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Week3 13th day of 15-day sim-trading ES. The purpose is to build good habits to follow the plan and setups consistently. Starting now to focus on both entry and exit. Today i again was not waiting patiently for high probability trades but did try to learn to follow a better exit plan by using...

NQ daily: http://i.imgur.com/IDdL8Ch.jpg Please feel free to point out if i draw lines incorrectly. Thank you.

Today I paper-traded NQ on how to use DL/SL for helping me exit better and faster in a trading range market since i often very slow in exiting a loser. The DL/SL is very helpful although i may not do it correctly. I need to practise it more in order to be able to do it consistently. Chat in...

NoDoji: That is very kind of you to write in details on how you trade with trend. I will definitely spend time to digest your thoughts after which i may need to get back to you for further questions. Regarding today's ES, i have one question: when i found out 9:35 EST 5m bar (9:38 1m...

Nodoji: May you please point to a link on how you would enter a strong trend? Thank you very much.

Week3 12th day of 15-day sim-trading ES. The purpose is to build good habits to follow the plan and setups consistently. Starting now to focus on both entry and exit. Today i made many mistakes again. I suddenly realized that i was taking too many low probability trades and gave non-working...

Week3 11th day of 15-day sim-trading ES. The purpose is to build good habits to follow the plan and setups consistently. Starting now to focus on both entry and exit. Today i made many mistakes. Time to think how to change.

Week3 10th day of 15-day sim-trading ES. The purpose is to build good habits to follow the plan and setups consistently. Starting now to focus on both entry and exit. Today i did not do well i exit. How can i do better? the following: Before entry, answer following; After entry, act based...

Gringo: On a continuous basis, there is no close or open. So in this sense, there is no much difference between 1 and 2 except at that moment when the bar closes, case 1 buyers are stronger than sellers and case 2 sellers are stronger than buyers. I just chose to make my exit decision based...

Just found out, 10:35 bar has a low 3336.75 but close at 3337.5, so i should not exit long based on my plan at 10:11. Anyway, next time should be careful about bar low and bar close.

Slugar: if i are asking me, the below is my answer: Based on lines I draw, 7:04 the frist time to break DL d. i would not exit, but i did write my plan at 7:04 as shown in the first chart: if close below 3328, exit long. But then the market didnot close below 3328, so hold long. All my...

Gringo: I agree your one DL is simpler. I found out drawing those lines keeps me to focus on the price but not the feelings. When and why do i draw those DL is written in the chart. From Gringo: Do you feel your understanding of when a decision needs to be made getting better. Even...

Gringo: Thanks a lot for your kind words. The only difference between my previous drawing and current drawing is that i am now doing exactly bar by bar analysis and plan in advance the conditions to exit, following the advice in this thread. No matter what, i am very thankful for what i...

Draw lines bar by bar moving forward ( from 07:15 to 08:34 PST)

Although my posts in the past may not be closely related to the topic --- a natural product of not really understanding the fundamental concept, I am seriously trying to learn from all those discussions. I tried again on NQ of 10/18 by bar by bar moving forward. Please feel free to give me any...

smallStops: Once trading range or broad channel are identified, the setup is to short the top or long the bottom. Attached file shows 9 exactly followed it, another 9 did the exact opposite, another 5 did the opposite but following the immediate direction such as short TTR bottom after down...

Week2 trades details attached in the below. First two days i was trading better. 0n 10/16, larger losers than winners. On 10/17, taking tick profits for a strong bull from open.

Week2 9th day of 15-day sim-trading ES. The purpose is to build good habits to follow the plan and setups consistently. Focus on entry more than exit; step by step. Lesson learned today: for a strong trending market, should hold but not exit and re-enter repeatedly. Need to think how to...

smallStops: Including this week's trade, i should have taken 20+ trading on PB long/short setup. Thank you very much.

DB: I realized my ES question is not related to the discussion, so i deleted it. For my NQ related posts, i was trying my best to learn how to make good use of the insights shown in all those discussions by answering those questions. But apparently you think all my posts are irrelevant. I am...