Search results

Don't be concerned about "following" the Bride thread. It's not a course. Concern yourself with following buyers and sellers. For example, if you need to follow the rules strictly and rigidly for some reason, then a short off the opening high -- after a break of the demand line and a...

And an alternate take:

Since you began this on TL, here's some unsolicited advice: Take care not to get too caught up in lines. The lines are there to serve you, not to control you. They are there as a clue to possible changes in the balance between demand and supply, or, for the trolls, buying pressure and selling...

Trading chop is challenging, and what is more important than the losses is scratching immediately as soon as the trade isn't going right. You can trade chop knowing that eventually price will exit and you will begin having winning trades, but it can be awfully wearying. Just saying the hell with...

508?

AMT suggests a reversal, or at least a return to the mean, particularly since we're hitting the upper trendline again*. But, unlike S&D, AMT is just a theory, not a law. It's based on behavior, but it's still just a theory. *There are a couple of trendlines here that are pertinent. One is the...

An unexpected test of the high. While I'd like to have earned the extra 20pts, I can at least imagine that somebody in Europe got it since it broke out at 0300. Italy maybe? This will be an interesting day.

Most traders lose. That hasn't been news for quite some time.

Not really. Most traders will crap it away almost immediately.

Not really. Look up "mean reversion".

It doesn't bother me. There's tons of this stuff in these threads if only they'd look it up. But they don't really care. They're just ticked because somebody is making money and it isn't they. Look at today, for example. Plenty of guessing but not a single trading plan. And they wonder why...

Today, on the other hand, I posted the trade before the NY open, so the count is now 7 winners and 2 losers for a winrate of 78%.

Exit here for 50pts. One trade.

Nearing 3570. Time to start looking for a reversal.

And here we are again.

3562 might be a waystation.

On our way to 3570.

And here we are.

1. Anything can happen. 2. You don’t need to know what is going to happen next in order to make money. 3. There is a random distribution between wins and losses for any given set of variables that define an edge. 4. An edge is nothing more than an indication of a higher probability of...

More fun than Part II, Part III . . .