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LD Good luck for the future. This is ET's loss - you were one of the more positive, constructuve contributors around.

Well it doesn't really get much better than that ....... the path of least resistance .... gotta love this thing. The NQ really helped to show the weakness in the first swing down. Good w/end. J

NZD, The other thing that helped me was risking only a very small % of my trading capital. My trading plan says the maximum risk per trade is 1% of capital. At the moment I am only risking 0.25% per trade until my rule following consistency improves. Therefore why hesitate when I get...

Hi Dan, Nice to hear from you again. I'm positive on the stuff I've learnt the hard way in the last 4 months. The trend is indeed my friend .... no more hoping this reversal is the intraday top or bottom. The strange thing is that my signals mean I can read the NQ even better than...

True - but its rubbing my nose in it now :D Loads of selling in the last hour. Have a good one..

Lolo, Spot on with the focus.... I caught the 2pm slump - but took profits at 725.6 expecting the bounce (again !!). J

An update on progress to date…… Well after my slightly cocky update at the beginning of January - things have struggled through to end April….but at least this has resulted in me realising I must get on the right side of the market. Bad Stuff since January 1) I really couldn’t...

NZD, I had that a lot at the beginning (18 months ago). The first three days I took less than 10% of my signals. A couple of things that helped me: 1) Agree with JM - Trading in the Zone (M.Douglas) - thinking of blackjack playing probabilities 2) Getting more confidence that my...

Well 725 is holding up so far ...... no idea if it will tomorrow but it was well tested today.

Nice little test of 725.6 today - trying hard to bounce !! BTW Lolo do you use other indices for confirmation... I find the correlation of signals in NQ work particularly well with ER2 :D

A sweet retest of 736.50 level today too.... Lolo - How did your short and long limit orders work today ? As you say 747 is the real test for the next session or two. Nice thread.... Cheers J

Rimshaker, Thanks for starting the thread because some of the advice above has been helpful to me in putting things into perspective. I too want to quit my job (after 20 years consulting) and branch out into trading full-time. Unfortunately I had a big reality check last year where what I...

Normally 3-4 trades in ER2 (even on awesome days like 27th April it was still only 4) I usually miss one so average is 2-3 trades.

Yeah - I have a 60-40% bias in favouring shorts - my reading is that shorts generally go down harder & quicker. Therefore I find them easier to see/hold than longs and so I'm more attracted to that bias. I guess this is down to my relative inexperience. The good news is that it was 80-20...

Osho, When I first started I spent 99% of my time on entries and exits were how long I could hold my nerve !! Now I'm happy with my rules on entry I'm spending 99% on specific exit rules. My humble views to date: 1) Targets - don't work for me based on my trading plan 2) Automated...

ER2 chosen product - the best mover in town If the ER2 ceased trading - would move to ES, YM and if really pushed then NQ. Method applicable to all main US indices only - if they didn't exist I would get very thin very quickly :D

Ok I'll make it worth their while then - my other favourite piece of advice you gave was - if you can't handle your emotions & rules and make money consistently on 1 contract then don't think you can trade more. I read this last summer when I couldn't even make 3 winning days in a row but I...

Yes - Porgie is definitely right - my trading improved last year when I stopped watching QM alongside my other charts......

I tried to resist posting to this thread for the last two days but emotion got the better of me (a bit like my trading). I have been a little shocked recently my two religious revelations close to home: 1) A poll in the Uk that only 48% of the population believe in evolution. The...

sbn, Hesitation was a real killer for me in the first 6 months. Try reading Mark Douglas - Trading in the Zone. It helped me a lot. Cheers