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Today's breakout trade: +9 on first contract +18 on second.

Gotta agree with Laissez on this. Why trade ES on Asian time? Find another futures contract with liquidity in your time zone.

Yup! You know the day you don't put a stop, is the day some stupid news will come out and move the market a zillion points in the opposite direction and you can't click "close trade" fast enough.

Jas, ALWAYS ALWAYS ALWAYS ALWAYS have a stop in place. Don't listen to anything else. Mental stops are b*lls**t.

No, I don't trade US anymore. I took only a few trades on NQ, then traded YM for a long time and this year have switched to FESX which is in my time zone. Took a short a little after the european markets opened. See attached. Please note I am still in the learning process myself and am...

Today's breakout trade. +11 on first contract +22 on second contract

DAX and Stoxx futures start off at 8am GMT. The market opens earlier buts thats when activity takes off.

If you leave in europe like I do at GMT+2 then you can trade the Stoxx 50 contract which is super liquid. The code is FESXZ11 on tradestation. If you are looking at US then skip YM and go straight to ES. At the end of the day, if you succeed you will be trading the ES and not the YM and if...

No more daytrades?

Good luck!

Is this thread dead? Seems posts have just stopped. Well I thought I'd add this thread's strategy to my sim trades. Below is the sim trade I took based on Kon's trades. Went long 2 contracts, took 1 off at 50% and the 2nd was stopped at BE. Initial S/R Range: 44 points Profit: +22

Good luck!

Friday I was absolutely brilliant! Very proud of myself. My trades had good location and good risk management. I was patient and took the trades with the highest probability. Result: +16 points! Last Week: Mon: +10 (good job) Tues: +4 (should have been more careful) Wed: -10...

Jas, You really should not have finished the day in a loss. On the first trade, where were you looking to exit? You should have never got out at a loss. Why didn't you either a) take 1/2 off and put the rest at BE, or b) take your profit!!! You already had twice as much profit as you...

So far only 1 trade today. Nice +5 off the bottom. Great call. Everything was in my favour on that trade. I was looking at a few other oppties today but didn't take them and scratched a trade after it didn't work quick enough. I guess the secret to it all is finding the 3-4 price...

Good luck Bomb!

Got a long in after retail sales were announced which the market took badly and produced a pullback on the FESX. On the 30min chart we had a spring so got in with a 2081 target. Price went there but didn't take me out :( As price did not take me out and the pullback was likely strong I...

Well Tradestation screwed me today. I entered and order and decided to cancel and change the price. The stupid order wouldn't cancel! So I had to call them. It only took them 10 min to cancel !!! Thank God I was right and the market went in the direction I wanted else I could have been in a...

So today I was a trade and forum post-it junkie. I need to cut down on both. But I know I can do it. I just need to club myself with a baseball bat and stop trading after I hit my target. Or at the very least wait for a screaming trade rather than be the junkie I have been today, trying to...

Well managed to screw up. Took a short after a double top, divergence and price closing the low of the trendline almost breaking it. It didn't look particularly bad. What was bad was my positioning. My risk/reward was inadequate. I risk 9 pts to make 4-5. I should have waited for a better...