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:D:rolleyes:

If you want to know how volpri reads charts, go to his journal. There are hundreds of charts with setups and explanations, otherwise quit wasting peoples time with your ignorance. As far as padu goes...seriously ??

Very interesting read...

Incidentally, were you aware (not likely) that Jim Simons and his 800 pound gorilla of funds with his team of scientists and mathematicians analyzed many thousands of data points and found that there were repeatable patterns found on, guess what....5 minute increments and based their models on...

I'll type slowly so you may have a chance at understanding. We traders don't care about why, only what and what can be seen on the 5 minute (or time frame of preference) given the acquired skills necessary. We don't have the time or inclination to figure out the meaning of life every time we...

That may well be true, but your idea of alpha and mine are likely very different.

So you're a cog in an institution formed to manage a portfolio (if that, you sound more like an undergraduate with just enough study to be dangerous). You think that gives you insight into trading for a living? Understanding the difference between apples and oranges need to preclude discussing...

The futures market is made up of buyers and sellers. Each of those buyers and sellers is making markets, be it 1 lot or ten thousand lots. Those cumulative buys and sells result in price behavior. Those who study that behavior and develop methods to trade off those efforts are traders. Those who...

That he left the practice of medicine decades ago to study the markets is meaningless to you? How much time and study did you invest to come to the conclusion that price is simply random?

I had an economics professor in grad school who once said..."If you want ten different opinions about a thing, ask ten different economists."

:D

Your ignorance feeds your view of "randomness", not uncommon but to be insistent on that view marks you as a fool. BTW, I am very fond the lifestyle provided by my "amateur" status :D

There are contexts I refer as "pick your poison" where a bull and a bear scenario are near equal. I don't fade for the sake of fading but may opt for one or the other. If too equivocal, I will sit out until a setup presents a more attractive edge. Not taking a position is a trading decision and...

Depends on the individual. Having studied the work of many, I find Al's work on context and market cycle (an evolution of context) as comprehensive as any. But he is not the only influence in my own trading.

No, one of the challenges in learning how to trade is developing the recognition and understanding of the context in which setups occur.

I don't recall his mentioning them, I don't want to get you off track as the study of Brooks will be invaluable should you put in the time and effort but you may ultimately draw other concepts into your trading. I use David Halsey's concepts of measured moves but with adaptations. I also...

Both, the former represents opportunity upon which the latter, price behavior must be understood.

So your issue is revealed, it's not "gurus" , it's your lack of understanding of price behavior. Nothing wrong with that, it takes substantial time and effort to do so. There have been a steady supply through the years of those holding your view on ET which is an odd but not unusual viewpoint on...

Once you decide on your setups, H2's, DT's, DB's, wedge breaks, MTR's etc, it would be a good idea to track your MFE and MAE on all signals taken or not to adjust targets. Volatility changes and range with it. Targets are dynamic.

:rolleyes: