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Hey, similar story here, stayed stuck at 2 senior programmers without enough local demand nor talent to expand further. What environments did you work with? Mostly web-related systems over here.

I argue that trading is business in its purest form: abstract bartering. Your inventory is whatever's in your brokerage account (currency or any other instrument you're holding) and you frequently buy and sell some of that inventory, according to what you speculate will benefit you most. (Some...

Here's the thing though: you're including gamblers and such on the trading camp, which skews the statistics quite a bit. People recognize dry cleaning as a business, but many take trading way more lightly. I'd be more interested in stats comparing small business success vs only traders who...

I don't know, but one around here went bankrupt last year. :eek:

Not sure, but I think you might be mixing up two distinct concepts here: trend lines are easy to understand tools, but they help visualize part of a greater picture, they're not a complete system on their own. You can learn what a line is in "virtually no time", but I don't see putting it to...

Might be a language barrier thing, but I'm not certain that I understand what you mean by "flip" here. Do you mean that the offer would be hit more often on the way up and that you start seeing bids being mostly hit instead around the moment when balance shifts to selling?

Interesting... My goal: continued autonomy, with income becoming entirely passive come retirement age (which I define as when I won't have the energy or ability to perform active income-producing tasks). Trading can scale which is neat, as my former occupation could not, but for me safety...

Given your own view that bars are arbitrary groupings of a continuous flow of transactions, I'm sure you can understand that someone might look for broader signs of behavior in a given view. I have little interest in entering a position every 5-10 bars in any view; that's just too crowded for...

On price alone, seems pretty straightforward to me except for 3 and 5 where I don't see anything significant and thus look forward to your commentary.

There actually are at least a couple, but they're just discussed as adjunct confirmations and indeed not drawn explicitly on the charts.

If you mean to illustrate that you look at longer time-frames to define levels which might become visible in the trading window, then yes I understand. (Clearly if weekly resistance shows up, it's more likely to be interesting than support from the last hour.) However each time-frame can be...

In this example though, you're following the logic I'm accustomed to. :) My question was why you constructed an up-sloping trend channel based on a supply line instead of waiting for the ability to draw it with a demand line. (In terms of extremes, up-sloping would use low-high-low points...

Oh I like the concept as well, just not how he formulates it with pseudoscience while actual science can properly describe it. "Emotion" or "emotional memory" or "experience" would've been just as effective; it's true that the sum of our experiences depends on their relative strengths (i.e...

Agreed, but you're missing my point which isn't about systems at all. :eek: A significant aspect of the activity of trading itself, regardless of model, method, framework, system, whatever you want to call it, is psychology, most notably fear. Letting a loser run, cutting a winner short because...

Quick question: here you drew a support line above, and cloned it below this up-sloping range, in order to use the earliest data points possible. However, shouldn't upwards trend lines be drawn based on a demand line? In the case of this specific chart from left to right, the first possible...

Best bet might be to visit a prop floor. Could be worth the road trip. There aren't really any up here but I'm sure they can be found in more places than just Chicago and New York... Or actually joining such a firm for a while might be the closest thing to an actual apprenticeship under a...

Thank you! I tend to be somewhat of a chameleon and absorb a field's vocabulary and philosophy rather quickly. :) My bio: I day traded stocks full-time in 2003 (mostly breakouts, having been "mislead" into those), hated getting pulled away by my other business but had to, then looked at daily...

Remember though, I come from stocks (10 years ago), and in those, entering on breaks yielded horrible entry prices, hence the falling knife analogy. Say support is 50.00 sharp and I put a short stop on 49.89, I had to expect a fill at 49.70 or much worse, and my stop-loss still had to be above...

My $0.02: unless some "tell" in context gives you a hint of bias either way, the conservative approach if you're uncomfortable is to stand aside and let it unfold. If you don't know which it is, you literally need more information. If it was just inventory changing hands from weaker to...

Eloquently put and corresponds exactly with my (albeit limited) experience. :)