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Everybody and their brother was waiting to climb all over that grail bullflag sitting on the trendline. All it needed was a trigger and I guess the gap did the trick. <img src="http://www.elitetrader.com/vb/attachment.php?s=&postid=1255962">

The whole purpose of a method is to eliminate the guesswork as much as possible. Trying to outguess the market is not the way to go. Wait for the signals and follow them. My 2 cents. edit: i rest my case:)

Ive asked a couple of people who are supposed to be bigtime traders to give some proof but no luck so far. Having given this some thought I realize now that it doesnt really make any difference. The person might be a great trader but you might never make a dime with the method and someone who...

On the other hand you could use the default macd crossing the zero line on a 2 min. mini chart and use the 3sma +2 for entries.:)

They are two sides of the same coin. Everything in trading is a compromise. Decide on your exit strategy and stick to it.

I resemble that remark.:(

One thing Ive learned is it is unwise to make broad generalizations about trading and traders. Ive tried most of the data/chart providers and I prefer QT/IB to any of them.

You really expect your software to correct this problem?

Thanks snarly but since this is the first losing day in the last couple of weeks Im not ready to make any changes. Looking back at todays chart it seems impossible that I could have lost money. Obviously the problem is psychological. Some days you just dont see things clearly. I drank cocoa...

When you go back over the day and mark all the places where you should have entered and exited it seems clear as a bell but in real time things are not so clear. You often have to anticipate a bit in real time before the actual cross and if your anticipation skills are not working you are in...

I stopped trading when I hit my loss limit which is approx $100, or two or three losing trades in a row. I have noticed that there are times when you are totally out of synch with the market and no matter what you do it is wrong. Today was one of those days for me. I have not been using targets...

Hope you guys are doing better than me today. Looks like Im headed for my first losing day. Nothing is going right but some days are like that. As long as there arent too many of them its not a big deal. I stepped out for a bit and missed the one trade that would have made money. Think Ill take...

Why does everybody slow down at a car wreck?

Ive gone all the way through some threads a lot longer than this one in search of info. One short cut is to search all posts by Trader28 and read the ones connected to this thread. An hour or two at the most.

Sorry Charly. I think Im through coaching. Im getting PM's asking questions about stuff that has all been covered here as are all the questions you just asked. Its all been answered several times and I have posted numerous charts. My comments if any from now on will just be conversation. If...

snarlyjack hindsight is 20/20. There was no signal to catch that first move down but I did take the pullback short at 9:50:32 which was a legitimate signal according to the system. All you can do is set your rules and follow them otherwise you will vaccilate endlessly. p.s. Im on eastern time.

I think I got spoiled by all the nice action the last few days. We broke the high shortly after my last post and I took two more trades both stopped out at BE. All four of these trades went at least 10 ticks in my favor. Still, I dont think I need to change anything. Nothing is going to work...

Tough day. Barely positive after two trades. Should have gone for smaller targets. No more trades for me until we break out of this little range.

Trader28 has traded the default settings for quite awhile and testifies that they work, so what does everybody do?: They immediately start changing all the settings. I have only been trading these settings for a few weeks and I will testify that the default settings work very, very well. The...

As I understand it coach only uses the 10min to decide whether to hang with a trade or not. I dont look at it at all. I think noise is a relative term. No doubt swings on the 2 min. are noise on the larger time frames but then I would say ticks are noise on the 2 min. timeframe. You are...