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Maybe so. But if it is, many (if not all) serious traders have this insight. What makes one successful in this trade and not another? Will every one with this "edge" make money? And, if it can make money for everyone, why is this an "edge"?? Just some things to think about.... on the road to...

I believe this kind of thinking is what they call "grass is greener on the other side". I am afraid your assumptions are wrong, and you could lose big, if you are NOT careful. Money can be made in either markets (scalping or swing trading) but you need a different perspective than you currently...

Thanks, 4re, for this discussion of EDGE. I have been thinking about this concept a lot, and it is nice to see it addressed here. SOme visitors to my thread said I have no edge, other said I do, and still others said I am my edge. I agree with you, 4re. The concept is a very complex and...

It does not matter which day... I always follow the same rules... my reporting never varies.... When I mention number of contracts and when the trades are closed, by definition it means round turns (contracts that are opened and subsequently closed).

At 9.30 open, I entered long in the hope of benefitting from ES closing the gap.... finally threw in the towel..... long after it was way... way... toooo late, and lost a bundle. Maybe patience is not always a good trait..... Long 2+2+1= 5 contracts Closed for a loss $517.50. DONE FOR...

Short 2+2=4 contracts after 8.30 AM news Closed for $186 net profit.

Long 1+1+1+1 = 4 contracts Closed for $186 net profit.

JJ has turned me onto this thread. I have been following all of your trades for the last two weeks.... with great pleasure. Keep up the great work and the community spirit. Good luck and good trading to ALL OF US...

DeJaVu all over again...... Repeat after me, one more time......:p Long 2 +1+1 = 4 contracts Closed for $186 net profit. Contracts traded for the day = 12 Net profit for the day = $558.00 DONE FOR THE DAY.

Long 2 +1+1 = 4 contracts Closed for $186 net profit.

Long 2 + 2 contracts Closed for $186 net profit. Flat before 8.30 AM trade deficit news.

Thanks JJ.

Thanks, Mishwar, for the info.

To be honest with you, I don't know much about calculating pivot points, and, consequently have not used them in determining my trade entries or exits. Maybe someone else can enlighten both of us. I hope....

Short 2 contracts Closed for $193 net profit. DONE FOR THE DAY.

I have no single answer to that question. But, generally the answer boils down to my Trading Rules. I have 3 sets of trading rules. They are : 1. System Rules, 2. Risk Management Rules and 3. Psychological Rules. If any rule from any of these 3 sections is triggered, I quit trading.

Third trade for the day - entered after the FOMC news Short 2 + 2 contracts Closed for $586 net profit. DONE FOR THE DAY.

Second trade for the morning Long 2 contracts at 9.50 AM Closed for $93 net profit.

Long 2 contracts after the 8.30 news Closed for $93 net profit.

WE all do some things right and some things wrong. Perfection is not possible in this business. If we can stay nimble , and humble, in this business we have a better chance of long term success. Journals like this and others at ET will hopefully help us ALL to do better.