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  1. L

    Why Is The Obvious Not So Obvious?

    I'm curious...was there ever any proof or suggestion that the riddle-makers in this thread actually knew the answers themselves? I think I read through the first 200-300 pages of this thread a few years back and I did find it interesting. I also noticed that there were a few posters who claimed...
  2. L

    Choice between Topstep and Oneup ?

    Fund your own account instead of paying subscription fees and demo trade for free. If you're as good as these programs require you to be - you don't need them. And if you're not that good - you won't make it anyway.
  3. L

    ES Journal - 2021/2022

    Smallest RTH range so far this year.
  4. L

    How much to add to a loser?

    Maybe your answer is to not trade during the opening, then? Generally, it's not unusual that you'll see some directionless volatility in the initial 15/30 minutes of the market. There's a difference between averaging down on a loss and scaling into a trade where you have a plan in advance...
  5. L

    ES Journal - 2021/2022

    Right. This week was a W - closing 4 points higher than we opened and net down - 6,50 measured from last week's close.
  6. L

    ES Journal - 2021/2022

    Buy the f''king dip is still working well. We now have 5 consecutive "Up Weeks" making the High on the last trading day of the week (Friday with one exception) with the last 4 of them all making new ATHs. This week saw some pulling back early in the week, but buy the dip crowd showed up just...
  7. L

    can price action predict market moves

    Not quite sure what you're trying to communicate here to be honest, but thanks anyway. Great trend day UP with the R/R greatly skewed to the long side. :) Generally, the probability of the indices (ES) tanking on any given day are very low. Given today's Open - even lower.
  8. L

    can price action predict market moves

    You are posting multiple charts in this thread - so one can only assume you're trying to demonstrate something. My reply to that is that charts are easily annotated after the fact. Trading them in real time at the right edge of the chart while risking $$$ is very different.
  9. L

    can price action predict market moves

    Yes, you posted it before the fact, but you didn't explicitly say it was a sell. What I'm saying is that it's very easy to annotate charts after the fact compared to actually successfully trading charts day after day. That's when the rubber meets the road. Identifying a level may be...
  10. L

    can price action predict market moves

    Sure. Let's be clear though. There's a big difference between annotating a chart after the fact and trading the chart in real time. In your posted chart - support held. On the swing low prior to that - support broke.
  11. L

    can price action predict market moves

    That would be true assuming an equal (random) distribution of the size of winners and losers. Successful trading systems with a lower win rate typically have average winners which are many multiples of the average loser, i.e., risk 1 to gain 10. In the end it's as simple as dollars gained...
  12. L

    can price action predict market moves

    While there are some who believe that - I don't believe I've seen anyone in particular in this thread claim that the market is random.
  13. L

    can price action predict market moves

    No. Risk management will only make you bleed out slower, i.e., if you bet $10 you can play 10 times longer than if you bet $100. But in the end you will still lose if you don't have an edge (positive expectancy) and/or sufficient market understanding.
  14. L

    Actual Journal Recording?

    I developed it myself from scratch starting a few years back and improved it as my requirements became more clear. The final refinement was to solve everything with VBA such that I don't have to 'copy and paste'. This is to save time as journaling takes time and I want to be as efficient as...
  15. L

    Actual Journal Recording?

    If you want good answers on commercial software it would be nice if you mentioned first which commercial software you tried and did not like. Personally, I use a fully developed Excel template which imports actual trade data from my trading software and where I've 'massaged' the data further...
  16. L

    can price action predict market moves

    No need to be argumentative or defensive about your approach. If you don't see the very obvious difference between interpretation of a chart and a rule based system you're either very dense or just being stubborn on purpose.
  17. L

    can price action predict market moves

    Managing risk while important will only make you lose money at a slower rate. The most important thing is to make a profit. Consistently. :) I'll give you two sample systems that are 100 % objective: 1) 10/20 EMA. Buy/sell on a cross. 2) Opening range breakout: Go long/short on a breakout of...
  18. L

    can price action predict market moves

    And that illustrates in a nutshell the perils and subjective nature of chart patterns. You'll have have the same chart, but multiple interpretations of it depending on who you ask. Hell, even the same person may 'see' something one day he doesn't see the next day. :)
  19. L

    ES Journal - 2021/2022

    Why not just hold forever if you believe the market will continue going up ad infinitum? :)
  20. L

    Ichimoku & certainty

    Hence my question with regards to 'luck' by stumbling upon the correct answers/parameters. :) I know from my own studies that the combinations are virtually endless... Good summary of what's required. Then you have those who test a few out of the box indicators for a day or two and know it...
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