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I meant to mention it earlier but I would recommend any new trader check out the thread "Acceptable risk reward ratio" and particularly candletrader's posts. When I plugged in my trade results from the first few months I realised I had to change something quickly....it was a definite oh my...

Thanks TNG..... Doing this journal has helped me: 1) in the excellent contribution from most posters, 2) the pointers to get me to move up a few timeframes, 3) getting me to really get more specific on my entry and exit rules 4) the overall cathartic experience of describing the head...

TNG, How do I feel about my trading now ? I feel superconfident about the edge and I'm finding it a lot easily on a 5min view (with a 15min view for trend & overbought/oversold etc) picking it out. It's the emotional control that's going to need a lot of work - I was shellshocked after...

BTW there will be no post tomorrow because I have to take some clients out for a meal......but Friday I'm back for the whole day. Cheers

Well yesterday is a distant memory – one nice play….and another nice day for the signals (with the two main reversals S2 and S4) S1(L) – at work S2(S) – at work S3(S) – at work S4 (L) – nice entry 656.6 (19:10) – closed 660.2 – it moved pretty quickly up through three...

Ok here is another – less psychological maybe but pretty close. I love my Ping clubs almost as much as I love Esignal. I started off with a crappy set of beginner golf clubs, as we all do, but when I bought my full set of Ping clubs (on my second set now) it gave me much more confidence...

My new freelance contract means I’m going to miss the morning sessions between Tuesdays and Thursdays (very painful but the money is just too good to turn down). So 2:30 UK time was quite frustrating today wondering how things opened. But I’m in for the long haul so I think this a necessary...

JGF, Cheers. I couldn't use a driver or a 3 wood for the first 8 years of my golfing life - every time I touched them this John Dalyesque swing appeared out of the blue and I hit every other fairway but my one. My Ping 1 Iron kept me going during those dark years :)

Cheers Fred. My edge limits me to the US indices....but I know a couple of fans of Eurofx for sure. Thanks

Blaster, Thanks for the feedback. I don't really know much about US brokers.....but I'm a fan of IB if that helps. Good luck with the live trading.....maybe we can start our own ER2 Traders thread in the future !! Cheers

Well I usually start the week a bit slowly and today was no different……felt positive before the open….but made three basic violations of my trading rules and therefore had $310 worth of lessons (losses and opportunity losses)……...at least I feel I’ve had value for money and I am...

Another example of the similarities – you hit the ball into the woods – now what do you do next ? The percentage play is to hit it out sidewards and take your punishment on the chin – and aim to make bogey, or maybe even par. But I’m guessing 80% of most hackers (including me) will...

Thanks S20....are you a fan of the ER2 too ? I just love the thing....just been looking again at various moves this month on the ER2, ES, YM & NQ. I'm really struggling to understand why there isn't more interest in the ER2 compared to the others. All the moves seem to be more turbo...

Thanks for that CW. I sometimes feel too hard on myself - because of big moves I miss etc. But I think I'm now a bit more realistic on how long it will take to really make it. When I started in May I thought I would be trading 5 contracts by Xmas with an average of 2pts a day. I would...

No seriously ……. a valid question ……am I chopping and changing my methods based on the trading advice given. Here is a quick summary of what advice I have agreed with and how it has changed my trading plan. 1) Steve I agreed with his general assessment of my situation. I also...

Fred, Well what can I say apart from……….. I agree. J

Well 7 hours sleep and following my simple exit signals paid off in Siming terms in the morning session – the afternoon was patchy to say the least. I’m still getting use to the 5min candle printing – need to concentrate on not surfing in gaps etc. I’ve got a better ‘simple exit...

Just to check out whether you golfing traders – trade like you golf and vice versa I’ve just come back from whacking 150 golf balls senseless at my local driving range, and I was thinking how close the ‘mind game’ challenges are in my trading and my golf game. For example, 1. At...

Well a pretty good Sim day - but they should be shouldn’t they really!! I gave most signals a go – and got a few nice results on the new 5Min only chart setup. The speed of the 5min candle printing is a bit tricky for me at the moment after my usual 1-2min charts. However, on the flip...

When people say that you can’t trade when you are tired and grouchy …. listen to them. The last two days I have just started a new freelance IT contract in the mornings and have been trying to survive on 5 hours sleep and Red Bull. This doesn’t mix very well with newbie trading. S1 -...