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Maybe I shouldn't fight it. I could try and use the trend system on the NQ and then scalp the ES? Something to think about. Though maybe it is something I shouldn't deal with until the ES scalp thing comes along a bit.

Oh yeah. If I was following my trend system today, I'd be up 6 points right now. As always, I am fighting the battle in my heart between scalping and this trend system.

Not really the end of the day, but I am closing up the trading shop. I have developed a scalping entry/exit system for good or bad. Tested it a few times this afternoon (along with my "non-system" trades) and will use it exclusively tomorrow. Final results: 5 RT / 1 contract / +1.5 points

Looking good Aphie (well, you know what I mean). Welcome to the real world. :) You have to spend money to make money. Right? Er... Hmmm....

As stated, I have kept trades to a minimum this morning so I could spend some time just watching the action. And, when I did trade, I used hard stops. Made two trades for -0.75 and + 1.25. In the meantime I have been looking for potential setups and may have one which is definable (not just...

Quick plan for the day. I will keep any trading in the morning to a minimum (if at all) so that I can watch the action and try and come up with a consistent and repeatable entry. The exact win/loss and win$/loss$ of the entry is not as important right now as the consistency at this point. If...

This is something I will watch for and evaluate going forward. Certainly most my loses from Tuesday did at least work their way back towards breakeven for at least a short period of time before heading south even further. Thanks for the advice.

Any chance you can send some of that stuff my way? Assuming it is real pixie dust and not that immatation stuff.

I personally wouldn't trade it if I could find something better. Famous last words, eh? :) Though with only one day of sample data, maybe that is what I am trading. From my view, it was consider range bound until a [B]truly significant break higher or lower, which never happened. The...

Best of luck.

I certainly didn't prove that wrong today. :) Thanks for the advice.

At one time I did have a lot of charts like that, but for pure scalping I would think it would be way to distracting. I would love to trade a pure tick chart and nothing else. That is my ideal. Will it happen? We shall see.

Hmmm.... My 5 minute bar chart has a grey background with red and green candles. The tick line chart has a red and green backround, where it is green above a 2000 tick moving average and red below the 2000 tick moving average. Maybe that's my problem? :) I would respectfully...

Agreed. Very backwards. I had 1:3 instead of 3:1. That is a big problem with my initial plan to pick up two ticks at a time. That obviously was a bad idea, because it is nearly impossible to give an wiggle room to the trade and accomplish even a 1:1 ratio. Though, I had honestly hoped to...

Just to respond to the overtrading remarks on their own. I realize I made more trades today than is "wise". However, I was aware of it the entire time and chose to continue not with a mindset of revenge. I was actually rather relaxed as I went, all things considered. I was trading to learn...

Part of the current problem is that I can't tell you exactly what my method is. Today, since it didn't look like a good day for trend systems, I was playing from the pure scalp. Watching a line-tick chart. On top of that I have 4000 tick standard deviation markers. Next to it I have a home...

Thanks. I'll take a look. I tried playing with IB's sim, but since it's delayed it can't be used with third party data feeds.

I tend to agree. Since I always took two ticks if my trade went that far, I am looking at roughly a 3:1 profit ratio if reversed (and even losing ticks to market orders) with roughly 50% win/loss ratio. I should be able to make money. I need to quantify what I am doing. From there, I can try...

Fool that I am, I made some more trades this afternoon. The sad results... -1.50, +0.50, -2.50, -1.25. Now what does this say? Since I'm obviously willing to take small 2 tick profits, it shows that all in all today, roughly 50% of my trades went against me by an average of 7 ticks before...

The goal of this journal is for me to try and solve my trading issues. I'm not sure how long I will post or how much I will post, but at least for now I plan to be pretty open. To start with, for some silly reason I decided to trade today. Despite the major lack of movement. I have two...