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I don't think it was psych issues today. Just couldn't catch anything. I kept trading because i didn't feel i was taking bad trades. O.K. so the question i ask myself is - what IF it was a psych issue ? What mistakes or opportunities did i miss due to my state of mind ? Hard to say after...

Thanks RN, Over the years the books have always said something like, "once you find a strategy that has an edge the hard part is the discipline to trade it. This book will teach you the discipline...." My reaction was always , wait i bought this book to get that edge ! I can handle the...

GL trading guys. watched the chop now off to a seminar for the day.

So the last short i exited too soon ran another 30 pts in less than 15 minutes good news is i held longer than normal and i'm beginning to see things that will help me stay in next time. in theory anyway, right ?

This move is killing me. same story -covered my short 4 minutes before the plunge. oh the profits i should be enjoying :(

thnx BMW for the trade detail . Nice job ! Never fails. i leave for lunch 'cause mrkt not doing anything and it collapses.

Triangles.. I keep seeing 'em. Big triangle on the daily ES too

Good morning doctors ! And we are doctors of trading because .. we have patience !:p

Art, not sure if you're asking me. I trade live w/ Ninja/zen fire through Mirus futures. Very happy w/ the set up

With all i've read over the years about how trading is primarily mental i still am not 100% convinced. maybe it's 50/50 psych/skill. All i know today is that my skills were not enough to trade the market. That didn't stop me from trying though. A little more knowledge may have led to a little...

nice job guys. Feel free to post the trade detail rather than just the summary. :D

NQ formed a triangle yesterday for first couple hours. Seems to be doing the same today.

and i'll add that in most areas of life when you don't succeed you just try harder. In trading trying harder usually naturally results in making more trades. The correct solution is usually the exact opposite; to make less trades. IMO

Thanks guys. 'Patience' was one of my first ah- ha moments. Don't try to catch every move and don't feel the need to understand every move. Still working on it which of course is the discipline side.

Instynct, Any plans on increasing position size ?

Take profits at LOD or hold ? Ideally that would be a rule in my trading plan. Next best would be exit half (or other fixed amount) of the position. My 1 car strategy is try to read PA and stick with trend. Today a MFE +12 results in a +7.25 exit after LOD held. 2 trades today ...

well, the 5 min ema was up. i understand what you're saying re: my entry timeframe. I generally feel like i'm chasing if i wait for more confirmation from a sloping ema. It's an entry technique i'm not good at. Yet. I'll PM you in a bit.

"It might do this instead this time" That's what i was thinking. It may not give the trigger i want this time so just get in. Wrong ! I hate to reveal this, but the holy grail is....patterns repeat. At least that's the theory for today. Patience and trust my ability. And don't compound...

i know that entry . I impatiently tried twice to get in before and stopped out. Good trading guys !

RN, Thanks for your time and advice. I used to use 3 min for higher TF and 1 min for entry. Recently switched to 5 min instead of 3. (I also use some other higher TF for more big picture.) Anyway , i think my traders mind is finally starting to get the interplay between the TF's. Alot...