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I just want to make sure I understand you correctly. As the price goes more parabolic you buy more contracts? "So if the current angle is 33 degrees, I should be holding 3 contract lots. If we go to 46 degrees, I buy 3 more lots" It sounds to me as though you are buying more contracts...

Cash/Bright, You guys should really consider redoing your site. This is what it looks like when I click on your link. Take some of those trading profits and hire a web developer.

There is one more element to this trade that I will keep to myself, for the most part but if you understand statistics you'll know that data in the tails represent a very small percentage of an overall data set. So, if you find yourself at a point where the data is in the tails what will...

Here is the secret to trading. First, admit you have no idea what will happen next because each successive tick is random. Second, take a trade when the probability is winning is heavily in your favor. Third, take a partial when you have a nice profit to manage risk. Fourth, leave a runner...

Exactly! It's like trading a trend. Trends do occur but if you need a trend to make money you will only know one exists well after the fact. When you start believing the trend is your friend it will end. You have to be ahead of the curve to win. You have to be able to anticipate what will...

Pardon my typo's.....no time to proof read, gotta run out -------------------------------------------------------------------------------- This thread started off sounding pretty good and I agree with a lot of the things the OP has said, such as reactions at Fibs being nothing more than...

JJ just did that, LOL.

Apparently 47 pages. JJ, can you spare a spit ball? :(

Alright Elite, I think I'm going to have to play hooky. This thread is likely to get to 3000 pages before we hear what you really have to say. I don't suppose there is an accelerated program?

One of the reasons you are failing is because you are trading breakouts. If you studied statistics you'd know that a price that breaks out of a range is an extreme data point, relative to that past data - i.e. the pattern - and is better to be faded. Trading breakouts is the single worst...

If the generals want to buy they bring the market down. Is this the process?

It isn't all that complicated. Think about the housing market for a moment. It can be categorized as a buyers or a sellers market. When supply is high, like it is now, buyers have the upper hand. They can bargain for prices. When supply is low the opposite is true. Why don't people use...

Oh, and ahh....yeah, I guess I'm in row 1. Anything on trading psychology gets my undivided attention. I'm just amazed at how quickly people blow this topic off but I should glad, right?

I just caught on with this thread and elite34s is <b>spot</b>on. Successful trading is based mostly on intuition. It's an intuitive game! There's a 6th sense to trading that tells you "this is going to be a good/bad trigger." If you don't develop this 6th sense you'll never master the game...

Scalping doesn't mean you are selling the ask and buying the bid. It just means that your style of trading is based on taking small movements out of the market. For example, one day trader may buy a double bottom and hold it until that trend ends, assuming one gets underway. A scalper isn't...

Do you have a background in Quantitative Analysis, and are you interested in knocking heads?

If you are not serious about this post please do not PM me or waste your/my time responding. Quick Background: I trade futures (the ES) successfully and I've increased my account by approximately 6-fold this year -- I have stamped, verifiable brokerage statements to back this claim. I have...

Every once in a while you get a day when every single breakout you come across works. Those days are very rare. When you put on a trade you should always ask yourself, "what will make someone buy this after me?" If your answer is, "because it broke out and less supply exists above resistance"...

Absolutely on the mark here! When the "behavior of price" becomes your best indicator you are well on your way.

It took me many years to get to the break-even point. Once I tasted success my account took off like a rocket. I had a crash (not back to break-even but a severe crash) and then it took off like a rocket at a faster pace. I was running a mile a minute back in these days. After the second...