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Something to add... I am currently pursuing setting up an account in hopes of going live within the next three week or so. Initially I plan to limit my trading to 1-2 trades a day for the first week or so, from there I plan to expand until I am completely live trading all of the time...

Trades for 11- 17-03 Trade 1: Short @ 1039.5 , Cover @ 1037.00 , Stop @ 1040.75, +2.5 pts 8:00 This trade was played fairly well I saw the signal and entered properly and was able to sit tight for a pretty decent portion of the move. Trade 2: Short @ 1037.00 , Cover @ 1037.00 , Stop @...

This thread will continue next week, sorry for the delay.

Awash, It looks to me like you really overtraded today, I haven't seen too many posts where you have done seven different trades. As far as the longer time frame goes, i just recently switched from the 3 to the 5 minute chart and i have noticed that I am more patient because of this. I...

I will not be trading tomorrow 11-11-03, due to prior engagements and also in observance of veterans day And trades for wednesday and thursday are questionable as well.

Trades for 11-10-03 Trade # 1: Short @ 1048.75, Cover @ 1047.00, Stop @ 1049.75, +1.25 pts 8:20 the short was taken, the slope was reasonable however did not feel like the momentum was really there berhind the move, decided to get out slightly premature, but still a good 1:1 trade...

I find this last paragraph to be really true especially during the first half hour, which is why i stay away until about 10 eastern. Although right now a move is playing out that looks like something you have just described.

Why would I want to change my stops so that I am risking more than I am expecting to make on a move ? Like I have said before, most moves rarely continue after I have been stopped out, so why would I want to widen my stops ? Even if I were to change my profit target to a bigger number, the...

Well to be honest I dont really know, and this is one of the things that has plagued my trading so far (see trade #1 today). I personally am planning on creating some sort of indicator via neural nets over the next several week to see if I can get something will accurately measure the momentum...

Thanks for the encouragement from everyone so far I really appreciate it. As far as my time frame goes I use a 5 minute chart and I am west coast based and will be posting all of my trades according to my time here so just add three hours to all trades.

Trades for today 11-7-03 Trade #1: Long @ 1058.5, Cover @ 1058.5 0 pts 7:27 This trade was confirmed earlier on the 3 minute chart at the same price but slightly earlier, I did not take the signal till it was confirmed on the 5 minute, I felt like the moving averages were are about to...

No trades today spent most of the day doing other things along with some revision into the system. I played around with a few indicators and found that the ADX lags too much to be an accurate indicator as to the momentum. I found that simply watching the angle of the MAs is the best way to...

2 trades for today, both turned out really well, was able to exceed my profit target by a reasonable amount on one and by a little on the other. Trade #1: 7:15 Short @ 1050.25 , Cover @ 1047.5, +2.75 Stop @ 1052.75. This trade went along for the theme of today which seemed to be real quick...

So after reviewing several different time frames I am going to try using the 3 minute chart for the entry point (as some moves are sometimes not confimed till later on the five minute) and then use the 5 minute as my stop point, thus widening my stop and creating larger profit targets without...

no trades listed

Here are the trades for the day, I will also post the 5 minute for comparison's sake without the trades listed. I am considering taking my signals from the 3 minute (better entry) and then using watching and using the 5 minute for confirmation.

Well unfortunately I am having the same problem as you Kap, what I have noticed is that the exit at 1:1 stop ratio seems to work the best, however the problem is that if you are constantly exiting at this magic number your profits are going to be greatly diminished because you will never pick...

I am confused by the last commment, look at the left side of the trade, there is no crossover there, and I would not play the move because of this. I have not experienced many problems with my stops as far as my stop getting hit and then the move continuing without me, therefore I see no...

Porgie while I certainly appreciate your input, the reason for not taking the trades when the MAs get close together is to maintain the probability of winning trades. By taking the method you have suggested it would change a lot of things about this methodology. Instead of looking for...

I will start saving the pics as gifs to avoid the loss in color which has resulted in the charts being hard to see.