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Thanks for the reply. Would you be able to give me an example of a "why" answer. I can answer the where and the what but why I am a little unsure of. Could the why be something like Resistance is tested (where), price breaks demand line (what), price retraces making a lower high...the why...

So beginning the process the first step is deciding what kind of trader I want to be and my goals. 1. for the time being I want to be a day trader and then eventually add EOD trading in addition to my day trades. 2. Be able to quit my job and and trade for a living. 3. Obtain a sense of...

Have been back in observation mode for a week or two with all the new found info I have absorbed. Even observing how the days go has been much improved. Goal is to have a defined trading plan within one to two weeks time after observing then begin sim trading again. Just an update.

Tiny bit of frustration today. Had an order placed to short at 3605.5 but for whatever reason (don't know why) I canceled it. The second frustration was not giving my fourth trade the third short I took at 3597 more room. Everything else although not spectacular I am ok with. The last short...

Positives for the day is knowing when to stand aside. Losses overall have gotten progressively smaller and since i've started back up in mid December I am still positive overall.

finally got it to work

Also wanted to enter a short at 3604 but was unsure due to the risk we were trading within a range.

Having trouble posting my chart. First trade I went long moving towards the high of the day. The plan was if that long wasn't working out I was to SAR on the break of the demand line. Didn't follow the plan went BE on the long trade, didn't SAR but took the first retracement thereafter...

another interesting day.

First failure to make a higher high being at 1035ish? If so iacknolwedged that but had already made the decision to sit back and watch at that point.

I did take a look at games chart. Thanks for the encouragement.

Another interesting day for me took 3 more losses. I think my problem as of right now is I go against my better judgement and may fear missing getting into the winning trade. Once the first selling wave came in my initial instinct was we would be in a trading range.

I suppose this is where that well developed trading plan comes in. I recognized both 50% levels that you mentioned I just 1. Was "following" the bride thread and 2. At this point just wasn't sure what to do with those levels, more so the 50% level around 91. Thanks for the insights. Today I will...

Thanks for the help. Essentially the first chart you posted for me isn't too far off from what I did. The last long on the chart you posted I had stopped trading so I missed that one. The first long I waited for the break of the swing high before taking the retracement which I suppose was not...

Yes. It's entries and exits.

I had a very similar day as you niko

Started doing replays of the NQ and figured I would start my own journal as to not clutter the straight line series of threads. Right now following what is being spoke of in the bride thread. Today I lost 4 of 4 trades and if I would have kept trading the fifth would have kept me positive...

Can you trade EOD the same way you day trade? Would something like the first retrace after a sl/dl break be viable on a daily chart?