Agreed. Of the professional traders I have met, no one places trades in any manner that is remotely similar to this thread. And for "Good trading", I do not see any trading. I see lines randomly place on charts with no entries, no exits, nothing.

Using WM/Reuters Benchmark Rates in trading

Your chart shows the bid price. Your sell position would be exited, however, at the ask price (not shown). Ask > bid, therefore you were stopped at a price it appears your chart never made it to. And indeed, the bid price never did make it there, ...

vsa with Malcolm

Did you steal that picture from a Pottery Barn catalog?! Just kidding - looks like a nice day at the beach! I'm stuck in the middle of our annual nine month stretch of rain and gray skies... Perhaps I'll try myself to be more active here as well - ...

The power of range bars

This poor thread seems to have died. My blog/journal is still going, here was today's post: image I'm starting to appreciate a simple trend line on a 15M chart to help lead the way. The volatility also helps. The plan was simple; buy breaks of ...

The power of range bars

This is too bad if true. FXCM had become an excellent alternative to IB for the US. Now its back to IB I guess.

FXCM Discussion

Trades this morning, if there's any questions, I'll write more. image image

The power of range bars

Fake break out of the bottom of the box; got long on the return back up. I was a bit hesitant as the trend is obviously down, but the micro trend had turned up. As such, I didn't hold a runner, which I should have. image Got the first 2/3s of the ...

The power of range bars

A couple afternoon trades; not quite as accurate as I would like to be, but got the job done. image One more trade; I totally forgot about the FOMC minutes otherwise I would have been around earlier. image

The power of range bars

Breakout (breakdown) pullback - image Similar trade, but on a more micro-level, to get back in with the larger trend. image

The power of range bars

One more from the same location, a little bit higher where the stops from the earlier shorts are taken out. image

The power of range bars

Quite a dramatic drop at the end of the US session. Once I got back to the charts, I decided I wanted to short up around yesterday's low and had a pending order 1 tick below it. Once back there though, resistance came a bit sooner than I had ...

The power of range bars

The lure of martingale... it works so well... until it doesn't. It never ends well. A couple more afternoon trades for me -

The power of range bars

If this is the worst day of your career, I think you should be rather pleased. However, I understand what you are saying... just taking random trades to try to make back the missed profit, or make back the loss, or just because you're slowly losing ...

The power of range bars

First trade completes my goal for the day. This is my absolute favorite setup - last retracement low in a micro uptrend is broken (circled in the picture), price then moves down, retraces to the broken level, and it gets rejected, back into the main ...

The power of range bars

I see you are still taking the market's money! Nice work - It was a hectic holiday season, but I managed to get consistent trading in for the most part. Unfortunately, I rarely have the time to post on my journal and here, although I like being a ...

The power of range bars

Should have been trading the Dow... EU is dead this morning. Three first targets, and a handful of ticks on the second targets. image EDIT: Quick trade off the support. Took both out at first target, need to get moving on with my day. image

The power of range bars

For your next trick, what is the difference between a tick and a pip?

Trading off 10 seconds charts

One more reversal from the failed breakout - first target at 4 ticks, second just hit for 11. Now I really need to do some other work, done pushing my luck for today! image Alright, really, last one... same trade as before; +4 and +11 image

The power of range bars

One more for 4 & 7 ticks; was watching EJ scream up, and the EU had a quick turn so decided to try to find a fill in it. That'll be it for the week - image Meanwhile I switched on my autotrader on EJ so I could get some entries - the result was ...

The power of range bars