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to the OP: be well maybe someday i'll show you a year's worth of your method applied on the EUR, with some momentum based adjustments, that led me to ... pretty much nothing. (hysterical winning periods when markets were volatile and long worn out periods of losses when markets were...

got it maestro ;) however, not to worry, it takes years to understand this, and then some to put into practice... so ... let it be

the word setup should be banned from the world of trading. really. what is it with you people? you really think you see something that others don't? an edge does not come from a setup. it comes from play and money management. what happened and what is to happen have no correlation...

you're welcome and good trading to you too. i'm not really that posting/sharing type plus a screen capture of the chart doesn't really say anything about the execution ... only a video might do ... it's very fast. :( for example, i took a trade today and i don't know why, probably early...

pretty much yeah ... but here's how it usually goes for me ... i place an order for a breakout for instance. when the order is taken, i give it about 30 seconds for price to make an advance of about 10 points, and then i trail to breakeven. if it reacts negatively, after 30 seconds, i try to...

ORDER FLOW around Support/Resistance ZONES (as opposed to levels) is KEY. I am trading the EUR on 5mins and S/R levels on a 5min if you play the trades right are just as effective as 1h or 4h levels... just watch order flow. getting a feel for it is what sepparates you from the crowd and...

we need to call the secret ninja trader who possesses the magical zen touch who will show us the not-so-obvious truthful way into the light ....

all this talk about the obvious and the not so obvious is completely stupid... you can make money from the obvious if you plan on using the obvious and you can make money from the not-so-obvious if you plan to do that...

bla bla bla .... This thread is a useless read.... Why do 95% of traders fail? What does a trader need to know in order to be successful? Who gives a flying fuck? No ... really .... Stick around long enough and you'll know what you have to do to make money... And that's that... what the...

MONEY MANAGEMENT IS THE TRUE KEY TO TRADING SUCCESFULLY AND THERE IS NO COHERENT MATERIAL ON THIS SUBJECT. BECAUSE ... IT'S A COMPLETELY INDIVIDUAL ISSUE (meaning it is 90% correlated to the way you actually are as a person)

NO TRADING FORUM IS HELPFUL

NO TRADING BOOK IS HELPFUL.

Y

hey again ... :)

Hey

you, my friend are wrong here. maybe you have your facts wrong, but as i know, Livermore's approach was a very clear example of scaling in . he would place a small position and if the trade worked in his favour he would then add the bulk of his money to make his profits. i have no...

plan your trade and trade your plan. nothing more to say...

what's the relevance of this to trading?

definitely a good post. i doubt however that newbs will understand each point posted by the OP. i doubt.... let's face it, when each of us were noobs, we didn't get it either...

again, the only real EDGE is out in the open and you can hear it from old traders as well as people who have made it and wrote a book about it (see marty schwartz and others) yet new traders fail to grasp what it truly means: KEEP YOUR LOSSES SHORT and LET YOUR PROFITS RUN. There is no...