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This sounds like a good idea, I like your point of how analyzing all of these numbers allows you to take a look at the bigger picture of things instead of just focusing on the profit and loss section. Right now just looking at things in hindsight it is clear to me that this week my biggest...

Currently using Open Ecry as a simulator.

I got worked again today, Im going back to the simulator until I begin to trade better. Trade #1 Short @ 1130.75, cover @ 1133.00 -2.25 pts 12:30 : Got short here, however entry was too early as a result the MAs on the 5 minute never even crossed, this didn't keep me from holding on. Got...

Today's chart.

Today I breached my discipline again and it shows in my profit/loss. Trade #1 Short @ 1142.75, cover @ 1140.00 + 2.75 pts 11:21: This trade was a good trade. I was expecting a short lived correction in the quick move down and then i shorted once the old lows were breached. Stop was at...

chart for 1-27-04

Trades for 1-27-04 Today I only did one trade, but I was disciplined and did not get suckered into trading the chop. Trade #1: Long @ 1146.00, stop initially set at @ 1143.75, moved to 1145.5 eventually, cover @ 1145.25 -.75 pts 11:31: Got in on this solid entry. Price immediately...

I Watched the market today, but got no signals. I Did a good job of sitting on my hands and staying out of a market that ate the shorts alive. I Will continue trading tomorrow.

I use 15 as the step parameter.

I did an analysis of my trades over the weekend like I said I would. I printed out every chart I have traded, plotted the pivots (more on this later) and had a VIX graph below every graph lined up. The results are astounding, but in some sense I knew these things to begin with. My main...

I would say it goes as follows: Trade #1: Executed the plan, placed profit target order, profit target reached but did not get filled, got out of trade because of trailing stop. Left money on the table, but followed the plan good trade. Trade #2: Entered far too early, changed my...

Today I made some good entries that is for sure, but things just didn't seem to go correctly when it came to exit time. The good news is I stayed out of the chop (Thanks for the tip NihaAbashi) Trade #1 Short @ 1139.00, cover @ 1138.5 +.5 pts 10:55: I was looking for a fakeout move here...

This sums it up for me, you should know what you are going to do in any circumstance before the circumstance occurs, thereby eliminating emotion. These are how my best trades work. My trades that fail often lack a plan, or the plan is changed midway through the trade. If you are not able...

Today I proved to myself that I can trade with discipline. Now it's just a matter of staying out of the chop, which I believe I may have figured out how to do. Trade #1 Long @ 1145.00, exit @ 1144.00 - 1 pt 10:35: After entering this trade I noticed that the most it went in my favor was...

I only trade the last three hours of the session. All times are westcoast based, so add three hours.

When I execute my trades correctly and stick to my plan, the trades come out in my favor. You are correct though, the core of the methodology I am using is looking for reversals, I am however looking into creating a trend following methodology that I have begun to paper trade and everntually...

My head was somewhere else today, the worst part of it all is that there were real profit opportunities for me today, however my trading failed me. I came into today with a big head and tried to be the hero, you can guess the results. Trade #1: Short @ 1140.00 , cover @ 1141.75 -1.75 pts...

Great stuff Awash, here is where all of your practice will pay off, literally !!!

Was not able to trade today, looks like I did not miss too much as far as action goes. Will resume trading tomorrow.

JohnM4402, No offense taken, you are definetly posting a legitmate question here. While I certainly broke one of my rules on Friday trading, I only broke one of them, this would be out of about 20 of them. The reasons these rules are in place is to guide my trading so when a situation comes...