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I came across it when I was scanning some charts. My reasoning was the gap down and BOP bars pointed to heavy selling, and the price was below the MAs...the day I noticed it, the close was lower than the last several days, which I saw as a consolidation. I'm just wondering why it was a very...

cashmoney69, Trying to understand. Shouldn't one have waited for confirmation after the indecision candle you entered on, and wouldn't you want price over the MAs? Can anyone else give their opinion? thanks

Penny Thanks for taking the time. I plan on using charts almost exclusively, I will review your posts. I don't know if you have discussed you charting setup but I will search for your past posts. have a great weekend everybody

thanks for the charts Penny I want to get to that level eventually!

thanks. On a 15 min chart it looks like I would be shorting for the pullback and I've heard a novice shouldn't really do that, and look at the support (potential) now between 33-34 (daily chart) I'm confused..........thanks again, if you like, you can continue to guide me using this trade as an ex.

Yes I was stopped out yesterday. My strategy must include tight stops (limited capital) I want to get out very quickly if it doesn't work. I'm trying to keep it simple. I guess it was just a bad pick but it was below the MAs and recently gapped dow. At the time it seemed like a good idea...

thanks for spending the time to provide what I feel is very constructive criticism. Have a great week everyone!

I'm much more concerned with understanding what's going on than with order entry etc..:confused:

thanks everybody last week closed lower and there was a consolidation on the weekly chart, no? I was thinking that was bearish, speculating that it would keep moving in the direction of the recent gap, after consolidating. I think I'm focusing too much on very recent price action, from...

I would much appreciate if any experienced trader would respond with opinions on my decision to short ASF. -It is a swing trade -made decision last night (daily chart, looked weak, breaking support, below MAs) -got short today but it went against me. There is a tight stop on. As a...

I agree, I was never big on paper trading--I need the real consequesces to learn. I wanted to have a simulator for a while if I was going to trade emini. I see a little value for active trading, but in general I agree.

open ecry is reminding me that mine is expiring, but I haven't had the time to experiment with it enough. Maybe I'll contact cybertrader also to see what they say. I won't have trouble getting accustomed to any one platform, I just need practice actually trading, managing positions etc. Just...

thanks,

thanks for the info....

someone mentioned a broker with a simulator that doesn't expire, for futures, does anyone recall?

thank you, I downloaded open ecry demo and I noticed.

agree with ricerocket At this point I'll --keep looking for swing trades to try to improve charting abilities --trade some YM or other mini so I can familiarize myself with a more active style --longer term move into remotely prop trading (maybe office). I have to say that so far...

demoship Yes, that's why I wanted to know how it's going. In my opinion it's very counterproductive when someone is telling you to treat it like a game before you are able to determine what a "compelling" trade looks like

CMcG10, Are you still with this firm? Is there some good mentoring going on? Are they urging you to over trade? thanks,

this was helpful--wanted to say thanks sethaholic--I was thinking the same thing and asked something similar on other threads because I haven't been able to look at futures markets yet Retief--thanks for that information! I think what volente_oo posted is very important. Got me...