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Not doing anything currently. Will share once I spot something. Will be mostly intermarket spreads so like CL against ES kind of stuff.

Many Thanks Shanb about the visualization tip. Its a very practical and concrete advice. When I was in high school, I used to do it and it proved to be very useful. You just made me remember that. :) Btw, I don't have any problem at all regarding my discipline about trading all valid signals...

1. Zen, do you have some reference text for cycle analysis? If yes I would be interested. 2. I have heard from 8 different people that I did 16 unplanned trades on Thursday. I have put a stat to measure number of unplanned trades I did. I have stated resolutely that I am going for a 'Zero...

Hi Logic_man - Very useful post. Thanks indeed. Those unplanned trades were a blunder. I am confident that I won't take any such trades going forward. I dipped my toes into E-W theory 2 yrs back but left it after working on it for a week or so. Currently, I am going through logical trader...

Yes, I shouldn't have been in Euro and Aud both - so highly correlated. That was a mistake. I haven't done any analysis of cycles in markets. Most of my trading is around intraday setups. Why allow yourself 16 - This has been a problem for a few months, but I have overcome this problem to a...

Hi LF, Nice seeing that you are reading me :) With my experience of previous journal, I strongly think every trader (especially when he is learning to trade) should keep a journal. I will list the usefulness of a journal reporting weekly equity here for everyone's benefit: 1. First, you...

That is so true. I agree with your methodology to just concentrate on technical damage and price action around important support/resistance levels without paying any attention to news. I also subscribe to this methodology for say 230 days out of 250 trading days in a year. But I would like to...

You raise good points and I would agree with most of your points most of the time. However in this particular case, NFP has disappointed by a huge margin and this disappointment has happened after many months. As a general guideline, any sharp opposite direction movement in any market that...

What I don't have is rock solid discipline. On Thursday after losing and then winning a trade in ES, I should have stopped as I had no other setup. But I went on to have 16 more trades, paying 4.02 commissions every round trip. that is 64$ right there. I also managed to lose a bit more money on...

Thats a good suggestion. I would add these parameters from the next week onwards. Happy Easter to you as well!

No problem mate, all these different viewpoints and challenging/counter-challenging/refuting them are essential for one's skill and logic development. Appreciate your pointing it out for me :) Have a nice long weekend!

Update for week 2 ending Apr 6, 2012 : +200$ for the week. Started badly on Monday and Tuesday, took highly correlated two positions simultaneously on Monday and ended up losing 5-8% on both of them. Basically had gone long after 90 pip gapup on AUD on Monday and long Euro also. By Wednesday...

Pardon me, but I would like to challenge you and everyone else on this gap fill hypothesis for gaps that have been left few weeks or months behind. I have not tested it, but I cannot imagine any special reason for such gaps to fill or even any significant to such gaps. In my opinion they are...

Agreed. 1350 is the minimum target now, possibly even below. Shorting at market open on Monday will prove to be a golden short.

Thats so weird. Yes I am using TWS. My account has less than 3000 usd in it and attached are two executions that I had today. I do it all the time. Not sure what is wrong with your TWS - maybe you haven't updated it for a long time -- just guessing. TWS must be giving you some warning when...

ran a quick number in last 2 yrs and 3 months, so a total of 27 months, number of outside days were 55, so roughly 2 days a month.

Thanks Bigsnack and Redtankera for your commentary. Very useful.

Thanks B, your charts are always very informative.

Good points, so how do you read today's market action. I saw it as a weak open compared to yday close but immediately price bounced up wards and went to almost yesterday high. That was a very strong up signal for me - and so I am biased up for the day, unless things change.

long 1394. The way I am looking at this market is that - Intermediate term trend is lower, however the price today has made a very clear low in the morning and has strongly bounced back, so the possibility that we will end up higher for the day from here also is fairly significant. I...