What do you use for your signals. Do you prefer trend trading, breackouts, or divergences? If you could give some ideas I am sure people could help you and maybe even help spot true signals during the day. 4re
Both of my main methods could be classified as sort of a trend resumption method. My PROVEN method is deffinetly a trend continuation method. My unproven and the one I'm actually more interested in and will probalbly trade more today is more of a trend/breakout method... where the breakout signals a resumption in trend. I will not go into details on how each of these setups occur though.
Good news, I patiently waited for a signal.. took the trade with confidence. Bad news I got out for no reason and only made $20 on the trade...... Then watched it easily continue the way it should have... My "plan" states I should not think about taking ANY profits until 10 pts into the green, only take before If I feel the trade is getting in trouble.... So something to work on, but hey at least i waited for a signal...
Fair enough. Here is what looks like a continuation pennant trying to form on the YM right now. I'll keep an eye on it. But a break to the downside could be something to look at. Hope it helps. 4re
Looks to have failed before I sent it. and looking at the Bollinger Bands I see why. But no loss would have been had either.
I feel really stupid, Dont know why I even tried changing up what I do.... seems like everytime I try to change something up to trade more "textbook" and with common rules it makes me trade MUCH worse..... I never have problems trading in the morning, every trade I tried makign thus far was what hte methods said to do.. but my freaking stops keep getting hit now.... in every trade I got sotped out on, I would ahve taken small 3 or 4 pt profits on each one, and woudlnt have taken any losses, but trying to hodl for the bigger moves causes my stops to get nailed, so now i'm down -122 already.... WHY DO I try to change!!!
Dude, are you like, kidding? Tell you what. YOU tell us the signal so WE can tell you when to take the trade and how long to hold it for. Nah, just joke'in son. We don't want your signal. Later, JJ
Now down 307.. this is freaking nuts.... I really dont know why I try changing.... over the past 3 weeks overall I have been up, doing what I been doing.... the 2 days I try changing something both tuesday and today I have blow ups.... seems like a coincidence to me...
Hey look, I didn't trade for a year after I had consecutive losses for a week. Something obviously wasn't working. I put in the effort, re-tooled and put together a system that I like, saved up the money for a decent account and set about trading the right way. So ... STOP! Go back to square 1 and do the work See you in a year Adios
Do what you were doing on the day you made $200.00 Myself I don't like trading on Fridays in the summer. I always got whipped around on false breakouts. The last hour you might catch something