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...position trading with a small account? My 2 cents here, feel free to argue: Whoever ventures into stocks first finds that trading them based on weekly and daily charts or even longer term timeframes is worth the time, having a small account where he can control his risk to not be larger...

here come the smart comments... a trader "should", "could" bla bla bla

houstonmark: have it your way i don't care about you pointing a finger at me. what i say is what i see in the markets every single day. i would appreciate solid counteragruments. spike: i already told you earlier in the thread that this thread is not about you. who cares you trade since 1990...

reliance on mechanical tools in trading is a direct result of the fear of being wrong, so we can then blame the indicator for our lack of insight.... i suspect following a trend in the hope that price will keep trading in that direction is also derived from this fear. sometimes it's like...

in my humble opinion, trying to follow a trend is saying that because price has been rising until now, there is a probability to rise even further. now, in some markets that is happening often, with trends that last longer, are more fluent, but there are markets, like the fx where price...

i agree with the original poster, and many of you have actually missed his point. Trading is HARD because we make it HARD! There is an ancient chinese proverb: "He who thinks all day about money, goes to bed tired" Hahahaha :)

It seems that everyone starting out and not making the mistake of throwing hundreds of dollars, if not thousands, off the window on online mentoring programs and chatrooms is buying books. People starting out buy books to find out more about the market. They stumble upon technical analysis...

ok, then let me make my statement/request clearer. When I talk about trading with the trend i am referring to: a) spotting an already existing trend b) spotting where is support in an uptrend and where is resistance in a downtrend c) execution when price reveals support / resistance...

and let's not pick on each one's argument. After everybody posts, we will do a synthesis and draw a conclusion Ok?

guys, I appreciate the posts. But listen, let's not turn this into a personal battle. Let's accept that we all have different approaches to trading. Let's break it down into PROs and CONs. Why not everyone who is a trend trader state the PROs and CONs of following a trend and...

i think the higher timeframe bars represent trends better because, besides technicals, fundamentals come into play a lot heavier and human emotions are not as powerful as on the intraday charts. decisions are much more thought out. you can't really talk about order flow on the monthly chart ...

:)

and by 70% i am referring to the probability of the next S/R level being hit. for example, if you use pivot points and you have an upward break of the central pivot resistance cluster, the chance of the next M point (between the CP and R1) is fairly large.

mark: yes my execution technique is based on breakouts from small consolidation clusters that occur at certain levels intraday. the clusters are formed by one or two S/R levels and a tom de mark trendline. (could be daily pivots, weekly pivots, 00 levels, previous day's high/low) they...

sorry to hear that. IMHO, the reason most breakouts don't work is that most of them happen after the market already participated or positioned itself for that break and new orders are not coming in... however, sudden breakouts sometimes work, especially from narrow ranges, and that is...

interesting idea. yes, new stops will be placed above recent highs, however, that wouldn't matter until the new decline ends.... and since you were only looking to take advantage of the decline ... it's ok... or is it? i feel that if more stops accumulate above the new highs and price does...

and to get even more precise let's consider a setup that can be derived from this situation: Europe session establishes a high and a low, therefore a range that we will call X. stops are accumulated above the high in a zone that is about x/2 wide and below the low in a zone that is about...

moving on... i want to bring this discussion further. looking over a year's worth of data (i had to plot the sessions in excel as the fx daily chart is useless) i saw that zone that had large accumulation of stops either from the european or from the asian session had a large chance of...

spike: if i misunderstood your opinion i am very sorry for being trigger happy. the thing is that i posted because this is a very new idea that I had. when looking over the data it revealed to me a much more productive point of view than the one i am currently using... (which follows trends)...

i didn't say if i agree with jack or not. i was only admiring his eloquent post. spike: i have no idea why you believe that you are succesful and i am not. just because i dont necessarily trade with the trend and you may be doesn't mean you are right and i am not. til now, your posts have...