Recent content by yongp

Thanks for the great advice Charlton! i guess sticking on with a a few time frames from top down would give a bigger picture. I've done this but problem of indecision between a number of TF. A silly thing i did was changing between TF to find one/few that supports my belief on price action...

Charlton, what intraday time frame /tick / volume chart would you recommend for beginners? i have another problem of always lowering my stops. I guess i did not trus myself enough. thanks.

I might give it a try. What about the DAX? Do you trade it too?

Wallstreet, when i reflected on my trades, most of the time the direction is right but my 20pt stop always get hit. i think it's also my fear of losing more money and small trading account that's depicting my stop loss size. thanks for the tip!

i never thought about using an assisted broker. Perhaps that's why I've been over-trading too. Read the other three of JR's books. However, found that entering at a tick below the Ross Hook or when #3 is taken out was dissappointing as most of the time, prices will have a pullback and that...

You're right...i need to get my mind set right and get the basics in place first. My small capital of less than £1k is definitely contributing to my poor performance too. thanks!

Hello, I've been trading for a couple of months on the YM and forex, and blew my account twice. Attended a course on using chart patterns and read too much books on trading, but am still struggling to find a set-up that will work for me. Lately, I've been contemplating to quit but my inner...

Fifty2aces, The trading period that I'm looking at would be from 9:30 to 12 am ET because I'm in Asia. How many trades a day would you advise? in the absence of a daily profit target, what do you use to trigger a "stop trading for the day"? thanks

I meant 78 trades a day of 1 or 2 contract per trade. Yes, that is very foolish.

new_trader, Yes, it's a bitter experience. Painful even when i reflect on the obvious mistakes. What's troubling is not figuring out a trading methodology to follow and sticking with it. Also on managing my discipline to follow the rules. If i may ask, how long did you take to be able to...

Hi Mr.J-Arthur, Thanks for the reply. I'd supposed account size does have a strong psychological impact to our emotion. I started off with a $5k account hoping to day trade and make $100 everyday. Your disciplined approach and prudent exposure of 1 contract hit me on the head. I blew my...

Hi Pelzar, I'm on a verge of quitting trading. Am disgusted with the way I kept letting emotions trade for me. Recently I traded 78 YM contracts within a day and that just wiped out my trading account! Am in a month of reflection right now trying to understand what should I have done and not...

Hi, I've just started to trade the US index futures namely YM, ES and ER four months ago on a day trade basis but to my dismal, i've wiped out my account effortlessly. Hence, I've grounded myself for the whole month to get my acts together. I'm using the volume chart on Tradestation (i.e 421...

Marcel's book is a good one too. Thanks.

That's true Rock....somehow i've tried to select an indicator to support my biasness. I'm planning to get that book but not sure if the "Disciplined Trader" is a better one. What do you think? cheers,