Search results

additional observations -- data for the last 22 trading days using either a long or a short setup from the same signal: stop in all cases set for 30 YM points (150 bucks) Long Positions: # of trades Profit @ Exit Max Profit Winners 15 $3,257 $9,870 Losers 6 ($900)...

is this your best $ month since 2005?

One other note on '2 stops and out' per day I have been using real $ to test Carters use of pivots in 'Mastering the Trade' -- and that is part of Carters rule set. My experiment was to adhere as closely to his rule set as possible - hence the '2 stops per day' rule for Pivots Seems to...

Yes - I should have qualified that. 2 real $ losses and paper trade the rest of the day I am logging paper trades here and real $trades in the 'trader P/L' thread I have read Carters Mastering the Trade -- -- see comments in the next post down thanks for the feedback

Thanks for the comments - I actually paid 38 bucks for it in Borders. It was an interesting read --- but the actual 'method' he describes in detail did not work for me on a daily basis It did help me understand something though...... That any particular setup may work for a while -- but...

Paper Trades: Yesterday +/- 0 on 3 trades Today +$75 on 1 trade

Agreed. I took a look. The website virtually shouts at you to join. And it looks like you have to give a credit card to do the 30 day free trial so - not for me although the thread is interesting

0 real $ trades paper trades in journal

-$105 on 2 trades OK on the money management side Not real happy with my interpretation of the price action

Having had some beginners luck in January -- and then gotten thumped in February -- I know this is harder than it seems. One point of clarification in your post would help--- can you consider the daily action a 'big enough' picture to decide the trend? ie the 3 month daily chart looks down...

Agreed 100% --- I have learned it helps to have some view into breaking news - mainly to stay out of the way ---- TeamSpeak is free and seems to be pretty current

There are several threads on platforms IB seems to get alot of complaints about lockups during the trading day, being down etc I opened a TOS account because the real time charting and the execution platform are both free if you keep an account there You also dont need much capital...

Great book Helped me alot I dont think his pivot strategy is as high-probability as he claims also its a bit dated -- dates from 2005

Think or Swimm - will cover all of the above except the commissions Future contract is 3.50 per transaction (7 bucks round trip)

-$110 on 2 trades today Sticking to the rule: Get stopped out twice in a row - done for the day maybe a bit too conservative but its a starting point for refinement Very simple method --- maybe wont' pan out but still exploring it Go short or long at a pivot with a 15 point stop...

-$110 on 2 trades Wisely avoided the economic reports at 10am if nothing else I am learning how to preserve my capital and keep my sunny disposition :-)

-$150 2 trades both stopped out before noon done for the day paper traded the rest of the day

I think the books are useful - Ive learned alot from them in the past few months --- but you still have to apply it to your own real money in real life -- the book can't tell you how to do that

Question on the CBOT settlement values @ http://www.cbot.com/cbot/pub/page/0,3181,862,00.html Pretty clear that the settlement price is taken at 7:15 CST (or thereabouts?) What time is the open price taken at - I dont see that on the web site is it 9:30AM EST (ie start of the...