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BTW, just looked up your location. Looks like a beautiful place!

Started with "Understanding Price Action" by Bob Volman. Very good book. I then bought "Trading Price Action Trends" by Al Brooks but found it hard to read. I purchased his online Price Action Trading course where he uses videos and charts to explain price action. It is much better than his...

That is what I did. Being from an engineering background I found I liked the idea of algotrading. But I could NEVER turn my account completely over to a computer. I trade price action exclusively now.

Years ago a friend of mine and I were contracting with a firm to write a lot of code for their system. After about a year they went out and hired an engineer to replace us "expensive" contractors. 6 months later they called us back. It seems the new engineer thought a lot of our code superfluous...

Welcome rsimoni. I have also read Chan's books. They are very good. However, since I don't have MATLAB, I found it hard to translate to other programming languages.

Thanks for the thread an links. Really good stuff.

I completely disagree, but that is ok. Like I said, I think it is semantics.

What you describe is a subset of day trading called scalping. Not all day traders scalp. Some of us "swing" trade inside intraday. By that, I mean we get in a setup and stay in as long as the premise of our trade is intact. We may only take 1-2 trades a day. It is a less stressful way of day...

I think it is a semantics thing. If you trade a pattern, you obviously either buy or you short. The direction you take is because the pattern picked it. So the pattern says buy, it is predicting an up move. You programmed the pattern, so you predicted an up move based on the pattern. Like I...

"most"? Exactly how did you come up with that? There is nothing new in your post. Of course we look for price direction. That is what trading is all about. You seem to be inferring there are no winning traders. I know a few personally and there are some ETers I believe are successful also...

There were a lot of good responses to his question. He actually asked a specific question about a service he was looking at in the first post. You just made a LOT of assumptions about his inquiry. I believe all he wants is advice on steering clear of the snake oil salesmen. BTW, it is not...

I will not take the other side of that bet. lol

I have no problem discussing my path and the realities of learning to trade. He can pm me and I will talk with him anytime. That goes for anyone else. If he is looking for strategies, that will have to come from someone else.

Like I said in my reply to speedo, one has to know what kind of trader he is. Only he can do that. I am a price action daytrader. I would never recommend my resources to anyone whose personality does not fit that kind of trading. I applaud the OP for asking for this level of help. Maybe his...

#2 is spot on. First you have to determine what kind of trader you are. That took me a long time to figure out.

Yes I can. A lot of what I see here is negativity, not reality. He asks for a mentor and people say there is no one who will help is not reality, it is negativity. There have been good people run off for trying to help new traders keep out of trouble. What typically is left are the negative...

This is ET. You will have to get used to the negative.

Thanks for confirming that. That is what I thought.

Does qualifying as a pro with cme force you into pro fees in your own personal accounts with other brokers?

I think the point of the quoted article was that beginners often get over confident because they don't know what it really takes to obtain the skill.