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I havent posted in a bit on the thread b/c I am doing fine with the stuff on my own now. Two other posters that i know personally are basically in the same boat as me. They asked their ques, figured out what they needed and are now not really as involved with the thread anymore. One of them has...

I would say learning the method is pretty difficult overall, and time consuming. But the way it allows you to see price move, things will just click with a lot of reps and practice.

even since 12:20ish things for me are making sense again.

I dont have an issue with volitility of course, but when the volitility seems to provide no consistent patterns for how I see things, then I just sit back. Today has been that day thus far for me.

I agree, the way I trade, this market today is too erratic thus far. More akin to gambling so I havent placed a trade yet. Its been awhile since a whole morning has passed w/o me placing a trade but it happens sometimes I guess. Rather be patient and discipline than force something. Obviously we...

I dont get this statement, if the great majority lose in a normal market, should these same people lose even faster with increased volitility? Pro's I agree with you on, but most people arent pros :)

I started with stocks but I'm not saying everyone should. It was just the logical choice at the time for me (this was 2003). Now I am trading futures. Futures has a lot more upside potential but a lot easier to lose and lose fast. So for a novice, it may be tougher. Honestly, it wont really...

Depends what you want to trade. Once you pick an instrument (ie stocks, futs, fx etc), you then have to decide on a time frame. Personally I do intraday only at this point. Once you decide on both of those, then I suggest watching the market trade from open to close, day in and day out for...

Your goal should never be monetary when you start, your goal should be to effectively learn how to trade the market of your choosing. Once you learn, the money will come, but it will take a good amount of time to learn the game. Dont fall into the trap of "I am shooting for 200 a day" or...

Probably shouldnt jump in now, but I just feel very strongly about this. I agree with HG, to really understand price action is to not have to predict IMO.

Me too, I feel like we are in the huge minority here though.

anyone else experiencing issues with the 2min YM PRV tool? At least twice a day, I'll just get a random reading which is definitely not correct. For instance today (8/7) at 14:56 I get about 9K lots traded when its really somewhere near 4K+. Then at 15:00 it shows 7K+ traded when it should be...

But not everyday :D (I like em too)

Thats fine, and who says you need to live in a house, have a tv, a car, go on vacation etc etc. You could just as easily live in a tent in the woods and eat pork and beans everyday. My point is, there are degrees of success. You can make $1 every day trading and be up $250 for the year. Does...

That sounds about right :)

All I am speaking towards is the method working if properly in place. Getting to a level where SCT is possible is still very far away from me and I dont think I will attempt it anyways. I am very happy to see the market how I do and pick my spots accordingly.

Sorry Joe, but your charts look nothing like mine. You have one big channel, there is no way to interpret volume properly within what you have (shown here). How can you possibly know when one short term trend ends and another begins? You have no way of seeing if price broke out of the channel or...

Lol, you obviously dont live in Manhattan. 5k a month and you just barely get by.

Personally I think Jack and Cocaine are dead right on this issue. You just have to remain neutral until instructed to do something by the market. Every morning I sit down, turn on my computer and have NO CLUE what the market is going to do. I know there will be some up moves, some down moves...

So why just hold then, why not take profits and rebuy later?