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Very very interesting PL. What would you suggest as a size for taking the 4-6 pt moves from the ES? Kind regards It appears that you have a two year start on me.

Hi 5P Why dont you throw up a chart to illustrate your technique. It would be most helpful to all. Many thanks

I dont know whether you want to expand the terms of reference for this thread, but in order to appreciate the delta it is important to fully understand what moves price.

That is what I thought someone would say and it is exactly what I do not want to hear.

Here is where I have got to so far. I started with a 100 tic chart. Someone mentioned that a number before a big number is extremely helpful and so I immediately switched to 99 ... I cannot tell you what this has done to my trading. And then someone said that if I do not use a fibonacci...

All is not lost MK ... it just makes the game more interesting Good luck

Here comes another flogging. You can only extract so much out of MD, MP and TA for that matter ... they are all derivatives of price and volume and open interest. Price being the only tradeable. Be careful how you spend your time and make certain that you are watching the price and not...

And this naturally brings me around to the noble game of rugby. Is there any English or French traders amongst us who would care to engage in a conversation concerning the last two test matches. If you are French maybe we could also throw in the Paris test match as a bonus.

I understand what you mean otherwise I would have asked for clarity

Why dont you explain it MS

Cannot fault the logic. The execution ...aaahhhh well that is something else!!!

Very well explained PL. Many thanks for your time and energy.

If you decide to take these comments personally, then so be it, there is nothing personal being offered. For that matter, there is nothing personal about trading and risk which brings us full circle back to this thread "ES Day Traders What is the max heat you will take" Somebody mentioned...

So far, the big difference that I am seeing on this thread lies not so much in the techniques but in the mental approach to trading. Focused repetion is the key to mastery ... be it sport, music, language or trading. The system of over trading firstly on the sim is exactly the same over...

Hi PL. Why dont you expand on these comments so we can all benefit from your knowledge

Agreed V. The trick is to try and allow the wriggle to happen before you enter, if you can. Bloody difficult IMO .. but doeable

How do you know that you have 1.5 or better.

Initially the pain is enormous, unbearable, but gradually it passes. To learn this way, I suggest the sim to begin ( obviously), but you must trade. You must take every open at 09.30, not just some of them. These approach is super training and it is designed to put your mind under the...

This is the result of 10 years work. Everything changed for me a while ago when I decided to aim for a smooth delivery of net points. By smooth I mean daily, not trade by trade. To achieve this I began calculating comms based on 100 lot trading and I began trading several times per day for 90...

They say that every question contains it's own answer and so I am going to let you work this one out. Imagine trading day in and day out for positive net points. Your comms are a fraction of one point and so re entry is no concern. One part of your strategy is to buy the bid or sell the...