Agree, but wonder how many people do this and not even know it, like I was doing!!! Huios, funny you should ask that, because to me personally it took long, long time. First I decided to do one thing, it didn't work (after couple of losses), then switch to something else and realized it would be OK if I didn't change anything. This went on and on for a long time. At the same time wondering how the hell people can make money. I felt like a dog chasing his own tale.
This is a real eyeopener Dizzy ! Great posts. So what it seems you are able to do is have the risk of a scalper (1pt stop) but have the gains of a swinger .... I think someone (vulture?) mentioned this was not easy to do and it was more important to stay with the scalper OR the swinger mentality ... but you have the best of both worlds.
Thanks for the chart. Would you mind posting the # of points you made on each winner? About keeping it simple. If you can keep yourself from being sucked into the storm of multiple indicators, ma's, filters, and the such; and K.I.S.S. the markets, I believe it will go much easier. Multitudes of indicators and filters, imho, cater's to the trader who needs to be right in the market. Can't put off starting a trip until all the lights are green.
Haven't got time to post a chart but the trades were as follows. 1) 10:28 sell 1004.50 buy 1001 profit 3.5pts 2) 11:15 sell 999.75 buy 995 profit 4.75pts 3) 12:24 sell 993.25 buy 994.25 loss 1pt 4) 15:16 sell 993.50 buy 991 profit 2.5pts 5) 15:37 sell 989.50 buy 990.50 loss 1pt Total 5 trades for 8.75pts All straight forward without indicators, just chart reading. Keep it simple.
Thought it would fill the gap, and played it that way. Trade 1 - Good trade. Had a projected target of 991 (gap close), out at 988.75 for gain of 2.0. Trade 2 - broke the low of the morning range, short off a retracement. Another good trade. Target was 982, out at 981.75 for gain of 2.75 J woke up right after this trade, and I took her to her nana's. Talked to a friend of the families who was having a tough time. Didn't get back till several hours later.
well dizzy, after you posted the chart i bet many here wanna trade like you hehe. and many would like to learn more about how you trade. maybe you could list the patterns you trade, or some principles that you use in your trading or something like that?