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You would think risk management, but in ET, you never know if that is ever a priority :)

Trading is a lousy profession, after more than a decade as a full time trader, I would have rather become a professional in some other field, a lawyer perhaps, a dentist, who knows. Very few make it, and make it or not you will get wherever you get with plenty of scars. Scars from losses...

Trend change is a major process, takes time, especially on a daily chart. Considering this is the first time the SP has dropped below the 50 MA since the golden cross happened, and considering it remains uptrending, I conclude healthy pullback and feel confident for the time being. If you...

Accumulate WIN

For many buying in a super parabolic uptrend is harder than walking on water, therefore, they opt to counter trend it, most of the time, ineffectively.

Not sure what timeframe you are talking about but gold is acting strong during the afterhours, I'm presently long and looking for a test of 62-67 hopefully tonight tomorrow.

One of the dangers of public forums dealing with delicate subjects. Anonymous posing as experts posting very dangerous fallacies.

Not saying I disagree with your read but for what is worth..... Anything can happen, prepare for all probable scenarios that fit your trading criteria (as not everything merits pulling the trigger) and if something in your trading plan materializes react based on what occurs. I don't...

There are many options to be consistently profitable in trading, many techniques, styles and approaches that do make money, but there is only one winning mindset. Unfortunately when the proper mindset is not present the trader quickly blames the technique because he has no idea about that...

Ya, thing is our approach differ tremendously. I take it a day at a time, I also ignore all news, except their time of release to expect volatility, magnet pinning or technical damage. I stay very far away from analyzing the news because imo the only that pays is price. Notice all the...

What if we do get to 1350s but Monday is not the day for it? Wait to see how we open in relation to technicals on Monday, what if dip buyers show up before we get to your target area, then what, take an unnecessary stop because of your bias? Not acceptable, your bias must be confirmed by...

Price opened around the support channel area, morning volatility took it outside the uptrend channel but it quickly snapped back up, signalling a fake breakdown. There's no catalyst until the unemployment report, and we did take the previous day low, outside bars are rare, so it's now...

Not sure what your style is but from a daytrader's perspective the trend is not that important. You could gap up in an uptrend and immediately hit resistance or you could gap down and immediately hit support. Much more important to understand where price is opening in relation to S/R or...

Uptrend channel, consolidated via 3 subsequent dojis at the channel support line and today finally broke out of the consolidation validating the support. Could be interesting.

Yes he does, and in dire need.

As far as TA. There is no substitute for studying market structure and price action over the years. This is why there is no book out there than captivate the full experience required to move forward, at least I've never read it. You are better off learning from books about statistical...

Time of the news, yes, as warning of potential rise in volatility for price pinning and/or tech damage, actual news information, don't care.

Technical analysis can be tricky, many times it has a perfect short setup while simultaneously providing a perfect long setup. On first look it might sound confusing or indecisive but those are precisely the scenarios I prefer, with patience you let one fail, then the road is clearly painted...

I see a Dow Cash magnet upstairs, more upside to come, probably next week, but certainly in April. See file attached

I don't exactly recall, but the number is somewhere between 60k-100k. No reason to go cash until you are consistent in the simulator, brutal truth that few follow. The simulator can be a powerful tool if you treat it as cash, if you treat it as a joke or for scalping, your results won't be...