[mbfromla]

one of the guys has a room in chatrooms here called Pure PA i think, i'm very busy now but will be back starting monday , we are thinking to create a room with aim or yahoo chats,,,if interested drop me an email job858@yahoo.com we are trying to get a few guys who are familiar with price action trading to help each other out and get better with time.

[forrestang]

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[szubaark]

This thing was going down in a Ugly, barbwire type tight channel. +6 tick scalps were impossible if following Als entries. Then 2pt Stop would come back and get you.

Al should mention in his book that his method of scalping should only be applied when we have Good Volatility markets. In low Volatility Market like we have now, his method of scalping will slowly bleed your account.

[jolee]

Al doesn't use other time frame charts which is hard to believe . However resistance in daily chart so looking to short first chance we get?

http://www.traderslaboratory.com/forums/attachment.php?attachment id=11845&stc=1&d=12465199 80[/IMG]

[Fedeo]

Hi mbfromla,
could please explain me your reasons behind the long entry at around 7:15 of your chart? i am asking you this as from a mental point of view yesterday after the big red candle covering all the previous move up my mind switched to 'short' and I got trapped with that for a while (that's probably also my issue to easily adapt to market conditions)...

Thanks

Fedeo

[BlowFish]

Originally Posted by szubaark »

This thing was going down in a Ugly, barbwire type tight channel. +6 tick scalps were impossible if following Als entries. Then 2pt Stop would come back and get you.

Al should mention in his book that his method of scalping should only be applied when we have Good Volatility markets. In low Volatility Market like we have now, his method of scalping will slowly bleed your account.

Indeed you might want to look at my post a couple of days ago with the DAX chart.

[thetatrader]

Well yesterday marked my first 4 weeks of sim trading with No indicators. I've been trading 2 contracts scalping one and letting the other run. I had 14 winning days and 4 losing days and 2 days did not trade. After 151 round turns I am up $1,585.5 after com. not to bad for my first month. My worst day was trading b/w in week 2 with a $475 draw down and 22 round turns, the most round turns in the month. one other day I trade 20 round turns, and was -12.50 for the day + com.

Best Lessons of the month,
1 If I am looking really hard for set up, I need to just take a break.
2 Don't trade B/W (some one posted that B/W only starts after noon and around the 20.EMA) that leads me to the last lesson for the month.
3 I Don't tell the market what to do it tells me what to do.

Today Is my first day of my next four week cycle and a nice start 7 round turns and +$550 I am done not giving any back today.

[Maletor]

Here is a setup I saw on the ZN today that went against my simulated trade.
3 pushes, channel overshoot and L2.
The outside bar was worrisome though.

Any thoughts?