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Traded real well today. Over the past week or two I feel I have come up with some really solid systems. I will briefly outline the systems I have been using here, but will eventually incorporate them into my trading plan. All trades listed here are paper trades Trade #1: short @ 1135.75...

Certainly, actually i think i may have something but have been real busy with exams lately, so haven't gotten around to doing much with it. But Im always curious to look at new books and ideas.

same here, what book ?

Im still bouncing around between methods. Have noticed that MA crosses are difficult to trade because of the lag time associated with them. I think I have stumbled onto something using candlesticks, picked it up from an article by Kevin Ho from the lbrgroup website. The methodology I am...

The problem you expressed above about describing the taste of an orange is a common problem is philosophy. I believe it is commonly reffered to as the qualia problem. The most common example used is as follows: There is a scientist, who specializes in the field of color recognizition as...

I have been fiddling around with the idea of creating some sort of trend system with strict rules for opening and closing trades. Today was my first attempt at trading the system. At this point it is still very unrefined, however it works as follows 3 min and 5 min charts 3 and 10 WMAs on...

Right now my goal in my trading is to creat a clear and concise plan. This plan must address the following: - Create a STRICT (no discretion involved) plan that gives clear rules for entering and exiting the market - Paper trade using these rules and adhering to the rules as best as...

BAM... that is the sound of you hitting the nail right on the head, because this sums up the problems I have been having as of late like you would not believe. However even after last week when I did not enter any trades early, and traded with my plan pretty well, I still had a pretty...

I am going to stop doing live trades for quite a while. I am looking into changing my methodology, possibly looking into beginning to trade the YM. At this point I have little confidence in my system and feel that there are necessary changes that need to be made in order for me to trade well...

Trades for 2-6-04 Today only got one trade however it was pretty low probability for a number of reasons, I still took it despite this fact ended up being a loser. Trade #1 Short @ 1139.25, cover @ 1141.00 -1.75 pts 12:20 - Took a valid signal off the 5 minute, there were a lot of...

I placed the order to sell directly after getting long, besides placing the order before I even get the trade going I don't think there was much I could do, but this would be next to impossible utilizing the methodology I have been using. This type of stuff will happen, but how do you deal with...

Trades for today 2-5-04 Today trading went as planned unfortunately my profitability did not follow along. Trade #1 Short @ 1128.00, stop and reverse @ 1129.00 -1 pt 10:54: This turned out to be the beginning of a ranging period I got a signal to stop and reverse, so I did at 1129.00...

chart for today

Trades for 2-4-04 Today I did two trades both of which were live trades. Overall I would say that the few days I took off this past week have helped my discipline, however I did face some different problems today. Trade #1: Entry 1125.75, initial stop point 1123.75 moved to 1124.75...

Trades for 2-3-04 Did not have too much time to trade today as a result only took one (paper) trade. Trade #1: Long @ 1133.00, cover @ 1134.5 +1.5 pts 11:55: Entered trade on a valid cross off the 5 minute. Good timing with my entry, and patient with my exit. I wanted more out of...

I understand your point here, however the majority of my losers from last week were basically impulse trades, trying to enter early. The way I see it when I enter early, and then there is no confirmation of this early entry via the MAs that I watch then the signal should not have even been...

Did quite a bit of analysis this weekend concerning my past trades and I found some new information concerning my trading. I found that I am most profitable on trades that revolve around levels (generally pivot, sometimes support and resistance via eyeballing the chart) and that when I...

Trades for today All trades from this point on will be paper trades unless otherwise noted. I will be working on being disciplined before I go back to live trading. Only did one trade today but I feel I managed it pretty well (although it would have been nice to catch the massive sell...

Why not just program your system (or have someone do it for you) and have the system trade itself ? If it really is a good system, automation maybe a good solution. Anyways I would have to disagree with your point about you cannot win with a system that only averages 40-50% win...

I currently look at the three minute to mainly to wake up to a possible trend change occuring. I then take my MA crossover signals from the five minute chart, however this past week I kept trying to trade reversals off of the 3 minute which resulted in lots of trades where I was merely trying...