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Week 34 Friday Today i did try to practice what RN described in the above. Hope by repeatedly doing the same thing, i could make it my own. I was using 5ps stop but today i managed to use 2.5ps stop. The trading steps (using 5m and 1m): (1) find out the direction; (2) find out R/S...

Week 34 Friday I really like the insight shown in the below on small stop (low risk stops) and low risk trading (TR break out or TR trading). Originally Posted by Redneck in Jas_in_hbca's journal on 5/22: Several thoughts here Huyang That trade busted through 2… of the 3 possible...

RN: Thanks a lot for your detailed response on small stop (low risk stops) and low risk trading in general using TR as an example (TR break out or TR trading). You have described it very clearly and it is very helpful; the challenge for me becomes how to distinguish high risk and low risk...

RN: Thanks a lot for your sharing the insight on how to choose a small stop and why. I would like to ask you a question using the example with the yellow line --- same tops of post 788, the stop should be 1tick or 2 ticks above the yellow line? Jas use the break out entry, Would you please...

Handle123: Thanks a lot for your kind sharing.

Handle123: may you please check whether notes on the chart is what you shared on weak hands signal? Thanks a lot.

slugar: If possible, please help to describe your thought process for the following (details are in the attached chart. ): (1) what make you not look for higher low long entry as shown in green arrow? (2) What make you not to short earlier at red arrow ? Thank you.

RN：Learned from you again: trade what i see but not what i think. At red arrow I was thinking of a possible range from 80 to 92 but there should not be for no similar top around 92 yet. At black arrow, could we say a possible range from 80 to 92 ? Thank you.

Week 32 ZL: was an experiment on whether to look at another market when NQ is not trending. The conclusion: focus on NQ only.

RN: Thanks for your kind words. I just summarized what you were trying to tell us. Happy Trading to All!

RN: That is very kind of you to do all of this. Lots of insight exits in the above and in the below. Then our mission becomes how to learn from your sharing and how to make it our own (within). Thank you very much for your sharing.

RN: Reading your comment of lower long entry requesting a lower target which I finally understood your thinking and recalling sometimes my 5+ps winning trade becoming a 1ps profit or even a 5+Ps loser and Handle123's sharing day trading using a profit target, it is all about balancing...

Week 31 next week practice to exit immediately for a small loss if unexpected PA.

RN: It was very kind of you to remind me. I will definitely be mindful about that this is Slugar's journal. I mentioned learning to trade NQ implicitly indicating my questions will be directly related to Slugar's journal because Slugar trades NQ too. Reading carefully the detailed response...

RN: Thanks a lot for your prompt detailed response which is very helpful. Currently i learn to trade NQ and NQ only, a beginner. I will respond later after i have finished reading Slugar's journal and very likely will need to ask you more questions. I appreciate your kindness very much.

Weel 31 back from vacation 3 trades. did follow the plan. the first short should have a smaller stop.

RN: thanks a lot for your quick response for the last part. I was trying to ask you whether what i wrote/thought does make sense. I had no intention to suggest anything. Why did i ask you the question? i found out it is challenging how to exit (much more challenging than entry). For...

That has the “appearance” you are calling (expecting) a bottom / turn.., or a big ass range When entry is lower (than the previous trade) – so too should the target (for longs)… Same as when entry is higher (than the previous trade)…, target should also be higher (for shorts) Make...

Week 24 This one is the last post before May. Interesting to look at the difference between two charts of week 5 11/5/2013 and week 24 3/11/2014.

Week 24 Plan to travel soon. No more posting until May. Happy Trading to All!