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I know what you are saying, but yes, this is what I would like to do for now, learn to read price action. I am not bored or least I like to think so, I like watching the ebb and flow of price. I find it interesting. Thanks.

A 6 1/2 hour trading day doesn't seem all that long, however I seem to struggle quite a bit with staying focused and just observing market price action. Would anyone have any suggestions? I have been swing trading/automated trading for a long time, however I am new to 'day trading', I would...

Hello, I am posting this for a friend. With assent shutdown, is there a broker which offers a trading platform with easy to program API? Do you know of any other company that offers a fast and easy to program API with lots of examples. Any company that offers execution messages in...

I tend to agree, but here is an alternative view. Ben Wattenberg is moderator of the PBS program "Think Tank." http://www.washingtontimes.com/news/2008/apr/06/rise-and-fall-of-nations/?page=1 <<I have worked more than 40 years examining and interpreting American and international social...

sorry who is Donna, are you refering to the PA queen Nodoji? yeah intraday is hard, on some days not enough trends to pay for all those losers.

I invite any and all PA traders to examine my trades from today, please see the attachment. Other than this last long trade, not a good day. A lot of stop losses. How would you handle a day like today, what would you have done differently? Two areas that I need help with: 1)How would...

My take from reading Al Brooks work is that timeframe is important, 5 min seem to be his minimum for intraday trading (he will refer to 3 min chart once in a while, but 5min seems to be his standard). So a 5 min chart cuts out a lot of noise which is present in much faster/lower time frame...

I would second that, PA queen Nodoji is great with words. Your wish for larger graphs has come true, you will find on wileys website, larger graphs, they are as big as your monitor.

well, I think that is the promise for me of al brooks work, what if that is indeed true. what if someone has gone that deep into PA to find meaning in very single bar. I am from the old school that market price is mostly random, unpredictable, with small islands of predictibility. I got good...

. Yes, same here. I received my copy of the book this past weekend and despite following deaddog and nodoji's suggestion of starting with the glossary, preface and the guideline chapters, I just wasn't making any progress with the other chapters. brookspriceaction is the website put...

Regarding Al Brooks book, to avoid large amount of frustration, its best to start with his futures mag articles. They I believe offer an excellent introduction to his work. There is also a website put together by followers of Al's methods, which lists everthing one needs to get started. The...

Yes, I think you picked up on something. My background in trading is all about systematic, mechanical, automatic trading. Wanting to shift gears, move towards discretionary trading, having the thinking hat on during the trading day, to fight fear and greed all day is hard work. So far after...

After investigating PA for couple of weeks, it is readily apparent that PA methology is highly subjective and most people need a indicator or two. Al Brooks uses a 20EMA on 5 min charts, proflogic the erotic indicator on volume charts. Most people (including myself) seem to discover PA much...

Mark, if you think appropiate could you please outline how you read price action? do you look at classic HH/HL etc. second how do you measure volatility, what factors go into your analysis of what type of trading day will it be, do you determine that before the market open etc. Thanks...

NoDoji, I am glad they let you out of detention, thanks for your detailed response, much appreciated. Mark, thanks for your reply as well. It just so happens I ordered Al brooks book couple of days ago, they say its a tough read. I think the biggest challenge I am having with PA trading...

with the discussion of voluminous Jennifer Anniston aside, someone back in 2007 said that not all vendors, namely tradestation doesnot offer true volume charts and the tick data from most vendors is tainted, so its best to use constant volume charts. Is this still true in 2010, that some...

thanks for the heads up, NoDoji 4000+ posts, damn volume charts I think are pretty cool, much better than time based charts.

well, I seem to prefer not so much chart patterns of price like head and shoulders etc, but just looking at HH, HL and to some extent S/R. I like stealth traders plain and simple price action reading method. so if the price is making hh, hl is an uptrend and the first lh or ll is start of...

Who are good pure price action traders that are still active in ET? I have read the old excellent threads (from 2007/2008) by anek, stealth trader and sussanaDT but they I believe are long gone. Does anyone know if stealth trader is still active in other fourms or perhaps here under a...

Right thanks, pair trading/stat arb I believe relies on reverion to mean, that prices will return to historical norm. I was thinking if there is an edge in exploring correlation to generate a signal to enter and exit a trade. so to study correlation between two stocks A & B or market sectors...