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    Understanding price action

    Conventional wisdom in trading is dominated by myths and fuzzy thinking. The phrases "more buyers than sellers" and "more sellers than buyers" are part of the CW explanation of why price goes up and down. For that reason, I did highlight this mistaken viewpoint. Any person can espouse whatever...
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    Understanding price action

    Why complicate basic economics? Every transaction has a buyer and a seller. Therefore, it is incorrect to say that price goes up because there are more buyers than sellers and goes down because more sellers than buyers. Price is merely the intersection of demand and supply. If demand is...
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    Making JH' SCT and all his material alive

    Bar 9 and Bar 24 were ripe fruit. +10 and +9
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    Making JH' SCT and all his material alive

    Why not go for the low hanging fruit and get proficient at that? Your confidence will increase and emotionally you will be on much firmer ground to work on taking more of the market's offer. These days 8 points ES is just a single trade of 2 or 3 bars duration.
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    IB Initial Margin on ES is 22,000

    If you think that's insane, look at the margin to trade MYM. $6748.87. LOL
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    n/a

    Hi Ken, may I ask how many millions you are trading with? Is most of the money sitting idle in your account? I don't understand why a person trading with millions trades such small sizes.
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