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Thank you for this. I never have understood why anybody would apply what appeared to be true about developing proficiency on the violin to trading. Then there's the survivorship bias from beginning to end. It's not unlike the business of 95% (now 99%, sometimes 99.9%) of traders failing, when...

You two are making this much more complicated than it is. If while you're observing you note that a particular cluster of behaviors occurs often enough to be worth investigating, and if you notice that price behaves a certain way 80% of the time when this cluster is present, and if you...

The message folders I create in my account do not show up in the "move to folder" drop-down menu. Therefore, there's no way to move incoming messages to another folder or between folders. And though it's minor, the "save search preferences" doesn't work for threads/posts. However saved, the...

Why do you care so much? Unless you're planning on following somebody, it doesn't make the slightest difference what anybody claims or whether they are good as gold or total bullshit. I never pay any attention at all to the claims made on these sites. If I know someone's plan, then I can judge...

Most likely. As I said, I haven't traded stocks since '98. If you're doing well with it, more power to you.

After today, sure. However, there are problems with getting too into lines and channels. One can start focusing on the lines instead of price. At some point, we have to reverse, but traders don't seem to be ready to do that yet. But at least the "lines" have been drawn: either we make another...

It's a common perception (the market is out to get you), stemming largely from a lack of understanding of what's going on. Since the gurus don't understand it either, they perpetuate it. But it is possible to put all that behind you. Question is whether or not you think it's worth the effort.

So. A recap for a very interesting day. See first the charts I posted this morning. We took off from the top of that trading range toward the top of the trend channel. We got to the mean at just about 3720, then reversed, and traveled all the way back to the bottom of the trading range...

Sounds good to me. It's all a matter of focus. And studying the Zen thread.

Actually I was referring to the guy who wrote the article. I have no idea how old stepan is. Let's just hope stepan doesn't like Humphrey Bogart or know how to feed himself. :)

I admire you for being so open-minded. This may require a lot of rewiring. The suggested posts are at the beginning of the Ghost thread. Assuming you have no interest in reading 4000 posts, the suggested posts number around 40. Trading price, however, may be a shock to your system, so take...

I really don't know what I would do. I don't know what this is, and it's a static chart. If I were watching it in RT, I'd have a better idea what buyers and sellers were doing. For one thing, I'd want to know how long and deep that downtrend on the left was. If it was substantial, a break out of...

All charts are tick charts. The only difference is how they're bundled. If you like 133t, go for it. As for leaving off the ON data, you're ignoring two-thirds of the information available to you. This is not wise. But as to the charts, I suggest you open up a journal. That way you can...

Protocol, plan, drill, rules. To some people, a trading plan is going long "if it looks like it's going up". A plan is a little more than that. It's not a 100% ret at 1030; only 50%. And if price were to drop below the last swing low, that's only a couple of points. Or, as I said, one could...

Makes me think of the Plastic Tortoise. He was still posting on his deathbed. Or Tampa.

The seventh bar after your "HH41". Where you've postulated an exit is WAAAAY too late. Even the MA is too late. Which is why I don't use indicators. If you're stunned, I can post back your chart with the annotation. Edit: Actually, I have a little time now, and you're interested, so . . ...

No stop, exc for a catastrophe stop. I'd exit when the balance between buyers and sellers shifted, which would be at the lower high, assuming that price then dropped below the last swing low a few bars earlier. Otherwise, it would be a retracement in a continuing uptrend and I'd re-enter...

I'd exit off the LH after your "HH41", around 1135/36/whatever

Pretty much. But so few people do. At least nowadays. But traders focused on price action for thousands of years until the beginning of the 20th century.

And he's just a kid :) Sorry, stepan.