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Not everything in life distills down to pure mathematics. If our hypothetical Toronto Trader joined TST and found himself doing well and began scaling up and as he began scaling up he found that a) he was able to adhere to his trading rules as he scaled up and b) the particular instrument(s) he...

It really doesn't matter what the price driver system is based on because it has a Lifetime Warranty!!! http://www.pricedrivers.com/

Suppose Toronto Trader has a fairly small personal trading account and is so fearful of making a costly error or of a black swan event when trading his own account that he can't bring himself to trade more than one futures contract and barely manages to net 20K a year. However, when the stress...

That depends on many factors, so I have no opinion on it.

"The Chimp Paradox" is excellent as well as another book called "The Power of Habit". Here are some excerpts from it: https://www.goodreads.com/work/quotes/17624817-the-power-of-habit The key to changing "undisciplined" trading habits is to identify the triggers (thoughts and feelings with...

The sort of rules TST has in place are the sort of rules that make for a consistently profitable day trader. Day traders who move stops further away, place disaster stops at ridiculous levels, average down losers, fade strong trends, let day trades turn into swing trades turn into investments...

Classic! I'm still guilty of doing that, especially if I have an order resting at some distant key S/R level and by the time price is almost there it seems way to strong/weak for the level to hold, then it holds as if a wall was sitting there and makes a fine opposing run without me. :confused:

That's a nice gap and go setup. I probably wouldn't have gotten in at all because there wasn't a certain movement I look for prior to the run, but treating the break of the initial bar (little red bar) high as a pure breakout long entry is a worthy entry idea.

Because if a person is a consistently profitable trader they don't have the time nor inclination to trade demo so they can then trade your account and have a little cut of profit. o_O

I look at the latest valid signal that matches my trading plan (usually this has occurred within the last couple of 5-min price bars) and see if there's an opportunity to get in on it. If there is, I look at five or six other charts (1-min, 15-min, 30-min, 60-min, daily, weekly) and tally up all...

I'll take my pay from the market; the market writes no bad checks. :D

And dilute my secret edge???

Wait, wait, wait, wait, wait a minute! I can understand how indicators and market profile and depth are confusing and offer no edge whatsoever, but don't be dissin Isolators, bro!!!!

1a2b3cppp once provided a concise and beautiful description of the experience of the aspiring trader, which covered the above perplexing circumstance. I find his post eternally entertaining and quite accurate: There is no course of instruction that anyone can give you. Nearly every trader...

;):D:p

Key word here is "practically". I trade at least three patterns that show an edge.

For the sake of definition, a trader who used volume analysis would not be a "pure" price action trader. Not that definitions or styles matter, because in the end all that matters is whether or not you're achieving your trading goals.

A pure price action trader trades off key price levels. Nothing else is needed other than the ability to look at a chart and see prior levels that will be defended. The defense will either succeed or fail. Statistical analysis is the tool for determining how far to let price run against you...

An edge (positive expectancy) can be derived through study of patterns. For example, if one were to buy or sell "yesterday's close" based on a certain distance price had to travel to get to that level (such distance determined through studying charts and logging statistical analyses of varying...

"Experts" on ET seem to think anything's useless that doesn't provide guaranteed profits on every trade. These "experts" also seem to believe that any methodology described in a book or on an instructional trading web site is worthless. The really bizarre thing about these experts is that...