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    Matcha's Dow E-mini Journal

    Matcha, Awesome day! I've been taking a break and doing some back testing and staring at charts for the past week to get my set-ups back to where they need to be. I thought about going back in today, but once I saw the morning choppiness I decided to give it another day and do some studying...
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    Working on Consistent Profitability

    not to be a pain in the ass or anything, but if you choose to do that, can you scale down the image before you load it so there isnt as much side scrolling? If you aren't that computer literate, no worries :) And thanks for the chart! Makes sense!
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    Working on Consistent Profitability

    There's a link somewhere in my journal from someone else who posted but here's what I do: 1.) add attachment 2.) hit submit (don't hit preview, it wont save) 3.) the next page loads and you should see your post in the thread and hit "Edit/Delete" on lower right hand side 4.) scroll down...
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    Working on Consistent Profitability

    That makes sense...back to the hypothetical and adjusting the trade... Now, lets say that support around 1169ish held and a bounce up off that level started, would you look to exit right away since its now turned into a HH off the recent low and thus adjust the trade? Im trying to be...
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    Working on Consistent Profitability

    Ya that makes sense. I guess what makes this trade tough to analyze is change in the trade as it goes on. It didn't make a nice orderly 3 wave move down to the target instead it bounced around a bit, came back for a retest of the resistance area, etc. So really, in my mind, the measured move...
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    Working on Consistent Profitability

    Hey Guys, so one thing that Im having a tough time dealing with when going back and looking at various stuff is the continuation/extension of a winning trade. Below is an example of a day earlier in the year of what I mean. Pretty good set-up and would hit the target but then continues...
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    Working on Consistent Profitability

    Hey Guys, Ya my plan is to use ninjatrader for sim. ToS definitely sux big time in terms of being realistic. I think Im already getting places on backtesting and reevaluation of set-ups so that is good. I think I will be out of the markets for at least another couple of days while I sort...
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    Working on Consistent Profitability

    Sorry no update yesterday, I was only around for the first and last hour or so of the trading day, got 1 trade in for a gain of 1.5pts. Nothing very exciting. But I've decided to take a bit of time off from trading for real to do some backtesting, practicing, refocusing, sim, all of it...
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    Working on Consistent Profitability

    Ya I need to go back and do some more reviewing and backtesting. To be perfectly honest, I haven't been that strict with my set-ups and haven't backtested near enough. This is probably where a lot of my problem is coming from. So I will probably start looking into that today and start working...
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    Working on Consistent Profitability

    Focus and bigsnack, You guys are definitely right...I am going away from my plans and thinking about too much stuff and trying to get "everything right" So here is my plan, Im only going to stick to these set-ups... 1.) Breakout/down plays with the trend 2.) playing off...
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    Working on Consistent Profitability

    Focus, (I like your handle btw :) ) I really like your idea of "mentally trading" I may switch over to that instead of the sim in the next couple of days if Im not working stuff out properly. Backtesting, yes I have done some backtesting, not a whole lot..but for me recognizing the...
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    Working on Consistent Profitability

    Ya good call on "one of those days" Makes me feel better that Im not the only one that struggled. On a side note, I've always wondered how that works...if everyone is struggling, who is making money? maybe its just a constant give and take from each other. Anyway, as far as trading times...
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    Working on Consistent Profitability

    Thanks I think that is good advice. Right now, I feel the need to practice practice practice. I didn't even really think of "not trading" being apart of trading until recently when i started taking breaks to keep my focus/mental health. But, I guess taking breaks and walking away for the day...
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    Working on Consistent Profitability

    Uggg, what a crappy finish to the day...here are my last 2 trades.. Trade 4: 10:57- Long 1142.25 Target 1145.75 Stop 1040.75 11:04- Move stop to B/E 11:26- Stopped out sell to close at B/E 1142..25 +0.00 pts Man, what's a homie gotta do to make a good trade. I feel like Im so...
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    Working on Consistent Profitability

    Ya that does make sense...the whole how we got there was my question this morning with that run up off the low...I did have in the back of my head that the bulls seem to be incharge b/c every resistance level seems to hold and/or bounce back...but then I was countering in my head with, well...
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    Working on Consistent Profitability

    haha so far not good... :) Here are my trades so far. Trade 1: 7:21- short 1137.00 Stop 1139.25 Target 1133.50 7:27- move stop to 1138.25 7:30- stopped out at 1138.25 -1.00 pts I realized kinda half way into this trade was somewhat similar to yesterday just on the short...
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    Working on Consistent Profitability

    Nod, like usual, you give great advice and great lessons. On trade 3, I realized why I was mad at myself for the trade, I got in on a downbar. The entry was late and I didn't take it right on the breakout, so price came back on my order and that how I got filled. So I was mad at myself for...
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    Working on Consistent Profitability

    On trade 4, does it matter that it had tested that area a bunch of times before, ya the market was in an uptrend, but it also had turned fairly choppy at that point...does that make a difference? Trade 5, i was playing the breakdown below the support level, so I wasn't looking to go short at...
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    Working on Consistent Profitability

    Rough day today...just a lot of mistakes...nothing huge, but a lot of small stuff is what got me. Gonna go thru trade by trade in detail here to check on some mistakes. Definitely a learning day. Trade 1: 6:36- Short 1136.00 Stop 1138.50 Target 1133.00 6:40- Move stop to B/E 6:43- Buy...
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    Working on Consistent Profitability

    I remember reading your post in Matcha's journal about that...total bummer. I understand that mistakes and correcting them are on going processes. I also understand that it is different for everyone in terms of time in minimizing those mistakes, some people may be 1-2 months others maybe 1-2...
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