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  1. D

    2 Steps Forward 1 Step Back

    I've only been trading this way for about a month. There's nothing magical about this system. In fact, I wouldn't even call it a system . . . I just go with the flow. The only problems that I encounter with my trading are range-bound days, which at the present moment, I don't have a common...
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    2 Steps Forward 1 Step Back

    Today's results: 09:44 Short ES @ 916.50 13:43 Exit ES @ 910.50 * Reason for entry: Trending down. * Reason for exit: 4 point trailing stop. 15:01 Short ES @ 908.50 15:57 Exit ES @ 906.50 * Reason for entry: Downtrend continuation. * Reason for exit: Support area. Total: 8 points
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    2 Steps Forward 1 Step Back

    Today's results: 10:06 Short ES @ 912.50 10:30 Exit ES @ 914.50 * Reason for entry: Trending down. * Reason for exit: 4 point trailing stop. 14:36 Long ES @ 920.50 15:30 Exit ES @ 920.50 * Reason for entry: Breakout. * Reason for exit: 4 point trailing stop. Total: -2 points...
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    2 Steps Forward 1 Step Back

    Honestly, holding a trade for this long drives me insanely crazy. You don't know how much temptation is out there. But the bottomline is: I have to be as disciplined as possible to survive this game. I know I'll sacrifice a lot of points by using a trailing stop. But . . . at the same time...
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    2 Steps Forward 1 Step Back

    Good question. Since I can't forecast the future, range-bound days are usually the days that I lose quite a bit of money. I'm a relatively new trader, so I'm still trying to figure out how I can deal with that type of environment. I'm hoping that someone here with experience can shed...
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    2 Steps Forward 1 Step Back

    I also rely on my intuition.
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    2 Steps Forward 1 Step Back

    DblArrow, I don't use any indicators at all. I do, however, filter the noise out in my mind.
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    2 Steps Forward 1 Step Back

    Today's results: 09:35 - Short ES @ 926.50 12:42 - Exit ES @ 922.50 * Reason for entry: Trending down. * Reason for exit: 4 point trailing stop. Total: 4 points
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    2 Steps Forward 1 Step Back

    Today's results: 09:33 - Long ES @ 950.50 10:02 - Exit ES @ 950.50 * Reason for entry: Looked strong. Runaway gap? * Reason for exit: 4 point trailing stop. 10:02 - Short ES @ 950.50 11:37 - Exit ES @ 938.50 * Reason for entry: Reversal entry. Gap fill? * Reason for exit: 4...
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    2 Steps Forward 1 Step Back

    Today's results: 09:45 - Long ES @ 923.50 15:20 - Exit ES @ 937.50 * Reason for entry: didn't look like gap was going to fill * Reason for exit: didn't want to take an open position home Total: 14 points
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    2 Steps Forward 1 Step Back

    At about 11:15 AM or so.
  12. D

    2 Steps Forward 1 Step Back

    Today's results: 10:03 Short ES @ 924.50 12:02 Exit ES @ 922.50 * Reason for entry: didn't look like gap was going to fill * Reason for exit: 4 point trailing stop 14:00 Short ES @ 918.50 15:37 Exit ES @ 914.50 * Reason for entry: steadily heading lower * Reason for exit...
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    2 Steps Forward 1 Step Back

    Traded very level-headed today. Almost mechanical. This is what I strive for every single trading day. 09:50 Long ES @ 932.50 10:30 Exit ES @ 936.50 * Reason for entry: bouncing of support . . . showing strength * Reason for exit: hitting resistance 11:00 Short ES @ 932.50 13:47...
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    3 to 1 Ratio

    It's really the risk to reward ratio that I'm mainly interested in. I just thought that the method mentioned above might be a slight improvement to a random entry. I don't know for sure though. Can someone with the resources test out the random entries as well?
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    2 Steps Forward 1 Step Back

    No trading today, range was too small.
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    3 to 1 Ratio

    Can someone test this out for me on ES or NQ? If yesterday's close is greater than yesterday's open then go long on today's opening. If yesterday's close is less than yesterday's open then go short on today's opening. (9:00 AM - 4:00 PM EST) Set stop at 3 points. Set target at...
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    2 Steps Forward 1 Step Back

    Don't get me wrong - I don't average this many points usually! Wait till you see me trade those horrible choppy days. 09:32 - Long ES @ 920.50 14:18 - Exit Long @ 930.50 * Reason for entry: Continued strength * Reason for exit: 4 point trailing stop Total: 10 Points
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    2 Steps Forward 1 Step Back

    Not a bad day for me to start this thread. Can't promise I'll post everyday but I'll try. I'm a simple man with very few words, so don't expect too much from me. 10:00 - Long ES @ 898.50 15:28 - Exit Long @ 909.50 * Coming off a strong support Total: 11 Points
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    tampa's "short skirt" trades...

    Tampa, Excellent day for trading pullbacks if you're sticking to your plan today. Take a look at the chart that I've attached. DraXon
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    automatic trading?

    This might help you in automating your trades: http://www.macros.com DraXon
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