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I know!! Stop counter-trend trading. Aiming for big profit with trend trading! Untill we can trade well with trend trading, we can test counter-trend trades and reversal trades. Counter-trend trades are great scalper trades. For new traders, its very difficult to "switch gears"- change the...

Pivot point trade played well today again. Price stays at pivot point level quite some time, Volume is decent after 7:00PST. So today is qualified for a trend/wide range days. There are definitely high probability trading areas where Pivot points, EMA, Double T/B, Pull back, momentum, all meet...

hehe, I like to read and used to read a lot in school. I always missed the old days. I don't read that much now since I spent more time watching TVs, Movies and browsing cool stuffs online. Now all I read are trading books :p

I am aware of the website! I looked up the numbers on it everyday Thanks! I hope I am not disappointing you. I am NOT ready yet... I don't know when. It could be in 2 month or 6 month...

I do use trailing stop, tighten my trailing stop on the next lower low or higher higher when price going further. But the price ususally turns back and run my stops. So I ended up getting nothing or a loss. It probably because I moved stops too quickly or the move isn't that reliable. To...

Fed day today. I trade neither before the announcement nor 30min after the annoucement. I couldn't find any setup after 12:00 and I was exhausted, so I headed to bed. :D

Thanks for nice word! I never consider myself smart. Ha! There are so many talented people out there. To be honest, you are doing way much better than me. I found these days are so challenging to me. I feel like I often look at too many things, then I felt very ansy. I got in either too late...

Great advice. Read that book for fun when I was 6. (in plain chinese). We studied some of his strategies in high school text book too(acient chinese). At that time, I didn't connect any of his stragtegies to anything in life. Now I do think his book is a must read in trading, even in life. One...

Rules to use Pivot Points ,(Quote from “Master the trade”) 1. First pivot play is done in conjunction with gap, if there is one. If there is a gap down, buy a decline into the closet pivot level. If there isn’t a gap, wait until 9:45am Est to initiate the first play 2. If the volume on...

Thank you! Have you been using weekly and monthly pivot point? I have them all in one speadsheet now. I only lay out weekly and monthly PP on my chart. I also layed out midpoint on chart as well. Seems like market really reacts to the Pivot points these days. John Carter has some rules on...

Today I didn’t take advantage of what the market offered to me. The pivot point trade worked very well in today’s market. In early morning session. I was very confused by the trend line on 5 min chart and 2 min chart. I took a few very bad trades. The time frame so far is still the biggest...

Stock moved up almost 150 points overnight due to Yuan appreciation news. This morning SSF 100 stocks premarket volume was quite heavy. So the Gap might not be able to fill quickly at the opening. But the overnight move is still not reliable. I then had a short bias on the market to fade the...

Hi, PatientOperator! Nice meeting you here. It's always my pleasure to know someone read and like my journal. It's been a very challenging path so far. (I haven't even live trade yet). Thanks for the book recommendation. Mark's book is in my Amazon reading list. I am kind of debating on...

Yes! "scholaristically" is the perfect word to discribe the book. It's like I call an apply a "green/red apply. Alan must call it "a greenish/reddish eatable object." I wish it's more plain. I thought that some of the techniques are worth reading and practicing. "Dip Trip" is the one I will...

Only watched the market for the first hour. No trade today. Now back on my desk, Volume was extreme light. Price has been trading in a range most of the day. Luckily, I didn't trade, otherwise I would be chopped into pieces like "shredded pork". Another rule in my trading plan: Stay away...

Another big losing day. I had no clue what this moody market is doing today. Nothing I did was correct today. Not sure how to handle today’s market. By the time I realized this should be the market I am trading. I was already down over $200. I think that’s why we need to set up a daily...

The good behavior only lasted one day. Today I acted as a totally different person. Over traded, left large stops, went over my daily limit loss. A big losing day. Basically wiped out all yesterday’s gains. Today is also the biggest losing day since I started trading. How ironic! I wish I...

:) Still long long way to go. Just realized, untill last week. I have accomplished 1,080hours studying trading. 1/10 of 10,000 hours.

No trade yesterday. I got some errands to run. Today is a very happy day. I am very well-behaved. I have never been that disciplined since I started trading. Stick with my plan. Only focus on loss, wait and wait for the right moment to enter. Only enter one set up. The market has been nice...