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    Bride of If You Can Draw A Straight Line

    Niko: I use ideas from straight line approach. Thank you.
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    Bride of If You Can Draw A Straight Line

    DB: First long: break out opening range. Then entry is at 6:45:34PST @92.5 (should be 2nd bar after the first blue arrow in the chart). Thank you for your advice. I should hold the first long so there should not be 2nd long. I did hold the last long. Are you saying 6:30 to 1000PST up...
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    Bride of If You Can Draw A Straight Line

    DB: I am also not sure about my short exit of yesterday as shown in the chart. I think i did follow my plan although i let a 27ps winner becoming a 1t trade, therefore i didnot feel much regret which i would definitely feel before. My goal is to trade consistently and follow rules but not on...
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    Bride of If You Can Draw A Straight Line

    DB: The setup is BOPB. The trading plan for BOPB Long: 1. Entry: BOPB 2. Stops o Initial stop: 1t below swing low. o Trailing stops: could allow 1 adverse move (PB). After PB, move stop to 1t below PB low if initial stop around 2ps away from PB low. 3. Exit by one of the following: o...
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    Bride of If You Can Draw A Straight Line

    DB: If possible, please help to comment entries and exits in the chart. Thanks a lot. Traders: please help to give constructive comments too. Thank you very much.
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    A Beginner's Mind

    week 17 Wed For most of my trades since week 15, I found out i was not trading consistently while i thought i was. It is time again to observe the market and think how to trade consistently.
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    A Beginner's Mind

    Week 17 Tuesday Didnot follow rules. For some reason cannot upload the chart.
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    A Beginner's Mind

    Week 16 Friday 1st short: stopped out. Working on finding out more reasonable exit. 2nd long: exit manually because in general donot watch market from 7:45 to 8:15. 3rd long: definitely a mistake of not exiting for 5+ps profit. 4th short: glad to have used a profit target...
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    A Beginner's Mind

    Week 16 Thursday trades in 1m:
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    A Beginner's Mind

    Week 15 Wednesday only one trade in the open. Trade in 1m:
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    A Beginner's Mind

    Week 16 Tuesday No more trading today. One trade in 1m:
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    A Beginner's Mind

    Week 16 Monday Trades in 1m:
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    A Beginner's Mind

    Week 15 Friday I watch both 5m and 1m. To be simple, i will only post 1m chart. Tradeslog: http://i.imgur.com/AENLxnv.jpg If with flawless execution, more is better. However at this stage, i cannot execute trade flawlessly. Therefore, should trade less. trades in 1m:
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    A Beginner's Mind

    Week 15 Thursday: Yesterday, a profitable easy trade at open, then 2 losing trades and 3rd trade with a big heat. For me, more does not mean better: today just one trade. Trade in 1m: http://i.imgur.com/uCZLhAj.jpg Trade in 5m:
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    A Beginner's Mind

    Week 15 Wednesday Note: the last short exited at 52.5 but not 52 as shown in the chart. trades in 1m: http://i.imgur.com/I65gZMC.jpg trades in 5m:
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    A Beginner's Mind

    Week 15 Still the same lesson: when the reason for entry not valid anymore, should exit without hesitation. Trades in 1m http://i.imgur.com/z2zq7Gf.jpg Trades in 5m:
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    A Beginner's Mind

    week 15 Happy New Year to All! Have been reading the book the disciplined trader. The first day in 2014 tried to forward test the setups. Lesson learned today: when sensing the reason for entry may not be valid anymore, should just exit without hesitation. Still fear of missing out or...
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    A Beginner's Mind

    Week 12 In the journey to learn day trading, i have received many generous help. With sincere appreciation, i wish all a Merry Christmas! I have been testing setups and reading books. Slowly i am forward testing the setups again. At this time, i am reading the book the disciplined...
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    Thoughts About Risk, Reward, and Trading

    xelite777: thanks for the recommendation. May you elaborate more on how this book is a must read? Based on what i got from "searching inside in amazon", it has very good information.
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    A Beginner's Mind

    Week 6 Monday: My current objective is to test one setup at this time for NQ only, and observing NQ, recorded in the excel sheet having columns such as entry, stop, exit, MAE, MFE. Summary of week 5: When I was focusing on the process and following the setups even when setup not...
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