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    How to enforce discipline

    The only reason for this is you are in a HURRY to make money. Lots of money. I base this on your thread tuning 800 dollars into 250,000 by July. Have realistic attainable goals. Don't press for the big score. Try to be consistent.
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    How to enforce discipline

    When you lose enough money due to lack of discipline you eventually will either give up trading, or you will force discipline upon yourself. If you want to stay in the game there is no choice. edit: If I have the urge to trade something that is not my signal then I will trade it on the...
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    Just sold the Euro!

    I'll alert the media.
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    How to enforce discipline

    Electric shock works every time.
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    The TudorJones official hedge fund fan club thread

    I think it is sad that he will do anything to keep this thread alive.
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    New Traders Please don't ask these questions, please

    Yes, there is nothing better than pumping up hormone levels so you can kick the crap out of somebody after you lose your ass trading.
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    Warning: The Next Wave Down Starts Now

    You don't need my help to be confused.
  8. H

    Warning: The Next Wave Down Starts Now

    It is a two step process. You are not ignoring anything. Don't worry about it. Just continue doing what you do, and I will continue doing what I do.
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    Warning: The Next Wave Down Starts Now

    Since I threw the last chart in, I will also include the bullish % indicator which clearly shows we have be rising since January. When I see an x column in the bullish %, and a bull trend still exiisting, I will be looking for longs.
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    Warning: The Next Wave Down Starts Now

    I didn't make the rules for P&F trends. Yes, if you have an extremely strong bull market it is possible to have greater than a 20% correction and still be in a bull market. All trends are 45 degrees with p&f charting. X's represent upward movement after a reversal. 0's represent downward...
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    Learning to read Price Action with P&F Charting

    Well I hope it helped. I do want to emphaisize that on high range days your targets will tend to be so much higher....typically 4 to 5 points are not out of the realm for false breakouts and 3 to 4 points for sync trades. Strong trend days you can sit on 2 or three trades for the entire day.
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    Learning to read Price Action with P&F Charting

    Yes, even though those trades occurred during the day, I did not trade today. I traded a recording of the day for the first time to show the method. There is no way I will trade one instrument during the normal day, and then post trades as if I traded another instrument in the evening. It is...
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    Learning to read Price Action with P&F Charting

    My brain is now officially fried just like it is at the end of every trading day. I can tell you right now I will not do this again. If I traded NQ all day today, and then did this, I would be ready for the funny farm.
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    Learning to read Price Action with P&F Charting

    End of day reached at 1337.50. We close our trade with a profit of 3 points times two contracts or +6 points. cumulative for the day 1.25 points. When you consider commissions I am sure we are at breakeven or less. Low range day. Low range profits. That's all folks!!!!
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    Learning to read Price Action with P&F Charting

    Failed double bottom buy triggered. We are in 2 contracts at 1334.50 with a stop at 1331. Target is 1338.75
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    Learning to read Price Action with P&F Charting

    Stopped out for a loss of 3.75 points. Cumlative for the day -3.75. we now have a 2 contract order placed at 1334.50 in case we have a failed double bottom on the green chart. We also have a sell order for one contract at 1331.25
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    Learning to read Price Action with P&F Charting

    Next trade is a sync trade with everything in a buy signal. this is normally a good setup. We are in at 1335.25. Stop will be used on a double bottom sell signal on the .5 which will be 1331.50(we are using this because if we used the .75 we would have to go down to 1329. Target is the top...
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    Learning to read Price Action with P&F Charting

    as it turns out we exceeded the red line and it would have been a much better trade.
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    Learning to read Price Action with P&F Charting

    If you notice the red line in the green chart that is a previous pivot point. In a trending day I would have made that my target, but today is obviously a chop day so I am shooting for smaller targets. Anyway target is hit for 2 points. cumulative for day is 0
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    Learning to read Price Action with P&F Charting

    Breakout occurs. We are long 1 contract at 1330. Our target is 1332 because we should reach the next highest column of x's which is at 1332. Our stop is at 1327.50. We also place a two contract sell order at the same price in case we have a failed double top.
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