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Just a note of clarification. THIS IS A REAL DOLLAR ACCOUNT (same as my larger account) - not paper-trade account.

One long trade since 8 AM (EST): 1. scaled in 2+2 = 4c Long Closed for a net profit of $11.00 Need to go flat right now, before 8.30 news.

Two long trades since 7 AM (EST): 1. scaled in 2+1+1+1 = 5c Long 2. scaled in 3+1+1= 5c Long Closed both trades for a net profit of $181.00

New Month, New Thoughts and New Directions for this thread: After much thought I have decided to not post the trading details of my regular account, though I will continue to do most of my trades in that account. I started a new account with $20,000 TC. The future posts will reflect the...

Great Discussion. Thanks for the exchange of ideas, methodologies, evaluation criteria and personal preferences.

Thanks for that explanation. It helps to understand the nuances and consequently apply the principles more accurately for positive results. Now what I am left with is this: will this technique add substantially to my arsenal of trading tools? My methodology is to forget what I did in the...

I had a chance to read a little bit about "martingaling" over the weekend. I don't believe I would be interested in doubling my position after I have a loss and I don't like either the assumptions behind it or the increased risk that comes with the execution of this principle. Maybe I don't...

I have critically reviewed my performance for the month of July (technically I have one more day to go before the month end, but I have decided to ignore that and consider Monday to be the start of the new month), and have modified my trading rules and guidelines for August, 2006. The following...

Total contracts traded for the day = 177 Net profits for the day = $3893.00 DONE FOR THE DAY.....

Faded the opening gap..... Short 57 contracts Closed for Net profit = $1675.50 Flat.

How about kicking me in the butt and saying that it is not good enough, and that I should have made up the loss from yesterday FULLY by now.... :D

Long 120 contracts Closed for net profit = $2217.50 Flat before 8.30 AM (EST) news.

The first question is answered in the posts right here. Therefore Iwill not repeat it here. The second question is more complicated: I don't have an "automatic" or simple formula. It depends on the following conditions: 1. My average in-price in relation to where support and resistance...

No, but I will investigate what "martingaling" is and how it can help me when other strategies fail. Thanks for the input. Parenthetically, here is one example where technicals alone do not rule the market, no matter how much we "technicians" consider it a superior strategy.... Fundamental DO...

Well, the news that release of Israeli soldiers is imminent, screwed up the charts and the possibility for closing the gap soon. Got chopped up for the third time, with the new shorts. Total trades for the day: 244 contracts Total net loss for the day = $3407.00 DONE FOR THE DAY.

DE JA VU....... Was I not here (i.e. same scenario) just a couple of days ago ??????? Except it was profitable in the end, on that day....

Was long before the 10 AM housing data. Scaled in for a total of 39c. Was ready for the market to move down (to close the open gap) AFTER THE HOUSING DATA. But from 9.45 AM, ES started to drop (sooner than my expected time frame), and I had to bail quickly and reverse. L39c for a loss of...

Long 94 contracts ES closed for a net profit = $1246.00 Flat before the 8.30 AM (EST) news.

Ahahhaaaaa.... As soon as I stop trading, the market shooots up....