I've had a losing day with a 90% win rate and nicely profitable day with an 11% win rate.
Did you read his book, Reading Price Charts Bar By Bar? If you did read at least the majority of it, did you it read slowly enough to understand...
Yes, my initial risk would be just above the high of that bar that looks like a reversal bar. (It's only a reversal bar in hindsight; at the hard...
Sure, enjoy! [ATTACH]
Correct me if I'm wrong, but isn't HFT based on equities and the algos are programmed to transact hundreds or thousands of trades a day for tiny...
This concept is at the core of my trading and this "pattern" repeats constantly throughout the day. There are dozens of opportunities to extract...
Right on! If you're guessing, you're gambling. I know within a coupe of percentage points what the odds on each trade are of attaining my profit...
The biggest difference I see is the lack of real time/same day posting. Those old P/L threads were inspiring. I saw people there that I wanted to...
We have an ET member who made just under a million in a single day, EricP:...
Trading is repetitive and routine, and I'm profitable and making a living. Because of the way I manage my entries, I don't endure too much damage...
I repeated this cycle after my $18K loss on STLD options. At some point my (informal) mentor here at ET recommended a book to me, Reading Price...
Summoning ritual is put "Brooks" in the title of a thread, LOL! His first book is the calculus textbook of intraday price action trading.
The entire content does fit in one book and it cost me less than $50 for that book. I met a guy on ET, the closest thing I ever had to a mentor,...
His book is a minor investment and being familiar with the publishing/author industry, I doubt he gets more than a few dollars from the sale of...
Ah, then you may have enjoyed that part of my journal back in late August 2008 where I wrote "I did not like STLD breaching $24 support level as...
What is the point of keeping a journal like this? You're just listing trades after the fact, no real discussion of strategies, or rules and the...
This is the first time I've encountered someone (else) who trades this way. I understand what he's doing. He has levels in mind, probably well in...
And if you're unsure of whether or not your algo is loosely or precisely defined, spend some time coding it. My Oh My, you'll discover in no time...
I was, and continue to be, extremely supportive of anyone who advises aspiring traders to develop a personal trading plan. DB had a comprehensive...
I never studied the method; however, I did notice that places where his systems indicated entries were very similar to entries using my own...
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