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The problem is most of the mistakes I am doing are on my NOT TO DO LIST, but when I am on the trading wheel they just wipe of my head for few minutes. nowadays I try to think twice before I trade to avoid certain mistakes which has nicely reduced my overtrading. still need to work on it.

Net = $-200 Total trades = 10. Todays mistakes: 1) Didn't wait for 5 min bar to close. 2) was away from desk and after returning should have carefully looked at the action before jumping into the trade.

Thanks I need to work on this, I had a fear of missing the down move so I was proactive.

1 example could be from 10:45am to 10:55am I had a strong gut feeling that Cl willl go down ( price had made false BO and was choppy making a lower high ), so I did multiple shorts from 75.21 but mistake was with very small stop loss say 5 to 8 ticks, CL went against me till 75.36 ( 15 ticks )...

I was also thinking about this, after say 3 or 4 back to back losers take a break of around +-30 min, I might have to come up with some numbers... this sounds a middle ground to begin with and see how things work out.

Today = $-600 Today I divided my trading into 2 types, BO and Misc BO was profitable and Misc messed up ( still learning ). I think slowly I am getting handle on BO's I can see some consistency coming in, too ealry to confirm but i see some progress. I want to spend 1 more month trying all...

1) mostly based on PA no way near NoDoji but one day I wish to. 2) strength with which the support / resistance was approach / broken. 3) Yes I am happy about that, I respect my max daily drawdown which is $400, as I do not want to go broke trading 1 wrong day, today I reachead my drawdown...

today = -$300 total trades = 14 Mistakes: tried to fade the down move trend in the morning, which caused max drawdown ( This is 3rd time I have repeated this mistake ) Yesterday I resisted fading a strong move and I was profitable .. I don't know why I try to act smart while trading, if...

I didn't find Virgin Mary either even though my eyes were alert :) SIM Best day so far... Net = + 900 total trades = 11 ( I had an headache fighting with myself not to over trade , I hope I can follow this everyday ) still having a bad headache, today I realized how stressful trading can...

Since I am new at looking charts real time, I also look and TS and Depth hoping to find something , this is 1 more reason why I get confused more and results in more trades.

today - $ 125 but too many trades = 35 Todays Mistakes: 1) Do not buy the falling knife until it stabilizes in 5 min. ( new mistake ) 2) Have a plan ( mindset, procedure ready ) to reverse if BO fails, do not freeze :) ( new mistake ) 3) Look at 5 min also do not focus more on 1 min. (...

How do you guys/gals reverse your position as soon as you find out that you have entered a false BO with not much impact to slippage and also not missing the strong reversal move. I use bracket orders for entry. Today morning I took the long BO at 7:32 and 7:44 am and I soon realized...

Thanks NoDoji for the detailed explanation. I will pay more close attention at those BO price levels and most probably go with the trend. I would definitely donate to the charity but from the profit I make trading CL not by blindly fading strong bull trend :)

I messed up, reached my daily max loss limit of - $400. I went on fading the bull trend starting 8:00 am, I tried to fade every resistance. Identifying resistance level is easy choosing the direction of the trade at that level at that very moment is extremely important and difficult I think...

SIM net + 313 Total trades = 11. ( I had issues with tradestation and also tried to control the urge of overtrading ) Today I was victim of false profit fill trade ( + 200 ) which would have not filled in real acct. Market is very smart its makes sure that it creates false illusions and...

Yes ( in Tradestation SIM ) This is the difference between Tradestation SIM and Real. In tradestation SIM you get fill as soon as price touches it. I think in IB it wait for 1 tick beyond price to get filled which I think is more realistic. Next week I will try using IB Paper account.

Shorted 75.41 tgt = 75.21 lstop = 75.51

Looks like Tradestation is having issues. My Time Sales was lagging behind by 3 mins, good I was paying attention, I have IB + Ninja setup too. One more Rule Trade only if data ( last price ) matches with both IB and Tradestion.

( 5 min and 1 min Charts ) Price action , Time Sales and Market Depth, 5 min chart Pivot ( length 3 ) , Volume , 20 EMA and keltner channel 20 EMA and Keltner I learned from NoDoji. Currently I am trading all my signals, thats why breaking even, now starts the hard job of filtering the...

I am ashamed to even post my SIM chart net + $40 but again today 29 trades which sucks. I will try to focus on 5 min from tomorrow.