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-2.1 TF today. I'm beginning a new journal on recommendation of Ed Abreu, a pro trader. He is still teaching his method while two others I followed "went out of business." Here is his recommendation and my initial entries.
When creating a new thread, note which subforum you are in. Here is a short list of suggestions:
- Topic: Anything to do with an Elite indicator -> Subforum: The Elite Circle
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This is just a short general list and doesn't cover everything. If you are unsure where to create your new thread, just create it in Traders Hideout and a moderator will move it if necessary.
No trades yesterday. Didn't see setups. I'm a bit proud I didn't trade without setups I could see.
Today I felt confident, something new. I am keeping the goal of consistent profits in mind, or so I think I am. What does that translate into? I think it means closing the trade when you sense by indicators and intuition it's lost it's steam after a modest run. Also, no need to wait for a gift, although I'm still doing that. Again, the goal is consistent profits. I want to learn to wait out the long runs, but for now let's get consistent profits. As a pro football announcer said last weekend, "You aren't gonna' go broke taking small profits."
Remember before I started my journal I pointed out some of you mistakes and I told you that I can see it because I do the same, and I told you that you are gonna see a lot of your mistakes in my trading.
I like how HighRise1202 waits for the area and bar setup. I can do it only some days. Haha...
Chickened out? No, thinking of consistent profits, at least that's what I hope.
Missed double top at 9:38 Eastern Time. Darn, and I had made a note to look for double tops where the first is a day back (or more). No worry. There will be more trades. (Repeat aloud three times.)