I don't disagree with you. Yes A could be (or should be) a long there. What changed my mind? Price stopped me out, proceeded down to next level. I could have gone long on that and a lot of times I do. This time, just felt that since I'd been ...

Make Money Everyday - A Guide to Short-Term Trading

Here is a chart of today's Price Action for the EUR/JPY. PA was absolutely flying today. It was great. I've marked trades - feel free to pick it apart, maybe we can a dialogue going. Mongolian

Make Money Everyday - A Guide to Short-Term Trading

Sorry my friend. I just saw this post. I try to respond quickly if possible. When I started out, my ego couldn't handle losing more than a couple at a time, so I would have to quit, because I would get bent out of shape. It sucked because I sucked. ...

Make Money Everyday - A Guide to Short-Term Trading

Money Management — OK kids, money management. As we roll into November in the next 9 days, I'm throwing this out here. Math does not lie. Reason traders fail?? Over-trading, over-leveraged, over-exposed. I've said it from the beginning - ...

Make Money Everyday - A Guide to Short-Term Trading

Bingo. For me, taking the $$ out of the equation and making it simply about the pips, or the ticks, or whatever - it really changed things for me. Not worrying about 'winning' and just worrying about executing. I don't measure whether I've won or ...

Make Money Everyday - A Guide to Short-Term Trading

The Process — Very good article about Nick Saban and 'The Process". Definite parallels to trading. What is your process? url

Make Money Everyday - A Guide to Short-Term Trading

Anyone here think you can be spoon fed and learn how to cook at the same time? What if you are constantly spoon fed and one day, your feeder is gone. How would you know what to do? You wouldn't. What would you do? The answer is simple....... starve. ...

Make Money Everyday - A Guide to Short-Term Trading

I'll take this first. In regards to your charts - Can't help you. Call your broker and find out how it works or what they have to say. I draw my lines myself. However I do have the numbers show on the side. Winning percentage. This is a slippery ...

Make Money Everyday - A Guide to Short-Term Trading

It's a big thick juicy book. One of my absolute favorites.

Make Money Everyday - A Guide to Short-Term Trading

If you have not read Atlas Shrugged before, Read it!!

Make Money Everyday - A Guide to Short-Term Trading

I had not heard that. Interesting. So how then are their charts displayed?? Throw one up - we'll take a peek. Mongolian

Make Money Everyday - A Guide to Short-Term Trading

What is the trend.... I think I got this from the Turtle Trader book, but one guy said - if he can print out a copy of his chart and look at it from across the room and tell what the trend is - then there is a trend, if not.... not so much. Whatever ...

Make Money Everyday - A Guide to Short-Term Trading

Ed Seykota — Last one tonight.... video

Make Money Everyday - A Guide to Short-Term Trading

PA Past Week — Here is the PA for past week. Couple things.. I feel like there are 5 basic trades or positions I can be in. a. If trade is long and the trend is long - Long, Long b. If trade is short, yet trend is long - Short, Long c. If ...

Make Money Everyday - A Guide to Short-Term Trading

Glad to see you are back from your break. I have 2 thoughts.... 1. A 21 MA can mean nothing or it can mean something. Depends on the chart you are using - how many ticks/time frame, etc. I'm sure you traders know this, but just in case there is some ...

Make Money Everyday - A Guide to Short-Term Trading

Indeed!

Make Money Everyday - A Guide to Short-Term Trading

Good looking charts. PA has been fabulous - so glad summer is over!

Make Money Everyday - A Guide to Short-Term Trading

url I like this site. Good post yesterday.

Make Money Everyday - A Guide to Short-Term Trading

Price Action — Volatility oh how I miss you....

Make Money Everyday - A Guide to Short-Term Trading

PA Quarter Level View — Here is a chart of PA for past week. This is a higher level view, a 400 tick chart with only the .25 levels drawn. IMHO, it's a thing of beauty. Mongolian

Make Money Everyday - A Guide to Short-Term Trading