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I've never conducted a statistical analysis of it, but if the R:R is acceptable I will enter off a TL if a 1-2-3 pattern sets up. The example you show at "I" would require too wide a stop loss for me on the initial 1-2-3, but the little arrow you have at M is enticing because it's a FBO of the...

Look at it logically. You have someone who's a self-professed professional ultra profitable trader telling you he and others like him will never share their methods because they'll lose their edge. So you have no idea what they do or if their methods actually produce consistent profits. And you...

Thank you, but I must apologize for the ridiculous constraint of buying a quarter position instead of simply loading the boat on full margin right out of the gate. What was I thinking, for gosh sake, it was a f*cking dip!!!!

How many consecutive appearances of this setup did you evaluate during your test of it? The huge price swings around the open were a signal to wait for the market to assert itself directionally. There was no trend though you could draw lines across the swings on the 5-min. The trend line BOPB...

How many screen captures of setups, entries and stop/target placement have you captured at the hard right edge and studied so far? You're paralyzed by the feelings of uncertainty. There is certainty, but not for each trade, only for each series of N trades (N having been determined by your...

What he said!

Relax and look at your entries. You're very late to each party, as Handle mentioned in his post. Check out my posts on k p's journal from just a while ago. Look at your first entry. You're getting in just a few ticks from the low. You have nothing to "work" with, low airspace is how I put it...

Getting filled short at 80 is anticipating a range will form. You see, there's a low and then a test of that low which forms an approximate double bottom. Offering 80 means you're anticipating a consolidation range will form. So you'd get filled at 80 and scratch for a tiny loss like you said at...

OK, perfect illustration you have on this chart. Are you familiar with Bob Volman's methods? Your box contains a range. L is the "tease" (the market's possibly tipping its hand) and you now have a signal to look for a short entry setup. Notice where price stops at M. This is the study I...

Study the retraces on the 1-min chart, where price retraces, then stops and turns back in the direction of the previous price swing. See if you notice a particular "more often than not" pattern that you can use to enter positions using limit orders on the retrace.

It's a fantastic time to buy! Put on a quarter position RIGHT NOW. If SPY drops to the 200-day moving average (the $180's) before hitting $250, put on two more quarters of a full position. If there's a severe breakdown into a bear market, load the boat using max margin if possible. There is...

Keep in mind that the particular breakout pullback setup I've been focusing on is based on the 5-min trend lines and 1-min entries. There are endless setups, entry methods and trade management methods, many of which use only a single bar interval. For example, in a well-defined trend I shift...

When I saw the results I thought this exact same thing.. :cool:

That is definitely an issue. I'd want to see price bars close and open on time. My system clock matches the time.gov clock which matches my clock on IB. I see a new bar open at the appropriate time while I'm trading, so I trust that all is well!

My student would not draw his trend lines like you did unless he skipped the first part of the instructions for this setup (a 5-min trend line has to break). Below is the 5-min chart prior to the open with the upper and lower trend lines drawn that appeared on my 1-min illustration charts.

You haven't been paying attention at all, Casper. The upper trend line you drew was connected across a 1-min swing high. The method I've been illustrating utilizes the 5-min chart for signals and the 1-min chart for entries. My upper trend line was drawn across the 5-min swing high at 9:15-9:20...

When I was doing my early analyses of price action setups I got to a point where I kept saying this same thing. It seemed impossible, especially when you read all these posts and threads about how everyone loses and profitable day trading is impossible and you have to have secret edges that only...

Yeah it wasn't a "classic" BOPB setup, but price pulled back to the 4019.00 level and I figured if price came back down it was likely to test the previous swing low. I took a few ticks on the trade, exited on the 1-2-3 break. It wasn't a very strong short setup.

I'll share the one thing I wish I'd learned from the first time and never repeated, because it was so costly. My largest losses came from having a strong opinion about fair value versus where price was currently trading and believing that price would have to move into profitability from my entry...

;) What are you using for real time charts? I use IB charts for my trading.