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It hit my target earlier today.

Since @padutrader was so kind to bring up the subject of momentum, here's a snippet from Linda Bradford Raschke in New Thinking in Technical Analysis: Trading Models from the Masters (2000) New momentum highs or lows can be made in a trending environment or on a breakout of a trading range...

Padu, the last thing you wanna do in this business is to reveal your hands to the entire world. Whatever your "objective" is, I suggest you lock it up and throw away the key. Otherwise, you will lose it. I assure you.

It's called MOMENTUM. It's a complicated subject, not something I wish to discuss.

Sorry, but my job here isn't to teach. I'm just sharing information I find it useful (or what I would show my younger noob self if I had the chance). Perhaps this might stimulate the imagination for some traders to carry the torch on their own. Anyway, you're more than welcome to share anything...

“A journey of a thousand miles begins with a single step.” — Lao Tzu

This seems to be the perennial "obvious" that isn't so obvious. Here are some boilerplate questions that might steer you in the right direction. Do you know: What to trade? How much to trade? When to trade (that is, when not to trade)? When to exit the trade (when you're right and when you're...

3-Bar Reversal. Simple and yet powerful. So simple that people ignore it altogether (at their peril).

I thought I already explained all that in real time. Take a look here. Everything starts from this post (and the next 15-ish posts): https://www.elitetrader.com/et/posts/5890033/

This is the classic textbook definition of Triangles. Where are you focusing your gaze? Most traders believe triangles are all about breaking out of the support or the resistance. But what if I said it's more about HL and LH?

I want to set some facts straight. First, I ain't no Brooks' acolyte and I wasn't in any way defending Brooks. All I was asking was that you trade properly, as if you were trading live. But obviously that fell on deaf ears. As far as your reputation is concerned, it will remain intact, not...

You have no shame, bro. And none of what you say above is true. You are NOT short right now from 4510. You actually got stopped out at 4527 and should be long. Obviously, you can't remember what you wrote. This wouldn't happen if you were trading live. This is what you previously wrote...

As far as I'm concerned, the following rule is all there is to know about trading. It's enough to make you money, and a lot of money if you know how to use it properly. Courtesy of Al Brooks' Trading Price Action Trading Ranges (2012). Comments in italic are mine. Whenever there is a breakout...

Short @ 150.72

Sorry, but that's proprietary. But if you're long, I suggest you get your ass out of the trade. This market will roll over any day now. Speaking of which, I have a resting order to go short @ 150.78. This could be a big one IMO.

Only in a trending market. Not helpful when it's rangebound like today as you can see...

Just unloaded the short position at 150.67. Not sure I feel all that good about this one, since I gave back nearly 1/3 of the windfall.

Will be jumping in long at 36,000. C'mon, any minute now.

Nah, it ain't that bad. Been doing it for 20 years now. There's plenty of dumb money here as well. As I've always said, don't be looking for smart money to follow. Look for those who are dumber than you. That's the only way to SURVIVE. Seriously. “Every morning in Africa a gazelle wakes up. It...

Hope you're all doing okay.