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You realize that even if the analysis is correct, in 10 trades you would have 7 loser for -7 pts and 3 winners for 15 pts, or net 8 pts in 10 trades less commissions and slippage. Add to that the fact that 70% losers lead to long losing streaks, I don't see this trade just from the financial...

<b>One month down - results unsatisfying ...</b> <p>but not unexpected. Transitioning from a trading 'hobbyist' to a 'serious' trader makes you see the natural pitfalls inherent in making trading a hobby. I think it starts with the process. As a hobbyist, I was more focused on system...

But never easy.

The volatility required to generate that return makes your risk of ruin so high that even if you get lucky in one month the strategy could not be maintained.

I think the point is that if you do not feel comfortable in a trade, you probably will not trade it well, causing unnecessary anxiety and unneeded draw downs. That is (?) the essence of the psychology component of trading.

If you browsed my blog, you'd know I started trading OEX options, so this might be a good level to buy a put. But I'm strictly futures now, and have been burned way too often trying to pick tops. LOL

There was some discussion on that a week or two ago. There are only a couple of gaps in the last 30 years that are unfilled, and they are off extreme valuation levels, which we are not at.

I know it well, cut your profits short and let your losses run. Been there, done that, NO more !

The reason I closed the trade had to do with the triple tick high you can kind of see on bigsnacks chart. 8:48 (PDT) 662 9:23 703 9:54 890 This is usually a good time to close. If I like the long, I'd try to reenter, but I did use the pattern and divergences to stay out, not to...

Noticed that too. Also momentum and volume divergences on the third leg. But alas, I have given up on those kinds of patterns and divergences, although I did close out my long trade at 1325. (Real time results on twitter.)

Joman is absolutely right. I started this strange journey many years ago playing poker. Now I was an amateur player for years, probably breaking even minus expenses. Than I decided to get serious and bought some books and played hundreds of solitaire hands. Than I took $5000 and started...

I assume you've never traded. What edge can anyone possibly give up by showing their trades. I do it in real time, but even that is after the trade. By the time a human can process it the best trades will never trade at that price again, so you'll end up getting all the losers and only most...

Did you do any analysis to quantify this theory, or is based on 'observation'.

In futures trading you buy the bid and sell the ask. Here is what the string looks like in code: string str = qty.ToString() + " percent " + e.Order.Side.ToString() + " " + e.Order.Instrument.Name.ToString() + " " + e.Order.ExecutionList[e.Order.ExecutionList.Count...

I just started browsing around here a couple of days ago. This is what I told a young Jedi trader: http://www.elitetrader.com/vb/showthread.php?s=&threadid=217179&perpage=6&highlight=jedi&pagenumber=2 Last entry on bottom of page. I think he busted out after less than a week.

I post all my trades in real time on twitter at http://twitter.com/cashcarewins . Real time means the twitter feed is connected to my trading platform so I don't have to think about posting them. It's a 90 day experiment, you can read more about that and what I am trying to do in my...

That's what happens when you trade when you can and not when you must.

That sets up buying, but I would like to get closer to 1309. I have a sumtick that I developed that shows we are coming off extreme levels (thicker lines), which is bullish when it goes negative.

You marry this trade yet?

Every mkt has its own characteristics, as does every trader. People have to find the mkts they trade the best. I like the ES because of it's high intraday volatility and liquidity. FX mts traditionally have longer trends. I've never known a successful trader to say one is better than the...