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Mike and Woody-- I think trying to do this thru a message board, some context is lost in the translation. Please understand that I value your folks' input greatly. It's just very hard to implement unless you're there over my shoulder actually seeing what I'm trying to do, and me actually...

Thanks Brutus, I'm beginning to feel the same way.

janko-- no problem, jump in at anytime. My thread is your (and everybody elses) thread. I know I didn't manage the trade well. Yesterday, I would have not let that turn into a loss, but today I was trying something new to me. Ditch-- I've spent so much time and effort trying to learn the NQ...

Whew, what a day. I decided to implement the hard target method encouraged by Mike and others. I got completely torched. At one point I lost on 5 trades in row (one was a flip) and was down by 12 points. I was also a 1/2 point away from my daily stop loss. At that point I threw in the towel and...

hardcash-- Sorry, I didn't see your post until after I posted mine. I kinda posted the same thing as I think you hit the nail on the head. But I'm trying! Thanks for putting things in perspective. Goodnight all.

Mike, Woody and others-- While I agree with everything you guys say, and believe me, I appreciate the guidance, I personally find it extremely difficult to replicate to the T what you are recommending me to do. I'm equating it to stopping on a dime. Not an easy task. After all if I could...

Mike-- Once I take a trade, not only do I have a price stop, but also a price action/ time stop. If the trade doesn't start behaving right within a few minutes, it tells me my entry wasn't as good as it should be, and I bail. It's been well documented on my previous posts what happens to me...

Chart:

Kind of wishy washy day for me as I was up a coupla time only to give it all back. Fortunately, I had a nice trade near the end. Mainly it was because I was trying to reach my profit target of 5 points with each trade. As usual, stops played a pivotal role in this quest, but I stuck to my guns...

njones5-- I don't think your expectation is such a bad thing. The more I play this game, the more I feel expectation-anticipation-bias, in the hands of a major player, is one of keys to extreme success. To be able to take on a position with that kind of authority and confidence by using all...

Mike-- I actually use a 3 min. I just used the 5 min. so I could fit it all in one frame for illustration purposes.

EC-- You make it sound so easy <G>. I'll keep that in mind and give it a go next time. THX

Here:

Trending days give me a headache. When there's also a gap, it turns into a migraine. All my plays go out the window and I'm left in kind of a limboland, always looking for a reversal. I don't think I'm mature enough as a trader to play these days to their full potential. One of these days I'll...

illiquid-- I'm looking to buy on the breakout or sell the breakdown of the wedge. Come to think of it, I may be talking about triangle patterns. In any case my definition is that of having one horizontal leg and another leg with either lower highs or lower lows leading into point. No, I...

Redzuk-- I don't know if this will help or not, but it's how I feel. If I blowup my acct., I will be back even if I have to wait tables to build up a grubstake again. If I blowup with that, I will clean toilets if I have to in order to build another grubstake. I think you have just as good...

Some really nice stuff going on in this thread. I'd like to thank all involved. ---------My Trading Plan--------- 1. SETUP: * 3 min. chart time frame * Falling or rising wedge pattern @ S/R level around the 50 SMA 2. ENTRY: * Here's the tricky part because entry on the NQ can be...

Trend Fader-- I will be printing your post also. And Nihaba's, and a whole bunch of others that have been giving me some very good advice. Then I'll try to extract the concurrent themes that seem to circulate amongst all of them. Then I will add a dash of myself into the mix and hopefully I...

Woody-- I appreciate the time you took to help me out. I have printed your post and intend to come up with something more viable over the weekend. EC-- That's just my way of calling a wedge. No I didn't learn it from a room. It's actually one of the first patterns I recognized after...

Mike-- Thanks for the reply, it's exactly the type I'm looking for. Now to business on hand... You are absolutely correct in stating that I have no strategy. I like to think I do, and sometimes I do, but really I don't. Earlier I stated I play breakouts. But that is subjective because it's...