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I tried to reply to your later post, but it went away! Where did it go! I PM'd you back when you were looking for a trading room - I think it was 6E or ES or something - it was a friendly PM, an invitative (that's not a word, is it...) (maybe you construed it as TOO sexy??? :eek: ) hand of...

I guess I'm not drawing a very large audience because ET hasn't offered to pay me and neither has Al Brooks and I think he owes me big time. I helped him sell at least 5 books that I know of. Quite a few ET members have offered to pay me, though, but I decided to pass the whole trading...

Hey, Cap'n, good thing you quoted Blotto or I'd not have had the chance to see this: "The last person I warned, cl marathon, was not suitable and went on live trading further until he lost what he could lose. No doubt because he was encouraged by that dangerously plausible know nothing NoDoji...

Wow, this thread is back from the dead :p The truly democratic way that Elite Traders determine who's real and who's a closet Australian truck driver is by conducting a poll. It could go something like this: Anekdoten is an Australian truck driver, not a real trader. Anekdoten is...

Now there's a contract that has a peel to me. I mean, come on, even a monkey can trade bananas!

You'd be surprised how long a trending channel can sometimes be defended. I've seen the ES honor a channel for the better part of a day before finally reversing near the close. I've rolled my eyes and thought, "There's no way this can work again, it's way too obvious," and it works again, and I...

Trend/channel lines are only lagging in that three points are required to draw them. Draw them as soon as three points print. Trade both directions if the channel is deep. If the channel is narrow, position in the direction of the trend and avoid counter-trend trades until the channel fails...

TL/channel lines are just a guide. You watch price react to those areas of S/R and take profits/reverse or hold for more accordingly.

You're welcome. A lot of people refer to a 20-bar moving average as an indicator and in a way I imagine it is an indicator because it gives you a very quick indication of whether price is trending (rising/falling MA) or ranging (flat MA) in a given time frame. I use it as a mobile...

One more thing, bhardy, and I promise to shut up for at least little while... The greatest benefit of true price action trading is that it has withstood the test of time, demonstrating viable profitable edges that have worked for decades. There are hugely profitable alternative trading...

JN, thank you for your kind words, I have enough ego left to be very happy someone took my advice :p :p

The fact that you stated it as a goal means that number is in your head somewhere and the fact that you're asking our opinion of its viability tells us you probably haven't done the groundwork necessary to be consistently profitable. If a minimum profit goal is in your head in any form, this...

The reason I assumed you either didn't have a plan or didn't follow one is because the definition of "confession" is: 1. A formal statement admitting that one is guilty of a crime. 2. An admission or acknowledgment that one has done something that one is ashamed or embarrassed about...

It's possible to generate a six-figure annual income trading a single currency futures contract, and I'm pretty sure the intraday margin to do that is less than $10,000. Larry Williams turned $10,000 into $1,000,000 in 12 months in a futures trading contest, then 10 years later his teenage...

No, it doesn't. I think what Lornz meant to say was "By trading a valid approach." Many people have a valid approach, but seem to be psychologically incapable of trading it because of bias, emotions, and certain character traits. When I was in my first year of trading I had the daily...

I'm an intraday scalper meaning I look to capture profits from intraday price swings. That was the core of my research and trade plan development. I wanted to extract profits from price swings (or as Cheese puts it, "gyrations") in either direction, because on most days price swings back and...

What I said was, "If you learn to identify trends and reversal setups and take screen shots of these patterns, it gets pretty easy after a while." I also said, "Then study a hundred charts of your instrument(s) in your time frame and collect statistics in spreadsheet format until you...

My trend/range identification, setup patterns and entry triggers all come off my single trading time frame (5-min chart, as I'm an intraday trader). However, I do use other time frames for reference. I use a 60-min chart to make a list of all 60-min bar highs and lows that are next in line...

The "How-To": Effective trend-following requires the ability to enter from pullbacks and breaks out of consolidation. Chasing a trend will generally result in getting stopped and chopped until you give up and decide the only smart way to trade is to fade trends. That will generally provide...

And trend-followers are wise and profitable traders. You can learn the difference for free with books from your library or on-line, or from threads on this forum; but no one, not even a one-on-one experienced mentor, can convince you to trade this way until you learn to see it, trade it and...