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You can't deny that the psychological attitude that his "zone" describes is useful for newcomers to stop gambling or predicting and to start thinking in terms of probabilities.

If you know your instrument intimately, you still have a good enough idea of what its Average True Range is going to be.

I basically ended up going through all the PDF notes to find it because I missed it initially (it was the first one I checked!), which reminded me that I should review them all thoroughly soon. Screw it, I'll vouch for the guy a bit... Now that I'm studying Wyckoff in-depth I realize that what...

Experience. I think you're building intuition based on a growing amount of exposition. I remember getting to a point where I was calling reversals in UTSI in 2003 without patterns or technical studies. I think it was from having seen it go in real time for months prior. That's a great...

Nah, Forex shops are market makers; they always execute the price they quote. The problem here seems to have been the spread: the asking price didn't actually reach down to the limit buy order, only the bid did.

Tiny red down arrow and grey dotted TP horizontal line. :)

Analysis paralysis. Been there! :) If a double-top reversal's a possibility (i.e. seen plenty in backtesting) then it makes sense to take it. Big risk-reward ratio, so you don't need a high success rate. There will always be a contrary argument, which is why we need a back-tested plan which...

Exactly. From the chart I wasn't sure if you just highlighted the range or if the resistance level was there from prior price action. I too would've looked into shorting F as a second touch of prior resistance. (Actually in longer timeframes, I might've shorted D, depending on how much I...

At least in Canada, in the instruments available in my OANDA account there's the usuals like EUR/USD for example, but there's also "US SPX 500" which is OANDA's CFD for the S&P 500 index. HOWEVER, I see that there seems to be huge restrictions if you're in the USA. Compare...

Doesn't OANDA also offer you proxies to the NASDAQ 100, S&P 500 and a few others though? I know they do here in Canada. If they do for you too, you might even do something like chart the actual indices elsewhere like eSignal (to see the real price action and volume) and execute in your OANDA...

Limited experience here, and it's hindsight from having seen the whole chart, but from what I observed, we agree. Just for fun, let's see... After the possible range is delimited by D-E, you have interesting market structure to lean against for your stops, which to me is necessary to take a...

Not sure what I'm looking at, but it looks like that "TP" is awfully close to the extreme that was reached. Looks like the asking price didn't dip low enough to get you filled. How wide was the spread?

Certainly, in automated systems out of sample testing is a basic requirement, and so is forward testing before even thinking of going live. And even live, conditions change, systems need maintenance to stay up to date. On that front, I enjoy Adam Grimes' methodical musings, and I wouldn't...

Exactly. He was no more claiming authority when he was explaining parts of his own method in 2011 (facing very aggressive detractors, like some of those we saw here). I'm surprised at the amount of energy he devotes to price action traders given his own experience on the receiving end. The...

Regardless of performance or method (I just know it's "not Gann anymore" in 2011), what I did notice in a cursory glance there, is that he's received his own share of guru (or "false profit") name calling as well, with one third party defender being immediately called a "worshiper". Like others...

Wow, even spell-check didn't know that one! Thanks for showing me a new word today. ;) Edit: Ah, it seems to be "dilettante", which is why my spell check raised a warning. From the Italian/Latin verb for delight. Fascinating!

Do you mean the TopStepTrader combine in October 2012?

Beside the point, though; we were talking about ability to execute a plan without emotion, not the value of a plan. That's a whole other discussion to be had. :) Aren't we zooming in on bucket shops though? Do you see for example the NASDAQ or CME as being just as "rigged against the retail...

We've arrived down to "whatever works for someone" territory. :) Personally, the erratic traders I've seen were too emotionally involved to remain rational at all times and execute their plan as intended. For them, I don't think that viewing the market as a singular entity "out to get them"...

I think he was referring to the liquidity suppliers and not so much about the marketPLACE between participants.