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Posts i found informative which i will review in the future. Quote from niko: I would cancel the buy stop, because the RET did not go and instead this is turning into a TR, so I will reassess and avoid being sucked inside a TR on a fakeout, as would have been the case here. Am I wrong...

DB: The exact low of trading range is 67.75, the stop entry price is 70.75. But the loss would be still 2 points if exit at the bottom of entry bar, middle of trading range . Maybe i misunderstood what you wrote in the above? Thank you.

game: You are trading very well. Thanks for sharing. I need to ask you a question: Why does your checklist let you long around 8:52 and short around 9:11? i bought ES at 9:04 the range top and sold ES at 9:11 the range bottom which i should not have taken. I am very curious the reasoning...

DB: I need to ask you a related question: Suppose before the open, i have a buystop @70.75. It is clear that I need to think in advance what i should do if the buystopp are triggered but price does not move upward as anticipated. But i have difficulty to find a reasonable sell stop price if...

Week1 4th day of 15-day sim-trading ES. The purpose is to build good habits to follow the plan and setups consistently. Focus on entry more than exit; step by step. Today Globex ES BO above the large box top 1666 and entered upper large box. Had 3 losing trades, 2 good trades, 2 trades...

smallStops: Still in the process of modifying the setups because in real trading i realized the areas i should modify and i believe i will find other aspects of the setup to be modified in the future. Did not do exact backtesting, however the process of iterative modifying is part of...

Week1 3rd day of 15-day sim-trading ES. The purpose is to build good habits to follow the plan and setups consistently. Today I watched 5m(RTH)/2000T candle charts (globex) and 1m bar chart for entries. I had 5 losing trades buying the top and shorting the bottom of opening TR. But i was not...

Frenchfry: Thanks a lot for your kind help. The part 1 has a lot of information already.

Our first lesson is the use of labels. We see the subject adopt the nomenclature of technical analysis, which is unhelpful as it is not sufficiently precise or descriptive, and does not show any qualities of market structure - therefore of no assistance in the goal of short term prediction of...

Frenchfry: I got the 2nd docu's part 1 channels for buidling wealth but part2 has a problem when being extracted, while .rar was gotten in the link http://www.elitetrader.com/vb/showthread.php?s=&threadid=203194&perpage=6&highlight=documents&pagenumber=20 Please let me know if you know...

Mistakes on Entry: As shown in the chart, when it is in a TR 8:45 to 10:45 (clear it is a TR around 9:45) after down trend, i long the TR top half because i was looking so hard for trend reversal. It is ok to anticipate trend reversal, but either to do nothing or to treat it as a TR...

Frenchfry: Thank you very much for your kind help providing the link. i find great value in the material DB has recommended to me and it will take a long time to master it. The purpose of learning is to understand markets. I believe both the material DB recommended to me and Jack...

Blotto: Thank you very much for your time and advice. I agree with you that i need to find a way which fits me. First I would like to share my thoughts on all advice given to me. No matter who gives me advice, experienced traders or developing traders, not only i believe in the value of...

Jack Hershey: i guess you meant up trend and down trend by saying a long and a short. If i am wrong, please let me know. Based on what i read, a up trend is a move with higher highs and higher lows;a down trend is a move with lower highs and lower lows. Would you please share the link...

Entries and Exits : http://i.imgur.com/9Dzf7J6.jpg & http://i.imgur.com/XgKouu3.jpg Missed BO sharp down move. the first long is 2nd PB long after breaking small down TL. But the entry is below small up TL, bad entry. I should exit based on PA but not wait until being stopped out. Automatic...

Week1 sim-trading ES Monday 10/08/2013 The second day of 15-day sim-trade, the purpose is to build good habits of following the specific action plan, trading plan and written setups. Context: daily: near TL in a up trend since last Nov; near TR bottom of 66 to 70...

Clarification: I found out the above link from NoDoJi's post. I like it very much, to share with other traders.

Week1 sim-trading ES Monday 10/07/2013 Two trades: one long, one scratch short. The first day of 15-day sim-trade, the purpose is to build good habits of following the specific action plan, trading plan and written setups. Context: daily: near TL in a up trend since last Nov; near TR...

jack hershey: very interesting material! I would like to learn more but not sure where to start. I like to focus on sim-trading ES and observe NQ, but not many markets at the same time, Will those wonderful materials be suitable for my purpose? I like to learn step by step, starting from...

Mademan and DB: Thank you very much for detailed description. I understand it much better than before. Sorry Mademan. I missed one e in writing your name in my previous posts.