[XDTrader]

Todays Trades. Great way to start off the week. Missed the best trade of the day at 14:50 messing around relocating my home theater system. Working out of the house can lead to easy distractions.

[daedalus]

Back at it live again and boy how i'm glad I took the time to SIM last week and get this new idea nailed out. Worked great today... not a lot of profit but I didn't lose at all and personally that really helps keeping me pulling the trigger correctly and keeps a low stress environment for me to work in. Personally I trade better with a higher win rate method than a lower win rate method regardless of profitability.

Anywho... here ya go!

[XDTrader]

Could you guys inform me on how to post pictures in full size? The way I am doing it they are showing as thumbnails.

Edit: Never mind, I figured it out.

[brownsfan019]

3-23-09

Glad you guys did ok today. Not a good start to the week here.

[XDTrader]

Choppy day as I expected it would be after the monster move yesterday. +50 Buckaroonies. Giddy up.

[daedalus]

re-entered on the ES long when I shouldn't have.... missed a tiny (35.00) nq profit because I wasn't paying attention. Would've lost today either way you slice it but I could've lost a lot less (-10, rather than -110).

Oh well.... traded pretty well today overall.

[86834]

any particular reason why you're just taking 1pt per trade? Just wondering that's all....

Just some advice... A few scalpers that i have known have found in the past that they would have massive up days and massive down days and their pnl would yoyo. I don't know how you're trading to scalp these 1pts but if you find this happens to you, and you're not looking at the other time frames, then it might be an idea to keep them up, as they are great for letting you know when to trade and when not to trade. This way you can keep yourself out of the crap. For example my last trade of the day on ES was short 812.75 which i held. On the larger times frames you can see the importance of the break below 813. The hour or so before this break lower was a bit crap and was time to be sitting on your hands.

Like i say i don't know how you trade, so this might be completely irrelevant to you, but if you find that you tend to loose on choppy days then try it out.

It doesn't matter what your style is, but there are some basics that are applicable across all styles. One of them being knowing when and when not to trade.

Boost!

[XDTrader]

Originally Posted by 86834 »

any particular reason why you're just taking 1pt per trade? Just wondering that's all....

Just some advice... A few scalpers that i have known have found in the past that they would have massive up days and massive down days and their pnl would yoyo. I don't know how you're trading to scalp these 1pts but if you find this happens to you, and you're not looking at the other time frames, then it might be an idea to keep them up, as they are great for letting you know when to trade and when not to trade. This way you can keep yourself out of the crap. For example my last trade of the day on ES was short 812.75 which i held. On the larger times frames you can see the importance of the break below 813. The hour or so before this break lower was a bit crap and was time to be sitting on your hands.

Like i say i don't know how you trade, so this might be completely irrelevant to you, but if you find that you tend to loose on choppy days then try it out.

It doesn't matter what your style is, but there are some basics that are applicable across all styles. One of them being knowing when and when not to trade.

Boost!

Thanks for your input. Sounds like you are a support and resistance trader.

I am trading short term momentum. The one point is the first profit target on 3 contracts, then there is one contract left as a runner with a progressively tightening trailing stop.

My method does not generally do well on choppy days. I am scalping and participating in the short term trend with my last contract using big relative volume as my bread and butter tool for entry.