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Sounds reasonable, I mostly use S/R when price breaks through and then look for a retouch as close as possible to add a position. One of my many mottos are adding positions as close to where you will be proven wrong, so that even if you get the trade wrong you won't lose too much.

Indeed, I reversed and put on a short here at 3022 though, it's at the top of a trending channel on the 1m and a potential for a tripple top ascending triangle pattern on the 1h. If the short sticks im adding another 2 on the way down to 3008.

I added 1 long at 3019.25 myself Edit: and took it off now at 3020.5, $50 is $50 and I'm trading on the road today. No real sense of direction today, could go up or down.

I do the same, I look at the daily to get a general sense of where we are at then try to find setups in that direction on the 5m and 1m.

Yeah I know, I have blown a few accounts in the past and learnt the hard way.

Cant really answer that since it depends on what setup I am trading, some times I trade 1 contract initially if I think the market might move away from my entry the wrong way and add on the way down, sometimes I trade 2 right away and at most I trade 3. Profit targets depend on trend lines...

Yeah it's crazy out there, but today was my best day by far in July. Not to brag or anything but I almost called every move today if you check my posts here in the thread today.

Im trading the 2nd stage of E2T's gauntlet, so technically it is paper money but I get payed in real money. Made $1008 today, when I have made $5000 on the live simulator (which is what they call the 2nd stage of the gauntlet) I get payed $5000 and sign a contract to become a partner of Helios LLC.

Bagged another 2 lots on the way down there and Im long with 3 avg price 3004.3. Lets see how far they can push this. EDIT: Actually, Im calling it a night now. Closed all positions here. Bagged 22.25 points today and when Im this far up pushing it harder usually means giving back a significant...

Truer words, and thanks :) still in, the retrace is very strong and I think we will see it going up for the rest of the session. Looking for another entry point to add a 2nd long now. 15 points in the bag and another 5.5 in paper profits right now.

Indeed, and believe me, I have tried very hard to try the trading plan strategy and I really understand the logic in it, but for me it doesn't work. My personality is such that I excel when I let go and listen to my subconcious. Sounds very goofy but it's what works for me.

I know this is going to be a very unpopular opinion, but trade plans do not work for me at all. I play it all by ear and just try to feel the markets and manage the risk, I want to remove as many distractions between what I am observing and what the market is doing. Having a trading plan...

Lost my cool and dumped the first long at 3005.5, still selling the other at 3007. Here is how my chart looks now compared to my prediction earlier, cleaned it up a bit to make it easier to look at.

How my charts look now, the red fibb is the price projection of the first down leg, as you can see the 2nd leg down was completed almost exactly as projected. The blue fib is drawn from the high of yesterdays close, as you can see there price has retraced back only up to 23.6. If it doesnt go...

I have two longs in now based on that previous chart I posted, price is dancing around the trend line as we speak. We have retraced to 23.6 of this big down move, if it continues down from here we could be in for a real bear treat.

I have one though, the upmove we saw before was a retrace and the 2nd leg down was just completed. Added 1 long here preemptively and will add another once the trend line breaks and gets retouched. EDIT: Starting to see the break of the trend line now on the 1m. Waiting for the retouch before...

Loads, got some fresh strawberries here too

Literally tons growing up here in the north of Sweden

Yeah that looks good, would have taken that trade but I'm busy picking blueberries

That's my biggest issue too, which is why I usually sell half and keep half. I also seem to have a great patience with holding losers and lose my courage holding winners.