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I mentioned that one of the barriers to intelligent and worthwhile communication about TA/PA discussions is the idea of predictability. If each and every instance of a TA edge is indeed independent from each and every other, and if each instance has a truly random result, then use of "predict,"...

Nice discussion guys - thanks for sharing it out loud.

+1

BTW, please don't blame someone if he or she doesn't take your word for it. There is no way from what you posted that anyone could independently determine whether your assessment is correct or not. There is very little context shown in these isolationist screen grabs. It is not even clear...

In other words, be like Bill ...

I can honestly say that when I put on a trade, I have no expectations whatsoever other than that my account equity will have changed by at least the amount I pay in commissions and fees by the time I close the position. "Luck," whatever that is, does not factor into the framework of my...

If there is predictive power anywhere, it would be in the time series itself. But even there, I just do not believe in "predictability" where the markets are concerned. I do recognize "probability," which is not the same as "probable" or "probably" as those words are commonly used in common...

And after all, would it not be incumbent upon the TA practitioner to prove its works? A thought that I have with respect to this matter is that many posting here at ET- both TA proponents and TA opponents focus on the "predictive" powers of TA. The pro's argue that TA predicts future price...

I have read the words "trading plan" and "back testing" here at ET more times in just a few months than I had in all my other years combined. I'm a believer in having a trading plan (I have multiple, in fact - one for every set up and instrument I trade). I am a strong believer in back...

I've not been here very long. Spent a lot of time reading through ET history though. I have a number of posters I selected to "follow," many of whom haven't posted in a long time. Going back in time here is like an archeological dig where you start by going clawing through land fill muck and...

-6 ticks on bonds is easily recoverable. Onward and upward, as some surely said to someone somewhere. The only sure thing is you won't get to your goal if you stop before you get there.

You got a bit closer today. I assume you will be using some sort of parlay approach as profits accrue. Keep it up!

I sit here and read his posts (he's everywhere, so there is really no choice other than to "ignore" him and I'm trying to avoid using that feature) and I wonder to myself what is it he is getting out of his participation here? I guess he gets some sort of enjoyment from his "blabbing away."...

Agree on the comparison with golf. I took the game up 3 or 4 years ago because my kids somehow became interested in the sport. I enjoy it, though I don't play as much as I would like or as much as I would need to in order to get better. If you were to ask me, I'd say that trading is a bit...

This is neat. A friend of mine and I recently opened up robinhood accounts and we're having a friendly competition between the two of us. Among our small band of brothers we often have little contests where we start with small $$$ and see who can get "closest to the pin." I'll be following...

stop 78.75 with a 66.50 hard cover target

Where all the ES traders at? short ES 76.50, stop 81.50, letting it run toward the close or stop me out.

I've not read them all, but I've read a lot of them, and as far as posts at ET go, that very well may be the best one I've come across.

Excellent advice. Or pick even just one market and one timeframe ... Mark Douglas recommended one would be well-advised to start out in trading by "becoming an expert at just one market behavior."