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Great journal. I love this approach. The more I learn about successful traders the more I see this simple approach is almost unbeatable. Just simple S/R, trendlines and entry and exit rules. What is account value? I imagine once you net small amounts like this for a while you don't fear...

This is no doubt a very robust system..

Yea so account back on Sunday... don't know what they do and I have never seen that before..

So, of course I've slown way down to take some time to really etch out a winning game plan. I wish I had done this in the beginning, but of course with that thought of never truely knowing the outcome of a trade, I thought that if I took trades that are low risk I couldn't go wrong. Turns out...

Did anyone else's OEC account just get looted? MF GLOBAL!?!? waiting for my daily statement...

So.. after losing half of my account, I am going to revise my approach once again. I've been trading the night session for each night this week, trying to see what works. At least 2 nights this week, I attempted to read price action alone instead of waiting for a particular setup. This lost me...

No difference, white bar, black bar, green bar, red bar... all the same dude.

"Trading low probability trades will wipe out more than all of your gains." -Al Brooks

@ $12k (-50%)

Still @ $14k (-41%) Have trades open in cotton (+$800), wheat (+$800) and rough rice (+$1,000). Did some 'day/night' trades based on PA tactics from Al Brooks last night on natural gas, which was very difficult, market skips around and bars aren't printed well... definitely not doing...

"Look at the volume at key turning points. It's huge. The only logical way that can happen is if institutions are exiting in one direction and entering in the other, and other institutions are taking the opposite side as part of a hedge in another market (stocks, options, bonds, currencies, and...

Why did you get out so fast? The market has recently gone upwards with low volatility so you must be patient!

Your margin rules are what I have written in my plan. However, this plan needs serious revision obviously. There are many observable instances where you can enter the market in the correct direction and price won't go against you very much/at all -> this leads me to believe with proper entry...

@ $12k (-50%) Of course, after I tell someone else that a 50% draw-down is hard if you have a 'good' plan (which I sorta kinda don't) I get to that point. Karma's a bitch..

@ $14k (-41%)

I want to see someone's Saturday setups!

Sike, only one winner not 4. @ $15k (-37.5%)

They are called producers (commodities) / banks (currencies) / companies (equities).

One look at the guy and I can tell he's a winner. I'm in!

Why do you think 1% control the majority of the asset pool? It's because they play fair. Also, when you have the money, it's easy to make connections. It's plain as day how buddy buddy our government is with wall street...