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"...decided to trade in the direction price was moving." If trading in the direction price is not moving hasn't been working out for you, maybe you should give this a try.

"If I can learn to take winning trades, then I can work on developing habits of self control" No. If I can develop habits of self control, then I can learn to take winning trades.

When looking into Hurst it might be helpful to consider that as an Aerospace Engineer he drew upon the science based analysis tools available to him in his research focused on wave theory specific to submarine and space communication and applied them to the non-science of stock market price...

http://www.lockhaven.edu/~dsimanek/pseudo/fibonacc.htm

A different view on Fibonacci: https://www.lhup.edu/%7Edsimanek/pseudo/fibonacc.htm

This is likely the mid-point of another leg higher

Think of it as a trade with low probability and high risk. Like being on the wrong side of a 3X ETF. Generations from now your descendents will look back on your actions as the reason for the great schism in the family.

I agree. Another way to say the same thing is that most traders don't know what they are doing and this supports NoDoji's assertion that you have to have an open mind to learning. My feeling is that we all are looking at the same problem from different perspectives. Because of that we...

All of what we say in this discussion is true or false relative to our perceptions of the way we think things are. Given the complexity of the electronic marketplace I don't believe it is possible to know what exactly what is going on. Individually, traders can certainly be on the wrong/right...

And therein lies the problem. A part of my comments were related to the notion that regardless of the efforts made and quality of the education the large percentage of retail traders will ultimately fail. If 90% fail regardless of methodology then the cause of failure cannot be seen as...

To the extent that institutions are on the other side of every trade of any size at every price and simultaneously filling long and short trades then that would be true. Is it possible that an institution filled the 30 contact buy at the start of the trade and that a 2nd institution took the...

>> This still doesn't make it easy to implement... How did you come to think that trading would be easy? There are certain inescapable realities in modern life. Jobs that are easy to master are jobs that almost anyone can do. Jobs that are easy to learn require no special skill sets...

>>Technical anylysis and price action fail , and I can show thousands of examples of failures. If you accept the argument that 90% of all would be traders fail and this failure rate is evenly distributed across all trading methodologies than the fault is not with the perceived strengths or...

www.cycleswhatcycles.blogspot.com

B and C are mirrored images.

Reverse scammers present "The Lads From Lagos" http://www.scamorama.com/

Too late to edit... intended to say "ajoins Blue Ridge Parkway and Great Smokey Mountains National Park"

Lived in Arden for 3 years, right next to Asheville, about a mile from the Biltmore Estate, on the edge of the Pisgah National Forest. Hiked every trail in the Pisgah over that time. Saw a black bear on 3 occasions, may have been the same one....it wore a radio collar. But otherwise there is a...

You didn't as my comment was directed to Truckload in response to: I don't know why anyone would want to automate trading if they are going to sit in front of the computer the whole time. Sounds kind of stupid to me. Sort of defeats the whole point of automation. Which is why I said...

Your making the assumption that automated = un-attended is where the problem originated.