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Wow! That is surely a post, man! :) Thanks for the insight. I am more of a discretionary, price-oriented bastard. I consider buying when the asset feels cheap and consider selling when the asset feels expensive. Sounds easy, and for me it has begun to be. The "feeling" part has it's...

Tales of mice and men .... :D

Millionaires and deadbeats !!??!! I am not a millionaire and i am not a deadbeat, but i am interested in anything that seems interesting. I don't go about calling stuff boring or bullshit .... After listening to it for 3 minutes... It's as if you are afraid of discovering things.... new...

Triple Screen is simple as a method, buy value when trend is up and sell value when trend is down... The technique used by Elder is just the shape the author sees the method in .... You could be using Tom DeMark's studies in a Triple Screen fashion for example.... You could only be using...

Hey Jack, I agree with your 'informed traders' point of view. When I trade, I trade mostly technical, but knowing certain market aspects keeps you out of the trade when the market is not friendly. The method that i employ is discretionary so it's good to discard some signals once in a...

Thanks for the replies (some other working examples are still welcome...). I have to point out an example of my own trading that did not win but was making money, that had a very big psychological flaw... I was using a derivate of the Triple Screen by Dr Elder with which i tried to...

Interesting point Jem, May I ask you what you consider a real edge to be comprised of? I may be wrong, but the way i see it, it's about having a system you understand and makes sense, impecable money management and the psychology to not "sabotage yourself" emotionally (aka not shooting...

Maverick, do you have anything to say regarding the topic :) ? I'd love every opinion out there. I think this is the dilemma a trader faces at big turning points in his career.

Yea Alex, i wasn't very precise. The two issues i am striclty referring to is "WINNING" and "MAKING MONEY" ( aka Growing equity). I want to see what you think of the corellation between these two. And i don't want to hear: "Well, when you are winning you are gowing equity... so win as much...

I just wanted to start this thread with an issue that i hope will start a healthy debate. The reason i started this is that many educators, in my opinion, do not stress the difference between what i consider two completely opposite concepts in trading, unlike other fields of activity...

I forgot. I had a colleague who always bought "so called tops" when his CCI made a new high, BUT He did that in the most illiquid markets out there... The ones that when started, they don't stop that easily... As an example, in currencies, the GBPUSD pair has a very low volume...

It's nice to read Livermore but it won't give you an edge in 2007 :) It's true though what he said and you quoted, BUT... there are certain aspects that make the equation a little more complicated. Some markets are sooo hard to trade on a breakout basis, others are breakout heaven. The...

Here's my 2 cents... I think it's a personality thing and how risk-aversed or risk-taker you are... The strategy or system (2 different things) doesn't really matter as long as you are consistent with it and you understand the idea behind it... and it makes sense to you first and...

I am very happy you took my response the positive way. You are not an idiot. You did the only positive thing you could have done. Interaction. You should consider your real money the "tuition fee" for your becoming a trader. If you can trade small fractions the tuition fee will last...

Just a thought, since this thread is called Journals... First of all, I don't agree with some people bullying other people around. Just because under your nickname there is a 4 digit sum of posts... that does not express the number of your trades. I might have a 2 digit number of posts...

I have a suggestion... Everyone who posts his/her entry should also post his stop and target as well as the time he operates on ... because it is completely irrelevant when you open your positions..... Also if any adding/scaling out of the current trade/trailing stops/hedging on other...

I meant the pit traders' pivot points... you know.. central piv, support 1 and 2, resistance 1 and 2 and the M midpoints..... anybody?

do any of you trade with pivot points? just curious... they work on currency futures, but on the forex, sometimes it gets blurry

it has to be a trend following system, right? :)

well, it's a two sided story. Every session, the london, new york and asian sessions have their moves and one can be a day trader if he/she focuses on the session he is in. It is no point in being a day trader and looking at 4 hour charts... That is the truth, you have to quasi-scalp. But...