KTS's NQ Express

[PACMAN1]

Quote from Instynct:

So why does everyone think this is going down? just trying to learn here

I would also recommend reading al brooks book on price action very helpful

 

[Instynct]

out 82

 

[RocknRide]

Quote from RocknRide:

Stopped.

Last try of day.

S: 81
ST: 83
T: none

Stopped... another horrendous day for me.

Going to study my mistakes today very closely. Need to at least learn from today.

What do you guys do when you notice yourself breaking all your rules?

Haven't traded this poorly in a while...

 

[killthesunshine]

Quote from Instynct:

So why does everyone think this is going down? just trying to learn here

i thought was a crapshoot either way, but the bulltrap suggestion by Pacman was interesting, and knowing how the last 30 mins can wildly counter trade i decided to take a shot with a tight stop above recent the swing high.

Nothing more earth shaking than that for me

 

[killthesunshine]

Quote from PACMAN1:

I would also recommend reading al brooks book on price action very helpful

Thanks for your input. I know that book but have yet to get it.

 

[killthesunshine]

Quote from RocknRide:

Stopped... another horrendous day for me.

Going to study my mistakes today very closely. Need to at least learn from today.

What do you guys do when you notice yourself breaking all your rules?

Haven't traded this poorly in a while...

Reflecting on your trading a bit your 2/5 rule for stops and targets strike me as rigid and arbitrary.

Just curious why you believe they should work?

 

[killthesunshine]

+8 for me but left way too much on table again.

my quest to hold longer to capture the longer swings continues....

 

[PACMAN1]

Quote from killthesunshine:

Thanks for your input. I know that book but have yet to get it.

http://search.4shared.com/q/BBQD/1/pdf/al+brooks



read it online

 

[Instynct]

+0.75 today on 7 trades

 

[RocknRide]

Quote from killthesunshine:

Reflecting on your trading a bit your 2/5 rule for stops and targets strike me as rigid and arbitrary.

Just curious why you believe they should work?

KTS, I think you are right.

That is why I have been trying to remove the target. I simply implented it to make sure that I have a decent ratio to erase those stops.... but that doesn't work when you have no accuracy.

Also, using no target will allow me to exit using PA instead of only if it hits the target or stop.