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DB: I believe Game's journal should give me insights on how i should go through those necessary steps before reaching the testing and experimentation stage and beyond. I asked your advice on the way to write notes during observation phase so that i am doing it in a right way because i feel i...

I suggest you stop trading now and begin again at the observation phase, only this time create a much more structured approach for yourself. If you have replay, use it. Determine whether price is going up or down. Determine when and where this movement began. Determine when and where it changed...

Schizo: Thank you very much for your kind assistance. I am taking action to correct my bad habits of widening my stops as written in my action plan even when now i am not trading for some time and in the future i will be starting to trade again. I have to unlearn this bad habit. I agree, a...

chart with 4 trades

I have printed out Wyckoff Analysis 1930-1931.pdf in http://www.traderslaboratory.com/forums/wyckoff-forum/3876-basics.html#post36469 and read it twice and plan to read it more times. There is description about 3 possible places to enter around anticipated turning points. However Wyckoff uses...

Hello, NoDoJi: Your advice has been well taken. Thank you very much for your kind help.

NoDoJi: Thank you for your kind assistance. You are right, i widened the stop because i was not completely accepting the risk when entering a trade, a mindset issue ; and because i was not completely following my trading plan, a discipline issue; and because i was trading based on hope but...

DB: I read it. I am thinking how to modify my trading plan and setups based on those steps in the thread you mentioned, particularly the first and 2nd step. For the third step about developing system, Please help to point out specific aspects i need to correct. I feel there are so much i...

Have been learning to day trade ES since last fall, my biggest challenge at this time is not to exit when i feel i should, particularly sometimes widening stops to give more room for the trade to work. On my journey to learn to trade for a living, many people have generously helped me. Please...

DB: I have submitted a post earlier on my ES trade but it was not posted yet. Hope it will be posted before you read the posts. For completeness, i am including chart for ES (paper trading). Thank you.

DB: if i have stop short NQ at the same time i shorted ES, i would have had much less stress. Maybe I should switch to trade NQ? But still my problem is in myself so switching to NQ cannot correct the fundamental reason behind my mistakes. Please help to advise me. Thank you.

DB: Please help to comment on my losing paper trade in ES. I thought to get out at first TL break, but instead i waited, then i was given a chance of exit with tick profit but i was thinking of maybe now it was going down much more So finally stopped out with 2.5ps loss. It is paper money...

DB: Thank you for your advice. I have the basic understanding about trend but not confident so i like to use MA to help me particularly in reversal BO ( i like BO above MA to show buyer or seller's strength ). I am starting the first step in...

Thanks DB for your time. I do watch mainly 5m candle bars. I feel your straight line method can be used for 5m candle chart too and applied it on my previous chart. I donot use any other indicators except moving averages to guide me about trend. After thinking about your questions asked in...

DB: I wish you could comment on my trade on ES 5m chart using your drawing a straight line method. Thank you.

DB: Prob you made these 4 entries. Please comment. Thanks a lot.