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The 50 sma is my favorite indicator. If "flat" then ranging. ADX is awesome too for range detection, but I don't use it.

About -$180 today. The oil deal announcement did me in. I was on the wrong side on the way up, and then finally I got long only to be told, "Sorry Bud, you missed out. Tell you what I am going to do--I am going to graciously allow you to contribute to my retirement account. Thanks. You are...

These are my mostly long trades just after the open yesterday. I try not to trade during the first 5 min while the market establishes a direction, but yesterday the initial direction seemed pretty clear. Of course the bears took over a little later, and wouldn't let go for the rest of the day...

I like the optimistic operative word here -- "when . . ." ;) I will do my best to get there.

The major moves are back! I got some shorts and then some longs. Fortunately I did not stay long as this market tanked again from 2508 down to 2453. Wow. Today is one of my best days so far at around $200.

Today had the smallest range (it appears) in about 4 weeks. I welcome it. AMP reduced their commission a bit too. I only ended up with about $60 today on the smaller range with the MES, but that is okay. It may be time to try to trade with 2 contracts again with lower volatility. Even if...

I did a lot of BULL fighting today but came out victorious. I came out ahead at $73 net with mostly short trades. But had I cheered on the bull instead of the "short" speared matador, I would have probably had $250. Funny, but I started out the day thinking "They are going to take this sucker...

Thanks. I will review.

I use a line graph when I want to see MORE of the chart. With bar graphs, I can't see as much info at one time. And the line graph allows me to plot another line graph simultaneously (this is the cumulative delta). FX seems to get into much bigger trends, but yes, mean reversion was my...

"My Edge" by sstheo In 13+ years trading, I have learned a few things. (1) Since the failure rate is 90%+ in trading, I assume that most traders are wrong and it has served me well. What do the 10% do? I am not exactly sure. But what I do works for me. I do lots of scalps in (a)...

I have been extremely happy with the NQ and YM for many years. (Now micros: MNQ and MYM.) I liked trading the NQ and YM because I could trade the stronger one long and the weaker one short. And even though the full dollar move for the day was similar, I liked them because they had finer...

Thanks, and thanks for your concern. Your post is actually timely, as it is decision time on my stops now that I am trading the MES instead of MNQ and MYM. True, I have a low number of losing days, and true I want to end green as a primary goal. But because of my high 80% win rate, I don't...

Thanks. And I guess this is the main benefit of the journal-- It keeps this 2% goal in front of my face.

Here is the new total after a $120 day. I am now trading the MES exclusively, and the dollars per tick is $1.25, which is much higher than the $.50 I am used to on the MNQ and MYM. Since most people trade the ES and MES, now I can finally speak the same tick language. LOL. Today I made...

Today, I finished up about $100 and am just shy of $6,000. I started on Jan 17 with $2,000. I am now 2 months and 10 calendar days into this experiment. Monday will be the 50th trading day. Yes, I have a LONG way to go to get to $200,000, but at about 2.3% average per day, I get there on...

Thanks for the post. Your $432 micro trade was awesome. Keep it up. Once I read that the market is in a range 70% of the time, and once I got whacked enough times early on, I gravitated to a scalping strategy with S & R and the NYSE tick as the foundation. I have been all over the map...

I am close to $5,700 now. I started trading MES today and was up over $5,800, but I had some technical issues with stops and targets - and the market was crazy up then down as people waited for the 3rd coronavirus aid package to be passed. I have just $300 to go to reach $6,000. I tried...

After seeing the spread on the MES drop back to normal levels of 1 tick, but the MNQ and MYM still staying around 2 to 4, I have decided to switch up my charts and trade the MES. (Who knows, I may decide to stay with the MES and eventually the ES). Thanks to those of you who suggested this...

That one big trade may have not been an accident. I don't remember each trade. And I was speaking generically. Like I said I have been trying to let the winners go more. ;)

Never thought we'd be discussing my anatomy here, but THANKS! Courage comes from 2 cups experience, 1 cup optimistic expectations, and just a pinch of insanity for flavor. Must mix well and bake for no less than 2 years, but maybe many more than that....