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Boring day. Not much to say as most of the action is taken out in the gaps and reaction to the open. There was a lot of consolidation after the opening range so I waited a long time to place my first trade. Trades Trade 1 - 11:29 Short 917 (925) Exit 913 +4 (911) 104 minutes Trade 2 -...

I am enjoying doing this journal and I hope some of you are enjoying it. Aside from charts, if there is anything I can add please let me know. A journal is a tough thing to do on such a large message board. I am used to trading in public via the chatroom so it does not bother me to have...

Let me start by saying I dont care much for big gaps, unless they are out of a a base or off of a low. there are only really 3 things that can happen off of a gap like today. 1. Gap and reverse. 2. Gap and run. 3. Gap and do nothing. ( By far the most frustrating ) Anyway, I began...

Today I expected to be more choppy than it was due to the bank holiday and wide ranges of the past couple of days. Volume was light and the early range was a little wide for my taste and I think that took a lot of steam out of the market. Regardless, I played the way I felt was best and ended...

I will take this opportunity to point out that the totals given in the prior post including commission should also reflect the following. 1. All trades posted are only posted if fillable by room members and not on a "best price" basis. 2. A trader that takes 2% risk per trade ( ave stop...

If you have read all my posts in this journal then you know there are certain trading conditions I find difficult for the current patterns I am trading. One of them is the day following a WR7 or expansion day. since yesterday can definitely be categorized as an expansion day i came into today...

I dont like to trade the final 30minutes of the day for 2 reasons. 1. I find that TA becomes less reliable in the final 20-30 minutes of the day and moves are far more random. 2. The average holding time for my trades is 20 - 40 minutes so entering a trade at 15:25 or so may not leave...

As I stated in my post of todays trades trend days are really not my favorite. I was curious to know others trend day experiences, as well as todays performance. I tend to categorize a trend day in several ways: 1. Never pivots on the hourly chart. 2. Opens at or near low and closes at or...

I have tried it and I personally find I like to be in full positions all the way to my target or all the way back to flat. Because I can almost guarantee I will always have a full position when I stop out. I just have to live with the fact that about 20% of my trades stop out flat and about 1/2...

Trend days are really not the best for me so I have learned a couple things over time. First, when I tend to overtrade them I usually give back morning gains. Also, I can be too selective and undertrade. My performance tells me that when I undertrade and err on the side of caution I tend to have...

Personally, and this is just my style, I dont like to flip trades that often. I like to wait for setups and take them. If wrong I stop out and move on to the next one. That 60min IRB was a setup and I took the wrong side of it. The worst thing I could do as a trader ( for my style ) is take...

Today was an inside range day for the NQ's and what I have found over time is that those tend to be some of the toughest days to trade as they are by definition choppy and relatively narrow. Add to that the divergence between todays relatively strong NQ as opposed to the weak ES and it gives a...

I do not post net because for two reasons. 1. commish is part of the game and is different with different brokers, all i am doing is exhibiting a style of trading. 2. I expect most people understand that commission is to be deducted to get an exact amount of per contract profit. Anyway...

When I say NET, I am referring to ( gains - losses = net ). Not taking commission into account. Gross would be if I only counted total gains with no losses subtracted. If that is wrong please correct me. AllenZ

Not sure what you mean. Are you referring to commision cost or what. Please clarify what you asking. AllenZ

Today was a wild ride! First I want to thank those who came to the chatroom for todays open house. Today we had what I consider the most difficult kind of day. It was day besieged by news as Bush was on and off TV all day over the Dock Workers. I did not make my first trade until noon and...

Geeze, what happened to ET. in the past a statement like this would have brought all the " chatroom bashers " out of the woodwork to publicly demean chatrooms ops that use this site to hype their rooms. Guess everyone is caught up in the wonderful bear market we currently have to work with...

Well today Mr. Market caught me leaning. I like to pride myself on not having a directional bias intraday but today after we reversed the lows I found myself only looking for longs. Bad idea. After making highs over lunch while I was away from my desk I missed my short setup from the 30min...

Hey buddy hows it going. This market seems to get crazier by the day. hope all is well. For an interesting side note, Brandon is one of the people that got me into trading futures in the first place. Thanks B! Not sure what I would be trading now since my old trading basket is almost...

For one, I generally play lightly in oversold markets because it seems that patterns are harder to follow. Longs and shorts struggle as reversals seem immanent but never timely. My approach for most Fridays is the same as the rest of the week but in certain situations I look to step lightly...