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Right decision, enjoy the break!

Yes, that's why I have been thinking about some discretionary component in my trading. I do trade a little in a discretionary way but very infrequently, except that when I do so it's almost a sure profit. Also, just recently I started to modify entries in one of my system using some discretion...

Everyone does that, especially when trading in a discretionary way. It is very tempting to so even with system trading. I just started doing it, and wonder where it will take me. I guess, I found mechanical trading boring. Fortunately, only one of my systems is amenable to discretionary...

Well, common sense, as Oscar Wilde once noticed, is not that common at all.:D

So why do you trade ES instead of European markets? They certainly have a better liquidity at the time you trade ES. Also what strategies do you use? Most strategies I know seem to be good for the daily session. I mean, of course you could probably use some moving average stuff, but I prefer...

Simple things can be among the hardest to do...

I also had moments like that trading OEX options. They can move fast. I once bought a put but wanted to buy a call. Before I noticed the mistake (should I call it like that?), I made some $200 and got out.

Systems do have drawndowns. That's why I am getting a bit nervous because my systems have been doing quite well for the last few months (backtested and in real life). So I guess some drawdown is likely to happen soon. Fortunately, I use 3 systems, so hopefully it will not be a big disaster for...

Thanks for asking... I did not trade strictly mechanical today, but improved an entry in one of my systems by using some Fibonacci techniques for which I am hated by some :D. Using simple things like that you can sometimes determine where the bottom is likely to be. Today, already during the...

myTrack with SierraChart is only $55 for ES. No backtesting, but do you really need it in a charting software? You can get Amibroker for less than $100 to backtest your strategy, if you really need it.

Open two accounts. For one use signals from one of paid services that trade mechanical systems. They can be faded at times with good success because they are mechanical. The other account should be used for your discretionary trades that fade the other trades. I do not mean fading all of them...

Congrats, Cathy. It was a good day... strong trend in the morning, nice reversal in the afternoon. Yeah, you can easily make money on days like today. On the whole it was a boring day...things were easy to anticipate. Time for my extended nap...:p

Good point...

It might not be such a good idea... give myTrack a try, it's only $55 a month with SierraChart, at least half of what you will pay for eSignal. Additional data can be bought for less than a monthly subscription to eSignal. BTW, I don't know if myTrack suports Eurex, but I would guess it does.

Sorry for taking space here, but I have to correct myself to be completely accountable. I do not have a special thread for that so I will do it here. I made a mistake. My systems' PL so far this month: 9+2+4-6=9 pts. Another -6 from my favorite, but I did not take this trade as the other...

The good news is it becomes risk-free once you have lost all your money. :D Trend trading is one of the best ways to make money, the best trader of all times, I would say, Ed Seykota made his fortune trading only trends.

OK, I can easily tell you what the best trading style is. Obviously, it's mine. But more seriously, it's important to believe in one's trading style, being self-critical nevertheless.

I did not want to say it myself, but I agree with you. First of all, are you sure you trade what you wanted to trade? That is: are you following your plan? Today (Wed) you had a good TICK divergence setup (ca 1:15 PM) with TRIN confirming it (testing the LOD, double well, not reaching the...

This thread is 100 pages long. Where do I start reading it? Did I miss anything by starting on page 100? :mad:

so made 4.5 ES pts today? Is that correct? I got lost in this thread... :D