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Tampa If you dont call an 8 pt. move almost straight up in 12 minutes an impulse move then you are right. We definitely disagree.

Very nice, Allen. Thanks for taking the time to post this information.

Tampa It appears to me that you are just using 1 minute flags rather than "short skirts". There is a difference. The only thing I see on the ES chart from yesterday that I would call a short skirt would be the pullback from the 10:35 bar to 816 at 10:43. Using 3 pt stops on 1 min flags is...

In my opinon absolutely nothing will prepare you for real trading. Find someone who knows what theyre doing and trade along side them. Watch for awhile then trade small.

My understanding of this setup is that the exit is generally at the previous hi/lo that your pulling back from. This is usually where I get out. I do not enter before it turns and my stop is over/under the turn. If you catch one early in the day I would let it run. Later in the day settle for...

The problem with these "gems" is they dont mean a thing until you understand what they mean and you dont understand what they mean until youve done the opposite so many times that they become ingrained in your brain.

Tampa I am sorry to hear about your health problems. You must still be fairly well off to take your trading so lightly. Maybe that is the problem. I recently found out that the company I was planning on retiring from is going to shut down in 2003. It has taken my "hobby" to a new level as...

LOL Nitro. I see a business model here. An enforcement squad. Having problems sticking to your plan? Sign up and we will break your arm if you do it again.

"Perhaps I am in a poetic mood" It happens to a lot of us. Especially on weekends and after a couple of Buds:)

Theres no such thing as a free lunch, Im afraid. Tradingfrommainstreet and AllenZ's rooms are both under $200 bucks I think which is really pretty cheap and those are good traders. Realitytraders is a little more expensive and LBR's room runs $350 a month. Nihaba Ashi has a free room but theres...

If I had to do it over again I would find a good chat site (there are several) with a reputable trader (an actual mentor would be much better if you can swing it). I would paper trade in that room for two or three months until I was making money consistently then start trading small. I could...

It was kind of spooky when I read your post that started this thread because just a few days ago I almost did the exact same thing. I had actually written the post and the similiarity was alarming. I was going to put it in the psychology forum because I did not want to discuss the technical part...

m22ua Ive been buying bullion coins whenever they drop to the 300 area and the premium is reasonable. Eventually they will break through the $325 resistence and then we could see a nice move.

Its true her hit rate is phenomenal but its because of 20 years experience. She is watching everything. The average trader using a 3 pt. stop and 3 pt goal is going to get killed.

I was in Lindas room for awhile and true short skirts didnt come up very often. Theyre not as easy as they look. Good luck tho. I will follow your journal with interest.

You really need to have very exact rules for entry and exit. If your using "descretionary" to mean you will jump in and out whenever you think you know which way its going for the next few minutes you are probably going to get creamed.

Don't worry about it.:) Seriously G.G. you are over analyzing this business.

6 pts a day with 10 contracts = $1200 a day =$240,000 a year. Hmm, yeah I think I could make it on that.

I had a lot of problems when all I had was a 56k. Stalls and lost connections. Im not sure why it would cause you to lose your connection but it did me. I used to lose my connection three or four times in the course of the day. Now I get my data via satellite and all I have on my 56k is IB and I...

aphie I see a great future for you ala Mark Douglas or Tharp. I can hardly wait till you start trading. I want to see what happens when theory meets fact.