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It's not until price goes back to the top of the narrow range and doesn't break out that you THEN place a limit order to buy at the level where your E is. I wasn't referring to buying at E the first time price goes there (where you actually labeled it E). The limit to buy comes later. I'd...

I know how hard it is to believe that the opposite is so true. I was exactly like you once. My mindset was the absolute opposite of what's necessary to consistently extract profits from the market day after day. It was incredibly difficult for me to come to understand how the absolute opposite...

Yes, you buy at level E, but don't have to wait for G to occur. You say that gives you the best long opportunity. No. It gives you the cheapest long opportunity based on the narrow range. In fact, the best long opportunity comes by way of Bob Volman's price action techniques. First you get...

A rookie should never counter-trend IMHO!

You can learn to use a smaller bar interval AFTER GETTING A VALID SIGNAL IN A LONGER BAR INTERVAL, to enter in such a way that a "big" stop isn't necessary. Often additional confirmation (getting in 5 points lower, for example) means price has developed intertia and will not stop until it meets...

Here are my thoughts just before placing an order when I'm trading in the zone, so to speak (I have two methods of entry): 1) There's a first entry setup. Stop order at [price at which a buy/sell stop order is to be placed]. Click. 2) There's the signal. Limit order at [price at which a...

1) The market teaches you exactly what to do to make the most money. 2) Your thinking convinces you to do whatever will lose the most money.

This is awesome, Yukoner, it's how negative habits are replaced with positive ones. Now as you continue this journey of focusing on the right actions (not the outcome), please post this where you can see it at all times. It's a favorite quote of mine found here on ET by Pa(b)st Prime: “Being...

Here we have the gravestone doji. It's a high probability reversal signal and it's a high probability continuation signal. If the only thing you ever master as an aspiring trader is learning to recognize the context in which it's one or the other and trade the signal accordingly, you will be a...

I've found that the market for crude oil cares very, very much about the trend lines on my chart. It's downright eerie how predictably it cares.

A friend of mine showed me a link to the floor trader's method some time ago and it looked like the way I trade. The problem is that you can lose a lot of money trading pullbacks in a trend. How, you may ask, is that possible when the technique is so elegant and simple? It's possible if you...

Never having a losing month is quite attainable for short term traders (day traders and short term swing traders). A legitimate service will either post their record of real-time trade calls with stops and targets or will offer a free trial. Several years ago Pristine offered for free a swing...

I have yet to see a thread here (or a post, for that matter) where someone says, "I traded all appearances of NoDoji's 1-min trend continuation setup she illustrated in her 'Why Profitable Trading Is So Difficult' thread during RTH for a month with my stop loss just outside the signal bar L/H...

Focus on that perfect execution of the process, and the desired outcome has an amazing tendency to materialize. :cool:

k p, ask yourself why, with your incredible knowledge of how to extract money from the markets daily, you're unable to do it and keep searching for certainty and security to back your trading decisions. Also, anyone who would trade two contracts of crude oil with a $10K account is a gambler...

I don't know what site you're talking about, but her name does start with an M.

I helped a woman I met on ET a couple years ago. I taught her one of my simple (highest odds) price action strategies and told her to study hundreds of appearances of the setup. I advised her to master that setup and then other ideas would start to come to her, but it was crucial to master one...

It's possible to generate hundreds of thousands annually from $100K, or turn accounts of less than $100K into a million or several million in just a few years . Look up Lescor, EricP, Neke, and Szeven here at ET. It's very improbable, though.