I usually look for for a full 12 pip pullback - a pullback back up to the previous line. That is ideal for me. Certainly - doesn't always happen - like in this instance. But what I want to have happen, is for my order to be placed - back up at the ...

Make Money Everyday - A Guide to Short-Term Trading

Todays PA so far — This chart is today's Price Action. The chart only has lines @ the different quarter levels... just wanted to take a step back and show everyone how it looks. Mongolian

Make Money Everyday - A Guide to Short-Term Trading

Gotcha — I'm with you now - if I remember correctly - I would have wanted my entry to be back at 1.4625 - so it never got filled - that's why I would have the next short attempt where I marked it. PA never came all the way back - so then now, ...

Make Money Everyday - A Guide to Short-Term Trading

Perhaps... would of, could of, should of....not to worry - you see it now, get it next time. M

Make Money Everyday - A Guide to Short-Term Trading

I think someone else pointed this out in an earlier post as well.... yeah, I make mistakes. I've seen a few places where I've missed trades on previous charts as well. You are right - it would have been a good place to put an order. Mongolian

Make Money Everyday - A Guide to Short-Term Trading

Sometimes - the best way to see how warm the water is - is to just jump in. It was rangy - you tried, there will be others... Keep up the good work. M

Make Money Everyday - A Guide to Short-Term Trading

Quarters — When I first started out - It was soley the quarters.... and I kept seeing PA move like in the first example. SOOO - I then started playing with it... started drawing different lines - and settled on the 12 pip mark (example 2). My ...

Make Money Everyday - A Guide to Short-Term Trading

Oh my friend - that's the best post I've seen all day, especially that last line. And you are very much correct - The main thing is the quarter levels. I like your suggestion and I recommend it, concentrating on those levels. If you have a chart ...

Make Money Everyday - A Guide to Short-Term Trading

Illustration — Ok - I have drawn this diagram, I hope that it helps. On the diagram - I've drawn some random price action - between levels. It turns right at the level, it also turns near the level (the yellow circles). The times when PA ...

Make Money Everyday - A Guide to Short-Term Trading

Pivot Points — I use the daily Pivot Points, however, and you may have already seen this earlier in the thread - I have them on my chart only because there are enough people that use them that PA does respect those lines. So - I guess it's ...

Make Money Everyday - A Guide to Short-Term Trading

TP question — There have been a couple questions regarding sticking to the 12 pip target or letting it run. Let me throw some light on it here. Let me use another car example. When we are young, we sooooo want to drive, (at least I know I did) ...

Make Money Everyday - A Guide to Short-Term Trading

charts — My only concern ever is does it help to be profitable on a consistent basis. If so, great. I feel like each persons chart is like their car. Everyones is different, yet they hopfully Get us from a to b.

Make Money Everyday - A Guide to Short-Term Trading

Thanks for sharing. Like the geduim said, if you show us your work, we may be able to spot ways to help you improve. Appreciate you stopping by. Mongolian.

Make Money Everyday - A Guide to Short-Term Trading

I know there is a thread on here - Niceguys Ridiculous 7 pip something or other and his deal is once he loses 7 pips for the day - he's done. It is a pretty good thread, he makes many valid points. I however want to make money everyday so I would ...

Make Money Everyday - A Guide to Short-Term Trading

Both, if possible. I try not to form too firm of an opinion... Like PA can't possibly go beyond this point, so I'm going to put my order at X. One thing I have learned (often the hard way) is that PA can and will, move and that there is no such ...

Make Money Everyday - A Guide to Short-Term Trading

Excel — I haven't put one of these up in a while. This is PA so far this trading day. I put a couple of notes on it. I do want to say again - the excel file is a tool. It is not the end all and does not determine how you trade. It's a visual. ...

Make Money Everyday - A Guide to Short-Term Trading

Awesome Mike. Well done. Enjoy the outside. Let us know what it's like .

Make Money Everyday - A Guide to Short-Term Trading

I like the chart, yes that is basically it. I like the different colors...but looking at it - you can see, where and how to place your orders. Very nice. As far as your 1. 2. 3. That's it in a nutshell. There are and will be times where it's not ...

Make Money Everyday - A Guide to Short-Term Trading

Lurking — King Pippin - Glad you had success today. Keep us in the loop since apparently we are a trading journal now. Thanks for sharing! Mongolian

Make Money Everyday - A Guide to Short-Term Trading

Certainly, I see that all the time. I felt that introducing this dialogue, it best to start with the fundamentals. As one becomes more comfortable with how price action moves, the more opportunities one will see. Is it possible to get those trades?? ...

Make Money Everyday - A Guide to Short-Term Trading