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I agree with Fred, learning to trade requires a lot of time, effort and focus...call it obsession if you will. These days I review my trades at weeks end and compare with all potential signals and log results of mfe, mae, win/loss %, size, time of entry and so on. Periodically I adjust my tf's...

Yep, that's how many of us trade trends, by identifying correction completions on lower tf's.

As a rule, those who tend to work harder tend to be more successful....in any endeavor.

If you lack the time to do the work, it's probably best to look at something other than trading. You can't buy your way into competence.

2000 was the end of the tech boom, good companies had stratospheric valuations, mediocre companies had absurd valuations and fairly new IPO's (which seemed to come out every day) who were unprofitable and showed no evidence that they would ever be profitable had nose bleed valuations. It was the...

I use three time frames for day trading as they all need to concur in confirming a signal. Which ones to use need to be a function of your own trade style, temperament and personal qualities (patience, discipline, focus etc.). I prefer volume based charts as I like them to reflect pace of price...

As usual these discussions originate without qualifying definition so they degenerate into a room full of blind people trying to define the elephant. As a day trader of equity futures, I pay no attention to fundamentals. My signals come from my charts and my rules from my trade plan. On the...

:D

https://www.cmegroup.com/

:D

Good grief, today was the best trading day in the ES in months. Range, structure, volatility, volume...ideal.

Plenty of volume to back it up also.

I agree, I use targets based on average MFE in my tf's. It keeps things simple and it works and that's a good combination. More often than not an extended run will give multiple entries. If one doesn't then it doesn't...that's trading.

I believe the premise of the question is can an edge (big or small) be gained through technical analysis and technically derived trade plans. To those of us who trade technically for a living, it's a silly question but to a new comer or to one who hasn't figured it out yet, it's an important one.

I have one indicator based signal, multiple divergences across time frames. The great majority of my signals are PA based with a momentum oscillator which serves to filter and qualify the signal. It works for me but it probably won't work for so don't try :D

Virtu was not around during the tech crash.

Somebody mention beer? :)

Too left brain for me Tom...gestalt guy here :D

HaHa, yeah I'm not aware of a cutoff point, all I can say is it took longer than I would have liked.

Learning to read and understand price development and then developing a trade plan from such requires a lot of work. If you don't care to do that work then go ahead and say it doesn't work. For you it's true. For those of us, and there are many who trade strictly from charts and have done the...