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I was kind of thinking about that. My trading didn't go south until I started talking about it. Up until then I was a robot. Maybe I will give a weekly recap every now and then, but I think I do need to focus on trading for a while and not get distracted by all the nonsense that goes on here.

I place a stop below the entry bar, but if that is only 2-3 points I will give it a few more. I look for volume of 150ish per 1 minute. The YM has low volume as is, a better way is to follow the ES as well. It gives you a better feel for what kind of day you are in for. Keep in mind I...

Another thought, you need an exit signal before you take an exit. If you take 5 pt profits between commish and losers you will end up net negative. At the very minimum wait for a previous bars low to be broken. If you are well in the profit a trailing stop of say the low of previous three...

You are doing your entries different than I was. You are trading these more as breakouts, and will end up chasing price a lot. See my pic for where I would enter. About today, the nonexistant volume should have kept you out most of the day. You need markets to move for this to work.

OK I look foward to checking them out this evening. Back to work for now.

This should be interesting. A few suggestions... Stick with just pullbacks at first. They have a higher success rate and range trades can be pretty tricky to get right. Pay attention to commissions. They can add up quick trading like this. Make sure there is sufficient volume to...

I was just using today as an example. I haven't done the math, but I know that my trend trades were much more succesful than the others. I've also looked at the last months worth of ES charts and this confirms it. Now I will take the next two weeks to reconfirm.

Yes another excellent point. I've come to realize that if I can steadily average 1pt a day soon I will be fabulously wealthy. That is why I've decided to drop some trades and focus on my favorites. I'm confident that my trend following trades can do this and maybe exceed it. If nothing else...

The range and reversals did OK, but they were also the source of some big losers. I think I will be better of just going with the flow, rather than trying to pick every move. For example, today I didn't take any trades with my improved system. Before yesterday, I would have been wasting time...

I'm trying to keep this as realistic as possible, so I am writing down trades in real time. No trading today, crappy volume. A few breakout attempts, but no participation. My new filters worked great to keep me out of it. Calling it a day early and heading to work. Hopefully when the money...

A few changes I am making...I am getting rid of reversal and range trades, as these are countertrend. I am going to stick with the trend trades until I have them down cold and can trade them under any circumstances. Only when I am well ahead will I even consider countertrend trade. I've added...

Well said Ditch. I certainly have been humbled. I am taking this very seriously and plan to spend the next two weeks in intensive study and practice. Thanks for the advice.

Got my statement, and after commissions I am under 1k, so I am paper trading for a few weeks, and going back to 50 hr weeks. I'm going to post trades in the chat room so it is as close to real as possible. Damn I'm an idiot.

Believe me the next time I get pissy I will remember the day I last 375 hours worth of pay.

Thanks guys. I'd rather not post any charts, just not in the mood. There isn't really anything to be learned from them anyways. They are completely stupid trades and no one in their right mind would trade the way I did. The bad part is that I really didn't learn anything, because I already...

I know what my problem is...I traded like a complete fool. I have great setups, all I need to do is stick to them. Discipline, discipline, discipline. If it sounds like I am taking the money lightly please don't misunderstand me. I accumulate that money at the rate of $8 per hour.

I blew out my account today. :( I was doing great in the AM, up over $100, which put my balance over $4k, or double my initial. I was feeling like hot shit. I decided since I doubled my money I would double my positions. I had a few trades go against me, and being that I am hot shit, I...

I'm not sure why the low ma is and the high is 10. That is what is suggested in the book and it seems to work nice. For the 34 ema, it is just a visual aid, no great importance. I changed many things about this method. For example, he recommends using a 5-10 minute chart. I found it to be...

\ Yep it works the same going long. Note that you need a lower high, and then the high of that bar to be exceeded.

I'm not trading that system. I've changed it around quite a bit and it really doesn't trade the same as he had it.