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There are patterns, but to do this kind of analysis is a waste of time and energy. The patterns that are based on psychological behavior work the best (extremes for example), and then it is just a matter of skewed risk/reward, the right position size, and tada, you have the perfect trading system.

It all has to do with supply and demand. It only looks like the noobs sell at the bottom or buy at the top because one of the characteristics of the noob is that they are part of the very last supply or demand and nothing is left after them. So all the sellers have sold there position so the...

If you draw a time unit worth of trading, you have an opening, low, high, close. If you draw a daily chart each bar will have an opening, low, high and close. If you draw a weekly chart, each bar will have an opening, low, high and close. If you are seeing more up weeks then down weeks, you will...

Okay, How do you know we see the same color when we look up to the sky? You call it blue, I also call it blue and the only reason for that is, because we have learned to identify when we see blue to call it blue. But it could be that you see purple for me and you just learned it to call it...

I do not know you, but it makes me sad that what you have written here is true for you. There are no secrets to trading. Or maybe just one: You can only trade what you belief is true. But for every trade you take, someone else must think the opposite, otherwise there would be no market.

To really trust a system you need to understand what is does. So, you start from your beliefs, objectives, low risk idea and then the tools to implement your low risk ideas, that can be a chart, indicator, whatever. Most people do it backwards and start with what they think that they see from a...

I also believe he is very intelligent, but in reality, about trading, he is just on another level of the Kruger Dunning Curve.

Good for you. The second one is mine:

I use stops and my confidence is just fine in my trading, thank you. Averaging down is not my game. If you make al what you are posting, a succes, more power to you. I really hope that with all the knowledge you have displayed also make money. You are intelligent enough. But how stupid would it...

This is exactly the reason why every trader uses stops. There is a supply and demand every moment and when that gets out of wack, no theory will hold.

I'm out... you are an accident waiting to happen.

It reminds me of a story between an analyst and a trader: The analyst, here look at this chart, the price will go like this, it will hold here and then go like this. Trader: How do you know? Analyst: It is clear, here look, price moves according to my model in the past, it will repeat. Trader...

When I´m in a trade that really goes my way, it closes out at the end of the day. It is really beneficiary to not sit behind the screen watching it, for me. Sometimes, if I have the time, I look at the last 30minutes, to close the trade, because you get a reaction back most of the time in a...

I do not think I can give you the right answer, but for me it was a couple of things: 1) having a skewed risk reward system of 1 to 5 2) understanding myself and what I want to accomplish with trading 3) realize that a system that returns about 200R a year is crazy successful in trading, so I...

Great suggestions, thank you. I have had the good fortune to have someone in my early years that made me aware of the concept of self sabotage. But your definition is more beautiful and explain it better. "Secondary Gains" are very powerful. The learning curve of your self and what you really...

Great post and great alternative way of explaining how a human brain works. Do you know and can you share some simple techniques?

There is story about a floortrader that believed he had a connection trough a Coca Cola bottle with aliens that tell him which way the market would go. When he was wrong, he blamed it on the connection. He was a very successful trader for years. In retrospect, he just ride his winners and cut...

Even if you could automate your trading, this behavior would interfere time to time and end up with a loss in the end. The answer is not some new trick, but a deeper understanding of what you want, how you think and why you react in different situations. The goal in trading is to be clear...

If I read your responses, I think you missed some basic stuff of being a successful trader. 1) What is your objective of your tradingplan? For example, mine is catching the high or low of the day and riding it to the close, hoping for a large range day. 2) What rules do you need to accomplish...

Sure, I also use the ma for that. I use them also for value of the mean. Further from the ma, the more I´m looking for a reverse to mean, against a value area of the MP