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For both siming and live I used Briefing.com and Econoday as my references on the news events. When I have the times of the news events for the day I just put a blue line on my chart for the time the news is announced. I don't look at the details of the news announcements, although I may...

TNG, "Another quick point... and this is possibly just me, but the psychology of using language like "wimps out" might be important too. If you start refering to it as making the wrong decision, rather than wimping out, or even making a rash, or uninformed decision, you might find a mental...

TNG, Thanks for the feedback First point – totally agree – working on this all the time, but I am currently the weakest link in the system and painfully aware of that fact Second point – agree - I have the P/L off in Ninja but I can still see the +/- ticks – but not having $$...

I missed the first 30 mins due to business commitments….and then had one signal with trend ..... and quite a drop S1 (S) – entered at 16:42 (673.8) – exited for 671.9 on a signal and initial profit target 672. I had no intention of holding through the news because that is a total...

A few new additions to the setup & rules……I added a 5 min chart for the trend and primary signals and then use the 2min charts to time the entry…..take all signals in direction of the trend and any primary reversal signals. S1 (L) – failed to take – CT play so declined S2 (S) –...

Macro, "The main point is that it helps to have a higher timeframe chart to see what the overall trend is at the time you are entering trades." Agree - I'm realising this slowly. I must have a higher TF to really gain from my main signals. Been doing some research this weekend on just...

Post originally from Rogue Trader - but up on my noticeboard - because it is the holy grail IMHO.... Anyone who contemplates trading should ask themselves one simple question....."Why Do I Want To Trade?" There are many wrong answers to this question, and only one right one....."I Want To...

Macaw, Totally agree. I have no problem taking a small loss if the signal is good, I make a good entry but the market thinks otherwise. As you say the killer for me is that fear of letting any profit slip away. My personal take on the reasons are mainly that trading is so important...

Mogul, Yes I need to relook at trailling stops given any move to a higher TF 3-5 min etc. I did look at it back in May and couldn't see how to use it effectively for my signals & exits.... BUT that was based on taking 20 trades a day off 1-2 min charts and getting into a hell of a lot of...

Macaw, Many thanks for that. Your comment in the referenced post : " The first week or so was so excruciatingly painful that I felt I needed to handcuff myself to something out of reach of the computer. I had to sit and watch profits disappearing (before I would have exited like a...

Hi Coolweb, I do use NinjaT and have a predefined 0.6 pt stop for all exits. My big problem is that I don't let my winners run much beyond 0.5-1pts, which means my risk reward stinks. My trade yesterday was a good example. To make it in this game I need to be making real points out of...

Well a funny old day …the good news was that I caught the bottom nicely…the bad news was that was it….found it very hard to read in the morning session (probably the quadruple witching) S1 (S) – failed to take S2 (L) – failed to take S3 (S) – failed to take S4 (L) – failed...

More opportunities and a few more lessons…. Lesson 1 today – don’t f**k about with your stops….. Lesson 2, that I need to use 1min charts alongside my main 2min chart views to highlight certain signals more clearly and get the timing of entry tighter. Lesson 3, take the signals...

Well I had a lesson in trend today and I well and truly flunked it – a serious down day and I managed to take 4 Longs !! This is even though Short signals S4 & S7 said this was quite a sick market. S1 (L) – Entry 15:11 (676.3) – went 0.7 into profit – then spiked down next bar and...

Poor concentration and general indecision in morning session – got two nice trades nailed which turned the day around (but had plenty of misses too)……not complaining though best live day S1 (L) – Entry 14:46 (678.9) – exited at 14:51 (679.1) on resistance at 679.30 S2 (S) –...

Indeed

Had my chances again – a very nice day on the ER2 - a better day for exits because they were all automatic !! I managed to not watch QM/YM/NQ all day and it definitely improved my exits compared to last week’s performance – my reduced stop kicked me in the nuts today to compensate……...

Version, I know what you’re saying……..but for me currently slippage is less of a danger to profits than me!! IB slippage through my standard 0.6pt stop is only an extra 0.1pt very occasionally, with a fast move. The worst I’ve had is 0.9pts one time when there was Fed News. Maybe...

Dman, Thanks for that. I’m sure you are right….….I’ve noticed the difference in the last four months since I’ve been live. In the first week of being live – I took 3 signals out of 40+ and when I was in the very brief trades I could hardly hold the mouse due to sweaty...

Fred, Thanks for that. I agree, especially that the end of the trade exercise must be when there is a really ingrained belief in probabilities. The blackjack/casino analogy is the key element for me. The trouble is I’m not letting my edge play out. At the moment it’s like I keep...