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That first chart looks really bad. Here's a second try. By the way, green boxes denote buys, reds denote sells. So, my winners were just fine today, and still turned a small profit even with these mistakes. But once I get rid of even half of these mistakes, I'll be ready to switch back...

I really changed as a trader today, for the better. I just tried to be like "drill instructor trader" and not "lawyer trader". The result was my first profitable (sim) day in over a week. A little more to the story. Last couple of weeks I was overall losing consistently. I mean I could...

This man speaks words of pure gold. Back to your original question of overtrading: it's something that takes time to fix, that you have to really work on. What's worse is, you are the only one who can figure out how to fix it. There are a million reasons why you could be overtrading and...

Something important I learned this week: Trading like a Lawyer: This is a sure way to lose every time. Basically, it means interpreting data in such a way as to support your current position. If there are two things that support it, and 17 things that say 'get out', lawyer traders will stay...

In this category I also put trades that start out with a small profit but then turn south. I think it's important to find out the mechanics involved here in order to progress. Here's what i've found so far. I've gone through several stages, something like this: [1] Holding on due to...

What's Happening Now!!

Another thing i've been focusing on this week is "What's Happening Now". No, not that old TV show, rather AT THIS MOMENT, are we heading up or down. Here's a screen shot. I'm using T&S showing trades 10 or bigger, colored green for at hte ask, red for at the bid... plus, underneath are some...

Reversals on the micro level... Underneath the chart is OBV for just the last 25 bars. Note the divergence with price, marked on the chart. This signalled the end of the run. Of course you still need some sort of price-based entry to stay out of trouble. Trendlines have been working...

As we powered up from the gap filling the Trend Triumvirate (TT) switch to LONG LONG LONG so I was looking for longs all day. Marked on the chart. Yikes, as if to mock my new profit taking scheme, I had five losers in a row, and check out the MFE's: 0 (lost 1.5) 1.0...

Suprise guest was Jerry Medved who absolutely whooped my butt in 9-ball.

Very interesting... on the P/L side I had a small loss for the week. However looking at the distribution of MFE's vs. profit I actually took, with a better exit strategy and the same entries, there'd be PLENTY of P and not much L! Keep it simple: 1st ctc: target +2; if hit, stops to b/e on...

same here

A plethora of signals on a narrow range day. Suprisingly the method can still eek out a profit on a day like today-- the automatic +5 ctc piles it up and the discretionary close breaks even all day. All longs today since we were well above the 285 SMA/5 min. Waiting for a trend in favor...

Dave and Buster's 7pm Thursday Oct. 30th I'll get a pool table for us and be on the table at 7pm. I'll have some NQ charts out by the table so you know which one! I've got dark hair and glasses. Directions: It's at the intersection of 183 and Mopac, on the North side of 183...

In the past i've made some nice trades with the e-minis with the help of OBV. I posted some charts around here somewhere... try a search if you are interested... I would look for breaks in the OBV trend, or divergences between OBV and price. Worked best over a time period of at least a day...

Started traded the pivots (NQ) on the simulator... there are lots of ways to trade them, I'm going to list some and see if you folks have any comments about particular methods: breakouts - enter when approaching or just crossing the pivot pullback after breakout - wait for breakout...

The wise ass (but best) answer is figure out what works for you. When I traded a single moving average I waited for a close above (for longs) or below (for shorts) to open the position. But if I had to do it again, I think I would take a position as price moved towards the average, and dump...

Wow, a day like today really shows me i'm not missing out by sticking to one chart. There were two entries, both good. I bailed on the first one (took -1.0) because it didn't look like a winner after I opened it. It was down to like -2.5 about to get stopped then moved back up... I...

Three signals on the 300-tick, all shorts, 1 winner two losers (entries marked on the chart). I enjoyed sticking to one chart (aside from playing around on the 10-tick). The third signal was a sneaky one and I probably wouldn't have seen it if I was on multiple charts. As a final entry signal...

First I printed out 10-tick charts of all of my NQ entries in October. One chart on a sheet of paper per entry, with about 20 bars before and after the entry. I circled the entry on every trade and made a big stack of winners and unfortunately a bigger stack of losers. Then I spread out all...