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Appreciate the ongoing dialogue, Susana. What, to your way of thinking, is a large stop? Since you have positive R:R, and stops are based on setups, have you had some winners (more than a tick or 2) turn into losers because you didn't move the stop up due to PA?

I have. Good movie. Actually scared people in its time.

Susana, is this true; if so, how much profit before you move the stop breakeven? Since you don't scale out, breakeven is entry, correct?

Appreciate the reply. Just to clarify my thinking, when you say "formations" are you referring to either the high or low of the entry bar or something else?

I'm not looking for the grail anymore, just more information. Can you direct me to a clear, concise and easy to grasp explanation of Wycoff based trading?

Random sometimes? How about most of the time. There are periods of non-randomness and these need to be identified and exploited if you want to be consistently profitable. P.s. Don't get so frustrated. Stress is a killer for your health and trading.

For those of you who are interested in learning more about why people follow the likes of Jack and other guru types--whether religious, fitness or political--I suggest you read "The True Believer" by Eric Hoffer. Grounbreaking psychological study.

Forgive me if you've answered this, Susana, but what is the size of your stop loss? Does it vary?

Max, I assume those red and blue wavy lines are some form of MA (an indicator, I think). For the sake of regularity and in keeping with the spirit of this journal, I suggest you delete them in your future posts. Thanks.

He's perched at traderslab. He is well read and quite knowledgable, but by his own admission, hasn't found the grail. Who has?

Stocks are no different than futures or for that matter the auctions at Christie's. Price moves based on supply and demand in realtime. Price action is not necessarily S&D. Look at the PA journal, for instance. Many traders look soley at the price bars (support and resistance) and nothing...

What are those red and blue lines that roll up and down? I'm not going to use the "Ind" word (God forbid), but I recall seeing a thing called moving averages that look similar.

Prop traders at the major IB have access to every method/system known to mankind and huge pools of capital to trade with the very best in technology to boot. However, very little trading is of the discretionary type that is found at the retail prop level. Most IB props are responsible for...

He is a paid sponsor and can do what he pleases. If you don't like it, too fcukin bad. At least he's selling something that has value and is reputable, unlike YOU who had the balls to try to sell your snake oil system for a $250,000. :eek:

Nicely said. Are you Jesus or just a fan?

Hard to take the OP seriously. What's the difference between the Hope diamond and that pinhead from the jewelry store at the mall next door?

The odds are against you and the same regardless of your bankroll and none are easy to learn if you mean making a profit. If you're willing to blow the $50K with better odds on games that won't pit you against the best traders in the world, change towns from New York to Las Vegas. There...

I know you don't post there, but clearly you read it. It's so amusing how the PA traders arrogantly look down their noses at their indicator counterparts. I think in many ways, your remarks on the evolution of losing traders such as SusanaDT are right on. That's not to say I agree with...

This is the result of many of his issues. Read it and weep if your the empathetic type or just open a bottle of beer and laugh your ass off. http://www.elitetrader.com/vb/showthread.php?s=&threadid=128386

Jack, SusanaDT is serving notice to the likes of you and others who, in her elitist opinion, are still in kindergarten using indicators.