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Look at a longer term chart such as hourly, notice the symmetrical triangle off an oversold condition after several down days. Oversold bounce is "due"; the double touch higher support (1279.25) at the lower TL is a strong long signal for a range breakout and very likely a trend day.

Price action trading refers to trading based on the footprints left behind by price bars, watching how price acts at support and resistance levels (previous bars' highs/lows, previous swing highs/lows, trend/channel lines, and optionally a moving average which often acts as mobile S/R) and...

I see a clean channeling downtrend, followed by a channel breakout. The only way it becomes disastrous is if you don't exit the long position at some point when the channel breakout fails to traverse through the previous resistance. A breakout is only as good as the next S/R level in line. If...

Do you have a written plan, based on your own (or your firm's) thorough research? If not, you need one. "Stop it right now!" - Mom Your day's P/L shouldn't influence size. Trading is a game of odds, and you want odds in your favor. By randomly changing size based on something that has...

I see price pattern setups result in predictable moves so consistently that I assumed it was algos making it so easy. A bunch of humans trading manually couldn't possibly create such reliable follow through.

This is for the folks who still think discipline can't provide an edge in blackjack: http://www.elitetrader.com/vb/showthread.php?threadid=221709 Jim Wortman, a former Atlantic City casino executive and nationally recognized gaming expert, said it was entirely plausible for one player to...

Could you please post the chart showing this trend line giving out long signals that cause you to lose your shirt? I'm very curious how trading off a trend line can cause significant losses. I found that this style of trading has resulted in smaller losses and larger gains because of the much...

You won't get such a study, because a whole foods diet including meats eaten in moderation is not harmful in and of itself. Sadly, hardly anyone eats that way throughout their life. We grow up with a high risk of becoming addicted to refined foods and dairy products (especially cakes...

The foundation of a successful trading system must be formed on probability in your favor over time. Once you’ve performed enough research and testing to demonstrate a statistical edge over time through varying market conditions, belief in the system will likely follow. Even at that point...

Excellent information, with ample scientific evidence backing it. Cholesterol accumulating in the arterial walls to form plaques and pustules is indeed the result of inflammation caused by refined foods and by a heavy load of cholesterol from animal foods and refined fats (oils). (For those...

Yes, but 5 weeks ago when you started shorting we were in a well-defined and strong uptrend and hitting new highs, so I assumed if you were a trend follower, you would have bought the dip off that high and not started shorting until the trend broke down. I assumed you were a counter-trend...

Did your patience serve you well when shorting every bounce from early December?

I like to share useful information to help dispel myths and misinformation, especially when it's regarding a subject about which I'm both passionate and qualified to discuss. I'm a nutrition mentor for a certified clinical nutritionist and health coach and I have over six years of experience as...

People have a strong tendency to latch onto the tiniest things that validate a strong belief, even in the face of massive evidence to the contrary, rather than give up the strong belief. If the preponderance of evidence pointed to a high fat/high protein diet preventing or reversing serious...

It's quite possibly the amount of fat in the diet: "An unhealthy diet will increase a person's susceptibility to known causes of lung disease, such as allergens, tobacco smoke, infectious agents, and air pollution. One of the best examples of the importance of diet and lung health is...

After more than 3 years on a whole foods plant based diet, a B12 supplement is recommended if your levels are low, because your body stores B12 for about 7 years. The amount you need can be found in a basic One-A-Day type vitamin. All other nutrients are provided in abundance on this diet...

I disagree. I have no idea if 90% of the traders or writers I've listened to are profitable traders, but the information they provided was helpful and helped me develop a consistently profitable strategy of my own. If you hear or read some trading advice and you study it and it's useful, does...

Irrational panic/exuberance leads to capitulation. Either longs sell on news anticipating further selling which leads to further selling, or shorts buy to cover on news anticipating further buying, which draws in more trend followers and drives price up, leading to more short covering and draws...

Thanks for the input, HB. When I say "long term" it usually turns out to be 3-4 months max :p Most of my IRA swing trades are 3 days to 2 weeks, truly catching a "swing" in price off the daily chart. I do prefer dividend-paying ETFs for true buy and holds in the IRAs. IRR, for example...

To make a living trading you need to generate enough income to pay the monthly bills, cover taxes, and put something aside for fun and for savings. So the trading plan needs to be able to generate that minimum profit or you won't be able to trade for a living. I trade a volatile contract...