides. My trade exits are generally target based so once that target hits I am gone and the trade is officially closed. Many member wait for thier own reasons for exit and thus may get more or less on a trade than the actual call returned. For the most part, if...

This entry will include the final 5 days results for October. I am not going to give trade breakdowns just the entries and exits with time in and out. I just want to finish what I started as this thread deteriorated to a point that continuation was no longer worth the time or effort that I...

Just wanted to let those that have asked. I am going to finish posting the trading days for October. I will post them all by Friday and give a breakdown of the months results. Everyone can critique away. I also want to apologize for allowing this thread to get out of hand. I could have...

What part of positon sizing model do you question. I say to take no more than 2% risk on average. I said 5k per contract means you can average a stop of 5 points. You disagree with this? My performance this month was not outstanding. I like to average 15-20 points a week and this month I will...

I thought we were friends and you come to bash party. All I said was that dont want to spend the time defending my style as a general theory. I gave all the trades, time entered and exited. I answered all the questions and took any critisism my decision to no longer post to the journal was...

I will post the end results for the journal on Friday. Then you can enjoy them over the weekend Fluid. AllenZ