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breakout bar?

I have problems with stop orders. Half the time when I have the direction correct I get stopped out at least once before getting in on the move, and by then I'm already behind. When I don't use a stop that just doesn't work at very well at all. Disaster usually ensues. Got any advice on...

What's a BOB?

I know you've said before that "Time in Market" = "Capital at Risk". Do you think if you sat in front of the screen and tried to trade all day long that you would lose whatever you made trading only during the best times?

I don't need to read up on history anymore; I've gotten an entire history course from reading your threads. I totally agree about the few using their power to control the majority. It's pretty clear when you stop & think about it. There are many examples. I have a question though...

TE, After reading about 20,000 posts of yours it seems the main message you have is that trading is gambling, and if we want to succeed we need to actually use our brains and think, create a process, and live our lives so that trading becomes our art if we truly want it to be so...

So here is a chart with some squiggly lines and pretty colors. What do you see on it that is important to you? There are thousands of charts to post................why this one? What on the chart helps you decide when to enter and when to exit a trade if you even placed a trade on this...

TE, Was wondering if you could offer some advice. I'm trying to create a process, but now as always I go around in circles when it comes to how to enter a trade. If you pick specific setups and decide you won't enter until those particular setups form you miss out on many trades. If...

TE, What do you think about adding to a position as it goes in your favor in regards to daytrading? Not all of the trades will have the same odds starting off, so do you think it's better to go all in, or to take a smaller position in some cases and add to it?

I think if you determine volume helps then you should use it; if you determine it doesn't help you shouldn't use it. You shouldn't dwell on it and study it though. For one thing you never know when somebody is going to put a huge order in the market. I know what your talking about with...

Here are my non-expert answers: I believe you should note which time frame offers you the best setup and then trade that particular timeframe. The best setup will be the one that offers the least risk. You want to be aware of what The Generals look at, and then if you see something...

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As ugly as the drop was last week if you look at a weekly chart of QQQQ you could have guessed where it might have ended up. I'd have never guessed it would do it in 1 day though, but you never know. It fell to an important level based on price and also important levels based on the 50 & 200...

05-07-10 04:04 PM Mysteron, What allowed this opportunity to be observed? The use of multiple time frames?

You probably shouldn't take advice from me as I haven't made any money yet, but look at a 3 minute chart of BDX from today if you can. Big green bar at 10:15 was a trap for the longs. Bar at 11:33 would have stopped out longs and caught short sellers and stopped them out too when it...

TE, What do you think of the Efficient Market Theory. It makes sense to me. If that's the case then all of the people studying TA or anything else related to predicting price are going to have a hard time. It seems that the main goal is to concentrate on other market...

I think a lot of amteurs, not me of course :), tend to buy breakouts of prior day highs and prior day lows. TE on the other hand, from what I can tell, prefers to buy the lows and sell the highs. Except on narrow range bars I would imagine. I'm just guessing though; could be wrong.

It's a monthly chart of BDX. You probably didn't realize it was BDX, so your guess was good enough. Looks like whenever price broke out he'd draw a box using the high & low of the bars, and he'd also draw a box using the high & low of narrow range bars from what I can tell. The bottom of...

I don't think you put much effort into that guess. :( Daily?????