DbPhoenix

By Ken Wolff

Recently, a couple of people I know packed up and quit trading after struggling for a long time to hold their heads above water. They didn't make it. This isn't unusual, of course. This profession has a high failure rate. But it frustrated me.

It frustrated me because I could see potential in them. I don't believe you have to be particularly talented or intelligent to be a successful trader, but these people seemed to have a grasp on the market and the...

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Contributed by "wasp".

Feeling good. I had a tough month in August IMO and the spikes and tight ranges did my head in alot and tested me alot, ironically in the complete opposite way of the intended journals purpose.

Anyhow, today...

7am - we drifted up and both the MA cross and SAR said short at 7 on the dot and it dropped down 15 beautifully to kick it off... now its gone staight back up, and up, and up all the way to the top of...

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Contributed by "FX_Cowboy".

I'm ready to start backtesting my revised plan, here in the form of a comparative study. The setup used for this exercise is basically the same as the one described previously in this journal, but with the following adjustments:

General Rules

-- Positions may be only opened between 2:00 a.m. and 12:00 noon. Any open positions must be closed at 1:00 p.m.
-- All valid entries must be taken.
...

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Contributed by "jasont".

Ok guys I'm not sure if anyone is actually reading this thing but I thought I'd try to help people discover what to trade. I'm going to disclose a few things about how I found my trading niche and offer some ideas to help people find out their niche. This may be a long post so if you want some help picking a niche, grab a coffee or beer before starting to read. List what you find so you can help keep track.

When I first started...

Richard Wyckoff was a pioneer of technical analysis. While Dow contributed the theory that price moves in a series of trends and reactions, and Schabacker classified those movements into chart patterns, developed gap theory, and stressed the role of trader behavior in the development of patterns and support/resistance, Wyckoff contributed the study of the relationship between volume and price movement to detect imbalances between supply and demand, which in turn provided clues to direction and potential...