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I was just reading the posts of the last few days. I totally agree with you, Chris. The problem with me is that I'm not really psychologically suited for trading. I don't let winners run. The first red bar scares me out of the trade. I'm not patient enough, and I hate to see a nice profit...

Thanks man, I'm going to work on a second chart setup, hoping to find a decent exit signal, compare with the chart you've posted, very inspiring. I'm spotting my entries on a 45 seconds candle chart. After retracement from a HI/LO , there is often a few bars with narrow range. As a matter...

Wish I had held that first short of today ...

In the future, I'm going to calculate (moneywise) the 'brass balls factor'. How much if I had them? :)

Same happened to me. But not only yesterday. The fundamental problem with my trading is that I make nice profits in the DAX AM session. Then I give most of the euro's back in the afternoon. As soon as the ES picks up some volume, the DAX becomes untradeable (speaking only for myself here...)...

It was quite a trend day! Balance was positive, just a little more than the loss I had yesterday ... :) I should learn to adapt the stop to the volatility of the day, though. I had problems yesterday (too large stop) and today (too small). Have a nice evening over there! PM.

On the other hand, constant time bars for me have the advantage that I can measure the time period between highs (or lows). Based on that information I know (more or less) when to expect a new high or a new low. It helps me evaluate the trade (or entry/exit). So they actually both have their...

Still papertrading most of the time. Hands are shaking with the account wired ... Next week I don't work and if I see good opportunities, maybe I take some ...

Yep, 8pm MET, should be around 2PM New York time.

I have read a few times that it's good practice to trade a maximum of 1 ES per 10k in the account. Anybody know of a similar guideline for the DAX (or YM )?

They are bollinger bands... It's difficult to tell how the DAX moves in relation to ES. When the ES approaches citical levels, the DAX can move by 20 point up or down... Better avoid that! I have noticed this week that after 8PM local time here the volume on the DAX lowers, and it is...

The chart shows nice on my screen, but once compressed ... The horizontal line on the 1456 level is S/R, derived from calculating pivot points and 3 S/R levels. The lines are calculated automatically by the software. It happens frequently that prices bounce hard around these levels. At this...

Very well, thank you! I traded for the last 2 hours before american markets close. 1 DAX trade: 675 Euro 3 ES trades: Breakout of the symm: shorted 2ES: +375$ . Covered at 1458.5, way too early. 1 full stop hit a little later (2ES). -200 $ later again a nice short again (2ES) +350$...

Is that a symmetrical on the ES?

I had the same problem. Now I'm sizing the chart so that I can see approximately the latest 2 hours. Not using the magnifying glass anymore ...

Trader's block ?

Hey Boo, You can easily spot triangles, just by connecting the latest (2 or 3) highs and the latest lows. You can do it with trendlines, or just imagine these lines. At least, that's how I find them. PM

I apologize for posting twice. Went beackward with explorer and refreshed the screen... Sorry!

Hi again, Here's what wanted to tell this morning about the DAX: Its day range today was +/- 120 points, this represents 3000 Euro or +/- 4000$. The range of the mini YM was 180 points, representing 900$. My point is: to make the same amount of money, you need only one fourth the size of...

Hi again, Here's what wanted to tell this morning about the DAX: Its day range today was +/- 120 points, this represents 3000 Euro or +/- 4000$. The range of the mini YM was 180 points, representing 900$. My point is: to make the same amount of money, you need only one fourth the size of...