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Combination Bad Luck/Timing and improper checking of trades. Cattle.. in Late September went long at 83.30.. 2 or 3 days later it was up to high 84 area.. every $1.00 worth $400.. market was about to open.. told myself. okay if it gaps up I will sell immediately.. I had my stop at...

Just my observation.. but I found the 5 min. bars to be most reliable.. I've found their signals more reliable than those from 10 & 15 min. bars..

Sorry ..forgot to attach the chart..

Hi Nihabashi, Thanks for all your input to this forum. Can I ask you to look at the attachaed chart. I've been following your tweezer pattern entries somewhat.. and was curious if this would constiitute a tweezer pattern for you. This is a 5 minute chart.. I know you use 3 min. charts...

Its a never ending battle.. Be patient..

Money, Am I reading this correctly.. you held your long from 1045.00 all the way down to 1032.00.??? If so, why would you place such a big stop loss of 13 pts.. when you're goal for each day is 4 pts.. Please don't take this as criticism because I am not a successful trader myself...

Hey dp, I was not looking to take a trade.. my question was mainly to see if others use these scenarios in their trading.. My style of trading would not create a signal with this setup.. I'm not to crazy about playing breakouts simply because it calls for a much wider stop.. haven't...

Maybe some experienced index traders can help me out.. today at 11:30 est the NQ made a new high.. while the ES & YM did not. in fact they both made a double top.. Would this indicate weakness in all 3 indexes?? Would this be a short signal for anyone?? Would you only want to short...

Money, I'm glad you mentioned this.. because I too suffer from the same problem.. I have a goal of 2 pts. a day.. which I feel is very attainable. And I find myself trading to meet the goal.. Getting out of trades early because I may have exceeded it by a small margin.. and then taking...

Good trading.. Paying $10.04 a round turn on Emini is way too much.. especially with a $50k account.. Hope you can work out something with your broker.. if not, look elsewhere.. Good Luck,

I don't think its possible.. Only if the losing trader is a disciplined trader that takes all and only the signals his system generates.. which would mean the system he is trading is a loser... Most losing traders trade emotionally.. not following a well defined trading plan which would...

eggs, Just want to make sure I'm understanding correctly.. You enter as soon as the market shows overbought/oversold.. you don't wait for any type of confirmation ie. canlestick reversal.. or breaking of the trendline..

This is going to show my laziness. but does anyone have a site that shows when earnings are expected to come out?? The only info. I get is reports and such.. can't seem to find earnings .. thanks

Just posting for thoughts.. possible Head and shoulders could form on Mini S&P 60 min. chart.. Little early to predict it.. but this move up could be forming the right shoulder...

You're right.. But these days have killed me in the past and I've learned to stick to my plan which calls for staying out of this type of market.. There will be plenty more opportunities I keep telling myself..

I don't know about anybody else.. but I've not gotten a decent setup today.. looks like I'm not going to either.. Good news is I stuck to my plan and didn't force anything.. No trades = No losses

Hey Rick, Just curious.. How do you trade.. Off of fundemantals or are you strictly a technical trader?? Also, have you had success trading stocks???

Not sure I follow.. Can you tell me what you find so funny about that statement??

No.. drive a pickup truck to the office.. I'm an accountant..

Db, I take no offense to your statement.. you've offered a lot of help, much appreciated.. You are correct about the planning issue.. But let me describe what happens to me.. and see if you can offer any other advice. When I start back trading after a break.. I have a plan...