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(on my blackjack so i can't post pics) sorry i'm confused. by "indicators" do you means MAs? That's all i'm using. 17hma is too slow? i will have to play around with this. i was actually considering that it may be too fast earlier today. i'm not sure at this point how to know when to...

I had the worst trade of my career (I think) today. -32 ticks in a single trade! I still need a better stop loss system. And I had a bad trading day today. -98 ticks after commissions. That's following PBP. Not following PBP and just taking every trade was much worse :) A lot of...

True. I backtested some simple strategies at stockfetcher.com. Simple stuff like MACD crossovers. It produced losses. So i retested it using the opposite position (switch short/long). It still lost. Makes you think.

the carrier is AT&T. I believe there are a few different data packages u can get. i think one charges you per kb that u download (this option is a huge ripoff because opening an email or loading one graphic-intensive wepage (like this one) would put you over the limit and could cost you a lot of...

i'll try to post a chart on Monday. i'm out of town this weekend and posting from my blackjack right now.

wat? You can drink potions that make stocks close higher or lower than open?

Targets were just when the FastMA slope changed which is why I did well on this trending day. Re: trading trending days and avoiding choppy days, how does one know in advance what kind of day it's going to be?

Holy shit +199 ticks in 13 trades today :eek: Better than yesterday which was -40 ticks (adding in the one I forgot to mark on the charts I posted) with 9 trades. Then again today was a huge trending day. If only every day was this good.

I use a stop either 1 tick above/below the last high/low (sometimes results in catastrophic losses) or when the slope of the FastMA changes (sometimes this happens before the "natural stop.") As for "I knew you could do it," thanks! But I'm not doing anything differently today than I have any...

Long: 12424 Out: 12473 +51 Long: 12459 Out: 12502 +43 Long: 12514 Out: 12510 -4 Long: 12514 Out: 12504 -10 Long: 12515 Out: 12536 +21 Long: 12529 Out: 12521 -8 Long: 12528 Out: 12529 +1 Long: 12541 Out: 12541 +0 Long: 12544 Out: 12577 +23 Total 117...

btw this morning has been fantastic so far :D

What indicators am I using? I'm using a moving average :confused:

Entering is the easy part (for me).

So you are a discretionary trader?

I know. I hate those single instances of a new-colored candle. I guess while technically 1 red candle counts as a new low, it's a bad move strategically to take the trade. Looks like I also missed a trade between number 2 and 3 that would've been about +11 ticks.

I'm using SierraChart. Sorry I've never heard of OSO, but it sounds useful. My stop loss plan was defined above: Stop loss: a) FastMA slope changing b) crossing above/below the "natural stop" set by previous high or low. A lot of trades today went in the opposite direction of my...

So did anyone else fail miserably today? I could have taken profits sooner, but taking profits too soon yesterderday (+5 ticks) lead to a loss for the day, so I decided to leave the trades open until the FastMA reversed today. I can't win :D Morning: Afternoon: My worst day...

What is OSO? btw I'm still getting destroyed today :( Charts to come at the end of the day. What are those colored horizontal lines on your chart?

For you guys who said "good trading" to me about yesterday, you know I finished up the day with a loss, right? Although that reminds me of something I heard from Dr. Elder (on an audio version of one of his books). It said something like (paraphrased) "Successful traders don't worry about...

<noob> What's a car? Slang for contract? </noob>