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Matt, Super trading, and nice strong finish! Patrick

taking off early today, so here is the blotter for EUR and JPY. I did not take all the setups today, as I was busy around the office. pretty flat day (in range) for both of these contracts, which for what i am doing seems to work well. when we get a large range day in the contracts, i only...

SWS, Your point about negative posters at ET has also been my point of view. A long time ago, I decided to see the negative posts just like a losing trade. It happens, yet if you are neutral in your emotions, you simply don't react/ see it/them. Yet, you can sure find good stuff on ET, IF...

the last 1.5 month, i have implemented a very simple strategy for trading the EUR and JPY. i average 3-8 trades a day in the EUR and 1-3 trades in the JPY. i trade equities daily for my living, but since reg sho my income was cut by 2/3rds - hence i started a simple swing trading method, and...

joey, your points are well taken as it is a MUST to be a skeptic in this industry as there are many, who will do anything to make a dime. yet, i think the benefit of this thread is not for traders to post how great they are as traders because they make X amount of money, each and everyday, BUT...

I dont trade LU, but IF it were as easy to buy the bid, and sell the offer all day long and getting these fills all day long ... we all would be doing it. The beauty about mksummny posting his P / L is that he has the way and ability to print money in LU on a daily basis, and IF his results...

I agree Mike. The market is tuff for swings. To much whip! It is times like this I am very protective with my trades. Yet, like you I am BE on the month w/ my breakout/breakdown trades. I have only made 24 swing trades this month as compared to 33 last month, 52 in Feb and 72 in Jan. Turns...

Mike, I found that on my shorts, IF the close is above my stop then I get out on the close. And for my longs, if the close is below my stop loss, I wait till the first hour the following day to exit. This sure has made a difference in the bottom line, especially because of days like today...

Mike, I would have to agree with your approach, as it makes tons of sense to average into your winner, and that you BE most of the time, then hit a home run. From my journal notes on my swings, I have made similar comments. For now, however I have lots of buying power, so I look to have...

Mike, Nice journal start. Thanks. I started a breakout/breakdown swing strategy 4 months ago, and have found it a good start to supplement my daytrading. How many positions on average do you have open? Many thanks for sharing, PatrickQ

Reid thanks for sharing! I was able to walk away with a benefit to a trading stategy of mine with your persectives and strategy. Thanks, PatrickQ

I took ADSK on a snap back and did good. Thanks again Mark, PatrickQ

Opening Orders Reid, Give me a PM, as I have traded Opening Orders for the last 3 years. I trade the Opening Order method with Lescor (Corey) via IM, as we are practically trading partners, and great friends. I should be able to point you in the right direction. Corey and I sat next to...

I nailed this setup today, after watching a nice setup in WYNN pass this morning. Issue way oversold on daily and down 9 bars (3min) with increase volume at the lows. Takes some patience, and learnig to deal with some heat but Mark you have found a nice pattern. Good job, PatrickQ

S, I just see there are means to making more cash by putting your money to work for you with overnights, plus IF I am still at this in 20 years I would like to walk into the office, and walk out of the office 20-60 mintues later. I have simply started to think a little more longer term and...

Reid, Yes, I agree with you about not liking to hold overnight. However, I have been looking for a play to take advantage of the potential in an overnight. I take my stop losses immediately, and I was running very tight stops much like yourself. I have put together a lot of different...

I have also enjoyed your comments as well. At the first of the month, I started filtering for small cap breakouts from congestion, or downtrend lines with monster volume. I would buy in the last 10 minutes of the day, if prices were at the top 25% of days range, going for the overnight...

S, Well, I do not see your pattern for QCOM this AM so I should not have been in. Learning curve seems to cost, but fortunately today only 100 bucks. So do you have up 3-8 charts with issues in the AM that you focus on scanning for pattern setups? PatrickQ

S, I watched ebay and qcom on the open, and came out bascially BE. I watched more for a momentum trade after the initial 3 min bar. I did not monitor the chart for a setup to develope, but your ebay chart is nice to see that you wait to see IF a setup developes. I actually got that ebay...

the news service came to mind because counter trades at extremes can happen on news issues, whereby your risk to return can be good. And unless you are running a filtering program, news would focus the trader to the issue for a setup during the mid-day - hence that is why i was thinking news...