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short 4500 -stop at 4506

L 4502 - stop at 98 edit: that was quick. -4

closed it here for +10 which merely puts me back to breakeven on the day after 13 trades! :)

Long here off bottom of channel worth a long?

Baarle-Nassau

I won a copy of this book. Haven't gotten around to reading it yet, though

your point being? I' guessing it's that he (and most people) over-traded??

Big time! You should see my facebook feed on a Monday morning! Depressing reading. Wishing the whole week away so that they can enjoy being alive for a few hours at the weekend! I don't worry about wasting time. Everyone wastes time. It's a nice idea, but people can't live each day like it's...

Can you elaborate on the emboldened.

First test was on the NQ used a range break method. 91 trades over the course of about 16 sessions. 53% profitable trades Average winner 4.5 Average loser -3.75 Not particularly encouraging numbers? Also sample too small? Currently testing other Price action ideas like 'support becoming...

could you do a tally up of the points made/lost each day? Are you trading live or demo? Are you consistently profitable with your approach? Regards Good luck ps - Here's my attempt today. First day looking at it. Yesterday would have been a horrid day to trade!

Yes. Both stops were hit.

Here's my orders. Previous support should become resistance>?....

Maybe this is why every trade I place seems to go the wrong way! They're scamming me. I want my money back...

shorting the top of that range turned out to be the best trade. How about another. Is this short going to go under 11800 before hitting my stop at 11845?

Is this a long or a short here? If neither, where should the orders be placed?

Well i've done lots of observing. Recently been testing the various observations and price action (support becoming resistance, trendline breaks, doubletops/bottoms etc). They don't appear to provide any sort of edge, but it's hard to be sure as, I have to do it all manually by going through old...

But you write as if flipping a coin for trade direction, having a small stop and a bigger target target is a recipe for success. I'm sure you need some sort of method that has a positive expectation

Maybe a breakout method will work better in certain markets. I've noticed that CL seems to make explosive moves that might better suit a breakout method. I've been demo trading general price action methods that i've read about for a few weeks now. With the German dax, i've been losing a steady...

NQ market fell into a range about 10 minutes after the open for about 20 minutes. Then it broke. I'm looking at whether there is a good way to trade such ranges. Doing some backtesting now....