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Trade #3: I was buyer of the 5-min upside bar break despite the lower trend line break, because price found support around .50 twice, had been printing higher lows and hadn’t reached the 5-min 20EMA yet. I came very close to scratching the trade on the second test of that LTL becoming...

Trade #2: Another continuation short for me, this time with a real trend to be continued. I did have some concern about “the precipitous drop and then bull support starting @ 89.77”, but there was an overnight low very close by to be tested and usually when price gets that close, that LOD...

Trade #1: I trailed a sell stop for a continuation short. This wasn’t a “pure” trend continuation setup because there was no strong well-defined trend to continue. But price hadn’t yet reached for the .50’s and more often than not the .50’s will be tested, so the risk:reward...

You guys really have your technical PA together! All three trades were losers for me. Charts and explanations follow.

Chart #3:

Chart #2:

I'm posting prices on the charts now, so those of you with access to futures charts, DON'T CHEAT! :D Chart #1:

Yes, another 3 charts will follow. Doing this made me realize that it would nice to have a price action workbook with challenges like this! Maybe it's time for a new thread under Educational Resources with hard right edge challenges, since that's what we day traders do all day :p :p :p

This is another mindset problem for you to work on: The belief that you are proven right or wrong based on the outcome of a trade. The only trade where you're proven right is the trade that fulfills your entry rules and is managed according to your exit rules. Whether the outcome is a profit or...

You've nailed it with your first and last sentences above. Trading for a living is not about feelings, it's about hard stats. Feelings are fine if you're taking a fixed amount of money you plan to lose to the casino to see if you can get lucky. The reason your emotions are getting in the way...

Are you a fellow Brooks cult member? :p :D :p

Chart #3 followup:

Chart #2 followup:

Chart #1 followup:

Chart #1 was a buy for me, continuation in a well-defined strong trend. Chart #2 was a sell for me, continuation in a wide channeling trend, pullback to a resistance zone. Chart #3 was a sell for me, continuation in an extremely strong trend. I'll post the follow up charts. Nathan...

Chart #3

Chart #2

Chart #1

I really doubt you'd trade someone else's picks even if they had a track record of consistent profitability. Good, aggressive technical day trading is difficult because it "feels" weird. If I was talking to you in real time and told you to place a stop order or limit order to initiate a trade, I...

I prefer to look at the history of someone who follows classic technical analysis concepts to stay in the game for the long haul. Linda Raschke comes to mind. "Raschke has been a full-time professional trader for over 30 years. Linda continues to trade every day. Her Hedge Fund performance...