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James16 is trading price action, not some kind of market inefficiency. He us trading something that never changes. It is when someone finds market efficiency it is not going to last. Price action and S/R levels work always.

Asalam Aleikum guys, I only visited Leninabad with my dad twice back in 1977 and 1980, otherwise stayed within Uzbek borders with yearly forays to Ukraine :)

That's absolutely true. The most important patience and I am very action attracted guy. 5 ticks stop loss is enough when you knwo what to do and can read Level II with Time and Order. I have been watching this combination like hawk for 3 months and slowly getting better at this. Set up is...

Again, it is not what I do. i am looking for higher probability trades where I can bag 5-6 ticks with 5 ticks stop loss. They actually told me to enter often with market order, but I prefer limit order actually.

Oh, Man, you are talking about some prop shops that make money. Ours has no strategy. The strategy appeared a couple of weeks ago. You obviously should read this thread from the start. Now, i am making progress and looking for sweet spot. So far, when I follow rules I am up, but it is hard as 5...

This actually funny, I am not gambling man. There is no gambling in my approach. Yes, I also trade FX but I am not exactly newbie in FX now. I trade with prop firm. What I am doing is working on my trading with 5 ticks stop loss. Not that easy but I am progressing. If I do not trade real...

Hehe, we are practically hommies. I used to live in Tashkent.

Do you mean you are from Uzbekistan or Tajikistan????

Wow, finally, I can read in my home language. I presume you are from Russia as well ? :)

Thank you Pavlov! I am looking into this., looks really interesting.

Exactly, I asked owner if I can tarde 10 sahres, I notice sometimes they do fill me partly. but he says no. It would be the most logical thing to save money and trade 10 shares. But it is not me who makes decisions. It is the company. Also, i have a big list of stocks and as "mentor" told we...

Although I would like and will stay at this office but I need to be sure that I can develop there as a trader and that it is a place that will run for long term. I am not the kind of guy who like to jump around.

Bart, there is no mentor. This office sucks. After loosing $130 in April, owner dared to tell me that he will talk to everyone regarding paying losses. $130 monthly loss for a God sake. I am losing less and less. Owner himself made his first net +$20 after 7 months. I have been trading only 3...

Ok, ended this week 15 ticks up. But was 25 ticks up yesterday. it actually looks kike a Friday curse and I already see it is not a coincidence. It has happened 5-th time. I noticed that when I have so so or negative week I have goog Fridays but when my previous week is really good I am trying...

I have one question for Szeven if he sees this post. What kinds of stocks he gives to new traders to trade?

BTW, what people think of newbies trading FAS with daily limit of $20 and risk per trade of 5 ticks? It is not about me, I would not touch FAS with a stick, but some guys trade it at our office, guys who are newbies like me.

This week was $10-12 down. But although loss in $ was bigger the week was actually much better than previous one. Every single day I was profitable by 11:30 from $7 to $10 with 100 shares. I simply continued trading non stop from 10:00 to 3:00 p.m. but anyway ended all day either with small...

Barts, I agree with you 100%. I am actually planning to become profitable and not BE, but to quite some bitter guys who would start hanging on my balls for daring to state that I can be profitable any earlier than after 10 years and 100 000 hours of watching this, I am keeping low profile :) I...

Thank guys, I agree that I understand little about how market works now, but I am sure not looking for some magical approach that will bring me cash. I am looking for an edge. And what I also know for sure there is things that provide higher probabilities of winners than losers. I am...

I actually used to trade CSCO and if it fits into strategy I will certainly trade it. But there it looks like you missed a letter in this COMS stock, I cannot find it :)