Recent content by bik

This is the part I have found most difficult to figure out in learning Price Action trading. It seems to me the trade management part is critical in order for the Price Action system to be profitable, and yet there is little discussion about it. I've just been trying to figure it out in...

Thanks for the feedback Wolf and Josh. It helps for me to get other perspectives.

I'm hoping i can get some feedback for a trade on CL today. (SIM trading) I set a sell stop one tick below the red 9:10 bar. The reasoning was that price was bouncing off the larger TL and it had tried to cross the 20 EMA but failed (so I set the sell stop below the close of the failing...

This is the part I've been struggling with. I set a stop loss one tick below the signal bar, but not sure when to bring it up to break even, and then end up with many small losses. Can you add some comment on how to tell when price is not following through? thanks.

Lesson learned. I was following the index, saw the bear flag, but went with the movement of the index. Thanks for the info.

Hey that's great kingjelly. I was thinking of doing the same thing myself, but you've saved me the effort. I hope you are rewarded in profitable trading. :)

Can you tell me how it is that one can daytrade with a small account without violating the pattern day trader rule? thanks.

Thanks for sharing NoDoji. It's helpful.

SIM -180 15 trades