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You could use an excel spread sheet. Col1 Reason for entering trade. Col 2 Emotions felt during trade. Col3 Profit or Loss Col 4 Summation of trade. Col 5 Trade # At the bottom, create a summery to determine how may winning trades that you took, so you can create...

No indicator is perfect, nor do they work all the time. However, if you combine your interpretation of what you believe the indicator is showing after reviewing past trading charts of the instrument that you are interested in trading, and combine that with a little PA, then you might find...

Whats funny is I would trade on the ES, lose money, go back to the CL and make it back. Finally ended positive for the day going long Euro based on support of GANN fan line.

My indicators stopped working for the day. I was going to gone long CL it was going up, but was waiting for my indicator. I gave up waiting and got in to late and stopped out for 8 ticks. I then shorted, was green then it started to go back on me, and I got out for 6 ticks of profit. If I...

I would actually watch the news if you are going for a longer term trade. Any good news for example riots stop, check the chart for price action, and then take a strong short since the market could easily fall back down to under $ 90 If news comes out say Israel attacks Iran, oil refiners...

Well ended the day positive I think thanks to NoDoji. Trades: 1) Went long on CL as price went up but indicator was still pointing to sell. Trade went 7 ticks in my favor and started to reverse. Instead of taking my normal stop, I let trade go 22 ticks against me and averaged into to...

1st counter trend trade for me on CL. I was short although the overall trend was up. However, the current trend is down with all red candles, my indicator also signaled short. Concerns on this trade were that I was near the 20 EMA which could offer support to the longs but if broken would...

You need to identify the emotions you are feeling before and during a trade. For example, are you stressed, excited, fearful, greedy, impatient, angry. All of these can lead to making emotional or irrational bases decisions rather than rational ones. You need to think and or write down...

I agree with this. I still will sometimes do the wrong thing. For example, I realized that the market would be closed today, so decided to trade Euro last night even though I already said I was not going to take another trade. I shorted EURO on indicator pointing down with red candles, but...

I saw other people talking about their systems on classifieds plus I don't moderate this section of the forum. So you were able to say whatever you wanted, and I did not delete your post. I rather let my system do my talking. Also none of the other people you mention have shown monthly...

I voted other since you did not mention a raise in interest rates. Considering I read a best selling author whose main idea in his book was low and/or falling interest rates cause bull markets and high or rising interest rates cause bear markets, why you would not put this as a reason is beyond...

I agree with you that I should have at the very least gone for 20 ticks. In my mind we did break resistance, so even if I had no chart target, I could have taken a standard target. I guess some of the issue was my Friday trading had made me jittery, and I did not set stops and targets and...

Most of us have emotional issues when trading in that we will violate our rules since we don't want to take a loss. That means sometimes holding losers longer and not letting winners reach targets. What would suggest doing on Mon, is to wait for a valid setup that you will usually use for a...

Did a quick long scalp for a profit. CL was going up and broke resistance on market open. Went long market, plan was to go long as previous price trend is long and reports on more violence in middle east. As price went quickly to my target, I sold at market and got a decent scalping profit...

I use something similar to an RSI which is a little bit more reliable. I then combine that with price action and then add in risk vs reward of the trade which I am still working on. I need to decide if I should use an even risk vs reward or see if I get better results with reward being higher...

Well just think of it as your 1st trade. You learned how to do it better next time.

I had a limit order in for ES, but it started to go up 1 point before hitting that limit order. I left it alone and took a look at CL. On CL for a real money long, I had some confirmations for a long trade. I decided to do a scalp since I think I was counter trading against the overall...

http://www.marketwatch.com/story/oil-futures-edge-higher-in-electronic-trading-2011-02-13?siteid=YAHOOB I previously read this somewhat bullish news release. After I finished I checked CL and I saw a good TA setup that I use with 2 confirmations on both indicator and candle setup. So I went...

So can someone attach the latest version in a zip for NT 7, so I can try it out. Also, what format do you suggest for data series, vol, tick, or min and what value. Also, do u use 24/7 or RTH?

This shows the trades I did in a real money account I manage for this stock NEOP. I want to show that its very realistic for someone to obtain similar trading results.