Probably depends on whether you're trading price or indicators/patterns. I trade price and use a 3pt stop. I've learned that if price moves...
All trading is based on hindsight, whether charts or the ladder, unless one is trading without looking at anything at all, e.g., buying or selling...
Volman, Brooks, Ross, and every other "price action" guru trade bars (or candles), not price, and bars are, like indicators, derivatives of price....
If people devoted a fraction of the time they waste on threads like this on developing sound trading plans, they might actually experience a...
My favorite: A chart is a visual representation of transactions. The results of these transactions are depicted by either a line which will look...
Practically anything will work for anybody, whether it's Hershey or Brooks or Volman or Seidel or Beggs or any other "price action" guru (none of...
My apologies, but this is not quite true. Highs and lows are "objective" depending entirely on how the flow of price movement is chopped up. The...
Some of this is true but most of it is a straw-man argument. To begin with, volume is not an indicator according to the commonly-accepted...
"Trading the auction market profitably requires more than a knowledge of how to draw a trend channel or box. One must also achieve some...
The chief refuge of the loser lies in finding someone else -- anyone else -- to blame for his own failures.
Give them to the library. While I agree with those who discourage you from reading books, I disagree with those who advise that you simply jump...
The following is an extremely basic introduction to support and resistance. I've had it for years and used it for years, largely because it's...
Any trader can define any term however he wishes. What's going to happen? Somebody going to shoot 'im? But there are certain terms or concepts or...
Largely because the "expectancy" thing is based on a fallacy, that past results are a predictor of future results, i.e., the R:R ratio is...
It may help the trader to acknowledge that the two trades are in fact two trades, and the "doubling up" is a part of the trader's approach and has...
Lower highs, higher lows (and their cousins once-removed: double tops and double bottoms). The stop being hit. The entry failing to trigger....
An acquaintance was able to sell his house within three months of the peak in '07 because he'd been following the residential building...
Based on the studies of theirs which I've read, I have no reason to believe that their findings are suspect. In fact, their protocols are far more...
This is incorrect. Volume represents the number of shares et al traded. If nothing is traded, i.e., printed, then there is no volume for anyone to...
If one views price as a bar or candle rather than as a series of buying and selling waves, then "volume" is not likely to be of much benefit. If...
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