If I only make a dollar on a trade, I put it in the WIN column. If I lose only a dollar, I must put that into the LOSE column, so yes it's just a mental thing for me. As far as R:R goes, I too have tested which is best and the answer depends on a ...

Trading Made Simple(r)

Yes. Always. Once I am up about the same amount as my initial risk is, I move my stop to where I still make a very small profit if price comes back and goes against me.

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You asked for my advice so I will just give you my opinions (not that I know it all). I don't like trading the second half of the day in the U.S. stock market, but if you must, I would stick to trading only the most volatile tech stocks, such as: ...

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I refer to them as dividend stocks, when in fact they are ETF's BUT I just assume that the vast majority of Forex traders here know what a stock is and not what an ETF is, so I say stocks as not to further confuse them. Some of the ones on your list ...

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3 min. Here's why to day trade a 3 min. chart vs. a 1 min. chart. 1 min. on left, 3 min. on the right. The 1 min. chart is far too "noisy". image

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I am currently coaching another trader as to how to trade Futures (due to the 25k minimum to day trade stocks that he doesn't have) in the way I trade (at no charge) and I suggested that he use TradeStation as his broker AND his trading platform. He ...

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I still agree 100% with this. Regarding trading Forex pairs, my preferred ones to trade are: EUR/USD USD/JPY GBP/USD AUD/USD GBP/JPY EUR/JPY AUS/JPY No CHF, CAD, or any of the "exotics"

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There is a good alternative. Trade Gold Futures. I would dare say that trading Futures is better than trading the Forex or stocks for the vast majority of traders, especially for U.S. residents. That's because in the U.S. we have something called ...

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You're welcome. One thing that I WISH that I could impart upon others here is this: Trading successfully is so much more than than just following a bunch of indicators. It's about at least a dozen of other things that are equally important. "Once ...

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YES! Because as I said earlier in post #9665: "There is nothing wrong with where you entered, however, I always enter just below the low of the 2nd red candle back starting from the right side of your chart. I see it all the time where if you "jump ...

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No, that's not true as I can CLEARLY see on the image that you posted that you entered INSIDE of the red candles when I am suggesting that you should enter below the red candles. Here's the image that you posted. image I can see where you entered ...

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It usually depends on how much action I see at a previous support area. On your chart, I see price has bounced off of the 158.50 area about 10 times so that to me is significant and therefore I would not go short there. Plus, to me, it's the wrong ...

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Yes, sort of, but not based exactly on how I enter.

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Here's why I day trade stocks and why I now only trade Continuation trades when trading stocks. I watch 6 stocks all at the same time because that's what fits the best to my liking on my 43" monitor (it's actually a Toshiba smart tv). I just noticed ...

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The answers you seek have all been posted many, many, times throughout this thread. It would be best if you start on Page 1, Post #1 and go on from there.

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I made a mistake in post # 9665 that I have since corrected. I said 3 bars back when it should have been 2 bars back. Not to make excuses but I have had the flu for the last 8 days, I am day trading stocks and I am posting in this thread all at the ...

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There is nothing wrong with where you entered, however, I always enter just below the low of the 2nd red candle back starting from the right side of your chart. I see it all the time where if you "jump the gun" you can end up losing a trade that ...

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I think downloaded it from somewhere online, but I also think that I may have changed the settings to 12, 3 , 0. And I think I changed the colors to lime, deep pink, and none. file file

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image Here I am showing the same chart, one with how candles are typically displayed, and one using the Synergy_APB and the Heiken Ashi combined. It's more than "just a nicer way of looking at trends and charts", it's that MOST traders cannot ride ...

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It's simple. When both are blue or both are red, then they are in agreement with each other. When they are blue and red, they are not in agreement with each other.

Trading Made Simple(r)