Hi all! I started trading around 12 month ago. I tried to develop a trend following method but I failed. I used around 2pt stop in the ES and tried to reach 3 - 5 points gain. But I was to often caught in the mess. I had a lot of breakeven stops and also got whipped out too often before the real move occurred. Two month ago I started to trade a counter trend scalping method with very tight stop (avg. stop inc. commissions is 0.6 points) and go for the quick profit before a wiggle comes in (avg. winner is around 0.9 points inc. commissions). My winning % is around 60%. So far so good but I`m still not satisfied with my trading. I only get around 6 signals a day. My average daily gain is only 2 points inc. comm. I do much better when the volume is low. So I rarely take a trade in the first hour of trading. My method works def. best when trading the ES. I know people trading the momentum in the first 30min very very smart and taking as much points out of the market as I do in a week. I always tell to myself that 2 points a day is MUCH better than losing. If its true that around 90 of 100 traders fail to get profitable I maybe just be Mr. 91 but thats still great. Last week was very typical for my trading (bit more trades than usual) I got +14 points with 39 trades. (So around +10 points after comm) My main target with this journal is to get assistance by experienced trades in order to reach a higher level of psychological skill and satisfaction. I will shortly describe my trading method here and any comment is very welcome: 60min and 15min chart for the bigger picture. Just one moving average for trend (34ema but could be a another period too) and volume. 3min charts for the signals: volume, 21 and 55 ema for trend and targets (supp and res), bollinger Bands for the range William Blaus double smoothed stochastic for oversold/overbought/sideways readings Fast stochastic for divergence signals 1min chart for finetuning of the entry price action and volume only 1min Tick indicator chart for divergences and extreme readings just price action I will enter a trade only on extreme readings of the DSS. When oversold/overbought conditions are reached I will wait for a divergence setup with the fast stochastic. Than I switch down to the 1min chart and watch for these two reversal setups: http://www.dacharts.com/2b.htm http://www.dacharts.com/123.htm I first one is much more reliable IMO. Best played with a pivot area, market sup/res, fibonacci sup/res in the back. When IÂ´m in stop is 1 point max. When I get a print of +0.5 points I trail stop to -0.5 points. When + 0.75 is printed I trail stop to breakeven. I usually go out 1 or 2 ticks ahead of the next sup/res to get a quick fill. Thats it. I will start this journal tomorrow and will not focus on the trades itself but on my inner feelings.