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-------------------------------------------------------------------------------- Quote from Maverickz: Yet you keep posting anyway. And keep posting . . .

I would have to seriously question why "anybody" is compelled to continually update this thread - it's not theirs and yet they hijack it continuously with no added value - that goes for about everybody who keeps posting over and over. This journal is the perfect example of how a discussable...

Not possible. No self-moderation or special treatment happens on this board. Sorry to say. You'll have to start a blog for that. JS

After commissions, what percent of trades to you need to win to make this method a positive expectancy? This site is intended for collaboration (entertainment in reality), so regardless of your success or demise, someone will learn something. But let me point out a few over-shadowed key...

"Household name"??? "Well known throughout the financial world"??? How silly does this sound to you? If you use fibs and make money, you're probably some form of successful. We'll never get to any agreement on the definition. You're just starting with the wrong assumption . . . you...

This one statement alone shows that you are early on in your trading efforts. Like he said, it's all relative given account size and other factors. There are "successful" amateurs and "successful" professionals. Knowing whether to take good counsel from somebody has nothing to do with how...

I will humbly disagree. They are fractal and look near-identical I agree, but for any given security/instrument I believe you can tell the difference upon study - ie, a daily vs 3-minute chart. That's why when a lot of traders say that their setups/approach work on any timeframe, I will bet...

I think this sums it up. Although, per #4, just making "more money" (as in "additional") is sufficient for most people. Law of large numbers is in play everywhere you go. I don't think most people quite grasp how complex and vast a world we live in. There is a somebody doing something...

And now . . . the attachment.

Plenty of people daytrade 5-minute bars. I don't. And I personally wouldn't know how to make the small stop size you are considering work on a 5-min timeframe. The ATR on 5-minutes is too big. I'm probably stating the obvious here, but let's say that you went long based on looking at a...

95% of what I do is try to catch the "meat" of the intraday swings / runs . . . (the whole intra-bar breakout thing is a single technique to get in on part of a more "parabolic" move without chasing price when there isn't much of a discernible retracement - part of the other 5%). I also...

Quote from Swan Noir: Are you suggesting that using tighter stops makes a better overall outcome more likely? Probably lost in translation but I meant that 7-10 is too tight. You can use 10 with NQ and 15 with YM at minimum on a fairly small timeframe. If you decided to trade NQ a single...

Not necessarily, but try using a 7-10 tick stop and see it work against you. I will hit a first target in this range actually. But I don't subscribe to the camp that you can have an "inverted" reward/risk ratio. Not because it's not mathematically possible or it's "traditional" or...

To be clear, I said intra-bar, not intra-day. I'm not an ID/NR type trader. You're correct, it's not genius . . . but thanks for the mocking . . . my skin is plenty thick. It seems to work very well for me - doesn't happen very often. Of course, maybe your definition of "runaway" is...

Agreed...my small point is that I don't think there's a viable approach for a new guy where you'd risk less than that b'cause then there's too much focus on "scalping" and making way too many trades per day.

If you decide on futures over stocks, then NQ and YM are the obvious choices for the new guy. "Scalping" is subject to interpretation, but true scalping is done by the algo/program/rebate trading houses. You need to plan on at least 12-20 ticks for stops. That's today. If we get back to...

Dear OP, Your thread has officially been hijacked about uninteresting, non-relative stuff. Keep trading. JS

Choppy morning . . . taking a break. Well I don't want to be accused of being a nut driver . . . :cool: Nothing based on price action is a secret, so I'm an open book. I will enter on a breakout of an inside bar. Neither proprietary nor hoping you will think me a genius. Just thought...

There are many methods to picking when to go short if you choose to countertrend trade. A trendline break is fairly agressive (earlier=agressive). If you get burned, then deciding whether to try a second time should already be determined by your trading plan. You can't keep repeatedly...

There's really no excuse for NOT following one of your setups just because price is high. That's mentally paralyzing, and who needs that? that shows some kind of emotional attachment to price. You want to be a professional? Then ask yourself each and every time, would a professional think...