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Not a good day at all for me. I was especially surprised by the fbo that followed the moment the graph I attached. At the current bar (now) everything looked like price would go up. We had a valid breakout and volume was getting lower and lower at two consecutive bars. MA was turning around...

Not fun. This never happened to me cause I kept on refunding lol. Anyway, what else should be the consideration then? regards, Ivo

Hello, I have somewhat mixed feelings about using a simulator. After a while I couldn't do it anymore. My motivation was dropping and my concentration. I was not focussed, I was bored, doing other things, taking too big risks etc. A nice trade did not give me satisfaction and a bad trade I...

I hope that will still be a significant amount in euros by that time :-) At least we don't have capital gain tax here so that will compensate lol. regards, Ivo

I agree with you 100%. Every day I am surprised how this (simple) simple moving average shows the big picture. Then we have all the other tools for finetuning and timing. regards, Ivo

Hi, 9:46 - 9:48 on YM showed increasing red + 9:45 bar on ES was also a fbo on CO channel. Personally I didn't trade it, I waited for pt3 down at 10:00 regards, Ivo

Chart for the morning. +2.5 points trading very conservative. (late entry, early exit). regards, Ivo

Hi, First of all, it doesn't have to be a problem. If RTL is broken just exit. A point 2 is formed and you wait patiently. Price goes up and you wait for your point 3. What happens? The point 3 doesn't come. No money lost. When you gain experience there will be a certain point when...

It's good to learn but my advise is not to force yourself to learn to trade as soon as possible in these areas. Focus on what you do well and keep on doing it. If you can make 5 points or so a day (and considering your posts I wonder why not) you'll be rich very quickly. In the meantime you...

HI, I know. It's just ridiculous. We just have to let it go especially when price is breaking new grounds on +PRV. regards, Ivo

One trade, + 2.25 entered at first point 3 at 1446. Is there a drill for pushing the hold button :-) In the afternoon I had data issues so stayed out. regards, Ivo

That means time to sideline. The not very experienced trader can lose lots of points there (to the experienced trader) regards, Ivo

Chart for the morning. nice trend. At the moment things are kind of slow. We're staying in the 10:40 bar. Ivo

In my opinion the afternoon was hard. There are different kind of days. Yesterday tapes were broken and no point 3's came. Price went straight thru RTL's even though there was no FTT. sudden FBO's etc. Then there's volume and there's range. We need volume for range/volatility but...

Okay and right after the stop was hit you put another one right? Ivo

Okay. Yes it does sound crazy because you need a perfect entry else your stops get hit a couple of times. However, I think you will never have a big loss like this which is the goal I suppose apart from being on the right side. regards, Ivo

Hi, I don't get it. Twice what size? regards, Ivo

I did even worse than that. I bought the BO at the top minus one tick. Then ignored the FTT at the next bar and then reversed at the close of the red bar...... That must have been the whipsaw of the day lol. I quickly reversed after that when I noticed I was wrong and made up for all +...

Hi, Ok. interesting. Not from a technical viewpoint (it's not a market issue) but from an emotional point of view. For example two times -1.5 in a row is not so funny after you've just made +4. It's interesting to analyse. For example I notice my biggest gains come after the biggest...

Consider using YM. It will often show an FTT or RTL bounce in the channel that forms the move from point 1 to 2 in the big picture. Often it is even preceeded by a VE or flaw before "change". On ES it can be only one or two bars but YM gives more information for good timing. If you miss the...