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Week 5 5th day of sim-trade NQ and ES: goal is to follow the setup consistently but not to focus on P&L. Today i did not trade well; chart will not be posted. Wish everybody a great weekend!

I found out my biggest problem so far is not to exit immediately when other traders are not agreeing with me after i enter a trade. Many times i immediately knew that i longed swing high or shorted swing low after entries but i chose to wait being stopped out but not to actively managing the...

Gringo: I found out i had better focus on one market since i cannot trade well one market then why sim-trading two markets at the same time? After sim-trade NQ, i feel i now know NQ better (of course need more time to find out). Thank you.

Week 5 4th day of sim-trade NQ and ES: goal is to follow the setup consistently but not to focus on P&L. From now on, i will focus on sim-trading NQ only.

Week 5 3rd day of sim-trade NQ and ES: goal is to follow the setup consistently but not to focus on P&L. What I learned today: for weak trending market, i should exit faster and have a conservative profit target. Started to read again the book Trading in the zone again. This time, i...

Week 5 2st day of sim-trade NQ and ES: goal is to follow the setup consistently but not to focus on P&L. Today i was doing ok in ES, but was not concentrating well on NQ, not active in managing exit and re-entry: http://i.imgur.com/7l9k2KK.jpg

Week 5 1st day of sim-trade NQ and ES: goal is to follow the setup consistently but not to focus on P&L. Took 3 shorts in NQ: http://i.imgur.com/YEkYKNG.jpg. No more trading today. If watched 5m carefully, 2nd short would not be taken and may be able to look for long. 5m...

When a trader is able to trade effortlessly, then trading becomes peaceful. When a person is able to embrace whatever life has prepared and focus on the present, then life becomes peaceful.

Week 4 summary i finished 15-day sim-trade ES. The 4th week mainly i sim-traded NQ. Most of entries are ok but i was not managing exit well. Recalled the purpose of starting this journal: build good habits of stop widening the stops and follow the plan consistently. I seldom have the...

Week4 15th 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 took one sim-trade in ES, 2 sim-trades in NQ: http://i.imgur.com/jGpecYj.jpg No more sim-trading today.

Oct 31 2013 I didnot sim-trade ES but i did sim-trade NQ ( TR boundary reversal ), focusing more on entry since cannot watch the market continuously. At a location for possible reversal, better to scalp or not to trade until break out strongly. Note: previous post has a typo: should be...

Week3 14th 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 entries are ok but too late in exits. The last short was just stopped out although many chances to exit for better...

Week4 today I did not plan to sim-trade ES. but i did sim-short NQ. one sim-trade only today. at 6:38PST, the direction of least resistance is down but what kind of PB will it have? enter short early then likely immediately adverse up move which would need a wider stop or exit and then...

I just read again the first several posts of the journal http://www.elitetrader.com/vb/showthread.php?s=&threadid=278341&perpage=6&pagenumber=1 For the first time, i started to sense something i have never sensed before although i have read it many time before.

After making many mistakes, i finally realized that i was trading the market i was hoping to have in my mind but not the market in front of me i am actually seeing; also i was thinking too much about what i wanted to see so that i was not fully focusing on observing the market in front of me...

Paper trading NQ today During the weekend, i realized that i was not trading the market i was observing but trading the market i was hoping to have, which explains why i was making so many mistakes. This morning i changed my mindset: to trade the market i am really observing. Slowly i am...

Week 3 sim-Trade review Majority trades had immediate adverse move after entry. 9 trades had favorable move after entry but for 7 trades which had immediate favorable good move, i exited too early. Clearly i was not following the setup. My setup is box bottom long but i long the top...

Today i did not do sim-trade but paper trade NQ. Yesterday and today NQ moves much larger and cleaner than ES. This week i made many mistakes. Anyway, mistakes are part of learning. My current biggest problem is to get the direction of least resistance wrong so that i often enter late...

I really like NoDoJi's posts from ES Journal - 2013 in the below. The chart discussed in the conversation is also attached. By Huyang: May you please point to a link on how you would enter a strong trend? Thank you very much. By NoDoJi: I don't have a link to all my posts about entering...

NoDoJi; Very clear and informative writing. Thank you very much for your generous help.