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I don't have a specific strategy for trading breakouts and i am no longer a top or bottom picker. I follow the trend and my aim is to simply catch points of the 1-2 strong trends that present themselves on any given day. I am simply a price action trader. However, what the trend is to some...

I don't agree with this at all especially not for day trading markets like the ES. A 2 point stop unless volatility is extremely high is more than adequate to be placed outside minor noise. My day trading is usually based on smaller time frame (swing trades in separate account with wider...

Yes obviously Fearless but with good entry risk is always very small on each trade. I don't use standard 2-3 point stops as stop is only based on price action. Therefore, sometime stop maybe 0.5 pts or 1.5 pts. Risk never more than 3 points on any trade. Entry to me dictates my risk.

The way to use tight stops IMO is to make sure when you enter you know at what price you original entry is wrong or invalidated. This way you get very nice entries based on your plan and you can use 2-3 pt (ES) tight stops without getting hit by the noise. Whenever i enter a trade i see...

Maybe i am not on your level of trading :p . Like i said post your trade blotter and i will shut up. My intention is not to falsify your trades, i would simply like some validation. A simple screenshot of your trades is all that is required.

What have you got Rennicks magic ball or something. No one knows what the levels are going to be to the exact tick again and again - get real, this is the ES!

Well he posted his entry first time it hit 19.50. Not even the second time it touched that level but the first time. I trade from the 1min chart and always aim for great fills but there is no chance in hell i would have been filled when he did. Just my experience, hope he proves me wrong...

I would like to know when you posted how you got filled on the low at 19.50. I find almost 99% of the time i never get a fill unless traded through. You get some great entries, 1 tick from swing highs and exact lows, would love to see you provide some evidence of these entries.

Trade was looking good midday, but your right, that oil move needs a blow of top. Still think the turning point is close, just want to get a small piece of it. :D

Nice, i had a feeling you would not pass up this zone. Amazing confluence on all timeframes and overlapping 5 waves. Tagged the 126.10 zone that i was waiting for. Got short 126.00 to the tick in my swing position early in the day. Not that wide a stop but willing to re-enter 3 times on this...

Oh right so you don't have hard stops in place. You get some fantastic exits though :D Good trading and good weekend

My charts indicate 23.50 was hit? Did you move your stop?

Ya i was watching that for awhile myself, have not seen something like that for awhile. Would not let it slip below 94.75.

I think your getting confused, maybe this can help you out: rules of 10 - is a simple rule, basically take any swing low/high on intra-day chart and then use 10ES point / 100YM points as a possible target/entry pivot. If you look at a lot of price action, price often turns when it has ran...

Thats hardcore :D

Frustrating day for me also. Nearly given back my morning gains due to hoping for the big move either up or down. Also, left so much $$$$$$$$$ on the table not scaling out hoping for the big move. Think im going to call it a day soon. I need be more patient.

Their are many programming websites out their such as GURU.com or you can simply check if their are some programmers advertising their expertise on the particular charting system or software you use. E.g. I use Esignal and they have a partners page which lists many programming firms which...

Thanks it kind of confirms what i was thinking. Im looking at the long term here and this system will be essential to all my trading needs. Probably not a good idea to be cheap when you know you will have to use this software day in day out for next couple of years. Quality was my major...

I have recently attempted to find a programmer to help me build a custom system with major risk management system as well as many semi-automated and fully automated systems. Even discretionary trades have auto targets as well as stops and eveything must comply with risk rules. All strategies...

Wow you must be the greatest trader ever. Fear and greed thats all it is. Some of the greatest traders throughout history have made the same mistake and blown up. Its very easy to say that you would never violate your rules and if so then i applaud you because you must be a machine. But im...