If I could go back in time and teach myself the most profitable day trading lesson I learned so far, it would be this: Wait for a well-defined...
America was built on massive risk-taking where those taking the risk bore the consequences of that risk. These days America is built on massive...
Been there, done that, on ES Journal and CL Redux, in ET's old chat room, in Robert Weinstein's chat room, and on Skype for the better part of a...
I don't have enough fingers and toes to count the number of times I pulled an order because price was running hard and fast into the level I was...
Trading based on the way price moves from point A to point B will lure a trader into every sort of trap and scare a trader out of every sort of...
In a well-defined trend like the chart you posted, the trend line is considered the ultimate value entry because if the trend line holds again,...
Instead of looking for ways to get into trades sooner (jumping the gun), I've found the odds of profitability increase dramatically when you let...
There were good PA illustrations on this thread. What happened? Beginner's luck run out? :(
I think it's important to add the above. Otherwise, we run the risk of over-analyzing, second-guessing, and generally ending up underperforming...
It's always good to know ALL the data behind the statistics. If I told you a drug with dozens of nasty side effects reduces the 5-year cancer...
The PDL did not hold. If you bought the PDL directly, you'd be out break even when the 2-leg pullback stopped at support and turned back down...
An uptrend is NOT confirmed during that black arrow move. That's simply a 2-leg pullback to a previous support level in a well-defined downtrend...
Hi Vic ! Did that trade bring you back to even or are you still in a hole? :D
Too funny: A couple days ago I thought to myself, "Conspiracy theorists would be absolutely doomed as day traders."
Night traders lose! They just do!...
Hmmm...96.75, pretty darn close to 100.00. Why didn't the price drivers tell us to BUY the 1-2-3 setup or the narrow range breakout???? Those...
The second mouse gets the cheese. :cool: As for defending a short looking at that chart, jimmiebarton, price is swinging lower highs and lower...
What is an out of sample test?
This is the part that no one can do and it's why 99% of traders fail. Even Surf's hedgies eventually blow up because they think they can make a...
First I select a setup using eyeball analysis. A setup is a price behavior pattern (for example, in a non-trending enviroment, price came from a...
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