Search results

I haven't traded currencies (or stocks) in years but I have traded the ES for the past 18 years and my setups are the same for long and shorts, simply reversed. There are many on these threads who have never experienced a bear market. In a bull, there are no lack of good long entries. In bear...

Long, short -same thing. If you are having a problem, invert your charts and see the setups upside down. If a market is directional...participate.

Trading is not all that difficult. What IS difficult: A: Learning HOW to trade. B: Learning how to think and behave as a professional trader. Most will never accomplish A and fewer yet (arguably more difficult), B.

Profitable strategies are plentiful...the trading is the thing.

Your question is far too generic and demonstrated that is is way to early for you to think about trading real money. First, what kind of trader to you envision yourself to be?...Trends, reversals, trading range bounces, measured moves? I would advise a study of existing price action...

The guy is just a gasbag.

:D

"Setups" do not form in a vacuum which is why you have to test your own signals given your understanding of the context in which they occur. Bulkowski's stats are meaningless without that context. Before a trader has a chance to put the odds in his or her favor, and yes a skilled and disciplined...

Most "reversals" fail and most breakouts fail. An edge can be developed at picking turns but what it entails is well beyond the scope of a simple discussion thread and requires considerable observation, study and testing. Trend pullbacks can often appear to the noob and journeyman as a "Bottom"...

Humor, you know...that which makes one laugh.

:D

BTW 50% is not a fib number but it is the sweet spot in a retracement zone.

And it shows institutional support at the level. Algo's fire off at the same levels over and over for those who pay attention.

Actually it's fairly common in many timeframes

I review all my signals for the week, either daily or on the weekend whether taken or not. I track entry price, short or long, time of day, type of signal, MFE, MAE, Initial Risk, Initial target (based on IR) and size of profit or loss for the trade. I have done this religiously for years and...

:D

As is so often in these threads, the words investment and trading are used interchangeably. They are different enterprises. One thing that has to be learned as a trader is that despite any previous achievements you might have had due to intelligence, diplomacy, force, work ethic or whatever...

I pointed out how they were relevant. They make markets and provide liquidity thus absorbing risk, lessening such for investors and hedgers. As far as winning and losing traders, there can be no winning traders with losing traders....at least in the futures markets. There is risk in any...

Calm down Warren, speculators make markets and provide liquidity thereby reducing risk for more conservative participants like investors and hedgers. In return for making markets, providing liquidity and absorbing risk, they reserve the right to make a profit. Sometimes they do and sometimes...

ET lol