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hey Ehorn What a nice job of trading today...

I gotta say this. This is one of the most comical moments I have ever witnessed here at ET...... These last few posts, Well I really don't know what to say..... Sweet Jesus.....Take me now, I am ready........:D :D :D I am going to dinner. Best to all. Oh my god.....

You're welcome.

Okay Fifo, here is what I think you are talking about Price touched the longer MA and so a possible trade sets up fading the test. But it goes wrong immediately. Entry was at 1230.25 with a 2 point stop...normally I would just let it run until stopped out, however what you are asking is...

Thanks for the kind words Fifo First I want to post this chart It displays a lot of ideas that can be useful it you want to use this method I suggest struggling traders print out the chart and then go back and note the following First price tests the previous day's high and cannot...

Well by the time people present themselves for help, it is usually too late to obtain significant relief. If you have a small client base, you may want to contact them in person. But first you need to take control of your situation and find a strategy that will stop the bleeding. My advice is...

I guess the message I wanted to provide was this It is unlikely that a single retail trader sitting at a desk in a spare bedroom at home, would have the skills or the resources necessary to obtain that kind of performance :D In my opinion, it can be done (that and more) but it requires...

Well you are correct.. and the pathetic part is every day he's here posting his crap, his posts are going to show up and that chart WHOOOO WEEEEEEE Imagine the ass whipping that he would have taken if he was actually trading..? Hey based on that, don't you wonder what those "young...

Good professionals make significant money (depending on account size and risk practices) like this. If you do the math, figure about 180 days of work (200 minus August), you can see what the potential is.. A skilled person trading a decent sized account with strategies that have a positive...

Prom queen here suggests that all of us lack integrity. Apparently she cannot read a standard bar chart "Support is right here!" is what the idiot said and then price DROPPED through several price levels like stone... The fact is, the guy got caught acting like an ass....Its his...

Summary of suggestions for Struggling Traders 1. Trade "with" the longer term trend if possible. I use a chart with daily bars/candles to obtain my "long term" trend 2. Start with a plan but be ready to react to whatever the market does. I use Market Profile to obtain an idea of where...

Based on his comments you have to assume he doesn't trade. So he has no real committment to the prediction he makes. Robbie, my suggestion is you flip a coin every morning before the market opens and keep track of the result. Heads, market will close up, tails down....and I would think your...

Here is another example that cropped up as I was watching the chart

Here is a chart that shows once again how price is likely to test a particular area before moving on See how price tests three (3) times and then takes off to the next level. This is characteristic of today's market and something that traders have to get used to if they are going to be...

Indroinas I agree with your comment. I have commented on the concept of stationarity a few times myself..I don't bring it up here because I am trying to help struggling traders. I assume they don't have the skills to make use of it. However for those interested I suggest reading...

Thanks for your comments I agree that small traders have significant challenges to overcome when trading small accounts. Clearly it "takes money to make money". Here is what I notice about small accounts; 1.) They hesitate to pull the trigger, resulting in missed trades and...

No more charts but one more entry That last trade was entered at 1269.25 at 13:36:15 EST. I didn't stay on it (Doc's appointment) but if one had stayed with it to the end of the day, and you had something left to scale, your best scale out would have been at 1245.25 for 24 points. For this...

This will be my last chart for today As you can see we have another test of the longer MA and this time the test coincides with a pivot. I try not to miss one of these setups even though this one is occuring later in the day. Entry would have been at the open of the next bar at 1269.25...

The importance of "time of day" in trading Time of day is very important in trading. The best setups are those that occur early in the session look at your charts and notice that price moves directionally early and then stops or "consolidates". This usually happens around lunch time (in...

If you would like to participate in THIS thread, I encourage you to post items relating to trading.