Had some time to trade after doing my taxes today, ended up 23.5 points two longs were winners one short took a three point loss, basically using lower highs for shorts and higher lows for longs with my target being the last swing high

Not a good day for me I was up 80 ticks and lost all of it being away from my computer around 1 pm cst

Merry Christmas and a blessed New Year Eagle Star!

where would you place your stop loss on this trade if the circled are was the pullback

H. Would these fit into your pullback method?

rough day for me gave back 15 after getting over 50 the last two Wednesdays

out before the fed minutes

long looking for a retest of 60

It's not unusual to feel stress when traiding, I would bet most professional traders get stressed just like we do but the difference is they know all these bad thoughts going through their mind are just that, thoughts! And what separates them from ...

didn't get a chance to trade today but my method would have had only one trade, a 14 point target with a 4 point stop loss

that sounds like more fun anyway!

So took my Sunday afternoon and finished my trading plan! Now I have my method in writing and feel I can make the next step! I will build good trading habits and become a consistently profitable trader

thanks again for the law of the charts pdf, very interesting, any other books or courses you would recommend?

To me it seems like if I am more patiet and let the trade work for a while there are a lot of points available on a daily basis

Harold when you get into a trade do you set your target according to one of the last swing highs or what would you recommend?

I see what you are seeing and I also like to see it test support around 81 and look for higher low from there

or if you want to wait for the 1st pullback as Harold does it gets you in about the same level

The pre market was mostly up and the market had support around 6780. I look for a higher low in the area and my target would be the last swing hi around 6825.

So are you looking for price to pullback to a fib extension and then continue or to an area of congestion where price was most recently located. I always look for places where a lot of trades have taken place just because traders know there are ...

Sounds like our approach is very close