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No offense to anybody, but the threads mentioned above are essentially an introduction to the subject. But beyond that, trading S/R and the shifts between buying pressure and selling pressure -- or "supply and demand" -- is not a "method" but rather an acknowledgement of how markets work. In...

I've seen no evidence of this. He does expect traders to take the responsibility for their own results rather than blaming them on something or somebody else, but that's hardly a "religion".

No idea. Too much hassle, probably. In any case, why not ask your questions there? I'm sure he'd be happy to help.

Strongly suggest you look at dbphoenix's threads on Trading By Price and Plotting S/R at t2w.com. They should clarify a lot of what is confusing you.

This isn't trading with fear; it's planning the trade. If you don't understand that a trading plan incorporates loss, then you don't have a fully-developed plan. You continue to focus on the outcome of the trade rather than on executing the trade properly. If one recognizes the inevitability...

http://www.trade2win.com/boards/forumdisplay.php?f=133

There's a difference between being unafraid and being arrogant. Fear may keep you disciplined, but my discipline comes from knowing that if I follow my plan, I'll make money. Fear is not an issue.

You say you have a plan, but the content of your posts suggest that you don't, or at least that you haven't tested it (if you had, you'd know exactly how much risk you can expect to assume). If you fear loss, you have no plan. If you have what you think is a plan, you haven't tested it. If...

No. But, again, it's not all that difficult. You do, however, have to study charts. Just look for those price levels which have been repeatedly tested over time. Or those zones where price has consolidated or congested over time. And remember that a swing point per se is not S/R. But if...

I trade pretty much the same way, only without the channel and without the pivots; just S/R. The end result, though, is the same. Regardless of where one plots S/R in advance, he still has to see what price does in real time when it hits, crosses, and/or hovers around the levels he's chosen...

Listen to Steve . . . :)

They come from brokerage figures, but they are at best anecdotal. Like the misinformation about terrorists and finding a husband after 40 or whatever, the "fact" is extremely sticky. The fact is that the "failure rate" among traders isn't that much different than the failure rate among small...

I'm surprised that this wasn't included as a choice. Cheese is dead on. Searching for the best entry, the best exit, the best indicator, the best setting, the best charting program, the best pattern blah blah blah isn't going to do the trader the least bit of good if he has no idea how...

And out:

For example:

When the slosto diverges from price when price hits S/R, I place an entry stop just below the highest/lowest price point with a cover stop just beyond the swing point. However, unless S/R is a factor, this isn't much better than trading counter-trend.

I use the slosto %K daytrading the NQ, using divergences to signal reversals off S/R (without the S/R, I don't find it useful), default setting. As for exit, I begin selling at the ADR, then finish when the trend reverses. The slosto is not a factor.

Depends on what you mean by "success" and the time period during which you're trading. If you started in early '03, you would have thought that this was about as easy a way to make money as one could wish for. But we've gone more or less sideways for more than two years in both the Naz and...

Not necessarily dumb. Maybe you acknowledge that you don't have a well-thought-out strategy in place for scaling in and recognize that making one up when the situation arises is not the smartest thing to do. This isn't fear. This is being a grown-up.