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Trend Fader said it all, man. I know you've been around for a long time, you must be leaving something out of your post.

Tell us about it!:D

I get the same feeling sometimes when I think about my initial string of losses when I first started out with the indices. Even though I have a totally different style of trading now, the brain doesn't want to lose. The inner dialogue goes like this "Brain, can't you see everything working...

Thanks for sharing your trading with the board. I like your plan. In fact it's a lot like my intraday plan for the NQ (Pete's Place) in that we both trade pullbacks. If you are considering suggestions, I have noticed guys here on ET that trade stocks a lot always keep around 1/2 long...

I spoke a mistruth: there were a few pullbacks in that rally. What I meant in my previous message was that none of those pullbacks were of the variety that I have in my sights. A pullback has to be on the 200, 300, or 875 tick chart, and it must touch the 18 SMA on those charts. I...

Today's action shows why I trade both day and swing trade positions: the swing was a scratch but the day trade pulled in some bucks. This helps me a lot psychologically. I'll get a few good swings once in a while, but it sure is hard to keep my head up when that's all there is. The details...

Exactly.. pick your analogy, Russian roulette, or perhaps walking a tightrope with 99.9% accuracy. It works most of the time, then you die.

Since this trades the open a couple of indicators or helpers come to mind: (1) classic pivot points. yesterday's high, low, close may be good enough. Funky started a thread about this. They seem to work nicely around the open. (2) Advancing/declining issues. Many times you'll get a pop...

Here's something else to look at: Winning is the Only Thing, or Is It? Oops, looks like they change the column every day. So the applicable story will just be there today.

They say a trading method should suit the trader's personality. Using a failed trade as an entry signal for the reverse trade makes me feel like i'm chasing. In my own trading, sometimes i'll get a short signal right after a long one (or vice versa). I take these (when I see them) and they...

Great thread. Sometimes it takes a while for the good ones to get going.

Read this thread: My Story.

There are several key things I had to learn to become profitable: Develop an ambush mentality, rather than predictive. The purpose of the system is to capture a particular type of market action. When the market acts in a particular way, it makes money. When it doesn't, it doesn't make...

Starting Monday i'll be limiting by trades to just TWO per day, preferably one in the morning and one in the afternoon. This was pretty much my recent average anyway, but I hesitated to put a hard limit in the method for fear of missing out. My wife reminded me that my "fear of missing out"...

I wish I had some sort of way to incorporate volume into this. As you can see I watch the volume on all my charts. I believe that all of the price based indicators are just redundant info and try to stick to the chart. However, volume is a separate piece of data, currently unused. On the...

When I first started trading this (simulated) I had the idea to make one contract a scalp, taking +5 pts on it no matter what. Turns out it wasn't a good idea, in the long run the money comes from hanging on. If I could get the win % up it might work, but I haven't been able to.

If you read the pullback method document it talks about three levels of pullbacks: when the pivot is above the 9 sma (for longs), between the 9 and 18 SMA, and piercing the 18 SMA. If you trade all of these on multiple charts you will be innundated with entry signals. Also, a "level 1" on...

Indeed this is true DB. It's important to ask why. I missed the short signal at 1380 on Weds. Yesterday I wasn't around for the short signal at 1348. So at this point it looks like the problem is not the method, but the dope behind the method. I did not trade today but like every day I go...

I use Farr Financial for my backup. They charge $20 /rt for futures. Heinous, but they don't charge you for not trading, have a 24 hr phone order desk, and a wide variety of futures products. I'm not sure if they have any European stuff but I know they carry all the U.S. futures. Since I use...

The next topic to address is exits. Once I get one of these swing trades to stick i'm sure we'll have some lively discussion going. But briefly, every day I note the best trade of the day the method could provide (whether or not I took it), the next (continuation) signal, and the best exit...