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As has been said so often.. EVERY aspect of trading that works is well documented.. You can assemble EVERYTHING... system, money management.. etc. THE real challenge is what no one can teach/give you... following a plan, day-in day-out with the markets trying to change your mind all the time by...

I seriously need some input from SUCCESSFUL (or non-losing) traders... How do you stay on the right side of the market mentally? The NDX daily chart attached has a 7 day ma that seems for now to be useful.. I am thinking either a moving average such as this or a high/low relationship such as...

Nearly funny how simple the daily looks.. just a day in a continuation that tested resistance.. The shrubs look sooo different..

To say the character of the markets has changed is an understatement.. To say I haven't changed (as a daytrader) is an even bigger understatement.. This morning I was thinking after yesterday's big day I didn't really "feel" like trading (fear of giving back). Started doing the right thing...

Thanks Pac.... Still trying to find my way... holding for larger gains on key break days, and taking smaller when in range, and most importantly avoiding my MOM in Chop. Morning Prep.. 1790 "looks" such a logical short and we are there... Will wait for PMI and Sentiment reports to pass...

Good day... 1: 7.... moved one stop 2: 7.... panicked (scratched?) out of 2 3: 4.... 5 trades Seeming like rules not based on mathematical analysis not easy to use. :confused: Trendlines on the other hand VERY useful WHEN THEY ARE LONG ENOUGH.. short ones lead to overtrading...

Morning Prep.. Tightening up.. 1808 (under and back to 1790's) to 1822 (over and up to 1838.. TOS missing some hourly tick data..

Pac, Thanks.. Yes NQ trades very nicely.. main reason I jeft ES for it. Busy morning, no trades which is not a bad idea considering Fed day.. Will approach each day intending NOT to trade. Still good consolidation 1790 to 1810 reinforcing both.

I haven't used Bar charts in so many years.. can barely read em anymore... Thanks for the charts... What are the yellow boxed on the Monthly?? Look at this one.. Interesting how rising volatility forcasts market drops quite well..

Good points.. a trade in a wrong location is dead regardless of stop.. With this thinking a my small stops are purely to allow me to survive long enough to get the hang of better trade location... A measured move depends on current volatility?? After the sleep from mid Nov to late Dec hasn't...

ammo and sal, Thanks for the pointers... I do use TL's a lot. Key problem for me is being patient enough to let them develop. Short ones get killed fast. Too much anxiety right after open. The u/d vol probably helps the conviction and will look at those.. Also most market days have 2 or 3...

Noting more chop in the mornings with cleaner movement later in the day, the opposite of what it usually is..

5 more trades ending -1 for day, short from 1813 (stop 1816) to 1807 the most notable. Watching the 3 lows on Dow, SP, NDX (1790 key) closely tomorrow.. Need to find filter to reduce trades. Will sit on hands first 15 mins..

Lack of gain "feels" almost worse than loss. Not seeing the forest for the trees.. Too focused on every tick and missing the read of what is going on. Even with these issues sitting through the big move when it comes, always does, will still make for nice profits. A Short/Long filter will help...

Morning Prep.. After reviewing yesterday it is clear clear no set of rules will save you from bad executions.. There were no system trades early and those doomed the day. Emphasis must be on following system which then makes the rules I am trying to stick to here easier to follow. No Setup...

Scalpers Delight today.. Morning movement as nasty as I have ever seen.. Every TL and price level except 1802 was broken just enough for stop outs.. Too many trades to chart.. Should have, per rules, quit at 3 trades as clearly PA was messy but very hard to quit when behind.. 1: 0 After...

Morning Prep.. 1777 area and 59 area possible supports.. 1812 and 25 area upper resistance..

D, You see what I am attempting to do with my little T/A journal.. We have the EXACT same problems as I am sure are major in that they are the undoing of many traders.... "doing what you plan to do in spite of yourself" a.k.a. discipline.. Seems price movement alone makes it difficult to...

Turned out to be chop early and wasted trades in it. Broke rules again, most seriously moved AND canceled a stop and paid dearly for it. Took a 4th trade that worked out but still a broken rule. 1: 0 2: 10... Trades didn't last long in chop 3: 0...... 4 trades -2.75 for the day...

Morning Prep.. NQ Daily looking like there should be limited downside so flat to up likely but no predicting.. Will take good setups but making sure I don't ignore any long setups in spite of yesterday. Chop possible as yesterday was quite big and today is Friday and no reports due. Will...