Shorted EUR/USD at 1.3254. Price retraced at my entry level which was mistakenly put one bar above from where the sell stop should have been. As most traders like to say have patience. I was disciplined enough to let the market retrace for 45 min ...

2012 Trading Journal

I'm a big fan of Elliot wave theory and harmonic trading, however you way over complicate the labeling which deters me (and probably others) from following along. Simply stating the pair and TF (in post) with wave counts 1,2,3,4 a,b,c,d and sub ...

Perfect Wave - 2012-1/2

Mongonian, Thank you for posting this method! It has helped me get a better understanding of market flow and for that I am grateful.

Make Money Everyday - A Guide to Short-Term Trading

Example of a down trend count back. Third box is supposed to say = In this case price continues down for more than 50 pips. This is a prime example many trades will be smaller. image

2012 Trading Journal

WOW that is a lot of money (at least to me). Congratulations on your success and here's to you continuing to have success from here on out. Given the 5 year plan I'll start counting 2012 as the first year, as this year is the first year I've ...

Looking for a full time trader trading a mechanical system

Sounds like a good goal. Hell 20 pips a day compounded will make you rich in a few years depending on starting capital.

Looking for a full time trader trading a mechanical system

Maybe it would be a good idea to learn what news is important and what isn't. Is there a site/thread/ect I could find a list of news not to trade? I know some news doesn't effect the market much while others have big impact.

Looking for a full time trader trading a mechanical system

Good morning everyone! Hope your trading day is going well so far. First I'd like to say thank you for all the kind welcomes to this forum. You all have really made this a great experience. However I regret to tell you I've stopped trading the BUFU ...

BUFU Trend Following System + Account Challenge

Maybe this is beginners luck. Here's a trade I just took. Price shot up 30 pips within one minute of my entry. Green and red lines are where price has short term pivoted multiple times. Green being the upper half and red the lower. I did not use ...

Looking for a full time trader trading a mechanical system

Morning everyone! I did get one of the books (time compression trading) you guys mentioned another one but it was abbreviated in 3 different posts and I haven't got a clue what the actual title is. So far so good most of the stuff in the first few ...

Looking for a full time trader trading a mechanical system

Never asked to be spoon fed. The rest of your comment however is vary helpful thanks.

Looking for a full time trader trading a mechanical system

Maybe documentation is where the fault lies. I haven't kept a consistent trading journal. Making it impossible to analyze what went wrong/right.

Looking for a full time trader trading a mechanical system

This statement is not true even I know that much.

Looking for a full time trader trading a mechanical system

Thank you for the advise and encouragement.

Looking for a full time trader trading a mechanical system

Guys lets not turn this into a who's the better trader flame war. For those of you thinking I haven't tried go ahead and think that. All I wanted was a nudge in the right direction there's always more to learn about any subject including trading. ...

Looking for a full time trader trading a mechanical system

Sorry bud skipped right over your post. I think we are in a similar boat. Most systems I've traded can be profitable if as the saying goes cut your losses short and let the profits run. I tend to cut losses to early and take profits to early. Does ...

Looking for a full time trader trading a mechanical system

This I can do

Looking for a full time trader trading a mechanical system

Here are two charts 5M with a 1 day moving average and 1H with 3 day ma. Most systems look great after the fact. If there was a way to filter lets say half of the bad trades I'd be happy trading either one of these. The point I'm trying to get ...

Looking for a full time trader trading a mechanical system

This is what I was looking for. What to research, and where to reference it. Not counting eggs before they hatch though.

Looking for a full time trader trading a mechanical system