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Focus on entries again. Next week all my trades will be one of the three: Trend Touch (TT), S/R Continuation (SRC), or S/R Reversal (SRR). This may be biting off too much, we'll see at the end of next week. If it is too much, I'll just pick one of them for the week after next. The...

I missed this one, but it was pretty obvious for anyone looking. From Weds. morning.

On the 2000 tick, here's how I used it this morning.

Here's a picture of how I used Trend Touch this afternoon.

Kay, you are correct as usual. And psychic too. I was getting this ready to go before I saw your post: Using the "Process" I found most of my success this week with two types of entries. Trend Touch Entry Move starts. Wait for counter move. During counter move, watch for a...

GRPT = Golden Rule of Pullback Trading = don't short immediately off the high of the day = don't go long immediately off the low of the day. I made up this rule after looking at a large number of losses over a long period of time. The way I do it (when I do it right) is to be patient and...

[5] Fear of missing out. Especially vulnerable to this at new highs and new lows. I want to sell the high of the day and buy the low of the day. I already showed myself that this doesn't work in the long run and came up with the grpt. Yet still, I have violated this rule almost every day...

I've been thinking about why I make those dubious entries. It's difficult because there are many reasons. Reasons for taking bad entries: After a string of losses or scratches. Doing everything right, but it's not working. I get impatient and grab for any trade in sight. After...

I missed it. I'm looking at the first green hammer, if that's what you're looking at. Wow, I see it now. At the time I was doing well shorting off that decending trendline. So missing that divergence is that 3rd problem on my laundry list: getting caught up on one side, missing a great...

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Well, the 600-tick was the place to trade NQ today. Look at those nice, trendy candlesticks. Texbook stuff for most of the day. Even though I did well with this after finding it today, it was not enough to make up for the losses from those dubious entries. Hence my focus on getting...

Sorry, still didn't get it right today. I chased a couple of breakouts, which is bad for two reasons: one, I don't trade breakouts; two, chasing is bad anyway. Aside from that I had one entry, in the system, but really a lawyer entry. Plenty of evidence against it. All shown on the...

Pete's Trading Process [1] What's going on? [2] If I figure it out, I plan an entry and figure what the market should do after that entry. (If I don't figure it out, take a break, come back, look again. Look at something different.) [3] Upon entry, I switch to "What's Happening...

Problems with my trading that I can eliminate: Unjustifiable entries Unjustifiable exits Getting locked into one mindset when searching for entries, then missing a great entry on the other side I am taking these in order. Working on the first one right now. Another note...

Improvement, but still nowhere near where I need to be. I identified three entries of dubious nature, shown on the chart. It is possible, and necessary, to have no such trades. That is my goal for tommorow. I want to write that all of my entries were justified.

Any reason why all of your trades were shorts today? Sorry in advance if I missed something about this earlier in the journal.

I traded very badly today. On the chart I drew the trendline from the morning high to the first failed pullback at 8:46 CST. After that, I consider a legitimate short to be an entry from a retouch of this trendline. I've marked three that followed. I actually got this second one, but I...

Do you think it is better to practice what I was doing before, or what I am doing now? An honest question. I think what I am doing now is better, more like evolution than switching from system A to system B. I met a very successful emini trader recently and I've aligned my trading to...

HAPPY BIRTHDAY DEVIL DOGS

I've started trading a whole new way. I let the market show me where to get in, and get out, instead of imposing my method on the market. The steps are: [1] Look and see what's going on. [2] If I figure it out, I plan an entry and figure what the market should do after that entry. [3]...