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Counter-trend traders tend to place sell stops below uptrending bars hoping to catch a reversal. So you'd "fade" that common practice by placing a limit to buy below the lows of bars 10 and 11, looking for CT traders to get trapped and their stop losses to trigger further upward movement. It's...

I personally use a 5-min chart to signal chop based on the factors I outlined early in this thread, but I’ll share the ways I’d identify chop on the 1-min chart you posted starting at the 11:17 time. The entire chart looks like chop to me, again because I'd be trading off the 5-min chart and...

Holy cow! How the heck does someone pull off the illusion the stock is moving up??? All these years I thought that when the buyers keep buying at higher and higher prices and you see price going higher and higher, the price is actually going up. Now come to find out this might be nothing more...

Are there supposed to be trades on those charts?

You did not read my statement. I said that "It appears that my trading rules will produce a net profit on a randomly generated chart." My trading rules do not invite random entries.

Awesome! It appears that my trading rules will produce a net profit on a randomly generated chart.

Where can I find random number generated charts? I'm curious if the same setups I trade occur in such charts with the same positive expectancy my trade management rules produce.

If you're one of the big traders/investors that can push price around and you want price to go up because you're accumulating a long position and as price goes up you want price to keep going up, you'll need to "paint the tape" in a way that ensures all the other bulls in the market continue to...

Brooks' concepts (price action concepts in general) are based on the market's current price behavior (the action of price in real time at the hard right edge) offering signals and/or triggering entries based on the price behavior that occurred in the past up to this point (now). What this means...

Gorge.fx, your charts and are way too complicated for my wee brain. Everything I need to know when the odds are most favorable to buy or sell is available on a plain vanilla chart. :cool:

That's why the best setups are the best. The reason why most traders fail is because they believe there's some Holy Grail or Secret Sauce that will provide them with certainty on every trade. They want good grades, nothing less than an "A" (>90%). They grew up in a system that considers a 60%...

I've seen in depth slugar's illustrations of how he trades and it's definitely a price action trading gold mine. The key for him now is to master the execution. :cool:

As I stated previously on ET my only experience with Pristine was a weekly pre-announced trade which I followed for nearly an entire year (that would be at least 40 trades) and you can't get much more transparent than calling entries, stops and targets in advance (the day before), and also some...

Although I've never taken any of their paid courses, Pristine Trading demonstrated to me via a free trial subscription that they are the real deal. Months and months worth of trades called in advance with stops and targets. The setups were superb price action setups, the reward was greater than...

I'll share a favorite poem that helps me cope with the loss of a loved one, whether human or otherwise: We little knew that morning, God was going to call your name. In life we loved your dearly, In death we do the same. It broke our hearts to lose you, You did not go alone, For part of us...

That quote is taken directly from a lengthy Mark Douglas interview I transcribed a while back. When I heard him put it that way, my mind shifted from an underlying belief that I can be "right" or "wrong" on a trade, to a clear understanding that adhering to my risk management plan for a trade...

I don't take it seriously at all; I have a lot of fun with it :D

There was when I joined ET in 2008.

The trading books that I've derived the most benefit from clearly warn of the inherent hazards of trading and, in fact, point out the most financially dangerous pitfalls very clearly.

My Skype experience was the result of me helping a guy who asked me a question here on ET. There was no active chat room and Skype seemed like the best way to learn and share ideas with him in real time. I was experimenting with Brooks-based ideas, having slogged through a good portion of his...