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pay very close attention to the beliefs lying around. trading is believed to be outside, and while indicators may be an "outside" thing, edge is definitely not an outside thing. EDGE is what sets you apart from other people. You may have an edge over someone having the same setup as...

ok. this is useless. be well all of you. this is my last post on ET. there's no point in sharing anything with a bunch of losers.

oh... i forgot... swing analysis has always been about identifying emotions... in case you didn't know :)

I trade price action. Nothing new in that, but i am starting this thread because i need to share something: A setup that has no psychological reason behind is prone to failure. Why? Because when you try to find a setup, you should be actually looking to gauge an emotional state that has...

it all depends on you and your goals....% is irrelevant because this is not a contest so you really shouldn't care about how everyone else is doing. you can make money consistently... fine. then design a plan and start diggin.

see, even with 70% winners with a 1:0.8 risk:reward i'm not thinking of making millions in the market.... everybody serious knows that markets change the way they behave and putting your trust in your strategy and building a long term plan on a strategy is a failing school of thought... instead...

not scalping at all.... using only price action and 2 very well defined setups that, through screen time galore, i managed to filter them in my head and ONLY take the ones that look the best. very few trades/month actually (in the range of 15 - 35)

and oh .. by the way ... how can you talk about ROI when talking about daytrading ? ROI means return on investment... you are not investing in anything... you are speculating price change....

it all depends on how you lay out your strategy. for example. i like to go with very small accounts. i would take a 5000 account (which is a fraction of my money) and risk about 10% on any trade with a strategy that usually gets me about 70% winners, 80% if i count breakeven trades. what...

germantrader: there are investment vehicles like real estate that can yield you a lot of % yoy. just think of buying a 100K euro apartment that you then rent it for 2K / month and you have a 24% return on your investment yoy. buy 5 or 6 of those and you are financially free so to speak and live...

this is a stupid thread. there are losers and winners in the long run and that's it. thing is daytraders that make consistent money, most of them are smart enough to park their money into safe investments like real estate, other businesses, venture into new projects, etc. you can't do...

she was totally bullshitting you.

keep it simple

the stop loss should be the worst case scenario, like let's say you enter and then the market heads straight for the stop, case in which you can't react in any way but take your loss. however, the better you know your setup and what need to happen, the quicker you realize when the trade is...

rolextrader gets the big prize this year for his post. it's one of the most valuable things said on this forum in 2008. you NEED to identify those non-random situations... and thank god, if you look for human emotions on a chart, you'll find those situations too.... big up rolextrader.

well, choice of indicators are really a matter of debate (as well as their parameters) the idea was that they are somehow useful at identifying a condition before one acts based on other cues.

i used to do that too ...

I have been a long time fan of price action and my setups do use only S/R at the moment, with a healthy dose of swing analysis for identifying wether i have an edge or not, throughout my various setups. However, if used in the right combo, indicators have a certain value. If you limit...

to the mother :D

price action is king because price is the cause and also the effect as opposed to indicators that make traders who use them feel that there is a cause effect relationship between indicators and future price movement...