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Thanks. So it seems that "break even" can be either a zero P/L gain, or moving your stop to your average entrance price, which, in the latter case, could still leave a profit depending on how many contracts you have left.

Thanks, I am curious why you wrote you locked in 1.5 points on initial size. It appears that you locked in 2.0 points. Thanks.

I am a confused as to whether this means move stop to your entry price, or move stop to where you give back all your profit. For example, let's say that I buy two contracts at 1600. I want to see one contract at 1601.50. At this point, I will have 6 ticks of profit (minus commission), or...

I have been using the DOM on my Thinkorswim platform which is a bit tricky to locate and choose the correct price in order to place a limit order.. My friend says he just right-clicks to place a limit order. Is this how you do it, as well. What I dont understand is after you right click do you...

Nodoji, I was able to find your journal. It is posted as nodoji's day trading log. Sorry about interrupting this thread. Carry on.

Off Topic, sorry. Nodoji, could you please tell me the name of your journal. I tried keywords "Nodoji trading journal" and after wading through countless search results I have not yet been able to find it. Thank you, G.L.

What is this boobs and cleavage stuff? I saw Ammo posting something about cleavage and whatnot in a different thread. I did a search on "trading technical cleavage" and got nada. Can you direct me to a source to learn about cleavage, nips, or etc? It sounds like important stuff :D

You will probably be killed by pirates.

I see the phrase back testing a lot in the forum. I think I grasp what it means. It seems self-explanatory. However, there are some things I am not sure about. I use ThinkorSwim. The historical data for the 5 min chart only goes back 20 days. This isn't enough for back testing. So I switch to...

Great, thank you for your reply. Yes I trade the ES.

I like the approach in the #2 example, but not #1. In the # 2 example, price breaks the last new high on the 5 minute, and then pulls back. You switch to a 1 min chart to monitor the pull back and take the trade when price reaches the rising 20 ema. But on the #1 example there is no mention of...

Thanks for your answer. I replied to your answer, but I just checked a couple of hours later, and my reply did not apparently show up in the thread. So I will try to rewrite my reply later.

Thanks for your answer. I didn't know 1 min chart was the hardest time frame. I am still practicing using simulation at night, and paper trading during the day. It doesn't seem anymore difficult than trading on a 5 min. However, I only shoot for 1 point on the ES. If I can get two set-ups a day...

What I don't quite grasp yet is what time frame to use to determine the direction of the trend. I want to trade in the direction of the trend because that's where the power is. I trade using the 1 min chart exclusively. I have tried trading off the 5 min chart, but my capital is quite limited...