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Good post... YOU MUST LEARN TO LOSE...especially if you're going to day trade. It's just part of the business.

133T chart...

Hi...personally, I think 10 minute bars are a little long for if you don't hold overnight anyway. To give you an example of why I say that, I'll post 2 charts. One is a 10 minute and one is a 133T. You'll see that you only have a couple of channel breakouts using the 10 minute chart and 5...

The significant low in the last n minutes? Yeah, I think you just have to eye-ball it. But I don't like to fade anything, so I would rather enter on a stop (mental or otherwise) in the direction of the trend I still think is in place. Either after the break on the way back...

Well, like I said, the software draws everything. I don't use time, but you can with a Fibb Ruler (see pic). Glad you like the charts and thanks for asking questions. That's how I learn the most.

Well, I'm not actually trading the signals. But, I'm definitely going to be studying them this weekend. You're trading 61.8 and .5? What about 23.6 and 38.2? Yeah, I think those two numbers have the most success. What happened to n channels? You still trading them? No...

Here's the second...

Here's the first one....

Ditto...:D

Which one? The first one or second one? It should be right, though. My software draws them automatically.

Right, I like to average. Say for example I have 5 losers. 1. 5 bucks (commission) 2. 30 bucks 3.40 bucks 4. 5 bucks (scratch again) 5. 18 bucks Average loss $19.60 So if I want to average at least a 3:1 profit/loss ratio I'll try to make at least $58.80...

Hey inandlong...why does it keep showing "cut their losses to soon" when someone uses my post in their post. I edited it to "cut their profits to soon" long before Profitseer posted and it still showed up "cut their losses to soon" in his post? Anyway, for further reference. I didn't mean...

Actually, that was a typo...I meant traders cut their "profits" to soon.

I don't think you have to worry wally...:D This has been working since Leo figured it out 800 years ago and it'll still be working 800 years from now when you and I are long gone. Anyway, I've always believed the the reason most traders fail isn't because they don't have some secret...

Damn!...two more 61.8's and a scratch .50. That's it, I'm going Fibb. He's the man!:D

Oh yea, I wanted to thank you for that...hehe

Hmmmm...never thought about it like that...hehe

I had a couple of nice 61.8's and a .50 this morning. Darn, If only I had been watching...hehe

The last hour or so...chop, chop

Actually, the first 40 minutes was pretty good on the ES, but, since then it's been crap.