I agree about the intuitive aspect of discretionary trading, but still want to observe it in real life. Interestingly points, WRB. Now, the professional traders who I know and are anti- TA are mostly wildly succesful with all the trappings of success to go along with it. because they found a real edge to exploit, not playing the penny slots which at best, this PA trading seems to be. However, the majority of the TA true believers I know are not succesful in the market consistently and live meager existences eeking out a living----- There are exceptions, but the TA exceptions always involve managed money fee success-- so its tough to tell where the capital comes from. WILL ANYONE ALLOW ME TO OBSERVE PRICE ACTION TRADING FOR 5 DAYS IN A ROW, if you refuse to take the combine??
Because if someone picks up some price action concepts from my post (and these concepts are all over the internet for free) and "gets it", they might just be able to develop a trading plan of their own. All it is is trading inside a framework of basic support and resistance. It's textbook "garbage" as most seem to think. I know from experience, though, that less than 5% of people will put together a plan and of those that do, about 5% of them will be have the ability to trade their plan without messing with it. The kind of trading most people like is the "fade the herd, reversion to mean, counter-trend, average down, stops cause losses" sort of trading. Unfortunately, to be successful at trading that way, you have to have a huge trading account and about 10 years of experience.
My first time around, we had zero help, so I know how tough it is. Yes, i do feel very blessed in a multiple of ways-- its not always a fat old guy gets a second chance with a woman 1/2 his age,,,,,, surf
Well, I suppose I'm part of the T/A brigade because all my trade decisions come from two charts and nothing else. No CNBC (ack!) or fundamental crap or gut-feeling = wild ass guesswork or message board guru calls or twit alerts or anything else that has anything to do with anything other than price action on a chart. So far last week and this combined, in one of the deadest emini stretches anyone has witnessed in years (VIX at 12+?) I'm up +15 points TF and +160 cents CL per each individual contract. Some of those include net loss days on either symbol, some of those decent gains in both. Nothing extraordinary, just daily grinding inside thin markets. But I don't personally feel that +$1,600 per CL and +$1,500 per TF contract in six sessions each (one day off each symbol) is too bad... actually, I'm content with 200 cents CL / +20 points TF per contract monthly @ +$2,000 per contract either side. And if my word here ain't good enough between us old friends, all seven sessions, wins and losses, are documented inside youtube videos for all to view, warts and all. So maybe this was just a random run of luck... but TA is what I do, TA is all I do and there is nothing else for me to do than that
I've seen you in other threads talk about how important discipline and trade experience is for you. Therefore, you saying they have no impact in your trading and its just TA and nothing else.
PA trading requires an intense focus (ie read NODJ post a page or so back). No one wants a yappy, annoying person (generalization) looking over their shoulder while they execute their trades. You should be happy NODJ even shared that with you (everyone here) at all.
Surf, As I recall, Doji said she has mentored a number of people from ET. I don't know who these people are or if they are successful, but she says she has done it. If she offered a mentoring opportunity to you, would you accept it? Maybe good material for an article, no?
No, I have no interest in being mentored--- I just want to observe in real time someone actually succesfully trading commodities in the described way. surf