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I am not a Leftist but nice try...I just don't like trolls, fail to see their usefulness, and in the case of a forum like this they can be destructive.

Experienced traders recognize these guys for what they are, simply annoying noise otherwise harmless. The problem arises when a newbie or struggling trader seeking direction and advice gives credibility to their gaseous emissions and end up with a harder road than it was going to be in any...

The first sign of a loser is proclaiming everyone else is a loser. Jackoff's like that are making ET a place to avoid for congenial professional discussions. There have always been these creeps but the population of folks who actually trade for a living AND behave civilly has been steadily...

:thumbsup:

:D

I think you hit the turd on the head.

Fantasyland=ET

The only way you can be "emotionless" is with a lobotomy. You need to recognize your emotions as they arise and not let them control you.

Try it with the day session and see how price reacts to the pivot points. The only "right" way is one which works.

A major problem for newbies with respect to trade management is they are not ready to accept losses. A strictly defined trade plan GUARANTEES that you will have losses. It is impossible to succeed unless one is ready to take them without question....or evasion.

As a day trader, I do my thinking when I devise and test a strategy. I want my real time signals to be immediately recognizable, I then enter and observe my trade management rules.

A battleship is a formidable force...but it sucks at slalom.

People, use what works for you. If time and volume work...use them. If monitoring market internals help you ...use them but be careful about absolute statements. I used to pay attention to all that stuff but over the years have distilled down to simply price structure and my rules over a couple...

What Zela said...chart patterns are how we perceive price action. We all don't use named structures such as head and shoulders, triangles, wedges etc but the shape of price development is how we define and shape our edge.

Dennis Gartman, it that you?

Dead skunk in the middle of the road (credit to Louden Wainwright III)

Not a lot of meat on the bone but it is what it is...just have to stay disciplined and patient.

Yeah, a lot of congestive garbage today. Some days are like that.

Goes without saying...

In a single time frame, it may appear to be a reversal. A higher time frame often shows that simply a retrace is occurring and the best trade is setting up in the same direction.