[electroniclocal]

One of the tasks of a new trader is to develop setups that can be repeated over and over to harvest profits from the market. Doing these repetative actions means you get really good at a single type of trade. A single type of trade may be used in quite a few different situations. There is an example in my blog today at http://electroniclocal.blogspot.com/...ect-setup.html - there is nothing for sale.

In developing setups, I look for a set of circumstances that are often repeated in the market place and bind them into packages of principles (not rules that are too mechanical) so I can draw them from my quiver at the appropriate moment. This way I can react to a familiar situation and execute my trade plan without too much difficult thought.

A single rtade setup should be one that occurs frequently. Once I have mastered a setup and use it, I look to develop the next one. Some setups are easy others may take quite q while to develop, especially recognising all the so called nuances.

[Tams]

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why don't you post some charts ?

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[forrestang]

I agree with Tams and think this could be a nice thread. You should post some pictures with brief explanations that might spur discussion, instead of the redirect to another site.