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Some traders aren't trend trader. If your a counter trend trade learn to embrace it. just because everybody says the trend is your friend doesn't mean it has to be your(as in you) friend. Figure out which instrument fits your trading style. The indices are a good place to start for counter trend...

im going to have to read this book. Thanks.

It depends on the instrument your trading. I trade the ES which is not smooth at all, and it also depend on what time frame your trading. Take the ES, even on a trend day its not that smooth. The indices don't trend well at all, so why would you try to trend trade them? They run stop and...

The post went right over your head. I never gave you an amount you were up. I said if you were up in the position and a big buyer came in and the market never went bid(which means it never went up after his trade was executed), which should tell you that theres a seller holding the market, then...

Your 100% right, Risk Reward and win percent go hand-in-hand. I just think traders put way to much effort in Risk Reward. What is the market doing right now. Another thing that don't get talked about a lot is, how did the market reach your target? Did it go there smoothly or did it chop back and...

IMO risk reward is one of the most misunderstood aspects of trading. Of course we all want to risk 1 to make 2 or above but what if the market don't allow that to happen. Lets say you put on a long and your risk reward 1-3, markets starts to go in your direction, so far so good. All of a sudden...

The good trader that i know who get out of trades when they go against them before it hits there stop, don't just get out because the markets went against them, its more market feel, the order flow changed. Something in the market changed, therefore it doesn't make since to be in. I get out of...

Your right, there's a couple different ways to try to time turning points. My mentor always told me that you pay for confirmation, the more confirmation you need the bigger your stop. In your defense, the market can keep going down in the case your trying to buy a pullback with no confirmation...

You have to be a contrarian, when the market is going up you have to assume you missed the move and start looking for short setups. Even if your buying pullbacks in a up trend your still a contrarian because your trying to time the turning point. The funny this is when your trying to time...

That would be a good idea. I'm going to look into that. I'll keep you posted.

Where was this place at? I don't want to become there best friend. It just would be nice to have someone to talk to during the day that understand what your going though. I don't need a mentor, just looking for a good environment.

Thanks for the reply, I looked at there office on 14 Wall yesterday. There wasn't any traders just Investment firms. I'll try the one on 44th.

I just want to rent a desk on a trading floor, does anybody know of a trading floor that allow this?

Does anyone know of any trading arcades? Looking to be around other traders.

This is the best advice i heard on ET.

There's no reason but good o support and resistence.

Great explanation. If u look at 6:30 on franks charts your gona see a lot of volume on the 5 min bar. What that says to me is thats where the professional started to sell hard, in order for the market to change trend it needs to get through that level with a decent amount of volume. Any time...

It says a lot that u didn't make any trades today. It was whippy, great job. I trade the ES and i finished a little in the green because that last push up, I timed it perfect.

There a pretty solid firm, Free desk fee and there in the trump building. There to help you if you need it. Good firm

Why would you take a long there? Just wondering. That was a counter trend trade. The only Time i would take a counter trend trade is at or near S/R. I really think you need a way to time your entries. Trend wouldn't of changed until price broke 88.25 and closed above there with decent volume...