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I trade YM. I trade reversals. I use a 1m chart for daytrades. I use a 20tick chart for scalps. This is my first summer trading since I became profitable. It has freaked me out so far. I had no idea it would become this slow. (may be adding to my out of character trades) My...

I have decided to post a journal in this forum for the sole purpose of helping myself with discipline. I have found that I eat away at my profits with trades that do not meet the exact criteria of my trading system. I hope to eliminate these 'out of character trades' by realizing before I...

I was wondering the same thing : it doesn't look like some of your trades were taken with divergence (?) Are your initial rules for trading the same ?

Awesome. Would like to see how you have progressed.

Kick up the journal again Awash !!!

Oh, my bad. In that case: TICK charts seem to be smoother than time charts . They produce less false signals for my style of trading. I'll try to post some charts at a later date.

From all of the posts so far I would have to say that, Guy, you should not use tick charts. You are correct. Your statements highly favor trading using volume information. So stick with vehicles that use volume information. As everyone knows, there are many ways to make $ in the market...

I am a price informatin only trader. Therefore, tick charts are wonderful for me. I pulled up a volume chart to match as closely as possible the tick charts that I use intraday and the signals weren't there. I'll bet that if I used volume information in my trading signals these volume...

Someone mentioned using divergence on a timeframe less than 5m not working. I use it on a 1m and it works for me. Also, I think it was Ditch that said something about divergence trading being a road to the poorhouse. Again, it works for me. Many traders will mention that some kind of...

Someone mentioned 1 click order entry. Can you do this from clicking on the chart screen at a specific price level ? I'm looking for this for my scalping. Also, does backtesting with Tradestation require some kind of proprietary computer language knowledge ? (like Esignal) I use...

Thanks for the replies so far. In Esignal, there is an interface but it does not allow price to be entered from actually clicking on the chart. There still is another entry window. NKHOI, yes with IB I can turn off confirmation and when I click it goes, but I am looking for price to be...

Been searching for charting software that lets you point to the screen and click on price for instant order entry interfaced to a trading platform. Of course, default order specifics can be set for order type, size, etc.

One thing that I have learned is that a lot of the "rules" that you hear for trading are a paradox because there are a lot of good rules but they only work if it is good for YOUR SYSTEM/METHOD. So, I keep my stops small on my scalping system, because that is what works well for this system...

Although Nitro's comment is vague, it is true. By "edge", a few pages could be written on this but, one version of definition could mean, simply, what you have found that works with frequency. If your edge requires that the index that the stock is in is moving in the same direction, then...

Now I think I see the motivation behind the start of this thread. I live in Sunrise FL. Just sold my house myself in 3 weeks. The house that I am building in Palm Beach County, out West, is valued at 23% above the purchase price and we still have until the middle of summer before we even...

From what I have experienced, most Dell laptops come with at least a dual video card, standard. Don't know if this helps or not. My Dell Inspiron 3800 did and I'm considering an 8600 now and they both have a dual video card.

Well, when I started trading, I got to a point that I started to think that nobody could actually make $ consistently at this. If I were to have seen a statement from someone at this early point in this venture it may have inspired me and given me some additional confidence. Thankfully my...

I assume you enter on a 5m timeframe and look to 2 higher timeframes for your guidance ? What are the higher timeframes that you look to ?

First, you need to have enough capital to withstand a drawdown. Each system of course has a relative drawdown size. Second, I too saw a lot of trades pass me by when I had my system/method tweaked and ready to go. This was overcome by confidence in the system. Do whatever you have to do to...

Oh yeah, I only have 1 tick chart open, 1 interval chart and one time/sales window. That's it.