Sure, there are rules. Let me give you some rules. 1) Buy low and sell high. 2) Trading the news is gambling. 3) Emotional trading destroys the book. 4) Preserve your trading capital at all cost. 5) Babyseat your trades. 6) Stop losses are seating ...

Technical Analysis Fallacy

Done for the day with some profit..not bad for a slow Monday. Comments 1D/1H are bullish...so I traded bullish...I did not pay attention to any pattern but I kept an eye on each 5M bar... and that was very healthy...Be carefull with dancing long: ...

Technical Analysis Fallacy

Profit: 0.7 % ROE 1D/1H shorts-->so short bias 5M trade 1M help feeling the market. Applied strategy and most basic approach and in relaxed way. Missed a couple opportunites to end the dance...Exited all positions prior to New York Lunch and ...

Lusan's trade Journal

Sorry...I forgot...I own a paper copy of Livingston...there are not pdf... Just in case, Livingston is just for general knowledge and inspiration...he was feeling the market on his own way as I remember now. Regards

Technical Analysis Fallacy

Good morning fti and everyone... Just wake up and saw the bear around and being monday i am planning to get back to the sack...and I could not avoid to send this message. Jest, please take a look to this...actually let's read together a thousand ...

Technical Analysis Fallacy

Oops...after 2 days of evaluating my trading MO and verifying fit's thread. Conclusions 1. The beginning of this journal gives a very rough picture of his strategy: you consider each 5M bar, my friend. 2. The journal until several weeks ago ...

Lusan's trade Journal

Good that you are looking at th 5M but indicators will not work very well there...I tried them all for several months on demo account and with real money.. The key problem: how to know if PA is trending or ranging...PA leads the indicators and in ...

What steps ?

Thanks for the visit... Yes, making some $...but I am not into profit making yet, but into understanding...I was extremnly successful at the beginning...and it is now when I begin to see that I was into Simple Elliot wave trading with a 1H-5M-30S ...

Lusan's trade Journal

10 trading commandments — I am reviewing all my trading strategies, skews, and approaches. Because I find day trading psycholologically demanding, I mantain a set of laws to help me stay present. I found that whenever I violated these laws, PA ...

Lusan's trade Journal

>>>Please do not be. You have done your best and I am trying to adapt. >>>You are correct. However, as I said before, I trained myself for very fast trading and now I have to change...and that is not so easy for my mind...I am working on it...I ...

Technical Analysis Fallacy

Maybe he is just tired...and ready to take a weekend rest..

Technical Analysis Fallacy

It will take a while but I get there...Remember this is my 2nd week of day trading and I survived... Thanks again.

Technical Analysis Fallacy

A darn good description...Thanks And your chart...to the poinnt...you short on the highs and trust 1H trend lead

Technical Analysis Fallacy

Actually, 1) Although it looks like a break out it was not, but a retracement on wave 2...see the chart...so the entry was exactly what I wanted...hey..I am not supposed to chase PA..I went short because 1H bullish...I entered at the high of wave 2, ...

Lusan's trade Journal

So it happens..I trades the exit fromt he congestion...I counted waves with a scout set PT at 40 and I had to reenter...I ride the 2345 waves..Last exit was not premature but I want to go to bed and position could not be left open on wave 5...20 min ...

Lusan's trade Journal

Folks, after this week, I became convinced that I do not dance but trample on my own feet. Way too many missteps.... Yes, It was fantastic watching the last 5 Elliot waves of the bulls. I danced it and saw how it matched fti's strategy...Imagine, I ...

Technical Analysis Fallacy

What is going on?...I stay out until the news are out...This is my trend analysis for the day and possible for the rest of the week. Long term Dollar bull Pullback ongoing toward 5000 today Bullish dollar flag Short term 1H bearish If 4826 breaks ...

Lusan's trade Journal

I am done and going for a walk...my frustraion is not trading related but my lack of relaxation and my eagerness dealing with the news...Scorpions!!! My solution as of now: I will get out of the house, go for a walk during the news and then ...

Technical Analysis Fallacy

Profit: -1.0 % ROE A very normal day: bad start ended with an uphill battle saving the day... The news my friends...they are killing me...What is stopping from turning off the Computer?.. I think I will start going for a walk 10 min before any ...

Lusan's trade Journal

See this...Very elegant...I forgat today...and I was linear so my profit were not as high...notice that his last sell trade at the top was 0.8 and his sequence: 3-2-3-5-3-5-8 then down 5-3-2...Beautifull, right? Post # 5030

Technical Analysis Fallacy