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You are assuming the daily trade is the beginning of a new trade when in fact it can be that or - Selling at target - Covering at target - Scaling in ADK

Saxon22, Difference is, I don't let intraday noise get in my way. As I only buy major support or short major resistance. Usually about 1 trade a day. Sometimes 2 depending on the chaos. ADK

Traders Expo or Snake Oil Selling Expo ? Come on now, these guys aint traders. Traders trade, who the hell wants to run a business when you can just trade for a living. 1 + 1 = 2 this is more like 1.2! Sick of these lying bastards. ADK

Oh and you must not be glued to your screen, breaking your back with swollen eyes. Pre-program everything and collect when passing GO! :D ADK

A daily chart, common sense (buy low sell high) and some balls is all you really need. Discipline of course but if you are expecting a good layout of my hard work don't hold your breath because I really don't see the point. I've given you the basics now pull out that calculator and start...

The Holy Grail still at its prime. Two positions placed on Friday, I only go long at support areas, and a third during AH Sunday-Monday. Fourth and fifth ones were ready but not required as we got nowhere around that area. Judging by today's action plus Fed's upcoming Halloween pump I...

Here is the "horror" of averaging down with the trend at support levels until the predominant trend absolutely changes. It's not the best, but it's the best I can do. I think we can't attribute it to recent volatility because I'm including half a decade. ADK

It irks me that some traders here can be so dense. Tell me, what happens when I buy three support levels and dump them all at new highs or some major resistance point. Look at the charts, you see vertical price movements all the time making new significant trend changes every darn week...

One thing that I pay very close attention to is the 200 MA. Fundamentally speaking, averaging up is a great money management approach the big problem with it is that it requires great market reading skills and I think it works best on the big picture and not so much on the noisy daily basis...

I got to hand it to you Anek I love it when you let us take a look at your trading mind. You got a gift for this. Say, would you be interested in formulating an averaging down version of your trading style? Im serious here, if you are anywhere near the West coast or willing send me a PM. Im...

Once again I see traders assuming that when I have a loss is 20 times the size of a winner or one whole months or profits or God forbid, that it happens on a monthly basis. Come on guys, I'm not stupid, preservation of capital right? ADK

At first it is a stressful tactic, that one I will accept. Once the system is polished to avoid blowing up, it's an ATM. You can't be stubborn about it, in fact, it probably requires more discipline than any other money management strategy. Ask me when was the last time I blew up with this ...

Hey man i wish you werent so dense about this. I have a huge respect for what you are doing in this forum and for your trading. One can clearly see from your teachings that you know how to trade based on price action and that is great. Now considering the fact that i am not a daytrader but a...

Absolutely. Guess how much money this technique made today for me in the ES and the Nasdaq? I'm sure you know. All i did was buy significant support levels yesterday based on multiday charts and fib in a bullish market. Daily trendlines intact. Today, massive profits. Major...

If a bull market: buy support sell at resistance If a bear market: short resistance cover at support ADK

You need rules. Can't do it forever and must go with the trend at hand. It's all in the mathematics just like options. ADK

In fact! I think people are quick to criticize here because when done correctly and responsibly it is indeed a very powerful tool. ADK

Yep, I also learned it at a prop firm. Real money machine. Newbies here just don't know how or lack the cajones. ADK

To AustinP: I assume the P is for prick. You don't have a clue as to what I'm saying. You conceded bastard. To scriabinop23: Oui, that's the way to do it. ADK

As much as an oxymoron as it sounds you must the cost averaging cleverly and responsibly. Problem is most of the traders cannot.