NoDoji, Good posts earlier. Looks like all your trading is primarily on CL. Do you also trade ES / NQ? Have you traded them before and stopped and moved on to CL? Buster
Many times I am never able to understand why someone is able to successfully trade 6 contracts of CL and catch 100s of ticks (like in the video) and still focusses on selling trading room memberships and indicators instead of increasing their size In any case two interesting points from that video area how he moves his stop to every swing higher low as soon as a new HH is made. Second is the entry seems to be BO in a small timeframe tick chart. He is adding as the price goes in his direction. He adds on every HHs. As soon as it makes a LL he is out of all. Though not too familiar with CL PA, looks like its more momentum based instrument compared to ES which goes back and forth for ever. Buster
Adding to winners it's important but our human nature makes it hard for us to do it. I've been incorporating it in my trading and have obtained very good results. No Heat PS: I also don't understand why people have to manually annotate their charts for their exits and entries. It's not very believable when you do it like manually, why go through the extra work? Almost all packages do it for you instantly, you either did it or you don't, gotta be careful in ET with Monday morning quarterbacking and bullshitters.
The screen's/charts that you can see on them videos is not the screen of the person commentating on the market just so you know. So, he could be using anything to pick his trades. We'll never know. May not even use charts at all.
Nice trading. Looks to me like all wins. May I ask why you didn't sell again around the 10:30 to 10:50 candle? It seems to coincide with the price action technique being discussed in this thread. Please don't take this as an insult, I'm not trying to pick apart your trading. I'm just trying to learn a little.
One thing I don't like about the ET forum software is when someone posts a huge chart (or any wide image), it applies the extra wide formatting to the entire page of the thread rather than just that one post, so I have to scroll left and right to read each line of the post. And since I put 40 posts per page, it affects a lot of them. (I never understood why the forum default was 5). Agreed. I also like that you included the little flags showing the actual entries, rather than just the top and bottom arrows showing which candle you entered on but not actually showing the exact entries. A lot of people only use the top and bottom candles because it makes it look like the called tops and bottoms while covering up some losing trades. This.
The other bullshit you have to be aware of is people who post after-the-fact trendline charts where they made entries exactly at the first bounce. Somehow noobs overlook the fact that there was no way of knowing there was going to be a trendline at that time because doing so would require calling an exact bottom. A "guru" will post a chart like this: Yet at the first trendline bounce (red circle) there was no way at the time to know that's where the trendline was gonna go, so there was no possible way to know to enter there. The third and fourth bounces, sure. But that first one? Nope. This is the kind of bullshit "gurus" use to sell their shitty courses.
Ya tell me about it. I can smell "gurus" from afar. The typical excuse is when they say but I post livecalls. Listen, with livecalls it's so easy to manipulate the exit, the entry the fill, the stop, the lag allows you to do this, it's all bullshit. That's why "gurus" got so many followers. Another good excuse is that they are so great and so powerful they don't like to show their HUGE sizing lol, which btw is something you can choose to hide with your software package while it still plots your entries and exits except they hiding it cause why would a "guru" trade small size ? He's a "guru" after all you know he's supposed to be huge lol So much bullshit, in this business you are a slime unless proven otherwise. Believe 1% of what you see and demand proof on that 1% or dont believe it either. Ya, im a skeptic but in this business you must be. NH