i intend to keep this thread for scalping or prop trading type advise on trading ... and my other thread will actually be describing my trades .. http://www.elitetrader.com/vb/showthread.php?s=&postid=1016996#post1016996 thanks mishwar
again like most trades today .. entry was perfect .. but too early an exit , but no probs .. no trade taken no loss ... better to remain on sidelines than take an uncomfy trade .. remember conserving nervous energy is good ... thanks mishwar
id say not pure scalping .. but say 2.5 pts and above is the aim. but main point is never to let losses run thanks mishwar
for those who are learning .. see what happens todays high and when it reaches around 1306 thanks mishwar
saw the magic .. ? number i had given was 1306. and i was repeating from the opening bell.. now my question to students of trading .. what and why did it happen ? will discuss soon stay tuned mishwar
on this thread, will keep learning sessions on s n p 500 index mainly ... now on close .. the index persistently goes towards 1310.5 which is the imp level .. if just W%R turns, we'll easily break past ... but like i always say .. never base your trades on guess .. if it forms we'll see .. if it breaks past, we'll see thank mishwar
============== #1-7 looks fine, not sure about 8; that puts your loss as you worded it ,@your biggest position. Understand adding some early , but not ''when possible ''???????
here's a hint .. why i added the word "possible" .. 3rd waves dont always allow you to add...its v v difficult .. i managed a couple today .. but thats only cause yest fall was bad so the wave was slow ... otherwise in a gradual fall its tricky and almost imposs ..thats why "possible" thanks murray mishwar