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Not sure if this one is even worth posting, since it seems to get rehashed every day on the web. Money/Risk Management There is one thing more important than any method of trading anyone could ever teach you. Money management and risk control are critical to trading success. It is not...

She doesn't look ready for the Three Pushes or the Second Entry :D

Before I forget, SL 38100 PT 36000

Thanks for the tip. But I think I'll just stick to the futures for now since I love shorting it so much. :)

I just got in short at 37,500. But I shouldn't have gotten out on Friday. Thanks for reminding me. :) BTW I meant 18:00 EST.

Well, to add some context, you should be mindful of the following: TREND: Strong (or fast) trend vs Weak (or slow) trend RANGE: Range expansion vs Range contraction

Volatility Matters When the market is trending, you'll notice that the price will alternate from periods of low volatility to high volatility. When there is low volatility, you'll see the market at equilibrium, in consolidation, or moving sideways. When there is high volatility, you will see...

What I meant was, there should be a reference point that serves as a "resistance" that you break out of. In your case, there was no resistance level (to the left).

Note: This is not my view of Price Action, but it's a good way of looking at it nonetheless, especially if you're new to PA. Chart analysis doesn't attempt to forecast or predict prices. It is more about watching the price action and reacting to what happens. The trend followers, for example...

While technical analysis, like moving averages, oscillators, and other indicators, is simply different interpretations of the price itself and can be helpful in your trading decisions, studying the way they work isn't the same as price action analysis. This difference between indicators and the...

Well, he promises to journal his trades so we'll see if he'll end up pooping or not. Frankly, he sounds constipated.

But there's one problem. This ain't no proper breakout. Look to the left of the chart. There's nothing to base the breakout off of. This is a proper breakout.

Do you remember when @padutrader stated that reversals don't exist for smart traders? It's ALL a series of continuation. Similarly, classifying what is range or trend is meaningless. They're just lines. Some lines are flat and some are diagonal. That's all you need to know.

I'm glad to know. My buddies at Virtu are also telling me they're revamping their entire algos over the weekend. :confused:

Oh, so you have posted live trades? I'm no stranger to live trades either. In that case, may I suggest you create a new thread and post your trades in REAL TIME? We can then further discuss the merits of your system.

I'm sorry, but this is why traders like you keep losing time after time. You show your hands to the entire world and hope nobody would notice. To illustrate, Let me refer to the chart that you've posted. Look at the area of breakout where you annotated. Why do you suppose it reversed back...

The question then is how do you know that you know how to trade? "It takes a man a long time to learn all the lessons of his mistakes. They say there are two sides to everything. But there is only one side to the stock market; and it is not the bull side (Greed) or the bear side (Fear), but...

Glad you finally figured this out. But there's one more to the equation: momentum. Take your time with this one. It won't be easy. :) Remember, Price = Momentum + Time

When you watch an NFL football game, you would notice how the offense and defense are built around distractions and misdirections. It’s a game within the game. The stock market is no different. Technology has allowed noise into our lives for good and bad. Bankers, brokers, analysts, talking...

POINTS AND TOUCHES If you read the available literature about point spacing and trendline touches, the authors say that point spacing is important and the more touches a trendline has the more significant it becomes. I have no idea what that means. Does significant mean that a breakout from a...