[timokrates]

Hi to all,

first I would like to introduce myself. I'm one of the typical traders which really have trouble to make it. After a break I plan to restart trading the YM.

I started my 'trading career' with this contract, but switched to the Forex market and tried to find the holy grail testing all kind of indicators, Elliott, Gann etc.

Over the time I created lots of trading plans with lots of fixed rules, but without success. I always had the feeling that the approaches I launched were too mechanical.

After watching Soultraders videos and threads I believe that also a highly discretionary approach only with price, volume and tape could be successful . My problem at the moment is to find some basic setups without any of the usual indicators.

I know that everybody has to find his own style, but I don't know if having a rule only to trade at defined support and resistance areas is a possible way to avoid bad trades even if you only take trades when conditions seem to be ok. Specially to define a scenario for example when TICKS, tape or volume would probably support the trade is hard to find in my opinion.

This way you end up with too much as DiNapoli calls it 'judgemental factors', which can be dangerous. To sum it up, I have problems to create a toolbox apart from position sizing that let me get focussed and keeps me away from overtrading and stress in general.

I would like to hear some opinions on this topic and maybe how you handle this. Do you discretionary traders just have a few rules on position size and trade management? Is it possible to do it this way?

Hope I was able to make clear what I wanted to say as english is not my native language.

All the best