I sware I do not know when I'll get it right. I'm constantly forgetting. Yesterday 7-19-2011 I had my contract date on the CL set to CL 08-11 and that was completly wrong. It should of been CL 09-11. Now I know why yesterday was so freakin dead, I had the damn contract date wrong....gezzz
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Well this wont work. I'm going to have to become more selective in my trades. See pictures below for what I mean.
Picture 1 through 3 where good trades. Trade 3 I lost 25 ticks. Then trade 4 I lost and I had lost all I'd made in the first two trades and now was down 30 dollars. That wont work, to devestating mentally. So I'll no longer take trades short or long unless the MACD is below or above the zero line for the intended direction. Hope that makes sense see picture 4 and how I went short with the MACD above the zero line. See ya tomorrow
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All the Felton stuff is Elite only by the choice of Roger Felton.
Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.
Need help? 1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first. 2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses. 3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make. 4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance. 5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers. 6) Help using the forum? Watch this video to learn general tips on using the site.
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