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bronks, the hardest problems you probably face are psychological problems. you cant overcome them with information/knowledge, i think, just with experience, routine... look at that basic lesson. its about reading + classifing market action...

trend fader, everything you said is totally right. but you say this from a point at the end of (or beyond !) that learning process and bronks is on the starting point of it. i think, it is not possible by now for him to really implement all that elements. at that point he is struggling...

if you want to know more about reading + classifying market action, you can find here a brief lesson from linda raschke http://www.mrci.com/lbr/charts/20011111/index.htm :) trading

i LIKE to think/dream of the markets as a never ending process of evolving pattern ("trend" is the greatest pattern of all). :) take a look at the USD/EUR chart over the last 2 or 3 years. isn't it great ? :) trading

Overall financial goal in trading ? Sum of profits coming out of your winning trades (minus) sum of losses coming out of your losing trades (minus) commision > 0 Sum of losses: hit rate and average loss are correlated, means, if you try to lower your avg loss/stop/risk, your hit rate...

hello bronks, you did ask for it, you get it :) beside the great advise you did get, just 1 small thing on rules. if you try to trade a pattern related setup like "retracement" or "flag" or "wedge" or "breakout", you always trade the anticipation of it. think about it, it is not...

ladyluck i think it is simple. take the NQ today on 5min. assuming that there will be a uptrend that day, you had a retracement after the swinglow at about 890 at 11.00 (you could have entered with a buy stop order at 895 perhaps?). a test (in the direction of the trend) came in at 13.15 at...

bronks, perhaps you nedd to make yourself a kind of "roadmap" for the session ahead. what do you expect ? what kind of market action ? consolidation, trend, range ? here is some basic advice from teresa lo, and it also a complete trading plan: "I think most people simply don't realize...

Huios, my opinion is that you have to enter your stops in the market. be consequent. this procedere might creating some problems/frustrations by getting stopped out to early etc. but the source of this problems is surely not the fact of entering stops in the market. and if you are not able to...

hi bronks, the average high-low range on the 5min bar in the last days on the NQ was about 5-10 points...perhaps you have to pass by this high volatile environment and wait for calmer times...this is not the time for "testing"...perhaps wait for "the reversal day" and then just jump in and...

i agree :) but what is about scaling in or "pyramiding". i have seen some calculation on this and it looked pretty good. it seems that you can screw up your RR, but seems to work only on longer moves in your direction. goog luck

huios, great ! 2-3 days like this a month and you have made it :) i was trying to get long somewhere around 10:30 / 918...stupid i think you have read van tharps book where he said, that scaling out is nonsense. what did you think ? good luck

hey bronks, i meant papertrading, just to relax a bit. watching the market without trading, can be helpful sometimes, watch yourself watching the market....repeating patterns and repeating emotions, linked to these patterns. can be interesting to observe. good luck

yes, or like linda raschke expressed it: "treat each timeframe as a separate market." :) trading

hey bronks, now you are down 10%...seems not so much, but this is critical, IMHO...you are in the need to make it back...as fast as you can...it is urgent... thats a bad psychological base...understand, that there is no way to make it back in 3 days (only luck). it might be the point to...

if this is a h+s top, what would be the target ? something about 400 or 500 pionts....:confused:

hey bronks, listen to miki, he is right :) better then to go to a chat room is to step back one week, come down, try to get rid of that "overmotivation"...dont get me wrong...you need a break :) trading

huios, just one tactical thing on entry. if you watch 1min, you can see, that the market is always ticking back and forth...if you want to go long, enter when market is ticking back with a market order (and vice versa). it is a good exercise, cause it feels "not right"... someone said, to...

me too...:confused: :mad: :confused: and this TODAY.....

huios, you have come a long way baby...:) your setups and everything, well worked out. you are struggling with fear + greed...perhaps cut down your size until you are really really confident in your setups...another point: i personally try to make myself a picture of the coming session...