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and there's the target 10091 I will be happy to wait for another strong signal. This way, I can sit through a strong signal and know that I have followed the rules and discipline

right now there is a long signal in YM at 10085 with a target of 10091 BUT I will not take it. The divergence is kind of weak and the trend is kind of weak and it's going into lunch time. Now, the question is, if I didn't just have a winning trade would my discipline kick in and...

out at 10083. It's funny playing these countertrend trades because you're going against strength and almost every trade that I get in, I start thinking, wait, this is too strong, what am i doing going short against this strong uptrend. (or vice versa) This is where discipline is even that...

short YM 10091 current target is 10084

if we shoot to new hights again i might get one of those multiple timeframe set ups that was discovered in yesterdays journal

Staling a short in YM now. Most of the signals are in place. Good trend to counter from, divergence is creeping in, band piercing to show that price should whip down soon (how much, we never know)

On this last selloff, there was a 1m sell signal. After the 1m chart band was hit I looked at the 3m. There was a signal. Right now the 3m band is being hit and as I look at the 5m chart there IS NOT a signal. Could this mean the end to this sell off ?

This was very interesting. I kept going up 2 timeframes. I went to the 3m after the band was hit on the 1m. I went to the 5m after the band was hit on the 3m. The 5m had signals so I stayed in. When the 5m band was hit I looked at the 7m. The 7m had signals so I stayed in. When...

I want to try something here. I am going to papertrade that I only got out with 1/3 of my position. The reason is that the 3m is now set up with a signal. If the 3m target hits at 10083 I will then look at the 5m to see if it has a signal. If the 5m has a signal when the 3m target is...

Out at 10071. I changed the target from out at band piercing to out at band touching just because the pattern is a bit sloppy, prior to entry.

Long 10062 Target 10072

the 1m set up has been going a little too sideways and has made on of the filters change as to not create a signal. Discipline will kick in here and I will not take the trade. The trade WOULD have been long 10066 in YM.

this was a papertrade that would have been stopped out. Had to go to a meeting. Not taking any real scalp trades until I'm trading fulltime later in August. Stalking a 1m trade right now.

scalp from 10083 target 10089

After reviewing this journal from the beginning I have made the following realizations. 1. My discipline is actually pretty good. 2. After more than one losing trade in a row is when I get emotional and need to control discipline and just wait for the next good signal. 3. Divergence to...

Hawker, What you noted about the example that I posted does make sense. It is, of course, yet another way for one to look @ the markets to pull some profits. Someday I hope to create an additional method using higher timeframes.

Followed plan. Had clear signal. System must be in a little flat streak.

stopped out

Long YM 10152. Target. 10162

1m may set up long (YM) But, I need to go to a meeting. If current downtrend breaks it could trigger a long. Maybe my meeting will be quick.